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Author Topic: Bitcoin is the most profitable investment year to date.  (Read 1833 times)
summonerrk
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November 19, 2024, 02:26:48 PM
 #141

Yes, Bitcoin is now an insanely profitable investment, but it's not that simple. Cryptocurrencies are called high-risk assets for a reason.
If Harris had won the US presidential election instead of Trump? What would have happened to the Bitcoin rate? I was expecting a price of 40k, and my long-standing experience told me that this would have been a very real scenario.
It didn't happen, but there really were chances. Therefore, I think that investing in Bitcoin is a unique case that cannot be compared with other ways to invest.

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November 19, 2024, 02:29:48 PM
 #142

Bitcoin needs a long-term investment to realize a good profit but there are some investments that can outmatch the profitability of Bitcoin in just some weeks or months, all it needs is the right timing on investment and selling.  I am saying this in reference to the current percentage growth of Bitcoin and not the price of Bitcoin from the beginning to date.

In this crypto space there is no investment that can be compared to bitcoin, obviously, and you already know that, and if you are talking about altcoin, I see that it is a waste of money because altcoin cannot be held for a long and it will not give you the profit that a bitcoin investment is going to give you. Also, Altcoin cannot be held for a long time, and that is why it’s got a lot of risk of losing money.

Moreover, the thread is about the growth of bitcoin and how profitable it is, and you can’t compare bitcoin with altcoins; bitcoin has already taken over the crypto space; there is not a coin that you can compare to bitcoin. 

R


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November 19, 2024, 03:30:45 PM
 #143

I believe it is much better to say that Bitcoin is the safest cryptocurrency investment since Bitcoin has solid liquidity, a very secure network, and is recognized by many countries.  I also think that there will be much argument whether Bitcoin is the most profitable investment since we all know that there are other cryptocurrencies that can give much higher percentage yield than Bitcoin does in the current time.

The OP makes it looks like Bitcoin is he best profitable investment but he should have restricted to cryptocurrency and not generalize it. Bitcoin has done well this year but there are other local investments I have done that is far better than Bitcoin so far, I have made atleast 300% of my capital investment but they are in my local currency. The advantage where Bitcoin beat the investment is that usd appreciate against my local currency which means that my currency has lost some of it's purchasing power while Bitcoin doesn't.

If you are ever going to make investment whether in any other things, make sure you diversify them for both Bitcoin and non crypto investment, there are vast majority of opportunities everywhere one can explore you know. Bitcoin is doing well today, you never can tell when it will stop the run and does what you don't expect, the only factor protecting the price from falling from ceiling is what Donald Trump will do later.

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November 28, 2024, 05:31:41 PM
 #144

The truth is when something becomes too real it doesn't have any hidden place, even though some people are still skeptical about it which is not stopping it from making it's success, Bitcoin has proven to be among the best if not the best kind of investment when it comes to world class digital asset, indeed it  is better to be part of it's success than regret later on, just as those that has the opportunity to do earlier, the bitter truth is that most people lack patient since the investment requires more of it as regards to profitablity based on the quantity one have and how long we are able to hold.


And there are already those who regret it, many may have bought bitcoin when it was cheaper and sometimes you see them complaining out there, so that is something that greatly influences the psychology of each person, because if they buy now, bitcoin will still go up in price and may be much more than it is now, this was just a taste of it, in these times you have to be smart and take advantage of the opportunities, whoever doesn't take advantage of having BTC, well, I don't know what they want in life, they have to realize that the best investment is BTC.

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November 28, 2024, 11:43:06 PM
 #145

-snip-
This is literally Bitcoins year! It’s such an exciting time to have been on this forum for quite a while now and following since 2017 for me pretty much. Although I did have initial introductions to Bitcoin very early on but largely it went over my head several times before I finally started paying attention. I wish I had seen it sooner of course! I feel like there is just a point when a person figures out how to flip this switch in their head on bitcoin where one day everything clicks and it just makes sense that it is one of the most valuable non renewable resources in our world.
The growth in the value of bitcoin in a one year time frame is impressive - the percentage is almost 100%. If in the last year someone had 1 bitcoin - then by now they would have collected more than 97% returns, not to mention if they entered at a lower price. But whatever it is - they don't need to regret their past perhaps not realizing about the potential of bitcoin - I mean, they can still buy bitcoin today and make it a long-term investment.

Bitcoin will continue to gain support and its popularity will spread further. A good future can be expected although there is a possibility that the annual percentage return will decrease over time. I admit bitcoin is still the best investment asset in the industry - there's no denying that.
This year has being a wonderful year for Bitcoin ,bringing a tremendous profit to investors,no matter how little you must have investment am sure you are smiling now, a lot of persons never believed Bitcoin will go these high within a short period of time,they taught it would be like other years,but surprisingly it not.

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December 01, 2024, 04:16:10 PM
 #146

Only an overly enthusiastic bitcoiner can sound like this, not a mature investor. Your words are very loud, but often, there is little common sense in loud words. It is impossible to say for sure which investment will be profitable, and even more so, the most profitable. And I will not even mention statements about the "safest investment". For bitcoin, even $100K is already a good price, $1,000K is "sky-high" at the moment. But I can agree that even this level can be reached one day. But not as soon as enthusiastic BTC-investors like you expect. There is just one nuance. By the time 1 BTC costs $1,000K, the significance (value) of such millionaires will be much less than now. Even now, being a millionaire is not nearly as prestigious as it was in the 90s (thanks to inflation). The only thing I agree with you 100% on is that no investment type is like bitcoin. Bitcoin is something completely unique, but definitely not perfect. Bitcoin should not be "worshipped" or "idolized" too much.
I'm not saying that it will reach $1M right now, not for now although I don't rule it out, but I have seen that many are left with their mouths open when they see these prices, how many believed that it would reach almost only $100k? Maybe I'm very enthusiastic, I don't deny it, but I'm not telling lies, right now everyone is waiting for it to reach $100k, and it will arrive, just as it seemed impossible a few years ago that bitcoin would reach that value, now I don't see it impossible for it to reach what I say, if a few years can pass, it could be 10-15 and even 20 years, but analyzing time in the blink of an eye we are already in 20 years, and if we have life we ??can see that wonder.

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