Quote from: Nunoluck on July 13, 2019, 10:45:26 AM

Quote from: shitexpress on May 30, 2019, 10:21:33 AM

By looking only at the yearly lowest dollar value you'll find out that Bitcoin is always more expensive in a given year than in the previous year. On average, its dollar value increases (at least) 325% p.a. on average (2010 - 2018).

Thoughts, ideas?

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But that doesn't mean that buy bitcoin will instantly give you profit in the short time. The best way is by using dollar cost averaging strategy and hold bitcoin for long term. If we choose this kind of strategy means thats we will become contrarian investors who only buy bitcoin when the price fall.

Bitcoin can actually give an instant result in a short term, but that will be through trading, if the holder knows how to trade with it, there are so many people that are getting profit from bitcoin on a daily, weekly and monthly basis, especially now that the market is already in uptrend, there is enough room now for people who are skillful in trade to make money in a short term, but for those who does not know how to trade or not willing to go into trading, long term investment is still the best bet and that is only when they can start talking of profit when the price of bitcoin start going on bull run.

I believe that people that invested when the market was dip and has held their coin for long would already be counting their profit by now, while a trader who knows how to trade has been counting their profit from the time of bear market too. So bitcoin can give profit for both short and long term investment.