Post
Topic
Board Speculation
Re: Buy Bitcoin and hold it: 180% annual yield on average since the first halving
by
Kittygalore
on 13/08/2021, 15:43:03 UTC
We dare not make realistic predictions about the price of Bitcoin in the next 20 years. The price of Bitcoin depends on too many factors. Bitcoin recently hit an all-time high, and the Bitcoin price is currently at $41k. Usually, it is a better idea to buy cryptocurrencies when they are in a downturn. However, we all remember how it was too late to buy BTC when it was $20, $100, $1000, $20,000, etc. If the estimates come true, the price may run into millions of dollars. Bitcoin's potential is definitely strong.
What OP did isn't wrong, it's an estimate plus it's just a prediction and it's alright for a prediction to go wrong. Of course, it's good buy crypto when it's on a downturn but if you think about it, any time can be the right time especially if you're aiming for the long-term.