Quote from: Rigon on Today at 06:31:21 AM

Quote from: ReignJimmy on February 06, 2023, 08:30:58 PM

Imaging Bitcoin in few weeks becoming triple the current price value, what will be your achievement? Where will you be from your current status? Can be boastful of Bitcoin on your wallet, or you're just watching people stocking and bagging coins.

Take position now, don't allow the moving van to pass you bye

There is no telling whether the price of Bitcoin will triple in a few weeks. But I assume that if the price of Bitcoin triples in a few weeks, every current investor will have exactly tripled their wealth. But those who have invested in the high market will recover their losses slowly. I am one of them, I invested in the high market. My investment losses are recovering due to the increase in Bitcoin price. My mindset has also changed a lot and I am always smiling.

I think not everyone will even benefit from it. Main reason why is the fact that I doubt that everyone will wait until it triples in a few weeks, or even months. They will sell before it hits a higher price and that means they are going to end up with a profit but not that much.

Let's assume that we start it at 23k, if it goes to 40k, many people would be off and sell their coins, the new ones will sell at 50k to 60k and there will be few people who are left by the time it's x3 who has been holding since first day. That's why I think triple would be awesome for all of us, but it would not be making profits to everyone, it would be making profits, but not that much.