Post
Topic
Board Bitcoin Discussion
Re: journey to financial freedom
by
BALIK
on 30/05/2023, 08:13:02 UTC

This is sort of true and also not true at the same time. I think people are late to the "I put in 100 bucks and made 100 million" part of bitcoin, that was history and it is not going to happen again, too many people join crypto and invest into brand new projects just because they want to make money that way but we all know that it is not going to happen that way.

Meme projects and shitcoins can still do that, but finding a project that brings millions of percent profit is like finding a needle in a haystack. Moreover, to find such projects, we must accept the risk of losing everything when investing in that shitcoin.

However, I do agree that we are going to see the situation a bit differently if we invest slowly and gradually. If we do that then we are going to end up with a good return on the long run, better than any other investment and it is still by far the best asset in the world, we should be looking into that and we would consider that a lot more important. I understand that it will be a tough situation, but we need to learn to patiently wait.

Bitcoin will still be the most profitable asset that no other asset can compare, but calling it the best asset is incorrect, as it is not safer than other assets. High return comes with high risk, we can also lose everything when investing in bitcoin. The future of bitcoin is unpredictable, and nobody knows in advance.