Post
Topic
Board Speculation
Re: Good time to invest in BTC?
by
wmaurik
on 23/06/2023, 16:32:33 UTC
Investments that have high profit potential of course have high risk, many people think they want big profits but low risk, and I guarantee that it will never exist, cryptocurrencies provide us with good opportunities for big profits in a short time, if we buy bitcoin when and hold for at least 10 years so we have a chance to profit at least 500% or 50% per year.
For me 10 years is not a short time mate, even though Bitcoin is almost 14 years old. But to live 10 years by saving Bitcoin will not be as easy as you might imagine even though it is for profit, because the profit in the investment cannot be determined by ourselves. Unless we can control the market with super large capital and I don't think everyone can be able to do such work through their investment. It sounds wonderful for 50% profit per year, but you even forget that every year the price of Bitcoin will not always increase as you imagine.

All investments can be sure to have risks and it all depends on the circumstances. In fact, usually if the risk is very high, the income you will get will also be high, so it is according to the situation. but buying bitcoin will obviously require a large amount of funds [because the price is already high] but certainty has been ensured, by willing to at least hold it for the fastest time of 4 years [halving period era], then you will get several times the profit from when you bought it.
Everyone can still consider holding Bitcoin for 4 years as an investment because that amount of time is not that long for a long-term investment. But it will still depend on market conditions in each year, because besides expecting good conditions at moments like halving, we should also expect more good news for Bitcoin so that there is an effect for a better price increase in the market.