Quote from: Lorence.xD on Today at 02:54:43 PM

Quote from: bangjoe on March 30, 2023, 09:27:33 AM

To be honest, the cheapest price was at the end of 2022 around the $15k price level, but yes, that was when everyone was screaming because the prices were going down more extreme than usual so not many saw an opportunity at that time. I would probably get close to 90% return on investment today if I had bought back then.

Quote from: mendace on March 29, 2023, 05:15:05 PM

Quote from: leonair on March 29, 2023, 03:53:43 PM

Anyone who has a good understanding of how Bitcoin works knows that investing in other cryptocurrencies, including Bitcoin, is risky. Which a bitcoin investor must accept. And investing in Bitcoin carries high risks as well. So is the possibility of higher profits is also soo big. So if you want to achieve something big, you must take risks

I don't really agree with what you're saying, first of all we need to clarify that when you decide to buy Bitcoin it's not an investment where you have to expect an economic return, because if this is what you expect you should look elsewhere. The only wealth that Bitcoin can give you is financial freedom, keep that in mind.

In depending on the references of each, I think in this context there is nothing wrong, but you have to see which boat you are using in using bitcoin. I think there's nothing wrong with seeing bitcoin as a source of profit and there's nothing wrong with thinking about bitcoin as a hedge or financial freedom, I think it's all true but depending on where you look at it so it's not debatable.

Yes, it really depends on how a person describe Bitcoin based on their perspective and experiences. If they profited a lot in Bitcoin and called it as a source of profit and some planning to have a long term investment from it so in the future they could have a financial freedom. Bitcoin could really gives a lot of opportunity to the people on how they manage it. But let's not sugar coat it and be biased on Bitcoin there would be a risk involved and won't avoid the losses in the process.

The best formula to profit from Bitcoin whether it is bought at a cheap price or at a high price is to hold it for a long time. If you want to get good profit there is no substitute for long term hold. But it is possible to earn profit without long term hold, but in this case you have to follow Bitcoin constantly and do day trading. But here the profit will be limited. In this case, OP formula will work that Buying cheap and sell in profit