Post
Topic
Board Beginners & Help
Re: How much money can you make by investing in Bitcoin?
by
BitDane
on 26/10/2023, 21:22:12 UTC
Where the risks of loss are considered to be the lowest.No doubt some coins crashed but that doesn't mean all coins are worthless.

You are right. Coins can crash, and not all coins are worthless. But how will you differentiate the once that can crash and be worthless from the once that, after crashing, will still be able to bounce back, since even coins that we consider strong once are crashing and they are not bouncing back? If you are taking a risk, it’s better if it’s always minimal, the higher the risk that you are taking, the higher the chances of you losing money.

It can be differentiate by knowing the liquidity of the coins.  Bitcoin together with some altcoins are highly liquid that the possibility of it going worthless is so small that the risk involved in investing into them became minimal.

The only coin that I know that won’t disappoint anyone is bitcoin, and that’s why I do encourage people to go for bitcoin. I feel pained whenever I see people losing money in altcoins, and some people go to the extent of investing in meme coins that are completely useless, some of them are newbies that are being misled.

Bitcoin price (not Bitcoin itself) disappointed lots of people who have weak hands.  It is not correct to say that Bitcoin won't disappoint anyone. In the span of time and turn of events, many people had been disappointed by Bitcoin price making them sell their stash after panicking to avoid certain losses in times when Bitcoin price got dump.



On topic, as long as we understand Bitcoin, the technology and the economics, it is easy to engage with Bitcoin investment.  The amount of money one can make from BTC investment depends on many factor which includes, entry and exit price. One can't calculate and realize profit if he don't sell