Quote from: LogitechMouse on January 12, 2024, 06:49:40 AM

Quote from: Biggeno on January 10, 2024, 05:00:21 PM

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Although I have not yet owned Bitcoin, I understand that investing in Bitcoin is a great idea but as like others, it is not a 100% guarantee. And if owned should be stored in a non custodian wallet for safety, I would love to begin my Bitcoin journey and appreciate lots of ideas and advice from this family.

So what is your take about this, would you advise on owning Bitcoin in 2024 or do you see it as a total risk?

In investing, the term "guarantee" means scam... or at least for me because I've seen many projects in the past that've used the word guarantee, and ended up as a scam.

As an intelligent investor, always take note that there's no guarantee in investing. There's no guaranteed profit, or guaranteed loss when you invest. Even many are saying that investing into meme coins is a gamble, there's always a chance that you can get profit, and vice-versa. You know OP, all things begin with a single step. Try to step up, save some money and invest into Bitcoin. You don't know until today? Maybe this is the time for you to buy some Bitcoins in preparation for the bull run.

Would I advise you to own Bitcoin this year? Absolutely. I mean in a few months, there might be a chance that we see a bull market happening, and when that happens, you will get profit in no time just by holding some Bitcoins. Of course, there might be a chance that it might not happen. All investments have risks including Bitcoin, so to answer your another question, there's a risk, but if you risk, there's a reward. Not always but sometimes.

I share your investment "guarantee" skepticism. After years in crypto, I've realized that the only guarantee is that there are no promises. The landscape's uncertainty is its appeal.

What about Bitcoin? A revolution, not just a money. Although traditionalists may disagree, I see Bitcoin as an innovative lighthouse. It shows human creativity and our insatiable pursuit of financial freedom. The ride is rocky, but any great journey is. Bitcoin offers both excitement and possible profit. Remember, no guts, no glory.

Should you buy Bitcoin this year? My gut says yes! Unpredictability makes the market exciting. Like planting a seed, you never know how tall the tree will grow if you dont plant it. Theres danger, but no gain without it. Sometimes you have to trust Bitcoin's power.