Post
Topic
Board Trading Discussion
Re: Achieving a goal
by
MFahad
on 13/03/2024, 01:01:59 UTC
$25K in January was invested in Bitcoin, now with the price going up to $73K, how much more would it take to reach $200K over the course of a year?

No one knows that's the point. When investing in Bitcoin or any volatile asset, one should understand that there is no guarantee that they are going to get a certain percentage in returns after a specific period because the price is unstable and unpredictable, it's priced above $70k today, it can be above $100k in the next few months or be below $50k by then because we can't know which direction the market will move in and how people would react to certain events in the future because that is how the market moves.
So even though investments in Bitcoin can garner great profits in the long-run, one needs to understand that it can take any amount of time for that to happen which can be a week, a month, a year, or maybe more sometimes.