Quote from: Wakate on April 18, 2024, 08:57:16 PM

Quote from: ertha on April 18, 2024, 08:45:20 PM

I still feel like it comes and goes, just like other commodities as of now. No matter how much I like BTC i feel it has lost its true value/comprehension over time. So without a good bandwargon urge it will be just another asset, just llike the others. Investing-wise, it's been a great median at the right moment.

Bitcoin is more valuable than gold for years now and we can benefit from holding and buying Bitcoin if we are very patient to hold for as long as possible. Gold is just a commodity that is traded but the value and price is still less compared to how far the price of Bitcoin has gone do far. We can not buy gold and keep waiting for the price to skyrocket so that we can make money from it but we can buy Bitcoin even as little as $10 and hold for as long as possible we want to hold it. The value is there and we can easily make huge profits from it if we are ready to hold and take the risk that is required for us to make money in the financial market.

How will you make huge profits from bitcoin when your initial capital is only 10 USD? Yes, bitcoin can do that and make many people rich with just a capital of 10 USD or 100 USD if someone bought bitcoin 14 years ago and can hold it until now. But for those starting now, how can you turn $10 or $10k into $1 million thanks to bitcoin? Bitcoin is not a get-rich-quick investment, nor is it a tool that can help you get rich with just a small amount of capital.

In addition, when evaluating the value of an asset, you need to look at their total capitalization, don't just look at the value of each bitcoin or each kilogram of gold and say that bitcoin is larger than gold. What do you think about their capitalization, the gold market capitalization is worth 15 trillion USD, while bitcoin has not even surpassed 2 billion USD?