Quote from: CageMabok on Today at 06:53:51 PM

Quote from: Derekfunds on Today at 06:31:10 PM

Bitcoin has a great potential yes and it is also a nice asset that one should invest on but saying that if someone invest in long term that they will have profit and it is 100% sure is what an investor is not suppose to tell someone especially a newbie because we don't know what tomorrow holds for Bitcoin, as a matter of fact no investment that it profit or return in long term is 100% sure or guarantee perhaps we should put away the thoughts of Bitcoin profit being 100% in a long period of time, remember what we are using to invest is what we can afford to let go so telling someone for sure may look like misleading the person, that is making the person to invest more than they are suppose to... because of the assurance you gave them.

Let's say we don't give 100% certainty to beginners or to people we recommend to invest in Bitcoin, but what if they ask about the price of Bitcoin since Bitcoin was in the market until now? Of course we also have to show the history of the Bitcoin price to the person who asked. And be sure that when the person sees the price history that has ever happened to Bitcoin, his confidence in Bitcoin will grow and he will also be more confident to immediately invest in Bitcoin.

Because almost everyone who has believed in Bitcoin is based on facts that have occurred in the history of Bitcoin and is also based on the number of Bitcoin enthusiasts who are increasing day by day for Bitcoin. Moreover, currently several large companies have also put their interest in Bitcoin so it is okay to give a little confidence to beginners who want to involve themselves to become investors in Bitcoin from now on.

If you give beginners ideas based on the price history of bitcoin, you may likely be proving to them that bitcoin is only bullish because from the price history of bitcoin, despite that the price become bearish sometimes, it still returns back stronger and apart from during the FTX collapse in 2022 when the price of bitcoin went down low to $18k, the price has been very promising since then so it would be better if you are analyzing the price history of bitcoin to a beginner, you have to let them know that there are uncertainty to what might happen in the future whether the price of bitcoin will continue performing based on the progressiveness of past price history or there will be a turnaround. Bitcoin price should not be speculated based on price history alone as there is need to compare and contrast with the current happenings that can possibly determine if the price will suffer any major setbacks or not.