Mind you Is the more you invest in bitcoin and not (the more bitcoin you invest) and of course the amount of bitcoin which an investor acquire will determine how much profit he will get in the future, you can't acquire a little portion of bitcoin and be expecting your potential return to be massive No" it never works like that.
Before this works. But this time, we can do the math.
So if someone buys at $94k per Bitcoin and expects to double it, then that investor needs to wait for it to become $188k for his investment to double.
Is it bad? no. That's better than the other assets that we know and even in the stock market. For just a few years, it might double from now on or if this bull run gets to another peak before this year ends, then that's better.
Still, BTC is the best performing asset that we've ever seen in our lifetime.
I am not sure what the purpose would be for any newbie to be concerned about whether his bitcoin is going to double in the short term or not, especially since bitcoin should be considered as a long term investment, and anyone getting started buying bitcoin in the $97k prices is going to likely take a long time to build his bitcoin investment - perhaps 4-10 years or longer - unless you are suggesting that newbies are going to be ready willing and/or able to front load invest into bitcoin and then discontinue investing.
There can be quite a bit of advantage for newbies if the BTC price could stay down while they are establishing their bitcoin position, and surely there are not too many investors who are ready, willing and/or able to front load their investment into bitcoin - yet surely if you have some kind of an example of that, then maybe you should provide your example.
And also, you, on a personal level, boyptc, you have been registered on the forum for more than 9 years, so it could be the case that you have largely already established your bitcoin position, and you are no longer regularly, persistently, consistently, ongoingly and perhaps even aggressively accumulating bitcoin.
So , surely if some guys have already been able to establish a decent bitcoin position over a cycle or two, then they might not need to worry, yet anyone who is a newbie to bitcoin and perhaps even within his first whole bitcoin cycle, he is going to have to focus mostly on accumulating bitcoin through buying.. and what other choice does he have? Do think that he should wait for price dips that might not come? Or should he start (or continue) buying bitcoin at whatever price while he is still building up his bitcoin holdings.
What do you think the low coiner or no coiner should do?