Quote from: Stormisover on May 25, 2025, 08:15:40 PM

Quote from: Stable090 on May 25, 2025, 07:36:48 PM

Quote from: Stormisover on May 25, 2025, 12:43:15 PM

There is no guarantee that you are going to be in profits with your investment even if you invest for 4 to 10 years or more and secondly you also need to understand that past performance is not a guarantee for the future performance but a guide and that doesn't mean we shouldn't put good efforts and good investment practices by buying and holding without selling too soon.

Have you seen anyone that invested in bitcoin 10 years ago and is currently at loss? Am confident that if you can hold bitcoin for 10 years, you will be in good profit. Do you think bitcoin will be at the current price which it is in the next 4-10 years? I don’t really think so, if you can take your time and check bitcoin price history, then you will know that bitcoin is really growing, and am sure in the next 10 years bitcoin price is really going to be massive.

Lots of people still don’t know about bitcoin yet, bitcoin awareness is still growing gradually, and even government are beginning to have change of mind about bitcoin, they are beginning to adopt bitcoin. With the way things are going currently, I will definitely use previous performance to predict how the future performance will be.

I am not in any in doubt of the potential of Bitcoin over time, already Bitcoin is a speculative asset and completely relying on the past performance to predict the future is completely wrong, your argument is more like saying that Bitcoin is 100 percent risk free and it is 100 percent guarantee to be successful over a long time which is not true. We saw Bitcoin given an all time high before the last halving which was not so in the previous halving. I agree with you that Bitcoin is still a growing asset meaning that a lot of revolutionary factors can influence a past performance not to repeat itself.

When talking about investment presently in today's world, Bitcoin is one of the best bet among them all, just look at it speed of growth in the past 10 years when comparing it to gold, stock and other of it rivals, you will notice that Bitcoin out perform them by a mile.
Yes is through that Bitcoin is not 100% guaranteed of success in the future, any can happen because we live in a world full of uncertainty, but due to the fact that Bitcoin presently is no where near it peak price, their is a very high possibilities that it can go as as high as a million dollar or more in the nearest future if you can buy and hold till then, so right now the best possible asset to invest in is Bitcoin, because it has proven over and over again that it's the most lucrative and reliable asset in our society today if you are only thinking long term as a Bitcoin investor.