I think the days of making lots of money with Bitcoin are finally over. Even if Bitcoin doubles and you invest $1000 your profit is only $1000. This is completely different than what happened before when I first learned about bitcoin it was around $300 and it had a low of $200 so if I put all my savings back, then I could’ve been fairly wealthy. However, right now the price is so high that it cannot get much higher because the market cap is already high. I think the ship has sailed.
It is not finally over, but it needs a lot more time than before. In the early years of Bitcoin, there was a rapid growth in price where ones investment can multiply to 1000 folds in just a cycle or two, but the current situation of Bitcoin growth has somehow slowed down now. So it really needs a longer time or a few cycles to get at least 10x of our initial investment if we happen to invest at the current cycle peak. So, to maximize the time in relation to profit, it is best to buy during the bear market.
Even if you buy bitcoin in the bear market these days, expecting to get x10 returns in the next few cycles is very unlikely. Bitcoin currently has a market cap of over 2 trillion and assuming the bear season comes and the coin loses 50% of its value, it will be worth 1 trillion. That means bitcoin would need to reach a market cap of 10 trillion to generate a x10 return, and that's no small amount. I wonder how long it will take for bitcoin to reach 10 trillion when it took 16 years to reach 2 trillion, and 4 years from 2021-2025 to go from 1 trillion to 2 trillion?
We need to be realistic, bitcoin is huge and the days of getting rich quick with it are over. Today, investing in bitcoin will not make us millionaires or billionaires with just a small capital of a few thousand or tens of thousands of dollars.