This is just my own opinion so I’m not hating on any coin, i hope you all find this helpful in some shape or form:
If we take a look at the BTC monthly chart, you can see just how far it’s come since its creation. Bitcoin was the first but it certainly won’t be the last. A lot of people missed out on investing in BTC back when it was under $100 when you could easily mine it on a home PC, i was one of those who missed out. A lot of people who had enormous amounts of BTC back in the day, wasted it. There’s that famous story of that guy who spent over 10,000 BTC on 2 pizzas about 10 years ago…… Oops. This brings me to the power of hindsight, it’s easy now for us to look back and say “that guy was crazy, i would’ve never sold” but not that many people really knew it would get so big & nobody would’ve really believed it would get to over $47,000. So, is it worth investing in BTC now that it has got to $47,000, well, that depends on how much money you have to start with and if you’re not a trader then how long are you willing to hold. I see a lot of people on social media saying “if you have a spare $250, put it on BTC and you’ll be a millionaire soon. Eh??? Investing $250 in BTC at $47,000 is not really a great idea if your planning on becoming stinking rich from your investment, especially if you cannot trade. If you invest $250 in BTC at $47,000, even if BTC gets too $1,000,000 a coin, that is only $5,319 profit. The way i see it, now that BTC is at $47,000, in the short to medium term, it will only truly financially benefit those who got in early, expert traders or those who can already afford 1 or more whole BTC coins at $47,000. I honestly believe that some alts like Cardano (ADA) and VeChain (VET) offer a second opportunity to be like those BTC pioneers of old who got in sub $100. Case in point, a few months back, i wouldn’t have been able to afford 1 Whole BTC at $47K, now with my ADA & VET profits, i certainly am able to buy one at $47,000 if i wanted to...... but I’m not going too. If you invested $250 in BTC when it was at $2 in 1st Nov 2011, now at $47,000 in 2021 it would be worth $5,875,000 profit….. Wow 🤯 seriously well done if you held out till now 🙏! This is why i’m concentrating on investing in alts now, because we are not in 2011 any more, we are in 2021 where blockchain and crypto are becoming part of everyday life & will soon be the norm. Yes BTC will always be there as the gold standard, but Cryptos Like ADA, VET, DOT and many others will start to reign supreme because of everyday use case on an industrial scale. This brings me back to the power of hindsight. I believe the same thing will happen again & again, at first, most people will ignore ALT-COINS, but when certain ALT-COINS start making All Time Highs, then people will jump on too late. Case in point, on the brokerage that I use, there’s a constant supply of people asking “should i invest in ADA now or wait for a dip? Saying the same thing at $0.08, $0.09, $0.1, $0.2, $0.3, $0.4 $0.5 ect ect ect ect. What do you mean should i buy? It’s under $1, Under $1 is when you want to be accumulating so when it goes from $1 to $2, your sum total that you have accumulated under $1 will be doubled when it gets to just $2. I really cannot understand why some people cannot see this! Plus it alll depends on if they are scalpers, day trades, longterm traders or just holding for the future. The way i see it, if you really 110% want to own 1 whole BTC, but at this moment, you cannot afford one, i wouldn’t waste my time putting in $50 a month in BTC for the next couple of years until i get to 1 BTC, instead, why not build up your equity with ALTCOINS first, so you end up with enough equity SOONER, enabling you to buy 1 BTC at any price. Before undertaking any investment, it’s best to do your own research and come to your own conclusions about what asset you want & what hodl-ing or trading path you would like to go down. In any case, i hope you find my opinion helpful because dear god, there really is some nonsense info out there. Good luck 🙏
If we take a look at the BTC monthly chart, you can see just how far it’s come since its creation. Bitcoin was the first but it certainly won’t be the last. A lot of people missed out on investing in BTC back when it was under $100 when you could easily mine it on a home PC, i was one of those who missed out. A lot of people who had enormous amounts of BTC back in the day, wasted it. There’s that famous story of that guy who spent over 10,000 BTC on 2 pizzas about 10 years ago…… Oops. This brings me to the power of hindsight, it’s easy now for us to look back and say “that guy was crazy, i would’ve never sold” but not that many people really knew it would get so big & nobody would’ve really believed it would get to over $47,000. So, is it worth investing in BTC now that it has got to $47,000, well, that depends on how much money you have to start with and if you’re not a trader then how long are you willing to hold. I see a lot of people on social media saying “if you have a spare $250, put it on BTC and you’ll be a millionaire soon. Eh??? Investing $250 in BTC at $47,000 is not really a great idea if your planning on becoming stinking rich from your investment, especially if you cannot trade. If you invest $250 in BTC at $47,000, even if BTC gets too $1,000,000 a coin, that is only $5,319 profit. The way i see it, now that BTC is at $47,000, in the short to medium term, it will only truly financially benefit those who got in early, expert traders or those who can already afford 1 or more whole BTC coins at $47,000. I honestly believe that some alts like Cardano (ADA) and VeChain (VET) offer a second opportunity to be like those BTC pioneers of old who got in sub $100. Case in point, a few months back, i wouldn’t have been able to afford 1 Whole BTC at $47K, now with my ADA & VET profits, i certainly am able to buy one at $47,000 if i wanted to...... but I’m not going too. If you invested $250 in BTC when it was at $2 in 1st Nov 2011, now at $47,000 in 2021 it would be worth $5,875,000 profit….. Wow 🤯 seriously well done if you held out till now 🙏! This is why i’m concentrating on investing in alts now, because we are not in 2011 any more, we are in 2021 where blockchain and crypto are becoming part of everyday life & will soon be the norm. Yes BTC will always be there as the gold standard, but Cryptos Like ADA, VET, DOT and many others will start to reign supreme because of everyday use case on an industrial scale. This brings me back to the power of hindsight. I believe the same thing will happen again & again, at first, most people will ignore ALT-COINS, but when certain ALT-COINS start making All Time Highs, then people will jump on too late. Case in point, on the brokerage that I use, there’s a constant supply of people asking “should i invest in ADA now or wait for a dip? Saying the same thing at $0.08, $0.09, $0.1, $0.2, $0.3, $0.4 $0.5 ect ect ect ect. What do you mean should i buy? It’s under $1, Under $1 is when you want to be accumulating so when it goes from $1 to $2, your sum total that you have accumulated under $1 will be doubled when it gets to just $2. I really cannot understand why some people cannot see this! Plus it alll depends on if they are scalpers, day trades, longterm traders or just holding for the future. The way i see it, if you really 110% want to own 1 whole BTC, but at this moment, you cannot afford one, i wouldn’t waste my time putting in $50 a month in BTC for the next couple of years until i get to 1 BTC, instead, why not build up your equity with ALTCOINS first, so you end up with enough equity SOONER, enabling you to buy 1 BTC at any price. Before undertaking any investment, it’s best to do your own research and come to your own conclusions about what asset you want & what hodl-ing or trading path you would like to go down. In any case, i hope you find my opinion helpful because dear god, there really is some nonsense info out there. Good luck 🙏
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.