Can Bitcoin investment still be a thing?
For those who are in the crypto markets for a very long time know very well about how the price of Bitcoin keeps going up and down. In the last few years, we can see a full upward trend for Bitcoin and despite many altcoins that have picked up speed, Bitcoin is still a wonderful investment for many people because they believe the demand for Bitcoin will not go down.
Huge demand for Bitcoin
There will always be a huge demand for Bitcoin. One of the biggest reasons is that many altcoins are still considering Bitcoin as their role model and even the market is operating based on the price of Bitcoin. Many altcoins have Bitcoin as their primary pair. If the cost of Bitcoin goes up or down, this trading pair also affects the price of altcoins.
The demand will always be there because people think that Bitcoin is a pride cryptocurrency and they have to hold a decent amount of Bitcoin with them. Most of the people who buy for pride don't usually sell them in the market creating an upward trend for bitcoin. Even if people want to trade this in the market, they are doing it only on exchanges and whatever goes to the private wallet usually stays there reducing liquidity in the exchange wallets and increasing the demand for Bitcoin.
Bitcoin is still a good investment
This year Bitcoin had its peak value even before the Bull Run started. There was a decent increase in the price of Bitcoin but not the other altcoins so we cannot call this a complete bull run. There is also a big doubt about the pump in the value of Bitcoin because of the war that is happening. Many people say that it is affecting the crypto markets.
For people who think about the long term and not about all these short-term movements, Bitcoin is still a good investment from my perspective. I used to have close to 1 BTC when the price was around 3k back then. I sold all those coins and bought Hive believing it would be a great investment. I still think it can be a good investment but altcoins have not started pumping yet.
I think Bitcoin is a good investment because the supply is limited and people can buy only a certain amount of Bitcoin. As I said earlier most of the Bitcoin that is bought goes to private wallets reducing the supply or liquidity to a greater extent. This way demand increases and the price keeps going up.
After the halving event
It was expected that the price of BTC would slowly go up again after the halving event because that has been the trend in the last few halving. This time it was a bit different because BTC had a huge pump even before that. Nobody expected BTC to hit and go over the previous all-time high value. In the next good market, BTC is expected to cross 100k and move up further to reach 150k at least. Maybe there can be some selling pressure at that point making it hard for the market to keep up. But overall the trend will always be up no matter how many years pass.
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Bitcoin is the backbone of every crypto portfolio and will do a 10x within the coming decade. If not more.
The way some people feel BTC has gotten to its peak is also the same way some feel it is just starting to rise. I feel BTC is still a good investment so it’s still advisable to invest in it
"Bitcoin is still a good investment?"
Determining whether Bitcoin is still a good investment depends on various factors such as your risk tolerance, investment goals, and market conditions. While Bitcoin has shown significant growth and adoption over the years, it remains a highly volatile asset prone to price fluctuations.
It's essential to conduct thorough research and consider professional advice before investing in Bitcoin or any other cryptocurrency. Additionally, diversifying your investment portfolio can help mitigate risk.
Ultimately, whether Bitcoin is a good investment for you depends on your individual financial situation and objectives.
Bitcoin has moved from speculation to investment.
Before, we were all speculating that bitcoin wouldn't just disappear. Now, we are at the beginning of the investment phase. And as such, it is a VERY GOOD investment.
Bitcoin will, at least, 5x before Dec 2025.
Can you get that in the stock market?
And, unlike all the other "investments" out there, bitcoin has a future.
As in, we will soon see the end of the stock market.
So, now is a very good time to invest in bitcoin.
Of course, lots of speculation in altcoins.
5x before Dec 2025? 😍 Any sources?
A bunch of people are saying at leat $300k by the end of 2025.
Most say, minimum $300k. Max Keiser for one.
The ETF has changed a bit the path and timing :D
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I think it's not worth investing money now, people who bought it at low price should make profit here.
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Bitcoin's price movements following halving events have historically shown significant increases, often reaching new all time highs.
Despite pre-halving pumps and potential selling pressure at key price points, many believe the long-term trend remains upward due to Bitcoin's limited supply and growing adoption.
However, market volatility makes precise predictions challenging.