Is Bitcoin going to zero?

[ubonr1971]

1 minute ago, pattayasan said:

 

The other day I actually did. I invested $200 and sold at market after it rose $8,000 and lost $2. The fees are ridiculous.

Bitcoiners dont sell. Hold it for 5 yrs. see how much it is worth. you dont understand btc

[pattayasan]

2 minutes ago, ubonr1971 said:

Bitcoiners dont sell. Hold it for 5 yrs. see how much it is worth. you dont understand btc

 

I'm not holding anything that goes from 65k to 15k. Thanks for the advice anyway. Good luck.

[ubonr1971]

1 hour ago, pattayasan said:

 

I'm not holding anything that goes from 65k to 15k. Thanks for the advice anyway. Good luck.

but what if it goes to 300,000....  People like you should just put their money in the bank and earn 1.2%

[connda]

Is Bitcoin going to zero?

 

Nope.

[pacovl46]

On 11/12/2024 at 8:57 AM, arithai12 said:

You start with "because" as if you are providing an answer, but actually you missed completely the question, which started with "if you like having more money ". Of course precious metals, gold in primis, are stable and the correct solution for a doomsday scenario. But after ten years (say) of owning gold, you are left with more or less what you started with - when you factor in inflation. So solid, stable, but not an answer to "having more money". 

😂😂😂 there is absolutely no guarantee whatsoever that you will make money with bitcoin or any crypto for that matter! Bitcoin is pretty much the most volatile currency that exists. Just look at the graph!  Lots of people lost a lot of money on bitcoin. It's pretty much impossible to lose money with gold, if you see it as a long term investment.  If you really want to make money you need to invest in real estate! 

[arithai12]

On 11/14/2024 at 3:39 PM, pacovl46 said:

😂😂😂 there is absolutely no guarantee whatsoever that you will make money with bitcoin or any crypto for that matter! Bitcoin is pretty much the most volatile currency that exists. Just look at the graph!  Lots of people lost a lot of money on bitcoin. It's pretty much impossible to lose money with gold, if you see it as a long term investment.  If you really want to make money you need to invest in real estate! 

When did I say that there is a guarantee? Like all investments with high potential for gain, there is a risk of losing. It all depends when you step in and when you want out. And by the way, real estate can lead to losses too. I simply said that your answer "invest in gold" is not a way to make money, which is what the person you were replying to wanted. But we are beating a dead horse, goodbye.

[pacovl46]

22 hours ago, arithai12 said:

When did I say that there is a guarantee? Like all investments with high potential for gain, there is a risk of losing. It all depends when you step in and when you want out. And by the way, real estate can lead to losses too. I simply said that your answer "invest in gold" is not a way to make money, which is what the person you were replying to wanted. But we are beating a dead horse, goodbye.

The guy wanted to know why I would invest in gold rather than bitcoin, if I want to make more money. Gold is stable, bitcoin isn't. That's all I'm saying. If someone like Elon Musk would give a statement tomorrow, saying he doesn't trust bitcoin and sold all of it, bitcoin would crash over night. If you want to invest your money in something that can be manipulated that easily by just one person then go for it.

 

Yeah, you can lose money in real estate, but the chances of that happening, if you ibuy houses or condos you can rent out are very slim.