This year has proved to be quite fruitful for Bitcoin, as the cryptocurrency has gained almost 84% so far, making it the top-performing asset in the related market in the first quarter of 2023.
On Tuesday, April 11, the world's first decentralized cryptocurrency Bitcoin (BTC) has finally managed to breach the $30,000 mark for the first time since June 2022.
This latest rally definitely indic[...] Read more » Bitcoin surges past $30,000 for the first time since June 2022
Joined: Sep '19
Location: Peru
Age: 29 (M)
Posts: 6278
now buying a bitcoin costs almost 30 thousand dollars, this is a lot of money, in the future we do not know if the bitcoin could cost up to 50 thousand dollars as it did at the time.
Joined: Sep '19
Location: Peru
Age: 29 (M)
Posts: 6278
this is a very interesting, if we knew what would happen in a couple of years we would invest all our money, but as this is not possible, at least we can invest a few dollars to get profitability.
Joined: Jan '14
Location: Romania
Age: 45 (M)
Posts: 13836
it can be profitable if we invest something in Bitcoin and it will grow, but with digitization i don't think this will happen. Anyway, people will use this currency for a long time and that's ok.
Joined: Sep '19
Location: Peru
Age: 29 (M)
Posts: 6278
We do not know what will happen in the next few years; cryptocurrencies may or may not be the ones we will use, but what we should be aware of is how these currencies move.
"The Miraculous Rise of Bitcoin"??? I am laughing about it!! On 11 November 2021 the exchange rate was 68 998,602 almost exactly one year later (21 November 2022 it was 15 566,954 USD 1 BTC) Lost more than 75% of its value!! And we are now at around 30000 !!! I think many people are still at big loss!!
Joined: Sep '19
Location: Peru
Age: 29 (M)
Posts: 6278
that's why you must have a good management of your money, you must invest the money you are willing to lose, but most people don't do it that way, that's why they get losses, but you must always sell your cryptos for more than what you bought.
Joined: Sep '19
Location: Peru
Age: 29 (M)
Posts: 6278
I think that the cryptocurrencies where you can be sure that they will always be present in the coming years is bitcoin, usdt, litecoin, ethereum, etc are the safest, every year new cryptos come out but it is very difficult to invest in them, sometimes they disappear from the market.
The current Bitcoin price has been fluctuating over the past few weeks, with the value hovering around $28,000. The value has not been as high as it was in previous years, and we are still in a loss ratio. I think the value of Bitcoin may not be as booming as before. Despite recent fluctuations, Bitcoin is likely to remain a prominent player in the cryptocurrency market for the foreseeable future. As with any investment, it's important to remain patient and monitor the market trends closely. While you may not see immediate returns, holding onto your investment and waiting for the market to stabilize. It's all done in the long term. So don't try to get rich in a day.
Joined: Sep '19
Location: Peru
Age: 29 (M)
Posts: 6278
now bitcoin is expensive, we can not invest until it has a downward trend to be able to make investments in it, sometimes we rush is to invest and we can lose a lot of money in these cryptocurrencies.
Joined: Jan '14
Location: Romania
Age: 45 (M)
Posts: 13836
it is profitable only for those who paid a little money and took or will take a lot of money in exchange. Some people have made fortunes from him and i think they are satisfied. I hope you will also benefit from bitcoin.
Joined: Sep '19
Location: Peru
Age: 29 (M)
Posts: 6278
is profitable for all those who are willing to wait until the crypto rises to get profitability, you can talk about up to years being your money standing still to see if you win or lose, these risks are tinee to take in this business.
Joined: Sep '19
Location: Peru
Age: 29 (M)
Posts: 6278
That's right, no one knows the future, but sometimes we are guided by the trends of the history of cryptocurrencies over the years, I always hope that cryptocurrencies remain in force and take value.
Joined: Jan '14
Location: Romania
Age: 45 (M)
Posts: 13836
we all have to use virtual currencies if digitization will be universal and i think we can use something more bearable because BitCoin is quite valuable and many people cannot have deposits in this currency/
almost exactly one year later (21 November 2022 it was 15 566,954 USD 1 BTC) Lost more than 75% of its value!! 
