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Jimmy_Bison
Have I missed the boat?
So I’m thinking of investing in Bitcoin but the problem is I’ve had my eye on it for a while now and it’s not moving very much. Is there a boom or a drop predicted any time soon?

Thanks in advance.
+8
pollypuff20
You need the mentality to ride the volatility. The press love to deride btc when prices drop 10-20% but that’s just another normal day in the crypto-verse! The fact that forecasting asset based values are so often wrong, forecasting crypto is basically nuts. If I had to predict anything it’s this: the rich are going to do far better out of crypto than the man in the street....
howlateisnow
yes but the hovercraft departs in 15 mins
+3
Fukog
Btc is becoming a ‘gold’ for crypto, they aren’t related in the same way as gold/silver but that’s its position now. Basically BTC is slowly becoming inefficient to spend with due to high fees in periods of volatility and as the price increases, so do the fees. I have no doubt Btc will hit 100k/coin in the next handful of years

Tesla bought it, Apple bought it (I think), visa are planning to integrate Btc into your bank accounts and ApplePay made a deal with bitpay which will allow you to use Btc in the same way you do your card.

I said all this to say, if you’re gonna buy it and hold onto it for at least a little while then I think go for it. I feel lots of small cryptos will benefit from BTC reaching this gold/long term status as those with faster payments and lower fees will get bought more.
+2
Parkedman
BitCoin is a terrible medium for buying items!! It is like Weimar Germany, prices increase over night due to currency fluctuations, 4% in the last twelve hours!
+2
admiralBishop
if the mark had performed like bitcoin germany would have been rich and ww2 avoided.
+1
DrShroom
i think there were other factors but thats a nother story haha
+2
bigorre
When I discovered LB back in January, I also discovered how to buy Bitcoins. At the time, I ended up buying £3 worth of Cardano. Why? Completely at random because the coins were very very low and I thought why not... I'd forgotten about those until today when I realised they had risen by 500% since. Wish I'd invested £3000 instead! Some say it could reach $10 within a few years.... It's currently on $1.13... Who knows if it's worth investing in!
+1
MightyRux
This must be very old. I have £500ish that was bought at $88k, and now it's tanked. New suggestions are that it could drop to $44-54k at the lowest reset point. Probably want to buy then... No idea why I'm offering this advice when I almost always lose money trying to buy on here and hold in a wallet between buys.
+1
DrShroom
privacy tokens could be big in 2026 but their will also be head winds from regulators. the frontline between the core ethos of crypto punks and regulatory control will be slugged out here imo.

if you have soem spare cash. wait until EVERYONE is saying crypto is dead and then buy some and leave it for two years and then have another look at it.

99% of the people that say they would have been rich if they held their bitcoin at $1 would have had to survive several cycles of bull and bear. they didnt
+1
Jonnyutah
Timing the market is hard. When btc was 36k I took 25% out expecting a pull back then again at 44k and it just hasn’t happened yet. Lots of people are expecting btc to hit 100k by the end of this year and eth 10k... if you’re holding long term go for it and don’t worry about the volatility.

Not crypto related but any one get on the wallstreetbets shit with gme?
+3
Jimmy_Bison
A friend of mine did but entered around 280. I thought about joining him but I felt I was too late so I looked for the next big thing. Dogecoin. Just left that with £400 profit, got in around early 2p and left late 4p.

If you ask me BTT is going to be huge (not financial advice, I’m a retard) and it’s dirt cheap at the moment.

Good luck biggaz.

Ps. My tip is to join Reddit, join your crypto subreddit and monitor the hype, not the charts.
+1
Petitefleur
That last part is very good advive
+3
Nickm
Speculating on Btc isn't investing. It's gambling.the usual advice regarding gambling applies- only bet what you can afford to lose.
+2
Jimmy_Bison
I couldn’t have put it better myself. I said roughly a year ago now but I do stand by the hype comment.
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