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RE: Bitcoin Crash Explained by a Bitcoin Millionaire.

in #bitcoin6 years ago

Great opportunity to buy. But if your capital is small, then it is better to buy other currencies, in my opinion. The maximum growth of bitcoin is 10-12 times. It will not give a big profit, if the initial capital is not large enough. I think to use those crypto investments, which today are inexpensive but have potential growth prospects. Not 10 times. And in 1000! Then even small capital can bring a solid income. For example, Neo or Steem. I think is a more profitable investment.

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10x profit is not "a big profit"? From what planet do you come? This I would call greed, and exactly this attitude is putting off many people from the crypto field, when they say, thats pure speculation but not a reasonable investment.
A small cap might bring you 1000x profit, but the risk is much higher that it eventually will go to 0.

Dear friend! You read my comment? I say have a small amount of investment. I live in a poor country and the maximum that I can afford for investment is about 30-40$. And of course with such investment bitcoin won't make me rich. Even if it will grow in 10 times. It will be nice and cool, but it will not be an impressive result for me. But if I invest the same money in something that still has more ahead of global growth, then of course the profit will be more global. And it will be really great result for my capitals. I believe that now steem is more promising investment than bitcoin.

I did, but what I said is not dependent on the amount you invest. Especially if you don´t have much to invest, I would advise to not go the most risky road. Such a high reward you are dreaming of has also a very high risk.

That is why I risk only the amount I can afford to lose. The market is always the risk that your investment will not be justified. But I'm here, I believe in steem, and that's why I choose it. With this currency, I am at least familiar from the inside, we all here are part of the lives of the cryptocurrency. Steem has many advantages, its capacity is high. I think that the best days to steem ahead.