MultiversX Tracker is Live!

Have realistic expectations for your crypto gains

All Cryptocurrencies

by COINS NEWS 269 Views

Lately I've been seeing people bashing Bitcoin because "it doesn't have enough potential for increase anymore." One person I encountered said Bitcoin was a bad investment because it had only gained 30% on the month.

Average stock market returns are 9% per year. S&P 500 is around 14% per year. Bitcoin averages around 400% per year.

This is a great space to make money (if you believe in the future of crypto, that is). If you're ready to hold for a while then you're going to be very happy with your returns, in my opinion. But if you think that the 50$ you put into a shitcoin is going to buy you a lambo next week, you might be in for a rude awakening.

The days of 100000% returns from Bitcoin are over, but that doesn't mean that we should look at 100% gains like they're dog shit. The people that bought Bitcoin in 2010 were taking a huge risk, and the fact that it took so many of us (including me) so long to get into this space means that we probably wouldn't have taken the same risk.

So if you're new to the space, don't be dissuaded by the "small" gains that the so-called "safe" coins (BTC, ETH) offer. They're good solid projects that will outlast most of the altcoins that might gain a bit more in the short term.

submitted by /u/tfren99
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments