A few days ago I saw a chart, and the data was quite interesting. In 2017, Bitcoin once surged by 1331%, and in the years since, I haven't seen a single increase of over 1000%. Comparing the two, 2024 sees the approval of Bitcoin spot ETFs and the election of pro-cryptocurrency Trump as President by the end of the year. What does this indicate? It suggests that before 2024, Bitcoin was essentially sidelined and not officially recognized.
Now, the situation is completely different. The entire cryptocurrency industry is still in the early exploration stage and has far from reached its ceiling. Personally, I believe there is a significant chance that Bitcoin will see a rise of over 1000% in the future.
However, recently on social media, I keep seeing some KOLs saying, "Bitcoin has no potential, it's already surged all it can, go buy altcoins." Honestly, I really can't understand this kind of argument. The altcoin market is very complex, and there are too many examples of project teams scamming retail investors. Why do KOLs push certain altcoins? Quite simply, they probably received promotional fees from the project teams. Such coins are suitable for short-term trading—buy in, sell out, no problem. But if you seriously want to do long-term investing or dollar-cost averaging, Bitcoin is the most reliable path, with relatively manageable risks.
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MetaverseVagabond
· 7h ago
Ha, it's the same old story. I'm already tired of KOLs cutting leeks.
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1000%? Overthinking it. Entering the market now is a completely different game.
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Being completely sidelined is too absolute. I think it's just that the market isn't ready yet.
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That's right, the water in altcoins is really deep. I know too many people who have directly lost money.
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Dollar-cost averaging in Bitcoin is indeed reliable, but you also have to admit that the current risks are not necessarily smaller than in 2017.
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Instead of hoping for 1000%, it's better to preserve your principal. That's the right long-term approach.
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KOLs pushing coins are just driven by利益, I agree with this logic.
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Those entering now are betting on政策, but whether they win or not is uncertain.
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Long-term Bitcoin is still stable, but only if you can保持 your mindset.
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The approval of ETFs has indeed changed the game rules, and that's true.
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SchroedingerAirdrop
· 7h ago
Damn, here comes the usual hype to cut the leeks again. KOL promoting altcoins is just taking money to do business, this trick is played out.
Honestly, BTC is the most stable, just dollar-cost averaging for the long term.
1000% increase? Let’s wait and see, I’m all in anyway.
Altcoins? Uh, forget it, too easy to get caught.
Official recognition really makes a big difference now, it’s truly different.
Short-term trading in crypto is just asking for trouble, sticking with old-school BTC is safer.
We’re not at the ceiling in the early stages, that makes sense.
Projects that cut the leeks are more than you can imagine, better to stay alert.
DCA into Bitcoin, sleep peacefully, no need to watch the charts all day.
This logic is solid, BTC is the final fortress.
View OriginalReply0
LiquidationOracle
· 7h ago
1331% That wave really can't be gone back to. Now you need to adjust your mindset for entering the market.
ETF approval is the turning point; official recognition changes everything. This time is different.
Those who are fooled by KOLs into buying knockoffs are basically here to send their heads and are tools for harvesting韭菜.
Dollar-cost averaging in Bitcoin is truly a free win; in the long run, there's no second way.
Those claiming Bitcoin has skyrocketed are just trying to get you to buy their trash coins—don't believe it.
They're still repeatedly confirming the bottom; 1000% is really not a dream.
Altcoins? I advise you to be more cautious; it's all a game of passing the flower around.
Bitcoin is justice; everything else is noise.
View OriginalReply0
NewPumpamentals
· 7h ago
Really, those KOLs who constantly hype up altcoins are basically just getting paid. Wake up, everyone.
View OriginalReply0
WalletDetective
· 7h ago
Agreed, Bitcoin is the true king. I've seen too many tricks of altcoins to scam retail investors.
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1000% increase? That's a bit ambitious, I like it. The prerequisite is truly understanding long-term logic.
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You're right, KOLs promoting coins are just a few routines; they get paid and then hype it up. I'll stick to holding my BTC.
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The metaphor of being put into the cold palace is brilliant. Now that the official embraces crypto, the landscape has indeed changed.
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Why do some people always advise me to play with altcoins? It's really annoying. I prefer to dollar-cost average into Bitcoin, gradually accumulating, and feeling at ease.
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Your analysis is clear, but a bit optimistic. Maybe 1000% is a bit difficult, but doubling is definitely doable.
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I completely agree, the ceiling in the early stages is still far away. Long-term holding of Bitcoin is a consensus.
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Those who keep shouting that Bitcoin has reached its limit probably don't hold many coins themselves.
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The approval of ETFs truly changed everything; only things recognized by the system are real opportunities.
View OriginalReply0
FOMOmonster
· 7h ago
Wake up, KOLs promoting altcoins are just taking money to do their job. Don't get cut.
A few days ago I saw a chart, and the data was quite interesting. In 2017, Bitcoin once surged by 1331%, and in the years since, I haven't seen a single increase of over 1000%. Comparing the two, 2024 sees the approval of Bitcoin spot ETFs and the election of pro-cryptocurrency Trump as President by the end of the year. What does this indicate? It suggests that before 2024, Bitcoin was essentially sidelined and not officially recognized.
Now, the situation is completely different. The entire cryptocurrency industry is still in the early exploration stage and has far from reached its ceiling. Personally, I believe there is a significant chance that Bitcoin will see a rise of over 1000% in the future.
However, recently on social media, I keep seeing some KOLs saying, "Bitcoin has no potential, it's already surged all it can, go buy altcoins." Honestly, I really can't understand this kind of argument. The altcoin market is very complex, and there are too many examples of project teams scamming retail investors. Why do KOLs push certain altcoins? Quite simply, they probably received promotional fees from the project teams. Such coins are suitable for short-term trading—buy in, sell out, no problem. But if you seriously want to do long-term investing or dollar-cost averaging, Bitcoin is the most reliable path, with relatively manageable risks.