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Having Bitcoin or Ethereum as a newbie isn& #39;t bad, but there are quite a lot of other coins that could give you a faster growth.
Eg Buying Bitcoin with 300k at a price of $54k now means it has to get to $108k before you get X2 of 300k.
I& #39;ll explain further.
A thread, #RETWEET
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🙂" title="Leicht lächelndes Gesicht" aria-label="Emoji: Leicht lächelndes Gesicht">
Eg Buying Bitcoin with 300k at a price of $54k now means it has to get to $108k before you get X2 of 300k.
I& #39;ll explain further.
A thread, #RETWEET
And when these coins get to $2, that& #39;s 100% growth and an easy X2 of your 300k equity if you had bought them.
So why wait long term for #BTChttps://abs.twimg.com/hashflags... draggable="false" alt=""> or $ETH to go X2 when you can grow your equity with other solid and less expensive coins?
Don& #39;t forget that what actually grows your
So why wait long term for #BTC
Don& #39;t forget that what actually grows your
account is not the price of the Cryptocurrency but rather the percentage increase.
Let me explain.
#BTChttps://abs.twimg.com/hashflags... draggable="false" alt=""> was $30k at the beginning of the year, and #BNB https://abs.twimg.com/hashflags... draggable="false" alt=""> was $40 then.
Now $BTC is $54k and #BNBhttps://abs.twimg.com/hashflags... draggable="false" alt=""> is $628.
Which do you think has increased more in terms of price? $BTC right?.
Let me explain.
#BTC
Now $BTC is $54k and #BNB
Which do you think has increased more in terms of price? $BTC right?.
But which do you think has seen much more growth?.
Definitely #BNBhttps://abs.twimg.com/hashflags... draggable="false" alt=""> because while $54k (current price) - $30k (Beginning of year& #39;s price) = $24k.
And $24k Ă· $30k multiplied by 100 is only 80%.
That is #BTChttps://abs.twimg.com/hashflags... draggable="false" alt=""> has only grown 80% from the beginning of the year to it& #39;s present price
Definitely #BNB
And $24k Ă· $30k multiplied by 100 is only 80%.
That is #BTC
so if you invested 100k into #BTC https://abs.twimg.com/hashflags... draggable="false" alt=""> at the beginning of the year you& #39;d have 100k X 80% profit which is 180k in total.
Now let& #39;s calculate for #BNBhttps://abs.twimg.com/hashflags... draggable="false" alt="">.
#BNBhttps://abs.twimg.com/hashflags... draggable="false" alt=""> at the beginning of the year was $40 right? And it& #39;s current price is $628.
Now $628 - $40 = $588.
$588Ă·$40 X 100% = 1,470%.
Now let& #39;s calculate for #BNB
#BNB
Now $628 - $40 = $588.
$588Ă·$40 X 100% = 1,470%.
You can see this shows #BNB https://abs.twimg.com/hashflags... draggable="false" alt=""> has had a much more exponential growth compared to #BTC https://abs.twimg.com/hashflags... draggable="false" alt=""> despite having a cheaper price compared to #BTC https://abs.twimg.com/hashflags... draggable="false" alt="">.
Now if you bought #BNBhttps://abs.twimg.com/hashflags... draggable="false" alt=""> worth 100k at the beginning of the year, calculating it now it would be 100k X 2 X 1,470 = #1,570,000.
Now if you bought #BNB
So which gave you more growth? The one with a better price growth, or the one with a better percentage growth?
Now you have your answer.
Like I said above, holding Bitcoin or ETH currently isn& #39;t bad, but for me I& #39;d rather prefer growing my equity faster through other Cryptos
Now you have your answer.
Like I said above, holding Bitcoin or ETH currently isn& #39;t bad, but for me I& #39;d rather prefer growing my equity faster through other Cryptos
and then buy Bitcoin or Ethereum with it later when I have a bigger equity rather than holding them currently when I don& #39;t have an equity suitable for that.
I currently think holding Bitcoin and Ethereum now should be for the institutions, whales and maybe dolphins who have huge
I currently think holding Bitcoin and Ethereum now should be for the institutions, whales and maybe dolphins who have huge
equities and not for the average trader (unless you want to hold them long term of course, because they& #39;re solid coins).
This is not a Financial advice though, just my opinion and I hope you understand my reason for it.https://abs.twimg.com/emoji/v2/... draggable="false" alt="🙂" title="Leicht lächelndes Gesicht" aria-label="Emoji: Leicht lächelndes Gesicht">
This is not a Financial advice though, just my opinion and I hope you understand my reason for it.
