Post
Topic
Board Bitcoin Discussion
Re: bitcoin is a hard investment for the working class
by
talkbitcoin
on 19/03/2018, 09:53:02 UTC
if you had invest in bitcoin, would you follow the price every couple hours?
you only do this if you are a day-trader and it is not called "investing" in bitcoin it is called "trading" bitcoin and it is a very different approach with a very different strategy!

Quote
it can fall down to 1000$ in 2 hours if you dont pay attention to it. if you wanted to sell before that big dip but you cant because you are at work.
then don't "trade" bitcoin. nobody is forcing you anyways. invest in it if you are so interested and enjoy the long term returns instead.

besides trading is not just every minute trading. it can be on a longer period and based on your speculation. and you don't have to watch the price if you know how to speculate! if you feel the need to monitor it 24/7 then it means you do not understand how trading works.