Post
Topic
Board Bitcoin Discussion
Re: bitcoin is a hard investment for the working class
by
audaciousbeing
on 19/03/2018, 10:36:27 UTC
if you had invest in bitcoin, would you follow the price every couple hours? if you had a job you would be more focus on your job than whats on the screen of your phone. you would be fired from your job? maybe. investing in bitcoin is hard on you everyday at every time. 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. invest what you can afford to lose. investing in bitcoin for a person working an 8 hour job is something else. i think thats why the price havent risen lately because people are more worried about their job than investing in a volatile market.

Being a worker and investing or trading in bitcoin should be seen as a strength and not the other way round because with that, your source of living is not solely dependent on bitcoin which would made some not well informed decisions to be made. A lot of people fall into that category including myself and that is why when price is falling, I am not too perturbed because my cost of living is taken care of by other sources of income. I buy when I am comfortable with the price and also when I want to sell. Moreover, there is enough time to check what is going on in the crypto world if there is need to make a quick decision. Price increase or decrease dont happen with the speed of light.