Post
Topic
Board Bitcoin Discussion
Re: bitcoin is a hard investment for the working class
by
acha1217
on 20/03/2018, 12:11:34 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.
I think that depend by ourselves, if we use bitcoin for short-term investment or trading, we should check it every time because we should know how the price of bitcoin in that time.This will disturb our main job, not recomended for people who have main job. because bitcoin can be drop so far in a minutes only. that so danger for you.
But if we use bitcoin or another coin for long term investment, we just need check the potency of that coin which we invest, because if that coin no have potency to reach high price in future for what we invest? and we can check the price every we have free time or when we take a rest while drink a cup of coffe. This so recommended for all people, employed or unemployed, because so easy to do this. But we should learn first about investment in crypto .