Post
Topic
Board Economics
Re: Newbies panic & Old timers smile, when the Bitcoin price take a dip.
by
Sled
on 01/09/2018, 01:15:34 UTC
Many new people on this forum are so focused on ranking up on this forum, with the visions of making tons of money from Bounty and Signature campaigns, but when it counts the most, they tend to drop the ball and they lose out on the biggest profits.

My advice to the newbies out there is to forget about Signature campaigns and Bounty campaigns and to concentrate on the things that will help you to make the biggest profits. You should acquire as much cheap bitcoins as you can, during a dip, because you will never know if that price will be the lowest price that Bitcoin would be sold for in many years.

In early 2017, the Bitcoin price was around $1000 and everyone was saying it was over valued, well they were wrong and most of the old timers just kept on buying more coins. The end result... The Bitcoin price went up to $19,000+ and we made huge profits.

So, please shift your focus on the Dip to something more positive. A dip in the price should be welcomed, because it gives newbies and old timers a opportunity to buy more cheap coins.  Cool

Buy the Dip and Sell on the Spike for the highest return on your investment. No Signature campaign or Bounty campaign can beat a 800%+ increase in the price.  Wink
Not a bad advice but at the same time the price of bitcoin is so high right now that there are not many people around the world that can just buy several bitcoins and not affect their finances in some way or form, so all of those newbies will need to take higher risks if they really want to obtain profits in the future that are significant with a small amount of capital, and most the time that means investing in icos.
Taking higher risks are very worth it if you know what you are doing but if you are just a newbie then you should not taking higher risks because there is no assurance or any future vision that you will see that you will be making money so it is better for you to study first and invest in knowledge before engaging yourself in a higher risk.