Post
Topic
Board Bitcoin Discussion
Re: why are you afraid of buying bitcoin?
by
isaac_clarke22
on 03/01/2019, 13:22:42 UTC
If someone is afraid to take risks in any business or business then you cannot do it.

Though I agree to some extent and I definitely agree that people should take reasonable risks, comparing the risks of buying bitcoin, a volatile asset, to starting a business is quite different. With a business, you have control with everything. If your business fails, you only have yourself(and your partner) to blame. With investing in cryptocurrencies though? There's only so much a single person can do to positively influence bitcoin's price, especially as a person that's not a sort of celebrity or "influencer" in the cryptocurrency space. Even as a celebrity or "influencer" though? It's definitely harder to pump prices right now compared to back then.

True. I remembered an anonymous trader that bought a large amount of Bitcoin amounting to billions? or millions? I can't truly remember but it happened last year and it pumped up the price for a bit. The pump didn't last long and didn't reached quite too far, that's why it wasn't that kind of memorable history from Bitcoin but from what you had said it made me remember of this exact history.