Post
Topic
Board Bitcoin Discussion
Re: The most important part of investing in bitcoin is timing.
by
cocoadreamboy
on 10/07/2019, 17:04:30 UTC
I disagree, as an investor the most important part of investing in bitcoin should be patience, timing comes second. Timing only plays a major role or works when you're a trader or speculative investor, investing for just a short period of time. For example, we have bitcoin enthusiasts who did invest when bitcoin was around $400-$1000 (you can call that perfect timing) but today due to lack of patience most of those investors don't have a single bitcoin due to impatience some might have sold at lost or little profit. As it's commonly said, "investors don't wait to buy (timing), they buy and wait (patience)".

So instead of using timing numbers to know the perfect entry point, you are claiming people who bought a single bitcoin at 20K in 2017 simply need to be patient EVEN MORE. lol They could have bought 6 bitcoins and a vacation if they had waited until December Wink

Patience gets you one over-priced bitcoin, timing gets you 6 bitcoins and a vacation Smiley I know what I would choose.

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