Post
Topic
Board Bitcoin Discussion
Re: Reinvesting on Bitcoin after losing
by
serjent05
on 10/09/2019, 15:18:18 UTC
Did any one of you lose money buying Bitcoin?

Probably those who are impatient and does not understand the Bitcoin market.  those who rushed into the Bitcoin market without doing their own research. Though I do not lose money in Buying Bitcoin but I do lose money on investing in different altcoin.

If yes, Did you again reinvest in Bitcoin after losing?

depends on the market situation and the coins condition.  If we are talking about Bitcoin, yes I will reinvest more to average my losses/expenses.  This is one of the strategy of those who bought at a high price.  So that when the price goes up, at least some of the amount the lost is recovered.

If yes, What need you reinvest your money on Bitcoin?

As I said it is to average the amount I spend in reference to Bitcoin I accumulated.  Aside from that, Bitcoin is very promising and adoption is still at an early stage and the market is not yet saturated.