Post
Topic
Board Trading Discussion
Re: Buy now or wait for Bitcoin?
by
drachman
on 17/11/2019, 01:22:48 UTC

It depends, if you have all the necessary knowledge and skills to trade then you do not need our opinion, do what you consider to be the best for you, and if that is not the case then you are not ready and it could be a good option to not get into this market until you are, it is understandable that you are excited to get in the market as soon as possible but those kind of emotions can be very damaging on the market, learn everything you need to know before you invest any of it and you will be fine.

If we are not ready financially, mentally, then it is better to be safe and not risking our money, especially if we don't have much, it's okay to take risk but it also depends on the situation, if you are just hoping that your money will be multiplied by 2 for you to pay debt or to buy things you want, then I think that you are not financially and mentally ready yet, so better to ask yourself first, are you ready to lose or wait for long term before investing.

Potential investors in my opinion get too excited to enter the market, even if we know the market can move really fast bitcoin needed more than a year to show any recovery, that is more than enough time to learn how to trade, from this moment to the next halving we have about 6 months and that is also a decent amount of time to learn how to trade, there is no need to rush your entry to the markets especially since a single mistake can be enough to suffer losses from which it is difficult to recover.