Post
Topic
Board Speculation
Re: To All You Guys Who Keep Telling Everybody to BTFD
by
The Pharmacist
on 21/11/2019, 23:11:46 UTC
Im still hesitant to buy and we wont know if this current price would already be the bottom.
Ah, that's the intestinal fortitude that's needed to make a good profit!  If you're confident that bitcoin is a solid investment (which reflects my opinion on it), it is times like these when it's time to buy.  If you're holding bitcoin now, especially a lot of it, times like these can make you queasy--and I totally get that.  I didn't think bitcoin would drop this much after breaking out above $12k but here we are.  Typical bitcoin behavior.

Be greedy when others are fearful. Wise words from Warren Buffett I will never forget.
Yes indeed.  Buffett is a great example of a person who's lived by those words, and look at how wealthy he is.  Not that he'd ever invest in bitcoin, but that's his choice and I respect that fully.  Right now investors do seem very fearful of where bitcoin is headed, but there's been no bad news and there's no reason why bitcoin has dropped as much as it did since yesterday.  Anyway, I still think it has more value than the market is giving it credit for and that it's a good bargain at the current price.