Post
Topic
Board Bitcoin Discussion
Re: Bitcoin current situation
by
gundala
on 07/04/2020, 21:44:07 UTC
~
If you know bitcoin for 3-4 years you know we had many pumps/dumps even worst than this. For example, a few years ago after closing BitInstant, bitcoin stopped trading and the price fallen down like hell. some people sold their bitcoins for a real low price and lost too much money with selling too cheap. Everyone said bitcoin is over and here it is! Today you sell/buy it for 6K USD.
Sooner or later... Bitcoin price will rise and having one single bitcoin will be a dream for other people.
This is the importance of understanding what you will invest. Don't just be influenced by FOMO and investment invitations that bitcoin can bring in a profit, then you join without adapting first. That is very fatal. Moreover, the cryptocurrency market is very dynamic.

Experience and strategy are needed. Not just relying on feelings, it will increase the risk.