Quote from: kryptqnick on December 27, 2020, 12:04:09 PM

Quote from: UmerIdrees on December 26, 2020, 05:47:34 PM

I would like that all of us who do not have bitcoins, should buy $200 worth of bitcoins, keep it in some wallet and forget it. In five to ten years time you will thank me about this investment. Maybe most of the people will have their good retirement life if they just invest $200 worth of bitcoin today.

I'm pro-Bitcoin, but I really don't like the idea of buying at the ATH. It's a very risky thing to do, it goes against investing 101, and it's very likely to end badly. Taking the history of BTC price changes into account, I really doubt the price is not going to drop at least 30% eventually, and I think that a 50-60% drop is very realistic. And then it will be the Bitcoin FUD all over again with people feeling like they missed their chance and reluctant to buy at $10k. Then this $200 idea might be a good one.
I have some limited BTC which I don't sell and kind of always have in my wallet, so I'll just keep doing that.

I agree with this.

Buying in an uptrend means losing of profit if, yes, if you bought it in the peak. What I mean is when you bought Bitcoin in $30,000 and then you thought the price is going to hike up more but it suddenly hit the reversal causing your profit into a negative one. That's why being a FOMO with a plan is a must, ask for someone about the chart of Bitcoin, or ask here in this forum what's their price prediction before this year ends.

Wait for confirmation before buying to achieve the profits in the long run.

Cheers!