Post
Topic
Board Bitcoin Discussion
Re: Bitcoin is an investment
by
Insanerman
on 03/02/2021, 20:12:53 UTC
I bought a bitcoin what 0.0003 BTC last year November with only money that left with me when I finished my program and named it investments, many of my friends started laughing that my money has gone and bitcoin will fall and is out of surprised bitcoin moved to 19k, 20k, 30k and 40k, so I'm excited for having double of my btc within some months, I want to know if I will sell it or withdraw it, because is a investment money not for spending.

This is a critical mindset. Yes, you can see that bitcoin andd other digital currencies to be an investment and not for expenditures. But keep in mind that you must also balance on things you would invest on. Yoou shouldn't all in in a single currency. Invest not only in crypto, but also in stocks, in mutual funds, in certain insurances etc. Don't ever be settled to the promise that Bitcoin would moon. Yes it would be, but there are also possible disasters and events that you need money as an assurance. Yes, you can buy more in the future when you invest more and more today.. but you cannot have any future at all if you don't have any insurances at all.