Post
Topic
Board Economics
Re: Out of Reach
by
jaberwock
on 16/04/2021, 10:43:02 UTC
My understanding was that the target for the minimum amount of Bitcoin which most
people wanted to own was/is 1BTC in our current bull market that target becomes
more out of reach for the people who most need it.
If you’re going to keep waiting for when you’re going to own up to 1 bitcoin , then you’re going to keep waiting until it’s very late for you to get in the train. If you know very well that you want to one bitcoin then it’s best for you that you invest at the right time with whatever amount of money you have. What matters most is that the worth of the asset you own increases and as it goes, the money you have there will also increase.

I can remember telling my friend to buy bitcoin at the rate of $9000, and he kept telling that he would wait till Bitcoin drops to $1500 since what he had was $1000. But he never got that chance, and he’s regretting it now. Imagine if he invested that $1000 at the rate of $9000 or $10,000? That small $1000 would have been more than six times the worth by now.