Post
Topic
Board Bitcoin Discussion
Re: There's no lottery ticket in Bitcoin, it's a savings account
by
davis196
on 10/06/2021, 05:24:35 UTC
Don't buy now with your money and put it all into it to get rich.

Put a little each month, no matter the price. You would want that for your children and grandchildren.

DCA is the solution for not being able to get swindled when China bans bitcoins again.

No matter how long it takes, it will pay off. You won't lose your home or have to move back into your parents' house

Why do I feel that many people believe,that the Bitcoin price is guaranteed to hit 500K or 1M USD in the future?There is a chance for the BTC price to reach that amount,but this isn't guaranteed.
You you want to become truly rich,just build a successful company or get a high paying job,save more money and diversify your assets.
Investing all your savings in Bitcoin doesn't seem like a smart move,because the price might drop significantly and you might get trapped into the panic selling trap.
I'm not hating on Bitcoin.I'm just saying that proper risk management is always needed.