Quote from: davis196 on Today at 05:24:35 AM

Quote from: ConnerDalfino on June 08, 2021, 06:55:11 AM

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.

What you say is true, even if it sounds very painful for some Bitcoin holders. Therefore I never give advice to buy Bitcoin with all the savings
we have, even to the point of selling other assets that we have just to buy Bitcoin. That's not a bad thing, but not the best step to take.
I always advise people to buy Bitcoin with the extra money we have, so if it doesn't turn out as expected it won't be stressful.
We live must always be careful in making decisions and always provide a backup plan, so that we can survive if the main plan fails.