Post
Topic
Board Beginners & Help
Merits 13 from 6 users
Re: Should i take the risk or not
by
Upgrade00
on 11/07/2021, 20:17:38 UTC
⭐ Merited by pooya87 (4) ,DdmrDdmr (3) ,ETFbitcoin (2) ,Charles-Tim (2) ,SFR10 (1) ,hosseinimr93 (1)
If I purchase Bitcoin now, is their any way I can profit from it from now till next year May? I am planning of using the money next year for business.
This contradicts one of the popular rules of investment; only invest what you can afford to lose.
Investing funds you actually need (or would need in the near future) puts you in a tight spot as you'll be more likely to cut your loses at price drops.
Only invest amounts you can afford to lose, you could also DCA;
• Start a real life business
• Apportion a part of your regular profits to buying Bitcoin,