Post
Topic
Board Economics
Re: Bitcoin investment
by
TheUltraElite
on 16/08/2021, 05:33:19 UTC
There is nothing wrong with it actually but at least consider also the negative side of it too Smiley. What if it doesn't go the way you want to be are you ready for it?? If yes then just buy today or anytime that you want if you're ready whenever the worst situation happens. If you thinks that Bitcoin will go to $100,000 this year then buy at all cost because after all if it hit that price then you will be at a huge profit. Just be ready if Bitcoin went down below your buying price. Know to hold and be ready when it needed the most Smiley.
I think the key point here is not be stubborn with any investment, that is to say allow your emotions to make your trades. If bitcoin does drop, one should keep the funds ready at hand to buy at the low because otherwise this becomes a missed opportunity.

If bitcoin would be going up, dont buy right now - because at that point both up and down can happen. Rather hold on to what you have bought at that
low and sell it when it goes up.

Meaning that buys should be done only on the lows and not when the market is going sideways and stagnant.