Post
Topic
Board Bitcoin Discussion
Re: How reasonable is it to invest in Bitcoin in the current situation?
by
24Kt
on 23/11/2021, 21:11:29 UTC
At the end of the year, we do not see much progress in the market. The market is still in a correction mode. Meanwhile, the market has been in the same position for a few days. How reasonable do you think investing in Bitcoin now in this situation?
If the current bitcoin situation confuses you, don't do it, don't value bitcoin in the near term to give you a profit, but look at bitcoin for the long term as it will give you good returns.

because a correction or whatever happens to bitcoin that has already happened will definitely happen again and so on, but eventually it will rise again from the previous high price for the long term and return to a correction or whatever and so on.

First, he needs to be a believer of bitcoin because it is hard to invest on a certain thing if you have no confidence towards its existence. Because slight fud in the market and he may panic and sell it at a loss. You will find a lot of reasons to invest in bitcoin if you are already long time crypto user. But if you are just new here, he may still be confused or not convinced about the capability of bitcoin.