Probably one of the most common advice I've heard when it comes to investing in bitcoin; and I've used it a lot of times too. But honestly, in our current situation where fiat is getting printed like hell, I started to use that statement less and less. It just seems that holding bitcoin is now totally necessary.
Don't get me wrong, we should still be heavily educating people when it comes to proper investing in general with DCA-ing and probably not going all-in on one go and stuff, but I think bitcoin is a lot less risky of an investment now compared to the past few years despite it still being volatile.
Investing in Bitcoin still remains very risky business for anyone to do. Yes we do know that the government are now printing a lot of Fiat, but that doesn’t really change anything at all. So, if you are investing in Bitcoin you still have to be very careful and take calculated risks. So far you can see that the price has dropped, we’re not yet sure that we are going to be seeing an increase before the year runs out.
Though we have seen a lot of predictions coming from analysts who believe that the price would go on before the month of December runs out, or maybe early January. The last time we had a major bull market, which was the last time that Bitcoin was halved before now, we also saw the price increase around December , so I believe that is why a lot of people are saying this now. But, I’m always positive.