Post
Topic
Board Speculation
Re: bitcoin circle with simple words ?
by
South Park
on 04/02/2022, 18:09:38 UTC
i dont want to lose money from profits not from my capital.
you think it will go more down the price from it is now ?
You should sell your bitcoins and get out because of a couple of reasons.
First is that you apparently invested more than you could afford to lose, which is the worst thing you can do when it comes to investment specially in something as volatile and new as bitcoin.
Second is that you invested in bitcoin without doing proper research and trying to come up with some sort of understanding on your own so that you don't have to ask such basic question as wanting others predict the unpredictable. In other words you don't invest in bitcoin because you think tomorrow price isn't going to drop, you buy bitcoin because you see the long term potential of it or see the usefulness of the utilities it provides.
This is very common among newbies, they read there is this asset called bitcoin which can produce huge profits and then they invest in it, however they do so without understanding what are the ideals behind bitcoin, why it exists, why it moves the way it does and why it has so many political opponents around the world, then only once they begin to see that things were not as easy as they believed they begin their research, but by that time it s too late and they have already lost money that most likely they have no chance to recover.