Post
Topic
Board Bitcoin Discussion
Re: So far so good with Bitcoin adoption on my side but I have question
by
QueenVera
on 30/01/2023, 09:23:42 UTC
Here is where I am confused, the present value of Bitcoin is growing, some said it's because of the Chinese New year Holiday aka Year of the Rabbit, since I got mine at 17,000 and 15,000 I feel it's wrong to tell these newbies to buy at 23,000$

What's the difference between $17k and $23k if you both hold and ride the wave upto $100k or beyond depending on what price Bitcoin has in store for us. It doesn't matter the price you buy your Bitcoin now as in the future we all will be in profit. The only time the price of Bitcoin matters is when you're a trader.
If your friends aren't buying Bitcoin for training purposes then I would advise they should get their hands on some bitcoin today. The price might be too high for you today but you can never tell if the price will drop lower than this or not. All they just have to do is not to invest money that'll be needed in the nearest future instead they should invest as much as they can afford to lose then hold unto their investment.
As an investor or newbies picking interest in investing, we should note that it isn't always about our entering point but how far is our patience the hold unto our investment for future gains.