Post
Topic
Board Beginners & Help
Merits 2 from 1 user
Re: in my opinion don't buy crypto at high prices
by
Ndabagi01
on 13/02/2023, 22:48:17 UTC
⭐ Merited by 348Judah (2)
I want to ask everyone?
what do you think causes people to behave like that, namely always buying at high prices,? but when the price is cheap he doesn't want to?

Who doesn't want to buy low when the price is low or sell high when the price is high?
OP, I believe you lack prior knowledge of the cryptocurrency market's volatility. Do you believe the market fluctuates in its trend because of speculation? Whether you're investing for the long or short term, you'll almost certainly lose money; just keep that in mind. The only time you may not experience loss is during a bull run, which is not yet underway.

If you buy Bitcoin, you don't need to worry about the price because you only need to hold it for next few years, there's a high chance Bitcoin will create new ATH and you will make profit even though you buy Bitcoin at the previous ATH.

Specifically, bitcoin is distinct from all other cryptocurrencies. As long as you don't panic and sell it, 1BTC will always be 1BTC.