Post
Topic
Board Bitcoin Discussion
Re: Buying cheap is best formula
by
rby
on 22/03/2023, 12:13:31 UTC
This period do not encourage trading or investment but at the same time when price is down is good opportunity to buy cheap and when its explode you will gain it. Nothing is lost in bitcoin, those holding for long now are the great benefactors but if you buy this period is more safer.

If I have money now, I would buy half of bitcoin because in next three months it will double the current price. This is real because it always occur this way after 5 years remember in 2011 and 2017 from the market charts and caps. And this year will break more even.
Buying cheap and selling high is the real formula of Bitcoin. There is no doubt about this, but there is always some kind of difficulty in knowing where exactly is the low price in order to buy cheap.
And also it is not always easy to know where there is the highest price in order to sell and make profits.
Some people will still not sell their bitcoin even when they make X10 and they will believe that bitcoin will explode the more. In the process of waiting it may begin to decline in price.
However, I am not very sure that bitcoin will increase in the next three months to the level of doubling or tripling.