Quote from: Ratimov on March 23, 2023, 04:04:54 PM

Quote from: Onyeeze on March 23, 2023, 03:43:45 PM

It's recently i know about Bitcoin and since i have noticed the important and kind of asset Bitcoin is , i have embrace Bitcoin to the fullest after making research of Bitcoin, a property was shared for me and i decided to sell half of the property to invest in Bitcoin, i have sold the property and i have decided to take the risk to invest for long term for Bitcoin after i notice that Bitcoin is an asset. The deal of investing my property money in Bitcoin has been done already.

Although bitcoin is an asset with a positive historical ROI, selling property to invest in digital money is a stupid decision and too risky. While I won’t judge your choice to trade a real asset for a virtual one, the internet is full of stories about how bitcoin robbed such investors of everything and they had to count the losses. Of course, if you fully understand what you are doing and have a financial airbag, then maybe such a transaction is not so high-risk. But of all the successful crypto users I know, none of them have ever sold anything in the real world to buy something in the virtual world. Usually such people do the opposite, buy themselves land, houses, cars, etc., from the bitcoin's profits.

Yes this is absolutely true, in my environment too, I have never seen anyone doing that selling their property to invest in bitcoin, not even the crypto influencers I know either I have never heard of them doing it. Except maybe the assets that are owned are useless and just a waste of money, then it is a reasonable decision to invest in bitcoin.

In principle investing in bitcoin must use extra money or money that we will not use for a long enough period of time, maybe you can think of money invested in bitcoin as lost money, because if money is money you are afraid of losing its value for sure it will be difficult to fight the trials that the market will give, there will be crashes, fuds, and prolonged bearish ones which might destroy the spirit of holding bitcoins which causes selling bitcoins at cheap prices due to mental panic attacks.

Quote from: EarnOnVictor on March 23, 2023, 04:16:53 PM

Bitcoin is undoubtedly an asset, only that it's a virtual kind of asset. Anything that has value and could be owned is an asset, which makes Bitcoin one of them. And for it to have a value of about $28,000 and be listed in the world's electronic trading means that it's a high-value asset that is tradable.

It's you that should plan your investment in this asset very well and will always be making money. Even if you do not know much about Bitcoin and trading generally, just be sure that you learn how to read the peaks and bottoms of the asset.

Then invest when it's always at the lower levels to maximize your profits.

Yes, bitcoin is an asset which will give you profit or vice versa depending on how to treat the bitcoin that you have bought, but the undeniable strategy for taking profits in bitcoin is to hold it for a long time to get a commensurate return.
yes the right time to invest in bitcoin is when the price is lower or is on a decline, but most people have doubts and fear when putting money into a bleeding market.