Post
Topic
Board Bitcoin Discussion
Re: Buying cheap is best formula
by
mendace
on 29/03/2023, 22:00:10 UTC

Anyone who has a good understanding of how Bitcoin works knows that investing in other cryptocurrencies, including Bitcoin, is risky.  Which a bitcoin investor must accept. And investing in Bitcoin carries high risks as well.  So is the possibility of higher profits is also soo big. So if you want to achieve something big, you must take risks

I don't really agree with what you're saying, first of all we need to clarify that when you decide to buy Bitcoin it's not an investment where you have to expect an economic return, because if this is what you expect you should look elsewhere.  The only wealth that Bitcoin can give you is financial freedom, keep that in mind.

If, by buying bitcoins, you don't expect a financial return, then what are you buying it for exactly? What do you mean by financial freedom and how are you going to achieve that if Bitcoin stays where it is price-wise or drops significantly?

You're not just throwing empty phrases around, are you?

Do you think they are empty sentences?  My choice towards Bitcoin is not focused on an economic return, I don't expect to have put 10 and get 1000 back but rather as Nakamoto writes this is a form of peer to peer payment and you have to conceptually disengage yourself from the counter value towards Fiat.  What you can achieve with Bitcoin is far beyond its value today, but this philosophy needs to be assimilated over time.