Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: Today is the story of my investment in Bitcoin
by
tjtonmoy
on 06/04/2023, 20:29:35 UTC
⭐ Merited by JayJuanGee (1)
~snip
It was a very bad idea and approach in Bitcoin investment. I know you have bought at a good price point, and now you are in green. But still. With borrowed money? People always say, "Don't invest what you can't afford to lose." and yet you chose to borrow money from others. It would be wise if your own money percentage was higher, and you borrowed less from others. Like 75% to 25% ratio. That way, you could have repaid them by now. And also one beginner mistake you made was, you put all your money at one buy. Learn to DCA. Market is uncertain. You could have made more profits that way.
But what done is done. Hope you learn from your mistakes. Good luck with your HODLing. Hopefully you'll be able to pay them back at your promised interest.