Post
Topic
Board Bitcoin Discussion
Re: No late comer in bitcoin Investment.
by
Don Pedro Dinero
on 08/04/2023, 04:15:22 UTC
I will be showing the chat which shows bitcoin price history since 2010 to 2022, then you will know bitcoin is still going to pump hard.

I also believe that in the future the price will go up, as I think we all do in this forum, but you make the mistake of thinking that the future is going to be like the past and that is not necessarily the case. In fact, the price predictions for 2022 assumed that and then what happened was a disappointment, because the future often departs from the patterns of the past. The problem is that past price behaviour is one of the few pieces of information we have in the short history of bitcoin to base our predictions on.

In my opinion, when you enter is not as important as how long you stay in the market. I mean, many people know bitcoin very early and also invest in it, but they don't have the patience to hold and sell them early and leave the market. Those people also don't get big returns as many people think, while those who invest later but they persevere, have faith in the market and hold for a long time still get better returns. Bitcoin is a long-term investment, those who stay in the end are the winners. Patience is key when investing in bitcoin.

I get what you mean, but I think it is more important to have entered early, as the returns in the early years are always higher than later. This is the same for bitcoin as it is for Amazon shares. So, you are right that it is very important to hold on without selling but it is better to have bought early.