Post
Topic
Board Bitcoin Discussion
Re: Can you consider yourself as a risk taker if you buy bitcoin?
by
Inwestour
on 09/04/2023, 14:44:37 UTC
It is true there are many people who buy Bitcoin only because they hear a lot about its potential price increase,  from their friends and on social media, however even such investors are likely to make good profit if they buy in bear market and continue accumulating it on every major dip and wait for the return of bull cycle when their investment decision will reward them with huge benefits.
It will not be enough just to hear somewhere that bitcoin is constantly growing in price. To benefit from investing in bitcoin, you need to understand the asset, when to buy it, then do not sell if the price starts to fall after the purchase, in addition, this fall can be very significant 30% or even more.

To do this, you should study bitcoin well, since only conscious investments can bring profit, because there will be a lot of psychological pressure, especially on inexperienced investors. The market works in such a way that profits will be received by those who are able to assess all possible risks, those who understand what they are doing and believe in the asset in which they invest, without this it will not be possible to get a good result.