Post
Topic
Board Bitcoin Discussion
Re: Can you consider yourself as a risk taker if you buy bitcoin?
by
salad daging
on 09/04/2023, 19:38:06 UTC
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.
Obviously in some media we often hear how the potential for bitcoin will increase in the future but that's not enough. We have to have fundamentals if we want to start investing in bitcoin and do good management and always anticipate not to panic or get nervous when the price drops.

It's true that we have to know what we are doing with the investment and don't just follow people who do it while we ourselves don't know how bitcoin works in the market, including falling prices which are called crashes or bearish, often they only think about profits and forget about risks what happened later, I know that investing in bitcoin is indeed good with high profits, but we must know from everything that is said that it is not easy, and they must know if they want to take this step.