Post
Topic
Board Bitcoin Discussion
Merits 3 from 2 users
Re: Investing doesn't guarantee you to be rich
by
CageMabok
on 27/05/2023, 08:09:50 UTC
⭐ Merited by JayJuanGee (2) ,woez (1)
Investing itself carries risks. While investments have the potential to bring returns, they can also result in losses.
Investing requires time and patience, treated with prudence and rationality. Investors should conduct sufficient research and diversify investment risks to reduce possible losses.
What you say is usually done more often by novice investors because they still need caution and rationality and patience in achieving profits by using some precise strategies to reduce the risk of loss that may come suddenly. But for investors who have been around for a long time or who often invest in the long term, especially in Bitcoin investments, of course they have prepared things like the ones you mentioned from the start because besides they are very used to investing, they are also very experienced so they already know a way to make a decision after some more mature deliberation.

I support your statement this requires patience. usually happens and it works when the BTC drop occurs. to reduce the possibility of risk occurring it is true as you say but look at the reality in the market, if BTC just goes down a little. the others are really affected there are also 5x faster and for the rebound it takes a long time. But if you invest with BTC, I'm sure the feeling is much different and the effect isn't as strong as in altcoins.
Patience is only needed when the price of the assets we invest decreases, while for other sectors I don't think patience is needed because what is really or more needed is a strategy and how to store it. Because the investment that feels more enjoyable is investing in the long term, not just in the short or short term, which is almost the same as trading in the market. But apart from all that, I also agree with the application of patience in investing because this is an important point in investing in addition to several other points that must also be present.