Quote from: AnonBitCoiner on June 02, 2023, 07:00:10 PM

Quote from: Wong Gendheng on May 23, 2023, 07:58:23 AM

I hope the price of Bitcoin will soon reach $ 50k or 2x from the current price, the most expensive price I bought is around $ 56k and if selling at the current price of course I loses, I have also sold around 40% Bitcoin at $ 34k because I really need money , now I will hold and buy more before the pump occurs this year.

This is what the experts advise that don't buy at high price because market is not guaranteed about its success therefore higher price is best option for selling and not for buying of crypto. There is no doubt that bitcoin will soon rise but at the price which you have bought bitcoin is very high and it will takes time to recover such money easily.

You need money and you sell bitcoin with loss so yes everyone needs money in harsh situations therefore before investment thinks twice or more that the step which you are taking is worthy for you or not. Investment is easy but taking profit from it is not an easy task so you should be conscious about each and everything as future is unseen and crypto is volatile.

I think it's alright, you may need money if you invest into gold or stocks as well and they could go down too, there is no guarantee that it will not go down and we should all be expecting it to change one day or another. I know that it will be alright if we invest into bitcoin and it goes down and we suddenly need money as well, so we will sell when it goes down and that's an upsetting situation.

Yes, we do not want that to happen but we need to remember that same could have happened whatever we invested into hence it is not going to be an issue. But at the end of the day we should be all considering bitcoin as an investment that would be better than other investments, doesn't guarantee profit but it also doesn't mean that it is worse than other investments neither.