Post
Topic
Board Bitcoin Discussion
Re: Opportunity to buy
by
Lorence.xD
on 03/06/2023, 10:38:53 UTC
. I know some will kick against my tips but what's your reasons?

No one will go against your advice because what you say is absolutely true, but what I suspect is that many people won't do what they agree with you on. Many people are expecting a bull market this year, which shows they don't want to buy more or accumulate more bitcoin. So I don't believe they will continue to buy when the price drops further.
I have the same opinion as you and I also think that many people will disagree with my thinking. But as a long-term investor and will only sell my bitcoin when it hits $100k or more, I don't expect a bull market any time soon.

No one literally since we all have different ideas and thoughts on how we should start investing in this time of the year. We have different goals on how to handle the volatility of the crypto some would disagree since they might doing some quick flip from it but for a long term investment this is actually a good idea. But hitting $100k is a long way road it might take literally years before it reach the half of $100k. So in those year you probably need some alternative money so you won't use the investment you planned for a long term. I also planning to have this but maybe I'll sell few as a treat for myself.