Post
Topic
Board Economics
Re: Is risky to invest this period
by
Obari
on 08/06/2023, 23:42:06 UTC
From the look of things bitcoin price will not come up soon, I guess is better to hold on till when it will show strong signal before putting in money again to escape losses and people who their investment is long over due are already victims of the Price dropping. We should try to be careful this period that bitcoin has not direction. Imagine a friend investment $2000 but what is currently left in his wallet is $400, and the deep is still bearing down the nuds.

Hold on, but if you must buy now be wise to use spare income.
Great advice but instead of waiting  to get very strong signal to when the price is ready to rice is a very wrong advice as that's just a typical a day trader's mentality which isn't right for aong term holder.
Instead of your advice I think k anyone wanting to buy forong term sake shoukd do so with a reasonable amount of money and be ready to bear all the risk and not do so with a relatively very low capital and just ooo for a better deep to buy to hold for the stipulated time.
Bitcoin is a risk investment  and digital  asset and anyone getting involved ground be ground in  the mentality that there is a loss and a profit and these things are made possible  by the volatility  of bitcoin.

My advice  is that we should  make sure we invest only the amount of money we can afford to lose rather than let greed drive us into unnecessary mess.