Post
Topic
Board Economics
Re: Is risky to invest this period
by
Sakanwa
on 22/06/2023, 14:34:11 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.
It's very wise to invest in Cryptocurrency with money you could afford to loose incase of lose or drop in price of bitcoin, and also there's no best time to invest in bitcoin currently my reason is that bitcoin is likely to reach an all time high in 2024 as predicted and it just increased from $25k to $30k days ago So those that missed out on buy the Dip can as well buy now or wait for a drop In price to buy.
 According to the your post, you stated that bitcoin will not come up soon as at march and I guess the price was not close to $30k when you made such statement, so with the current rise in price I guess that has cleared your doubt, but I agree with you when you said everyone has to be careful when investing cause no one can  predict the price of bitcoin since it's a decentralized currency.