Post
Topic
Board Bitcoin Discussion
Re: Investing in Bitcoin in Student Life
by
southerngentuk
on 15/07/2023, 10:55:19 UTC
The decision to invest in bitcoin or any other altcoin really depends on how passive and risky each investor wants to be. DCA can be a reasonable strategy for the small investor because it helps to spread the risk and avoid buying at high prices or selling at low prices based on market volatility.

When investing in altcoins, especially shitcoins, you need to be more careful. It can offer short-term profits with very high risk, but it also has the potential to lose your entire investment in a short time.

With the stability of bitcoin lower than other currencies, however, it still has value and profitability in the long run. The assessment of the risks and benefits of investing in bitcoin is based on each person's financial situation and investment goals.