Post
Topic
Board Bitcoin Discussion
Re: Positive thoughts and attitude towards Bitcoin.
by
Mauser
on 16/07/2023, 14:32:04 UTC
From the time I studied in class eight, I used to take money from my father, uncle, elder brothers on the occasion of religious festivals. After few years I kept saving money and with the saved money I started a quail and pigeon farm. After two years of service I got a fairly good benefit from them. One day I got to know about Bitcoin by meeting an elder brother while visiting a place. After learning about Bitcoin, my curiosity increased and gradually I tried to learn more about Bitcoin and became attracted to Bitcoin. A few months ago when the bitcoin market was 17 thousand USD I invested 80% of the dividend in the bitcoin market and I still hold it. When I do any work, I trust the right thinking and decision of my own morale towards that work. I think Bitcoin will be more valuable in the next few years and maybe it will reverse but I have confidence I hold it. When investing in something there is always risk involved. I think risk is the possibility of gaining or losing something valuable.

For me risk is the reason that makes investing and trading interesting, without it there wouldn't be a chance to make large profits. Risk allows us to earn extra returns compared to the risk free assets. People who don't want to take risks leave their savings in the bank and earn a small interest on it, or leave it as cash at home for no interest at all. Due to inflation we need to invest, otherwise the value of our money will drop over time. Crypto currencies offer a lot of opportunities to invest in, especially bitcoin has proven over the years to protect it's initial value while giving good upside potential. As long as we only invest money that we don't need at the moment we don't face any long term risks in my opinion. The problem comes when we expect certain returns and rely on them, this could lead to us being forced to sell at unfavorable times.