Quote from: mendace on Today at 09:51:26 PM

Quote from: Bushdark on Today at 07:16:01 PM

Bitcoin investment should never be seen as a major source of our income or else we might have some problems when the price going bearish and we are not able to make gain that will still make our portfolio to be intact. Just like cryptocurrency and how risky it is, Bitcoin investment is also very risky and we should always have other options for the inflow of money so we are not going to be bothered about the market volatility which could make us to sell part or all our Bitcoin when the market is going bearish.

The best way to invest in Bitcoin is to buy and hold for as long it will take the market to go bull for us to make extra profits from our holdings. The rich are the ones that are always making good profits from the market because they have enough to invest and enough to put in other investment putting there eggs in different baskets.

No one should invest their resources in a single asset but should diversify in multiple ways, bitcoin cannot be a source of income by itself but can become an excellent investment base thinking about the future. As I have already said elsewhere, I am no longer thinking about the price pegged to the dollar.

Dont put all your eggs on one basket, and this had been the golden rule when it comes to investment field or world.