Post
Topic
Board Speculation
Re: How passionate are you buying Bitcoin now?
by
DanWalker
on 02/09/2023, 11:26:01 UTC
I have never been passionate making any investment than I am buying Bitcoin of recent. While a part of me is so optimistic that I am making the best decision with my funds, a part still entertain some fears. Well, I feel the aspect of fear is normal since I am not buying with 'spare money' as some people will call it... that concept of spare money does not really resonate with me as every penny I have is very important to me now.  

Actually, my little buys might not influence the price much but my joy is having Bitcoin and holding unto it with the believe I will be among those that will look back sometime in the future and congratulate myself for taking that bold step when some people were doubting and panicking.

I draw my inspiration from the saying: "you will regret more for opportunities you never took than those you took and they went bad"

Right now, I'm not that passionate about prioritizing buying Bitcoin. For me, holding Bitcoin should only be done if you buy a large amount of it. I am not the type of person who can be said to be in the middle class. I prefer to save other cryptocurrencies, knowing that they will give me more income compared to Bitcoin.

I'm not saying that Bitcoin is not a good buy, but my point is this: for example, if I bought Bitcoin for 100$ as an investment at its current price of 25k dollars each, let's say one bitcoin became 100 dollars each, so it will come out that my 100 dollars will be 400 dollars, and I got profit dollars, which is okay. Also, for example, if I invested 100 dollars in a Shiba Inu, when the bull run came in and kicked 0.0001 dollars, my 100 dollars could be 1250 dollars, so I earned more from altcoins. But this is just an example, because when the last bull Bitcoin's ATH was 69k$, the shib reached 0.00004$ almost, if I'm not mistaken. How much more if a Bitcoin reaches 100k$ more?

It's your money and it's your decision, we can't interfere. But when you do not choose bitcoin but choose to invest in altcoins, you will have a chance to get bigger profits, but you will have to take bigger risks. I am not against people investing in altcoins as long as you and they know what they are doing and are willing to accept the losses that altcoins bring. But I still advise you, you should not just invest entirely in altcoins without bitcoin in your portfolio. Don't ignore altcoins, but buy yourself some bitcoin to be more sure of your investment.