With what’s been the case in the cryptospace about bitcoin, it’s so easy to advice someone not to be too scared on a bitcoin investment. What needs to be gotten right is the means to purchase, storage media and the individual having to get his or her purpose for buying just right.
Bitcoin have proven in over 13years to be the only cryptocurrency with an assistance on it for its investors and this is what many bank on, it’s true decentralized nature and all as an investment for a long term to guarantee profit. Even still, your better holding than selling as, it’s just a decade on it. What will the next decade and the one after that hold for the currency.
Truly Bitcoin has proven to be the best investment, gone are days when people were not sure and skeptical about Bitcoin and by then people had the opportunity to utilize it by buying even as little as they could but they were not sure of what will become Bitcoin in the future and now they are full of regret because they realized how potential Bitcoin is now because they have seen that the roadmap is very clear and transparent with a good potentials, the only way to fully enjoy investing on Bitcoin is by holding because as an investor our goal is to invest knowing the potential of what we are investing on and with confidend that it will yeld profits in the future, perhaps I view short traders as people who doesn't really no what is installed for Bitcoin in the future.
also there has been so many speculation about what the price of Bitcoin will be in a month or years, as an investor that knows what Bitcoin is all about shouldn't pay attention to price movement or speculation were as it could affect or change your perception on accumulating Bitcoin, a friend came to me for investment advice to educate him on a crypto to invest, I told him the only investment is Bitcoin and nothing else because other coins can fail but Bitcoin will never fail and as the matter of fact the growth of other coins depend on Bitcoin and that Bitcoin is not a get rich scheme were he will invest and expect a big return tomorrow, on the contrary you tend to enjoy Bitcoin if hold for long that's when you could see Bitcoin unveiling all it potentials.
It all depends on where an investor keeps his hard-earned money. I think people who will pay attention to this thread and try to understand how important it is to invest in Bitcoin, how safe it is, where it can go in the future, why we should invest in Bitcoin, how we can grow our holdings through DCA and acquire a reliable knowledge on the whole thing which will be able to secure his future.
I encourage some of my friends to invest long-term in addition to just raising awareness about Bitcoin. It also gives an idea of how profitable investing in Bitcoin can be over the long term rather than keeping money in traditional banking systems. Not everyone there supports me but I managed to convince some of them.