~snip~
You call Bitcoin as being risky, yes it is... but still not risky as long as one understands how it operates. Your 1 Bitcoin bought at price 64k dollars and unfortunately the market experience dip and price becomes 15k dollars you still need to be acquainted on the fact that your 1 Bitcoin remains the same as of the former price as long you do not sell due to panicking, learning and knowing all this makes me feel Bitcoin is not risky at all except we are to look from the aspect of Bitcoin trading
The point you are making here is not to sell out of panic so that we don't feel the loss because 1 bitcoin is still 1 bitcoin right? and you say it's not risky at all? Indeed, at first glance there is nothing wrong with that, but do we think that we have to hold longer than we should? in my opinion it is a consequence of the risks we take. Isn't that a very closely related thing? So in general I disagree with what you're saying.
On the contrary, I agree that when we do not sell panic when the price drops far from the price we bought then we cannot be said to have lost because we still hold the same amount of bitcoin.
I think something, that is very wise, if we have
BTC whatever, we should do it, no matter how much it goes down, if it goes down it is always an opportunity to have more satoshis, let's not see it as if we were losing money, every time Bitcoin goes down if we don't have money to buy , it is Recommended to buy, I don't see Bitcoin as a failure or losing money, I always see it as winning , when looking at the chart the trend is always bullish, it is not downward like there are other actions , or other currencies.
BTC is the opportunity, there is no other option, with bitcoin you can have the luxury of now, with fiat money you save and if it falls you will lose the value of the money , with bitcoin our money is valued.
If we could change everyone's way of thinking , I think
BTC would be more valuable than any investment.
A very good article that is from July 28, but I find it interesting:
Key Points
So far in 2023, Bitcoin has surged amid renewed investor interest.
The Bitcoin halving and looser monetary policy are potential near-term catalysts.
Greater institutional interest might be a game changer for Bitcoin.
Motley Fool Issues Rare “All In” Buy Alert
This is mainly due to the basic economic theory of supply and demand. The supply of new Bitcoin that enters the market is reduced, but over time, demand has generally increased. This creates the perfect scenario for a bull run.
The next halving is forecast to occur in April 2024, about nine months from today. If history is any guide, now could be one of the best times to buy Bitcoin.
Source:
https://www.fool.com/investing/2023/07/28/bitcoin-buy-the-dip/They talk about what has happened since the $69k price was there, quite an adventure.