Post
Topic
Board Beginners & Help
Re: Newbie Don't be afraid of buying Bitcoin
by
Renampun
on 12/10/2023, 22:19:54 UTC
...
If you are afraid that Bitcoin would go to 10k,ask yourself why they hold billions in Bitcoin.
Don't you think that they had more insight than you will ever have?
Why do you think Nasdaq crashed 1.8% 2days ago  and Bitcoin holding 27k line? Buyers still buy no matter what, that shows confidence in Bitcoin, and remember retail got no money right now.
Inflation is too high, retail salary vanished day it arrives, it not retail that buy Bitcoin now,
you wouldn't like to hear this, but the one buying assets now are the wealthy, they will likely continue the trend of the rich getting richer

what you say here makes perfect sense but most poor people are more concerned about eating than investing in bitcoin haha, what I learned from the lifestyle of crypto billionaires is that they make a lot of money from the business they run, if CZ or Brian were just normal people, I doubt they will spend all their money to invest in Bitcoin, so I don't force everyone to put their money in Bitcoin, but they can set aside a portion of the income they get per month to invest in Bitcoin, of course using the DCA method.