Quote from: Odohu on October 16, 2023, 02:14:49 PM

Quote from: GeorgeJohn on October 16, 2023, 12:22:42 PM

Everyone knows quite well that bitcoin investment or even other cryptocurrencies investment is all about risk, and it's obvious that a risk takers always have an opportunity to accelerate, so bitcoin investment is not investment of dependent or assurance, because it with falling and rising or fluctuating, so whosoever investment in bitcoin need to know the advantages and the disadvantages of bitcoin because of the price rotation which is never be constant or been in one particular price since the existence of bitcoin, A risk is what is involved in bitcoin investment and that's while it's acknowledging to invest in bitcoin with a spare money

On the risk aspect of Bitcoin, history have shown that the greatest risk in Bitcoin is buying and expecting profits so quickly which is also the same thing as impatience. Those who give Bitcoin time, like they would with other investment portfolios such as real estate, have always come out successful and happy with their decision because they have seen their investment increase even in multiples. This is the reality with Bitcoin and I do not see that changing anytime soon, unless, like you said, nothing is assured.

Well, sometimes, it can be very hard for people who haven't invested in anything either in real estate, gold or any other things in the stock market to have the mind to buy the dip because such person might be thinking that it will continue to dip but not knowing that it is given he/she more chances to buy and hold. What I mean is that if a person hasn't been involved in any investment before, it can be a little hard for the person to invest in Bitcoin because of scepticism, but if the person has been involved in investments before, then the person will have no need to be skeptical, but all that he/she needs is just to have the mindset of risk and patience to hold and accumulate.

Buying Bitcoin and still expecting profits in a short time has higher risk than buying and holding for a long term. Let's take. For example, an investor buys Bitcoin at the dip and plans to go sell away in just a month and it still gets a dipper (what a chance to buy more). Bitcoin tries to give so many people a chance to buy and hold, but based on their impatience and indiscipline, they don't settle down to think or even take advantage of the dip, but if an investor buys at the dip and plans to hold for a year or more years, even if Bitcoin gets dipper it's giving the investor more chances to buy more and hold.