Post
Topic
Board Bitcoin Discussion
Re: I am 19 years old boy living in South korea. Please give me an advice
by
Ayers
on 22/10/2023, 09:39:18 UTC
better start investing now or be late next year.
the price now is still cheap till second month of 2024 so be ware , you have at least 4-5 months to invest so take that advantage.
You should not give such investment advice to newbies. Your advice makes bitcoin more of a speculation than a real investment. Why does he only have a few months left to invest in bitcoin? Are you talking about halving? What if we don't have any bull season after the halving? What evidence do you have to assure OP that bull season will definitely come after halving? Bitcoin is a long-term investment, don't invest in it just because of the halving event, that is not the ultimate goal of bitcoin.
Of course, I also believe that it is an unbiased act to give financial advice or financial inducement to someone, just as this member encouraged the OP to invest in Bitcoin by playing the role of a financial abuser. And on the other hand, by referring to limited time, the OP is suffering from another delusion that there is a chance of investment until halving, and after that there will be a bull run. Foremost, kotajikikox, if you have any evidence, please give us the evidence that, according to you, the price of Bitcoin is cheap before the halving and there is a bull run after the halving.

A person like CZ, who is the owner of the world's largest exchange and a large holder of Bitcoin, does not claim that there will be a bull run after Bitcoin halved, and the price will go up. He also says that the future cannot be predicted by looking at the past. So, it is not appropriate to give such advice because Bitcoin has a volital nature and its prediction cannot be done by big people, so what is the status of us small people compared to these people? Therefore, you should encourage and attract people to invest in Bitcoin without any disclaimers.


I know that kotajikikox meant well when he gave that advice to the OP because if we look at history, we are very close to a bull season and this golden opportunity should not be missed. But we should not give advice such as urging someone to invest in bitcoin just to make short-term profits, because if history does not repeat itself and the bull season does not come, they will be blamed for us. They can even borrow money to invest in bitcoin with the thought of speculating in bitcoin for short-term profits.

No one can know what will happen in the future so don't give any advice with any form of assertion, and bitcoin is better as a long term investment than short term.