Post
Topic
Board Bitcoin Discussion
Re: Is Bitcoin for everyone?
by
Franctoshi
on 29/10/2023, 19:40:58 UTC
I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within a few weeks or months, the price just pumps in their favor. This kept me wondering if Bitcoin is actually for everyone or if it is a scheme for selected individuals.
Op, I think you haven't understood Bitcoin and you need to learn and understand how things work with Bitcoin,  Bitcoin is not a get-rich-quick business where you will buy Bitcoin today and expect the price to rise tomorrow and you sell,  like you said some people might lucky to invest today and have the price increase within a short period, but the reality with bitcoin is that, it a long-term thing, Bitcoin has Bull and bear cycle, so your chances of profiting depends on the time of your investment, (bull or bear market).