Post
Topic
Board Bitcoin Discussion
Re: I am now financially ready to invest.
by
Mauser
on 18/12/2023, 06:50:51 UTC
Happy to think that dad will sell 10 cows of his farm's choice to pay for my investment and on the other hand a little scared but I am ready to take the risk. Maybe tomorrow I will get the money from selling the cow and tomorrow or the day after tomorrow I will invest the whole money in Bitcoin. Although it is a big risk for me at first, I believe that I will get a good return on this investment.

Congratulations on making your first steps in the crypto world. I don't want to be a pessimist, but the bitcoin price did already really well the last few month and we need to manage our expectations. It's fine to buy your first bitcoin at the moment, as long as you don't expect another 100% increase in the next few months. Don't be disappointed if there are some short term setbacks. The long term outlook for Bitcoin is still great and with the halving coming up next year there is a lot of positive pressure for prices to rise. So, if you don't care about short term losses than it's fine to invest your money today. Otherwise I would recommend you split your money and make purchases in the next several month. The DCA method is great for investing large sums of money and achieving a good average purchase price.