Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Riginac111
on 05/01/2024, 10:26:13 UTC

During 2019 to 2020, only a handful of people in the forum would post confidently that their expectations for Bitcoin would be to reach six digits. Many of the other users, although maybe they believed or hoped that it could happen, would never let everyone know what they were thinking probably because they didn't want to sound and look stupid.


Let's go further, in mid-2017 the price was around $1000-1500 and who would have thought the bitcoin would pass 20K in the next few months, so that is how an investment works and that is why few people become rich and most of others end up living an average life. Now we have an opportunity to become one among the few with bitcoin and still the choice is ours.
The thing is that what gives people money or make people to get rich unexpected is risk, for investment you need to cross your mind and invest in bitcoin if you have the passion to invest in bitcoin, because onces you have summons such courage to take risk it will definitely land you to profit, so people doesn't invest to take risk that is involve in bitcoin but they only invest because of what they heard of bitcoin.

It's very clear that investment of Bitcoin can be against the investors and can also make you rich and that is while an investor is an entrepreneurs and any entrepreneurs is ready to take the risk and if it's favourable for the investor it will take the way it seems it, so those people who invested in bitcoin long time ago doesn't know that bitcoin price will skyrocket to this level now, so bitcoin investment is something that have to do with risk and when we panic during the investment especially when the price is depreciating it might leads us in losing.

If someone is hesitant to take risk then they will never get rewards even financially but the risk they are taking should also be calculated not just completely blatant. Even we know bitcoin is going to be big, the conservative approach is invest a part of your savings in bitcoin, remaining into other assets as well that will fulfil the criteria of don't put all eggs in one basket. Which may take more time to accumulate wealth with the diversification strategy but it gives us leverage to past the hard time if one of the asset invest isn't doing good because it can be compensated with the profits made from others.
It's obvious that any one who wants to invest with bitcoin most take a risk because its risk that makes investors to make profit and its same risk that makes them to lose and if you don't summon courage for cryptocurrency investment you will not make a profit that is one of the things that is paramount for cryptocurrency investment.

When you said that we should not bag our eggs in one basket that simply means diversification of investment and really no cryptocurrency like altcoins that does not involve in risk because some of them doesn't have potential as bitcoin,  bitcoin is the most potential cryptocurrency that you can invest and make your profits because it withstand long time bearish why some of the altcoins decrease to zero during long-term bearish

Making wealth doesn't measure but it has criteria and for cryptocurrencies you have more chances of making wealth with bitcoin than any other investment of cryptocurrency, but some of us won't understand the scenario I'm trying to elaborate concerning cryptocurrency diversification of investment, actually it's good to diversify when you have already examined the coins that is valuable and still have potential and reputation as bitcoin has.