Quote from: jrrsparkles on Today at 09:10:06 AM

Quote from: Riginac111 on January 04, 2024, 10:29:04 PM

Quote from: jrrsparkles on January 04, 2024, 05:28:21 PM

Quote from: Wind_FURY on January 04, 2024, 04:33:00 PM

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 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.

That is why we should not rush into bitcoin investment, we should understand Bitcoin is not a get-rich-soon, so anytime we are ready to invest in bitcoin we will make sure we have a source of income, that will allow us to freely invest in bitcoin with the DCA strategy and also take care of our financial challenges so that we will not depend on our bitcoin investment to settle our financial challenges when the needs arise.