Post
Topic
Board Bitcoin Discussion
Re: The Psychology of Investing in Bitcoin
by
Z-tight
on 10/02/2024, 18:31:40 UTC
Ever felt that rush when Bitcoin hits a new high? Or the sinking feeling when it takes a nosedive? Let's talk about the rollercoaster ride that is Bitcoin investing.Are we in it for the tech, the profits, or just the thrill? Whether you're a HODLer for life or a day-trading.Let's dissect the highs, the lows, and everything in between. After all, the Bitcoin market isn't just about charts and numbers.
Weak hands don't buy BTC when the price is low, they wait until the price starts to rise or is rising and then they start buying in order to try and 'get rich' quick, too many of them find out the hard way that BTC is not a get rich quick scheme. However, people have different reasons why they buy BTC, there is no one reason why everyone buys BTC and it is fine, BTC has different use cases and you have to choose which one you want to take advantage of. But in as much as that is the case, we cannot forget the original reason BTC was created, and that is as p2p electronic cash that is censorship resistant and permissionless.