Re: How many times we will make the same mistake? - History repeats Again & Again!
I think a reasonable approach to investing in Bitcoin lets say 1000 USD is :
The worst what can happen is that you lose the 1000 USD.
The best what can happen is that you make possibly 350 x profit = 350 000 USD
So maybe worth the risk to invest in Bitcoin...
The worst what can happen is that you lose the 1000 USD.
The best what can happen is that you make possibly 350 x profit = 350 000 USD
So maybe worth the risk to invest in Bitcoin...
Actually, you can't lose $1000. For this to happen, Bitcoin will have to go to zero, which is not very realistic. Every next cycle's bottom is around the previous cycle's top: previous cycle's top was around $69k so if you invest now, you can't lose anything, you can only gain or break even at worst.