I would absolutely be one of those people who never have believed that Bitcoin would surge to $20,000 OR even five digits. Hahaha. But it was only during that time, that it started to become obvious that six digits is a possibility for the next cycles. Although there were many people that remained very doubtful
lol yeah most people back then would never had believed bitcoin would undergo such growth in price, and at that bitcoin was gradually gaining ground. And also gaining more adoption as time goes, the funny thing is that bitcoin still as the potential to hit 7 digit someday .
My sister-in-law called me today to ask me that she has 1000usd to invest, and she asked me what I recommended, I told her, that she buy bitcoin, because even though it is close to its last maximum, she can still buy, but that she has two scenarios, if it goes down When it comes to price, you should not despair, but wait until it goes up, do not take out an investment, or lose patience, but you have to have the conviction that the price will go up, the other is that if you buy and it goes up, then she evaluates what she can withdraw, but which will recommend that less than $150k do not withdraw profits, it may not be in the Dip, but it is a good time to make an investment.
You should not wait for bitcoin to rise from the ASTH to buy what if you were going to do it, you should do it now, before the opportunity passes, that is something you have to understand, what happens is that you are a very good person. He knows a lot about how this is handled, but I said that for 2024-2025 he can wait, if he is not able to wait that time then he should not invest it there but in something else.
Sir JJG is actually right, leading your sister in-law to engage with short-term investments expecially this time around bitcoin as increase in price, is like she gambling with her funds, and if market endup not going her way she might lose interest in investing in this space (because trials do matters) expecially to those that are not use to this space. So is better for you to try and show her the beauty of long-term investment. Telling her the risk and also the benefits attached to it , because if she decided to hold for long-term the chances of her selling in loss Is pretty low , but the chances of she yielding good profit still high, Even though there are no guarantees in bitcoin. And she can also decide to back things up with some DCA, Without being much aggressive.