Post
Topic
Board Bitcoin Discussion
Re: Is It Time to Buy More BTC?
by
Marvell1
on 21/03/2024, 15:40:36 UTC
Not as simple as you told, what if you buy at higher price and then price going lownfor several months/several years? Waiting price for going back? It easy if you spend small amount, let say below $50K. But what if you spend more than $200K
Sorry... but I'm sure someone must have said "buy with an amount you can afford to lose"... then if $200k makes you regret and even get depressed when you lose that amount, I think that's too big an amount to spend on Bitcoin.


I still repeat that saying, it's easier said than done. Of course, once we invest, we should use the money we can lose, and we have also accepted risks when making investment decisions. But frankly speaking, no one wants to lose money even if it is money we can easily earn back another way. Today the price of bitcoin increases and brings you profit, but suddenly bitcoin price decreases, your profit will also disappear. That alone will make you feel regretful, not to mention losing your initial capital.

There is a huge gap between saying and doing, mate. We always say we are ready to accept the loss of money invested in bitcoin, but in reality no one wants that bad thing to happen, especially a large amount of money.