Quote from: Promocodeudo on Today at 01:18:43 PM

Quote from: ginsan on March 28, 2024, 07:22:02 PM

Quote from: michellee on March 28, 2024, 09:47:05 AM

They can find time to start investing by learning about it. Without doing that, they won't find the right time. Even if they are beginners in investing, they can find moments when investing.

They have to pay attention to how much money they can use to start investing. Otherwise, they will have difficulty persisting in investing. They must also be able to anticipate the possibility of losing money investing in Bitcoin, especially if the price of Bitcoin declines.

But if they don't panic and can be patient, they will see an increase in profits when the price of Bitcoin increases again. Risk exists, so we must learn how to minimize it.

Money management in investing is certainly very necessary, especially if we have a tight budget, so to consider this we have to manage it as best as possible. This is indeed the most important part in starting an investment because if you cannot manage your finances as well as possible then the investment we make could stop midway.

Bitcoin has indeed become a new foundation in choices for long-term investment, so it is not surprising that both teenagers and those who are old choose Bitcoin as an asset for their old age. Yes, profits will come if you are satisfied with Bitcoin ownership and at that time if you are satisfied you can reap the rewards by cashing out into fiat and buying what you have been dreaming of such as a luxury house or luxury car.

As an investor in bitcoin first of all you should consider if you can endure and be patient if some events occur, if you are not an investor that has other ways you earn, you have to be very reserved in spending to avoid being tempted to think of withdrawing your asset, that's why it is advisable for investors curtail there expenses if they are the type that spends much, emergency fund should be available always so that it can be used to handle some expenses when the need arises.

Most importantly every bitcoin investor should know that Bitcoin is an investment that is invented for long term purpose, so as an investor you have position your mind in the long-term benefit because you may not be able to achieve your goals within a short period of time, choose bitcoin, choose buying and forgetting for a long term holding.

Many has moved the motion of getting an alternate source of income, in other to be much more financially buoyant, in regards to when the first source of income does not meets our needs or important things we want. This system is not rigged, "how you dress your bed same way you will lay on it", if a person doesn't see the need of keeping aside funds that would serve for emergency then he/she will be left to face the consequences as per having no choice than selling off part of his investment to cover up the expenses. Emergencies are unpredictable so we need to be on the safer side by doing what is required.

Quote from: Tmoonz on Today at 02:09:37 PM

Quote from: Barikui1 on Today at 01:03:41 PM

You are actually right on this, if you look at the historical price of Bitcoin over the years, it has practically gotten better with age, it has behaved like a fine 🍷 wine, so it's even more likely that the more you hold unto your Bitcoin investment, the more you make more money out of it, so to me, sometimes I feel sorry for those that sold now, even though they sold at a profit, because the actual price of Bitcoin is no where near it current price like in 5 years time from now, and I also believe that due to it limited supply, it's a certainty that at some point, it price will skyrocket to a figure that even we, it supporter never expected.

At some point I feel the need for us to be mindful of our choice of words, in order for us to give an information that will not be misleading, I believe that the only thing will could do is to speculate about the ups and down movement of Bitcoin and there is no certainty as to this regards just as you have stated earlier.

The market is filled with uncertainty that is to say it also has risk assessment though there is a lower risk when it comes to Bitcoin investment.

I'm trying to figure out what you think is wrong about what he said, maybe you can do justice by making the lines bold since his mix of words are not doing good to the readers. From what he said, his on the point that over the years Bitcoin has increased significantly reaching a new price mark and if we would love to continue on those profits we should be able to absorb the mindset of holding for a long time even during the ups and down in the market.