Post
Topic
Board Bitcoin Discussion
Re: Bitcoin to the common man.
by
Silberman
on 04/04/2024, 08:47:34 UTC
Patience can only be exercised if the person who is holding has other means to finance his daily expenses. But for a regular person relying from what he has to survive, I don't think he will be patient enough to hold especially if he sees his assets are getting a lil bit of profit. He won't wait longer to sell off his coins.

Bitcoin is a long-term investment and we can only make a profit if we can afford to hold it for the long term. And if you can't afford to keep it long term or you don't have another source of income, and you only rely on bitcoin to help you survive. Ideally, you should not invest in bitcoin.

Bitcoin is not a get-rich-quick tool, nor is it an investment that gives you daily passive income. It is a highly profitable investment and the higher the profit, the higher the risk, let's not be so naive that we can get rich quickly through bitcoin investment.
Very few of those that learn about bitcoin for the first time, consider the idea of investing on bitcoin for the long term, they have heard the stories of people like themselves making a fortune in a short amount of time, and they want the same to happen to them, and even if those stories are true to some extent, what they fail to consider is that for this to happen everything needed to happen on the perfect time for those people, while the average investor has to make do with DCA and other similar low risk strategies.