Quote from: Betwrong on Today at 07:35:17 AM

Quote from: Roser bouce on April 28, 2024, 07:19:01 PM

I first heard about Bitcoin around 2016 but then I had no idea what Bitcoin was. Someone online was saying to work on it because I don't know anything about it. Then I heard about Bitcoin again in 2022 when the price of Bitcoin was 21000 dollars. I did a little research on Bitcoin and saw that it was good. From whom I heard, I said to a brother, brother, let's invest. Buy a bitcoin and keep it.Fifty percent and I invested fifty percent but that brother did not agree then. Day by day the price of Bitcoin was increasing and the price was going up and down around 25, 30, 31 thousand dollars. Still I told my brother to invest but he did not agree. That price eventually reached 74 thousand dollars. I regretted very much why I didn't take a risk. If you want to do something, you have to take a risk, nothing happens without a risk.

Yes, but Bitcoin is not like other things. You take risk with all other things all the time and you won't survive. So, I wouldn't apply this "No risk no gain" approach to everything, but, you are right, with Bitcoin it works and it works exactly like that. It's funny that when BTC was $21k many people thought it's its limit, and actually when in the early days BTC reached $1 many people thought it was its limit too. And now, when the price is $70k, there are people saying "This time BTC has reached its limit for sure!". Yeah, we've heard that many times.

You are right, there is truth in your words. I want to add that every novice trader believes that there is some kind of secret tactic for trading Bitcoin, but in fact there are only three trading styles:
waiting for the price of the cryptocurrency to fall,
waiting for the growth of the cryptocurrency,
trading in the price corridor.

And each of these strategies goes against the others.
And the worst thing is to start trading on one, and then switch to another. But often many do.