Quote from: eightdots on Today at 06:39:52 AM

Quote from: Strongkored on June 05, 2024, 06:25:35 AM

Quote from: TEBTC on April 28, 2024, 09:57:25 PM

Investing in crypto currencies like Bitcoin is not a bad idea at all

Investing in Bitcoin is not a bad idea, but it is only suitable for those whose economy is stable and who have good knowledge about Bitcoin because this is not a way to get rich quickly as many people think.
Investing in Bitcoin will be very profitable for those who are patient enough to save it yearly and they should already have income that can meet their living needs so they will not be in a rush to sell it or have to sell because of urgent needs which allows them to sell at a loss, so investing in Bitcoin is no different far from investing in gold, property and stocks which will only provide profits if you can patiently save them for a long time.

Bitcoin is not an investment type for those looking for a way to get rich quickly. Investing in Bitcoin requires both knowledge and sound psychology. There are many different events and price fluctuations in the market. Good psychology is necessary to protect and maintain investment against such situations.

Everyone wants to make money, but they don't take a step to do the things needed to make money. In today's world where knowledge is considered power, we must learn everything we can about Bitcoin and the market and make our investments within the limits of our knowledge.

Those who invest in Bitcoin must have income to avoid cashing out their investments in an emergency. In fact, this is a must-have situation in every investment. Investments should not force us to meet our daily needs and should be in a certain amount.

they all have backup plans or Bitcoin is probably a backup plan for them. before they even get to know BTC, they are working somewhere and maybe they have an idea already where to get some money incase something comes up.

everybody does have a plan. a friend i talked to just a few days ago also has some BTC but he right now is still working in a company. since this company is also on the brink of laying off, his backup plan is to set up a barbershop at home. this bad economy isn't happening overnight that's why many people also found a way to have a backup plan and not just selling the BTC as their 2nd option.