Ninjastic
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Re: Road to 100k?
by
Essential10
on 12/06/2024, 07:36:15 UTC
⭐ Merited by JayJuanGee (1) ,Fuso.hp (1)
Quote from: Cossyblack on June 11, 2024, 10:24:39 PM
Quote from: moneystery on June 11, 2024, 02:49:21 PM
Quote from: Out of mind on June 10, 2024, 09:36:16 AM
Investing in Bitcoin should never think about the volatility of the market because the religion of Bitcoin is to go up and down. So Bitcoin can move down or up in the market at any time depending on the movement of Bitcoin. And I think an investor should never worry about the volatility of bitcoin investment but rather he plans for the long term. It is the best idea of an investor to always plan for the long term when investing in Bitcoin. When an investor invests in Bitcoin, he plans to hold it for a long time and has a goal. Investors always think positively and when the market reaches its highest level they decide to sell it. Since the Bitcoin market is currently in a good position, it is possible to make a profit by investing from here if the bull market can be held. And I think the Bitcoin market is likely to grow even more from next month and Bitcoin will hit a new record of $100k.

for people who are worried about the volatility of bitcoin, then they should not have invested in bitcoin from the start, because before they invest in bitcoin they should have understood the nature of bitcoin which tends to be volatile. and when they have chosen to invest in bitcoin, they should be able to adjust to the bitcoin market situation and focus more on adjusting their investment so that it will not cause potential losses to them.

but that doesn't mean that we don't need to think about the volatility of bitcoin, because it is also necessary to be aware of aggressive market movements, but we just don't focus too much on it so that it disturbs our psychology and makes us think about it day and night.

I don't think investing in bitcoin might lead to any potential losses,Bitcoin have proven to be a reliable coin over the years that someone can invest his/her money on and have peace of time without thinking of loss.I know the market can be very volatile and that his why when investing in bitcoin you should see it as long time investment where you will place your target and allow it to accumulate for a long time in other for you to hit up that target.Maybe the market isn't going your way at that moment and you try to adjust your investment,it might result to looses.

At least seeing the life cycle of Bitcoin this year, I never felt that investing in Bitcoin would be a loss for any period of time.  As the beginning of the year was buoyant, the price of Bitcoin has been buoyant throughout the year.  After the halving, many thought the price would go down a lot but it didn't, the price of Bitcoin started to go up a few days after the halving, if currently the price of Bitcoin is going up and going down for some time.  Anyone who wants to invest in the current time, I think it is a good time, if you invest from here slowly and continue to invest for a long period of time, the bitcoin price will reach your desired goal. You can try and  can hold it.