Post
Topic
Board Beginners & Help
Re: Warnings of Bitcoin
by
Yucky
on 07/07/2024, 14:03:38 UTC

And remember , investing in Bitcoin is risky and could lose some or all of your investment. Always do your research, set clear goals, and never invest more than you can afford to lose.
Here we go again with a narrative that seems to paint Bitcoin as though it's the same as shitcoin or a Ponzi scheme. Why then do you call it investment when you're putting an amount you're hoping to lose? Isn't the concept of investing more about putting your funds into something you're at least 70% certain of its future outcome and that's why you can invest big in it?

Investing in Bitcoin indeed has its own risk just like every other investment option but the extent of the risk isn't too much that you should be too focused on investing an amount you can afford to lose. Except you're investing for the short term that's the only time when you will be bothered that at the time you might likely need your money back that it could be bearish and selling at that price could place you in loss. If you're a long-term investor which is what is expected of most investors, the thought of investing an amount you can afford to lose should be far from you.