It’s been a bloody Monday so far.
You go to your charts and all you would find is how all the coins are bleeding and Bitcoin has dumped to a price of $49.8k as at the time of this comment. Volatility is everything in Bitcoin and this dip beats many expectations for the month of August. I guess no one saw Bitcoin at this point.
You, me and all of us invest in the hope that we will get a profit from this investment at some point. Even if you invest with the expectation of profit, everyone has a different investment strategy. Those who are true investors will take the risk of money and wait enough time and sell their investment when they get enough profit on their investment.
Having to invest based on success stories or when others have benefited isn’t the best way to take up an investment. What you get to benefit here is the scraps of investment and nothing more. We can hardly call it that though when we talk about Bitcoin given that, it’s still in the green phase as a lot of investors are yet to step in but, we can’t compare ourselves with those that invested from 2010/11.