Post
Topic
Board Bitcoin Discussion
Re: He wants to Invest in Bitcoin for His Retirement.
by
Gladitorcomeback
on 25/08/2024, 18:18:13 UTC
I think Bitcoin may not be able to fully meet its demand. The probability of Bitcoin's failure to meet its demand is high. Because we know that Bitcoin can be as profitable in the long term as it can be in the short term. Bitcoin often continues to decline in value month after month. How will he handle the situation where investment is his only breadwinner? Will he be prepared for the loss then? Will it suit him?

This is the reason why it's not recommended for anyone to invest their savings or the money that they have to feed themselves or their families because you can't always expect to get quick results from cryptocurrencies even though they sometimes can surprise you, and this is for all of them, including Bitcoin. Someone who invests the only money they have in a cryptocurrency hoping that they might get weekly or monthly earnings might get disappointed at some point.

So those who don't know much about the market and cryptocurrencies need proper guidance before they make a final call because if they make a decision based on what they have heard, they might make a wrong decision because there are millions of mouths with different words and interpretations about something. We wouldn't know what the truth until we do some research ourselves.