Post
Topic
Board Speculation
Merits 3 from 3 users
Re: Road to 100k?
by
rachael9385
on 31/08/2024, 18:12:45 UTC
⭐ Merited by JayJuanGee (1) ,Miles2006 (1) ,Stablexcoin (1)
This was the feeling I got when I had about bitcoin it made me thinking how could I invest in something that worthy about $60k
But time goes on I did learn about it how and how it was been sold in smaller part and units honestly speaking most newbies out there are still having same ideas about bitcoin, using my self as an example I wish I was not curious on how it works I could have loss interest in it.

In today's Bitcoin was below $60K and now it has also returned to that price range so you and other beginners can use an opportunity like now to buy Bitcoin and use it as a long-term investment for yourself and so on for other beginners. Because of the many discussions about Bitcoin that have been in this forum and that have been widely spread outside this forum, you should no longer be curious about how it works because historically Bitcoin has always been better after a price drop. So use this opportunity that is still there before you feel regret and remember it (the price of $60K) when you see the price of $80K in the future.
As a beginner of course they must first learn about how to be able to store their assets properly
You are not 100% right on this.
The reason why I said so is because while you are looking forward to understand how to secure your wallet seed phrase you might have missed good opportunities that you were supposed to use and accumulate Bitcoin either with lump sum strategy, DIP or DCA method. The issue of knowing how to secure your seed wallet is a thing that you can learn in due process, and as long as you have written your seed phrase down you can also figure out how to protect it even if it's temporary.
If not that an exchange is not trusted to keep Bitcoin for long (like a month time), you can buy it and leave if there for a few days by then you might have figured how to secure your wallet, then you can send it from the exchange to your wallet.
Quote
anyone who wants to take advantage of this opportunity of course they must have the preparation of funds that they can maintain in the long term.
Actually, as long as the investor have a source of income he can invest on Bitcoin, but if the source of income is not providing much money at the end of the week or month, the investor should choose to use DCA method to invest on Bitcoin because with DCA method the person can decide to invest with little amount that he can afford so that he won't run out of funds before another salary comes in.