Quote from: GigaBit on September 09, 2024, 01:36:56 PM

Quote from: LUCKMCFLY on September 09, 2024, 12:03:23 AM

Quote from: Asiska02 on August 31, 2024, 09:18:29 PM

I would Say the first thing to do before investing into bitcoin or any cryptocurrency or even any investment outside this is to accept that it can go down and refuse to climb up again and that’s why we call it a risky investment: I know most people will say bitcoin isn’t like that and it is true but having that mentality will make you invest an amount that you can afford to lose

Yes, what you say is not Wrong , although when I trade I always do this, I only put in the money that I am willing to lose, but when there are doubts you can't start inventing , in the same way the Degree of investment that is going to be made in bitcoin is Safe , but if there is an investment you must buy that it is for the long term , it is the only way that you can make a profit in bitcoin , of course you may be Lucky and the price increases from one day to the next , but that is luck , We don't know when bitcoin will increase , but it is a fact that you can make any type of Investment in btc and that it is Safe.

We can benefit more if we are able to make investment decisions by analyzing the investment. Because a risky investment has a high chance of losing money. But if I keep my investment in Bitcoin it is completely safe compared to other coins. Investing in Bitcoin will enable it to survive in the market for a long period of time but should not be an investment that increases the possibility of losing in the long run. It is said that investing in Bitcoin is the best long-term investment. If one invests in Bitcoin in long term he will definitely be profitable. While some investments are backed by fortune, Bitcoin doesn't require it. Because Bitcoin will definitely increase after a certain period of time.

Not everyone cryptocurrencies trader is a Bitcoin investor and that can mean that these sharp traders follow pump signals for every newly launched coin, in order to take quick profit and further invest or diversify.
Still, those who consider Bitcoin or cryptocurrency as an alternative source of wealth creation or accumulation or as another income stream will invest for long or short term gains, dependent on the strategy they understand best.