Quote from: Nothingtodo on September 10, 2024, 09:09:12 PM

Quote from: Sobz on August 17, 2024, 05:51:35 PM

Some people always think bitcoin is expensive but it is not. For instance if 1 bitcoin is = $10,000 we will say it is too expensive and when we look at the price in next two years it can be double($20,000-$30,000) and we realize that bitcoin at $10,000 was very cheap and something very affordable. The future will always make us understand that bitcoin is not expensive, we only miss expensive opportunities that we won't be able to get back.

Well suppose Bitcoin is expensive but in that case no one is forcing you to invest in Bitcoin rather invest as much as you can in Bitcoin as per your ability. One should not invest one bitcoin but invest and hold 0.002 bitcoin amount. No matter how expensive Bitcoin is, if you want to invest, you will invest no matter how much the price rises.

I appreciate the Bitcoin investment so much, but I will always advocate only smart investment. What you advise is right in a way and wrong in a way, it's good to buy Bitcoin in your capacity and avoid postponing buying it just because of the price, no matter how little, your Bitcoin is your Bitcoin and this is where you are right.

But saying that we should just be buying Bitcoin with no regard for the price is so wrong and unprofessional. The price and condition of assets are crucial to real investors and it would be so wrong to buy any asset at its peak, Bitcoin or not, it's always devastating, and we should never allow what we hear of any asset or believe about it cloud our judgements, let's be professional. Those who bought Bitcoin at about $68,000 in 2021 would still be in loss now, and you call that a smart investment?

They are entrapped because they never considered the high price thinking it would always rise, but has it risen as presumed? Even if one buys Bitcoin, an adequate retracement to a lower level is needed so that too much waiting will not be required before a little money can be made.