Post
Topic
Board Economics
Re: Other businesses and Bitcoin investment.
by
Sticky Bomb
on 03/10/2024, 12:38:16 UTC
a lot of people see it as there only source of income but we forget Bitcoin is very volatile and anything can happen at anytime one can be expecting to get a huge profit 3 years to come from Bitcoin and Bitcoin falls, this has caused a lot of people depression and it is advised that will use our Discretionary Income to invest in Bitcoin.
To get good profits from Bitcoin, you must plan to invest for at least 4 - 10 years or more. The longer your investment stays the more profits you'll get as Bitcoin price appreciates consistently over the years. You don't need to cast your hope on your investment. It should be as good as a forgotten activity, else you'll be constantly traumatized by the price volatility of Bitcoin.

You also need to invest with your descretionary income and not your emergency funds so you can be sure of not ordering in your investments over a shorter period of time.