Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Road to 100k?
by
DubemIfedigbo001
on 08/10/2024, 11:33:34 UTC
⭐ Merited by JayJuanGee (1)
But when I started bitcoin accumulation, I wasn't even avarage when it comes to the knowledge aspect, I was kinda like a newbie in it with only the basic knowledge, but I was still able to keep up with the pace , investing in bitcoin using DCAing method and I was able to see sone nice results that kept on encouraging me to keep going . Which means that bitcoin investment is open for anyone, as long you have interest in it , while trading in the other hand might not be for every one , because is not everyone that would have the chance or time to sit down and  start learning about trading , because in order for one to be successful in trading one need to take he or her time to gather good knowledge about trading before they are good to go .
The beauty of bitcoin accumulation is that you get to focus on whatever else you have doing and only return at periodic intervals to do you purchases and continue holding. Such leverage is not enjoyed at all in trading as it tends to distract you from other engagements and also fetch you some real emotional imbalance from the possibilities of serious losses being incurred in the process. Some traders still fall into the trap of honeypot scams and loose their hard-earned capitals to assumed trading opportunities in shitcoins promoted mostly on DEX. All these stresses can be escaped simply by accumulating bitcoin with dedication.

Well, this is very interesting, but I see the current situation of BTC's condition is quite good now. What caught my attention some time ago during the correction, there were still those who said BTC was not the best choice to invest in and still said that gold was the strongest at that time. So, I could only smile reading it. But, whatever happens in the future, until now I still believe in the potential and growth of BTC.
People who said bitcoin is not the best choice for investment are the most stupid and naive in my view. They probably don't even have the slightest knowledge of Bitcoin for which they make such inconsiderate comments. To those of you who have heard this, you should have mentioned that you look at Bitcoin price history. How low was the price of bitcoin in the beginning and how many times has the price of bitcoin increased in the present time. A proper review of Bitcoin's price history may prevent that person from commenting that Bitcoin is not the best investment choice.
Bitcoin investment might arguably not be the best investment in the world, but it is surely a good one, although its accumulation is held greatly in preference to some concerns which is mostly shitcoins investment, trading and hoarding fiat. Other people might have their conviction in investing in real Estates or even Agriculture which is still profitable too. When I have discussions with friends who have different investment mindsets, I simply ask them if they have money set aside for savings and they do not intend using anytime soon and does not affect their living activities. when they respond in affirmation, I introduce accumulating bitcoin another way to help them save their spare money for a longer period of time instead of just hoarding it in the banks and we are good. I don't convince them to stop their own investments, I only let them see bitcoin as a way of preserving their funds from devaluation, investing spare funds and in turn getting good profits in the long run.