Hi Bitcoiners
Hello fellow Bitcoin enthusiasts! I want to share a personal story and seek your honest advice. Previously, I thought investing in BTC was only for whales and that small investors like myself wouldn't see significant gains. However, yesterday I saw a tweet from someone who invested $500 in BTC when it was at $82,000 and now their investment is worth $3,000!
We don't know the truth of the personal story you shared here and it may not even be clear if you invested in Bitcoin at all. According to the tweet, a person invested $500 when the price of Bitcoin was $82,000. If the profit on his investment is calculated according to today's market, he might have been able to make a profit of $42 on his investment, as the price of Bitcoin rose to $89,530.
I felt regretful for not investing earlier and wished I had converted my money to BTC. Now, I'm considering a new strategy: if BTC's price drops a bit, I'll invest the money I have and convert it to BTC. Please share your honest thoughts - is this a good idea or not?
First of all, I want to say that what we see on social media is often not completely true. You might be tempted to invest in Bitcoin after seeing that news on Twitter. Bitcoin investment may not be difficult, but before you invest, make a proper decision and even plan to hold it for a long time, at least four or five years.