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! I felt regretful for not investing earlier and wished I had converted my money to BTC.
There is something wrong with that calculation, for that guy's $500 to become $3000 means that Bitcoin has to be 6x from the time he has bought it.
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?
It's always been a good idea to buy Bitcoin. But you only do it at your most comfortable time and whenever you are already decided to buy.