Post
Topic
Board Beginners & Help
Re: Too late to buy Bitcoin ?
by
Cryptmuster
on 05/12/2024, 07:08:59 UTC

What needs to be understood is that it is never too late to start investing in bitcoin, especially if the goal is long-term because I believe that bitcoin will continue to rise and continue to grow so that one day bitcoin will become a rare asset that will be fought over by everyone.

In addition, many people say that we are currently entering a period where bull runs occur so buying bitcoin now is the right choice. However, if you buy bitcoin gradually like that, it is better to use 10% of your income, do not make large purchases, let alone your entire monthly income because it will be risky for your finances. If you want to invest in bitcoin with an amount of $ 300-400 every month, it means you must have a monthly income of $ 3000. This is just my opinion, the rest depends on yourself.

Buying bitcoin on a bull run can be a mistake, because there is a fairly high probability that in the subsequent bear market the price will be lower than the one at which you will buy now.

Moreover, if you are talking about long-term purchases, then in the end these purchases may not be the best decision, but if these are medium-term transactions, then you can expect to get some profit, but I do not believe that bitcoin has a very large potential for the remaining time of growth, according to my assumptions, this is from 20% to 50% no more.