Quote from: GiftedMAN on Today at 07:48:04 AM

Quote from: Pandorak on November 13, 2024, 11:43:35 AM

Quote from: GiftedMAN on November 12, 2024, 04:17:59 PM

Quote from: Pandorak on November 12, 2024, 02:36:27 PM

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In essence I think what he's saying about investing with the amount any one can let go is because of the price movement of Bitcoin, it is not advisable for anyone to use all their life savings to invest in Bitcoin this does not mean that Bitcoin will disappoint you no this is important because the price may not be what you expect to see and to avoid panic and fear people are advised to invest with spare money and also don't depend solely on Bitcoin investment so that they will not regret when the price doesn't go up as expected.

The price of Bitcoin may have increased with time and since the declaration of Trump as the winner of US election there has been a massive increase in the price of Bitcoin thereby seeing Bitcoin move down 65k to 90k, the price is expected to hit 100k before the end of December but this is just the price prediction it may increase or go down with time.

You're right, we're still on the same point here. The point is, invest in an amount you can afford to lose, no matter what it is. Not to belittle bitcoin for being skeptical, but simply to control your real-world finances to have a more organized life. Moreover, Bitcoin itself has proven for decades that it is the best instrument in supporting financial freedom and avoiding inflation that occurs in FIAT.

I think at this point I will try not to use the word " invest an amount you can afford to lose" because I see nothing like loss in Bitcoin because the price can either go up or down, choosing to keep using the word invest with spare money is what I think is more important to me right now. So happy to have made this prediction of Bitcoin hitting before the end of December and today I have witnessed 103k as the current price as at when this post was written, I hope people sees more reason to keep believing that Bitcoin is the surest way to finance freedom cause I will always believe.

Due to the volatility of Bitcoin price its dumping or pumping can be very fast and investors should keep their tongues wet in buying regularly in any price trend. It is great that it will cross $100k so quickly it has created more expectations among every investor and I am hopeful that we will continue to get new ATHs in the coming days. In my opinion, during this time of pumping, it is better to keep accumulating Bitcoin in DCA strategy than investing in lump sums so that in the long term a % of the income is added every week or month and the holding increases over time. Yes an investor should try to continue accumulating Bitcoin through discretionary income so that there is no regret during dumping and at that time try to increase the Bitcoin holding through single buying.