Post
Topic
Board Beginners & Help
Re: Too late to buy Bitcoin ?
by
Tungbulu
on 05/12/2024, 10:01:39 UTC
That's true investors who thinks is too late to buy Bitcoin now will definitely regret not accumulating Bitcoin now expecially if your investment plan is for a very long time you can be accumulating Bitcoin gradually without considering the price of Bitcoin it could be weekly or monthly and still keep hodling, you can still be buying Bitcoin and hodling strong as long as your discretionary income is not shaking. My advise for an investor who thinks is late to accumulate Bitcoin now is it is never too late to accumulate Bitcoin Just keep on buying little by little Bitcoin is a potential coin that is worth to invest on Bitcoin will definitely do more better in future time, so keep accumulating and hodling.
I’m pretty sure there were people who also thought it was too late to buy bitcoin when it was just a few hundred because they felt that was the highest Bitcoin would go and feared they’d lose their money if they bought back then, and then when it hit a thousand they regretted it, and then a few thousands and so on.
I’ve come to understand that only those who do not really understand the dynamics of Bitcoin would think in such a way, and the worst part is that, even if they manage to convince themselves or others manage to convince them into buying and they do so, the moment the market starts to take another turn and Bitcoin starts experiencing a DIP, they’d be the first to say, “I told you guys it was a wrong time to buy” and then they’ll end up selling in lose. So rather than convincing such a person to buy, the best thing to do for such a person would be to teach them and make them understand the dynamics of Bitcoin, teach them about Bitcoin’s previous cycles and experiences, what drives the price and the possibilities that Bitcoin offers as this would help them understand and compel them to make better investment decisions.