Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
SuperBitMan
on 07/12/2024, 19:40:04 UTC
⭐ Merited by JayJuanGee (1)
Bitcoin investment is such a trilling venture. Everyday comes with it's surprises. At 63k per bitcoin, a lot of investors felt it has surged amounting to withdrawal of investments and not willing to buy. But recently we can all see that bitcoin cannot be predicted since it goes down and up always. Achieving this all time high of 100k has left many investors dumbfounded. In as much as it's better to invest discretionarily, it has also shown its tendencies of changing ones life with a further push.

In 2011, BTC was at about 0.004k. many leased off and returned back later to buy at over 8k when the prospects grew higher. Bitcoin has come to stay and a day will come when we will record another all time high of 200k.

Bitcoin is a very good investment however there's risk investing in it that is why it is always said to invest what you can afford to lose that statement simply mean you should only use your Discretionary income to invest in Bitcoin reasoning being that your Discretionary income is a left over money after paying for necessary expenses, such as food, utilities, rent, mortgage, etc. That means even if you lost it to Bitcoin it won't affect you that much than using money meant for your necessities.
With the history of Bitcoin and it's growth we can predict it can grow more than $200k however is not certain and since is not certain anything can happen so is always advisable to use only your Discretionary income to invest no matter the trust you have for Bitcoin.