Post
Topic
Board Bitcoin Discussion
Re: Bitcoin price hit a new ATH again at $107,500+ and I am happy to see my friend h
by
Ultegra134
on 17/12/2024, 06:38:21 UTC
I wonder how happy your friends gonna be if bitcoin drops down to let's say $60k, which is always a possibility.  Tongue

Anyway, I sure hope you explain to them that in the end there's still some risk involved and there is always a chance (despite how small it is) that they will end up with nothing.
It's kind of funny that a large number of people don't think of that scenario when investing in Bitcoin. Everything is possible, and to be honest, it's highly probable we'll be in another bear market after the year 2025. As others have already suggested, the OP shouldn't make promises that can't be kept; it's not on you to promise them it'll surpass $150,000. You mentioned 2024, but I'm assuming you meant 2025. Maybe it will, but maybe it won't; the price goes both ways. You've prompted them into buying Bitcoin, but that doesn't necessarily mean that they have full knowledge of how to manage their investment. Being overly confident is as bad as being overly pessimistic.