Post
Topic
Board Economics
Re: Invest today for the raining days tomorrow
by
CryptoBuds
on 31/12/2024, 07:43:38 UTC

It is better for every person to invest according to his ability. He must find an alternative means of income at the right time. However, if someone chooses Bitcoin as a means of investment, then he will benefit the most. Here, if someone wishes, he will get the opportunity to increase his Bitcoin portfolio by doing DCA at a regular base. On the other hand, with the potential that Bitcoin has created, an investor will get several times more returns in the long term by investing in Bitcoin, which can be used as security for his life.

I am not denying the potential of bitcoin as I am also investing in bitcoin but I would say for long term investments for our retirement planning. I recommend people to diversify their assets, not just focus on one asset, especially new and highly volatile assets like bitcoin. Don't forget that high returns come with high risks, anything can happen and with relatively new assets like bitcoin we have to be extra careful instead of thinking it's absolutely safe. So diversify our investment even if it does not give maximum profit but it will be safer for us.