Ninjastic
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Re: Buy Buy Buy or Sell Sell Sell?
by
EarnOnVictor
on 31/12/2024, 13:41:03 UTC
Quote from: Hardyrobust on December 30, 2024, 05:48:54 PM
Quote from: Fara Chan on December 30, 2024, 08:58:12 AM
Quote from: OsaiEmma on December 27, 2024, 10:03:44 PM
Quote from: JayJuanGee on December 27, 2024, 06:48:37 PM
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Well, I will have to agree on this one cause the rate at which BTC is pumping right now, the cost of frontloading your investment portfolio into Bitcoin will be really expensive, but hey you never can tell, someone with a deep pocket can just do it (still a presumption thought)
Such a thing does not need to be assumed because most people can also see that at this time there are already many rich people with deep pockets who want to buy Bitcoin without thinking about the expensive costs. Because people who already understand Bitcoin will never stop buying Bitcoin and they will even continue to be enthusiastic in buying when they see the price of Bitcoin which has increased. But if you do not have deep enough pockets to be able to buy Bitcoin in large quantities, you can still buy it little by little because that can also be a good option for people who do not have that much money.
The money we should invest in bitcoin is our discretionary income and not the other way round the reason why some people are to buy now is not because of the current price of bitcoin but rather they undermine the worth of bitcoin and they are afraid to take the risk. Traders are mostly the one that is seeing the current price to be too expensive because they are looking for short-term profit
Can you even hear yourself? Why would traders see the price of Bitcoin as expensive when they are interested in a quick buying and selling? That's not accurate, for traders are interested in the slightest fluctuation of the market price in their favour and can profit on both sides (Buy or Sell position). Investors should mostly consider the purchasing value of their asset and the intended goal of purchasing it.

Many of you might also fake it to call black--white, but the truth is that the Bitcoin you bought at $10,000 is cheaper than the Bitcoin you bought at $100,000 and the profit the two would earn when Bitcoin gets to $150,000 aren't the same, let's stop pretending that the value of Bitcoin is always the same at all prices, smart investments and planning are keys.