Quote from: YOSHIE on Today at 03:48:28 PM

Quote from: believer93248 on January 08, 2025, 06:47:57 PM

~Snip

If you choose to invest in Bitcoin, the most importantly embedded in your mind is determination and belief, you must look at Bitcoin that will never go down again, You have to see the history of the birth of Bitcoin until now, if you are hesitant you should not make an investment in bitcoin looking for alternative investments elsewhere.

I don't completely agree with that idea especially when you try to say that bitcoin will never go down in price again. In reality, the price of bitcoin fluctuates all the time and that is one thing every bitcoin investor needs to consider. If they are ready to face all the risks involved, then they can invest in bitcoin. Instead, they have to look for alternative investment assets if they cannot bear the investment risk of these fluctuating assets.

Quote from: YOSHIE on Today at 03:48:28 PM

The current price of Bitcoin is $104k, you have to be sure that is not the highest number, you have to believe that Bitcoin can reach a price of $200k in the next 2-5 years, if you have mature thoughts like that then you can invest, If not when the price of Bitcoin drops to the price of $ 80K and stay there for one year you will panic, so that you make the decision to sell it, if you do it fatal.

For this reason, confident in yourself in terms of investment and assets you want to invest, for example bitcoin, wrong and hesitant backwards.

The current price of bitcoin is worthy enough to be called a high price, but other high prices can still be achieved by bitcoin. The demand and supply that will always exist in the market will make the price fluctuate, so the price could be higher or it could be lower. What needs to be considered is the risk, the other thing is the investment strategy and management which includes careful planning.