I’m constantly buying when I’m able to. In a few years the current price will seem like a joke. Anybody who isn’t buying now will majorly regret it.
A lot of people were saying the same thing when the price was in the $10-20k range, and look where the price is now. There's no telling how long this bear market (we're still in one) is going to last; just as a reminder, the previous one lasted for two and a half years.
You're right there's no time anymore cause in no time we should be heading towards a bearish and bullish seasons that might be favourable to the long-term investors. But irrespective of that I think some people are quite scared to do so, cause of the price fluctuations and they don't want to be in losses after the buy buy buy. I also felt same way but nevertheless I know in no time the outcome will be tremendous profits so I don't want to regrets, that's why I'm buy the little I can and accumulate.
I always felt very bad to see that there are still investors that are scared of buying Bitcoin either daily, weekly or monthly because of the price fluctuations in the market, that should not scared you, ever since i joined this thread i have understand that Bitcoin should always see as a future investment that means you allow it to accumulate in a lifetime cycle, so as an investors should always see your Bitcoin as a future investment, not going for quick making money without planning for your future.
Yes, you are right. Those who consider Bitcoin as a means of earning money do not know the nature of Bitcoin properly. Bitcoin is independent, so its market always fluctuates. Many people want to choose the market as their way of earning profit. But their money is lost again and again. Because no one can say when the Bitcoin market will be in what condition. Most of the time, ordinary people panic and sell their investments. They basically invest in Bitcoin by borrowing. And if they cannot withdraw that money before time, they will be in danger. This is why most of the time, short-term investors panic and make wrong decisions.
I want to tell them. Instead of investing by borrowing, invest with your own earned money and create a special asset for the future.
Investing with borrowed funds??? People just keep making grave mistakes over and over for no practical reason, a mentor once told me to never start a business with borrowed money since I would never if the business will work out, only to borrow when trying to expand an already established business, borrowing to invest in bitcoin is just wrong, the person is not just spending money that they shouldn't, they are spending money they don't even have, how do they plan to pay back the borrowed money??? I don't think any bank would wait for 10 years to get their money back, so in a desperate attempt to save their future, they end up mortgaging it.
In as much as you are right in your own perspective, you aren't getting the clear picture here, if someone is investing with a borrowed funds, it might be very good, only if the person is paying back in an installment manner were it will be debited from his or her paycheck either weekly or monthly, and the interest rate must be on the lower side of it, if this are the conditions for the loan, it's too good to turn down especially when their is a dip in the market, take note that the loan can be paid back in an installment manner from your paycheck, so you probably wouldn't feel the effect especially when it's being spread out for like three to four years payment period, it's a calculated risk actually, but if this conditions are in place, it's a very good opportunity to buy a huge chunk of Bitcoin and add to your stash.
But if in all this, if the interest rate is on the high side, it's not good to take such loan because it's not in your best interest, this my own opinion though.
One thing for sure we should always know is that Bitcoin investment is not as the same having ownership of a business such that anyone borrowing money to invest in Bitcoin must have another secured plan of paying back that is not from his Bitcoin investment because if you borrow money to invest in Bitcoin and expect to pay back with profits you get in Bitcoin, that is pure gambling than investing , no one can be certain about the future of Bitcoin so anyone borrowing money to invest in Bitcoin should have it all planned out to pay back from another source because if you depend to pay back from what you will get from Bitcoin, you will end up messing your emotions and can even die in the process especially when Bitcoin is in dip season.