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Bitcoin and cryptocurrency at large are two edge sword and one thing is certain, is either you are losing or you are gaining, the coin is solely dependent on the investor.
We don’t have to start talking about the price of bitcoin as at 2015, because all this incidence made up for today’s glory and if you’re to talk about past incidence. Then the pizza story should have made the guys felt extremely bad but trust, me all those stories gave rise to the glory present glory of today.
Rather than feel bad of the past, we should look to future so you and start holding no matter how little it is
If you invest in Bitcoin the right way then you won't get smite by the sword, there's always profits for those who invest on it the right way, I mean buying and holding for long-term so anyone who complains about lose are those traders that want it the quick and easy way which normally leads to their doom. Well we can't talk about the history of Bitcoin without involving the past but instead of dwelling in it and wishing you had the opportunity to invest then, it best you learn from it, atleast there's still hope that the numbers would keep getting better in the future and since Bitcoin is still at the early stage the best time to start investing if one haven't started is now, there's no need to envy those who invested in 2015 cause some where not wise enough to hold, most sold and are even regretting.
I agree with you. You have drawn a line from reality. The reality is that those who have invested in Bitcoin in the past have not been thinking about long-term investments for a long time. There were some reasons behind this. At that time, many people had different ideas about Bitcoin, and many people expressed different opinions. Since 2009, there have been various disagreements among people about Bitcoin. Some have shown a positive view, while others have shown a negative one. But at this time, most people agree about Bitcoin in this matter that when they had learned about it at that time if they HOLD it for a long term investment, they would be in a much better financial position today. I also completely agree with this. Because now the point is clear .the longer you can invest in Bitcoin, the more profitable the response will get. Now I want to talk about another thing, which is another idea about Bitcoin is that some people think that one day it will be used like a normal currency. Many people have talked about this, and I used to think so myself. But what I think now is that if Bitcoin is to be used as a normal currency, then it will have to reach the level of purchasing everyday goods and services with Bitcoin. But for people, Bitcoin has now become a higher-quality asset than digital gold.
Just as no one would go to the market to buy everyday goods with the gold what they have. people would not want to spend Bitcoin like ordinary money.I think people should invest their discretionary income in Bitcoin regularly and hold it for the long term. Investing in Bitcoin according to the method is now much more convenient because it allows you to invest in Bitcoin on a weekly or monthly basis without worrying about price fluctuations.
And for those who are new to investing, it is a very effective way. The main point of the DCA method is to maintain continuity. And to do this, you do not need a lot of discretionary income.
Holding Bitcoin is highly effective for long term gains.