Right that is best time for the investor wgo want to enter in the crypto market and he has no knowledge to invest in cryptocurrency. He should invest a small amount but should forget this investment and hold that investment for the years. Many people are doing Investment and are they are earning but you should think big and should ready for the change in status . When you will change your mind then you will be rich person of your area Bitcoin is not risky because people are getting profit amd market will go up in the next coming years and should invest for 5 years . Investment matters on your income and your savings And of you are good job holder and has good money, you should invest money in cryptocurrency.
Zaka1221, I think you need to be a little bit more direct as to saying people should invest in cryptocurrency because it might look a little bit misleading to newbies finding it difficult to invest. Talking about investing in cryptocurrencies could refer to shitcoins which for me I don’t really buy such idea as to shitcoins investment. If you’re talking bitcoin then it should be clear so the newbie wouldn’t be misled into investing in shitcoins. And again I find it misleading when you said bitcoin is not risky simply because people are making profit from it. Yes of a truth people are making profit off their bitcoin investment, but does that really makes it risk free?. As far as I’m concerned no investment is risk free including bitcoin, but the risk associated in bitcoin investment can be mitigated with the right strategy and investment goals especially for an investor whose strategy is focused on the long term goal of accumulating with the DCA method and hodl for long run , unlike other shitcoins investment where the risks involved is too high and the loss will be more.
Personally from my experience it will be a mistake for you to jump into bitcoin investment simply because you feel someone is making profit from it and you also decide to join with the sole aim of making such profit without you having the right approach, it might just end in a disastrous outcome. Such mindset is a trading mindset and not really investing/investors mindset.