Quote:
Originally Posted by blackmonsters
OK; but how does this do me good to buy now for the first time?
If I bought at $200/$3000, then I'd be great.
How does buying at 19k make sense now?
I need 3 times the investment to make real money, so waiting for it to go back to $60k seems unrealistic right now.
 |
If you are going to buy Bitcoin, you need to educate yourself first about all the factors that can affect the price, e.g. interest rates, macro outlook, Bitcoin fear and greed index etc etc.
It is only when you
fully understand an asset that you should invest in it.
The other thing is Bitcoin is a
high risk asset, and should probably only be a small proportion of your overall asset portfolio.
The days of getting rich just by buying Bitcoin are probably over, because you are no longer early to the party.