Topic: Newbie Don't be afraid of buying Bitcoin - page 4. (Read 472 times)

I say as a newbie if I had a lot of money I would have bought Bitcoin because I know there is less chance of loss it is a permanent investment and permanent investment does not have loss I see that they are all in a very good position now, and I also dream of creating life through dreams among them.Comparing bitcoin to dollar is not because bitcoin is one kind of process dollar is different process you are saying that now the rich will continue to advance because those who have invested are not afraid and will continue to do so.Those who are rich in dollars will be rich in front of two cases. It is normal because the newcomers are a little afraid of whether there are new hadith, but I think that the current market system Or the stability of Bitcoin. It seems that we should buy the currency with whatever we have. In the future, I will certainly buy and hold according to my ability. Those who do not buy now will lag behind They will ask why I didn't buy it. Experienced people who are buying it will bring benefits in the future.You are right that people who are buying wealth now will be rich in the future.

Take note they're wealthy men.
So invest what you can afford.

If you have an amount that you can afford to wait to make a profit why not you were afraid?
People who understand the Bitcoin concept will surely not hesitate to invest in Bitcoin since they know how much potential it has and people you mentioned above they know it.

It's wrong to hold bitcoin because CZ does. The fact they're big doesn't make them smart. Nobody knows what the outcome of bitcoin price would become tomorrow. So, if a person wants to hold bitcoin, they should do that for a personal reason. Not because others do it. These people you mentioned, can wake up and sell their bitcoin. Do you expect those who hold btc because of them to sell too? that's what it'll be. Bitcoin will suffer more loss, if that happens. Bitcoin is a choice. Its risk is not generalized, the effect is different for individual investors. Some doesn't fear price drop, while many others do. Investing huge amount of dollars into bitcoin gives steady profits if the price moves. That's why these guys hold bitcoin. Even if the price adds by $1k their profit will be huge. When it falls they buy more to hit more profits sooner. The rich are into business, they get richer because of their acumen. Bitcoin has become a game for the rich traders and investors. Who may, for now, not have any reason to sell their coins. Just like someone pointed this out, without having extra income hodling bitcoin is like mocking yourself. It's true they're people's mentor and their bitcoin moves influence others to hold. But, personally, I don't have to wait for CZ before I sell my coin. Our lives are different. If selling their bitcoin would save their company from falling, wouldn't they do it? What matters most for A may not for B. They're people who don't hold a single bitcoin, but they are richer than all the names you mentioned. Because bitcoin is not what matters in their life. It could be crude oil that does matter to them or other investments. A person can sell their bitcoin and invest into other business and hit big profits, which can buy them more bitcoins than they had. It's all about planning and maintenance of wealth. Also, remember, hodling bitcoin is like saving volatile money. The hodl thing keeps popping up because we all hope for the best. And bitcoin has proven countless times, that it's highly volatile. It doesn't fail in terms of volatility. So, if a person doesn't have enough to take care of himself. It's wrong to hold bitcoin due to CZ and others are holding it. They can use their bitcoin to settle financial problems. Bitcoin was also created to do that. Not just save.

Buying of bitcoin is mind and the person that does not have fear or shake during the time bitcoin is decreasing as a Newbie is someone who knows about bitcoin, some newbies why they are afraid of buying bitcoin and when they buy bitcoin the price of bitcoin they buy began to fall they will be regretting, it is because they have not know bitcoin and sometimes you should not blame them because bitcoin price will fall and rise and put fear to them because they have not experienced falling and rising of bitcoin price before, even till now some people I know very well don't like to invest in bitcoin when the price is falling

These mean you have mentioned are already wealthy. They are dollar wealthy and Bitcoin wealthy. If I were the one with such amount of wealth. I wouldn't mind buying some more Bitcoins every other day. If Newbies only have more monies that they cannot afford lose, they won't be afraid of invest it.

This is a good topic. If not because of business that you have fiat, holding it is stupidity. If you buy asset, your wealth will grow. Bitcoin is an asset, people buying it makes their wealth to grow as bitcoin has shown since it was created till now.

I think we can mention Microstrategy also.

The purchasing power of 1Us dollar vs 1Bitcoin clearly shows that one is going to zero, while the other is not.

When we compare Bitcoin with the best, most used fiat and most reliable currency in the world, the Us dollar it clear show that Bitcoin is on a different level to the Us dollar.
Let me show you why wealthy men like changpeng Zhao(cz), Brian Armstrong, Jed mc Caleb etc can hold billions in Bitcoin without being afraid.
 
If you are afraid that Bitcoin would go to 10k,ask yourself why they hold billions in Bitcoin.
Don't you think that they had more insight than you will ever have?
Why do you think Nasdaq crashed 1.8% 2days ago  and Bitcoin holding 27k line? Buyers still buy no matter what, that shows confidence in Bitcoin, and remember retail got no money right now.
Inflation is too high, retail salary vanished day it arrives, it not retail that buy Bitcoin now,
you wouldn't like to hear this, but the one buying assets now are the wealthy, they will likely continue the trend of the rich getting richer