Topic: Should you buy bitcoin right now? - page 8. (Read 1187 times)
There is an interesting statistic which I came across recently. Bitcoin has been in existence for more than 12 years and it was first mined in 2009. And anyone who invested in Bitcoin from 2009 January to 2020 December is in profit right now. Only those who invested during a couple of months in 2021 are in loss. So 148 out of 150 months, Bitcoin has given profit for its investors. Now compare this statistic to that from various mainstream investment assets. I am 100% sure that it will be difficult to find an asset with a better percentage.
If you have real uses of BTC (other than trading or invest for the long run) you shouldn't care about the price. Even in the case of 1 BTC=1$.
For example, you want to buy something costing $100, you buy $100 worth of Bitcoin. If BTC goes to 1$ you still have 100$ of BTC.
So what?
And that's the most important thing => use.
People should stop thinking of it as an investment vehicle. This is a mentality that really needs to change (for the benefit of Bitcoin).
And as proof, look at how the weak hands get out of the market as soon as the price crashes. For the people who really need Bitcoin, they will still be there, even if the price is dropped by half. The ecosystem will develop because there are people who need it, not because there are some people who think they are traders and spend their lives on Binance chasing the best shitcoin of the day
Satoshi didn't create Bitcoin as an investment scheme. Of course, you can gamble on its value if you want, but the price will increase with the real use cases, not because there are a bunch of people speculating on it
At the same time, the more people with real uses, the higher the price will go.
Should you buy bitcoins now? This is a question we hear every year, and every year the answer is the same.
For example, you want to buy something costing $100, you buy $100 worth of Bitcoin. If BTC goes to 1$ you still have 100$ of BTC.
So what?
And that's the most important thing => use.
People should stop thinking of it as an investment vehicle. This is a mentality that really needs to change (for the benefit of Bitcoin).
And as proof, look at how the weak hands get out of the market as soon as the price crashes. For the people who really need Bitcoin, they will still be there, even if the price is dropped by half. The ecosystem will develop because there are people who need it, not because there are some people who think they are traders and spend their lives on Binance chasing the best shitcoin of the day
Satoshi didn't create Bitcoin as an investment scheme. Of course, you can gamble on its value if you want, but the price will increase with the real use cases, not because there are a bunch of people speculating on it
At the same time, the more people with real uses, the higher the price will go.
Should you buy bitcoins now? This is a question we hear every year, and every year the answer is the same.
In short, buy Bitcoin at any time will always profitable in the long run if you keep holding, so it's never late to invest Bitcoin. If you use Bitcoin for trading, then it's different since you need to analysis to find the right time to buy.
But right now the price keep dropping day by day caused by FUD, some people dont panic selling and some people waiting how long this dump will end to buy the bottom. It's better to buy Bitcoin right now if you had fresh money.
But right now the price keep dropping day by day caused by FUD, some people dont panic selling and some people waiting how long this dump will end to buy the bottom. It's better to buy Bitcoin right now if you had fresh money.
So you are saying to buy it now because we are going to tell it again? "Should've bought more BTC."
In theory, it's a good thing. As time goes by, many more people will get involved and possibly have money to invest in the crypto market and make it even more applicable to everyone because almost everyone has smartphones to use. Once that happens, demand will rise, and it's a great hedge against the dollar.
If you think about it, all the things raised in price because of inflation. So usually, in the long term, it's going to rise in price as well. It's still best to risk what you can afford to lose and invest in what you believe in.
In theory, it's a good thing. As time goes by, many more people will get involved and possibly have money to invest in the crypto market and make it even more applicable to everyone because almost everyone has smartphones to use. Once that happens, demand will rise, and it's a great hedge against the dollar.
If you think about it, all the things raised in price because of inflation. So usually, in the long term, it's going to rise in price as well. It's still best to risk what you can afford to lose and invest in what you believe in.
it's too late to buy Bitcoin. Its value is increasing day by day.We should have bought it couple of years ago. In 2025 people will say it again, it's too late now. It us said that the future economy will depend on bitcoin.
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