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No. I don't think so because most of the time, you are waiting for the right time to yield a large profit and what you are saying is that cryptocurrency is like winning a lotto but it is not, it is more like a game of chances wherein you either earn a profit or loss an investment or get a break even. Entering the cryptocurrency market is something that should be practiced with patience.
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I think the time that was good to invest was the time when bitcoin was in its lowest price because you can afford it a lower price and you can buy more coin but now that its price is up maybe this time the profit you will get will only be few or just a break even, I think you should've trusted that the price will spike when it was on its lowest, trust in the market is a very good attribute for a smart investor, and I think this bandwagon hype shouldn't be practiced because it will surely backfire.
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You should buy right now, because the price are still on its lowest and you should not wait for it to go up, if you buy right now you can get more coin but when you are waiting for the right time maybe things will get awry for you and you might end up regretting and frustrated.
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I don't think quitting will help you in any way because you might end up regretting and getting frustrated when the prices of cryptocurrency in the market goes up, that is part of being a smart investor, having the ability to never give up. Plus, quitting means you have a low trusting ability on anything so quitting is synonymous to being skeptical which is not good in the market industry.
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As an investor one thing you shouldn't engage yourself with is Predictions, if you want to be successfully in this Crypto ecosystem, you need to stay off any form of market prediction.
Here are few reasons why you shouldn't engaged with it (market/price prediction)
1. Predictions can be wrong
2. Listening to predictions makes you a speculator
3. Listening to predictions makes you an onlooker
4. Price prediction gives you nothing for today, only false hope
5. Listening to price prediction makes you think in one direction
Finally
Don’t let speculation and assumption make you decide what to do.
I think you are right because doing things like predicting something if you don't know anything about it will only make you frustrated which then leads you to think with a narrowed perspective about something which is kind of looks dumb to me because in the end you just used your time just to do something that might not happen. |
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It's effect is only on individual level but that is a really big help because success comes from little steps.
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I think it is really the time to divulge the true face of the creator of the almighty bitcoin. If satoshi reveals himself, that will surely be written in history.
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Before banning the bitcoin in a certain country there is a procedure in the government whether this policies they will impose will benefit all or not, there will be votes to tally if they will ban cryptocurrency or not, it is a pain-in-the-ass procedure that it will take a long time for these policy of banning bitcoin is in effect, government also should hear out the voice of people whether bitcoin benefits them or not too.
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Tell him that bitcoin is a booming industry and currently its prices are soaring up again and that the next month you can't afford it and then the coin will go down again which makes it frustrating. Also tell him that bank investment doesn't promise large profit because it relies on interest which is very small and the profit is small for an annual saving.
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Yes, it can become a mainstream since you are aiming for a decade which means a lot could happen and things might get really exciting for bitcoin, with a lot of future unknown twist and turns, my answer is still a hunch because bitcoin is showing an immense amount of unpredictability in the market.
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Definitely I will hold my coin because I've been through a lot with this unpredictable fluctuations in the market and I already know when to sell and when to buy, you are right experience does a lot of help.
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Bago ka sumabak sa isang bagay na di mo alam ang mga pasikot-sikot gumawa ka muna ng extensive na research tungkol sa bagay na iyon upang magkaroon at madagdagan(kung may alam ka na kaunti) ang alam mo malaki ang maitutulong nito sapagkat daig ng may-alam ang mangmang.
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