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Author Topic: obsolete bitcoin investment advices [change needed]  (Read 314 times)
Outhue
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May 29, 2023, 07:18:30 AM
 #41

If your plan is too make a fortune from Bitcoin investment, your spare money can still get you there, I am sorry to say this OP, your first point is utterly stupidity, when you are asked to invest your spare money it's for your own good.

A bear market can take up to 2 and a half years and we don't know how long this bear market will last, imagine this takes 3 long years and you invest money that you will need after a year, won't you end up selling your Bitcoin for loss because you need the money after a year? This is why using spare money that you won't be needing in the short or long term is the best.

You can still make a lot with spare money investing in Bitcoin, the longer the bear market the better, if you can successfully invest 300$ in Bitcoin per month, in twelve months that is 3600$ and in three years you would have invested 10,800$, and since you are taking advantage of the bear market you will still make some good amount of money, now imagine if Bitcoin does a 6x in a bull market.

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May 29, 2023, 09:58:52 PM
 #42

2. Invest what you are able to lose;
I have a question!
Who has ever lost in bitcoin?

Are you serious? Anyone who bought in at above the current price is at a loss. "You don't lose if you don't sell" is nonsense and nothing but a coping mechanism.


But with bitcoin having  proven that it can resuscitate after crash, the advice should be rephrased as Invest what you will not be needing in the next few years. It will not be advisable to use the money meant for your childrens school fees for bitcoin. Just have an investment budget from your income that will not negative alter your living state.

What you're proposing is not much different from "don't invest more than you can afford to lose", the only difference is that you seem to guarantee that BTC will keep breaking the new ATH every "few" years. Nobody can predict what will happen in the next few years, and there are good arguments out there for the next cycle to not reach the previous ATH.
I'm sure you wouldn't be giving such guarantees outside of an anonymous forum if you could face legal consequences for giving bad investment advice.

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