Currently Bitcoin price has fallen to the level of $ 16.6k. In fact, many observers say Bitcoin will fall near the bottom of the cliff at $ 13.6k. On social media a lot of FUD spread by the whales, so that novice and retail investors will sell their Bitcoin immediately. But optimistic investors will certainly hold on to their Bitcoins and let the FUD news pass. and they believe history will repeat itself and Bitcoin will be able to create new ATH. How about you?
Are You Still Optimistic on Bitcoin?
- Thread starter Suba
- Start date
- Thread starter
- #5
Personally I am also very optimistic about Bitcoin which will soon be able to create a new ATH. Besides I will buy Bitcoin with idle money, I am also trying to get paid Btc from earning sites.
Alot of cryptocurrency ethusiasts are assuring that cryptocurrency is a safe mode of l;egal tender but with the current happeings i am afraid that paper based cash has worn on this.The current hit on FTX of which alot of exchangers have distanced themselves from and have continued to assure that they pride themselves on keeping safe the digital assets.But this has changed the narratic and this is a second big incidences among the other financial disasters recently.So i think we all should normalize the pewrcentage of our wealth we invest in cryptocurrency.
@Bisolami i can safely say that crytporrency is still an experiment and not a gauramteed investment tender for building wealth.Current position from a mass of specialilized investments experts out there is that the risk percentage of investing in long term in digital assets should not exceed more than 20 percent of your total portfolio.
You should involve your personal financial advisor before making such a board decison.If your wealth portfolio exceeds $650 then you can afford to hire a financial expert to look at building you wealth since they charge about $70 to $250 for such grades category of investors.They will tell you that you cannot invest most of your money in cryptocurrency.
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Thats the way to go you can buy and hold for now when the price is up again and you can sell it off for profit
I am glad that it has given you a different perspective on how to look at things,it is my job to make sure that i put people in that position to make an informed decision unlike making an impulse decision that can affect them for a very long time of their lives.
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- #15
It seems that you have experience in the crypto world, so you can determine when to take profits, and buy when the Btc price is cheap, if we do this repeatedly, the profits will be even greater.
You are very right,the thing with alot of people is that they make decisions based on what other people ae sayimng and withpout having to verify wgat really is the pros and cons.Imagine someone ending up borrowing in hopes of making a profit from something they are not sure about and are not willing to learn and understand.
Chances of making a huge finacial mistake are very high in such a situation.
Which is the problem with alot of people,it is important to get to understand something befor you excecute it so that you make well informed decisions.This will be very good for you and most of us.On top of it all what is the key thing as well is trying to opoerate or involve oneself with things that are rewally gpoing to work.Understanding VIABILITY is very key.
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- #20
To get free Bitcoins I only use 4 legit sites like: Freebitco.in/?r=845220, Cointiply.com/r/AzkO, Firefaucet.win/ref/299165 and r.adbtc.top/11897. As for monetizing my blog and website, I use a-ads.com
