GreenDust@lemmings.world to Lemmy Shitpost@lemmy.world · 3 days agoButtcoinlemmings.worldimagemessage-square49fedilinkarrow-up1521arrow-down110
arrow-up1511arrow-down1imageButtcoinlemmings.worldGreenDust@lemmings.world to Lemmy Shitpost@lemmy.world · 3 days agomessage-square49fedilink
minus-squarenull@piefed.nullspace.lollinkfedilinkEnglisharrow-up11arrow-down2·3 days agoI mean, yeah, buying at an all time high expecting to get rich is beyond stupid. That said, it remains true that any bitcoin bought and held for 5 years is worth more at the end of that 5 years than it was at the start.
minus-squareMubelotix@jlai.lulinkfedilinkarrow-up3·2 days agoYeah, the best moment to buy is the moment you start seeing memes about how bad of an idea it was to buy. Like this one. But I recommend waiting for 55k
minus-squareexplodicle@sh.itjust.workslinkfedilinkEnglisharrow-up1·2 days agoThe best moment isn’t a moment. It’s dollar cost averaging (DCA) over years. Even so-called Bitcoin experts cannot predict the market at all.
minus-squareFlauschige_Lemmata@lemmy.worldlinkfedilinkarrow-up5arrow-down3·3 days agoPractically the only time, Bitcoin isn’t at an all-time high is when the price is falling. That would be an even worse time to buy
minus-squarenull@piefed.nullspace.lollinkfedilinkEnglisharrow-up2·2 days agoWhy would that be a worse time to buy?
minus-squareFlauschige_Lemmata@lemmy.worldlinkfedilinkarrow-up1·2 days agoBecause it will be decreasing in value right after you buy it?
minus-squarenull@piefed.nullspace.lollinkfedilinkEnglisharrow-up1·2 days agoAs opposed to a little bit longer after you buy it? The point is that if you’re buying it, you should be expecting to hold onto it, not trying to quickly flip it for profit. Doing that with any financial instrument is a terrible idea.
I mean, yeah, buying at an all time high expecting to get rich is beyond stupid.
That said, it remains true that any bitcoin bought and held for 5 years is worth more at the end of that 5 years than it was at the start.
Yeah, the best moment to buy is the moment you start seeing memes about how bad of an idea it was to buy. Like this one. But I recommend waiting for 55k
The best moment isn’t a moment. It’s dollar cost averaging (DCA) over years. Even so-called Bitcoin experts cannot predict the market at all.
Practically the only time, Bitcoin isn’t at an all-time high is when the price is falling. That would be an even worse time to buy
Why would that be a worse time to buy?
Because it will be decreasing in value right after you buy it?
As opposed to a little bit longer after you buy it?
The point is that if you’re buying it, you should be expecting to hold onto it, not trying to quickly flip it for profit.
Doing that with any financial instrument is a terrible idea.