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Bitcoin investment


Zkybaby

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Anyone interested to invest in Bitcoin?

 

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Edited by Zkybaby
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  • 3 years later...
On 3/10/2021 at 11:05 PM, Zkybaby said:

 

Anyone interested to invest in Bitcoin?

 

 

I would never invest in bitcoin or any other cryptocurrency.  I don't find anything tangible in that.  Am I wrong?

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  • 3 months later...
On 5/21/2024 at 10:18 AM, Steve5380 said:

 

I would never invest in bitcoin or any other cryptocurrency.  I don't find anything tangible in that.  Am I wrong?

I've found that there's not much harm in trying out a small investment in BTC.

Sometime last year when BTC was cheap, I bought into it and held it till the first quarter this year, and I realised a doubling of my capital... made a tidy profit.

So I've withdrawn all of it and now waiting for it to go down in price before buying some again. 

Its not that you are wrong, you need to look at where the market is, and with strong buying momentum i.e. a bull run, then just plonk a bit of cash in, and take

the profit when it has reached your expected returns. I just keep it simple.

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7 hours ago, mike_amk said:

I've found that there's not much harm in trying out a small investment in BTC.

Sometime last year when BTC was cheap, I bought into it and held it till the first quarter this year, and I realised a doubling of my capital... made a tidy profit.

So I've withdrawn all of it and now waiting for it to go down in price before buying some again. 

Its not that you are wrong, you need to look at where the market is, and with strong buying momentum i.e. a bull run, then just plonk a bit of cash in, and take

the profit when it has reached your expected returns. I just keep it simple.

 

You experience with BTC is what you would have with other investments in stocks.  This BTC is very volatile.  You can gain big, and you can lose big.  Good luck!

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6 hours ago, Steve5380 said:

 

You experience with BTC is what you would have with other investments in stocks.  This BTC is very volatile.  You can gain big, and you can lose big.  Good luck!

I'm extremely cautious generally, but do have an appetite for risk taking at times when there is strong momentum.  I have a basket of cheap coins, that are more for holding on to and to sell off when they go up.  

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