Investing is always gambling

in bitcoin •  5 years ago 

There are tons of people out there saying you can time the market and play the swings to the upside or the downside. There are tons of YouTubers who trade stocks and Cryto Currencies, but it seems dangerous to trade into either of them. They can do technical analysis and say the market will go up or down, but they always say it can go the other way up or down.

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Investing and keeping your invest and holding it seems to pay off handsomely if you pick the right thing to invest in. I know someone who got into Apple when it was just $80 per share. If you would have bought Netflix in 2008 you would have bought it at $4.60 and it is worth over $340 now at the time of this writing.

No one knows where Bitcoin goes. I saw tons of people on YouTube calling for a downturn. The technical analysis screams we will correct down into the $4800 region or the $6700 region. We are no where close to that right now. We are at $8100 right now. We could correct or we could blast off into $12,000 literally no trader or YouTuber knows. They always say it could go either way.

As most people say invest when there is blood in the streets. When no one wants to buy a specific stock buy it. When everyone says some high quality Crypto like BTC or ETH look to get into a position. If you do get into Crypto or stocks and hold it you'll generally make money in the long term. Now if you bought a BTC at $20,000 then you still lost money, but you could have bought more at lower prices to recover your losses by now, but investing is always gambling. And in my book it's always going to be a rollercoaster ride.

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