RE: Should we stop buying bitcoin?

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Should we stop buying bitcoin?

in bitcoin •  7 years ago 

looks like you suffered a significant loss. its not a bubble though. the volatility has been there from start we just have to be prepared for all scenarios.

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But safety is best option so try to save yourself before any loss instead of learning a lesson after a great loss.

i have been trading when bitcoin prices were $1500 till all the way to $19k and i am still trading at current prices, i have been able to gain some all the time. every market has an opportunity and its a great learning curve too. i am not here to play safe. there has to be risks in order to get rewards. no risk, no rewards. i take calculated risks though.

Agreed but not agree. I had the same logic that no risk, no gain but at sometimes, I had to be pushed so hard to the wall that I have to risk everything which was still like a nightmare for me still after years but yes, you can gain without risk but not risking your all limits.

calculated risks with a strategy are good. normally i ask people before trading

  1. Are you spending money which you are willing to lose or not.

  2. Do you have a plan if bitcoin going to 100k and takes whole market up

  3. Do you have a plan if bitcoin goes to $1000 and stays there for a couple of years.

  4. Do you have a plan if crypto market stays at current prices for next few years.

as long as you have done your homework for above you are good. now i am going to add another question

  1. Do you have a plan if your govt bans crypto completely.

you just need to work out a strategy and stick to it. most people who lose money dont do their research and homework and dont give it time. its not a get quick rich scheme where you put some random money and random price for a random coin and expect 10 times return.

wow.. I am really impressed with your strategy.
Yes, I had not plan b while taking risk. There was not such detailed thinking of mine at that time.
Thanks for sharing such a great work.

there are ways you can earn even in a sluggish market as well. if you want to ask questions about it, add me on discord and we can discuss there.