Since Bitcoin 'moon' in December 2017,
friends of mine keep on telling me that they will be buying bitcoin if it drop 50%,70%.
Today the price of a bitcoin is at around 7.5k USD
Appx. 60% of correction since then.
Bitcoin even hit 5.9k USD on June.
A massive 70% correction.
Thus i get back to my friends on 'purchase your very 0.1 bitcoin yet?'
The answer i get are
'not gonna buy into this bubble'
'i will wait until it drops to probably 1k usd'
Without fundamental understanding of bitcoin,
i doubt any of them will eventually buy into any bitcoin even it drop to 100usd.
(Which is unlikely to happen lol)
What is bitcoin to you?
Commodity?
Stock?
Assets?
Currency?
How long do you plan to hold one this?
Dump it once you've earn 1%?
To the moon?
or until your child able to spend it?
Nevertheless, for me bitcoin is meant to stay.
Would I buy Apple stocks when it is $1 or $10?
I will definitely buy both if knowing the return is going to be so juicy now.
Same goes to bitcoin.
Stack up bitcoin slowly, but surely.
The best time to buy bitcoin is always NOW.
It will not disappoint you. =)
Feel free to ask me any question!
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Long term hold all the way :)
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You're right. It will take a while for Bitcoin to get back to the moon. Long term hold is Indeed the best plan
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