GreenDust@lemmings.world to Lemmy Shitpost@lemmy.world · 2 months agoButtcoinlemmings.worldimagemessage-square49linkfedilinkarrow-up1525arrow-down110
arrow-up1515arrow-down1imageButtcoinlemmings.worldGreenDust@lemmings.world to Lemmy Shitpost@lemmy.world · 2 months agomessage-square49linkfedilink
minus-squareFlauschige_Lemmata@lemmy.worldlinkfedilinkarrow-up5arrow-down3·2 months 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 months agoWhy would that be a worse time to buy?
minus-squareFlauschige_Lemmata@lemmy.worldlinkfedilinkarrow-up1·2 months agoBecause it will be decreasing in value right after you buy it?
minus-squarenull@piefed.nullspace.lollinkfedilinkEnglisharrow-up1·2 months 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.
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.