GreenDust@lemmings.world to Lemmy Shitpost@lemmy.world · 26 days agoButtcoinlemmings.worldimagemessage-square43linkfedilinkarrow-up1478arrow-down18
arrow-up1470arrow-down1imageButtcoinlemmings.worldGreenDust@lemmings.world to Lemmy Shitpost@lemmy.world · 26 days agomessage-square43linkfedilink
minus-squareFlauschige_Lemmata@lemmy.worldlinkfedilinkarrow-up4arrow-down1·26 days 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-up2·25 days agoWhy would that be a worse time to buy?
minus-squareFlauschige_Lemmata@lemmy.worldlinkfedilinkarrow-up1·25 days agoBecause it will be decreasing in value right after you buy it?
minus-squarenull@piefed.nullspace.lollinkfedilinkEnglisharrow-up1·25 days 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.