What is the hell Bitcoin!!!
So I have just invested in bitcoin yesterday, and just my luck it is crashing! Does anyone know why it is now plummeting to the bottom!
So I have just invested in bitcoin yesterday, and just my luck it is crashing! Does anyone know why it is now plummeting to the bottom!
In investing, what is comfortable is rarely profitable. Be prepared for ups and downs. My advice to any new investor in this market is to make a plan before investing and keep to it without checking the daily ups and downs.
Do you think bitcoin will be worth more in 1 year? 2 years? How much do you think it will be worth in 5-10 years? Think about this long and hard before you sell and immediately lose your position.
I believe it will go back up but this happens to me all the time, I am trying to do day trading. I should of sold last night and then bought during this low, I wish I didn't need to sleep cause I would of sold before it dropped to low and then made a profit by buying at this low point. Thanks for replying to my post, you are kind to ask me these questions, it helped me deal with the situation!
No problem. My advice to anyone new to the scene is to do "Dollar Cost Averaging. " Basically budget in X dollars a month you plan to invest and on the 1st of the month buy in for that amount no matter what the price is. This will average out your buy prices and keep you from emotionally buying or selling during major price fluctuations.
That is a really cool idea! Thank you, I will do that.
It'll come back up don't worry! It did this a month or so ago dropped hundreds, it will rise :)
I surely Hope so! Thank you for the reply!