I don't have any interest in mining cryptocurrency but I do invest in them. I didn't get to join BTC when it was $1 in 2011 but I still managed to get in on it and also took advantage of Ethereum.
Love this post. I have found in life that the steady thing that takes time usually pans out. It's the get rich quick schemes that will have you broke. Steady wins the race more often than not.I have traded it on forex, all kinds of things with BTC and cryptos in general in the past but for me what seems the best thing is the simplest. HODL (Hold On for Dear Life). Buy and hold and keep buying. Over time, you will do extraordinarily well. Depending on how much you invest and are willing to hold it, its one of the very few rare things you can become a millionaire in, in a fairly short period of time. Also, just sticking to BTC exclusively and maybe a little ETH. That's it. No other alt coins, just BTC. Keep it boring and simple, buy and hold and keep buying.
That seemed the best to me and its what I do solely. In the time I've been in it, I've never seen it go more than 3 years without blowing up and going parabolicly high. The best MFN investment I've ever made. And I've tried a lot of them.
For those that were able to take the advantage and invested in BTC when it came down to $18k few months ago are the fortunate one's right now because they are immediately enjoying the bullish run of the coin. Although, some people still believe that trading the coin on futures is best for now.
Steady mining it and ETH. #Clockin #FullStreamAhead #HODLSome dude I work with was trying to convince people that Bitcoin and crypto, in general, is a trap. They want to normalize it so they can use the system to control people's money across the board.
Someone else said he is just saying that so the numbers dip lower and he can get more for his money! LOL
There's a guy that I follow on Twitter that always gives updates and analysis on how Bitcoin price behaves for a while now, his last update was that BTC wouldn't fall back to $19k again in a very long time. If that happens, we have missed out on the opportunity.I am looking at the situation where it will drop again, so that I can buy. I always know that Bitcoin will appreciate in value even when it dropped to $18k. I didn't have enough funds on me back then to buy and I honestly regret it at the moment.
There's a guy that I follow on Twitter that always gives updates and analysis on how Bitcoin price behaves for a while now, his last update was that BTC wouldn't fall back to $19k again in a very long time. If that happens, we have missed out on the opportunity.
Disclaimer: Nothing is guaranteed.I have invested what I need to invest in Bitcoin now, so I'm only hoping for it to go a long way in being bullish again. I'm not sure if we would be seeing BTC get to that $40k upwards range again. If that happens, then I would be in for a huge payout.