Re:Bitcoin passes 10,000 USD
by tluyben2 on Tuesday November 28, 2017 @08:04AM
(#15796826)
I said the same with many warnings surrounded (and I never called it investing), but happy I did buy and a few friends are very grateful. However it could've been the reverse.
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Re:Bitcoin passes 10,000 USD
by jaymzcampbell on Tuesday November 28, 2017 @08:11AM
(#15796883)
> it could've been the reverse
Totally this. I get asked by friends if they should buy in (or buy more) and my answer is always "if you can afford to lose it, sure". I feel like people asking if they should buy or not right now will be far too distracted by the volatility to profit. If you're asking this (in the hope of a black and white "yes/no" answer) then you will probably also panic sell if it drops 10%, which would be nothing in the context of this year.
Dollar cost averaging is what I suggest to my friends (and again, only if they are "happy" to potentially lose a percentage of it quickly as much as they gain). Of course, nobody wants to hear that!