Profitability is the Goal: 10 years from it won't matter if you bought Bitcoin at $17k or $20k

over 1 year ago (Edited)

10 years from now doesn’t matter whether you bought at $17k or $20k. Bitcoin is cheap right now.

Honestly, it has become a norm for a lot of people to complain about the bear market dipping instead of seeing the opportunities being presented to buy Bitcoin at a very cheap price compared to what the price of Bitcoin was during the max of the bull run last year in November. Anytime the price of Bitcoin dips below $20k the crypto market falls into disarray and chaos from people overreacting, I bet you should have noticed it once or twice or even more, a lot of people just go into a full-blown emotional state once Bitcoin dips below $20k because they believe that once the price of is below $20k it is going to zero.

Source

Reason Why I Blame Those Who Believe Whatever They See Online About Bitcoin

I would have said I don't blame them but come to think about it again I do blame them for allowing the noise they are hearing and seeing online to judge the crypto market and make their decision without first doing their own research and analysis, they just jump blindly into conclusion with little or no facts because of what someone said on the internet, and the funny things is the prediction they might be listening to might be from someone who knows nothing about Bitcoin or crypto and might be a crypto critic who only sees the worst about and is using the price of Bitcoin dropping at that point to paint a narrative that Bitcoin is going to Zero.

So I guess you now see why I said I would blame them and question if they are really crypto traders or investors because they are displaying behaviors of crypto passersby that just see crypto as a means to make a quick buck or dollars, which is a pure gambling or casino mentality and not that of a true crypto trader or investor, so my advice to them is this if you want to gamble and get rich overnight, they should go elsewhere to gamble and leave the crypto industry or market alone for us.

They should focus on their gambling and stop spreading negative comments and sentiments about crypto, scaring the crypto newbies away and making them feel that crypto is a scam, that they would lose all their money and won't make any profit.

Think Long Term: The Price You Bought Bitcoin Don't Matter When You Are Profitable

The truth is whether you buy Bitcoin at $20k or below $20k, probably around $17k, it won't matter 10 years from now because 10 years from hopefully and with the way Bitcoin and crypto adoption is going, Bitcoin should have hit a new all-time high like twice or more and price would be definitely above $100k per Bitcoin.