@Cesc0410
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I was speaking to a fiend today he tells me man I should have bought Bitcoin when it dipped to 29 now that it’s back to 32 which I did ofcourse and asked him why not and he said it’s risky I asked him if he owned any assets and he said no his 100% saving in cash and I was shocked but I have to imagine there are a lot of people who still think cash is the safe bet It’s actually scary and while I cannot convince him of anything he needs to make his own decisions I do think a lot of people who need a bitcoin will miss out on it #Leofinance
2 comments
Well, to be fair, bitcoin is risky, especially in the short run. Even in the long run I think there are a lot of unknowns... Like will some other crypto supplant it? Cash is generally pretty safe (depending on the currency of course) in that it is fairly predictable but even under the best of circumstances you will lose value to inflation faster than you will earn it in interest. Without risks there can be no reward but safety lies in diversity...
People should learn to understand that the right time to buy bitcoin is any time. 32k might seem expensive now, but wait until it gets to 42k and someone will still say "I wish I had bought it when it was cheaper at 32k"