"When bitcoin hits a million dollars it's not gonna matter whether you bought in at 60k or 20k." This is a fallacy.

The reality is that your investment at 20k results in three times as much bitcoin. This could be the difference between a $100k return vs a $300k return (or 1 million vs 3 million).The point, given that short term price is unpredictable, is to always have some cash available to take advantage of significant moves to the downside. These investments go the furthest.

Submitted June 02, 2021 at 12:25AM

No comments:

Post a Comment