If you're still waiting for a lower Bitcoin price to get in, you're actually betting on a very unprofitable situation


Why is that?
Suppose you currently have no Bitcoin because you think $60k is too expensive and want to wait until it drops to $45k to buy.
1️⃣ Situation One
You are correct in your judgment, and Bitcoin really drops to $45k.
And you actually dare to buy. Great, you end up with 1 BTC.
If it rises to $500k in 10 years, you earn $455k.
2️⃣ Situation Two
You are wrong in your judgment, and Bitcoin never returns to $45k.
Then you stay in cash all along.
No matter how much it rises in the next 10 years, your profit is — 0.
3️⃣ Situation Three
You buy now directly.
You indeed spend an extra $15k ($60k vs. $45k).
But if it still rises to $500k in the future, you earn $440k.
⚠ In other words:
In the most ideal case, you "bottomed out successfully" and only earn an extra $15k;
But in the worst case, you miss out on an entire 1 Bitcoin.
BTC0.15%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments