15 sats \ 7 replies \ @F 18 Sep 2022 \ parent \ on: Daily discussion thread
The fundamentals are the same, but the fundamentals are worth ~$20k.
The fundamentals were worth $20k in December 2017, but were worth $3k in 2018/19/20.
It's risky and gambling because no one (including you) knows what the price will be tomorrow. Can you stomach a 50% drop for 1-3 years? I am a bull, but could see it dropping lower in the next year or two.
As mentioned in another comment, yes I can. I am not thinking about 1-3 years. I am thinking about 5+ years.
Yes, I can see it drop lower, too. I still have to decide if I want to put it all in now or spread it out like I did with my monthly salary for the past 2 years. I have an appointment on Thursday: #71379
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How will you feel if you took out a loan to buy bitcoin at $20k when it is at $11k?
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Fine. As I said, I am serious about thinking long-term. I'll be glad to buy even cheaper. Are you testing my confidence? Haha.
But thanks for replying. You are asking good questions but I have thought about them.
If bitcoin doesn't work out, I'll be happy that I at least had the confidence.
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How will you be able to buy cheaper if you already blew your load at $20k?
I hope you understand what I'm getting at, which is that nobody knows the price tomorrow. Your best bet is to buy with money you already own, and it is you alone who must weigh the risks (and there are many) of taking out a loan to buy bitcoin.
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How will you be able to buy cheaper if you already blew your load at $20k?
With my regular income as before
I hope you understand what I'm getting at, which is that nobody knows the price tomorrow.
Yes I do. I think it's nice of you to care. I think I have calculated the risks and I am going to do it. If the bank allows it, haha
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Best wishes to you
and Godspeed.
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Confidence... the food of the wise man, but the liquor of the fool.
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