Friday, 24 November 2023

To all the new people

Obviously seen a lot of bullish activity in this sub and as usual it’s brought on a lot of “I’m new to btc but I want to buy £400 worth” type posts.

And I assume these people have seen the news and want a piece of the action without having any understanding of historic prices and just how volatile BTC can be.

So this is just a healthy check in to say:

  • you haven’t missed the boat
  • there is no rush to accumulate
  • we may not even be in a full on bull run currently
  • Only invest money that you are 100% certain you’re not going to need for at least a year
  • Research about why the halving happens, supply and demand economics, historic Btc price etc because if you don’t and btc crashes your gut Instinct will be to sell and you won’t have any information that suggests that isn’t the best idea.

Just please be careful people its not all sunshine, this sub has been relatively dead since the last crash and is only now picking up again, very easy to feed your biases here.



Submitted November 24, 2023 at 07:10PM by JDRB99 https://bit.ly/3sT1aVq

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