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Bitcoin Price Tumbles To Six-Month Low, Cryptocurrency Markets Enter 'Panic Mode' (thefreedomproject.pages.dev)

submitted 3 months ago by marvelous_coyote@lemm.ee to c/bitcoin@lemmy.ml

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[–] marvelous_coyote@lemm.ee 2 points 3 months ago (3 children)

I was also thinking this might be a good opportunity to buy. But what if it plummets further?

[–] wesker@lemmy.sdf.org 7 points 3 months ago

I can see you're new here.

[–] hollyberries@programming.dev 4 points 3 months ago

DCA your way to the bottom, this is the way

[–] DerisionConsulting@lemmy.ca -1 points 3 months ago (3 children)

Just like investing in Magic the Gathering cards, bitcoin is basically a stock that's significantly harder to trade than other stocks, and has little other use.

I would advise against buying it.

[–] Evil_incarnate@lemm.ee 3 points 1 week ago (1 children)

And now?

[–] DerisionConsulting@lemmy.ca 0 points 1 week ago (1 children)

Just like investing in Magic the Gathering cards, bitcoin is basically a stock that’s significantly harder to trade than other stocks, and has little other use.

[–] No1@aussie.zone 1 points 1 week ago

Why trade when you can HODL?

😉

[–] marvelous_coyote@lemm.ee 1 points 3 months ago

I advised myself on this ages ago and decided to quit trading all together on all platforms I was active on. Unfortunately, though, I have little to no use for my Charles Schwab account now

[–] Mubelotix@jlai.lu 1 points 3 months ago

Irrelevant comparison followed with bad advice