My friend bought #Bitcoin a few days ago and this was his ever first Bitcoin investment. A few minutes ago called me at what price level should he sell it. It took me five minutes to explaint to him that not in this decade he will sell it. 🤦♂️😁
Discussion
Nice. Let’s hope he heeds your wisdom
I remember those days....
He must understand that buying real-estate is an investment, buying stocks and bonds is an investment even buying a car can be an investment.
Buying bitcoin on the other hand, is NOT an investment.
The reasoning behind buying bitcoin is NOT to make money off it (not an investment), IT IS money.
It's also a technology, a monetary system, a payment network, a store of value, a zapping tool and was also considered a commodity by the US government.