Buy Bitcoin for 700 million VND and forget about it
I told my friends many times never to borrow money to buy Bitcoin because it would be a heart attack. I bought it with my own money and 'forgot'.
"So Bitcoin has hit a new record of over $93,400. News like this makes the 'little shark' singers sad.
I don't have much, just two Bitcoins, bought 4 years ago, when the price was 20 thousand USD. Then, when the price went up to 37 thousand USD, I couldn't believe my eyes, just when I needed it, I sold it and got some money.
After a while, when I had some extra money, I looked back and bought it again, and saw the price had gone up to 50 thousand USD, which was shocking. I still bought it, and now the price is almost 100 thousand USD per coin.
I remind you many times, do not 'play' Bitcoin, and absolutely do not borrow money to play, it is very painful. Instead, if you have idle money (for example, planning to buy a car worth 1.5 billion VND), then buy a car worth 700 million VND, buy the rest of Bitcoin, leave it there and forget about it.
Don't become a Bitcoin trader, just like you don't trade land or gold, then you won't have to worry about sharks or small fish. That is, don't think about buying and selling.
If you have spare money, choose one of three things to buy and forget: house/land, Bitcoin and gold. House and land can be rented (or closed and left there, if you don't need to rent), but Bitcoin and gold, just buy and forget.
Again, never borrow money to buy, and don't try to turn yourself into a real estate or Bitcoin trader, or you'll get your heart broken. Remember two rules:
Rule 1: Don't buy when everyone is talking about Bitcoin, buy when no one is talking anymore.
Principle 2: Buy and forget".
Cryptocurrencies have exploded since Donald Trump’s victory, with investors anticipating a more friendly approach to digital assets during his presidency. Bitcoin has gained 27% in a week, while many altcoins have doubled or tripled in value.
According to statistics from one of the world's most popular derivatives exchanges, Deribit, there are more than $2.8 billion in capital betting on Bitcoin surpassing $90,000, i.e. placing call options. This creates a very positive crowd psychology base that spreads throughout the market.
However, Deribit also noted that call options were only placed in the $90,000-$100,000 range. Beyond $100,000, most investors placed put options. This means that BTC's bullish momentum may not last too long.