Many people ask me if they can take out loans to buy Bitcoin now.
My advice is not to do so. Because the sharp decline in the market may cause your mentality to collapse, and it will be difficult to make a profit in the end.
On the contrary, if you use idle funds, your mentality will be much more relaxed.
For example, you have 1 million, of which 300,000 is used to buy Bitcoin, and the remaining 700,000 is in hand. Even if the price of Bitcoin falls by 50%, you will only lose 150,000.
Moreover, such a sharp drop may only occur once in a cycle. If you buy during a bear market, the fluctuation range is usually between 10-20%, which means that your maximum loss may be 30,000-60,000 yuan.
Such fluctuations are only 3%-6% of your total assets for you.
When you invest in this way, all kinds of external remarks, such as economic recession, dead cross of technical indicators, and the end of the bull market, will not have much impact on you.
In the digital currency market, if you want to succeed, you need to maintain such a mentality: the income that belongs to you will naturally belong to you.
The current market is very similar to the market in 2019, so you can make a layout. I like spot trading and can keep up with it. Leave a message so that I can see it. You can dai it. #TON #BTC #ETH #BOME #PEPE