kel said:Sounds like a ritualized form of gambling to me, but good luck, let us know how it works.
Appreciate it man..I have an autoimmune condition and need to find a way to support myself.I can work with learning to listen about company's infos,news, fundamental analysis but the charts and technical analysis i can't handle with my brain condition. I am trying to help myself without needing to depend on social security.
Absolutely agree with you, BitCoin is an unstable cryptocurrency, and it`s hard to make predictions about how it will cost next month or next year... Bitcoin's price is so volatile because of speculation. While it's possible to buy physical goods with Bitcoin in some places, the large majority of Bitcoin transactions are still investment-based. ... This buy-sell cycle is what makes Bitcoin's price so volatile.Don't take it personally but that's a very stupid idea. Nobody knows how Bitcoin will be in the future. Bitcoin might be $1million or even zero each.
One thing is buying bitcoins (with some savings) and hope for the best. If BTC rises you make a good profit. If you're wrong you lose some savings.
Other is to sell your house to buy bitcoins. If you're right, you might be able to retire. If you're wrong, you'll be homeless (losing decades of savings).
The bigger the risk, the bigger the profit.
Stay away from gurus with beautiful charts and predictions. Go to SeekingAlpha and TradingView for example. They have a crypto section with plenty of predictions (mostly to The Moon(tm)). They made a shitty prediction every single time Bitcoin had a downturn.
If you bought bitcoins in December 2017 at $20k, you'll be at 50% negative today. You'll have to double your money just to break even. And even if it reaches $20k again this year, you waited 3 years. After that, would you keep your savings there hoping to go to $40k?