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

submitted 2 months ago by marvelous_coyote@lemm.ee to c/bitcoin@lemmy.ml

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[-] delirious_owl@discuss.online 5 points 2 months ago

"Plummets" down to $50k lol

[-] DerisionConsulting@lemmy.ca 2 points 2 months ago

yay!

[-] marvelous_coyote@lemm.ee 2 points 2 months ago

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

[-] wesker 6 points 2 months ago

I can see you're new here.

[-] hollyberries@programming.dev 4 points 2 months ago

DCA your way to the bottom, this is the way

[-] DerisionConsulting@lemmy.ca 0 points 2 months ago

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.

[-] Mubelotix@jlai.lu 1 points 2 months ago

Irrelevant comparison followed with bad advice

[-] marvelous_coyote@lemm.ee 1 points 2 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

this post was submitted on 07 Aug 2024

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