Tuesday, 12 April 2022

Bitcoin just dipped 42k, should we be concerned?

Short answer: no.

If you were looking to invest in Bitcoin in the long-term, as most of us are, you should not be worried and you have nothing to fear. The 42k barrier is nothing and it will pass it again you just need a little patience.

However, if you were looking to make a quick flip, you’re looking in the wrong place. Bitcoin is not a currency that you should buy and sell, it’s a coin you buy and hold. Learn this now and benefit later, if you were really looking for profits try investing in projects that are more recent and booming fast like everything within the Metaverse or the many projects within it like suku. But do not try to flip Bitcoin because it will burn you every time.

Every time Bitcoin dips a little I start hearing people scream and panic, well, what did you expect? It’s a volatile market and prices will go up and down, if you didn’t know this then this might not be right for you.

Just hold and wait, patience is key. Rushing will get you nowhere.

submitted by /u/Familiar-Ad6763
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