Savings If the money we save in a savings account

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If you ask the question when is the right time to buy gold, to an agent who promotes gold investment products, of course his answer will be biased towards, now is the right time to buy gold. Actually, the answer to investment-related questions is easier to answer if we can refer to the graph related to the investment. I want to give an example of a question related to when is the right time to buy bitcoin. bitcoin grave This graph I took from the Trading View website and this is a BTCUSDT graph. Overall, we can see from the graph above that the value of bitcoin is increasing.


However, does the value of bitcoin continue to increase and increase all the mom database time? Of course the answer is no. On the contrary, we can clearly see on the graph that the value of bitcoin has gone up and down . Bitcoin price movements generally show an upward trend. However, the increase that occurs is not continuous, instead it shows a trend of going up, going down, then going higher, and then going down again. If we only rely on information obtained from the media, some of us might think that bitcoin will continue to rise and not fluctuate at all! This is a misconception.


X USD68,854 on April 14, 2021. After reaching that highest price, the value of bitcoin began to fall and as of the time the screenshot was taken, its value was approximately USD56,939. The value of bitcoin dropped or fell to USD11,915 in just 5 days. Actually, if we talk about the risks of investing in the crypto world , the value of your investment can drop suddenly (or rise suddenly) as soon as you buy the cryptocurrency. Yes, you don't have to wait for days.