The optimist believes that the ideal time to buy is now. The skeptic hesitates and decides to wait. The pessimist, on the other hand, considers that it is best not to buy. Here the most important variable is expectation. I mean our theory of the future. The optimist sees a better future. The skeptic has not yet found clarity. And the pessimist believes that everything will go down the drain. This industry abuses predictions to arouse enthusiasm. And it sells us the idea that it is always a good time to buy. That’s like asking a baker about the ideal dinner. Obviously bread. When is a good time to buy? Well, it all depends.
The first thing we need to do is define our goal. Here the goal is not the future of . It is not world currency reform. It is not a libertarian utopia. Here the objective is the financial growth of the investor. From there, we build a strategy. So, we must always start with the inverter. The investor must be placed in the center. Now, then, a detailed study is required for personal finances. Expenses, income, charges, debts, insurance, responsibilities and available capital. The ideal investor has few expenses, few debts, few responsibilities, a lot of income and a lot of capital. The goal in this case is to get as close as possible to this ideal. How do you do that? Well, putting the house in order. Putting order and commitment to the thing.
- The Excesses of Technophile: Is Technology That Good?
Now that we have a capital we can go to the next step. When to buy? It is best to buy low to sell high. We must remember that all this is done to maintain a lifestyle. It is not about accumulating for the sake of accumulating. That is greed. We invest for financial freedom. This means: Living according to our desires. And living according to our desires is a concrete fact that requires the ability to acquire goods and services. Food, housing, transportation, services, health, training, etc. Living requires logistics and this logistics is financed with money. In this context, the price of Bitcoin matters. It matters a lot. A Bitcoin at $10 is not the same as a Bitcoin at $100,000. With $10 we buy a lunch. With $100 thousand we buy more than one lunch.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
