Bitcoin’s recent recent is nothing good. It has fallen by 25% to $ 80,000 from its all-time high $ 109,114 made in January. Although there has been some recovery recently and it has again reached above $ 85K, it is the result of continuous changes of the market and recent economic instability. The condition of second cryptocurrency with Bitcoin is also bad at this time. Problems such as global economic installation, increasing inflation, trade war and political instability have damaged the crypto market. As such, recently Microstrategy (MSTR) Government Chairman Michael Saylor, of “Buying Bitcoin by selling Kidney”, is the statement in the right direction, or is it just a joke?
Michael Saylor’s advice about BTC, what is right?
Many people took it serially when Michael Saylor said in 2021 that people will margze their homes and buy Bitcoin. At that time the price of Bitcoin was $ 57,000, and people saw him as a great investment. But in 2022 when Bitcoin Worth When fell to around $ 20,000, this advice proved to be very expensive. Now, when Bitcoin is going through a re -decline phase, how sensible is Microstrategy (MSTR )’s Government Chairman’s “Kidney Sell” thing be given wisely? This should be considered.
All investors know that cryptocurrency is a high-risk investment. In order to deal with its ups and downs, the investor has to keep himself ready and financially ready. In such a situation, it can be wrong to invest blindly on someone’s advice and to consider selling up to your most special item or asset.
Crypto market volatility and effect
Apart from Bitcoin, other cryptocurrencies are also facing a lot of ups and downs in the market. Problems such as global economic installation, increasing inflation, trade war and political instability are the main reasons for this decline. If these problems continue further, the value of cryptocurrency may fall further in the coming days.
In such a situation, if you are thinking that you sell your assets in any way to buy Bitcoin, then it can be a big mistake for you. Investing without understanding the status of the market can not only endanger your financial situation, but you can also suffer a huge loss. This disadvantage will be of something that takes you years to overcome. Maybe you can lose your life -long capital.
Smart investment advice
If you want to invest in cryptocurrency, then you should take a very careful decision. It is not right to invest in someone’s words, understand the activity of the market, investing. First of all, fully assess your financial situation and decide how much damage you can bear. Only then do you think if you Bitcoin Or want to invest in any other cryptocurrency.
In addition, always give priority to long -to -long investment. If you are investing only to take advantage of the short term, then the risk is very high. In any case, keep your thinking balanced to preserve your financial assets and avoid excessive risk.
Conclusion
Michael Saylor’s funny statement has become a topic of discussion in Crypto World, but this does not mean that you need to sell your kidney or take high risk. Considering the instability of the Crypto market, smart and thoughtful investment is the right way. Therefore, before taking a decision in a hurry, impressed by Saylor’s words, correctly assess your financial situation and pay attention to the market status. And yes, it is better to invest a little thoughtfully than kidney selling. Somewhere Michael Saylor’s statement to buy a kidney by selling a kidney, selling a kidney and buying an iPhone is not a meme. And do not come and do your loss in this matter. So think, understand, then take decisions related to investment and do not sell the kidney.
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