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Think of it like when you want to buy a company's stock. If the price has recently increased by a lot, many people avoid it because they think it is overpriced.
by dingo_bat 9y ago
Think of it like when you want to buy a company's stock. If the price has recently increased by a lot, many people avoid it because they think it is overpriced. They don't want to risk buying it at this price. It has nothing to do with being able to buy fractions of a coin.
- corporateguy5 9y agoThe price is skyrocketing...
- 6nf 9y agoWhy would they specify 'entry level' investors then? That argument would surely apply to all investors, not just the entry level ones.
- xbmcuser 9y agoBecause people that already hold bitcoin will still be willing to buy. If you bought bitcoin at $1000 you might still be willing to buy at $8k as that would still price your avg bitcoin price at $4500 and won't be making a loss until bitcoin drops below $4500. Entry level doesnt mean your wealth but you being a first time buyer or entering into the bitcoin market at current prices. Which means when the price goes down you are going to make a loss.