Why Orlando Residents Should Not Be Concerned About Bitcoin’s Volatility

Bitcoin is a volatile asset. There is no question about this. All you need to do is look at how Bitcoin has fluctuated in value over the past year. In 2021, Bitcoin hit its all-time high of a little over $68,000. However, during that same year, its value dropped to $30,000. This volatility has encouraged many to buy Bitcoin in Orlando.

Bitcoin’s volatility has led many investors to play the long game. If you are purchasing Bitcoin thinking about its long-term growth, you don’t care about short-term swings. In fact, when you see that the market dips, you realize that it might be a good time to buy Bitcoin in Orlando.

Many experts believe that Bitcoin will inevitably reach $100,000 per coin. Those who believe in Bitcoin’s long-term future growth see it as a set it and forget it investment. They are not swayed by fear of missing out to purchase Bitcoin when the prices are high or persuaded by fear, uncertainty, and doubt when prices go low. Emotional reactions can cause investors to make decisions that will result in losses in their investment.

Responsible Bitcoin investors in Orlando opt to keep their investments small. They do not put their crypto investments above other financial goals, like getting rid of high interest debt or saving for retirement. Most experts recommend that cryptocurrency be no more than five percent of your investment portfolio.

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