Buy the DIP, and HODL!

[michellee]

Taking profit from your Bitcoin investment is not something bad and worth debating since all purpose of investment is basically to get profit at the very end of investing. During this profit taking one should understand a simple terminology like this one, firstly who holds longer makes the best profits, then why collect profits too early if your goal as an investor is to make steady profits with your investment, taking some profits after separate cycles is not bad as per if the need for it occurs.

An investor should already have a plan for how long he needs to invest and when he will take the profits. Making a profit is the goal of investing so that investors can take advantage of it. For a Bitcoin investor, he must really be able to maintain his patience because the price will always go up and down.

What is important is that a Bitcoin investor can hold his Bitcoin for a certain period. As long as he could buy at the lowest price and hold it, he could expect to make a profit. But it would be even better if he could use the DCA method so he could buy Bitcoin regularly.

With Bitcoin's current rise, it gives hope to new investors because they can see the profits starting to come. And for other investors who want to take advantage, they need to start determining their target selling price and wait for it.

[1714650412]

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[1714650412]

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[teamsherry]

As we can see the way the whole things are going now with the bitcoin market performance, this is to encourage us the more to hold if we have not yet done any and embrace the patient needed till we arrive at the 2024 halving and thereafter, if we really have the target of bullrun at mind, we can then go by this because this is one of the provided opportunity for an investment in bitcoin as we are more likely to have the highs more often than before and there's more possibility that we are going to experience a new all time high right before the halving begins, the recent market performance is the first impression on that, we can as well as consult more conviction from the past halving's in record.

Our patients should not be till the next halving that's not our goal here, we should be more concerned about getting more Bitcoin in our stash untill we are 4 years into Bitcoin then we can start thinking of taking profits, your patience sounds so short term like we need to take profits right after the halving.

Both bull and bear are part of the Bitcoin cycle and it doesn't need to take us off course from our plan as long term holders, I know that it's possible to be thinking in terms of taking profits to buy back when the price is lower but you never know if that would happen or if Bitcoin would just set a new record and never return to price like 35-40k range, selling Bitcoin at higher to price to buy back at lower price is risky and can be seen as gambling and one thing to have in mind is you can never be so smart.

Taking profits like you said is dependent on many factor and also based on individual preference. It will not be wise to sell your Bitcoin when you have not figured out how you will be able to manage the proceeds, else you may misuse the money and run out of Bitcoin. Instead of a situation like this, it is better to hold across different market cycles like the early buyers are doing, I mean those who bought 2013 and thereabouts who have seen many market cycles but never took profits like most of you are suggesting.

My plan is to hold beyond this market cycle and if eventually another bear market comes, I will simply use it to gain more Bitcoin at lower prices. I understand others might have other plans are are free to use any approach the are fine with but my concern is to ensure I do not run out of Bitcoin.

Taking profit from your Bitcoin investment is not something bad and worth debating since all purpose of investment is basically to get profit at the very end of investing. During this profit taking one should understand a simple terminology like this one, firstly who holds longer makes the best profits, then why collect profits too early if your goal as an investor is to make steady profits with your investment, taking some profits after separate cycles is not bad as per if the need for it occurs.

No one said collecting profits is bad besides that's the aim of investing, but your forgetting that most of us here are just early investors and if not that we are privileged to see a bull run so early in our investment we won't be talking about taking profits, the idea was to accumulate bitcoin irrespective of the price untill we have quite the stash, this accumulation period was supposed to last for up to 4 years as a minimum, cause this is a full cycle and you can now successful calculate you DCA buying average and see how much bitcoin you have accumulated, then at this point you should be well prepared for profits.

The question we should all be asking ourselves is how many bitcoin do I have and am I well prepared for the bull and if I decide to take profits now would I be opportunited to buy back this price or would I find myself buying at a more expensive price ?

Don't forget that engaging in practices like collecting profits too early on our investment can lead to regret or we even delay our accumulation process because we had to collect profits on our investment and saying you want to time the market to buy back at a lower price is some what seen as gambling and is not the right thing to do.

Hold your bitcoin and keep on buying, no one is saying taking profits is bad, but is it the right time? And have you accumulated enough? .

[Dailyscript]

Taking profit from your Bitcoin investment is not something bad and worth debating since all purpose of investment is basically to get profit at the very end of investing. During this profit taking one should understand a simple terminology like this one, firstly who holds longer makes the best profits, then why collect profits too early if your goal as an investor is to make steady profits with your investment, taking some profits after separate cycles is not bad as per if the need for it occurs.

I disagree with the idea that whoever holds bitcoin longer takes the highest profit; instead, whoever holds the most bitcoin takes the highest profit. Even a short term investor can make good profits if what he has in his portfolio is greater than the number of bitcoins a long-term investor has. I would rather say expecting a huge profit should depend on the amount of bitcoin you have been accumulating during your buying stage if someone has to seel. This is because even if you hold 100$ of bitcoin for 5 years, don't expect to see 30k$ dollars in profit. On the other hand, if you have been able to invest up to a whole bitcoin in two weeks, within 5 years, i am certain that you may see at least 100x of bitcoin reaching 100k of which your profit is about $50k plus.

This is why I don't agree with the fact that people should sell if they have not bought enough bitcoin to expect a high profit. Some people are just propelled to sell because people are talking about selling. Don't forget that these people who have been preaching about selling may have bought almost 1 bitcoin or more in their portfolio and they still have the money to buy more, but you are still struggling to even accumulate up to 10k bitcoin yet you want to join the train to sell.

[smelody]

Taking profit from your Bitcoin investment is not something bad and worth debating since all purpose of investment is basically to get profit at the very end of investing. During this profit taking one should understand a simple terminology like this one, firstly who holds longer makes the best profits, then why collect profits too early if your goal as an investor is to make steady profits with your investment, taking some profits after separate cycles is not bad as per if the need for it occurs.

An investor should already have a plan for how long he needs to invest and when he will take the profits. Making a profit is the goal of investing so that investors can take advantage of it. For a Bitcoin investor, he must really be able to maintain his patience because the price will always go up and down.

yea! having a clear concept of investment plan includes the time frame and profit taking strategy. Any of the trading market price fracture randomly up and down especially BTC. Patience is indeed very important for every investors. If a investor bought with DCA strategy and average price he might be benefited.

[JayJuanGee]

Pleased for everyone that is winning.

I'm still HFSP!

Still wouldn't change a thing

I am glad that you are happy for the bitcoiners, but what good does it do you to stick to your guns in regards to your purposeful failure/refusal to buy bitcoin?

And the big blocker nutjobs have just been shown to be disingenuine and/or disillusioned and you are happy with having had been in that camp, too?

Too late for Dca this bull run. Fat finger green button

No time is late to DCA, as long as your are not a short term investor. Any new investor that is investing in a long term can invest now even at 62k price. This is because his average bitcoin price in four years time will balanced, because you are buying bitcoin both at low price and high price, this is one of the advantages of DCA. As long as you don't stop buying, the bitcoin that you will buy during the bear market will cover up these ones that you are buying now and a higher price above this. This is why no new investor shoukd be discouraged on the high price of bitcoin, and thinks that he can no longer buy and make profit. From the historical price of bitcoin, it has been observed that as time passes on bitcoin price increases which make it a good reason for new investors to use DCA method mostly. Don't focus on the price but have a target and focus on your target because it is certain that you will be profitable in your bitcoin investment, if you hodli for more than 4-6yrs.

I always tell new investors to invest immediately they have the money because it is better you start early to grow your bitcoin investment portfolio than waiting, because you think that the price is on the high side. There is inflation everywhere, and if you are to buy, a bag of wheat for $400, and due to inflation, the price increased to $500, and you can afford to buy it, and on the other hand, you were told that the price of wheat will go below $400 in six months time, will you say that you will wait till six months time to buy at a lower price because it will be cheap then, when you know that wheat is what you want now. Same with bitcoin if you want to buy bitcoin now and you have the money, it is better to buy it than waiting, because you are investing for your future and everyone needs an investment to live a better life in the future after we must have retired. Taking action is the best way to be successful, and not waiting, because you don't know what will happen tomorrow.

agreed. but in terms of profiteering, I would suggest people also try to make use of the patterns established in previous bull/bear cycles

If you are brand new to bitcoin, you are probably in a better position to just keep buying for a whole cycle rather than trying to fuck around with supposed patterns of the previous cycle.  Once you get through a whole cycle, then you might be in a better position to try to play the cycles, but it still might not be a good idea to devolve into trading, but if you at least spend a sufficient amount of time accumulating BTC, then your position might help to inform you regarding what might be the better strategy going forward for the next cycle. 

There might be some circumstances in which guys might have had heavily front-loaded their investment in the last two years, and they might be in a position to attempt to play the patterns, but it still could be risky.. and this thread is not really about playing the patterns on the way up, at least not in terms of selling... so it could be quite ambiguous what to do, especially if you have already concluded that you do not have enough BTC, and you are thinking of selling BTC in order to accumulate more, that seems like a potentialy problematic strategy, if that might be what you are suggesting?

By the way, vokain since you have been registered on the forum since January 2012, have you been able to beat a strict BTC accumulation and hold strategy?  Do we need to show your numbers for something like a $10 per week for the past 12 years, you should be sitting quite pretty, no need to be accumulating more BTC.. but instead you are fucking around with trading and giving advice for guys here to trade?

In theory, you should have way better numbers than me, in terms of average cost per BTC, even if your stash (or the amount that you were able to spend) was a lot lower.  You have two years of headstart, and we have come to realize that in bitcoin, time in the market is way better than timing the market, especially if you were mostly erring on the side of BTC accumulation rather than getting distracted.

I am claiming to have $1k per BTC costs... in theory you should be able to have lower than that for your overall costs per BTC. So why would there be a need for you to play the patterns of the cycle? or to be suggesting that as a strategy? because historically it would not have been a good thing to do.  It would have been unnecessary, greedy and more likely to lead to losses.

[AirtelBuzz]

Taking profit from your Bitcoin investment is not something bad and worth debating since all purpose of investment is basically to get profit at the very end of investing. During this profit taking one should understand a simple terminology like this one, firstly who holds longer makes the best profits, then why collect profits too early if your goal as an investor is to make steady profits with your investment, taking some profits after separate cycles is not bad as per if the need for it occurs.

I can't agree with your statement because long-term investment in Bitcoin is not the only way to get profit. A lot of profit can be earned even by short term investment. Many times it is seen that many people invest in Bitcoin for a short period of time and earn a lot of profit. If you have a large amount of bitcoins you will be able to earn a lot of profit from bitcoins even with short term investments. Let me show you an example how to earn profit by investing large amount of Bitcoin in short term.

We looked at the crypto currency market in September 2023 when the price of Bitcoin was around $25,000 and if you bought 1 Bitcoin it would be twice (2x) what it is today. This clearly shows that this is not a long-term investment but an example of a short-term investment. If you were to invest in the DCA method at the same price at the same time let's say you would have invested $100 per week or month. Then the amount of your invested bitcoins would be 6 x 100 dollars in 6 months i.e. 600 dollars.

So if you have more amount of money then invest more amount of bitcoins and you will be able to earn more profit even if it is a short term investment.

[FinePoine0]

Taking profit from your Bitcoin investment is not something bad and worth debating since all purpose of investment is basically to get profit at the very end of investing. During this profit taking one should understand a simple terminology like this one, firstly who holds longer makes the best profits, then why collect profits too early if your goal as an investor is to make steady profits with your investment, taking some profits after separate cycles is not bad as per if the need for it occurs.

I can't agree with your statement because long-term investment in Bitcoin is not the only way to get profit. A lot of profit can be earned even by short term investment. Many times it is seen that many people invest in Bitcoin for a short period of time and earn a lot of profit. If you have a large amount of bitcoins you will be able to earn a lot of profit from bitcoins even with short term investments. Let me show you an example how to earn profit by investing large amount of Bitcoin in short term.

We looked at the crypto currency market in September 2023 when the price of Bitcoin was around $25,000 and if you bought 1 Bitcoin it would be twice (2x) what it is today. This clearly shows that this is not a long-term investment but an example of a short-term investment. If you were to invest in the DCA method at the same price at the same time let's say you would have invested $100 per week or month. Then the amount of your invested bitcoins would be 6 x 100 dollars in 6 months i.e. 600 dollars.

So if you have more amount of money then invest more amount of bitcoins and you will be able to earn more profit even if it is a short term investment.

I want to say you are not following DCA method, greed is working inside you and you have not invested. Those who once started investing in the DCA method are depositing their assets in Bitcoins from zero amount. Investing in Bitcoin over a long period of time can accumulate wealth as it is a regular investment. Some invest weekly and some invest monthly (according to their income), long term investment will start their right journey.  But you mentioned short term trading here, your idea is wrong because short term trading is more likely for you to lose. It is natural for Bitcoin prices to fluctuate more and more, so investing in the DCA method controls the average price of Bitcoin.

[I_Anime]

I can't agree with your statement
because long-term investment in Bitcoin is not the only way to get profit. A lot of profit can be earned even by short term investment. Many times it is seen that many people invest in Bitcoin for a short period of time and earn a lot of profit. If you have a large amount of bitcoins you will be able to earn a lot of profit from bitcoins even with short term investments. Let me show you an example how to earn profit by investing large amount of Bitcoin in short term.

just as @FinePoine0 said that no investment, is just like trading. You can't actually compare that to long-term investment profit. What about in scenario, market did not go your way when you invested that bitcoin for short-term profits . Due to fact that your are in a urge of making quick profit you may endup selling your bitcoin in loss . And when you are exercising long-term investment, it would give more chances to stash more bitcoin In your portfolio. (Like time range of 5-10 years holding even more than)  of accumulating. Holding for long-term Is more safer than short-term, though bitcoin may  undergo some dip and all that, during it growth. But still bitcoin would keep on growing so as your portfolio as an long-term investor.

[Mayor of ogba]

Too late for Dca this bull run. Fat finger green button

It is never too late for the DCA strategy. Some people started accumulating bitcoin this year with the DCA strategy and with the plan of holding it for like 4–5 years. Since they are in on bitcoin for the long term, the DCA strategy remains the best option to use in accumulating bitcoin because it will help them accumulate bitcoin even when the bitcoin price is increasing or decreasing and also control the volatility of bitcoin. It is only when you are in on bitcoin for the short term that it is too late to use the DCA strategy.

[Taskford]

Too late for Dca this bull run. Fat finger green button

It is never too late for the DCA strategy. Some people started accumulating bitcoin this year with the DCA strategy and with the plan of holding it for like 4–5 years. Since they are in on bitcoin for the long term, the DCA strategy remains the best option to use in accumulating bitcoin because it will help them accumulate bitcoin even when the bitcoin price is increasing or decreasing and also control the volatility of bitcoin. It is only when you are in on bitcoin for the short term that it is too late to use the DCA strategy.

This is the wrong view of people regarding on situation since maybe they are looking at it on short time and think about its late to accumulate now since what they thought bitcoin price is so expensive for them. But if they look at on other perspective where they aim for long term for sure they can figure out that there's wide opportunities for long term holders and anytime they can execute this DCA method and be successful in future. Maybe they are lacking with deeper research so I guess they should read back the old discussion since for sure there are lot of thing they can learn from it. Although for newbie maybe they are not comfortable since as expected they are afraid for the dump but if they think for investment for sure that bitcoin can give them more good result if they hodl.

[Marvelockg]

We looked at the crypto currency market in September 2023 when the price of Bitcoin was around $25,000 and if you bought 1 Bitcoin it would be twice (2x) what it is today. This clearly shows that this is not a long-term investment but an example of a short-term investment. If you were to invest in the DCA method at the same price at the same time let's say you would have invested $100 per week or month. Then the amount of your invested bitcoins would be 6 x 100 dollars in 6 months i.e. 600 dollars.

So if you have more amount of money then invest more amount of bitcoins and you will be able to earn more profit even if it is a short term investment.

I find this analysis too theoritical and might not be realistic for an average person to put into application.

Buying a whole Bitcoin at a time at the rate of $25k doesn't look like something an average person can do, how much do you earn that will give you that kind of savings? The reason why people prefer to continue buying using the DCA method is basically because it's almost impossible for most average investor to start thier accumulation journey with something close to 1BTC and so they set out an amount of Satoshi that they can comfortably work with and continue accumilating.

For someone that earns the range of $100 a week, he can decide to invest 30% of his earning if he can sustain himself with the remaining 70% and if he continues with this trend, it will take him around 834 weeks which is approximately 16 years to accumulate up to 1BTC at the rate of $25k. Those that are already financially strong and could afford to invest as high as $500 a week could attain thier desired target within a shorter period of time but it's not always about who is able to accimilate up to a a whole Bitcoin or not, every one has thier financial strength and it's only best we all stick with ours although the lower the amount invested through a routine DCA method,the longer it will take before the investment yields the desired profit
but the good thing is that even after you started with as low as $30 a week, if your finance grows, you can increase the amount you will be putting into your holding at your own pace and convinience

[Mayor of ogba]

People who bought bitcoin last bull run when bitcoin was $60k will be happy to see the bitcoin price back to $60k;

so let me get this right, are you suggesting it's best to buy during a bullish period as this only to wait for another bullish period when the price would have torshed this  current $60k point? I know for those that have the ability to doing a ten to twenty year holding, it might be reasonable and okay for them but I feel it's best to buy during the bearish period so you don't necessarily have to wait forever before your holding yields a good profit.

Accumulating bitcoin during the bear market does not mean you will not hold your bitcoin for the long term. Selling your bitcoin simply depends on how long you intend to hold your bitcoin and how much profit you will gain. The purpose of buying bitcoin during the bearish period is to accumulate bitcoin at a low rate so that you will quickly achieve the amount of bitcoin you want to hold.

[Tmoonz]

Taking profit from your Bitcoin investment is not something bad and worth debating since all purpose of investment is basically to get profit at the very end of investing. During this profit taking one should understand a simple terminology like this one, firstly who holds longer makes the best profits, then why collect profits too early if your goal as an investor is to make steady profits with your investment, taking some profits after separate cycles is not bad as per if the need for it occurs.

I can't agree with your statement because long-term investment in Bitcoin is not the only way to get profit. A lot of profit can be earned even by short term investment. Many times it is seen that many people invest in Bitcoin for a short period of time and earn a lot of profit. If you have a large amount of bitcoins you will be able to earn a lot of profit from bitcoins even with short term investments. Let me show you an example how to earn profit by investing large amount of Bitcoin in short term.

We looked at the crypto currency market in September 2023 when the price of Bitcoin was around $25,000 and if you bought 1 Bitcoin it would be twice (2x) what it is today. This clearly shows that this is not a long-term investment but an example of a short-term investment. If you were to invest in the DCA method at the same price at the same time let's say you would have invested $100 per week or month. Then the amount of your invested bitcoins would be 6 x 100 dollars in 6 months i.e. 600 dollars.

So if you have more amount of money then invest more amount of bitcoins and you will be able to earn more profit even if it is a short term investment.

I don't think what you are saying is necessary as it may contradict the concepts of this thread, short term investment is more more like trading which is aimed at maximizing profits within the shortest time frame and that is gambling with your investment, the topic of this thread is based on strategies of accumulating Bitcoin for long term purposes and not some trading short term investment, deviating from the main topic can be some worth contradictory, it is better to invest for a generational wealth than some Short term trading investment.

[vokain]

Taking profit from your Bitcoin investment is not something bad and worth debating since all purpose of investment is basically to get profit at the very end of investing. During this profit taking one should understand a simple terminology like this one, firstly who holds longer makes the best profits, then why collect profits too early if your goal as an investor is to make steady profits with your investment, taking some profits after separate cycles is not bad as per if the need for it occurs.

I can't agree with your statement because long-term investment in Bitcoin is not the only way to get profit. A lot of profit can be earned even by short term investment. Many times it is seen that many people invest in Bitcoin for a short period of time and earn a lot of profit. If you have a large amount of bitcoins you will be able to earn a lot of profit from bitcoins even with short term investments. Let me show you an example how to earn profit by investing large amount of Bitcoin in short term.

We looked at the crypto currency market in September 2023 when the price of Bitcoin was around $25,000 and if you bought 1 Bitcoin it would be twice (2x) what it is today. This clearly shows that this is not a long-term investment but an example of a short-term investment. If you were to invest in the DCA method at the same price at the same time let's say you would have invested $100 per week or month. Then the amount of your invested bitcoins would be 6 x 100 dollars in 6 months i.e. 600 dollars.

So if you have more amount of money then invest more amount of bitcoins and you will be able to earn more profit even if it is a short term investment.

I don't think what you are saying is necessary as it may contradict the concepts of this thread, short term investment is more more like trading which is aimed at maximizing profits within the shortest time frame and that is gambling with your investment, the topic of this thread is based on strategies of accumulating Bitcoin for long term purposes and not some trading short term investment, deviating from the main topic can be some worth contradictory, it is better to invest for a generational wealth than some Short term trading investment.

things we do in the short term contribute to the things we do in the long term

[Justbillywitt]

Taking profit from your Bitcoin investment is not something bad and worth debating since all purpose of investment is basically to get profit at the very end of investing. During this profit taking one should understand a simple terminology like this one, firstly who holds longer makes the best profits, then why collect profits too early if your goal as an investor is to make steady profits with your investment, taking some profits after separate cycles is not bad as per if the need for it occurs.

I disagree with the idea that whoever holds bitcoin longer takes the highest profit; instead, whoever holds the most bitcoin takes the highest profit. Even a short term investor can make good profits if what he has in his portfolio is greater than the number of bitcoins a long-term investor has. I would rather say expecting a huge profit should depend on the amount of bitcoin you have been accumulating during your buying stage if someone has to seel. This is because even if you hold 100$ of bitcoin for 5 years, don't expect to see 30k$ dollars in profit. On the other hand, if you have been able to invest up to a whole bitcoin in two weeks, within 5 years, i am certain that you may see at least 100x of bitcoin reaching 100k of which your profit is about $50k plus.

This is why I don't agree with the fact that people should sell if they have not bought enough bitcoin to expect a high profit. Some people are just propelled to sell because people are talking about selling. Don't forget that these people who have been preaching about selling may have bought almost 1 bitcoin or more in their portfolio and they still have the money to buy more, but you are still struggling to even accumulate up to 10k bitcoin yet you want to join the train to sell.

Of course you are right, the size of your portfolio will determine what you get as profit. Long term profitability is for people who has enough bitcoin already accumulated. It's just like the saying goes, that the future belong to those who are prepared for it. Everybody is shouting bullrun, but not everyone will profit from it. Some people already started preparing for the upcoming bullrun 2 to 3 years ago and they have their bag well equipped, whereas some people who started their bitcoin journey 2 months or 3 months ago are also shouting bullrun and they will follow those who has been preparing for long and sell the little they have accumulated. If you're haven't been accumulating for more than 2 years minimum, you have no business talking about selling part of your bitcoin. Don't sell if you haven't accumulated enough.

[Tmoonz]

Taking profit from your Bitcoin investment is not something bad and worth debating since all purpose of investment is basically to get profit at the very end of investing. During this profit taking one should understand a simple terminology like this one, firstly who holds longer makes the best profits, then why collect profits too early if your goal as an investor is to make steady profits with your investment, taking some profits after separate cycles is not bad as per if the need for it occurs.

I can't agree with your statement because long-term investment in Bitcoin is not the only way to get profit. A lot of profit can be earned even by short term investment. Many times it is seen that many people invest in Bitcoin for a short period of time and earn a lot of profit. If you have a large amount of bitcoins you will be able to earn a lot of profit from bitcoins even with short term investments. Let me show you an example how to earn profit by investing large amount of Bitcoin in short term.

We looked at the crypto currency market in September 2023 when the price of Bitcoin was around $25,000 and if you bought 1 Bitcoin it would be twice (2x) what it is today. This clearly shows that this is not a long-term investment but an example of a short-term investment. If you were to invest in the DCA method at the same price at the same time let's say you would have invested $100 per week or month. Then the amount of your invested bitcoins would be 6 x 100 dollars in 6 months i.e. 600 dollars.

So if you have more amount of money then invest more amount of bitcoins and you will be able to earn more profit even if it is a short term investment.

I don't think what you are saying is necessary as it may contradict the concepts of this thread, short term investment is more more like trading which is aimed at maximizing profits within the shortest time frame and that is gambling with your investment, the topic of this thread is based on strategies of accumulating Bitcoin for long term purposes and not some trading short term investment, deviating from the main topic can be some worth contradictory, it is better to invest for a generational wealth than some Short term trading investment.

things we do in the short term contribute to the things we do in the long term

Apparently the topic of this thread says buy the dip and hodl, I haven't seen how our discussion here has been related to short term investment or trading unless you the one suggesting other wise. I don't mean to be rude but is best we stay on the track that is my point. Prioritizing long term investment has been the driving force behind the success of this thread.

[Dailyscript]

things we do in the short term contribute to the things we do in the long term

You should be more explicative when saying something like this. If you have a point, then prove it. Meanwhile, you are wrong, and this just isn't true in an absolute sense. Short-term investing involves investing for quick gains. This type of investment involves people who want short-term benefits. They are mostly seen researching and analyzing the market for short-term benefit; they wait for the perfect time that the price will go down before they can buy, and they also wait for the price to go up again so they can sell, and these patterns don't in any way contribute to long-term investment. Someone investing in the long term doesn't have to time the market; they don't have to do so much analysis rather than focus on a target of accumulation.

I see short-term investors as those looking for daily bread, while long-term investors are those with goals , targets, and financial visions. They can quit any form of enjoyment and merriment and bag lots of bitcoin because they believe that in the future they will be financially free when inflation and purchasing power catch up with those stacking fiat.

[vokain]

things we do in the short term contribute to the things we do in the long term

You should be more explicative when saying something like this. If you have a point, then prove it. Meanwhile, you are wrong, and this just isn't true in an absolute sense. Short-term investing involves investing for quick gains. This type of investment involves people who want short-term benefits. They are mostly seen researching and analyzing the market for short-term benefit; they wait for the perfect time that the price will go down before they can buy, and they also wait for the price to go up again so they can sell, and these patterns don't in any way contribute to long-term investment. Someone investing in the long term doesn't have to time the market; they don't have to do so much analysis rather than focus on a target of accumulation.

I see short-term investors as those looking for daily bread, while long-term investors are those with goals , targets, and financial visions. They can quit any form of enjoyment and merriment and bag lots of bitcoin because they believe that in the future they will be financially free when inflation and purchasing power catch up with those stacking fiat.

Is a long-term investor wrong for seeing a short-term dip as an especially good buying opportunity?

If a long-term investor has $100k cash to invest from say, selling a boat, and we're where we are now, will that investor be better off DCA'ing 5k every month for 20 months, or is that person better off buying $100k over a shorter time period?

[Rabata]

Hold your bitcoin and keep on buying, no one is saying taking profits is bad, but is it the right time? And have you accumulated enough? .

Any investment is risky and an investor is responsible for his own profit and loss. But an investor must first be convinced of why Bitcoin is worth holding and why Bitcoin will be a source of great wealth in the long term. I totally agree with what you said.  If you give up your bitcoins for a small profit, you will regret it at some point. Depending on the probability there is no option to hold Bitcoin at this time. Even when Bitcoin reaches $100k I can say that those who are doing DCA should continue. Bitcoin has gained 47% in the last 30 days. So if Bitcoin take another bullish segment will likely cause many investors to exceed that buying limit. So one should hold as much Bitcoin as possible with a long-term plan. It is best to continue investing with DCA.

[Mayor of ogba]

As we can see the way the whole things are going now with the bitcoin market performance, this is to encourage us the more to hold if we have not yet done any and embrace the patient needed till we arrive at the 2024 halving and thereafter, if we really have the target of bullrun at mind, we can then go by this because this is one of the provided opportunity for an investment in bitcoin as we are more likely to have the highs more often than before and there's more possibility that we are going to experience a new all time high right before the halving begins, the recent market performance is the first impression on that, we can as well as consult more conviction from the past halving's in record.

Our patients should not be till the next halving that's not our goal here, we should be more concerned about getting more Bitcoin in our stash untill we are 4 years into Bitcoin then we can start thinking of taking profits, your patience sounds so short term like we need to take profits right after the halving.

Both bull and bear are part of the Bitcoin cycle and it doesn't need to take us off course from our plan as long term holders, I know that it's possible to be thinking in terms of taking profits to buy back when the price is lower but you never know if that would happen or if Bitcoin would just set a new record and never return to price like 35-40k range, selling Bitcoin at higher to price to buy back at lower price is risky and can be seen as gambling and one thing to have in mind is you can never be so smart.

Taking profits like you said is dependent on many factor and also based on individual preference. It will not be wise to sell your Bitcoin when you have not figured out how you will be able to manage the proceeds, else you may misuse the money and run out of Bitcoin. Instead of a situation like this, it is better to hold across different market cycles like the early buyers are doing, I mean those who bought 2013 and thereabouts who have seen many market cycles but never took profits like most of you are suggesting.

My plan is to hold beyond this market cycle and if eventually another bear market comes, I will simply use it to gain more Bitcoin at lower prices. I understand others might have other plans are are free to use any approach the are fine with but my concern is to ensure I do not run out of Bitcoin.

Taking profit from your Bitcoin investment is not something bad and worth debating since all purpose of investment is basically to get profit at the very end of investing. During this profit taking one should understand a simple terminology like this one, firstly who holds longer makes the best profits, then why collect profits too early if your goal as an investor is to make steady profits with your investment, taking some profits after separate cycles is not bad as per if the need for it occurs.

Taking profit from your bitcoin investment is bad. It is the same thing as gambling because if you sell your bitcoin at a high price, you will need to wait for the bitcoin price to drop to a certain price before you can buy it back. But if the bitcoin price keeps going high, FOMO can make you lump sum on bitcoin so that you will not miss out or you end up losing hope of buying back because the bitcoin price is too high.