Don’t Fall Prey to these Market Sentiments and Save your Bitcoin

[salad daging]

The best advice to follow is to see bitcoin as a long term investment vehicle. Ignore all outside noise, FUD & short term price movements. You will not lose money if you buy bitcoin & hold it long term. For any noob, just starting to buy now, it might be hard for you to become rich by buying only bitcoin in the short term but if you buy bitcoin regularly over many years you will be in a good position.

Save bitcoin alongside regular monthly fiat or pension contributions. 20 years of DCA (dollar-cost-averaging) monthly into bitcoin will put you in a nice position to enjoy a comfortable retirement.

Bitcoin has prospects for the long term and we must have a goal of at least 5-10 years to invest in bitcoin and this will mean much more than the short term, about noise outside or even negative news that makes them panic we must be able to refrain from that situation The most important thing is never to store assets on an exchange, so we will not lose them or their value because bitcoins are still bitcoins if they are not sold.

True, if I buy the average bitcoin (DCA) from now to decades to do this it is the same as saving money for our retirement later, in fact it will be worth more than saving fiat which will become inflation.

Well, the best way is DCA (dollar-cost-averaging) or weekly or monthly if it becomes a routine, our bitcoins will accumulate in old age.

[1714662457]

1714662457

[1714662457]

1714662457

[1714662457]

1714662457

[Hispo]

-snip-

Wonderful suggestion that is! I will try to write something on that and i will include it by replacing with P&D scheme heading. I was also thinking of removing it. But i think now.

I am glad you consider my suggestion to be helpful. 
If you need some information on the methods and things to watch out for when dealing with whales while trading, I'll give you a link towards a video by a nice crypto youtuber, you probably know him. you can check on his channels for other videos about whales and market manipulation, they are very informative.

https://www.youtube.com/watch?v=ltcnTTeDFjY

Do not forget to also mention how the whales set both red and green walls on the books orders to control the price on Bitcoin.

[el kaka22]

The hold part is a bit harder, the other three I can agree on. The hold part is harder because at the end of the day we are talking about something that would be hard to achieve, maybe it will drop right after you sell and you will be doing great job, or maybe it won't drop and keep going up and you will miss so much profit chance. That is why I highly suggest that you end up with something that is a lot better if you keep working towards holding.

If you hold, even when it is dropping, you could do DCA and recover that, there is an option to do that at least. But if you don't hold and it goes up, there is no way you could recoup that loss so it's gone. I would say keep holding even until it's too late is better.

[Joshapat]

When there is an increase like now there will be a lot of temptation to sell immediately, especially those who have already bought at $ 16k, and the current price has almost touched $ 24k or a profit of more than 40%, in my opinion now it is not a good idea to sell because of the potential for an increase will continue to happen, we will regret it if later the price gets more expensive.