This is very subjective for each investor as it varies when they will buy or sell their stash. So it depends on their strategy how they can accumulate profits from their investment. The entry and exit points are also varied and so there is no concrete percentage of how much profit a user can get from this market. But before someone invests, he should know the pros and cons participating in this market.
Yes profiting from bitcoin is subjective and when to enter and when to sell, it will have a considerable influence in increasing your money that you invest in bitcoin, but the biggest influence besides that is how much money you keep in bitcoin, this may often be missed but this is a very important part.
If in 2022 you buy bitcoin at a price of $20k with a purchase of $20 then now it has risen 200% at a price of $60k, your money is $60 today, and what if you buy bitcoin at a price of $20k with a total purchase of $200k, it will give a much bigger multiple, right? not only when you enter and when you sell, but also need to pay attention to the scale of the purchase if you want to get additional wealth from bitcoin.
Buy low Sell high would really be the main key on here, even to those people who had been saying that if you are going for long term then any entry point would be considerable but we know that for us to be able to maximize profitability then we would really be doing our very best on trying to catch the bottom and this is why people would really be keeping on questioning whether we are already at the bottom or not still.
Bitcoin is never been a quick rich investment and its not something that too fast for you to become poor. The key on here is that you should really be having that realistic approach towards investing on Bitcoin or
you would really be thinking about crypto investment as a whole. You would really be needing to know about the basics on how this market behaves and which projects or coins would really be worthy on holding for longterm. This is why it would really be something that will really be differ on each person because we do have different mindset and impression on things.
Basic things are obligations that an investor must know, such as the season in the crypto market fundamentally and so on are obligations for us as investors, of course entering and exiting is also a strategy in investing to stay on the goals we set.
Speaking of views and impressions is subjective but we can have the same mindset on a way and method to get something even with different resources because truth is an absolute thesis that can be claimed consensus on a method, I hope you understand.
But talking about when the right time to enter and exit on bitcoin is depending on how your target and urgency as an investor in maximizing profitability, but on the same principle bitcoin never touches its bottom price twice every cycle.
Look, gotta be kind to newbies, thats the best way forward. But bad info spreads fast, and we need to call that stuff out. The basics are the basics, folks: crypto goes up and down, you have to know when to get in, when to cash out. Top investors, the best of the best, they understand this.
Now, perfect timing? Thats a myth, but there are rules that always apply. Here's a big one, and trust me on this: Bitcoin never goes back to the same low in a cycle. That's an opportunity only smart investors see. But its not just luck, its about knowing the big picture - the economy, your own money goals. When you align those with the right buy or sell, thats when Bitcoin works its magic, believe me. Its knowledge, its strategy, its timing - thats what makes a winer in this game. Stay sharp, call out the nonsense, and help each other get this right.
