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Author Topic: Buy Buy Buy or Sell Sell Sell?  (Read 149818 times)
Agbam
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Today at 06:21:18 AM
 #17401

Your statement is absolutely correct, Bitcoin is a business where you must take a risk if you want to make profit.
but you must also be sensitive by making your decision, short time investment can help you reduce the risk and plan
better  again, short time investment also gives you the opportunity to study and understand the market very well.

All your post so far identifies you as a chronic trader. Since bitcoin is a long time investment, why then should we even want to give a fuck about short time investment(trading)? I don't think you should either.

As a matter of fact, person don't need to go on fucking around trading before they can understand bitcoin. If you want to grow up your bitcoin stash and have a very meaningful bitcoin stash, then focus on ongoingly accumulating bitcoin for nothing less than four years and beyond. Bitcoin dosen't guarantee quick profits, so quit trying to outwit the market or make profit and just go ahead with your ongoing investment and along the line you can study to understand bitcoin more better.

Bitcoin is also not a business, it is a long time investment

People do not need to spend their entire time trading to know bitcoin portfolio one should look consistently on accumulating Bitcoin at least 2 to 3 years or even longer. Secondly Bitcoin doesn't guarantee anybody or promise a quick gain so people should stop to outsmart the market price with steady trading.
A lot of your point gives that one are primary a trader, but bitcoin is meant to be for longer time investment so why should people care so much about short term investment.
It is true that an investor does not need to trade all the time but should focus more on savings. But a 2–3 year time frame may not be enough for long-term Bitcoin investment. Because if someone has limited income and he buys Bitcoin little by little every week or every month from his discretionary income, then perhaps his position in 2–3 years may still be small. Because Bitcoin is not just a calendar time calculation but how much value he has been able to accumulate in Bitcoin compared to his income may also be important.

For example, someone may be starting with his small discretionary income. After 2–3 years, he may be able to gain practical experience, be mentally strong in the market fluctuations but that does not mean that his accumulation work is over. Rather, he may have increased his income, strengthened his emergency fund and become in a position to invest more money regularly than before.
An investor does not need to trade at all, there’s no reason for you to be dwelling on short term price movements, it’s only going to waste your time and cost you reasonable money that could have gone to build your bitcoin portfolio. Trading even when it’s beneficial cannot be compared to the long term gains, investors should know this.

You’re right 2-3 years is a long time but considering holding in bitcoin it’s not long term. The minimum long term is to complete a cycle and that’s 4 years. So an investor should consider holding for a period of 4-10 years or more.

The Founding Titan
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Today at 08:17:57 AM
 #17402


What's your take on this? Given the period we're in is it buy time or sell time?

Judging from the reputation of Bitcoin over the year, I think there is no specific time to buy or sell Bitcoin, no matter the price at that moment, it all depends on your plan or should I say strategy

This is why starting your Bitcoin journey without clear plan or strategy has cost many people alot painful lessons.
What strategy are you talking about? There is no specific time to buy bitcoin because we can buy bitcoin anytime at all provided that we have our discretionary income and the DCA is the best strategy to use if you want to buy whenever, this is because what a person needs to start investing in bitcoin is their discretionary income and I would advise any newbie who whats to invest in bitcoin to use the DCA as their strategy of choice and to make sure they don't get tempted to invest outside of their discretionary income.

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