Buy Buy Buy or Sell Sell Sell?

[Sim_card]

This belief often extends to a conviction that cryptocurrencieswill eventually supplant traditional currencies and reshape the global financial landscape.

Firstly, you should use the appropriate word which is bitcoin and not cryptocurrency because you cannot hodli shitcoins and only bitcoin has the potential to grow exponentially and that is why only bitcoin long term invstors are called hodlers. You cannot hodli shitcoins because they are worthless and you will run at loss if you try to hodli shitcoins since they're for short term. JJG, you posted first what I was aboyt saying before me.

Secondly bitcoin will never replace fiat because that was not why it was created and as long as the world exist fiat will always exist since it was created by the government, so don't get it wrong that bitcoin will replace fiat because they will work and in hand. Or have gold replaced fiat?

[Furious 7]

I don't think there is anyone that will say that trading is completely bad because it isn't and there are people making a decent living from trading. What seems to make trading bad is the attitude of people towards trading. If you have tried trading before, you will agree with me that there is this hype and tendency to think that making money could be easy and fast from trading. This is usually the source of problem for people and the reason you see many people fail in trading. When people are so hyped and focused on the money, they tend to ignore the need to control the risk, therefore they go all in and often harm their finances so badly.

The only trading strategy which have potential to work in an unpredictable market is long term trading, which involved the trader holding for a long time period, up to few years... That is why patience is needed. On the other hand, for daily traders there aren't any assurances they are going to make guaranteed profit from this activity in a daily basis, therefore to rely a living from trading is too risky due to market's conditions.

And doesn't matter how professional and skilled the individual is on trading matters, he still can't forecast the next movement of crypto market accurately. These people making a decent living from trading you mentioned must have another sources of income to ensure their finances continue doing well in case trading fail along the way.

We say that with investment mate Actually when referring to the long term why do we only focus on trading because instead of doing that it is clearly more worth it by investing than trading and waiting for the profits to come to us.

We have to realize that when the focus is for the next few years maybe even longer then it will be more worth it to use that time to be used as an investment especially when you continue to add little by little so that the investment we have is increasing of course this is a good situation.
I will not offend traders as someone bad but sometimes we have to think rationally where for the current conditions when talking about investors and traders then it is definitely more worth it to be an investor of course.

[Solokan]

I also experienced something called panic because I bought Bitcoin and then when the price went down I sold it because I panicked and was afraid that my money would run out, but at that time I still didn't know about BTC and didn't know. about BTC supply and so on, but fortunately because I joined this forum and I often read.when I invested in BTC, I didn't panic when there was a decline and of course I only sold when I made a profit. and what is certain is that if there is no profit, of course I don't dare sell BTC because of course BTC has the potential to continue to rise in price in the future. As for corrections, of course this is a normal thing.

Yes, quite a lot of people buy when the price is high, but when it's down, they're afraid to buy, but of course in BTC investment, of course I don't think there's anything to be afraid of. because the potential for profit will continue to exist as long as you hold it firmly for the long term. so given the current price I don't think now is the time to sell because of course I think now is the time to buy btc and prepare for a higher rally.

but of course in this case everyone has their own way but for me personally I prefer to hold BTC and if I have extra money of course I will buy a little BTC because I believe there is great potential for BTC to reach $100k. Honestly for me now is not the time to sell.

[Zackz5000]

This belief often extends to a conviction that cryptocurrencieswill eventually supplant traditional currencies and reshape the global financial landscape.

Firstly, you should use the appropriate word which is bitcoin and not cryptocurrency because you cannot hodli shitcoins and only bitcoin has the potential to grow exponentially and that is why only bitcoin long term invstors are called hodlers. You cannot hodli shitcoins because they are worthless and you will run at loss if you try to hodli shitcoins since they're for short term. JJG, you posted first what I was aboyt saying before me.

Secondly bitcoin will never replace fiat because that was not why it was created and as long as the world exist fiat will always exist since it was created by the government, so don't get it wrong that bitcoin will replace fiat because they will work and in hand. Or have gold replaced fiat?

You are right mate some forks here keep on using the word cryptocurrency instead of Bitcoin getting most newbies confused, they have forgotten that cryptocurrency is just a general word where Bitcoin and other unreliable conis lies.

That is why it is always important to be specific about the exact coin we are referring to so that new investors will also know the coin we are referring to but when the word cryptocurrency is been use it get people more confused.

Some newbies might decide to go and invest into
shitcoins believing it's Bitcoin because of some posters inability and unspecific about the exact coin they keep on referring to. Bitcoin can't be shitcoins and shitcoin can't be Bitcoin that is what they really need to know about.

[Ambatman]

The philosophy of a Hodler is rooted in a long-term belief in the fundamental value and potential of cryptocurrencies, it’s a strategy that leverages the power of patience over the high-risk, high-reward nature of active trading.

Hodlers typically believe that despite the short-term market fluctuations, the intrinsic value of cryptocurrencies like Bitcoin will see exponential growth in the long run.

This belief often extends to a conviction that cryptocurrencies will eventually supplant traditional currencies and reshape the global financial landscape.

It would be funny if you tell a supposed holder of Xrp since 2018 when XRP was priced $3 the same thing.
Or Holder of Worldcoin or XYM or Shibainu or EPX.
There are lots and lots of coins to show why HODLING is for Bitcoin and not shitcoin.
If you hold a Corn, it would grow and bring forth more cornz but a dirt will always be a dirt no matter how's packaged.
"Hodlers typically believe that" this sounds weird, one you made it seem like you talking about a set of people different from you and also Bitcoin didn't come to rule the world
It's an opportunity to be your own Bank. It's different from Fiat.

I also experienced something called panic because I bought Bitcoin and then when the price went down I sold it because I panicked and was afraid that my money would run out, but at that time I still didn't know about BTC and didn't know. about BTC supply and so on, but fortunately because I joined this forum and I often read.when I invested in BTC, I didn't panic when there was a decline and of course I only sold when I made a profit. and what is certain is that if there is no profit, of course I don't dare sell BTC because of course BTC has the potential to continue to rise in price in the future. As for corrections, of course this is a normal thing.

A shame I learnt about this forum late.
I Was around Bitcoin 2020 halving, I heard about it but didn't even know what it meant.
Thought it meant the price would be halved and I waited and waited and waited for it but it never came.
But Bought quite a Sum around $9K and sold around $10K and I felt I was the smartest man on earth.
Lol how I can't even imagine how ignorant and foolish I was.
The one that ticked the box for me was FTX dip and I sold at a Loss.
Some months later I learnt about Bitcointalk and saw a post by Franky that Bitcoin wouldn't fall more than $15K because of the cost of mining a bitcoin is around that price
And it would be hard for Miners to sell at loss.
Boy why didn't I see this post before selling instead all I was seeing was Bitcoin to $10K, $6K.
Now I made a vow that even if am going to sell some,It would never be in a Loss.

[MainIbem]

It would be funny if you tell a supposed holder of Xrp since 2018 when XRP was priced $3 the same thing.
Or Holder of Worldcoin or XYM or Shibainu or EPX.
There are lots and lots of coins to show why HODLING is for Bitcoin and not shitcoin.
If you hold a Corn, it would grow and bring forth more cornz but a dirt will always be a dirt no matter how's packaged.
"Hodlers typically believe that" this sounds weird, one you made it seem like you talking about a set of people different from you and also Bitcoin didn't come to rule the world
It's an opportunity to be your own Bank. It's different from Fiat.

I love the way you explained Holding to him using (Corn and Dirt) I used to have that mentality that their are good Alts I can hold for long-term and I bought some coin and watched it crash, it changed my mentality about Holding and made me understand that there's nothing close to Bitcoin and that most of those coins depends on Bitcoin's volatility to gain in price, so why then would I leave something that's superior to invest on others that are depending on it, it's just like disregarding the instructions of your boss and follow that of his cleaner or security guard. Also I now understand that lots of people still got wrong thoughts about Bitcoin, it was created as an Alternative to Fiat and give users opportunity to be their own bank like you said and not to overthrow Fiat currency.

A shame I learnt about this forum late.
I Was around Bitcoin 2020 halving, I heard about it but didn't even know what it meant.
Thought it meant the price would be halved and I waited and waited and waited for it but it never came.
But Bought quite a Sum around $9K and sold around $10K and I felt I was the smartest man on earth.
Lol how I can't even imagine how ignorant and foolish I was.
The one that ticked the box for me was FTX dip and I sold at a Loss.
Some months later I learnt about Bitcointalk and saw a post by Franky that Bitcoin wouldn't fall more than $15K because of the cost of mining a bitcoin is around that price
And it would be hard for Miners to sell at loss.
Boy why didn't I see this post before selling instead all I was seeing was Bitcoin to $10K, $6K.
Now I made a vow that even if am going to sell some,It would never be in a Loss.

Well it's no shame to me cause it's better late than never, their are people who don't even know anything about Bitcoin and are very eager to know since they've seen it's potential, atleast your knowledge and understanding is far better than their's when it comes to Bitcoin and their are some errors they'll make at the early stages of their involvement in Bitcoin that you won't think of making (errors like panic selling or adding shitcoins to their portfolio due to FOMO) and I see that with the knowledge you've got so far, you've realised your previous errors and wrong choices of investment and would be very careful not to repeat them again. I believe that you've been following threads as this on a regular so you should now know your way around Bitcoin and the best ways to invest on it, that alone should make you proud instead of wishing you Learnt earlier, I believe the future is better than the past.

[Rabata]

Holding for few years is just what we generally regard as investment since trading is seen from the angle of a couple of days or months before the selling. I think it is necessary to make that distinction for the purpose of the discussion because even short term investment is not too different from position trading which involved holding for several months and sometimes years.

Thinking on trading as the practice of holding only for days or up to few months before selling, makes the activity even more risky for those seeking for a reliable source of profit, at same time it becomes more similar to gambling activity. Regards short term investments in crypto industry, I fear it's not possible to name them as investments due to the unpredictability factor involved. Analysis don't work on short run here, therefore it's a better idea to focus the investments made in crypto aiming long term returns exclusively.

There is a difference between trading and investing. We can describe short term holding as trading but when we describe it as investing we mean long term holding. Trading and short-term profit are not the main objective for those trying to hold Bitcoin. Those who are trading for short-term profit are acting like a form of gambling. They can never be sure so they live in uncertainty like this for years. A Bitcoin holder may not be profitable in the short term but if he is able to hold for several years, he has the opportunity to profit more than a normal trader. While short-term investing carries risk, Bitcoin can provide an opportunity for long-term investment.

[Cryptoprincess101]

This belief often extends to a conviction that cryptocurrencieswill eventually supplant traditional currencies and reshape the global financial landscape.

Firstly, you should use the appropriate word which is bitcoin and not cryptocurrency because you cannot hodli shitcoins and only bitcoin has the potential to grow exponentially and that is why only bitcoin long term invstors are called hodlers. You cannot hodli shitcoins because they are worthless and you will run at loss if you try to hodli shitcoins since they're for short term. JJG, you posted first what I was aboyt saying before me.

Secondly bitcoin will never replace fiat because that was not why it was created and as long as the world exist fiat will always exist since it was created by the government, so don't get it wrong that bitcoin will replace fiat because they will work and in hand. Or have gold replaced fiat?

You are right mate some forks here keep on using the word cryptocurrency instead of Bitcoin getting most newbies confused, they have forgotten that cryptocurrency is just a general word where Bitcoin and other unreliable conis lies.

That is why it is always important to be specific about the exact coin we are referring to so that new investors will also know the coin we are referring to but when the word cryptocurrency is been use it get people more confused.

Some newbies might decide to go and invest into
shitcoins believing it's Bitcoin because of some posters inability and unspecific about the exact coin they keep on referring to. Bitcoin can't be shitcoins and shitcoin can't be Bitcoin that is what they really need to know about.

Actually I don't think mentioning about cryptocurrency is not an appropriate word because Bitcoin is also a cryptocurrency in a general term but since Bitcoin is the mother of all cryptocurrency we still need to accord it that respects of being direct whenever we are talking about it or anything related to it. The more reason why we should be direct when referring to Bitcoin is mostly for new beginners who may not be able to differentiate between Bitcoin and other cryptocurrency and it will be an off topic generalizing Bitcoin with cryptocurrency when the discussion here is strictly Bitcoin friendly.

[JayJuanGee]

This belief often extends to a conviction that cryptocurrencieswill eventually supplant traditional currencies and reshape the global financial landscape.

Firstly, you should use the appropriate word which is bitcoin and not cryptocurrency because you cannot hodli shitcoins and only bitcoin has the potential to grow exponentially and that is why only bitcoin long term invstors are called hodlers. You cannot hodli shitcoins because they are worthless and you will run at loss if you try to hodli shitcoins since they're for short term. JJG, you posted first what I was aboyt saying before me.

Secondly bitcoin will never replace fiat because that was not why it was created and as long as the world exist fiat will always exist since it was created by the government, so don't get it wrong that bitcoin will replace fiat because they will work and in hand. Or have gold replaced fiat?

You are right mate some forks here keep on using the word cryptocurrency instead of Bitcoin getting most newbies confused, they have forgotten that cryptocurrency is just a general word where Bitcoin and other unreliable conis lies.

That is why it is always important to be specific about the exact coin we are referring to so that new investors will also know the coin we are referring to but when the word cryptocurrency is been use it get people more confused.

Some newbies might decide to go and invest into
shitcoins believing it's Bitcoin because of some posters inability and unspecific about the exact coin they keep on referring to. Bitcoin can't be shitcoins and shitcoin can't be Bitcoin that is what they really need to know about.

Actually I don't think mentioning about cryptocurrency is not an appropriate word because Bitcoin is also a cryptocurrency in a general term but since Bitcoin is the mother of all cryptocurrency we still need to accord it that respects of being direct whenever we are talking about it or anything related to it. The more reason why we should be direct when referring to Bitcoin is mostly for new beginners who may not be able to differentiate between Bitcoin and other cryptocurrency and it will be an off topic generalizing Bitcoin with cryptocurrency when the discussion here is strictly Bitcoin friendly.

There is nothing wrong with attempting to be clear in your communications, and there surely exists an actual world in which there are a whole hell of a lot of shitcoins that attempt to promote themselves based on some kind of connection with bitcoin, and sometimes some of those shitcoins are in the news or even some discussion of bitcoin might also relate to what might be happening with some shitcoins, so it does not hurt to refer to or discuss those various kinds of situations.

Some of the problems related to the use of the term crypto frequently has to do with failing/refusing to specify what is being discussed as if it were its own category, including failure/refusal to use the term bitcoin if the reference is to bitcoin or to otherwise specify that bitcoin is not part of the reference, if that might be the case.  Using the term crypto tends to be vague, ambiguous and frequently misleading, and even your proclamation that bitcoin is a part of crypto glosses over the problematic presumption that when the term crypto is used, then it is also referring to bitcoin.. which it may or may not be, and also sometimes there might even be some purposeful avoidance of the use of the word bitcoin or to perhaps try to appear smarter when discussing crypto and implying that crypto is something that you could actually buy, sell and/or otherwise get involved in spending time and energies.

Some folks are using the word crypto because they don't actually know what bitcoin is and they don't really know how to differentiate bitcoin and crypto, and there might not be anything wrong with that if they just disclose that they don't really know anything rather than using the crypto term as a way to gloss over their own ignorance in regards to how to clarify what they are trying to talk about.

Sure bitcoin is part of crypto, yet if you don't really specify what you are talking about, you also might mislead folks into believing that all crypto are the same and perhaps unwittingly (maybe intentional in some cases) misleading folks into believing that all crypto are variations of the same thing or variations of bitcoin.. so there develops some erroneous perceptions that crypto is just different variation of bitcoin in which the various crypto merely have differing prices an some various differing features that may well end up equalizing at some point... which is not completely untrue, but it still tends to be quite misleading and frequently gives too much of a positive platform to various shitcoins that end up profiting from their affiliation to bitcoin.

If any of attempts to specify what we are talking about or even proclaim some of the limits of our own knowledge (if that happens to be the case), then we likely are going to be better off, and another thing if we are within a bitcoin thread, then it tends to be better to be clarifying the extent to which we might be deviating from the topic if we are referring to various shitcoins or the "crypto" space rather than talking about bitcoin to also avoid pumping or promoting some of the various shitcoins, since frequently shitcoiners love to pump their crap and it may well be better to make sure that we are not pumping or promoting shitcoins within a bitcoin thread, which almost any discussion of shitcoins can devolve into discussions of which shitcoin is less shitty if we do not attempt to nip such discussions in the bud.

[reefsea]

I largely agree with your points here in terms of investing, buying holding is better than trading, yet I still disagree with your earlier assertion that 1 year is long term investing..

you are right, long term investment should be above 5 years or 10 years as you mentioned. But isn't that a bit long.

Btw I already understand the idea, I found an article about it.



Source : https://www.forbes.com/advisor/investing/investing-time-horizon/

It is indeed a bit long in duration, but if it is successfully implemented, maybe it will make us feel a sense of success and extraordinary pleasure because we can achieve the target of long term investment or exceed 10 years.

[JayJuanGee]

I largely agree with your points here in terms of investing, buying holding is better than trading, yet I still disagree with your earlier assertion that 1 year is long term investing..

you are right, long term investment should be above 5 years or 10 years as you mentioned. But isn't that a bit long.

Btw I already understand the idea, I found an article about it.

Source : https://www.forbes.com/advisor/investing/investing-time-horizon/

It is indeed a bit long in duration, but if it is successfully implemented, maybe it will make us feel a sense of success and extraordinary pleasure because we can achieve the target of long term investment or exceed 10 years.

You seem to be wanting to plug ideas about general investment timelines into a specific investment (namely bitcoin in this case).   Just because someone from Forbes frames the concept of short term and medium term investments as if they were meaningful categories does not cause them to either be meaningful categories or specifically applicable to bitcoin.

I largely already described the 4-year cycle idea in regards to how any of us should be thinking about bitcoin, and frequently I also refer to the special paradigm-shifting contribution coming from bitcoin in which we are able to transfer (and store) value and information in self-sovereign kinds of ways..  yeah, it is not completely fool-proof, yet bitcoin is still bringing new kinds of possibilities and sound-money attributes to normies and also to institutions and governments.  We don't see the world transformed right away, yet we should still be attempting to appreciate bitcoin for what it is and understanding that if we invest into bitcoin, we should be attempting to at least invest for a whole cycle, if possible.

If we are not able to invest at least a  whole bitcoin cycle, then at least we should recognize and appreciate that bitcoin  is very volatile and prices could go up or down during such shorter time-frame, and it seems way more appropriate and accurate to be describing those shorter than 4-year timelines as trades (and maybe gambles) rather than investing.

You can think of the matter however, you like and you can let unclear thinking garble your way of thinking about investing into bitcoin and consider that you are investing into bitcoin when you are actually trading.  That is your choice to call what you are doing whatever you want, even if less than 4-year timelines seem to me to be way more like trading and/or trying to play a wave rather than investing.

Yeah, I understand that there could be some people who get into bitcoin, and they anticipate that they are going to be able to stay invested for more than 4 years, yet sometimes unexpected things happen in life, and so they may end up having to break from their BTC investment earlier than expected.  We should be trying to plan our investment so that we are not going to end up in any kind of a situation in which we might have to sell in less than 4 years, even though surely there could actually be circumstances that are beyond our own expectations that end up taking place in less than 4 years time.. yet if we already know that we are not able to invest into bitcoin for at least 4 years, either we might not want to buy into bitcoin or at least we might be able to attempt to be realistic with ourselves and to recognize and appreciate that we are engaged in a trading and/or gambling process rather than an investment process.

Another thing.  You can believe in short and/or medium term investing all that you like; however, those sound like attempts of traders to convolute ideas by describing the taking of trading positions as if they are investments. Surely there are exceptions to every idea and there could be some traders who are treating their trading capital as if it were an investment, yet from my point of view that sounds overly confusing and maybe even purposefully trying to lure folks who are trading into considering their practices as if they were investing, rather than being either trading and/or gambling.

[uswa56]

Thinking on trading as the practice of holding only for days or up to few months before selling, makes the activity even more risky for those seeking for a reliable source of profit, at same time it becomes more similar to gambling activity. Regards short term investments in crypto industry, I fear it's not possible to name them as investments due to the unpredictability factor involved. Analysis don't work on short run here, therefore it's a better idea to focus the investments made in crypto aiming long term returns exclusively.

There is a difference between trading and investing. We can describe short term holding as trading but when we describe it as investing we mean long term holding. Trading and short-term profit are not the main objective for those trying to hold Bitcoin. Those who are trading for short-term profit are acting like a form of gambling. They can never be sure so they live in uncertainty like this for years. A Bitcoin holder may not be profitable in the short term but if he is able to hold for several years, he has the opportunity to profit more than a normal trader. While short-term investing carries risk, Bitcoin can provide an opportunity for long-term investment.

You're right, both of the things you mentioned certainly have a strategy in running and most people choose to hold Bitcoin in the long term to make a profit and I agree with you it will indeed be very difficult to make a profit on Bitcoin in the short term and it is not even uncommon for someone to be very disappointed when they cannot make a profit in the short term.
When choosing to hold Bitcoin in the long term, of course, it takes careful preparation to be able to look forward to profits because without having any preparation it will be difficult to carry out investments in the long term.

[SuperBitMan]

Thinking on trading as the practice of holding only for days or up to few months before selling, makes the activity even more risky for those seeking for a reliable source of profit, at same time it becomes more similar to gambling activity. Regards short term investments in crypto industry, I fear it's not possible to name them as investments due to the unpredictability factor involved. Analysis don't work on short run here, therefore it's a better idea to focus the investments made in crypto aiming long term returns exclusively.

There is a difference between trading and investing. We can describe short term holding as trading but when we describe it as investing we mean long term holding. Trading and short-term profit are not the main objective for those trying to hold Bitcoin. Those who are trading for short-term profit are acting like a form of gambling. They can never be sure so they live in uncertainty like this for years. A Bitcoin holder may not be profitable in the short term but if he is able to hold for several years, he has the opportunity to profit more than a normal trader. While short-term investing carries risk, Bitcoin can provide an opportunity for long-term investment.

You're right, both of the things you mentioned certainly have a strategy in running and most people choose to hold Bitcoin in the long term to make a profit and I agree with you it will indeed be very difficult to make a profit on Bitcoin in the short term and it is not even uncommon for someone to be very disappointed when they cannot make a profit in the short term.
When choosing to hold Bitcoin in the long term, of course, it takes careful preparation to be able to look forward to profits because without having any preparation it will be difficult to carry out investments in the long term.

Now when it comes to bitcoin investment in other to make good profit one needs to hold for a long time because Bitcoin don't grow just like that it takes time for it to grow, those who has been holding Bitcoin for 10 years now can testify if you can't hold for a long term then you can't make huge profit is as simple as that, you need to be patient if you want to succeed in Bitcoin investment.
There are few things that one needs in other to succeed in Bitcoin investment which are.
1. Patience
2. Source of income
3. Backup funds
4. Good management skill
5. Consistency

You are right when you said "without having any preparation it will be difficult to carry out investments in the long term" you can't just start long term Bitcoin investment without preparing and having somethings on ground which are.

1. Source of income.
Without having a source of income one can't accumulate Bitcoin because you need money to be able to accumulate and keep your Bitcoin.
2. Good management skill.
You must know how to manage your salary very well if you don't know how to manage it well you will always find your self dipping hands into your Bitcoin investment.

[Barikui1]

Thinking on trading as the practice of holding only for days or up to few months before selling, makes the activity even more risky for those seeking for a reliable source of profit, at same time it becomes more similar to gambling activity. Regards short term investments in crypto industry, I fear it's not possible to name them as investments due to the unpredictability factor involved. Analysis don't work on short run here, therefore it's a better idea to focus the investments made in crypto aiming long term returns exclusively.

There is a difference between trading and investing. We can describe short term holding as trading but when we describe it as investing we mean long term holding. Trading and short-term profit are not the main objective for those trying to hold Bitcoin. Those who are trading for short-term profit are acting like a form of gambling. They can never be sure so they live in uncertainty like this for years. A Bitcoin holder may not be profitable in the short term but if he is able to hold for several years, he has the opportunity to profit more than a normal trader. While short-term investing carries risk, Bitcoin can provide an opportunity for long-term investment.

You're right, both of the things you mentioned certainly have a strategy in running and most people choose to hold Bitcoin in the long term to make a profit and I agree with you it will indeed be very difficult to make a profit on Bitcoin in the short term and it is not even uncommon for someone to be very disappointed when they cannot make a profit in the short term.
When choosing to hold Bitcoin in the long term, of course, it takes careful preparation to be able to look forward to profits because without having any preparation it will be difficult to carry out investments in the long term.

Now when it comes to bitcoin investment in other to make good profit one needs to hold for a long time because Bitcoin don't grow just like that it takes time for it to grow, those who has been holding Bitcoin for 10 years now can testify if you can't hold for a long term then you can't make huge profit is as simple as that, you need to be patient if you want to succeed in Bitcoin investment.
There are few things that one needs in other to succeed in Bitcoin investment which are.
1. Patience
2. Source of income
3. Backup funds
4. Good management skill
5. Consistency

You are right when you said "without having any preparation it will be difficult to carry out investments in the long term" you can't just start long term Bitcoin investment without preparing and having somethings on ground which are.

1. Source of income.
Without having a source of income one can't accumulate Bitcoin because you need money to be able to accumulate and keep your Bitcoin.
2. Good management skill.
You must know how to manage your salary very well if you don't know how to manage it well you will always find your self dipping hands into your Bitcoin investment.

All that you said are very much ok too me, except the good management skills that you listed down, to be honest bro, you don't need to have any good management skills to invest in Bitcoin, because am quite certain that as long as you have a reliable source of income and an emergency fund to fund your rainy days, then you are good to go, having good management skills are mostly for traders,   or if I may ask, what are you going to manage your holdings from? Are you going to be tempering with it? By trading it for minimal gains? Because am very much certain that good management skills or Money management skills are meant for traders, not investors like you and I.

So in my own opinion bro, I actually don't think it's necessary to have a good management skills to be able to hold successfully, and be a success in your Bitcoin investment journey, I actually don't know if anyone have a different view except you, but this is actually my own opinion though.

[SuperBitMan]

Thinking on trading as the practice of holding only for days or up to few months before selling, makes the activity even more risky for those seeking for a reliable source of profit, at same time it becomes more similar to gambling activity. Regards short term investments in crypto industry, I fear it's not possible to name them as investments due to the unpredictability factor involved. Analysis don't work on short run here, therefore it's a better idea to focus the investments made in crypto aiming long term returns exclusively.

There is a difference between trading and investing. We can describe short term holding as trading but when we describe it as investing we mean long term holding. Trading and short-term profit are not the main objective for those trying to hold Bitcoin. Those who are trading for short-term profit are acting like a form of gambling. They can never be sure so they live in uncertainty like this for years. A Bitcoin holder may not be profitable in the short term but if he is able to hold for several years, he has the opportunity to profit more than a normal trader. While short-term investing carries risk, Bitcoin can provide an opportunity for long-term investment.

You're right, both of the things you mentioned certainly have a strategy in running and most people choose to hold Bitcoin in the long term to make a profit and I agree with you it will indeed be very difficult to make a profit on Bitcoin in the short term and it is not even uncommon for someone to be very disappointed when they cannot make a profit in the short term.
When choosing to hold Bitcoin in the long term, of course, it takes careful preparation to be able to look forward to profits because without having any preparation it will be difficult to carry out investments in the long term.

Now when it comes to bitcoin investment in other to make good profit one needs to hold for a long time because Bitcoin don't grow just like that it takes time for it to grow, those who has been holding Bitcoin for 10 years now can testify if you can't hold for a long term then you can't make huge profit is as simple as that, you need to be patient if you want to succeed in Bitcoin investment.
There are few things that one needs in other to succeed in Bitcoin investment which are.
1. Patience
2. Source of income
3. Backup funds
4. Good management skill
5. Consistency

You are right when you said "without having any preparation it will be difficult to carry out investments in the long term" you can't just start long term Bitcoin investment without preparing and having somethings on ground which are.

1. Source of income.
Without having a source of income one can't accumulate Bitcoin because you need money to be able to accumulate and keep your Bitcoin.
2. Good management skill.
You must know how to manage your salary very well if you don't know how to manage it well you will always find your self dipping hands into your Bitcoin investment.

All that you said are very much ok too me, except the good management skills that you listed down, to be honest bro, you don't need to have any good management skills to invest in Bitcoin, because am quite certain that as long as you have a reliable source of income and an emergency fund to fund your rainy days, then you are good to go, having good management skills are mostly for traders,   or if I may ask, what are you going to manage your holdings from? Are you going to be tempering with it? By trading it for minimal gains? Because am very much certain that good management skills or Money management skills are meant for traders, not investors like you and I.

So in my own opinion bro, I actually don't think it's necessary to have a good management skills to be able to hold successfully, and be a success in your Bitcoin investment journey, I actually don't know if anyone have a different view except you, but this is actually my own opinion though.

Now let me tell you the reason you need a good management skill, now as someone working and getting paid you need to manage your money very well in other to make good use of it, if you spend your money anyhow you will always find yourself dipping hands into your Bitcoin investment, a lot of people that has failed in there Bitcoin accumulation journey did so because they didn't manage there income very well, some people spends money on things that are unnecessary and at the end of the day they will not have discretionary income lift.
Even if you have a good source of income with an emergency fund if you don't manage those income very well it will finish, have you not seen people who has good job paying them very well monthly but they always borrow money before the end of the month and the reason for that is lack of management skill.
One can't say knowing how to manage money is not important when it comes to bitcoin investment, Bitcoin investment is were knowing how to manage money is very much needed because it helps secure your Bitcoin investment.

[Jewan420]

2. Source of income

I want to add something more to you. Regarding the source of income I think one should not start investing only if there is a source of income. Your source of income should be a reliable source of income. There is a big difference between a source of income and a reliable source of income.

Source of income means any source of income, may be part-time or full-time but is not capable of meeting your complete needs or is not sufficient for investment after meeting the needs or there is no guarantee of how long this source of income will last. It is almost impossible to start investing or succeed in investing with such an income source. Investments must have a reliable source of income or an alternative source of income from which you will not need enough money to invest even after meeting your entire needs. There should even be an assurance about how long your source of income will last. If your source of income is viable and investable then we can call it a reliable source of income and eligible for investment. If there is no reliable source of income, I think it is better not to invest.

[laijsica]

2. Source of income

I want to add something more to you. Regarding the source of income I think one should not start investing only if there is a source of income. Your source of income should be a reliable source of income. There is a big difference between a source of income and a reliable source of income.

Source of income means any source of income, may be part-time or full-time but is not capable of meeting your complete needs or is not sufficient for investment after meeting the needs or there is no guarantee of how long this source of income will last. It is almost impossible to start investing or succeed in investing with such an income source. Investments must have a reliable source of income or an alternative source of income from which you will not need enough money to invest even after meeting your entire needs. There should even be an assurance about how long your source of income will last. If your source of income is viable and investable then we can call it a reliable source of income and eligible for investment. If there is no reliable source of income, I think it is better not to invest.

You must have a reliable income to determine a sustainable and long-term investment strategy and execute accordingly. Yes an investor can start DCA strategy if he wants to choose from any source of future income to determine his strategy. You should tell him that you can be successful in investing because if he can start with small amount in the beginning then later he will try to continue DCA strategy regularly.

A person's tendency to fear investment does not allow him to become a successful and long-term investor because investment fear works in him. In my opinion if an investor has a discretionary income to deposit at least $50 dollars a month he should continue to deposit bitcoins with that amount. If he has a temporary source of income then he must deposit accordingly as he may later make that temporary source of income permanent. The bottom line is that you need to start accumulating bitcoins in any amount because if you wait more for permanent earnings it will only be a waste of time and discretionary income may not be in your hand so you must take the right decision at the right time.
In conclusion I would like to say that an investor should not be discouraged if he has a source of discretionary income (in terms of investment).

[Ambatman]

All that you said are very much ok too me, except the good management skills that you listed down, to be honest bro, you don't need to have any good management skills to invest in Bitcoin, because am quite certain that as long as you have a reliable source of income and an emergency fund to fund your rainy days, then you are good to go, having good management skills are mostly for traders,   or if I may ask, what are you going to manage your holdings from? Are you going to be tempering with it? By trading it for minimal gains? Because am very much certain that good management skills or Money management skills are meant for traders, not investors like you and I.

Good management skill is required and needed in all sector of our life.
It shouldn't be overlooked
DCA is a form of management, if you lack proper management then you plan on failing.
What you mentioned that are needed in place of good management fall under management skill.
It shouldn't be underestimated, if you have a goal to achieve, management must be available for success to be possible.
Management skill even covers the security of your Bitcoin.
Wanted to say if you manage your Bitcoin it would manage you
But was cringed 

[BITCOIN4X]

~Snip

Good management skill is required and needed in all sector of our life.
It shouldn't be overlooked
DCA is a form of management, if you lack proper management then you plan on failing.
What you mentioned that are needed in place of good management fall under management skill.
It shouldn't be underestimated, if you have a goal to achieve, management must be available for success to be possible.
Management skill even covers the security of your Bitcoin.
Wanted to say if you manage your Bitcoin it would manage you
But was cringed 

DCA is a strategy of investment, this approach is favored by those who have a regular investment budget. They will accumulate bitcoins over time for long-term plans, so buying DCA will give them the opportunity to buy at a lower average price.

Investment management basically must involve your knowledge and ability to analyze investment instruments. You must know what bitcoin is, what your investment goals are, how to consider the risks and also need an evaluation. So if you speak in general, then management is clearly needed in investing, while specifically there are many managements that you need to master including capital management, risk management and so on.

[Stavri]

Use only EMA200.
buy/long at EMA200 sl at -5%
sell/short at EMA200 sl at +5%