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Author Topic: Invest in Bitcoin for long-term purpose.  (Read 606 times)
MainIbem (OP)
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November 12, 2024, 10:47:34 AM
Merited by igebotz (2), Grace333 (2), CryptopreneurBrainboss (1)
 #1



I stumbled upon this from a news channel on Telegram this morning and I was wondering why a wealthy country as Germany would be making such Bitcoin investment errors, the thoughts that ran through my head was, don't they got experts to advise them on financial issues concerning Bitcoin, haven't they been following the previous circles to see that Bitcoin is more bullish during this period, then my conclusions was that maybe their financial experts are not competent, I might be wrong though cause they may have their reasons for taking profits after Bitcoin surged to that amount then. Anyways this should serve as a lesson to our country men who are not disciplined enough to resist taking profit at any upsurge they come across, Bitcoin investment is for long-term purpose and their's more to profit in future if only you follow according to the concepts of Bitcoin investment, everyone should emulate Micro Strategy and keep holding and buying more instead of taking profits you could see how much they would've gained in their portfolio if they were more patient enough, Donald Trump even made a statement during his campaign days that upon his return to power, he make U.S the country with the highest Bitcoin reserve and hold for the future that's to say he understands that Bitcoin investment is for long-term goals and not something you invest to take profits over any rise in price.
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November 12, 2024, 10:56:31 AM
Merited by Die_empty (2)
 #2

The government sells out their bitcoin holdings not because they want to make a profit out of them but because they want to dump what they have seized from scammers and whatever institutions they seize them from. It's just a case of let's dump it and get over; it's not about a case of them buying and wanting to sell it for profit.
 
As we all know, Germany is a rich country. The selling was not even done by the country government itself but by a small state in the country, Saxony. If we are talking about investment and long-term profit, it should not be from coins they seize.
 
Real investors that invest a heavy amount know what they are doing; they might not be entirely right, but as long as they have seen profit, I don't see any harm in selling. You never can tell what that decision might have saved the company from. We always start thinking about the negativity of large sales when price starts pumping up without also looking at the other side if reverse was the case.

 
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Adbitco
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November 12, 2024, 11:06:03 AM
 #3

Anyways this should serve as a lesson to our country men who are not disciplined enough to resist taking profit at any upsurge they come across, Bitcoin investment is for long-term purpose and their's more to profit in future if only you follow according to the concepts of Bitcoin investment, everyone should emulate Micro Strategy and keep holding and buying more instead of taking profits you could see how much they would've gained in their portfolio if they were more patient enough, Donald Trump even made a statement during his campaign days that upon his return to power, he make U.S the country with the highest Bitcoin reserve and hold for the future that's to say he understands that Bitcoin investment is for long-term goals and not something you invest to take profits over any rise in price.
I think there is something we seems not to understand about investment when it comes to bitcoin or cryptocurrency investment. You can decide to invest for long term while Mr B plans to invest for short term, what matters here is choices the ability to accept the risk associated with the investment that is why people choose the time that is best suitable for them.
I can decide to hold for 8 years which is after 2 circle and I sell off, while others may decide to hold for 4 years and sells off, the thing here is that if they reached their target and the profit they wished on. Yes, before they sold they were also on profits and aren't sold on a lose instead on a profit.

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Will Bitcoin hit $200,000
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    No @1.15         Yes @6.00    
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MainIbem (OP)
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November 12, 2024, 11:37:04 AM
 #4

Anyways this should serve as a lesson to our country men who are not disciplined enough to resist taking profit at any upsurge they come across, Bitcoin investment is for long-term purpose and their's more to profit in future if only you follow according to the concepts of Bitcoin investment, everyone should emulate Micro Strategy and keep holding and buying more instead of taking profits you could see how much they would've gained in their portfolio if they were more patient enough, Donald Trump even made a statement during his campaign days that upon his return to power, he make U.S the country with the highest Bitcoin reserve and hold for the future that's to say he understands that Bitcoin investment is for long-term goals and not something you invest to take profits over any rise in price.
I think there is something we seems not to understand about investment when it comes to bitcoin or cryptocurrency investment. You can decide to invest for long term while Mr B plans to invest for short term, what matters here is choices the ability to accept the risk associated with the investment that is why people choose the time that is best suitable for them.
I can decide to hold for 8 years which is after 2 circle and I sell off, while others may decide to hold for 4 years and sells off, the thing here is that if they reached their target and the profit they wished on. Yes, before they sold they were also on profits and aren't sold on a lose instead on a profit.

From the look of your statement it may seem as though you're the one who doesn't have a clear understanding about Bitcoin investment and the question is, was Bitcoin investment meant for short-term or long-term? If long-term, then you reconsider your statement and correct yourself cause 4 years interval is not short-term. Well I might be wrong by not checking how long they've held the seized coins but then any investment below 4 to 10 years interval is short-term and latter long-term, so you saying Mr B may decide to hold for short-term is not clear.

The government sells out their bitcoin holdings not because they want to make a profit out of them but because they want to dump what they have seized from scammers and whatever institutions they seize them from. It's just a case of let's dump it and get over; it's not about a case of them buying and wanting to sell it for profit.
 
As we all know, Germany is a rich country. The selling was not even done by the country government itself but by a small state in the country, Saxony. If we are talking about investment and long-term profit, it should not be from coins they seize.

I just discovered that the coin was seized by the German police from the operators of Movie2k.to that's a movie piracy site and the seizure was dated back in 2013. However I also learnt from a news that Not everyone is happy with Germany’s decision to sell its bitcoin holdings, though and a member of the Country's Parliament made a statement on X sometime ago, about last month that instead of selling the government should've held the token as a strategic reserve currency. Now I finally know why they sold cause they've made profits out of it since it's been held since 2013.

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November 12, 2024, 01:06:18 PM
 #5

Anyways this should serve as a lesson to our country men who are not disciplined enough to resist taking profit at any upsurge they come across, Bitcoin investment is for long-term purpose and their's more to profit in future if only you follow according to the concepts of Bitcoin investment, everyone should emulate Micro Strategy and keep holding and buying more instead of taking profits you could see how much they would've gained in their portfolio if they were more patient enough, Donald Trump even made a statement during his campaign days that upon his return to power, he make U.S the country with the highest Bitcoin reserve and hold for the future that's to say he understands that Bitcoin investment is for long-term goals and not something you invest to take profits over any rise in price.
I think there is something we seems not to understand about investment when it comes to bitcoin or cryptocurrency investment. You can decide to invest for long term while Mr B plans to invest for short term, what matters here is choices the ability to accept the risk associated with the investment that is why people choose the time that is best suitable for them.
I can decide to hold for 8 years which is after 2 circle and I sell off, while others may decide to hold for 4 years and sells off, the thing here is that if they reached their target and the profit they wished on. Yes, before they sold they were also on profits and aren't sold on a lose instead on a profit.

From the look of your statement it may seem as though you're the one who doesn't have a clear understanding about Bitcoin investment and the question is, was Bitcoin investment meant for short-term or long-term? If long-term, then you reconsider your statement and correct yourself cause 4 years interval is not short-term. Well I might be wrong by not checking how long they've held the seized coins but then any investment below 4 to 10 years interval is short-term and latter long-term, so you saying Mr B may decide to hold for short-term is not clear.
Lot of people with what they considered long term or short term, I think you are the one who are getting everything twisted over here as you seems not to comprehend the meaning of long term or short term.
Like I know short term is in between 1-4 years can be considered short term, at least experiencing one the circle can be considered short term.
Then if we talking about long term, we can talk it from 4 years and above, some people considers 8 years above to be long term. But in summary, people mostly target the profit they wanna make from investment for example; if my target is 4x or 10x whenever that is met I can decide to sell off without even waiting for the specific years to come, whereas there are people who mostly have that interests to hold for 10-20 years even though the price hits 100x without reaching that year they had in mind they won't sell.

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.Duelbits PREDICT..
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.WHERE EVERYTHING IS A MARKET..
█████
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Will Bitcoin hit $200,000
before January 1st 2027?

    No @1.15         Yes @6.00    
█████
██
██







██
██
██████

  CHECK MORE > 
Odohu
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November 12, 2024, 01:07:10 PM
 #6


I stumbled upon this from a news channel on Telegram this morning and I was wondering why a wealthy country as Germany would be making such Bitcoin investment errors, the thoughts that ran through my head was, don't they got experts to advise them on financial issues concerning Bitcoin, haven't they been following the previous circles to see that Bitcoin is more bullish during this period, then my conclusions was that maybe their financial experts are not competent, I might be wrong though cause they may have their reasons for taking profits after Bitcoin surged to that amount then. Anyways this should serve as a lesson to our country men who are not disciplined enough to resist taking profit at any upsurge they come across, Bitcoin investment is for long-term purpose and their's more to profit in future if only you follow according to the concepts of Bitcoin investment, everyone should emulate Micro Strategy and keep holding and buying more instead of taking profits you could see how much they would've gained in their portfolio if they were more patient enough, Donald Trump even made a statement during his campaign days that upon his return to power, he make U.S the country with the highest Bitcoin reserve and hold for the future that's to say he understands that Bitcoin investment is for long-term goals and not something you invest to take profits over any rise in price.
I think the German government are the biggest losers in this bull run. Whoever advised the government to dump their Bitcoin must be under fire by now because that singular decision cost them such a big amount of money that would have been used for something magnificent. If it were some countries, whoever brought that suggestion must have been facing serious pressures and will never be saddled with any responsibilities that involves money because he lack the basic knowledge of how to grow money. Who will advice a government to dump a precious asset like Bitcoin in a halving year? That is highly unprofessional! I believe others would have learnt from them on the importance of HODLing Bitcoin even when it seems it was never going to pump.

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MainIbem (OP)
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November 12, 2024, 01:49:24 PM
 #7

Anyways this should serve as a lesson to our country men who are not disciplined enough to resist taking profit at any upsurge they come across, Bitcoin investment is for long-term purpose and their's more to profit in future if only you follow according to the concepts of Bitcoin investment, everyone should emulate Micro Strategy and keep holding and buying more instead of taking profits you could see how much they would've gained in their portfolio if they were more patient enough, Donald Trump even made a statement during his campaign days that upon his return to power, he make U.S the country with the highest Bitcoin reserve and hold for the future that's to say he understands that Bitcoin investment is for long-term goals and not something you invest to take profits over any rise in price.
I think there is something we seems not to understand about investment when it comes to bitcoin or cryptocurrency investment. You can decide to invest for long term while Mr B plans to invest for short term, what matters here is choices the ability to accept the risk associated with the investment that is why people choose the time that is best suitable for them.
I can decide to hold for 8 years which is after 2 circle and I sell off, while others may decide to hold for 4 years and sells off, the thing here is that if they reached their target and the profit they wished on. Yes, before they sold they were also on profits and aren't sold on a lose instead on a profit.

From the look of your statement it may seem as though you're the one who doesn't have a clear understanding about Bitcoin investment and the question is, was Bitcoin investment meant for short-term or long-term? If long-term, then you reconsider your statement and correct yourself cause 4 years interval is not short-term. Well I might be wrong by not checking how long they've held the seized coins but then any investment below 4 to 10 years interval is short-term and latter long-term, so you saying Mr B may decide to hold for short-term is not clear.
Lot of people with what they considered long term or short term, I think you are the one who are getting everything twisted over here as you seems not to comprehend the meaning of long term or short term.
Like I know short term is in between 1-4 years can be considered short term, at least experiencing one the circle can be considered short term.
Then if we talking about long term, we can talk it from 4 years and above, some people considers 8 years above to be long term. But in summary, people mostly target the profit they wanna make from investment for example; if my target is 4x or 10x whenever that is met I can decide to sell off without even waiting for the specific years to come, whereas there are people who mostly have that interests to hold for 10-20 years even though the price hits 100x without reaching that year they had in mind they won't sell.

Same thing I said but you choose to confuse yourself about the whole statement, I'm fully aware that when you talk about long-term Bitcoin investment, then you should be considering above 4 to 10 years and anything below that for instance 1-3 years is considered short-term, you can go through my profile and check discussion concerning Bitcoin Investment outside this board that am involved in an you'll see for yourself that I've acknowledged that severally. Infact why would you relate a matter of choice in Bitcoin investment, I know that their are people who are not disciplined enough to wait for about 4 to 10 years interval are you encouraging them to keep it up when you're fully aware that long-term investment is about 4 to 10 years? Stop contradicting your statement please.
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November 12, 2024, 03:24:32 PM
Merited by CryptopreneurBrainboss (2)
 #8

In politics today, Governments don't see where we see, their sight starts where ours as individuals ends. The German Government knew what they were doing when they sold bitcoin at 50kish price but it's not just about selling they have other side benefits they made from it which you're probably aware of now. 2013 bitcoin ATH was around $140, just imagine the price difference in 2024 and how much they must have made from the sells.

One can have idea that they governments should have kept their holdings but they are not individuals so they have nothing to regret or loss. additionally Germany is not a bitcoin lover country hence it can't make a currency that is not yet acceptable generally in the world as a reserve currency. even though bitcoin has grown to a good level where can be seen as a reserve currency it might still take a good time to strong economic country like Germany to see bitcoin as reserve currency.

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November 12, 2024, 03:42:08 PM
 #9

The government sells out their bitcoin holdings not because they want to make a profit out of them but because they want to dump what they have seized from scammers and whatever institutions they seize them from. It's just a case of let's dump it and get over; it's not about a case of them buying and wanting to sell it for profit.
 
As we all know, Germany is a rich country. The selling was not even done by the country government itself but by a small state in the country, Saxony. If we are talking about investment and long-term profit, it should not be from coins they seize.
 
Real investors that invest a heavy amount know what they are doing; they might not be entirely right, but as long as they have seen profit, I don't see any harm in selling. You never can tell what that decision might have saved the company from. We always start thinking about the negativity of large sales when price starts pumping up without also looking at the other side if reverse was the case.
Exactly, I don't think Germany invested in bitcoin and the sales only brought revenue to the country and nobody knows when they started holding it and sold when possibly they think it is okay since they have seen considerable profits from holding the bitcoin.

Nevertheless, I see faithlessness in bitcoin from their action, because if they were really very much business minded, they would've waited for the bull run to properly ensure before selling off and making more gains in the process, so I don't really think those sales were made from the economic point of view.

 
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November 12, 2024, 04:24:11 PM
 #10

Anyways this should serve as a lesson to our country men who are not disciplined enough to resist taking profit at any upsurge they come across, Bitcoin investment is for long-term purpose and their's more to profit in future if only you follow according to the concepts of Bitcoin investment, everyone should emulate Micro Strategy and keep holding and buying more instead of taking profits you could see how much they would've gained in their portfolio if they were more patient enough, Donald Trump even made a statement during his campaign days that upon his return to power, he make U.S the country with the highest Bitcoin reserve and hold for the future that's to say he understands that Bitcoin investment is for long-term goals and not something you invest to take profits over any rise in price.
I think there is something we seems not to understand about investment when it comes to bitcoin or cryptocurrency investment. You can decide to invest for long term while Mr B plans to invest for short term, what matters here is choices the ability to accept the risk associated with the investment that is why people choose the time that is best suitable for them.
I can decide to hold for 8 years which is after 2 circle and I sell off, while others may decide to hold for 4 years and sells off, the thing here is that if they reached their target and the profit they wished on. Yes, before they sold they were also on profits and aren't sold on a lose instead on a profit.

Everyone has an opinion on what will makes him  profitable in bitcoin investment While there are both short-term and long-term options, most people prefer short term, Some people sell as soon as they reach their target because bitcoin is volatile and you never know when the price will rise or fall. It is best for you to simply invest and wait for your profit when the price is increasing and you reach your target, you can make a profit in the short term but lose money if the market is not good at that  period.

However, to make a huge return on bitcoin, anyone will most likely advise you to invest for the long term rather than the short term. Some prefer to invest short because they need fast money, and in bitcoin, you must be patient before you can achieve your goal. Anyone who needs fast money should simply go into trading because trading is the only way to get money in a short period of time, and anything that is short will undoubtedly have a higher risk than long term. And if you're lucky and know everything about it, you'll get what you want.However, but if is time of investment you need to wait for long term is more better and balance to get huge profit.

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November 12, 2024, 07:31:23 PM
 #11

Anyways this should serve as a lesson to our country men who are not disciplined enough to resist taking profit at any upsurge they come across, Bitcoin investment is for long-term purpose and their's more to profit in future if only you follow according to the concepts of Bitcoin investment, everyone should emulate Micro Strategy and keep holding and buying more instead of taking profits you could see how much they would've gained in their portfolio if they were more patient enough, Donald Trump even made a statement during his campaign days that upon his return to power, he make U.S the country with the highest Bitcoin reserve and hold for the future that's to say he understands that Bitcoin investment is for long-term goals and not something you invest to take profits over any rise in price.
I think there is something we seems not to understand about investment when it comes to bitcoin or cryptocurrency investment. You can decide to invest for long term while Mr B plans to invest for short term, what matters here is choices the ability to accept the risk associated with the investment that is why people choose the time that is best suitable for them.
I can decide to hold for 8 years which is after 2 circle and I sell off, while others may decide to hold for 4 years and sells off, the thing here is that if they reached their target and the profit they wished on. Yes, before they sold they were also on profits and aren't sold on a lose instead on a profit.

Exactly. Every investor has their own target; most people invest for a long time and some invest for a short period of time, as you said earlier, but not everybody understands that concept, which is very, but I see this as a target. Before you invest as an investor, you must have a target that when the price reaches some certain amount, you will sell your investment regardless of how it is for.

You have already set up a target that you will sell, although you may decide to change your mind after you see some progress in where you invested the money, whether bitcoin or any other cryptocurrencies, but it should be bitcoin since that is the coin we all believe it has the potential to put our money into for a long period of time.

R


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November 12, 2024, 07:57:03 PM
 #12

The government sells out their bitcoin holdings not because they want to make a profit out of them but because they want to dump what they have seized from scammers and whatever institutions they seize them from. It's just a case of let's dump it and get over; it's not about a case of them buying and wanting to sell it for profit.
 
As we all know, Germany is a rich country. The selling was not even done by the country government itself but by a small state in the country, Saxony. If we are talking about investment and long-term profit, it should not be from coins they seize.
 
Real investors that invest a heavy amount know what they are doing; they might not be entirely right, but as long as they have seen profit, I don't see any harm in selling. You never can tell what that decision might have saved the company from. We always start thinking about the negativity of large sales when price starts pumping up without also looking at the other side if reverse was the case.
Thanks for the insight brother, because I was literally trying to rap my head around the whole thing as why would Germany as a country buy and sell Bitcoin they ought to have gotten as per investment purpose. Although am not too certain on the ground relationship between Germany as a country and Bitcoin but I know for sure that Bitcoin friendly nations and government that took it as investment strategy will definitely be smiling at this moment.

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November 13, 2024, 08:46:02 AM
 #13

Anyways this should serve as a lesson to our country men who are not disciplined enough to resist taking profit at any upsurge they come across, Bitcoin investment is for long-term purpose and their's more to profit in future if only you follow according to the concepts of Bitcoin investment, everyone should emulate Micro Strategy and keep holding and buying more instead of taking profits you could see how much they would've gained in their portfolio if they were more patient enough, Donald Trump even made a statement during his campaign days that upon his return to power, he make U.S the country with the highest Bitcoin reserve and hold for the future that's to say he understands that Bitcoin investment is for long-term goals and not something you invest to take profits over any rise in price.
I think there is something we seems not to understand about investment when it comes to bitcoin or cryptocurrency investment. You can decide to invest for long term while Mr B plans to invest for short term, what matters here is choices the ability to accept the risk associated with the investment that is why people choose the time that is best suitable for them.
I can decide to hold for 8 years which is after 2 circle and I sell off, while others may decide to hold for 4 years and sells off, the thing here is that if they reached their target and the profit they wished on. Yes, before they sold they were also on profits and aren't sold on a lose instead on a profit.

Exactly. Every investor has their own target; most people invest for a long time and some invest for a short period of time, as you said earlier, but not everybody understands that concept, which is very, but I see this as a target. Before you invest as an investor, you must have a target that when the price reaches some certain amount, you will sell your investment regardless of how it is for.

You have already set up a target that you will sell, although you may decide to change your mind after you see some progress in where you invested the money, whether bitcoin or any other cryptocurrencies, but it should be bitcoin since that is the coin we all believe it has the potential to put our money into for a long period of time.

I don't know where some of you got your ideas about Bitcoin Investment and you're even saying exactly thinking you're right, please Bitcoin Investment doesn't have short-term features for goodness sake, you buy and hold for long-term which is about 4-10 years, though some people are not patient enough to stay that long and take profits at any little opportunity before that interval, but that doesn't mean they're making the right decision when ìt comes to Bitcoin investment, if you all are saying it's by choice that means you're encouraging people to Invest and take profits before 4- 10 years interval, you are making points and contradicting it by relating Bitcoin to short-term goals and claiming it by choice is that the concept of Bitcoin investment at the first place? people can make wrong decisions and go against the concept of Bitcoin at early stages maybe due to certain circumstances but they're nor right and relating it to choice is like encouraging more people to go against the concept of Bitcoin invest which is buying and holding for long-term (4-10 years interval).
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November 13, 2024, 09:05:25 AM
Merited by MainIbem (1), Samlucky O (1)
 #14


I think the German government are the biggest losers in this bull run. Whoever advised the government to dump their Bitcoin must be under fire by now because that singular decision cost them such a big amount of money that would have been used for something magnificent. If it were some countries, whoever brought that suggestion must have been facing serious pressures and will never be saddled with any responsibilities that involves money because he lack the basic knowledge of how to grow money. Who will advice a government to dump a precious asset like Bitcoin in a halving year? That is highly unprofessional! I believe others would have learnt from them on the importance of HODLing Bitcoin even when it seems it was never going to pump.

Buddy I love your exact words biggest losers, it's unfortunate for them though it might be as a result of lack of understanding or may be they were trying to do away with the said assets not knowing that they were doing that at their own detriment, though I don't know how things are been done in Germany but I think Germany as a country that are good in technology would have known that Bitcoin is a futuristic investment that has to do with perseverance, some people are talking about choice when it comes to Bitcoin investment, its funny, though I won't dispute the fact that people are left to decide on whatever they chose to do but such shouldn't be an option in Bitcoin investment, individual decisions should be in line with the concept of the asset, Bitcoin has not stop being a long-term asset because of its futuristic profit, so i believe anyone taking decisions that does not support such established fact should not be called a bitcoiner in the first place, Germany as a whole should not be blamed much in this matter, may be those in charge of the asset dont know much about it, they may have thought that they have arrived based on the amount the asset has generated within the number of years they have hodl it, though they messed up, they would have considered seeking advise from from either their financial team or invite some bitcoin investment advisors to guild them on what to do instead of taking such hasty decision, though we won't tell if the country supports the existence of Bitcoin itself, most of this countries sees Bitcoin as a threat to their financial system.

Yes of course countries individuals will definitely learn from this as you said, It will serve as a lesson to others, Bitcoin has come to stay, anyone thinking towards a brief stay in the investment should be wise and retrace his or her step to avoid regret.

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November 13, 2024, 12:08:37 PM
Merited by CryptopreneurBrainboss (2)
 #15

Same thing I said but you choose to confuse yourself about the whole statement, I'm fully aware that when you talk about long-term Bitcoin investment, then you should be considering above 4 to 10 years and anything below that for instance 1-3 years is considered short-term, you can go through my profile and check discussion concerning Bitcoin Investment outside this board that am involved in an you'll see for yourself that I've acknowledged that severally. Infact why would you relate a matter of choice in Bitcoin investment, I know that their are people who are not disciplined enough to wait for about 4 to 10 years interval are you encouraging them to keep it up when you're fully aware that long-term investment is about 4 to 10 years? Stop contradicting your statement please.
I agree with you. When I was a newbie, I had always thought that investing in Bitcoin in a one-year interval was probably a long-term investment and I fixed my eyes on that target. Not until I know about a 4-year cycle in Bitcoin and probably if anyone should be expecting a long-term benefit from Bitcoin then it should be at least 4 years. I know that not all the time, they go as planned because repeated events do not guarantee the future price. What is certain is that there is not how Bitcoin can go through 3 cycles and not go way high in price. This is what I know for sure. This means that if an investor wants to completely be comfortable in a long-term approach, then he ought to be ready to invest and hold for more than 3 cycles. The result at that time will be very good.

Speaking of discipline, it is obvious that not everyone would want to commit to their investment even when they know it's very crucial for a successful investment. It is a must-have habit to have while investing. The road is not an easy one, it's bumpy and filled with obstacles. Discipline will serve as a tool to eradicate those limitations.

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November 14, 2024, 01:37:37 PM
 #16

It is unfortunate that the government of Germany sold such huge number of bitcoin because they just feel the law permits them to do that while other nations are just trying to see how they could get  much volume of bitcoin for a reserve. I have come to realize that many governments do not really keep seized assets which were  stollen or illegally gotten  by her citizens or on  a raid operation. They auction them at a giveaway price to the public and they use the revenue generated for other purposes.

If the law permits them to keep it then I believe they would have done that but maybe their law does not permit them to keep it and I believe the reason why they sold it. Although it was a big mistake economically because that would have generated a huge profit for them by now looking at the time interval and the exchange rate as at when it was sold and now. If they had exercised patience on it, it could have gotten them big money but I think they keeping it would have been much better for a national reserve because the price of bitcoin could go higher in time to come.

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November 17, 2024, 10:52:42 PM
Merited by MainIbem (2)
 #17

It is unfortunate that the government of Germany sold such huge number of bitcoin because they just feel the law permits them to do that while other nations are just trying to see how they could get  much volume of bitcoin for a reserve. I have come to realize that many governments do not really keep seized assets which were  stollen or illegally gotten  by her citizens or on  a raid operation. They auction them at a giveaway price to the public and they use the revenue generated for other purposes.

If the law permits them to keep it then I believe they would have done that but maybe their law does not permit them to keep it and I believe the reason why they sold it. Although it was a big mistake economically because that would have generated a huge profit for them by now looking at the time interval and the exchange rate as at when it was sold and now. If they had exercised patience on it, it could have gotten them big money but I think they keeping it would have been much better for a national reserve because the price of bitcoin could go higher in time to come.
In reality check, the German government failed on their own part. Since they never paid to get such amount of Bitcoin they did felt it was less of them to care much and make good use of that opportunity. Truth be told, if it was majority of countries that understands how much worth of investment capital that is will hold unto that Bitcoin instead of selling them at that price, truly i doubt if they have any expertise that advised them on when to sell and not the preferred moment to sell. If their actions was laid on selling, using the funds to help the economy then it would have still worked same function and even more if they have gotten to this point or probably hold until the better bull run begins.

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November 18, 2024, 07:34:54 PM
 #18



I stumbled upon this from a news channel on Telegram this morning and I was wondering why a wealthy country as Germany would be making such Bitcoin investment errors, the thoughts that ran through my head was, don't they got experts to advise them on financial issues concerning Bitcoin, haven't they been following the previous circles to see that Bitcoin is more bullish during this period, then my conclusions was that maybe their financial experts are not competent, I might be wrong though cause they may have their reasons for taking profits after Bitcoin surged to that amount then. Anyways this should serve as a lesson to our country men who are not disciplined enough to resist taking profit at any upsurge they come across, Bitcoin investment is for long-term purpose and their's more to profit in future if only you follow according to the concepts of Bitcoin investment, everyone should emulate Micro Strategy and keep holding and buying more instead of taking profits you could see how much they would've gained in their portfolio if they were more patient enough, Donald Trump even made a statement during his campaign days that upon his return to power, he make U.S the country with the highest Bitcoin reserve and hold for the future that's to say he understands that Bitcoin investment is for long-term goals and not something you invest to take profits over any rise in price.
I think this was in the early days when the future of Bitcoin was not certain and people where still skeptical about Bitcoin and I think today they will be regretting big-time as Bitcoin has surpassed all of their fears and expectations, anyone planning of going into Bitcoin investment should have it at the back of his or her mind that Bitcoin is a long term investment as it price appreciate over time and sometimes it can even come down as the price is not stable but can fluctuate abit sometimes so having a long term investment plan on Bitcoin by holding on to your Bitcoin assets will be a good plan for anyone to get return on investment
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November 19, 2024, 12:55:04 PM
 #19

I think this was in the early days when the future of Bitcoin was not certain and people where still skeptical about Bitcoin and I think today they will be regretting big-time as Bitcoin has surpassed all of their fears and expectations, anyone planning of going into Bitcoin investment should have it at the back of his or her mind that Bitcoin is a long term investment as it price appreciate over time and sometimes it can even come down as the price is not stable but can fluctuate abit sometimes so having a long term investment plan on Bitcoin by holding on to your Bitcoin assets will be a good plan for anyone to get return on investment

What I learnt from the net concerning this is that they sold during the 3rd quarter of this year, I think during the July period if I'm not mistaken so it sometimes that happened not too long from now, and what I understand is that the people from the German police department who sold the coin didn't have a deep understanding of Bitcoin to know that Bitcoin is mostly bullish during the fourth quarter of the last year in a every full circle, Although they made lots of profit cause they've been holding since 2013, I think theybecame too comfortable with the profit and sold which made them miss out on more profits this period. In the month of July, the price of Bitcoin started with 58k and ended with 66k in July 31st, Bitcoin is currently at the 90k plus mark, so you could imagine how more they would've profited now or in the near future when Bitcoin would cross 100k plus, if only they were a little more patient.
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November 19, 2024, 03:49:49 PM
 #20

The government sells out their bitcoin holdings not because they want to make a profit out of them but because they want to dump what they have seized from scammers and whatever institutions they seize them from. It's just a case of let's dump it and get over; it's not about a case of them buying and wanting to sell it for profit.
 
As we all know, Germany is a rich country. The selling was not even done by the country government itself but by a small state in the country, Saxony. If we are talking about investment and long-term profit, it should not be from coins they seize.
 
Real investors that invest a heavy amount know what they are doing; they might not be entirely right, but as long as they have seen profit, I don't see any harm in selling. You never can tell what that decision might have saved the company from. We always start thinking about the negativity of large sales when price starts pumping up without also looking at the other side if reverse was the case.
Everyone defines what profit means to them, and everyone has a reason for taking a certain action. For a state to take action means it should have been thought out, even if they have the worst financial advisors; they can't be that terrible not to know what they're doing at a particular point. So, there's only little information open to the media or for people to know; they're not going to give you insider information on why they sold their Bitcoin at that price. It could be for a previous loan or anything else.

They didn't sell now in November, when the Bitcoin market is bullish; they sold in July, when the price of Bitcoin differed. They know the conditions surrounding why they sold at that point. You can't say it was impatience; they've been holding on till July before selling, definitely for a reason. You can't say they were urgently looking for money at that point. They just know why they made that financial choice with Bitcoin.

And yes, Bitcoin is obviously a long-term investment; we've all emphasized that. If you're holding, keep holding; people are holding on to $100K, which isn't bad.

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