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Author Topic: Invest in Bitcoin for long-term purpose.  (Read 606 times)
Shadiq
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November 19, 2024, 04:33:00 PM
 #21



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.

Everyone may have personal reasons or goals when it comes to investing. I don't care too much about why the German government sold their investment at the time worth $54k. Maybe they were profiting then or they had some inner need.

I don't think at all that this is the incompetence of their financial experts. They would have had no choice but to sell this investment in Bitcoin, which is why they are forced to sell the investment.

For me investment objective should be long term. Investments of less than 4 years or short term investments I consider as trades. One's goals in long-term investing may be different, of course. Some decide to sell their investment depending on the profit and some prefer to hold and manage their investment for a certain cycle. But when a person sells the investment is his freedom. We can certainly learn from such incidents.

R


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November 19, 2024, 04:39:01 PM
 #22

...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.
My dear, yes we understand sey on the long run e beta to hodl Bitcoin for long-term investment but make you also understand ur need and d period in question wey you dey hodl am. Nor use gofment long-term hodl take judge ur own, odawise you go hear am. For instance, nothing go make any shrewd investor wey don sabi how dis Bitcoin dey work go wan hodl am during bear season. Except dis circle come change from d ones before it, 2026 supposed be anoda bearish year. So, tell me wetin go make anybody nor sell before den to reposition for anoda halving year in 2028?

Long-term hodl go favour persin wey get oda sources of earning wey dey sustain am. Odawise, you go put hand for ur Bitcoin hodling take hold body first.

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November 20, 2024, 12:10:10 PM
Merited by CryptopreneurBrainboss (1)
 #23



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 don't know how true this information is because I don't know if Germany is a country that supports Bitcoin that much as they are yet to adopt it as a formal means of exchange in their country even if they may allow people to transact with it, it's yet to be seen as a legal tender so it's neither legal or illegal but on the other hand, German is one country known for their excellence in all they do so it keeps breeding doubts in my mind if they could have made such error.

Even if they had wanted to sell at that price it wouldn't be at such volume when there's an anticipated Bull run ahead in months away but that wasn't done so it still feels to me this isn't completely true. If Trump eventually does that which he has promised, most definitely the US is going to be another home for Bitcoin and that will definitely increase its value much more than it is now.
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November 28, 2024, 04:23:34 PM
 #24

I will always say that crypto is an opportunity of a lifetime, one can only be successful in it through determination and consistency. Bitcoin isn't a ponzy scheme or a way to get rich quick you must be ready to make a long-term investment if you choose to buy it. A lot of newbies in the crypto space try to make Bitcoin a short-term investment to make profit probably to solve a problem and when it goes through a deep they end up incurring losses. People who don't have a stable source of income can't invest in anything that's long-term, sooner or later they might be tempted to take part of what they invested.

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November 29, 2024, 07:46:49 PM
 #25

If you don't have at least two sources of income then it's going to be difficult to do a long-term investment in Bitcoin,  crypto requires patience and time, you earn a lot from investing long-term but someone who doesn't have enough to sustain himself would always sell at some point and doing this In most cases can make you lose. Whenever you decide to invest in Bitcoin ensure that you fix your mind on a long-term investment but ensure that you have a target, don't get greedy once you hit your target make sure you sell immediately.

 
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November 30, 2024, 07:23:02 PM
 #26

If you don't have at least two sources of income then it's going to be difficult to do a long-term investment in Bitcoin,  crypto requires patience and time, you earn a lot from investing long-term but someone who doesn't have enough to sustain himself would always sell at some point and doing this In most cases can make you lose. Whenever you decide to invest in Bitcoin ensure that you fix your mind on a long-term investment but ensure that you have a target, don't get greedy once you hit your target make sure you sell immediately.
To invest for Bitcoin for long-term na self determination,and i still no understand the reason why some people go just feel say make them invest for short-term, because I know say when we dey come join the forum,the person wey introduce us go don tell us sey na long-term sure pass or as we dey read for the forum we don come across am ,but some people because of long throat of money na him make Dem dey invest short-term wey dey put them for trouble.
E no dey necessary sey na wen person get two job or source of income na him e go fit invest,e fit ten sef make him still dey invest for short-term,but you fit get only one source of income and you determine to invest for long-term,is all about choice.
Some people nor get that mind for long-term investment because Dem sabi fear well well, instead them go get heart attack, Dem prefer to dey collect small small.
As far as am concern Bitcoin long-term investment is not for the soft hearted but for the strong hearted wey go fit sey nothing dey happen i get faith for Bitcoin e go bounce back and better, abi una no see am now.

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December 02, 2024, 06:59:56 AM
 #27

If you ask me I will say it there own choice. If Germany decide to sell 50k Bitcoin at $54k ish then they have their reason for that. The most important thing is how it was helpful to them when they need it. I believe it could be that they needed money for something and instead of taken loan they might deem it necessary to sell it after waiting for a long blood bath. We all knew how bitcoin was in downtime Las year and many people where so sceptical about selling or HODLing, some may say if it could reach $60 ish they will sell as their met target. Selling of bitcoin is determined by a person goal wether long term goal or short term goal. In thia case I think they have waited as long as they could, Morover HODLing bitcoin is not for dear life . Bitcoin volatility is never ending if theyndecided to wait until bitcoin $400k and bitcoin reached $500k, people will still complain so its their decision to make.

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December 03, 2024, 10:44:54 AM
 #28

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.


Even if it was as of result of dump something I am very sure that they don't believe that Bitcoin will surge like this because if they knew I'm 100 percent sure and certain that they wouldn't have sell it out even though it was a seized asset and want to get over it and I also believed that the state is or will be regretting now seeing this value of Bitcoin and the profit they would have make if they waited till today. Well to me I will take this as a lesson learnt not to sell my Bitcoin regardless provided there's no challenge.

 
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December 05, 2024, 08:55:18 PM
 #29

I will always say that crypto is an opportunity of a lifetime, one can only be successful in it through determination and consistency. Bitcoin isn't a ponzy scheme or a way to get rich quick you must be ready to make a long-term investment if you choose to buy it. A lot of newbies in the crypto space try to make Bitcoin a short-term investment to make profit probably to solve a problem and when it goes through a deep they end up incurring losses. People who don't have a stable source of income can't invest in anything that's long-term, sooner or later they might be tempted to take part of what they invested.
That's the real truth, we should always have it at the back of our mind that Bitcoin is not a get rich quick scheme. before venturing into Bitcoin investment As a new investor that really wants to invest in Bitcoin and hold for a long term investment, have a good source of income is always the best because it'll make you not to panic whenever you have any emergency. Because what is making most people to sell their Bitcoin today at the early stage is lack of planing. When you plan your self well and set up a good goal aside from your Bitcoin investment you would see that you we not be tempted in your Bitcoin investment.

 
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December 13, 2024, 09:52:26 PM
 #30

I will always say that crypto is an opportunity of a lifetime, one can only be successful in it through determination and consistency. Bitcoin isn't a ponzy scheme or a way to get rich quick you must be ready to make a long-term investment if you choose to buy it. A lot of newbies in the crypto space try to make Bitcoin a short-term investment to make profit probably to solve a problem and when it goes through a deep they end up incurring losses. People who don't have a stable source of income can't invest in anything that's long-term, sooner or later they might be tempted to take part of what they invested.
That's the real truth, we should always have it at the back of our mind that Bitcoin is not a get rich quick scheme. before venturing into Bitcoin investment As a new investor that really wants to invest in Bitcoin and hold for a long term investment, have a good source of income is always the best because it'll make you not to panic whenever you have any emergency. Because what is making most people to sell their Bitcoin today at the early stage is lack of planing. When you plan your self well and set up a good goal aside from your Bitcoin investment you would see that you we not be tempted in your Bitcoin investment.

Bitcoin normally is designed in such a way that it's value is potentially to be appropriated and this can only be maximally visible if it is bought and held for a long term for at least 4 to 10 years or even more, of which it is encourage for anyone to be able to accumulate up to a reasonable size within those period of holding in order to have a good compounded value of your asset over the period of time, the truth is that it is better to look for a life changing opportunity in Bitcoin than chasing a few dollar profits over short term period of time, where you can possibly sell too early and regret later. Long term purpose is the best.

 
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December 13, 2024, 10:52:55 PM
 #31

I pretty much grab it that the selling of the bitcoins under the German government control wasn't for profit making initially but just to do away with some illegal funds at the time.

But when it's about individual or institutional bitcoin investment for sole purpose of making profit I will be baffled at what could have been the reason for investing in the first instance of you're not investing for long. Because bitcoin unlike altcoins are profitable only when held for long. Hardly can anyone make significant profits with bitcoin by investing short.

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December 13, 2024, 10:59:23 PM
 #32

I pretty much grab it that the selling of the bitcoins under the German government control wasn't for profit making initially but just to do away with some illegal funds at the time.

But when it's about individual or institutional bitcoin investment for sole purpose of making profit I will be baffled at what could have been the reason for investing in the first instance of you're not investing for long. Because bitcoin unlike altcoins are profitable only when held for long. Hardly can anyone make significant profits with bitcoin by investing short.

I think this is entirely dependent on the strategy of the investment group or individual. Some are after short term price increase and don't need to make plenty of profits before they can call their quarter or annual returns positively.

Also, it might also be dependent on the amount invested and exposure. Two ways it could go:

1. They invest a sizeable amount and even tiny % moves on the change nets them good profits which they have to close out by selling — "cashing out"

2. Exposure. Their sized investment leaves them with too much exposure so much that they have to sell to reduce exposure to it.

It's important to note that not every investor whether individual or institutional are long term believers. Most are here for those short term price appreciation.

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adultcrypto
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December 13, 2024, 11:59:09 PM
 #33

I pretty much grab it that the selling of the bitcoins under the German government control wasn't for profit making initially but just to do away with some illegal funds at the time.

But when it's about individual or institutional bitcoin investment for sole purpose of making profit I will be baffled at what could have been the reason for investing in the first instance of you're not investing for long. Because bitcoin unlike altcoins are profitable only when held for long. Hardly can anyone make significant profits with bitcoin by investing short.
Me been dey blame the German government for selling those precious bitcoins but now my mind done change a lot about the matter. This na because we dey forget say those bitcoin were not bought as investment but they were bitcoin them seized. If na investment them make, I no sure say them go sell them like that. Check all the countries them wey buy bitcoin, you no go hear say any of them dump bitcoin like that so make we no too blame them because that selling dey like asset disposal wey them do. 

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December 14, 2024, 02:02:31 AM
 #34

I pretty much grab it that the selling of the bitcoins under the German government control wasn't for profit making initially but just to do away with some illegal funds at the time.

But when it's about individual or institutional bitcoin investment for sole purpose of making profit I will be baffled at what could have been the reason for investing in the first instance of you're not investing for long. Because bitcoin unlike altcoins are profitable only when held for long. Hardly can anyone make significant profits with bitcoin by investing short.

I think this is entirely dependent on the strategy of the investment group or individual. Some are after short term price increase and don't need to make plenty of profits before they can call their quarter or annual returns positively.

Also, it might also be dependent on the amount invested and exposure. Two ways it could go:

1. They invest a sizeable amount and even tiny % moves on the change nets them good profits which they have to close out by selling — "cashing out"

2. Exposure. Their sized investment leaves them with too much exposure so much that they have to sell to reduce exposure to it.

It's important to note that not every investor whether individual or institutional are long term believers. Most are here for those short term price appreciation.

Regardless of any individual or institutions aim of investment, i believe in doing things the right way, if you want to invest of Bitcoin do it the right way, thereby following it concepts so as to make better profits and avoid regrets, Bitcoin investment in the first place is a long-term investment it's in no way related to short-term therefore anyone having such mentality is not ready for it thus doing the wrong thing. It takes patience and discipline to invest in Bitcoin due to it's long-term features and only someone who lack those traits would be considering short-term. Anyways, concerning the German government selling the seized coin, i know quite alrigt that they've got every right to sale depending on how long they've had it in their custody however I'm pretty sure the people who made that call at that point would be regretting cause if they waited till this period, they would've made more profits than when they sold, my thought is that if they wanted doing away with illegal funds as you think they won't had waited for several years before selling it earlier this year, they would've sold during the year of seizure and done with the funds since it's illegal, if only they've been more patien. From my discoveries, i understand that it was the German police department that made the call concerning selling and some member of the German government weren't very please with their actions, i think those who agreed to sell it were not true believers of Bitcoin to know that it has the potential of reaching it's current price, else they would've been more patient.
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December 14, 2024, 08:35:24 PM
 #35

I pretty much grab it that the selling of the bitcoins under the German government control wasn't for profit making initially but just to do away with some illegal funds at the time.

But when it's about individual or institutional bitcoin investment for sole purpose of making profit I will be baffled at what could have been the reason for investing in the first instance of you're not investing for long. Because bitcoin unlike altcoins are profitable only when held for long. Hardly can anyone make significant profits with bitcoin by investing short.
Me been dey blame the German government for selling those precious bitcoins but now my mind done change a lot about the matter. This na because we dey forget say those bitcoin were not bought as investment but they were bitcoin them seized. If na investment them make, I no sure say them go sell them like that. Check all the countries them wey buy bitcoin, you no go hear say any of them dump bitcoin like that so make we no too blame them because that selling dey like asset disposal wey them do. 
Not really? Potentially they had their reasons of selling but those reasons may not be enough to conclude if we have to look at the current price of Bitcoin right now and how much it would have added to their economy.

If we look at the 208,000 Bitcoin seized from the Silkroad Case in the US, it wasn't an investment but they still hold that large portion which the new government are making progress to add it up to their reserve. Once the country knows the worth of what they have, led with individuals who fancy Bitcoin then making decisions on holding won't be any problem but the best of option they could think about.


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December 14, 2024, 09:45:46 PM
 #36

~Snipped

Regardless of any individual or institutions aim of investment, i believe in doing things the right way, if you want to invest of Bitcoin do it the right way, thereby following it concepts so as to make better profits and avoid regrets, Bitcoin investment in the first place is a long-term investment it's in no way related to short-term therefore anyone having such mentality is not ready for it thus doing the wrong thing. It takes patience and discipline to invest in Bitcoin due to it's long-term features and only someone who lack those traits would be considering short-term.

~Snipped
[...]

You made a fine point but like I said, it's dependent on their strategies. You might say they're doing it wrong but they can be aggressive with Bitcoin investment by just selling every supposed top and buying local bottoms.

I don't think there are right or wrong way as long as their strategy works for them. There's always going to be people that go against the status quo. Plus in a market, there's always going to be different strategies and you can agree with me that  since Bitcoin is an asset, they'll try the strategy on it.

Nevertheless, Holding long term has been the best strategy yet. Microstrategy and El Salvador have proven this to be true.

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December 15, 2024, 06:05:08 AM
Merited by Barikui1 (5), Futurexxx (3), MainIbem (2), CryptopreneurBrainboss (1), Lida93 (1)
 #37

~Snipped

Regardless of any individual or institutions aim of investment, i believe in doing things the right way, if you want to invest of Bitcoin do it the right way, thereby following it concepts so as to make better profits and avoid regrets, Bitcoin investment in the first place is a long-term investment it's in no way related to short-term therefore anyone having such mentality is not ready for it thus doing the wrong thing. It takes patience and discipline to invest in Bitcoin due to it's long-term features and only someone who lack those traits would be considering short-term.

~Snipped
[...]

You made a fine point but like I said, it's dependent on their strategies. You might say they're doing it wrong but they can be aggressive with Bitcoin investment by just selling every supposed top and buying local bottoms.

I don't think there are right or wrong way as long as their strategy works for them. There's always going to be people that go against the status quo. Plus in a market, there's always going to be different strategies and you can agree with me that  since Bitcoin is an asset, they'll try the strategy on it.

Nevertheless, Holding long term has been the best strategy yet. Microstrategy and El Salvador have proven this to be true.

Individual decision towards Bitcoin investment differs which we know and also no one will be forced to do things that they don't want to do concerning their Bitcoin investment journey but what is worth doing is worth doing well, as an investor your strategy should be in such a way that it will help you to be efficient in achieving your goal since we already know that Bitcoin is a futuristic investment, talking about wrong or right strategy, despite saying that individual investors are left to have their decisions carried out since is a personal thing, I will also want us to understand that Bitcoin being a long-term investment has efficient strategy to apply in other to keep doing the needful to the future.

With your first statement, I assume that your advise is for a bitcoiners to sell when there is upsurge and buy again during the dip, so if that's your advise, how would one be very aggressive in accumulating Bitcoin and hodl for a long-term, as we know there is good strategy that enable everyone to buy all time iresoective of the price at every given time, so whats the need to sell when your hodling has not reach at least 4-10years and even though it reach, have such person reach his limit of accumulation to even think of selling and waiting to buy again during the dip, for me i see this as a short-term mindset which wouldnt do good for any investor that want to abide by the do and donts of Bitcoin investment to achieve their set goal.

As you said, going by the example you gave about microstrategy and El Salvado in terms of Bitcoin holding for a long-term, shouldn't this be a very good yardstick for investors to know that Bitcoin investment is for a long-term purposes, whichever way we want to see this thing, Bitcoin remain a potential futiristic asset as such individual investor approach towards it will determine how profitable it will be to them in the future that's if they keep hodling for a long-term.

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December 15, 2024, 10:01:07 AM
 #38


You made a fine point but like I said, it's dependent on their strategies. You might say they're doing it wrong but they can be aggressive with Bitcoin investment by just selling every supposed top and buying local bottoms.

I don't think there are right or wrong way as long as their strategy works for them. There's always going to be people that go against the status quo. Plus in a market, there's always going to be different strategies and you can agree with me that  since Bitcoin is an asset, they'll try the strategy on it.

Nevertheless, Holding long term has been the best strategy yet. Microstrategy and El Salvador have proven this to be true.

Individual decision towards Bitcoin investment differs which we know and also no one will be forced to do things that they don't want to do concerning their Bitcoin investment journey but what is worth doing is worth doing well, as an investor your strategy should be in such a way that it will help you to be efficient in achieving your goal since we already know that Bitcoin is a futuristic investment, talking about wrong or right strategy, despite saying that individual investors are left to have their decisions carried out since is a personal thing, I will also want us to understand that Bitcoin being a long-term investment has efficient strategy to apply in other to keep doing the needful to the future.

With your first statement, I assume that your advise is for a bitcoiners to sell when there is upsurge and buy again during the dip, so if that's your advise, how would one be very aggressive in accumulating Bitcoin and hodl for a long-term, as we know there is good strategy that enable everyone to buy all time iresoective of the price at every given time, so whats the need to sell when your hodling has not reach at least 4-10years and even though it reach, have such person reach his limit of accumulation to even think of selling and waiting to buy again during the dip, for me i see this as a short-term mindset which wouldnt do good for any investor that want to abide by the do and donts of Bitcoin investment to achieve their set goal.

As you said, going by the example you gave about microstrategy and El Salvado in terms of Bitcoin holding for a long-term, shouldn't this be a very good yardstick for investors to know that Bitcoin investment is for a long-term purposes, whichever way we want to see this thing, Bitcoin remain a potential futiristic asset as such individual investor approach towards it will determine how profitable it will be to them in the future that's if they keep hodling for a long-term.

What marvels me is that he's already outlined a good strategy which is buying and holding for long-term and further shown prove concerning the strategy by mentioning long-term holders people should emulate which are Microstrategy and El- Salvador but yet still saying people can decide to sell and buy the dip, i don't thnk that strategy is necessary if the person is already doing the DCA, you don't need selling your asset to buy more but rather continue adding to it, then if you're opportuned to witness a dip you buy more. Like i stated earlier i believe in doing things the right way and if the concept of Bitcoin requires that people should buy and hold for long-term which includes which is a full circle and more, then why going for short-term. The truth of the matter remains that despite holding for that long, the German police officials who sold the coins didn't believe in the possibility of Bitcoin getting to the 100k mark, else they would've held longer.
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December 15, 2024, 03:43:30 PM
Merited by MainIbem (1)
 #39


You made a fine point but like I said, it's dependent on their strategies. You might say they're doing it wrong but they can be aggressive with Bitcoin investment by just selling every supposed top and buying local bottoms.

I don't think there are right or wrong way as long as their strategy works for them. There's always going to be people that go against the status quo. Plus in a market, there's always going to be different strategies and you can agree with me that  since Bitcoin is an asset, they'll try the strategy on it.

Nevertheless, Holding long term has been the best strategy yet. Microstrategy and El Salvador have proven this to be true.

Individual decision towards Bitcoin investment differs which we know and also no one will be forced to do things that they don't want to do concerning their Bitcoin investment journey but what is worth doing is worth doing well, as an investor your strategy should be in such a way that it will help you to be efficient in achieving your goal since we already know that Bitcoin is a futuristic investment, talking about wrong or right strategy, despite saying that individual investors are left to have their decisions carried out since is a personal thing, I will also want us to understand that Bitcoin being a long-term investment has efficient strategy to apply in other to keep doing the needful to the future.

With your first statement, I assume that your advise is for a bitcoiners to sell when there is upsurge and buy again during the dip, so if that's your advise, how would one be very aggressive in accumulating Bitcoin and hodl for a long-term, as we know there is good strategy that enable everyone to buy all time iresoective of the price at every given time, so whats the need to sell when your hodling has not reach at least 4-10years and even though it reach, have such person reach his limit of accumulation to even think of selling and waiting to buy again during the dip, for me i see this as a short-term mindset which wouldnt do good for any investor that want to abide by the do and donts of Bitcoin investment to achieve their set goal.

As you said, going by the example you gave about microstrategy and El Salvado in terms of Bitcoin holding for a long-term, shouldn't this be a very good yardstick for investors to know that Bitcoin investment is for a long-term purposes, whichever way we want to see this thing, Bitcoin remain a potential futiristic asset as such individual investor approach towards it will determine how profitable it will be to them in the future that's if they keep hodling for a long-term.

What marvels me is that he's already outlined a good strategy which is buying and holding for long-term and further shown prove concerning the strategy by mentioning long-term holders people should emulate which are Microstrategy and El- Salvador but yet still saying people can decide to sell and buy the dip, i don't thnk that strategy is necessary if the person is already doing the DCA, you don't need selling your asset to buy more but rather continue adding to it, then if you're opportuned to witness a dip you buy more. Like i stated earlier i believe in doing things the right way and if the concept of Bitcoin requires that people should buy and hold for long-term which includes which is a full circle and more, then why going for short-term. The truth of the matter remains that despite holding for that long, the German police officials who sold the coins didn't believe in the possibility of Bitcoin getting to the 100k mark, else they would've held longer.
In fact, if you follow the DCA strategy correctly, you should focus on long-term investments. Because the DCA strategy can only give effective results in the long term. DCA is the most effective way to grow your Bitcoin investment portfolio at an average price over time. You are right @MainIbem, if you are already doing DCA, then you do not need to sell your assets, but rather, you should focus on buying more consistently, because Bitcoin will continue to grow much more. So plan for the long term, do DCA investments steadily, without worrying about market volatility. Only then can you profitable from Bitcoin.











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December 15, 2024, 09:07:15 PM
Merited by MainIbem (2)
 #40

As you said, going by the example you gave about microstrategy and El Salvado in terms of Bitcoin holding for a long-term, shouldn't this be a very good yardstick for investors to know that Bitcoin investment is for a long-term purposes, whichever way we want to see this thing, Bitcoin remain a potential futiristic asset as such individual investor approach towards it will determine how profitable it will be to them in the future that's if they keep hodling for a long-term.

You're at a lost if you decide that you want to hodl for the short term, it isn't that you can't make profits form hodling that long but you'll be giving yourself a very short timeframe to achieve that which at times it wouldn't be possible.

Investing in Bitcoin shouldn't be an investment that you intend to make you profit instantly. You might just be lucky to invest at the right time that it favours you to give you a profit but still make e no go deceive you like say Bitcoin investment na Asap cashout. We need to dey give our investment time to matured by hodling without troubling yourself about the market giving you better profits or not. Short term investment shouldn't be your thing unless when you're trading the news then you can buy to resell very soon.

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