Invest in Bitcoin for long-term purpose.

[nelson4lov]

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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.

Haha, I'm sorry if you felt my previous reply was misleading. But hear me out — I was only making emphasis on the fact that there are different strategies in the market . It's not a "one size fits all" situation. There are other strategies that work too just like long term investments and I was trying to show things from other perspective.

I'm a believer in long term investment and advocate for it always. I'll end with this tweet from Cz_binance:

[Promocodeudo]

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.

Buddy you're right, the major reason for DCA method is to carry every intending and existing to be carried along in as much as their mindset for being involved in Bitcoin investment is to go for a long-term, yea the efficiency of DCA method can only be felt in a long-term but Buddy investing with DCA method does not limit you to continue with the amount you started with, you can increase your DCA once your income increases it all depends on what you really want as an investor, DCA is just to help every investor to avoid procrastination on when to investor and eliminate the mindset of waiting to have a particular amount of money before you can invest, as a matter of fact, one can invest in Bitcoin with as low as $1 consistently with DCA method, though such acumulation with such amount may not be fast but what matters is consistency and the zeal to keep accumulating and ready to do more once your picket increase.

DCA gives everyone the opportunity to start first and stop being a spectaor, as someone that's doing DCA, selling shouldn't be an oprion at first because your major concern should be buying and hodling for a long-term, as for being concerned about the market condition is a no no for someone using DCA method that understand the long-term concept.

[Mate2237]

Crypto currency requires a lot of patience for you to get something significant, you can't just hope to make millions from it overnight or become financially stable. Investing in Bitcoin should be a long term thing, this is why people who don't have a stable income can't do long-term investments because they have no means of sustainable, they might be tempted to sell their coins due to impatience. Before you think of investing in Bitcoin make sure you have something that generates income for you so it can make you take your mind off your assets, this is the only way to be successful with this.

[Baki202]

Crypto currency requires a lot of patience for you to get something significant, you can't just hope to make millions from it overnight or become financially stable. Investing in Bitcoin should be a long term thing, this is why people who don't have a stable income can't do long-term investments because they have no means of sustainable, they might be tempted to sell their coins due to impatience. Before you think of investing in Bitcoin make sure you have something that generates income for you so it can make you take your mind off your assets, this is the only way to be successful with this.

Make person get intention say them one hold for long time if the money no plenty the thing no they make sense to me an why I go still prefer say person get enough money to invest for the thing so that when you hold for long time the return you go get go actually sweet everyone for belle but people go wan invest small money and them go they expect big money, if you no get money to invest he no better make them free the matter of investment, na why I they tell people if you wan invest find bettter money do your investment so that you self go enjoy am no
Be the one you go they put money small small my own go be to invest once.

Na why trading they sweet me be that periods they you go fit win and days they you go lose but if you put mind even if na spot trading something go comot for that side than when you invest small money come they expect say make better money comot, and if you get job self those things go even sweet you because you get source of income plenty if one no pay the other one go pay na one of the advantages of having job and still they invest or even trading.

[POPOLUV]

Investing your Bitcoin in long term purpose is the best that  anyone knows how Bitcoin works, because sometimes Bitcoin meant fall in the market and also raise with time. So l will advise that long term investment is more preferable to short term investment.

[Mate2237]

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.

If there is any investment that people should go into for their future generations should be Bitcoin because Bitcoin is one coin that is associated with growth over a given period of time this is the reason that people always prefers to Bitcoin as a future investment plan because currently speaking those who invested into Bitcoin some four years ago are actually smiling to the bank because the price of Bitcoin has appreciated over time and has tripled the the price that was used in investing

People should think of their future when they will get old and especially their next generation and make concrete plans for them in advance and one way that they can do that is by investing in Bitcoin

[PremiumcryptoHub]

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.  

The bitcoins that the German government sold were not the bitcoins that they bought i.e. they did not buy and invest the Bitcoin that they sold. The bitcoins they sold were seized bitcoins. We saw in a Twitter tweet that Germany Seized 50,000 Bitcoins from "Movie2K". After they sold these seized bitcoins, many thought that the price of bitcoins in the market could drop a lot. But then the price of Bitcoin increased significantly and touched an all-time high, if they had hold those bitcoins instead of selling them, their profits might have been higher.

[Mate2237]

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.  

The bitcoins that the German government sold were not the bitcoins that they bought i.e. they did not buy and invest the Bitcoin that they sold. The bitcoins they sold were seized bitcoins. We saw in a Twitter tweet that Germany Seized 50,000 Bitcoins from "Movie2K". After they sold these seized bitcoins, many thought that the price of bitcoins in the market could drop a lot. But then the price of Bitcoin increased significantly and touched an all-time high, if they had hold those bitcoins instead of selling them, their profits might have been higher.

Thanks for putting things straight by giving us the right information about the story since the Bitcoin that Germany sold was actually seized from a company that is associated with illegal activities then it's ok and they won't be regretting much because there was no actual lose on their side because they didn't invest any money into the Bitcoins that they and even if they sold at a lower price range it's still ok by them because they made profit at the end of the day

To me instead of selling the Bitcoins that where seized they most have added them to their national reserves and increase their Bitcoin base and make more money in the future

[xiamin]

Investing your Bitcoin in long term purpose is the best that  anyone knows how Bitcoin works, because sometimes Bitcoin meant fall in the market and also raise with time. So l will advise that long term investment is more preferable to short term investment.

Bitcoin price is volatile and risky to invest if you are managing it for short term. If you have the capacity to hold this valuable asset, then keep holding for a longer period. Since your responsibility is to maintain your assets and get high profits in the long term, 4-5 years. Long term advice It is a good decision to continue depositing Bitcoin. Every investor should understand that short term trading is much more risky.

[MainIbem]

Investing your Bitcoin in long term purpose is the best that  anyone knows how Bitcoin works, because sometimes Bitcoin meant fall in the market and also raise with time. So l will advise that long term investment is more preferable to short term investment.

Bitcoin price is volatile and risky to invest if you are managing it for short term. If you have the capacity to hold this valuable asset, then keep holding for a longer period. Since your responsibility is to maintain your assets and get high profits in the long term, 4-5 years. Long term advice It is a good decision to continue depositing Bitcoin. Every investor should understand that short term trading is much more risky.

Anyone with the mindset of investing on Bitcoin for short-term purpose is wasting their time since Bitcoin as an asset class has no business with short-term goals. Longitivity is the goal and every holder is bound to hold for a full circle and more which is ( 4 - 10 years) before they could even think of taking profits from it, well an investor may decide to keep holding for longer before they choose to take profits or some portions of their profits rather but anything below the minimun means that such investor is going against the concept of investing on Bitcoin and involving short-term goals to it which is a wrong decision, risky and commonly done with Altcoins rather. Bitcoin invest is for future purpose therefore patience is highly required to maximize profits, involving Bitcoin with short-term goals would make an investor sale on lose and would definitely regret later when the price surges multiple times than when they sold their coin, that's why patience is highly required which is holding for a long-term.

[SuperBitMan]

Is a big lose for the German government, one thing some set of people don't understand is that there's nothing like short term Bitcoin investment is either you are a Long term Bitcoin investor or you are a Bitcoin trader, those people they say are short term investors are just Bitcoin trader and as a long term Bitcoin investor you should be holding for 5 to 10 years or more, Bitcoin investment is highly volatile in nature however it's volatility doesn't negatively affects your investment as a Long term hodler, the significant gap between its current price and its potential future value prevents Bitcoin's volatility from having a major impact over the long term holders so it simply means that going for long term holding is less risky than trading and more beneficiary.
It may be that the German government has been holding there Bitcoin for years and felt that is time to sell and use the money to settle somethings or do project, this will be a lesson to other nations and persons who don't hold for longer term.
I know that the German government has really regretted there action and the person who advised them to do such will not be regarded any more and his or her advice will not be allowed in the government sector again, as a nation holding Bitcoin, keep holding till Bitcoin hit a more greater price.

[PremiumcryptoHub]

Is a big lose for the German government, one thing some set of people don't understand is that there's nothing like short term Bitcoin investment is either you are a Long term Bitcoin investor or you are a Bitcoin trader, those people they say are short term investors are just Bitcoin trader and as a long term Bitcoin investor you should be holding for 5 to 10 years or more,

Yes it was a big loss for the German government and it was a wrong move for them. Moreover, the bitcoins they had sold were seized from a company. Perhaps this tweet proves that the German government lost a lot of money by selling 50,000 bitcoins. When they decided to sell these bitcoins i.e. when they sold these bitcoins the price of one bitcoin was around $54k dollars. Then, after Donald Trump won the election, the price of Bitcoin increased significantly. Even at the price they sold Bitcoin at, then the price of Bitcoin almost doubled.

Maybe any country doesn't want to hold the seized bitcoins for a long time. Because recently the US government has also sold seized bitcoins.

[ManOfSteel2412]

https://imgvb.com/images/2024/11/12/b36dca05e04e8874601b4cb6071cd088.jpg

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.

Investing in bitcoin for long-term purpose has so many benefits attached to it which may include potential high returns, decentralised and limited supply, inflation protection, innovation and development amongst other benefits. Crypto investment is the future of financial commerce .

[Ndabagi01]

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.

How the media translates the news is different from the way the news is actually. Everyone saw the news that Germany has sold their bitcoin holdings, before that news, I also did not know that Germany of all nations had some bitcoins in their holdings as an asset. The media made it known to us like they’re selling away their holdings and they are naive of what bitcoin can do for them if they continue to hold. Now you’ve explained further that the bitcoin was sold on a profit and not on loss as many of us may have imagined. Knowing when to buy and when to sell in the bitcoin market is necessary and whenever you buy low and sell high at a better price, irrespective of how long you’ve hold those bitcoin, you’re still on the right path and you’ll be called a profitable investor.

[rachael9385]

Those that understand Bitcoin and how it works would definitely go for a long term investment. It requires a long period of time to get something significant out of it. crypto currency is a lifetime opportunity but you can't earn from it if you are not knowledgeable enough. People who invest and sell after noticing a little dip can't really go far with it. Another important thing you must try to do is to take your mind off the investment you have made, this means that you need to have other streams of income so you won't think of taking out your investment. If you consider making short time investment I suggest you try out memecoins instead

[Makus]

Crypto currency requires a lot of patience for you to get something significant, you can't just hope to make millions from it overnight or become financially stable. Investing in Bitcoin should be a long term thing, this is why people who don't have a stable income can't do long-term investments because they have no means of sustainable, they might be tempted to sell their coins due to impatience. Before you think of investing in Bitcoin make sure you have something that generates income for you so it can make you take your mind off your assets, this is the only way to be successful with this.

Gbam, boss you don talk am finish person wey no get steady income no go fit do longterm bitcoin investment, because  na from where e wan take get the from na. Abi e go go thief? Bitcoin even as we dey talk day you fit start with very small amout money, the one wey you go use take sustain  am also dey very important, so that you potfolio sef go dey fat as bitcoin dey increase. Person wey no get work or any stable source of money dey likely to withdraw em bitcoin when hunger don really touch em life, e no get hoe e wan be say you get money wey dey steam for somewhere and hunger wan kill u say you no go touch the money. So bitcoin investment without steady source of income na waste of time because na that same money go help you when hunger wan strangle the person die.

[Tmoonz]

Those that understand Bitcoin and how it works would definitely go for a long term investment. It requires a long period of time to get something significant out of it. crypto currency is a lifetime opportunity but you can't earn from it if you are not knowledgeable enough. People who invest and sell after noticing a little dip can't really go far with it. Another important thing you must try to do is to take your mind off the investment you have made, this means that you need to have other streams of income so you won't think of taking out your investment. If you consider making short time investment I suggest you try out memecoins instead

On a more serious note, Bitcoin is never a quick and get rich scheme where those that even buy and sell to buy  back always end up regretting and at most times they they will always panic on seeing the price coming down and some will even sell at lost out of fear but when it comes to having a long purpose there is always certain level of peace of mind wether the market is coming down or going up because you are not ready to sell but to hold for as long as you can where instead of selling on seeing the price going down you will even buy more with believe, love and commitment you have on the asset class Bitcoin, long term is the best and it worth to always be reminded.

[RockBell]

Crypto currency requires a lot of patience for you to get something significant, you can't just hope to make millions from it overnight or become financially stable. Investing in Bitcoin should be a long term thing, this is why people who don't have a stable income can't do long-term investments because they have no means of sustainable, they might be tempted to sell their coins due to impatience. Before you think of investing in Bitcoin make sure you have something that generates income for you so it can make you take your mind off your assets, this is the only way to be successful with this.

As far as people are aware that the moment you want to invest in bitcoin is either you trade of or buy and hold that is like one of the popular things to do when you are investing in bitcoin because there is no way that you can want to do holding and you won't have patience and it won't just be for weeks it might even be for months and cross down to years.

The level at which you understand all this the better and when you invest it will be better to just keep a close eye on it, and when the price does not come down they won't even bother but the moment they keep relying on what they see they might not have the opportunity to become a better holder and this is not even the case of bitcoin alone there people that do stock and things are not really working out base on the price will not increase.

But that does not mean that they should allow their emotions make Decisions for them we have to be careful choose exactly what we want, so that we don't just allow our emotions to be in full control but this things are very hard to do.