I've been following different discussions about Bitcoin investment and here are some misplaced priorities in Bitcoin investment that I think people should avoid.
I'll start by saying that Bitcoin is very precious and should be safeguarded instead of using some means of hoarding it that could make people lose what they have already.
Trading with Bitcoin
Bitcoin is meant to be held for a longer time and trading with Bitcoin to get more Bitcoin is not the best way to go about it, it's highly risky and you could lose your Bitcoin if you're not careful so the risk isn't work it, although we can't force people to stop it but could guide them towards the right path and allow them make their decision, I believe that with time they'll learn from their mistakes when they've realised it's wrong.
Buying only during the dip
This have been talked about in various discussions but then their are people who feel buying when the price goes down is better cause they could buy at a cheaper rate, I've seen some people who even pray for Bitcoin to dip so they could purchase it, what they don't understand is that they could miss the chances of owing more coins while waiting for it to drop, Bitcoin is not a shitcoin that can be pumped and dumped so it's better to buy according to the market while you also buy cheaper when a dip occurs, waiting is not the best option and people should take note of that.
Investing for short-term profits
Bitcoin is currently an asset and the best way to make profits from it is by holding it for a longer period which is for a full circle and beyond, from my understanding the full circle is in about 4 yeara but one can chose to go beyond that like, 4 to10 year therefore people should be patient enough to invest on it for as long as that period instead of rushing to withdraw their profits whenever the price goes up, investing on Bitcoin is more of long-term than short-term profits, also you don't clear out your portfolio just because you've invested for a full circle, taking some stash of what you're holding and continue investing is the best way to go about it
Gambling with Bitcoin
I know some people would be suprised at this point, since some campings in the forum permits gambling with Bitcoin but let's get it cleared, many people in the gambling discussion talks about gambling being seen a means of fun and entertainment rather than an opportunity for making money, though gambling comes with some profits out of luck but people, especially those who recently started investing in Bitcoin shouldn't involve their coins into an area that profits is gotten by chance it's very risky. Although their are people whose been investing for long and have got lots of Bitcoin in their portfolio they can decide to spare some for entertainment through gambling and make profits from it by luck, it's risky anyways but it's their choice.
However the best way to invest in Bitcoin still remain buying and holding it for a longer period then use the DCA method to add more to the one you're holding.
all this things wey you highlight no matter for bitcoin investment, the only one wey matter for bitcoin investment now only number 3, but sincerely speaking anyhow wey person won run ehh bitcoin investment no concern you.
if person won dey trade bitcoin that one eh choice ehh no concern you.
if person won buy bitcoin using the DIP strategy now ehh choice ehh no concern you.
If person won also invest in bitcoin for short-term now the person business ehh no concern you.
if person won gamble with eh bitcoin now eh choice ehh no concern you, because eh dey use pay for eh service for casino betting.
