If we want good results from Bitcoin, we must develop a long-term mindset. Short-term Bitcoin trading is like gambling, and nothing good can ever be expected from it. If we want to build a good financial foundation for the future, we must be prepared to hold on for the long term. We will never achieve anything good by trading in the short term, here we will most often face losses rather than gains. The price moves very volatilely, which is impossible to predict, so it is also very impossible to profit from it in the short term.
The prices in the market are unstable, it's very volatile and we can make huge profits with our own pattern. Our mindset is everything in the market. If we're planning to succeed in the market, we start to thinking positively in the market, knowing our principles and abiding by it. Although it would take quite a huge disciplinary action to stay up and going in the market but we can pass this hurdle and become someone great, a trader that his reputation precedes him already in the market.
I don't really get your points perfectly @ Plutomanian. Sure the price is unstable and can't assure us anything. But you spoke of making huge profits with our own pattern. The question is, which pattern are you referring to. And at the end of your statement, you mentioned that a trader that his reputation precedes him lready in the market. Am really confused.
If we want to make profit, then we must subscribe to the long term HODL pattern, that will give us enough time to buy more BTC, and as we HODL, just as usual, as the market price increases, so we make more gains. Those who are traders, who sell off with a little jump in price won't be compared to those who had patiently accumulated Bitcoin for years with a long time investment plan
