Investment Become Gambling

[BluebloodCXVI]

I agree with your first part, but I disagree with your second part. Because you should never encourage someone to invest or give them knowledge to invest is not the right decision. Bitcoin market is very volatile. If a new person is encouraged to invest according to your advice and if he starts investing. After starting investing, if the market goes down and he gets scared and sells his holdings, then he can blame you for this loss. Going ahead and giving someone knowledge is not the right decision at all but putting the risk on you and hoping.

But yes you can give knowledge to that person, the person who comes to you to learn about Bitcoin. You can tell him about the risks of Bitcoin and give him information about Bitcoin. If he is willing to invest then it is completely on his own then he cannot blame you

Well I don’t see anything wrong in giving a person investment recommendations or encouraging them to invest in bitcoin @Tongley. It’s not a bad thing na, people give people advice all the time about investing ideas. The only time it might be a problem or a bad thing is when you give a person advice without letting them know the pros and cons that encompasses the advice that you gave to them.

[Bryan jessy]

.Another reason why I don’t advise people to invest in bitcoin because some individual will pretend that his or her goals in bitcoin is to hold for a long term as your goal and at the end they will sell when they see the price is high without thinking about the goal they said they set for the investment, if anyone tells you that his or her goal in bitcoin is to buy and hold for a long time just don’t believe, he or her action will tell you if they can hold as they say or they will sell when they see that they can make a profit.

Everyone at some point make mistakes. Making mistakes is a normal something for beginners to do . A person that don't yet know very well about bitcoin will always make mistakes like timing the market so they can sell when they sense a little profit. But because bitcoin is a long time investment, as person is making mistakes he is also learning from that mistake and a time will show up when that person will no longer make that mistake again.

You also was not a perfect somebody when you first start your ongoing investment. That is why you should also give people the benefit of doing and advise them to invest in bitcoin. It is better to tell than to deny people the opportunity of knowing, because of your believe

It is not all mistake that is worth making, there are mistakes that someone will make that can cause then a fortune and they may never recover from such mistakes. So there is need to learn from other people mistake in other not to repeat those mistakes that may likely cause us our income .
Nobody is above mistakes and there is doubt about that but there are mistakes that people shouldn't dare to make because the consequences maybe fatal. Just imagine losing a live saving because of one silly mistake. Trading should be avoided by all means because money lost from trading can't never be recovered especially with it is huge amount.

This case is a true definition of experience is the best lesson, because he realizes his mistakes after losing his money, if he had listened or stick to the plan he would not have gotten himself into that mess, I guess he was just overwhelmed with the little profit he made and the fear of losing them was what he could not withstand, disregarding the fact that the price will come up again, most people actually thought when the price dips that it might never come up again and even if it does it will take long, and they are not patient enough to wait. Money matter is usually so complicated.

[yixichloro2xx]

I agree with your first part, but I disagree with your second part. Because you should never encourage someone to invest or give them knowledge to invest is not the right decision. Bitcoin market is very volatile. If a new person is encouraged to invest according to your advice and if he starts investing. After starting investing, if the market goes down and he gets scared and sells his holdings, then he can blame you for this loss. Going ahead and giving someone knowledge is not the right decision at all but putting the risk on you and hoping.

But yes you can give knowledge to that person, the person who comes to you to learn about Bitcoin. You can tell him about the risks of Bitcoin and give him information about Bitcoin. If he is willing to invest then it is completely on his own then he cannot blame you

Well I don’t see anything wrong in giving a person investment recommendations or encouraging them to invest in bitcoin @Tongley. It’s not a bad thing na, people give people advice all the time about investing ideas. The only time it might be a problem or a bad thing is when you give a person advice without letting them know the pros and cons that encompasses the advice that you gave to them.

‎You are right, for me I also feel that someone should be responsible enough to make their own research too. Not by depending on what they have been taught from people. Because some people who called themselves tutor also teach people about how Bitcoin can make them rich within a short period of time and they will start showing fake testimonies. Reason is that most of these people who teach Bitcoin has something to gain, whether it is course fees, referrals, or other benefits. so by doing that they need to convince those students that they can see fast profits in it. That is why it is important to verify information independently rather than making decisions based only on someone else's promises or marketing.

[cxtreenal]

Do you think that mental and behavioral control are similar important with financial management, risk management  in investing?

When it gets to do with money and high risk investments, a lot of people actually get carried away especially when they start seeing profits and maybe don't have other tangible source of income, their investment holdings becomes a way of liberations and they forget the the actual goal they started with which is why most people start with a long term mindset and later turn it to gambling because they starting expecting the same profits they got from when the market was green and favoring them and that's why they said that the real investors are been determined during the bear market and not when the market is bullish and all green.

If you invest with the intention of making a profit in the short term, you are more likely to make  loss than a profit. Anyone who wants to invest in Bitcoin should initially think that Bitcoin is a digital asset that should be invested in for the long term. Here, there may be some profit due to short-term luck, but there is a high possibility of loss. Even if you make some profit by trading in the short term, it will be a loss compared to the long-term profit. But those who do not understand this at the beginning do panic selling due to price volatility or sell their holdings when they see a profit. But all investors should not make decisions to invest or sell their holdings based on the price of Bitcoin.

Trading is a short-term profit-making strategy. Trading is a form of gambling. I discourage trading because there are a lot of risks involved in this platform because you need to be experienced in market analysis. If you can trade with patience and within your financial means, you may get some profit but it is uncertain. Long term Bitcoin investment is the most promising and relatively less risky.

Due to the volatility of Bitcoin price you should accumulate Bitcoin regularly through discretionary income. Through discretionary income in the DCA method. This method is one of the best strategies for accumulating Bitcoin in the long term strategy because the strategy of frequent buying in price volatility is the best for growing Bitcoin portfolio.

[Promocodeudo]

If you invest with the intention of making a profit in the short term, you are more likely to make  loss than a profit. Anyone who wants to invest in Bitcoin should initially think that Bitcoin is a digital asset that should be invested in for the long term. Here, there may be some profit due to short-term luck, but there is a high possibility of loss. Even if you make some profit by trading in the short term, it will be a loss compared to the long-term profit. But those who do not understand this at the beginning do panic selling due to price volatility or sell their holdings when they see a profit. But all investors should not make decisions to invest or sell their holdings based on the price of Bitcoin.

Short-term luck or volatility? What do you call luck? I don't want to go into any discussion that has to do with short term Bitcoin investment because I don't buy that idea, I'm not part of it and I can't advice anyone to do that, anything that concerns Bitcoin investment should be long-term minded anything apart from that is literally seen as trading, you can not invest for a short term profit and still call yourself a real investor, yea we know that we have our choices and the right to do whatever we want since it is our invest and our funds but one thing i won't stop saying is that Bitcoin investment was never designed for short term profit, people act the way they want that's why they are full of regrets when reality struck.

[Gost ms]

‎You are right, for me I also feel that someone should be responsible enough to make their own research too. Not by depending on what they have been taught from people. Because some people who called themselves tutor also teach people about how Bitcoin can make them rich within a short period of time and they will start showing fake testimonies. Reason is that most of these people who teach Bitcoin has something to gain, whether it is course fees, referrals, or other benefits. so by doing that they need to convince those students that they can see fast profits in it. That is why it is important to verify information independently rather than making decisions based only on someone else's promises or marketing.

It is not a right decision to never focus on our trading. We always need to focus on long-term investment. Trading is a kind of gambling. It is not a right decision to be addicted to trading.

But yes, every person has the right to make his own decision. If someone wants to learn trading, then it is never a right decision to consider someone as a teacher who easily teaches trading or who says that he earns 50 thousand dollars every month and earns 100 thousand dollars from trading. Because a person who has the ability to earn so much money will never teach you trading in exchange for your small amount of money. If he does not teach you trading and trades himself in between, then he will definitely be able to earn a lot more money. The person who does this does not really know anything good about trading and cannot profit from trading. That person should be considered as a teacher, he is not willing to learn anyone.

[Hardyrobust]

If you invest with the intention of making a profit in the short term, you are more likely to make  loss than a profit. Anyone who wants to invest in Bitcoin should initially think that Bitcoin is a digital asset that should be invested in for the long term. Here, there may be some profit due to short-term luck, but there is a high possibility of loss. Even if you make some profit by trading in the short term, it will be a loss compared to the long-term profit. But those who do not understand this at the beginning do panic selling due to price volatility or sell their holdings when they see a profit. But all investors should not make decisions to invest or sell their holdings based on the price of Bitcoin.

Short-term luck or volatility? What do you call luck? I don't want to go into any discussion that has to do with short term Bitcoin investment because I don't buy that idea, I'm not part of it and I can't advice anyone to do that, anything that concerns Bitcoin investment should be long-term minded anything apart from that is literally seen as trading, you can not invest for a short term profit and still call yourself a real investor, yea we know that we have our choices and the right to do whatever we want since it is our invest and our funds but one thing i won't stop saying is that Bitcoin investment was never designed for short term profit, people act the way they want that's why they are full of regrets when reality struck.

  Depending on luck for profit is something that is common to gambler's and it is not possible for anyone to know whether they will be lucky or not . So instead of relying on luck that may or may not happen, it is best for anyone that is accumulating should do so with long term motive and short term. Whoever that is investing in bitcoin with the intention of making quick profit is gambling with bitcoin and the chances of them losing money is very high.

[Charcol]

If you invest with the intention of making a profit in the short term, you are more likely to make  loss than a profit. Anyone who wants to invest in Bitcoin should initially think that Bitcoin is a digital asset that should be invested in for the long term. Here, there may be some profit due to short-term luck, but there is a high possibility of loss. Even if you make some profit by trading in the short term, it will be a loss compared to the long-term profit. But those who do not understand this at the beginning do panic selling due to price volatility or sell their holdings when they see a profit. But all investors should not make decisions to invest or sell their holdings based on the price of Bitcoin.

Short-term luck or volatility? What do you call luck? I don't want to go into any discussion that has to do with short term Bitcoin investment because I don't buy that idea, I'm not part of it and I can't advice anyone to do that, anything that concerns Bitcoin investment should be long-term minded anything apart from that is literally seen as trading, you can not invest for a short term profit and still call yourself a real investor, yea we know that we have our choices and the right to do whatever we want since it is our invest and our funds but one thing i won't stop saying is that Bitcoin investment was never designed for short term profit, people act the way they want that's why they are full of regrets when reality struck.

  Depending on luck for profit is something that is common to gambler's and it is not possible for anyone to know whether they will be lucky or not . So instead of relying on luck that may or may not happen, it is best for anyone that is accumulating should do so with long term motive and short term. Whoever that is investing in bitcoin with the intention of making quick profit is gambling with bitcoin and the chances of them losing money is very high.

If someone starts calculating profits from the savings stage, then many times he may stray away from the main goal. Because while he is in the savings stage, the market will show him a position of profit many times. If someone thinks about profits, then he may make the wrong decision like selling greedily when he sees a small profit. Therefore, there may be a possibility of profit in investment, but that is a matter of the future. For now, the main thing is to continue saving regularly with your discretionary income.

[PhilosopherKing]

Do you think that mental and behavioral control are similar important with financial management, risk management  in investing?

When it gets to do with money and high risk investments, a lot of people actually get carried away especially when they start seeing profits and maybe don't have other tangible source of income, their investment holdings becomes a way of liberations and they forget the the actual goal they started with which is why most people start with a long term mindset and later turn it to gambling because they starting expecting the same profits they got from when the market was green and favoring them and that's why they said that the real investors are been determined during the bear market and not when the market is bullish and all green.

If you invest with the intention of making a profit in the short term, you are more likely to make  loss than a profit. Anyone who wants to invest in Bitcoin should initially think that Bitcoin is a digital asset that should be invested in for the long term. Here, there may be some profit due to short-term luck, but there is a high possibility of loss. Even if you make some profit by trading in the short term, it will be a loss compared to the long-term profit. But those who do not understand this at the beginning do panic selling due to price volatility or sell their holdings when they see a profit. But all investors should not make decisions to invest or sell their holdings based on the price of Bitcoin.

Bitcoin volatility affect both in short term and in the long term and so there is not even guarantee that person will make profit if he invest in bitcoin for the long time. We all saw the way bitcoin did in the past, but bitcoin isn't set in stone and so there is no guarantee that we will even experience the same thing we saw in the past. That is why when investing in bitcoin person should endeavor to account for their daily Needs and the use only the money that the can always afforded to loose to invest

[cocadalcan]

If you invest with the intention of making a profit in the short term, you are more likely to make  loss than a profit. Anyone who wants to invest in Bitcoin should initially think that Bitcoin is a digital asset that should be invested in for the long term. Here, there may be some profit due to short-term luck, but there is a high possibility of loss. Even if you make some profit by trading in the short term, it will be a loss compared to the long-term profit. But those who do not understand this at the beginning do panic selling due to price volatility or sell their holdings when they see a profit. But all investors should not make decisions to invest or sell their holdings based on the price of Bitcoin.

Short-term luck or volatility? What do you call luck? I don't want to go into any discussion that has to do with short term Bitcoin investment because I don't buy that idea, I'm not part of it and I can't advice anyone to do that, anything that concerns Bitcoin investment should be long-term minded anything apart from that is literally seen as trading, you can not invest for a short term profit and still call yourself a real investor, yea we know that we have our choices and the right to do whatever we want since it is our invest and our funds but one thing i won't stop saying is that Bitcoin investment was never designed for short term profit, people act the way they want that's why they are full of regrets when reality struck.

  Depending on luck for profit is something that is common to gambler's and it is not possible for anyone to know whether they will be lucky or not . So instead of relying on luck that may or may not happen, it is best for anyone that is accumulating should do so with long term motive and short term. Whoever that is investing in bitcoin with the intention of making quick profit is gambling with bitcoin and the chances of them losing money is very high.

You are right. Traders are those who allocate money to make short term profits. Investors accumulate Bitcoin for the long term. Those investors hold Bitcoin for a fixed period of time. Being successful in Bitcoin investment depends on implementing a long term strategy. Since trading is a risky strategy and the aim is to make quick profits, traders cannot be patient. Sometimes they sell in panic during price declines and sometimes they decide to sell after getting a small profit during price increases, which is not a sustainable method. Stay in Bitcoin accumulation for the long term and be consistent with discretionary income in the DCA method because the larger the size of Bitcoin holding the higher the future returns.

[Positive_mind]

If someone starts calculating profits from the savings stage, then many times he may stray away from the main goal. Because while he is in the savings stage, the market will show him a position of profit many times. If someone thinks about profits, then he may make the wrong decision like selling greedily when he sees a small profit. Therefore, there may be a possibility of profit in investment, but that is a matter of the future. For now, the main thing is to continue saving regularly with your discretionary income.

Selling your Bitcoin for small profits feels very smart today, but it would end up training you to disrupt your investment goal or plan. When you understand that Bitcoin has become part of our reality, some of us wouldn't be looking for those short term gains and you definitely will change your mindset .

Though, the purpose of every investment is for one to realise profit, but when it comes to Bitcoin and its investment, we should treat Bitcoin beyond profit value and understand that it's security and freedom, We've been so tied to the centralised fiat monetary system that most of us have failed/yet to realise what it means to be in charge or in control of your money without any middle man .
Bitcoin is the best form of money that ever happend in our life time.

 

[Obari]

Do you think that mental and behavioral control are similar important with financial management, risk management  in investing?

~snip~

If you invest with the intention of making a profit in the short term, you are more likely to make  loss than a profit. Anyone who wants to invest in Bitcoin should initially think that Bitcoin is a digital asset that should be invested in for the long term. Here, there may be some profit due to short-term luck, but there is a high possibility of loss. Even if you make some profit by trading in the short term, it will be a loss compared to the long-term profit. But those who do not understand this at the beginning do panic selling due to price volatility or sell their holdings when they see a profit. But all investors should not make decisions to invest or sell their holdings based on the price of Bitcoin.

There are absolutely several ways one can earn and benefit from the market but what matters the most is that you are being smart enough and not getting drown by the market and just as day traders, there are people who seize the opportunity in the price fluctuation of the bear market without necessarily trying to make it seem gambling.
Trading short term isn't totally a crime but not being smart with it is where the problem lies and that is why it is always encouraged to hold for long term so as to save us all these stress.

[Versatile_choice]

Trading short term isn't totally a crime but not being smart with it is where the problem lies and that is why it is always encouraged to hold for long term so as to save us all these stress.

Trading is never a crime because there are people who are constantly profiting from trading even though they loss most at times but there are some folks who are expert in that field. The only advice I give to whoever that chooses to go into trading is to make sure that they have the complete knowledge about trading, because it is not like that of bitcoin Investment that you can start Investment with little or no knowledge because some people started after knowing how to make their purchase with the hope of learning during the process of thier accumulation. While trading requires complete knowledge before getting started.

[Obari]

Trading short term isn't totally a crime but not being smart with it is where the problem lies and that is why it is always encouraged to hold for long term so as to save us all these stress.

Trading is never a crime because there are people who are constantly profiting from trading even though they loss most at times but there are some folks who are expert in that field. The only advice I give to whoever that chooses to go into trading is to make sure that they have the complete knowledge about trading, because it is not like that of bitcoin Investment that you can start Investment with little or no knowledge because some people started after knowing how to make their purchase with the hope of learning during the process of thier accumulation. While trading requires complete knowledge before getting started.

One of the most important aspects of bitcoin investment is that you can relatively invest with little knowledge while trying to get better knowledge of it and there was a time i created a topic that, knowledge without capital is a waste and this simply implies that, the actual benefit of bitcoin isn't in accumulating all the knowledge in the world about bitcoin but rather in accumulating the bitcoin itself, so as a newbie you should stay off trading and focus on investing and holding and you can easily do this using the DCA even with a minimal knowledge while trying to gather the necessary knowledge.

[Cgrexp]

If you invest with the intention of making a profit in the short term, you are more likely to make  loss than a profit. Anyone who wants to invest in Bitcoin should initially think that Bitcoin is a digital asset that should be invested in for the long term. Here, there may be some profit due to short-term luck, but there is a high possibility of loss. Even if you make some profit by trading in the short term, it will be a loss compared to the long-term profit. But those who do not understand this at the beginning do panic selling due to price volatility or sell their holdings when they see a profit. But all investors should not make decisions to invest or sell their holdings based on the price of Bitcoin.

Short-term luck or volatility? What do you call luck? I don't want to go into any discussion that has to do with short term Bitcoin investment because I don't buy that idea, I'm not part of it and I can't advice anyone to do that, anything that concerns Bitcoin investment should be long-term minded anything apart from that is literally seen as trading, you can not invest for a short term profit and still call yourself a real investor, yea we know that we have our choices and the right to do whatever we want since it is our invest and our funds but one thing i won't stop saying is that Bitcoin investment was never designed for short term profit, people act the way they want that's why they are full of regrets when reality struck.

  Depending on luck for profit is something that is common to gambler's and it is not possible for anyone to know whether they will be lucky or not . So instead of relying on luck that may or may not happen, it is best for anyone that is accumulating should do so with long term motive and short term. Whoever that is investing in bitcoin with the intention of making quick profit is gambling with bitcoin and the chances of them losing money is very high.

You are right. Traders are those who allocate money to make short term profits. Investors accumulate Bitcoin for the long term. Those investors hold Bitcoin for a fixed period of time. Being successful in Bitcoin investment depends on implementing a long term strategy. Since trading is a risky strategy and the aim is to make quick profits, traders cannot be patient. Sometimes they sell in panic during price declines and sometimes they decide to sell after getting a small profit during price increases, which is not a sustainable method. Stay in Bitcoin accumulation for the long term and be consistent with discretionary income in the DCA method because the larger the size of Bitcoin holding the higher the future returns.

Trading is   risky. because it relies on short-term market fluctuations. And most people can't maintain consistency. Many people panic and sell. However, not everyone is impatient or afraid. Experienced and disciplined traders follow risk management. In long-term investing, short-term volatility reduces anxiety and allows for regular investment. For most people, taking a long-term view with DCA is more sustainable and realistic than short-term trading.

[Abdulzuruku01]

Trading is   risky. because it relies on short-term market fluctuations. And most people can't maintain consistency. Many people panic and sell. However, not everyone is impatient or afraid. Experienced and disciplined traders follow risk management. In long-term investing, short-term volatility reduces anxiety and allows for regular investment. For most people, taking a long-term view with DCA is more sustainable and realistic than short-term trading.

You are right trading is risky and even investing is risky but it just that trading risk is higher than holding. In trading if we don’t have the patience and endurance while trading then we are going to loss so much in trading and it has been of notice that many new traders lacks this attributes you mentioned and they do make silly mistakes and loss so much in trading. But investing doesn’t need us to get ourselves stress at all instead with just small knowledge we would invest and make it out with good returns. And the risk In investment is low but we still need patience with investing too.

[Boiboi20]

If you do not have discipline after investing in Bitcoin, then there is no chance of that investment being long-lasting. At the same time, after investing, you sometimes get greedy when you see the price of Bitcoin increasing. You thought that maybe you can sell at a high price and buy it again at a low price and in this way, you will continue to profit. But because you sold after the price increased, you did not get the opportunity to buy at a low price. Again, when the market starts to turn bearish, you panic and sell to protect yourself from further losses. If your emotions are always fluctuating, then it is not possible for you to maintain your investment in Bitcoin for the long term. Of course, if you want to invest here, you have to be steady. If you can hold Bitcoin in any situation, then there is a high chance of profit.

I think discipline is what separates long term bitcoin investors from those who keep making emotional decisions a lot of people buy bitcoin with the intention of holding it but once the price starts going up greed kicks in and they begin thinking they can outsmart the market by selling high and buying back lower most times it does not go as planned however other hand when the market turns bearish fear takes over and they rush to sell because they don’t want to see their portfolio drop further that is why emotions can be very costly in investing.
Because if you truly believe in your investment you need patience and a clear strategy the market will always have up and down but constantly reacting to every price movement makes it difficult to stay invested for the long run Sometimes the hardest thing to do is simply hold and stick to your plan.

[Byebyebtc]

Zero knowledge isn't right anyways, as you wouldn't know what to do. And for Bitcoin investment, basic knowledge is encouraged. At least, knowing that Bitcoin is volatile and is always on the move. Knowing that you ought to buy with your Discretionary income and nothing more due to its volatility. How to buy and how to store. Fee of these informations can set you up for a cool start and while you keep investing, you gather more and better knowledge that will help you adjust better and invest peacefully. Where it becomes wrong is waiting to gather all knowledge before starting. This can keep you away from not starting at all

Even the feew you listed are even too much to start. When I started I just knew it as an investment, and I will get good return with a matter of time, then later on I got to understand more and more about the investment.
Nevertheless the main knowledge comes after investing, because the bold step of investing happens with dopamine, and once you get that feeling you should do it regardless of if you are learned enough about the coin, then later on you learn.

[Showlove01]

Zero knowledge isn't right anyways, as you wouldn't know what to do. And for Bitcoin investment, basic knowledge is encouraged. At least, knowing that Bitcoin is volatile and is always on the move. Knowing that you ought to buy with your Discretionary income and nothing more due to its volatility. How to buy and how to store. Fee of these informations can set you up for a cool start and while you keep investing, you gather more and better knowledge that will help you adjust better and invest peacefully. Where it becomes wrong is waiting to gather all knowledge before starting. This can keep you away from not starting at all

Even the feew you listed are even too much to start. When I started I just knew it as an investment, and I will get good return with a matter of time, then later on I got to understand more and more about the investment.
Nevertheless the main knowledge comes after investing, because the bold step of investing happens with dopamine, and once you get that feeling you should do it regardless of if you are learned enough about the coin, then later on you learn.

One thing is to have interest in Bitcoin and the next to have a basic knowledge of what Bitcoin investment is all about and then try to figure out your discrestionary income because these are the things that will help anyone who is starting new because without a basic knowledge and your discretionary income, you cannot really understand how Bitcoin works. The feeling of selling off our Bitcoin or Investment is always as a result of someone not been interested in Bitcoin and in the long term. Note, our return in Bitcoin investment is not certain that is why we use our discretionary income to invest.

[The Founding Titan]

When it gets to do with money and high risk investments, a lot of people actually get carried away especially when they start seeing profits and maybe don't have other tangible source of income, their investment holdings becomes a way of liberations and they forget the the actual goal they started with which is why most people start with a long term mindset and later turn it to gambling because they starting expecting the same profits they got from when the market was green and favoring them and that's why they said that the real investors are been determined during the bear market and not when the market is bullish and all green.

If you invest with the intention of making a profit in the short term, you are more likely to make  loss than a profit. Anyone who wants to invest in Bitcoin should initially think that Bitcoin is a digital asset that should be invested in for the long term. Here, there may be some profit due to short-term luck, but there is a high possibility of loss. Even if you make some profit by trading in the short term, it will be a loss compared to the long-term profit. But those who do not understand this at the beginning do panic selling due to price volatility or sell their holdings when they see a profit. But all investors should not make decisions to invest or sell their holdings based on the price of Bitcoin.

What caught my attention is the short term luck you mentioned, Bitcoin investment shouldn't be dependent on luck but hope that it would be rewarding in future that's why people are encouraged to hold longer, depending on short term luck is like a gamble which is a risk that shouldn't be considered with Bitcoin.

 Ignorance as an excuse is understandable but there are people who purposely choose to take more risks with Bitcoin investment cause they want quick money it's not like they don't understand the complications, they do but to them their goal is quick reward so they don't mind going extra mile to achieve it.

Bitcoin investment doesn't guarantee success butva long term investor has a much higher chance of success than a short term investor will ever have, afterall holding isn't exactly easy for alot of people so when they do hold and continuously accumulate bitcoin they end up being more like to turn their investment into a successful one, better than those who decide to come into bitcoin only for short term gains, these are the kind of people that usually only ever want to buy when the price is low so that once it shows any signs of recovery they will immediately sell with hopes of turning a profit, the major problem with this mindset is that once they've bought already and the price continues to dip they panic and end up selling at a loss.