What type of investor are you?

[Yeesha]

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Normally, Bitcoin is more profitable on a long run than shot terms but some desperate folks will not see that or wouldn't want to wait till the due day, all they are interested in is having a big bag in a short term which is likely gambling, but it's fine, experience is the greatest teacher in life maybe when they  have learned the hard way (lost a huge sum) they will understand better why it's always advice going for the long term plan than the short term.

Well everyone who is looking for profit in the short term is not just greedy sometimes their situation is such that they want quick returns. So they look for opportunities in the short term despite knowing the risk. But yes the reality is the market does not spare anyone. If you are not patient most of the time people enter at the wrong time and exit at the wrong time. So in my opinion short term or long term whatever it is you need to have a clear plan first. Otherwise the decision becomes one of emotion rather than your own.

Wanting quick return should also be clarified as greed from my perspective, because possess the aim of making so much profits or planning to accumulate so much wealth within a short period of time is greediness. As an investor your focus should be solely on your capital, after prioritising your capital then you can talk about your interest or profits. Greediness can expose an individual or an investor to higher loss resulting in losing both your capital and expected profits if care is not taken. A long term investment can be achievable but maybe its just a matter of time, you shouldn't be afraid of taking the decisions which you think is right and would be suitable for you, some short term investors will have the privilege to achieve what they want, just because the are lucky enough. Both long term and short term investments have their own requirements, including the advantages and the disadvantages.

[Bitcoin.com97]

This is where many get it wrong , going into bitcoins with the mindset of getting  rich quick, that is why many sell once that opportunity comes out , and at the end they will be at lost, the best thing is to go into bitcoins investment with a long term mindset, and not been greedy to accumulate wealth with the small  time one has, but with whatever you have accumulating little by little at the end you will be amazing at what you have achieve , it’s best to work on mindset rather than the volatile nature of the market .

[Sammye3]

Bitcoin is all about taking the risk, because aside bitcoin; every investment you make also involves risk. Investors who panic sell when the price of bitcoin drops are not real investors, they are scalp traders who trade on little bitcoin movement to make profits.

Investors are for the long term and not those who fear for the slightest change in bitcoin's price. You would not expect to be in profits throughout bitcoin's run, there are good days and bad days. To stay consistent,  focus more on the future than the present price.

[Sonia_123]

Bitcoin investment na for the strong nor be for weak people because the investment pattern na for those persons wey get plenty patience wey go if endure the ups and down for the market as dem dey hold bitcoin dey go because Bitcoin investment nor be investment wey you go dey put hand inside anytime wey you need money to solve your problem, e nor go make you fit gather well to reach the target wey you want dem nor dey borrow take invest for bitcoin, you go use the money wey you know sey e loss, nor go pain you.

To get beta money inside the investment you go leave am to grow well well for like 4-10 years or even more nor spend anytin inside, that one now go make you get beta money inside when you do invest well as you reach your target .

Nortin wey dey bring money for us wey nor dey risky nar just strong mind and patience go make you achieve your goal and purpose for inside bitcoin

[Mr_Brilliant$]

Bitcoin is all about taking the risk, because aside bitcoin; every investment you make also involves risk. Investors who panic sell when the price of bitcoin drops are not real investors, they are scalp traders who trade on little bitcoin movement to make profits.

Investors are for the long term and not those who fear for the slightest change in bitcoin's price. You would not expect to be in profits throughout bitcoin's run, there are good days and bad days. To stay consistent,  focus more on the future than the present price.

I agree with you well well.. Bitcoin no be for people wey dey expect straight profit every time.. The market go definitely shake sometimes, na normal thing.. If person panic because of small dip and rush sell, e shows say the person never really understand wetin long term investing mean..

Real investors dey look the bigger picture ahead, not just today’s candle movement. Anybody wey stay patient and consistent go understand say both red days and green days na part of the journey. Risk dey everywhere for investment, but mindset and patience na wetin dey separate investors from ordinary short term traders..

[laijsica]

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Normally, Bitcoin is more profitable on a long run than shot terms but some desperate folks will not see that or wouldn't want to wait till the due day, all they are interested in is having a big bag in a short term which is likely gambling, but it's fine, experience is the greatest teacher in life maybe when they  have learned the hard way (lost a huge sum) they will understand better why it's always advice going for the long term plan than the short term.

Well everyone who is looking for profit in the short term is not just greedy sometimes their situation is such that they want quick returns. So they look for opportunities in the short term despite knowing the risk. But yes the reality is the market does not spare anyone. If you are not patient most of the time people enter at the wrong time and exit at the wrong time. So in my opinion short term or long term whatever it is you need to have a clear plan first. Otherwise the decision becomes one of emotion rather than your own.

Isn't it logical to get out of gambling quickly when you are involved in gambling because of the desire for quick profit? Yes, rather than getting quick profit, at least you will be able to protect your capital from losses. Start with discretionary income for long term Bitcoin accumulation because this will greatly reduce the financial pressure on you. You yourself have realized that the market situation does not spare anyone. The tendency to get quick profit due to your small mistakes can be a reason for regret.

Not everyone may be greedy who is looking for short term profit but they are at high risk because of the trading attitude present in them. You do not need to be perfect in market analysis, you should be patient and disciplined and accumulate Bitcoin regularly regardless of the market situation and make multiple cycles.

[yixichloro2xx]

What I can say is that investors should have the proper mindset and knowledge when investing . Most the people here enter Bitcoin with the hope of getting profit first , but through the right source of knowledge our mindset shifted to holding for long term. The people who panics whenever price fluctuates lacks knowledge which makes them to make decisions based on their weak emotions. Market dips are normal thing because volatility has always been part of Bitcoin.  That's why I see Bitcoin as a long term asset so market changes don’t easily shake me.  Also it's very important to invest with what you can afford, this helps you stay calm when market isn't moving in your predetermined direction.

[Achalugo BTC]

What I can say is that investors should have the proper mindset and knowledge when investing . Most the people here enter Bitcoin with the hope of getting profit first , but through the right source of knowledge our mindset shifted to holding for long term. The people who panics whenever price fluctuates lacks knowledge which makes them to make decisions based on their weak emotions. Market dips are normal thing because volatility has always been part of Bitcoin.  That's why I see Bitcoin as a long term asset so market changes don’t easily shake me.  Also it's very important to invest with what you can afford, this helps you stay calm when market isn't moving in your predetermined direction.

It's just like going into a business without the mindset that you will eventually encounter losses. As long as a business is concerned, losses are inevitable, and that's exactly how it is in the investment sphere, whether it's in Bitcoin, altcoins and other investments. The only advantage that bitcoin investors have is that what is perceived as loss during market downturns isn't really a permanent loss, because when the market changes or enters a bull run, those losses would be recovered completely and even more profits would be added, so the best thing isn't to panic but to just sit down sip your juice and enjoy the ride.

[Franklyn-wood]

The thing3be say, bitcoin investment na the kind investment where individuals have the right to make their own research and to understand the market and how best he can approach the market, alot of bitcoin investors make the mistake of failing to take profits when they have the chance to I mean when market is selling at high price, they believe that the market will keep going up way all the way.

Not minding to take into consideration the possibility of market dump which will definitely come along the way, so the main advantage of bitcoin investment remains with those investors that have understanding of the bitcoin market cycle.

It is positble to over look the importantif Bitcoin as this will make one not to give more seriousness to Bitcoin. In the mind of a lot of people the confidence they have in Bitcoin would not allow them to believe that there are possibilities of the price of Bitcoin could come down while a lot of people Lossingi better the money they have invested in Bitcoin for a long time.  a lot of people .
I better become a long time Investor that save money and invest for a long time and to secure space more opportunities to keep investing

[Fiasem20]

This led me to asking this very critical question what type of a investor are you, do you always panic and sell off your assets in reacting to a Market change or are you a Fair whether investor or you believe in the long term property of Bitcoin. I want to say that when ever someone wants to invest in Bitcoin the very question that should be asked first is an I going into Bitcoin out of convictions or is just going into Bitcoin for a quick opportunity of making money due to a change in price by going into the market and leaving when the price of Bitcoin appreciates.

Firstly,I will answer your question in regard to the kind of investor that I am,anyways I’m a long term investor.I am holding my coins for the long term with the hope that bitcoin would appreciate in the future and I would be at a high chance of earning a profitable return.Now,talking about investors that panic and sell off their assets due to bitcoin price decline,those set of persons may not necessarily be newbies because even experienced investors are sometimes triggered to sell due to fear but newer investors are ones that are more likely seen in this situation.They sell because the level of doubt and fear has grown so high inside of them,before you start an investment always learn to manage the risk and develop a long term vision.

[Versatile_choice]

[Edited out]

Yeah, in some cases those that sell thier holdings within a short time might be considered as "weak hands" that's if they are selling when they have not reach their Investment goal. But as for those Investors who have reach thier investment goal and have chosen to sell especially when they figure out that they are in profit be it short term or not will not be considered as"weak hands" or weak investors because they are selling when they are supposed to.  As a matter of fact everyone must not invest for long term even though we are ask to invest for Long term yet some Investors would want to decide for themselves and surely we have every right to decide either to hold for long term or the short term and no one is going to query you for that because it's your one personal decision.

The definition of “weak hand” is entirely different from that of investors who sell when they’ve archived their goals even though it is short term, Weak Hands are the ones who can’t Hodl their coins during dips or corrections and they mostly panic sell leading them to losses.

We are just saying the same thing, I said in my previous comment that those who sell when they have not reach their Investment target I never said that selling when you have achieved your investment goal makes one a weak Investor of course when an investor have achieved his or her Investment target they have every right to sell whenever they like but it's bad for an investor to start selling when they have not reach their Investment target, selling when you have not reach your investment target is a mindset of a trader and not an investor because an investor is that person who Invest and HODL for Long term investment.

[icebar]

The thing3be say, bitcoin investment na the kind investment where individuals have the right to make their own research and to understand the market and how best he can approach the market, alot of bitcoin investors make the mistake of failing to take profits when they have the chance to I mean when market is selling at high price, they believe that the market will keep going up way all the way.

Not minding to take into consideration the possibility of market dump which will definitely come along the way, so the main advantage of bitcoin investment remains with those investors that have understanding of the bitcoin market cycle.

It is positble to over look the importantif Bitcoin as this will make one not to give more seriousness to Bitcoin. In the mind of a lot of people the confidence they have in Bitcoin would not allow them to believe that there are possibilities of the price of Bitcoin could come down while a lot of people Lossingi better the money they have invested in Bitcoin for a long time.  a lot of people .
I better become a long time Investor that save money and invest for a long time and to secure space more opportunities to keep investing

It is good to have faith in Bitcoin, but there are some investors who blindly trust Bitcoin. They know that the price of Bitcoin will not decrease. But whenever there is such a big decline, they are affected by emotions. Some people panic and sell at that time to reduce their losses. One must have faith in Bitcoin, but it must be in the case of long-term investment. Short-term faith is equivalent to blind investment. And the chances of losing are high for such investors. If the investor keeps a part of his discretionary income into long-term DCA, it is best for him, which will help him to hold it in the long term and at the same time keep the portfolio large. After investing in Bitcoin, I can avoid looking at price charts and gain the strength to hold for the long term without fear.

[Olotu20]

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It is good to have faith in Bitcoin, but there are some investors who blindly trust Bitcoin. They know that the price of Bitcoin will not decrease. But whenever there is such a big decline, they are affected by emotions. Some people panic and sell at that time to reduce their losses. One must have faith in Bitcoin, but it must be in the case of long-term investment. Short-term faith is equivalent to blind investment. And the chances of losing are high for such investors. If the investor keeps a part of his discretionary income into long-term DCA, it is best for him, which will help him to hold it in the long term and at the same time keep the portfolio large. After investing in Bitcoin, I can avoid looking at price charts and gain the strength to hold for the long term without fear.

Bitcoin investment best suits long term, anyone who is interested in investing on a short term plan will be disappointed so to as many who are interested in investing in Bitcoin should always think of long term investment because, when ever you think about short term investment the probability of recording loses is higher.

[Denziiii]

Bitcoin is all about taking the risk, because aside bitcoin; every investment you make also involves risk. Investors who panic sell when the price of bitcoin drops are not real investors, they are scalp traders who trade on little bitcoin movement to make profits.

Investors are for the long term and not those who fear for the slightest change in bitcoin's price. You would not expect to be in profits throughout bitcoin's run, there are good days and bad days. To stay consistent,  focus more on the future than the present price.

You’re right. Bitcoin rewards patience more than emotions. Most people panic because they focus too much on short-term price movements instead of the bigger picture. Every solid investment comes with risk, but the difference between investors and traders is mindset. Traders chase quick profits, while real investors understand that volatility is part of the journey.

No market moves up forever without corrections, and Bitcoin is no exception. The people who stay consistent during the bad days are usually the ones who benefit the most in the long run. Long-term conviction and steady accumulation will always beat emotional buying and panic selling.

[Stable090]

Crypto currency is always considered as a volatile asset by many people, especially Bitcoin and so when ever Bitcoin is mentioned many people get skeptical about investing in Bitcoin.

Bitcoin is a volatile asset, and that’s the first thing that I do tell anyone am introducing to bitcoin. If u wan put money for bitcoin, u suppose know early say e Dey volatile, make u know say ur money fit increase any moment, and e fit drop any moment, make e no come be like say na when ur money Dey drop u go come Dey complain give me, or u go Dey think say I scam u.

This led me to asking this very critical question what type of a investor are you, do you always panic and sell off your assets in reacting to a Market change or are you a Fair whether investor or you believe in the long term property of Bitcoin.

I don Dey crypto space for some time now, and I don experience different dip in the market, I no really sure say any dip fit make me panic again, if any dip happen, if I get opportunity I go use am buy more bitcoin, but I no go sell. D only thing wey fit make me sell my bitcoin now be say, maybe I get problem and I no get any money to solve am, if na to sell bitcoin be my last option, den I go sell am if things come balance I go buy am back again, but dip no fit make me sell bitcoin.

[Nwada001]

Bitcoin investment best suits long term, anyone who is interested in investing on a short term plan will be disappointed so to as many who are interested in investing in Bitcoin should always think of long term investment because, when ever you think about short term investment the probability of recording loses is higher.

There is profit for long-term holders; people who also target short-term might be aiming for little profit, which is also not entirely impossible. It might be difficult, but not all short-term holders record loss all the time. Some of them are lucky enough to have good timing and enter the market in a good time while taking profit immediately; there is a pump in their market.

[L E G E N D A R Y]

Bitcoin investment best suits long term, anyone who is interested in investing on a short term plan will be disappointed so to as many who are interested in investing in Bitcoin should always think of long term investment because, when ever you think about short term investment the probability of recording loses is higher.

This right here is the reason why a lot of investors often end up failing in Bitcoin investment. Some folks come into Bitcoin simply because they heard from others or from online that it's very profitable. Indeed it is profitable, but this requires a personal understanding and conviction before one can really get the actual benefits of Bitcoin. Bitcoin is a long term asset and it's impossible to actually get something reasonable if you don't approach it with tht long term mindset. Although there are those who do actually trade Bitcoin withing the short term, some manage to make some quick profits, while others end up hitting some serious losses, that's why short term trading is more of gambling than actual investing.

[TokenTikas]

This led me to asking this very critical question what type of a investor are you, do you always panic and sell off your assets in reacting to a Market change or are you a Fair whether investor or you believe in the long term property of Bitcoin. I want to say that when ever someone wants to invest in Bitcoin the very question that should be asked first is an I going into Bitcoin out of convictions or is just going into Bitcoin for a quick opportunity of making money due to a change in price by going into the market and leaving when the price of Bitcoin appreciates.

Personally, I’ve been investing in bitcoin for the long term because I started after considering both the history of bitcoin and its current condition. I actually like the way bitcoin moves up and down since volatility is something normal in this market.
Overall, I’m maintaining a small-scale (DCA) strategy for my investment. For now, my main focus is long-term holding, then later we go see how everything turns out.

[Asiska02]

This is where many get it wrong , going into bitcoins with the mindset of getting  rich quick, that is why many sell once that opportunity comes out , and at the end they will be at lost, the best thing is to go into bitcoins investment with a long term mindset, and not been greedy to accumulate wealth with the small  time one has, but with whatever you have accumulating little by little at the end you will be amazing at what you have achieve , it’s best to work on mindset rather than the volatile nature of the market .

The volatile nature of the market in itself is an advantage to you as an investor. Often times, some people see this as a disadvantage and tend to tell intending newbie investors to be careful of the volatile nature of the market, but for one that have been in the market for quite some time now, you can just be able to tell from onset that the market is going to be in your favour when volatility hits and the market value of bitcoin drops drastically, this helps in making sure that you get to invest more while holding on to other positions in the market. This is an opportunity to some but a discouragement to some, most especially those that don’t understand how the market works. Every situation in the market has their advantages and disadvantages, you just have to learn how to make good use of it to your own benefit.

[I_Anime]

Crypto currency is always considered as a volatile asset by many people, especially Bitcoin and so when ever Bitcoin is mentioned many people get skeptical about investing in Bitcoin.Because to them Bitcoin is not worth taking the risk going by it volatile nature and this fear is also exhibited by those who has been able to summon up courage to invest in Bitcoin, and this is seen when ever there is a change in the market in terms of a change in the price of Bitcoin. When ever there is a change in the market investors also react to it there are investors who quickly sell off their assets due to fear of lose, while there are also a group of investors who continue to accumulate despite the dip that Bitcoin may be experiencing.

This led me to asking this very critical question what type of a investor are you, do you always panic and sell off your assets in reacting to a Market change or are you a Fair whether investor or you believe in the long term property of Bitcoin. I want to say that when ever someone wants to invest in Bitcoin the very question that should be asked first is an I going into Bitcoin out of convictions or is just going into Bitcoin for a quick opportunity of making money due to a change in price by going into the market and leaving when the price of Bitcoin appreciates.

Me of then would have been panicking now , especially now when there’s some dip in the crypto market , due to the halfsize knowledge I have then. But now things have changed because of the knowledge I have acquired so far, cause is not all about making money try to understand what you are investing on and what you are working with too , with that you will be able to do better and grow in what ever you do .