Re: Bitcoin Long Term Investing & why this is the only way to Financial Freedom
Long term investing is incompatible with technical analysis. Your channel is crap.
Long term investment requires careful research on potential projects for your portfolio. What projects? What portfolio? They're talking about Bitcoin. Portfolios are for shitcoin buyers.
As for the technicals being incompatible, I agree. There's no need to do short-term TA when you're an investor. TA is for traders. He's talking about long term hold and barely mentions the fundamentals, but focuses on the recent correction, like a typical trader. He even says that "the recent move might look catastrophic".
I'm a holder and to me the move from 9k to 4k in March wasn't catastrophic. If you feel like that when the price moves down by 2k USD, youre a trader not an investor.
Hej there thanks for your feedback. In this case i must have been misunderstood. I do personally as a holder didnt find the "crash" catastrophic it was more related to the traders out there or those who arent aware that bitcoin moves this massively. I personally see all those price movements as a great buying opportunity to accumulate more bitcoin. Nevertheless i do have the feeling that a lot of people arent holding bitcoin and rather trade bitcoin for the short term
