Quote from: carlisle1 on August 10, 2021, 04:20:59 PM

Quote from: Spack17 on August 09, 2021, 01:04:40 PM

It's already a proven thing that buying when the price is low is always much more profitable than buying at a high price. And this can't change in under any circumstances as long as the investor becomes patient and doesn't sell until the price goal is reached. For now, the dip was $29k and people who bought at that level must be quite happy now.

they are indeed happy and some who really aiming for long term investment still holds knowing that the price can move more and bring more profits.

Buying high and selling low that's how those lazy investors experienced, thinking that it's easy to invest from this market
looking for quick profits, but instead they lose money due to panic and fear after seeing that the market crashes.

If you want to deal with this strategy, you need to have a strong will to follow your original set up. Keep in mind that you
invest because you wanted to earn, you need to wait till that thing happened to you.

So what if you have an original setup but out of a sudden all governments around the world start cracking down on Bitcoin? Everyone talks about a strategy and sticking to the strategy, but that is not how it works. What if you had a strategy to buy oil and hold it right before the pandemic? Maybe you should adjust your strategy because of the lockdown? The market is so uncertain and full of surprises that having a hard strategy isn't always the right way to go about it. You need to keep yourself informed and also reconsider decisions if necessary.