Quote from: michellee on Today at 02:01:01 AM

Quote from: skarais on February 24, 2022, 07:38:43 PM

Quote from: michellee on February 24, 2022, 03:20:00 AM

No one knows when the bulls will return for bitcoin, but bitcoin will go back up in the long term. For that, we are better off playing in the long term if we have difficulty taking profits in the short and medium-term. Yes, we always expect a recovery from the market but we don't know when. And by preparing everything, we can survive.

Did you see the bitcoin correction today? That's what I mean to always consider the worst case scenario so far. You and I and many others should do nothing without doing an analysis where they have only faith and optimism in any investment. When reality doesn't match expectations, disappointment may stay in the mind longer.

In my opinion, good investment management is always needed by anyone regardless of whether they are very confident about the potential of their investment assets in the future. I always consider using 50% of my capital as a reserve and that is important when the market is not going the way we expected.

Yes, I saw it yesterday. And luckily, today the market is back up to $38k. If you look at the daily trend, now could be the time for bitcoin to rise again but I don't know because the situation is still unpredictable. So we can return to profit after yesterday's decline.

People who bought bitcoins yesterday are making a decent profit today, especially if they set a target to sell at $40k. And today, it looks like the price hasn't changed much and is staying at $38k.

This means that bitcoin is currently better for short-term investments, considering that market conditions are not in normal conditions, but if a long-term target is installed, then this must be prepared for a long period of time, short-term profits are not too big profits, but at least it can be stable in filling the void of profit from investment in conditions like now, so there is a reasonable return, although not so big.