Quote from: stadus on Today at 09:40:07 PM

Quote from: Gudhal Untu on March 08, 2022, 12:24:50 PM

Bitcoin has a great potential to skyrocket, many companies with big financial strength who accept bitcoin will make price spikes in the short term, I don't care about the current bitcoin price, as long as I have the budget to buy then I will buy and hold for the long term.

If you have this kind of mindset, then you should have more patience to focus on your investment because long term hodling is even more risky as it will really test our faith in our investment with its price fall backs that may happen any time. But as long as you're determined to hold it for long and never sell at a loss, that will be better because long term hodling in bitcoin always paid off in the end. You will have the profits that is worth of your patience and determination.

^ I liked that mindset, it is open-minded and willing to make a potential profit which is even though there is no exact time frame on it that when it is happening. That is right, many companies, governments, and those private investors have been acting like big players in the market which always has a guarantee that BTC investment is always good and there is a good return in the future. There is no need to ask when is the right time to buy because anytime for me it is a perfect time to buy as long as the amount that you invested was the amount that you are willing to wait to have a profit.