Basically no one knows what will happen this October, so everyone is free to predict where the Bitcoin price will go. All possibilities can happen, especially since we know that Bitcoin's movements are very volatile, therefore it is difficult to predict. So it's better for us to make decisions based on our own research and analysis, rather than relying on other people's predictions that don't guarantee accuracy. But if we see the bear market has been running for almost a year and there is no indication that the bear market will end.
It is definitely easier to just wait for it for the longer term because in the end we are talking about something that will take a very long time to do. I mean imagine a situation where it would be near impossible for you to end up with a result that is a loss if you just hold it as long as possible.
I am not saying that it will happen right away, but in the long run it will happen after a while, and that’s a lot better. If you focus on the short term, then you are not going to end up with a profit at all because it’s much harder, even if you are right once, you could be wrong the next time and there is no reason why you should be doing that at all.
Indeed, our risk of experiencing a greater loss if we force a short-term investment in Bitcoin.
Bitcoin is undoubtedly the safest choice of coins for us to buy in a bear market situation like now.
But we also have to know how the safest way to increase our chances of making profit from Bitcoin.
Based on my experience of several years of investing in Bitcoin, it is indeed very difficult to make a profit if we invest in Bitcoin short term.
Because it is very difficult to get sustainable profits if short-term investments,
what is feared is that the amount of loss experienced is greater than the profit generated.
That's why we have to take a risky step if there is a safer step to take,
the most important thing for a successful investment in Bitcoin is how we can be patient holding Bitcoin in the long term.
Moreover, Bitcoin since entering the market has proven that every 4 years it will usually reach new ATH,
it means the longer we hold Bitcoin, the bigger the profit we make.