Quote from: wxa7115 on Today at 05:46:28 AM

Quote from: Blisszi on Today at 04:30:38 AM

I heard people keep saying don't sell when the price rise a little, or when it starts dropping! I don't get, why are you holding it for long? As long as am concerns is just a matter what you want, long term or short term. Bitcoin is not your Goldsmith or some banks you build at home that you can control anytime you like.

To me bitcoin is there to gives you money when you're satisfied to take the money or take your if can't wait when is dropping. I can't hold for too long is personal or I will never take investment in a short is till personal.

Whether you hold or not what will happen in bitcoin will still happens, is good to hold but too long hell no, because am not the future, future is expectations real life is in the present.

My questions is people keeping bitcoin for too long and begins to hear story?
What's the secret that's different from taking profit?
Is that long term bitcoin don't experience losses?

You are the sole owner of the bitcoin in your wallet and if you do not want to hold that long then no one can force you.

However the recommendation of holding your coins for as long as you can comes from the fact that bitcoin keeps going up in value, it is true it can go down as well but on average it only goes up, and if that is the case then why sell an asset like that? The most logical move would be to keep it and use fiat which does the opposite process whenever possible, by the way this process has a name and it is called the gresham law and it has been a known process for a very long time.

Thats it, because Bitcoin is unlike anything else, meaning its deflationary and its adoption
grows this contributes to its decreasing supply and increasing demand. This also
means in the long term its market prive increases.

quote author=Blisszi link=topic=5440377.msg61785001#msg61785001 date=1676781038]

What's the secret that's different from taking profit?

[/quote]

This question has been asked many times here on the forum. Not everyone can or wants to
time the ATH to take profits, ^{others can and do}, it can be very tricky and hindsight
is 20/20 vision.

As mentioned by others, Bitcoin can be many things and when you have complete control
over what you own in your own personal wallet you are free to do what you want 24/7
365 days of the year.