Quote from: Ojima-ojo on April 07, 2023, 10:23:56 PM

Quote from: Betwrong on March 25, 2023, 12:23:16 PM

I just want to add that investing your spare money in BTC is always a good deal long term, but short term, it is not always so. By "long term" here I mean 10+ years, and by "short term" I mean something around 2 years. I think, these days, when Bitcoin is still under $30k, and even when it will be under $40k, investing in BTC will be a good deal even short term. I may be wrong, like anyone else. Use your own head. But that's what I think about the current situation we are in.

Actually, 10+ years is really a considerable long term indeed but the question is how many of Bitcoin investors will be able to hold through all the time till their arrival at that stage because 10 years is really a long time to be considered for a speculative investment like bitcoin.

Don't misunderstand my point, what I mean is that if one could possibly reduce the waiting/holding time to 5+ depending on your age and the nature of your invested fuanywaysways.

the same is the case with other investments, maybe if it's only 2 years the results are not yet clear or even you are still losing money. but in the long term like 10 more years, maybe it will benefit. but if we talk about the best return, then the moment becomes a determining factor to get the maximum result. suppose we target to hold it in 10 years, it turns out that in year 9 the price has soared, then I will sell it at that moment