Quote from: Dollar_Hunter on Today at 06:55:31 AM

Quote from: Sayeds56 on May 29, 2023, 03:49:06 AM

Quote from: Sim_card on May 27, 2023, 09:56:42 PM

The wisest way to benefit from your bitcoin portfolio is to hold for a very long time and continue to DCA.

Indeed, holding Bitcoin for significant period of time and consistently adding more Bitcoins in your portfolio by employing Dollar cost averaging strategy (DCA) is a prudent approach. The historical performance of Bitcoin has vindicated that it has potential of substantial growth and ability to outperform other class- of assets, including gold and stocks, in the long term. However, decision to continue holding and acquiring new Bitcoins entirely depends on individual's financial situation and circumstances, additionally there is always risk associated with all type of investments including Bitcoin, therefore it is wise to carefully evaluate your financial situation, long term goals and risk tolerance before making any investment decision.

Bitcoin price growth has indeed been proven in recent years until now it still has a positive ROI,
but for investments starting this year, ofcourse we hope that Bitcoin can reach a new year again, but that cannot be guaranteed either,
if you add There are too many bitcoins in your portfolio that you really need to know when to get out.

It tends to take a long time to build any investment portfolio, whether including bitcoin in such investment portfolio or not.

It seems to me that the overwhelming majority of people do not have enough bitcoin in their investment portfolio, so I would not worry so much about a hypothetical problem in which there are some people that might have too many bitcoin in their portfolio, but it is quite likely that those who have too many bitcoin already know how to deal with the issue (not really a problem) of having too many bitcoin.

By the way, there may be people who believe that they have too many bitcoin in their investment portfolio, and I would speculate those kinds of people tend to be coming to wrong conclusions because they do not sufficiently/adequately understand what bitcoin is.

I will also suggest that relatively speaking none of us likely needs to take a very large allocation in bitcoin in order to have great potential of profiting stupendously from our having had invested in bitcoin, and so we might be able to try to consider our investment timeline of 4-10 years or longer, and really have good chances of having had received disparately great performance from bitcoin as compared to other investments that we might make.. and at the same time recognizing and appreciating that even bitcoin is not guaranteed to outperform other assets, even though bitcoin is likely amongst the best (if not the very best) of investment assets currently available to anyone in all places in the world.

Good luck if you do not have many if any coins or if you are busy getting worried about when to sell your coins rather than planning ways to prudently, adequately and sufficiently accumulating BTC, you will need it.

Quote from: YUriy1991 on Today at 08:17:39 AM

Actually it's just a matter of hard work and dedication. If we are willing to learn and take action, we will be able to achieve positive results in managing our BTC assets. Success is not difficult, but requires persistence and the will to act. Regarding storing and adding BTC assets, it is important to find out on which exchanges the coin is available and at what price to buy it and is it considered safe. Once you have the coins, you need to know where and when to sell them. Easy.

Success is easy in theory, but it takes a lot of conviction to follow a plan of consistently and persistently on an ongoing basis.

If success was so easy-peasy, then there would be way more people who already have financial security in their lives, and surely that is not true. There is also regional and geographical variation in regards to historically who gets wealthy and how they get wealthy, which has a lot of corrupt, confusing and preclusive aspects. Surely bitcoin is a new way to potentially become rich and to have success, and it has ONLY been around for 14 years, and at the same time has ONLY had a market, a monetary value and increasingly more accessible to everyone for around 12-ish years.. and arguably even less than that in terms of people in all parts of the world actually being able to reasonably access bitcoin - once they learn about it.. seems like challenges to me, rather than ease in being successful..

If it is so easy to be successful, why are there so many poor people in the world? You hardly make any sense YUriy1991 unless you are only viewing the world and the circumstances of people with a kind of rose-tinted glasses in which you believe everyone has opportunties that might have had been available to you and to your particular circumstances, or are you perhaps trying to suggest that you came out of the gutters, pulled yourself up by the bootstraps to become the successful person that presumptively you have become completely through your own efforts?