Quote from: Asuspawer09 on Today at 08:00:13 AM

Quote from: Call_Me_Guru on May 18, 2023, 11:56:05 AM

My take on bitcoin in 2023 by the way it bought and was pumping pumping and pumping was like it will never stop. I thought it was my year to make my money and keep much of Bitcoin in my wallet. But the dullness of over 2 months has changed my mind. The scenario poured coldness in my mind but again let me know that bitcoin behaves like an asset and asset has the time to buy and sell not the way I thought it will always be be buying.

I have waited for the price to reach $25k for me to start pumping my money, it never reach there. I grows impatient daily, I won't wait more than 1st of July, any price I see it is what I buy.

I don't like to sound desperate, do I sound desperate or determine to make money?

Bitcoin HODLing for years can not be a lost affair.

For sure, knowing your timing is a big thing on cryptocurrency, but you gonna need to plan your investment what price are you aiming to sell and how are you going to hold your investment for the short term or for the long term? When the price of Bitcoin was around 15k$ after the bull run it quickly drop I immediately know that it is a good opportunity to buy that time so I bought a huge amount that time and now the market price is back to 30k$ which is a good thing meaning its an easy profit.

That just means that it's a good indication that you should have enough knowledge before starting to invest and you should know what you're doing at some point because knowing what you're doing means you could earn a profit and not just lose your money since you plan your entry and exit. At this moment I know that it's a good time to hold since I bought it at the bottom and planning to sell it for around 100k$ which is I think a fair price I could easily HODL even after that since there is a lot more room for profit.

You bought at a very good price. This shows that you know the market. Waiting for the right time and buying from that point is an important issue. Patience is required to achieve this. Those who think about doing HODL usually do no harm. Bitcoin has never failed us in this regard.

Of course, there are instantaneous decreases, but when we look at our knowledge here and the previous movements of the market, we know that Bitcoin will rise again. This information did not occur immediately. It was the result of our time in the market. Of course, there are many things to be aware of in the market.

The most important thing is to act in a planned way as you said. The plan will bring us success.