Post
Topic
Board Speculation
Re: Be patient and you will be there soon.
by
Hamphser
on 18/07/2023, 22:40:07 UTC
Quote from: Kelvinid
-snip-
So if the price of BTC reach $60k in 30 years, you will not sell your BTC? Don't you know that many people will sell and save the money and wait for the price to decrease before they can buy again to wait for another bull, and before that 30 years the price of BTC will reach $100k he or she has made a huge amount of money. What about some bad happen that may lead to death, but we don't pray for such thing to happen but is a something that can come at anytime as long we are human, and you know that many BTC holders don't use to share their wallets detail to their children, wife or husband based on past experiences, so if you hold like 25 years hoping that the price will reach $100k and the price manage to hit $65k and you continue holding and something happen, what do you think will happen to your money.
I understand what you're worried about - but every investor or holder has probably thought of their own way out including inheritance.

If you can be a bitcoin holder for over 3 decades - then why don't you? The problem here is not when you take profits - but how you manage the risk of your investment as long as you don't want to sell it for financial or other reasons. It's true that it's always good to sell at a profit instead of holding on forever - but all of us are not the same.
When it comes to financial status then each one of us would really be different. Let those people who do tend to hold like forever or long years then they are those people who do have other income source on which they

wouldn't really bother about their Bitcoin investment or crypto if ever it would really be going into the ground since they do have other sources on which they could be able to sustain on which this is something that would really be that an issue for those people who are really that relying with their crypto investment and this is why they would really be making those immediate steps on the time that they do saw that they are making profits or having those gains on which they would really be normally be selling out their coins for profits and rinse and rpeat.

Patience is something that would really be a behavior which is mostly that would be applied into this investment specially on crypto specially into those coins or projects which does really have that potential.
If you are really that impulsive when it comes to your emotion then crypto market isnt really for you because you would most likely be keeping on committing mistakes because of sudden
changes of price and same as with your emotions.