Quote from: uswa56 on July 19, 2023, 11:26:54 AM

Quote from: Zanab247 on July 16, 2023, 07:13:50 PM

Patient is one of the key every BTC holders must embrace when waiting for bull market to come, because is a type of season every long and short BTC holders want to see before the end of the year before they can visit the market to sell. I bought BTC early last year when the price was $20k, and the price has taken a good step early this year to hit $30k which is very close to my expectations before I will start selling my BTC to have another opportunity to buy and hold for another bull to come. If you can endure with the current price situation, and hold not to allow any challenges make you to sell in this condition, I guess you will make a huge amount of profits from your holding soon. If the price of BTC reach $40k next month will you sell? I know many people will not sell until the price reach $100k, which it will take a long years before such dream will come to pass. What is your opinion.

After what happened to the Bitcoin price in the past, I have no doubt that patience with holding Bitcoin will bear sweet results, especially if we are able to be patient for a long period of time for the next few years, I'm sure the target will be achieved.
But apart from that, like what you did was right and now you can relax more because no matter what happens you still benefit if you sell it now, being able to buy at 20k is a big advantage and I agree with you that it is better to hold in a longer timeframe to wait for the price of 100k, it will be reached even if in a slightly longer timeframe.

If you can wait a long time then it is almost guaranteed that you are going to make some profit with bitcoin, that's a very important thing and should be considered a lovely return to profit as well. I am not saying that you can't make profit quickly, there are some people who does, but that's not going to be that easy.

This is why it's quite important that you end up making a profit long term but also work towards figuring out how to make a profit short term as well. If you can make a profit short term then it means that you are ready to become a trader, but if not, while you are still learning it, your long term investment will cover the losses you make there. This is why always put less money into short term, and more money into long term.