Those who wish to hodl should br encouraged,
Those who wants to spend it for a currency should do so,
Those who wants to trade it on the market can have their go at it for sure.
It’s just bitcoin being used as it should be.
Yes.. they can do what they like, but some of those things might not be very smart, especially if you might want to get to fuck you status.... but hey whatever, each person can do what they like, and you have made your point... but it does not mean that they even know what the fuck they are doing, and if we are focusing in this thread upon what we might believe is a "good bitcoin investor" then selling all of your BTC does not seem to make a good bitcoin investor, but hey do what you like.. if you want to sell all of your bitcoin, then hopefully you do not end up selling too many too soon and then becoming bitter... especially since bitcoin is actually a vehicle to one of the greatest (if not the greatest) peaceful wealth transfers, in history, and if you want to fuck around with trading and trying to buy back cheaper, that is upon you to take those kinds of chances.. You are free to do so, and king daddy gives no shits if you end up having to buy back 50% higher because you ended up having the wrong mindset and you ended up selling too many too soon because you thought that you were smarter than everyone else.. like a smart virus. Those who wants to spend it for a currency should do so,
Those who wants to trade it on the market can have their go at it for sure.
It’s just bitcoin being used as it should be.
We will be able to feel something very big when we sell bitcoin, and I am sure for people who bought when the price touched 15k some time ago, they will get a big profit when they sell today at 29k as I write this. But is that what we really want? Of course not. The current price is still far from the last ATH price, and I personally have faith that bitcoin will be able to reach a new ATH, yes although I can't be sure when exactly that will happen. But my belief is based and for me it is a very good thing to continue to hold it.
There are likely some BTC investors who sold BTC around $20k or below $20k because they ended up panicking, and even coming up with a theory that BTC prices might go down to $12k or even lower, but we know that $12k or lower did not happen because the lowest that we got was about $15,479.
Furthermore some of those folks who sold BTC around or below $20k may well have bought their BTC on average for much lower prices, so in terms of dollars they may well have gotten a profit, so technically they might not be incorrect in terms of experiencing dollar profits.. but they also might end up having to buy back at way higher prices in the future because they ended up having way too few BTC and perhaps no BTC because they did not employ sufficiently prudent and/or smart BTC investment strategies, even though at the time that they sold their BTC they were thinking that they did the right thing, especially given the then circumstances and their view of what they thought bitcoin would do (even though they ended up being wrong).
Historically, we have a lot of similar circumstances in which guys are bragging how smart they were on some of their BTC trades, and surely they may have even made decently large dollar profits, but then they end up hardly having any BTC when the BTC price goes up they are not prepared for UP.. even if they already made a lot of dollar profits, and sometimes the BTC price goes up several times or even 10x, and does not end up coming back down, and even if they were to later invest into bitcoin, they might ONLY be able to purchase a fraction of their previous BTC holdings, maybe even in the category of 1/10th the amount... so sometimes it can take a while to figure out if someone is a smart/good investor or not, even if they might make some moves/trades that seem to be smart and profitable.
I know that in my own personal situation, I probably could not even accumulate 1/10 of the amount of BTC that I currently own.. and furthermore, in order to accomplish that level of purchasing of BTC, I would be putting my whole investment portfolio in a kind of high level of stress - so it seems to be way better to be attempting to accumulate as many BTC as you can reasonably accumulate on a regular basis, but also as soon as you are able to do so, and sure, there is nothing wrong with attempting to get more BTC when the BTC price drops, but there also should be recognitions that sometimes the BTC price is not going to drop as much as you like so you have to be careful to make sure that you are prepared for UP in the event that UP ends up happening.. and surely neither UP nor DOWN are guaranteed, even when we perceive high odds for whatever scenarios that we believe or that we see others spouting.
The topic arises when the animosity of bitcoin maximalists on the forum and Twitter towards altcoin holders is at its minimum. It is now the wisest course of action for bitcoin maximalists to embrace the potential benefits of both altcoins and bitcoins, fostering authentic discussions across all platforms. This will enable them to devise the most effective strategies and execute them at the opportune moment
Fuck shitcoins. We are not talking about shitcoins in this thread.
Do you see what topic that you are in?
If you get distracted with shitcoins, then you likely are failing/refusing to adequately understand and appreciate the power of king daddy bitcoin, especially if you believe that there is any kind of real/meaningful need to get involved in shitcoins in terms of your brain power, your time, your energies and/or your finances.
Figure out bitcoin first, and then maybe at some later date, maybe you might want to fuck around with some shitcoins, but getting involved in shitcoins is not necessary in order to understand and/or to profit from bitcoin investing and likely getting involved in shitcoin is likely to have a dilutive and/or distractive effect in regards to figuring out, managing and employing a bitcoin and/otherwise prudent and reasonable investing strategy.
Patience is the tool use to determine a good BTC investors, because many BTC investors has failed in so many ways not to earn well from their investment, just because they didn't exercise patience to hold for the right time to come. Any BTC investors that Carry patience along in his or her investment, it is very difficult for such investors to miss it in future, you know why? he or she will be counting some months or years he or she has been holding that particular coin which he or she believe that the price will definitely come through for he or she to smile at the end, that is what make someone a good investor. Over a month now, the price of BTC is still around $30k and many investors who don't endure any longer will sell , but those potential investors that Carry patience will not sell until the price hit $80k or $100k before they can sell to make a good result.
yes, indeed patience is one of the keys to good success in investing in btc, because indeed if we are impatient in investing in btc then of course there will be the potential for losses, so investing in btc really requires a strong mentality so that it has the potential to make a profit. so a great btc investor is an investor who works hard at everything and never gives up. so investing in btc is not easy because you have to keep learning to find extensive knowledge.Trading is a more advanced strategy, and surely is not necessary in order to get started in terms of investing into bitcoin. Sure, newbies can trade if they are really interested in the topic, but it is a niche kind of specialty that takes quite a bit of time to learn, and it probably is not really worth the time for most people, unless you just feel some kind of need to learn about it, and even if you feel some kind of need to learn about trading, it is probably still likely necessary to create both an investing and a trading practice that likely has self-imposed limitations on the quantity of funds that would be available for trading and really figuring out ways how to NOT get tempted to easily break your own self-imposed limitations.
Also, in order to start investing in bitcoin, there is no need to wait for a bear market. There is not a problem with getting started as soon as possible. Sure there might be ways that anyone who is new might try to buy on dips and also figure out ways to make sure that they are comfortable in terms of having enough bitcoin that they are prepared for UP, while at the same time having some strategies for buying more BTC if the price goes down.
Surely some of the presumptions of investing into bitcoin at any time would be that the investment timeline is 4-10 years or more, and if your investment timeline is less than 4 years, then you may well have to employ different strategies, including perhaps taking a smaller (rather than a larger) BTC position since you likely are more of a short term, rather than medium to long term investor.