Quote from: topbitcoin on Today at 05:54:56 PM

Quote from: fzkto on Today at 02:16:02 PM

Quote from: Onyeeze on July 20, 2023, 10:43:19 PM

I was told that during in cryptocurrency investment that for we to achieve and plans for investment in cryptocurrency we most have a budget and also exercise patients in any of the investment of cryptocurrency and when we rush the investment we are going to lose and we have to be careful for the kind of investment we are going to involve ourselves in cryptocurrency, so I believe that with trust and not to be in hurry you will make a profit in long term investment of cryptocurrency depending the coin you are investing for, either bitcoin or altcoins

Investing in cryptocurrency, like any other investment does not imply a quick profit. You will still need to wait for your plan to work. You can say that you are lucky if the profit happens quickly and you bought coins at the bottom. But if the bear market is not over yet and you bought coins at a high price, you will have to wait long and nervously. Especially since not all coins recover.

But sometimes you have to rush to get the opportunity to get the cheapest price, for example when bitcoin touched the price level of $ 15k last year, I think people who didn't rush to take this opportunity they really regretted it in the end, even though they got a buying price that bitcoin could pick up again at a later time.
There needs to be a strategy and seeing opportunities, and as the saying goes, whales buy when bitcoin is red and anchovies will buy when it is green, this depends on mindset and first come first serve.
To avoid anxiety, I think it's better to use the right strategy like Lump Sump or DCA, it's better than being patient without a price target and goal to take.

And yes, we need time to make a profit in this situation, you need HODL or be patient until the selling price point is targeted, use the nature of patience where you have to use it wisely.

Lots had been anticipating that the price would really be hitting up 10k on that time and even myself was really expecting to that and i had missed out on buying on that point until of that long wait i had seen that

the price is clinging back again on 20k on which it did result into that kind of thinking that there might be some pullback and would really be continuing on going down but now where we at now? Cheesy

Starting on buying when the price is hitting 24k which its true that you cant really be able to avoid on having those doubts and anxiety on the time that we are seeing the price is going down.
DCA? Easy to say but when you are on the actual situation or condition then this is something that questionable, you cant really make yourself that too confident on these kind of moments
on which seeing the price is going down.

You would really be starting on buying on the time that you do see the price is really clinging up. You wont really be having those considerations when the price is going down
until you do realize that it is really that too late on making such move.