Post
Topic
Board Speculation
Re: Be patient and you will be there soon.
by
erep
on 22/07/2023, 23:11:01 UTC
Holding of Bitcoin would give you more profits and to hold Bitcoin you need patience. First you'll need patience when buying, you don't have to hurry to buy as when you do that you'll be buying Bitcoin at a very high price. Always wait for the market to fall before you buy Bitcoin.

After buying you have to hold patiently, there will be time when you'll want to sell due to the price of Bitcoin pumping but keep holding because Bitcoin can always go higher in price because there's big demand for Bitcoin as more people enter the industry in search of profits too.
Exactly, I agree with the point you explained because if we set an investment strategy for the long term, extra patience is needed to buy at the lowest price and the DCA investment solution will help you to invest gradually with different price ranges to minimize high losses if the market price drops significantly due to the influence of negative news.

Actually people can control their emotions and be patient towards investing depending on the factor of using investment funds, if the funds are used specifically to invest in crypto then whatever the risk he can go through with patience even for the next few years, but if the funds used to invest are greater than savings then investment guarantees will not last for the long term, so the fund factor also influences the decision to determine the investment term.