As an investor on bitcoin,I know that most people invested to make profit by buying their bitcoin and try their possible best to hold on to their bitcoin till the next bull run,which will be a perfect time to sell and make profit. My question goes like this
1. What price do you think that bitcoin will hit in the next ATH.
2. When do you plan to sell and make good profit from your bitcoin portfolio,is it next bull season or the next two bull market,because bitcoin price is always tempting during the bull run. Give me your target price that you will be happy to sell off your bitcoin.
Let's discuss.
Everyone who purchased bitcoin they purchased bitcoin having the target of bitcoin rising so that they will make profit,nobody who b
Purchased bitcoin because it wants to lose,the reason we hold bitcoin is to wait until the time mature enough so that when we sell we make profit, this one of the things that make bitcoin price to be like this, most at times people doesn't rush to sell their bitcoin again, they all wait until the price rise again. If you purchased bitcoin you most have time of target when you will sell so that you will make profit, the most the things that makes people to sell bitcoin is when they see that bitcoin price have increased and they will be a profit times x2 of what we purchased
You both have similar points. Every Bitcoin investor is hoping for big profits. That's why we all, as investors, speculate about the price already. Like you said, no one will, nobody will invest because they want to lose. Yes, you are right, but let's also have in mind that profits are not guaranteed in investment (crypto as a whole), like previously, when Bitcoin was $30k dols, some of us were happy with that little turn up, but suddenly it dropped to where it is now. Although we still believe that Bitcoin will rise again in due season, (that's faith at work), so what I am trying to mean is that always having the mindset of making profits all the time without losing is a selfish idea. Although no one wants to lose, sometimes it is good to lose so that we can all learn some lessons from it.
Risk always comes with returns when we talk about investing, and investing in bitcoin is riskier as it has the potential to bring higher returns. But there is nothing wrong with people being optimistic about their investments, because when investing we need to have firm faith in our choices so as not to make wrong decisions when the market fluctuates. But you're not wrong when you say that it would be selfish if we don't accept losses and just always want to win. We should be optimistic and confident in what we have chosen, but also not be subjective and have no backup plan.