Quote from: eightdots on Today at 08:21:56 PM

Quote from: OgNasty on Today at 06:34:52 PM

Guessing what the price will do one week to another isn’t the greatest investment strategy. It will usually result in selling at a loss or selling and missing out on huge gains to make short term profits. I’d advise those considering a Bitcoin investment to look at Bitcoin in 4 year cycles, not week to week.

This should be exactly the look we should look at for Bitcoin investment. You won't get anywhere with the gains that can be made with short-term strategies. Although these strategies will bring you profit, they will be very little compared to the return you will get in the long run. Of course, you also have a situation where you can't make a profit. If you are thinking of making a profit with short-term investments, but things do not go well, you will make a mistake and ultimately lose because you do not think about investing in Bitcoin in the long term.

I think the message given here is very clear and explanatory. I agree with the recommendation to look at Bitcoin in 4-year cycles, not week to week.

Taking profit in the short term isn't the best because it depends at what price that you bought and how you understand bitcoin market movement with patience. One can buy now at 25k+ and thinks that the price will increase to 27k+ so that he can sell and make profit. It the price goes downward to 23k+ and that investor doesnt have patient for a rise in price or don't understand that the prices are only for short term, he might sell at loss due to FOMO. That is why long term hodlers don't bother about bitcoin price movement but they are patiently waiting to see the bull market. Short term investment is a bad strategy in bitcoin investment,because it is 50-50.