Quote from: Sayeds56 on Today at 04:23:54 AM

Quote from: Frankolala on October 03, 2023, 10:37:22 PM

Past records shouldn't be what we are using as facts, but it is there to give us an insight of what might likely happen and not a gaurantee. This is why you don't need to bother about which month does bitcoin price go up or down when we are trying to grow our bitcoin portfolio, when you are not planning to sell your coins, because if you keep looking at what month it will be, you might be tempted to sell some and take little profit, if history says that the next month the price of bitcoin will go down. This will completely kill your plans toward your bitcoin base on wrong decisions made at the wrong time. If you are planning not to sell, then the price movement should bother you but to make you strong on hodli.

Your strategy to emphasize on buy and hold for long term when it comes to Bitcoin and ignore short term noise is generally considered a sound and effective approach. However, it is also important to remain patient and refrain from monitoring daily market prices and charts. Continuously observing these fluctuations can lead to emotional stress and may tempt us to make impulsive decision that deviate from long term financial goals.

You should agrre with me that everything that has an advantage also has its disadvantages, we cannot stop from embracing daily speculations on bitcoin market because that's one of the quality that shows we are traders or investors, but we should apply caution not to get fully carried away with the illusion from what we do and get the wrong result, we can also as well work by the past history on bitcoin, compare each season from you each other, work inline with them and creates time to also develope our own personal foresights through the research we make, which is not the reason why we should depend on single entry to get our best results when making an investment, there are times we have to be dynamic and makes it appears more of diversification in techniques used to achieve the maximum result.