Quote from: Popkon6 on Today at 03:03:17 AM

Quote from: Salahmu on October 09, 2023, 11:29:15 AM

Quote from: Wind_FURY on October 09, 2023, 08:49:18 AM

I'm not talking/asking about HODLing or investing. I'm asking for everyone's opinions about Bitcoin during a recession environment.

Yeah actually as I always mention on my previous comments, my opinion about the impact of economic recession on Bitcoin is always a likelihood of price increment, however when we talk about recession is actually a situation when there is a decline on economic growth as such resulting to lack of activities, so in this case most people will be looking for an alternative to invest there valuables as such seeing Bitcoin as the only way to invest there money knowing how reliable Bitcoin is and with the hope of making profits in the future, so in this case everybody will channel all there funds investing on Bitcoin as such creating a higher demand on Bitcoin which propels the value of Bitcoin, so recession doesn't affect Bitcoin but instead it will increase the demand and making the price to increase.

If you are referring to the price of bitcoin going up or down then I would say it has nothing to do with the price of bitcoin going up or down. Especially if you want to invest in Bitcoin for the long term, you can invest at any time. Because long-term investing in bitcoin futures is to invest according to the weekly or monthly DCA strategy. It is completely wrong to decide to sell your Bitcoin portfolio when you see a small gain whenever you think about the price. Because DCA strategy is to save small amounts for long term savings.

The main goal is not to sell, the main goal is to hold investments.

You have said it as it should be. Those that sell when they see small profits are just scalpers or day traders; they are those that worry about the price. They may have their own strategy of buying to be able to sell for a profit but I find it too risky and more or less gambling since most of them easily feel worried when the profit is not coming as fast as they expected.

Another problem with the short time buy and sell is that those who engage rarely grow their capital significantly because most of the time, they miss the bigger moves. This is why I do not really consider this method safe for me. Take for example, if Bitcoin move from the price it is now, $27,600, and move upward, the short term traders who bought maybe at price of $30,000 will likely sell when price reaches $32,000 -$35,000. If the price continues further to $40,000 and beyond, they would miss the entire move. They will continue to wait again until they see some dips which we are not sure will happen below $40,000 again as price can move as high as $50,000 before retracing to like $45,000. I am just trying to give a example of how they can miss the major moves.

But with DCA method, no chance to miss any opportunity as there is the confidence that the overall portfolio will grow both in Bitcoin and in dollar value. This will take time to build something huge but it is a reliable way to build for the future.