Quote from: jrrsparkles on Today at 07:06:02 AM

Quote from: Bananington on Today at 05:08:23 AM

Quote from: Litzki1990 on Today at 03:37:38 AM

The prerequisite for investing and holding it for long is to first build courage in your mind and develop the mentality to take maximum risk in the right place. When you have courage in your mind and inclination to take risks, you can invest and hold it for a long time.

Keep your investment for long term and set yourself a goal I tell you your investment will never let you down but will give you better than your expectations.

While you make a plan to hold and be able to get more bitcoins for yourself, many obstacles will come along the way to make sure that your target is missed. As you plan, make room for flexibility when necessary, so if your plans go sideways, or is being wrecked by challenges, you will only be bothered by change in plans, not a change in goals that you have set for your investment. Changing the plan happens, but changing the goal of investment should not happen except it is to set a higher goal.

The financial foals should be parted into two, short-term and long-term goal then only it is possible to achieve them one by one but most of the retail investors including crypto community set their goals longer but they miss to see the obstacles in the near future such as sudden changes in the market which will make them to panic and make wrong choices which will go against what they planned initially.

Yeah, but we are not talking about crypto here. Fuck crypto. We are talking about bitcoin in this thread, and quite a few of the long term principles fit with bitcoin, but if you try to apply the same principles to some vague bullshit ideas and who the hell knows what you are even talking about if you use the term "crypto?"

If you meant to say "bitcoin" then why didn't you in order that we can at least know what you are posting about? Are you posting about bitcoin or something else? You did not use the word bitcoin at any one point in your post.

Quote from: jrrsparkles on Today at 02:20:17 PM

Quote from: Roseline492 on Today at 09:08:48 AM

Quote from: jrrsparkles on Today at 07:06:02 AM

The financial foals should be parted into two, short-term and long-term goal then only it is possible to achieve them one by one but most of the retail investors including crypto community set their goals longer but they miss to see the obstacles in the near future such as sudden changes in the market which will make them to panic and make wrong choices which will go against what they planned initially.

I think I will disagree with you on this becausen in as much as our financial goal on investment is making profits but considering a short-term investment as a back up investment is not ideal for me.

From your statement you mention the obstacle or challenges for long time holding is a sudden change on market, perhaps you are misunderstanding short-term to long term holding because there is know way you could be affected by a sudden market movement when you are holding for long.

Well it depends on your definition of short-term investment because as an investor the only way to be at peace and free from price panicking is by holding for a long time because achieving anything on short-term investment on Bitcoin is like a gambling but if you hold you will likely see the benefits.

I told in terms of a broader perspective not just for the crypto and its important to note that I am saying it for the retail investors.

This is a fair clarification in terms of some kinds of investment principles and practices are going to be generally applicable across all forms of investing... There still are needs to distinguish between timelines, which you seem to be pointing out... and so there might be some kinds of investments that people make that have very short timelines, and so the shorter the timeline, then maybe the distinction between investing and trading (even gambling) will become blurred if people are getting in and out of some of their investments because they consider them as short term plays.

Quote from: jrrsparkles on Today at 02:20:17 PM

I guess if you are talking about Bitcoin alone

The thread is a bitcoin thread. so that should be the focus, even though surely it is fair to sometimes make some comparisons and contrasts in order to make points or even to try to weigh differences, so long as we do not get too distracted into pumping shitcoins or speaking in such vagaries that some of us might not know what is being discussed, which is one of the problems of just throwing out nonsense terms like "crypto" in a thread like this.

Quote from: jrrsparkles on Today at 02:20:17 PM

and long-term holding with no near future commitments then it will work but the chances of being as a small-scale investor is tough that is why allocating funds for long-term as well as short-term will give more returns than simply long term holding.

The underlying theme of this thread is long term, so sure it might be fair to suggest that there might be better ways to make profits rather than just holding for the long-term, but then those kinds of deviations are likely going to cause us to deviate from the topic of the thread and devolve into ideas of trading and gambling, which seems to be a pretty damned slippery slope, and many of us already realize that trading and gambling is not really something that beginners (or even experienced investors) should be doing because besides taking us off topic, it is not easy to develop those kinds of more advance skills rather than focusing on more basic accumulation and holding skills.