Quote from: Agbamoni on Today at 10:11:21 AM

Quote from: Richbased on Today at 08:33:09 AM

Quote from: Sim_card on November 28, 2023, 10:37:48 PM

Selling and taking profit during the bull run is not ideal because after selling, you might not be able to buy back at the price that you bought before and this will make you have less bitcoin that the initial amount that you had before selling. Meaning that you don't have a bitcoin target and you are not focus on accumulating bitcoin on a long term investment. Another reason why this strategy is not the best is that you will miss out the compounding interest that your bitcoin investment will accumulate for you if you only keep on accumulating till 10yrs time or more. Try and see your bitcoin investment as your life savings and not for profit alone because nobody knows if at the long run it is your bitcoin investment will be the one to take your to the next level in future because there is high possibility that bitcoin price might keep on increasing with timeline. It is better to save for the future than saving to sell and take profit and buy back again. All bitcoin sold can not be bought back easily because of the change in price towards the upside. It is also a bad idea to sell all your bitcoin investment and hold fiat. What is things didn't work out as you planned it after selling, that is when you will regret your action.

I don't agree to your assertion that it's not ideal to take off profits within the bull run like what's the essence of investing? Isn't it to make profits? So in a situation whereby an investor have achieved his major aim of investing which is to make profits so after selling off his bitcoins the next for him to do is to pause investing for sometime until the price begins to dip then he can start buying and holdling again till he aquires a reasonable amount or better still he apply the DCA till the price skyrockets again so that's what an experienced investor does.

What you should understand @Richbased is that the topic has no word of sell. The ideal investment approach hear is to buy the dip and hodl. You can agree with me that the best way to have a fruitful investment in Bitcoin is when you buy and continue to buy more. Taking the advantage of people who wants to sell. We don't talk about selling because selling means holding fiat that could lose value. The odds of selling your Bitcoin aren't good. However, there are various reasons why people invest in Bitcoin that can lead them to some decisions they will make in the future especially when the Bull run comes. I got into Bitcoin with the intention of running away from FIAT so why would i go back into the FIAT market again.

Quote from: Richbased on Today at 08:33:09 AM

Quote from: Sim_card on November 28, 2023, 10:37:48 PM

Selling and taking profit during the bull run is not ideal because after selling, you might not be able to buy back at the price that you bought before and this will make you have less bitcoin that the initial amount that you had before selling. Meaning that you don't have a bitcoin target and you are not focus on accumulating bitcoin on a long term investment. Another reason why this strategy is not the best is that you will miss out the compounding interest that your bitcoin investment will accumulate for you if you only keep on accumulating till 10yrs time or more. Try and see your bitcoin investment as your life savings and not for profit alone because nobody knows if at the long run it is your bitcoin investment will be the one to take your to the next level in future because there is high possibility that bitcoin price might keep on increasing with timeline. It is better to save for the future than saving to sell and take profit and buy back again. All bitcoin sold can not be bought back easily because of the change in price towards the upside. It is also a bad idea to sell all your bitcoin investment and hold fiat. What is things didn't work out as you planned it after selling, that is when you will regret your action.

In trading, making profits is not guaranteed all the time so accumulating for a very long period like 10 years as you stated may not really be an obtainable idea as the future is unpredictable no one knows how the fate of the coin might turn out due to some uncertainty that surrounds the stock market. Making accumulation for a very long period of time might even lead to losses because in the quest of hoping that the price will skyrocket then it suddenly starts dipping so it's really not ideal to accumulate for too long as no one can speculate or predict what it's future holds.

There is no point bringing in the ~~stock market~~ into our discussion. This is entirely Bitcoin discussion, fuck the ~~stock market~~ it is centralised and still been controlled by the companies. ~~Stock exchanges~~, brokers and companies are all heavily regulated through various government agencies. And it should not be a topic of discussion. Funny how you mix things up, trading and ~~stock~~

Sorry the stock was a keyboard error as I wanted to type coin market rather so pardon me on that as all my interest and concentration are geared towards Bitcoin, definitely fuck stock market and stock exchanges as they all all controlled by fiat of which Bitcoin has come to counter fiat.

Quote from: Agbamoni on Today at 10:11:21 AM

However, accumulating and holding Bitcoin for a very long time, for a decade or two is pretty one of the best ways to into Bitcoin. The potential of Bitcoin can be seen only when you hold for long. Short term holders will only get a quick gain and be happy. But there are more in the future that Bitcoin can give, even more than we expected. I just feel so.

I still stand on the ground that when an investor has recorded some reasonable amount of profits then he can sell some of his bitcoins but not necessarily that he must sell all of it because despite the volatility of bitcoins I still believe that it's future is unpredictable as everything we all are saying are mere speculations. So instead of hodling Bitcoin after recording some profits is rather one sell it off and invest on other alternative assets that will yield good profit in the future rather than stagnating the coins in a personal wallet of which it will be of no value if it isn't exchanged or used to perform monetary transactions. A good investor doesn't depends all his earnings on a single project as it requires versatility in other to record obtainable results.