Quote from: Aanuoluwatofunmi on November 29, 2023, 01:27:53 PM

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.

Even that said time you would have entered the market could be a late one to other investors because they would have done theirs along time ago, there's a need for us to understand that bitcoin can always serve us the opportunity of an invest each time we think we are ready to invest as long as there's going to be enough time to hold, investing and selling after taking your profit is not a bad idea, as long as you're going to reinvest on bitcoin, what may be also required is for another season of holding, that's why you can enter the market at any time provided that you're willing and able to hodl.

It's never too late to invest in long-term investment because your plan is long-term, so you can plan to invest in bitcoins for a long time whenever you want. Holding your investment for a long time means that small changes in the market in a short period of time will not affect you at all, but large changes in the market over a long period of time will affect you. One must hold one's investment for a long period of time for major market swings.

Bought Bitcoin to sell but not when. When you sell your investment then that investment cannot be called a long term investment at all. Long-term investing is not the case that after a few days of investing, the value of your invested coins increases and you immediately sell your investment. Instead of thinking about selling the investment, think about how to hold your investment deeply.

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

Meaning that you don't have a bitcoin target and you are not focus on accumulating bitcoin on a long term investment.

For the benefit of those that may not be able to hodl for long, they may engage into making trades on a short range intervals, making an investment should be done at ease and will always be profitable as long as we are not rushing to invest or to sell either, we also can make use of any strategy to make the necessary preparation towards the intended duration we want to go through, just to have the best experience when we hodl.

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If after investing we become restless and worried about our investment due to the volatility of the market, it is difficult for us to hold the investment for a long time. The Bitcoin market is not at all like a stable coin that will stay the same, since the beginning there is volatility in the market and people invest in this platform because of this volatility. There is temporary volatility in the market and if we get overly worried about our investment due to this temporary volatility in the market then frankly long term investment is not for us. Investing for a long time is not easy at all, before investing we may see that the road to invest for a long time is very easy but in reality when we invest we will understand that the road is not easy at all the road is very difficult. There will be many challenges in keeping your investment for a long time and you have to accept those challenges and then reach the goal.

Quote from: FinePoine0 on November 29, 2023, 01:38:37 PM

Quote from: Roseline492 on November 29, 2023, 09:30:40 AM

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

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The main goal of long-term investing in Bitcoin is to accumulate Bitcoins. This DCA method is best for many people who want to deposit bitcoins but fail to deposit. And a lot of people sell bitcoins because of the short bullrun, which is a complete mistake, because if I hold bitcoins, I must hold them for a long time, then I can accumulate more asset.

That's why we need to have enough patience, the fact that the market has increased a little after investing should not be taken too seriously. Whenever we take a small rise in the market seriously, we will be anxious to sell our investment. As our plan is to hold our investment deeply, our aim should be that we must hold our investment for a certain period of time. If you need to meet your needs in some other way, after investing, you have to think that the amount of money that I have invested is not mine and I cannot sell my investment no matter how much money is needed. If we want to hold on to our investment, we must be a little stricter and think like this. Once we invest, we sell that investment again, but we have to start again from the beginning to keep our investment for a long time.