Quote from: liuka on December 01, 2023, 07:45:25 PM

Quote from: Mayor of ogba on December 01, 2023, 06:50:06 AM

Quote from: JoyMarsha on November 30, 2023, 10:59:12 PM

Quote from: Publictalk792 on November 29, 2023, 03:23:00 AM

Basically Bitcoin needs plan. And in my point of view anyone has Bitcoin or he is buying with DCA method so I think he should never sell all the Bitcoins at once. He always hold some amount of Bitcoins. And if anyone will believe on Bitcoin and will Hold for 4-10 years or even more so definitely Bitcoin will give benifits of his/her believing.

It's not a guarantee that hodling bitcoin for years will prevent its price from falling to a point where it's affordable to purchase during a bear market since the bear market serves as an opportunity to buy Bitcoin at a low price.

I agree with you that holding Bitcoin for years will not prevent the price of Bitcoin from not falling, but hodling Bitcoin for years will play an important role in your Bitcoin hodling because there will be a time when Bitcoin price will never fall below $50k, and if you are still hodling your Bitcoin till that time you will not have to buy Bitcoin on a high price. But if you sell your Bitcoin before that time and you want to buy it again, you will have to spend a good fortune before you can accumulate a reasonable quantity of Bitcoin because the price of Bitcoin will be excessively high.

Buying is quite easy by just pressing the buy button but to hold in the long term requires patience and that is why an investor who can hold in the long term is the winner in the end. Buying all at once or holding it for a long time is something that must be within ourselves, how we must ward off fud, worry in our minds. And also be able to look for loopholes to be able to survive in declining market conditions and many negative factors as happened last year.
Beginners must study as well as possible in preparing themselves to become true holders and all strategies should be the best that can be used to start investing in Bitcoin. Beginners can learn a lot about bitcoin and learn better ways to invest such as using DCA.
Sometimes opinions differ on how they buy in accumulating Bitcoin but that is not a big problem because in one hope we all target buying in dips and holding it in the long term.

Of a truth patience matters in the life of an investor. As an investor, buying is not the problem but the ability to hold for a long term as planed that matters irrespective of the market down trend. Some investors can not be able to sustain that patience most times when the fud is on. They feel they would lose or miss out. So in other not to miss out they sell in Panic without holding onto their initial plans.
Indeed a winner in the Crypto market is one who can buy and hold for a long time irrespective of the market trend and irregularities attached, they never give up their plans to holding for a long time till their target is met.