Quote from: pinggoki on Today at 09:05:05 AM

Quote from: JayJuanGee on December 07, 2023, 06:34:13 PM

Sure if you have long term investment ideas, then you would likely not be selling any of your bitcoin now, but I doubt that the reason would merely be because you expect profits to be guaranteed in the future, but instead that you had made your investment into bitcoin based on a long term investment thesis and you are not merely thinking about short term profits.

That's a decent thesis to follow, a lot of people have regretted not getting into bitcoin and they're not really that into missing out again if they can help it, plus it's the easiest thesis to follow when it comes to bitcoin investing, all you need is patience to wait for your bitcoin price to come and then buy again when the price starts going down and setting another goal.

As a new member who is very interested in bitcoin and want to know about bitcoin I think he should help all new members with various information about bitcoin. Many people want to know what I do, how I earn money or where I invest, but I don't tell everyone about my affairs. Among the people who try to learn about these things from me, I prefer those members who can learn how to invest on their own without worrying too much about what others have done. If I tell some people about my investment relationship they may cause me danger or at other times they may harm me so I will give maximum help to him who will only focus on his work and will be very curious to know.

I think if through me someone can get a good idea about bitcoin and investing and they can use that idea to invest in bitcoin and keep that investment for a long time then that is a big achievement for me. Maybe I will not take the share of his profit if he invests but when he invests for a long time and remembers me when he profits, there is my value.

Quote from: pinggoki on Today at 09:05:05 AM

Quote from: JayJuanGee on December 07, 2023, 06:34:13 PM

On the other hand, if you come into bitcoin and you do not have solid ideas for what might be your investment thesis, and you might not even know why you like bitcoin except for thinking that it could make you some money, then you likely would be more inclined to sell at various points along the way, and you might not really realize that you could sell in increments, but instead you think about either being in or out, and so it could look very attractive to get 40% to 60% profits in less than a couple of months.

Totally agree, not knowing where you stand in something will ultimately be your downfall and in the case of bitcoin investment, neutral or indecisive stance will lead to losses and discouragement from investing in something ever again. If you don't like complications, just follow the first investing thesis since you don't have to work too much in terms of analysis there but do what works best for you.

A person made a profit by investing in Bitcoin and after hearing his profit we got encouraged to invest in Bitcoin but after investing in Bitcoin I saw some loss in the initial stage so we are completely wrong to think that we can never make a profit. Market is now showing loss on your investment, after few days you will see profit. Profits and losses are a very normal thing when investing. If an investor gets too excited due to either a small gain or a small loss, it is difficult for him to hold the investment. I don't think an investor investing in Bitcoin needs to check the market repeatedly or check his wallet. The more we check the wallet or watch the market after investing, the more difficult it is for us to hold the investment, the better way is to invest in Bitcoin and forget about our investment for a long time.

Quote from: Mayor of ogba on Today at 03:50:03 PM

Buying back Bitcoin after you sell it, will be expensive and you will be on less profits compared to the person holding Bitcoin for the long term. For instance, you accumulated 0.01 BTC when Bitcoin was at $25k and you sold now that Bitcoin is at $43k, taking a profit of $180. If you want to accumulate that same amount of 0.01 BTC it will cost you more money because Bitcoin has reached where it will keep an up trend in price, and your patience will not allow you to wait for Bitcoin to dip before you can buy again, since Bitcoin is rising in price.

Today I have one thing to check for those who have sold their bitcoins instead of holding them. Those of you who regularly sell bitcoins will check your wallet to see how much the amount you transferred is now showing in btc. If you transfer 100 dollars during 25 thousand dollars then at this time that transfer will show like 170 to 180 dollars then your profit from selling bitcoin is loss. That is, those who sold only their own Bitcoins at that time realized that they had received relatively little local currency by selling a large amount of BTC. Not only has it happened in the past, but it will happen in the future as well, maybe even without investing in Bitcoin. We will sell and in future we will see that we were stupid so it is better to practice investing now rather than being stupid. If you have the habit of investing, the profit will be yours.