Quote from: Bd officer on Today at 03:05:21 PM

Quote from: Patrol69 on Today at 01:55:45 PM

If you invest long term but avoid Bitcoin then I would say your investment is incomplete. Bitcoin must be preferred as an investment platform if you are thinking of long-term investment. Outside of Bitcoin I don't see any coin that can be invested in for a long time. Bitcoin has always been the best coin to invest in for as long as I have known about investing.

I have been investing in long term plans for a long time and my investment platform is Bitcoin. I held my investment as well as purchased bitcoins in several steps. I bought some bitcoins when the price of bitcoin was $22K, then I bought some bitcoins when the price of bitcoins came to $25K, then I bought some bitcoins at $28K, and then I bought some at $35K.

That is, even though the price of Bitcoin has changed in these few months, I have invested in Bitcoin regularly. The reason I invest in Bitcoin during these periods of Bitcoin price volatility is to hold my investment for the long term. The price of Bitcoin is now around $45K and I have not stopped my investment at all at this point but I will be buying several more Bitcoins in a few days.
Many may dissuade me not to invest at this time but I will invest at this time because I have faith in the market and my investment is in long term plan.

Actually investing in bitcoins should be done like you do. Maybe there are many people who bought Bitcoin when it was $25-30k, maybe they sold Bitcoin in this short bull market and maybe they hope to buy Bitcoin again when the market goes down. Those who think like this should keep in mind that Bitcoin prices may not go down any further.

I had a friend who bought bitcoin when it was 27k. But he came to me for advice to sell after seeing bitcoin price at $44k, I told him to hold for another 1-2 years. But he didn't listen to me and finally sold the bitcoins, he will wait again when the price of bitcoins goes down and buy again.

Those who couldn't handle the greed sold Bitcoin in this short bull market. Those who cannot control their greed in this small bull market will not be able to make much profit. At this time Bitcoin should be held patiently without selling. Bitcoin halving next year, we all know after bitcoin halving bitcoin price goes up a lot. So do not sell bitcoins and hold them at this time.

Yep.. very problematic mindset, and also we have a decently large history of those kinds of guys who end up bitter as fuck about bitcoin because they end up not getting as much DOWNity as they thought that they were going to get in order to buy back in, and then they end up waiting, waiting and waiting, and sure some of them might end up buying back in, instead of being bitter, but many times, they just don't have a proper kind of perspective to appreciate the power of the investment that they are in.

Accordingly, I frequently say people can do whatever they want, but at the same time, it is likely way better to not even thinking about playing around with selling until you get to a decently large (and perhaps even too much of a) BTC accumulation level..and even if many of us talk about various guidelines for when that might be or how much that might be, it is up to each of us to figure out those kinds of balances regarding how much is enough and how much is too much... and try NOT to get greedy in these kinds of calculations with the realization that any BTC that you sell may well end up never being able to be bought back, so keep in mind that any amount that you sell may well end up depleting your BTC portfolio size and be willing to accept that as a consequence of selling and taking the chances that the BTC price may well not go down from the point of the sale.