Quote from: Publictalk792 on Today at 07:00:31 AM

Quote from: Odohu on December 28, 2023, 05:49:51 PM

Time and profits the key words that dominated your submission are for those not planning to hold for long and that is at variance with the title of the thread. The thread is more of building a Bitcoin portfolio and the various suggestions and discussion are focused on effective ways of doing this.

To realise quick profit in Bitcoin, one can be so lucky to buy today and the next day the price rise giving unimaginable profits. The reverse can also be the case and the result could be a huge loss. In reality, this is pure gambling which can be avoided by simply adopting the long term perspective.

I still feel that long term approach give bigger profits in addition to less stress. Those bought Bitcoin early part of the year and refused to sell might have seen good profits now far more than those who sold when the bull run started. Those they will hold into next year following the halving might even see more.

It is true that trying to make quick money by predicting the market can be dangerous and similar to gambling. But if you look at Bitcoin in the long run investors might be able to gain from its overall growth and stability over time.

Exactly you are right people who bought Bitcoin earlier this year and kept it have probably made a lot of money compared to those who sold it when the price went up recently. Also there is halving event that will going to happen soon and that could make the price of Bitcoin go up even more in the future.

Investors should think carefully about what they want to achieve with their money and how much risk they can afford with before deciding what to do with Bitcoin. It might be tempting to try and make quick money but thinking about the long-term can be a better way to make more money and feel less worried.

As an intending investor in bitcoin, you would considered the risk factor before having the mindset of investing in bitcoin, bitcoin is a very sensitive investment that needs careful minds to scrutinize before the actual event, some people mistake bitcoin for another stuff that's why most people are not getting want they want in bitcoin, when you invest, just know that there are two things ahead either to withdraw or to continue which I know that know one will stop you from doing that, this is the reason why I always preach about individuals investing with what they have, don't borrow to entice anyone here or to make people believe that you can do it, just work with what you can afford to control and hold if you can.