Quote from: justdimin on December 29, 2023, 08:20:03 PM

Quote from: khiholangkang on December 28, 2023, 01:06:36 PM

This means that indirectly in terms of investor response depends on how long he invests in bitcoin, because based on experience, the average person who is new to investing in bitcoin and gambling in the bitcoin cycle section will feel bored with the fairly stagnant bitcoin movement, but especially if those who buy in bitcoin at the top price, it will be more consider bitcoin as a ponzi scheme.

Meanwhile, people who have invested for a long time in bitcoin will be calmer and wait for their target to be reached, even though today the purchase price is much higher than the current movement. But if it's me, I feel calmer because I also invested in bitcoin for a long time.

I think it should be quite clear that we are going to end up making some decent profit one way or another if we just wait, and not a lot of people have the same patience as us, so they try to get out as soon as they see a little drop in price which is just a correction and nothing more.

Long term investors just ignore the daily price to be fair, the only price that we care about is when we are going to sell, and I do not even care about when I buy, because I buy whenever I have some money to buy bitcoin, I do not look at the price and decide when I should buy, I just buy it whenever I want to, but eventually I do end up with selling, or at least one day I will sell and that's when I will care about the price, but not for anytime soon.

I don't think it's that simple sir, because everyone must have a selling price that they expect for the amount of ROI they calculate from someone's purchase area, especially people who buy Bitcoin using only a few transactions. Unlike people who collect every week or month, they don't care about their daily purchase price at that time.

But in my opinion, caring about the purchase price is something that should be done, even though it uses the DCA strategy in its purchase, for example I myself collect bitcoin at bearish phase prices in 20023, and I think this includes that I care about my purchase price, it's just based on the bearish price phase. and 2024 later I have also considered that I will not make many bitcoin purchases because the price of bitcoin must have been in the bullrun phase price. but if for investment levels of 10 years or more, paying attention to daily prices or this year is not important in my opinion, because surely bitcoin will continue to increase over time.

Smart investors have a target range of expectations, not just following trends in price movements and outsider speculation, for example they buy in the $20k area and will sell it when bitcoin is $100k, not just talking about what is important to be able to profit so that the value of money does not depreciate but really must have a calculation in the investment path.