Quote from: Obim34 on January 15, 2024, 03:42:30 PM

Quote from: michellee on January 15, 2024, 02:42:18 PM

I don't care about short-term profits because I aim for short-term profits. If people experienced times in 2013 when the price of Bitcoin was still very low and rose very high in 2017, that would make them hold onto their Bitcoin again. They will aim for long-term profits.

If they invest in Bitcoin because of the ETF approval, they will probably sell Bitcoin when the price is over $60k but short of $100k. That has provided huge benefits for them. But they will regret selling too quickly when the price of Bitcoin could exceed $100k.

But that's okay because at least each investor already has a plan. They will continue to carry out their plan to get the biggest profit from investing in Bitcoin. Hopefully, we can still be patient waiting for the price to reach its new ATH above $100k so that the waiting time we are doing now can make us satisfied with the profits.

I feel lost on what you saying, you clearly stated you very into short term profit " I don't care about short-term profits because I aim for short-term profits" and you also said "If people experienced times in 2013 when the price of Bitcoin was still very low and rose very high in 2017, that would make them hold onto their Bitcoin again. They will aim for long-term profits." you clearly stated both options which you choose for the short term but fully admitted the fact that long term investment gives better profits so why then would you still choose selling after a successive increase in price, not trying to convince tho, but our decisions should aswell be solid cos our main reason of investing in Bitcoin is to yield good profits and the long term investment can be the right choice.

Oh, sorry, I wrote it wrong so it confused you. What I mean is that I don't care about short-term profits but I aim for long-term profits. Maybe it was because I was sleepy and didn't check what I wrote. Once again, I'm sorry.

They will want to hold their Bitcoin to get bigger profits after seeing what happened from 2013 to 2017. They will wait until the price increases to be very high before they sell it. That is an example because I am sure each investor will have short and long-term plans.

But I say again, I don't want to take short-term profits. I still hope to get long-term profits so I still hold the Bitcoin to sell later at the highest price. And I have also edited my post so that there is no misunderstanding. Once again, forgive me if I confused you. I wrote it wrong so forgive me.