Quote from: Patrol69 on Today at 03:34:47 PM

Quote from: Tmoonz on Today at 02:26:23 AM

Always having the concept of the thread in mind which is learning various strategies of accumulating Bitcoin for longer time will maximize best understanding, of which having an emergency fund is a key factor that should be infact be prioritize because it does not only help an investor to hold on to his investment it also help from not borrowing in an emergency which at most time attract interest fee at payback time. Bitcoin is in it's journey to the permanent cite it's limited in nature makes it very unique, is a store of value and wealthy. Bitcoin investment is a long time investment that any one venturing in to it should know in other to obtain what should be obtainable. Having an emergency fund will definitely make an investor hold more longer than planned. Hold as long as you can.

Bitcoin is a digital currency but we use this digital currency in different ways. As Bitcoin is used for trading, Bitcoin is used for short-term or long-term investment. You said bitcoin is only a long term investment coin but it depends on the investor whether he invests this coin in long term plan or he invests in short term plan. I think you may consider Bitcoin as an investment platform for long-term planning, but there are many investors who invest and sell their investments within a few days and invest again. The sustainability of the investment will mainly depend on what is the objective of an investor, how he plans his investment. If a different investor is less patient, it is difficult for him to hold the investment for long. Again if the investor is satisfied with a small amount of clubs then that person will not be able to hold his investment for a long time. The investor who can take the maximum risk in the investment, the amount of profit or the amount of loss after investing cannot affect the investor, that investor can basically hold his investment for a long time.

Investing is an art and the person who holds his investment for a long time is the master of that art.

Quote from: Miles2006 on Today at 09:15:03 AM

I understand your point sir, the aggressive situation when dealing with bitcoin investment for beginners is not advisable and if focusing on buying only and forgetting to learn at that early stage the person might end up with another story, sometimes newbies focus more on buying aggressively cause of the profit and wanting to reach their target, although it's best for everyone to have a target when investing but not without the investment knowledge, for example when I bought my first coin I started with just a little amount and as times goes each week I keep increasing gradually.
In terms of learning about investment this forum is the best place to learn about bitcoin and investing just like I have benefited more from other members in the forum concerning investing.

Humans do everything first. First in life we learned to hold a pen but there is a considerable difference between holding a pen for the first time and holding a pen now, first joining a job and still doing that job but there is a significant difference between the first day and now. If you are new to any work, but in a new situation, you should not be afraid today. If a new investor puts fear in his mind in a new situation, then this fear will remain in his whole life, so there is no need to invest with fear, I prefer to invest aggressively with courage in my mind. If someone new to investment sees this and instills such fear in his mind that investment is very difficult and should be invested very carefully, then this fear will remain in his mind for the rest of his life. On the contrary, if you give the investor such courage that you will definitely succeed in your investment, then the investor will have a lot of confidence at the beginning of the investment and can invest with a lot of enthusiasm.

I have noticed that if an investment is over-thought then the investment backfires so the decision to invest quickly without over-thinking is the right decision.

Quote from: Justbillywitt on Today at 01:45:03 PM

Well I think every investors has a set goals/objectives of what they want to achieve and when such goals is achieve they tends to pull out part of their investments and set another goal. So taking profit is not wrong from my own perspective, provided you have attained what you are looking for. Just look at it like taking profit and waiting for another opportunity to enter again and start another goal that you have set for yourself. It could be that those investors have been holding for a long time and they have been in massive profit. The reward for investment is profit right?

It is up to you for what purpose you are investing and for what purpose you will keep your investment for long time but if you ask me why I invest and why I keep investing then of course I will say I invest for profit. You may not find investors who are investing for loss rather than investing for profit. I think the main objective of investment is to make profit. Although the strategy is different, everyone invests with the objective of possibly making a profit, investing for the purpose of making a profit, and holding on to their investments for a long period of time, knowing that losses may occur. Those who invest for a long time usually do not wait for an opportunity to sell their investment once they have made a profit and invest again but once they invest they will increase the amount of investment but they will not sell the investment. You can consider traders who buy and sell investments.

@ patrol69 apparently I think you are deviating from the concept of this thread Which is mainly discussing the various strategies for accumulating Bitcoin for long time, you are even mentioning a short time investment and trading i think that doesn't belong to this thread, if am wrong someone should let me know.
Investing in bitcoin for short time are know or see as trading Which is more like gambling, but you can accumulate and hold through the different strategies, which includes the lump sum, the DCA and also buying when there is a dip.
It is a certainty that every investment comes with it's shares of risk (gain or loss) it is said to hold for long time so that if there was a loss in the process it can be recovered late.