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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.
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.
Here actually the newbies about investing don't face any losses and get the opportunity to buy Dip in the right way. However, since the price of Bitcoin fluctuates up and down, these discussions are very important to strengthen and ultimately sustain the investment for the long term. Holdings should not be short-term compared to the price of Bitcoin, the target should be for several years then the target will be complete. Whenever you compare your long-term holdings with the price of Bitcoin, the lure of money will force you to divest your holdings. This is why I would say that you should never compare your long-term holdings with the price of Bitcoin. My holding will be for 7-10 years only then it is possible to convert to long term holding.