Quote from: oppophonebox00 on Today at 09:27:46 AM

Those who want to hold Bitcoin for the long term must keep a close eye on the crypto market. Whenever you see a dip in Bitcoin price in the crypto market, you will try to buy and hold Bitcoin. But I know that Bitcoin will pump multiple times in the next few years. .Now bin our time and expect to earn multiple times in a few years from now.

You are new to the forum so I understand when you have this mindset and your line of thought. I came from the same background too until I learnt from this forum and got better. With time, you will learn the right approach and even put such knowledge to good use in your Bitcoin buying and holding. Now to set the records straight, our target is to buy Bitcoin and hold, base on our own financial capacity, for long term running into years.

Before getting started, it is better you have a target and plans you are working towards. This target is what will help you in the buying process as well as how you manage your Bitcoin asset after buying or while you are at it. for instance, many of us choose Bitcoin as a means of saving for the future, at least it has proven to be a reliable option for saving than keeping it in the bank to face inflation. Those of us in this category do not necessarily look at the price always because we are working according to budget where certain part of our income are injected into Bitcoin as they come to save for the future. If the price rise so much, that is a huge plus to us and even if it does not rise that much, there is no problems but chances are high that the price will rise over some years as the historic data of Bitcoin has shown. So the objective should be known from the beginning. If you believe in Bitcoin, then you must develop a long term objective for it as that is the best way to maximize the opportunities that Bitcoin offers.

Quote from: Hewlet on Today at 05:22:47 AM

the decision to go for either what you call long term investment which is HODLing or short term investment which I feel you're referring to TRADING depends totally on the individuals choice and experience.

If we dwell so much in trading, we might make the discussion here appear like trading is an option for discussion here. I think we leave trading for the right section of the forum or the topics that addresses them and approach this thread with the caption it carries which is buying and HODLing. People already know how risky trading is so anyone going into it should be prepared to bear the risk.