Quote from: Kwarkam on Today at 10:45:04 AM

Quote from: Chibit01 on Today at 10:36:03 AM

Quote from: I_Anime on Today at 10:08:11 AM

Quote from: Bloodseekers on Today at 09:24:43 AM

Quote from: Onyeeze on March 22, 2024, 09:16:12 PM

for Bitcoin holding and the long-term investment it is actually occur by Plan and if you don't have that mentality of long-term holding your Bitcoin to will not be opportunity to make such profit that you are anticipating for that is why a good investor at first scrutinize the market structure before the person goes into investment to know if the market will be productive for each self any investor of Bitcoin always calculate very well knowing that there is two things that is involved in long term investment especially when you are holding your Bitcoin for each to appreciate you before you sell and they make a profit.

For those who want to collect Bitcoin and survive for the long term, of course they must be able to have planning and capital that will not be used for needs in the near future, because when someone is forced to invest with the capital they have, they will not be able to survive for long and must sell at a loss and for investors who hold for a long period of time of course they must make thorough preparations to be able to hold for a long period of time to be able to look forward to profits from holding Bitcoin.

Yeah , when come to investing (long-term investment) we wil have to plan ahead to able to secure a smooth investment. For instance one is not advice to always go in at once when accumulating bitcoin, but rather use certain percentage of your earnings in order to keep up with your regular life style when investing in bitcoin. For instance you can use %10 of your earnings in accumulating using one of the common strategy which is DCAing, And focus the other percentage in your emergency funds and reserved funds. Because if one lack such manner of accumulation ( expecial those that not too financially stable). You may endup not being successful with his bitcoin investment.

Is it always profitable to hodl (hold) Bitcoin
While Bitcoin has experienced significant growth over the years, it's important to remember that the cryptocurrency market can be highly volatile. This means that the value of Bitcoin can fluctuate quite a bit in a short period.

HODLing (holding) Bitcoin can be a long-term investment strategy for many people, especially if they believe in its potential for future growth. However, it's crucial to consider your own financial goals, risk tolerance, and market conditions before making any investment decisions.

It's also worth noting that past performance is not indicative of future results, and the cryptocurrency market can be unpredictable. It's always a good idea to do your own research, stay informed about market trends, and consider seeking advice from a financial professional.

Firstly, HODLing is a superb strategy if you want to get the best out of Bitcoin. With that in mind, you have to know what kind of investor you are, based on your objectives, priorities and purpose.
Why are you doing Bitcoin?
HODLing Bitcoin is unquestionable for a person using btc as retirement plan, and when we're talking about HODLing being profitable, it's not shitcoins we're referring to. Even as you said that the cryptocurrency market is unpredictable, still you CANNOT compare btc's performance over the years to shitcoins, and the future promises too.
If you intend to be a trader, bull runs are when you sell, traders panic at dips, HODLers accumulate during that period, what kind of investor you are just depends on how big of the picture you see.

Comrade Someone once asked one Warren Buffet, when is the ideal time to sell off your investments. He replied, never.

A solid investment that is good enough to buy today is good enough to keep forever.

Bitcoin collection can yeild high returns, however, that's not how we should be approaching the whole hodling strategy.

I have been associated with traders for more than 12 years, and one things this has taught me is to go for the subject and not for the trade. Bitcoin collection has innumerable subjects across the world based on location and period of coins.

My first suggestions is to have a thorough understanding of a subject before stepping into collecting coins. For e.g. Bitcoins is one of the very popular subject among collectors and has made coin collecting one of the main stream business across the globe. This further has sub categories which can be traced to multiple
Cryptocurrency established across the world.

My approach to bitcoin collecting is choosing a subject which interests you, firstly, and also has a good historical importance. Once you have that, focus on how you should approach collecting your coins. Any coins is special in it's own way and has it's one piece of history. Investing in the history is what I always recommend. And for an investment outlook, always set your targets and plan trade around the targets.

I don't know if you understand at all comrades