Quote from: GeorgeJohn on April 22, 2024, 10:07:56 PM

Quote from: I_Anime on April 22, 2024, 02:48:40 PM

Quote from: dunfida on April 21, 2024, 07:57:15 PM

It might sound pretty basic but doing it is never been that easy considering that there would really be factors which would really be affecting your decision. Buying and holding Bitcoin? Aiming for long term. yes you can but
if you are someone whose really that active on seeing on whats happening in the market then make it sure that you wont really be affected by it because if you are somewhat a person whose really that emotional and someone who is really that easily could be influenced then its likely or high chances that you would really be finding yourself having those kind of second thoughts whether you should be holding even longer or you
would really be tending to cut-loses or whatsoever. Its never been that something simple but of course it would really be just that depending on a certain individual

Checking market movement as an long-term holder shows that you are just in for short-term goals. Because as a long-term investment one don't need to bother themselves with price movement, instead focus on how to accomplish their accumulation goal by accumulating and same time holding for long-term. Yeah checking the market movement on a regular will definitely messed with one emotions expecially those who are new in to Bitcoin which may lead to one selling their investment in a premature state.

that is why when you are investing in cryptocurrency most especially Bitcoin they have to bear in mind that it is a long-term investment that will give you what you needed or what you want because a short time investment is a investment give you a short-term profit instead of a mega profit you come achieve when you invest for long time investment that is why everybody is trying to venture into a long time investment, for me I do encourage people to invest when the price of Bitcoin is low and allow it, until the price of bitcoin get increased.

That might be a wrong approach and looks like trading too, and be very misleading because I believe that a true long term investor will not wait to see the price of Bitcoin to be low before buying but rather they will be buying even when it is high or low just to make sure that they are going to miss out buying opportunities and also knowing that Bitcoin is still a new growing asset such that the price we may look at now to be high will still be look at as a low price tomorrow when the price of Bitcoin will go higher tomorrow. It is the traders is always looking at buying Bitcoin when it is low so, but a true long term investor buys all the time whether low or high with dca strategy, buying low is good but it is not good to be waiting for it before buying.