Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
Barikui1
on 27/04/2024, 06:42:49 UTC
It all depends on the amount of bitcoin the person has accumulate over that interval of one year before you begin to talk about making of profit. If u do not have a sizeable amount of bitcoin in your portfolio you cannot be able to make this profit you are talking about ,especially if you are doing DCA it will take you time to accumulate a reasonable
amount of bitcoin.
The method of collecting Bitcoin to get a larger amount varies from person to person, although the one we see most often now is to use DCA with a certain target time period. Because to achieve a bigger profit target, you definitely have to have a fairly large amount of Bitcoin ownership and that cannot be denied by everyone. That is why most people always pay more attention to their Bitcoin holdings portfolio than others because in Bitcoin everyone can make a profit as long as they have enough patience in collecting it and also have a fairly large amount in their own portfolio.
Basically those are the investors who usually do the DCA in bitcoin to accumulate the bitcoin throughout the bear market. Those are the people who will then sell in the bull market and gain maximum return on Investments. I will not compare them with the traders who have different mind set and who will usually buy and sell multiple times to gain profits.

You are still describing and even trying to worship traders as if you know how to tell the difference between a good trader and a not so good one, when the fact of the matter is that trading does not pay off for an overwhelming number of folks who even attempt it, and in bitcoin, we have had the overwhelming majority of folks profiting from establishing and following a practice that mostly errors on the side of accumulating bitcoin and holding it... not fucking around with trading and trying to believe that you are able to time tops and bottoms.. which is a bunch of bullshit where a lot of folks who try such a thing end up selling too much too soon and making a variety of other mistakes, so there is no need to be worshiping those kinds of practices and trying to act like it is some kind of practice that normies should aspire to.

sometimes, one of the reasons why people  try to just jump into Bitcoin investments in a time they feel the market is bearish hoping to zoom off whenever the market gets bullish is probably because they are still very new to the system and aren't ready for any long tern commitment that will see them to gaining better in the future.

No I really don't think so about this statement here, I think it's totally contrary to what is happening in today's market, for the few months I have been in this crypto space, I have come to understand that almost all newbies mostly buy during bull season, they only buy when everything are ok, when the market are mostly green, and they start panicking when the market start declining, and that is why the the higher numbers of panic sellers are mostly newbies, because they don't have much belief in Bitcoin, and they mostly sell at a loss when the market start declining, they don't know that Bitcoin have what it takes to bounce back from any setback, because over the years, it has proven over and over again that it can recover it previous value, and it gets better with age, just like a fine 🍷 wine,  so it's only people that have gotten a little bit of knowledge of Bitcoin  and how it works, would know that the best time to buy is during the bear season, or through the DCA accumulating strategy, so my brother, knowledge is key, even in this crypto space.