Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
Dailyscript
on 27/04/2024, 06:44:51 UTC

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. It's a mentality something that needs the right orientation or some sort of massive reorientation to bringing such individuals out of those short termed mindset, and I guess this kind of discussion is really helping to shape the right narrative for short sighted investors. And again, most people find it difficult to invest in Thier future in a manner that they might not necessarily see quick returns and so regardless of the prospect the future holds for long term investors, it doesn't get easy for them to shift thier mindset to focus more about accumilating for the long term.

That's a very bad idea for a new investor. Waiting for so long when the price is low before buying their starting their investment. I wont be surprised that such person has been waiting for long now for the right dip, and has procrastinated until he found out that this is the lowest he can get. Its wrong to keep waiting to buy bitcoin, this is because when we do there is a probability that the price might keep going up and going up never coming down before we realize the price that would be consider as a dip will be a higher price above the current price that such investor would have bought then. If you know such person planning to enter the market when the price dip tell them to buy now, buy more when the price drops and still buy more when the price goes up. Haven't they heard of DCA, with DCA they wont bother looking at the price.

So maybe what is necessary to ask is, how long does a bear market last? And for that space of time, what's the quantity of Bitcoin can you comfortably accumulate such that selling when it gets bullish you can still remain in good profit? And then, even when you're in profit for investing so little, your intentions is to convert your BTC back to fiat and then what? Spend it all out out because you've made a little profit only to see Bitcoin getting more bullish and then buy using a bigger amount of money making your previous investment a total waste? That's crazy.

Its difficult predict how long any bitcoin cycle would last. Whether bear or bull its uncertain to know the time period. This is because there are various circumstances that could surround each of the individual cycles at every given period and when it does until it is over we would continue to see a bear market. But honestly its doesn't matter, what matter is how you were able to take as much advantage out of the bear market to build up enough portfolio in bitcoin.

The quantity you will attain depends on the quantity you bought. The higher the amount of bitcoin you bought during the bear market will contribute the amount of profit you would be when it is 100x or above. For instance you bought 1 bitcoin at $65k which can be consider as a dip since its below the ATH. When the price reaches $100k you will have $35k as profits so even if you choose to sell $10k or $5k you still remain bullish. Always remember the fraction you have only increases when you buy more and decreases when you sell, the price is the only thing that changes from to to time when you dont buy or sell. It remains the same if you hodl.