Quote from: Pi-network314159 on Today at 07:17:56 AM

Quote from: Hamphser on May 08, 2024, 07:59:36 PM

Market is something that cant really be predicted as always. Dont expect or anticipate on something or you are that expecting to happen because if it doesnt then disappointment would comes next.

In Bitcoin investment we should be able to figure out the difference between reality and fantasy. Most persons somuch puts there expectations high or not being able to figure out a long term profit from a get rich quick scheme, that is why people often get disappointed when they see an ukward results. We should totally remove our mind from our investment and keep on fueling it on regular, not expecting a short term profit like some sort of gamblers.

it's now very common for most bitcoinner that haven't stayed long in the system to have this kind of fancy idea about Bitcoin price which has led a lot of people to buying Bitcoin carelessly without putting necessary plan in place that will enable them HODL for a good amount of time regardless ot the current price of Bitcoin and you find out that those that just invested into Bitcoin due to the fancy idea they received from people are mostly the once complaining that Bitcoin hasn't gotten to $100k since the halving took place because they probably invested foe the short term hoping to get immediate returns and then sell out thier holding once the market gets bullish.

As someone that's buying Bitcoin from an investment standpoint, you have to be realistic enough and tell yourself the truth that it will mostly take longer duration of time before bitcoin gets too high above this current price and even if we are looking at it from another angle, Bitcoin has been in it bull for a very long time and has been very consistent till it got to this last ATH. And this kind of process we've seen lately that has still revolved around $50k to $70k isn't really any sort of bearish season most expecially for Those that have even invested up to three years ago so it's important to just keep stacking for the long term while getting assured of the reality that even if we still witness series of correction within the year before Bitcoin gets to $100k and above, we're almost 90% certain that buying at any of the price we've seen at the moment will still put us in a good profit margin in the next three to five years from now.

Quote from: Pi-network314159 on Today at 07:17:56 AM

Quote from: Hamphser on May 08, 2024, 07:59:36 PM

Buy when there's an opportunity when the market dips or corrects and sell out if it do really be able to hit up your selling point

That is not a good strategy, your strategy speak more of a trader or otherwise a gambler and that could be misleading. Bitcoin investment is not like gambling. Those that followed same pattern or procedures got disappointed along the line. There is no success in trading for a short period of time. Long term investment through DCA is the goal. Your selling point should be when you have met your target after a long term of HODLing. By then you will start thinking of selling. HODLing for long with backup discretion fund is the key. And invest the amount you can comfortably spend without overdoing it rather than some sort of gambling.

while we still put in effort to discourage selling off our Bitcoin earlier than expected as it will in the process cause a serious reduction in the quantity of our stack, let's be realistic enough to know that making statement Like "there is no success in trading for a short period of time" isn't totally true and might send a wrong message as though it's just only when you're able to buy for a long time that you will make profit out of your investment. if I can buy a $200k worth of Bitcoin in two years and sell it at $300k, does that mean I'm foolish with my investment strategy or that I gambled with my money? I doubt at all. Making profit is always going to be at the centre of our Bitcoin investments and while in an ideal situation, it's best to HODL for a long period of time so as to get a good quantity of stack and then within such timeframe Bitcoin price might have gone all high putting us at a good profit, if anyone decides to make his investment decision earlier that this and still gets his profit out of his holding, then it's totally not out of place for the dude.