Quote from: Pi-network314159 on May 09, 2024, 10:29:48 AM

Quote from: Hewlet on May 09, 2024, 09:31:25 AM

Quote from: Pi-network314159 on May 09, 2024, 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.

I don't think if you get my point clearly. In as much as I said there is no success in trading doesn't mean I am sending a wrong message, but telling you from my own paspective. Inrespespective of individual differences or people's opinions on trading, HODLing or whatever I still stand on my own opinion, that no much success is guaranteed in trading compeard to a long term investment. Although I can't disproof the fact that most people don't make money from trading but my main point of saying no success in trading is that people who trade often end up having problem of emotional imbalance between when to buy and sell which makes them sell at lost and would spend there time all day trying to check signal, ups and downs of candle sticks, why HODLers keep HODling up for longer duration and makes alot of profit without stress.

Let me take you back to early traders /gamblers, most of them who never knew the potential of bitcoin where trading on bitcoin regulary and making some little profit but as time goes on most of them became tired of little profit they made . They become tires and sold all bitcoin in there possetion, because they thought bitcoin would never do much better than the current up and down they where conversant with at that time. But the HODLers who where fortunate to have bought from the traders and keep in there portfolio are multimillioner because they were patient to HODl for long.

Quote from: Hewlet on May 09, 2024, 09:31:25 AM

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?

You explanation doesn't fit to that of a trader Which you are trying to defend. You are making reference of a trader yet your explanation is still directing towers a HODLer and not a trader. If I may ask you a person who Baugh a$200k woth of bitcoin and made a profit of $100 in two years, is he a trader or a HODLer? In whatsoever way you sugercoat it HODLing for long guarantee more success than trade.

People don’t still understand that Accumulating and Holding Bitcoin is the best approach and not Trading. This very point have been over emphasized over and over again. This shades is from panic, emotions, fear and careless about price movements and market fluctuations.

Bitcoin is a valuable asset not a Tradable coin to make profit off.

More persons are going to regret, accumulate as much as you can according to your plan. Have a system that pushes and propels you to your set Target in your accumulation journey.