Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy Buy Buy or Sell Sell Sell?
by
Marvelockg
on 23/05/2024, 06:14:40 UTC
⭐ Merited by JayJuanGee (1)
I don't think anyone will be overwhelmed if that person has made a profit through his own investment using any method, especially if what he invested was Bitcoin. Because in terms of investment, it is necessary to reduce the level of consistency so that every investor can be more willing to buy in any condition without worrying about anything if the goal itself is for the long term   . I am quite sure that currently there are many investors who like Bitcoin because they have seen evidence that Bitcoin is a very good investment asset so it should not be sold carelessly in unfavorable conditions when we already have it. But there are also those who do this and maybe they don't realize that Bitcoin is the best at the moment.

My assumption, which makes them do it sometimes can't stand to see cheap prices in other coins and usually it's not an old player. I personally better be patient for a while waiting for further market action and it also happens to be today in many places for example in my country in the moment of holidays so naturally there is a small part may sell some for vacation purposes. perhaps. Yes. true. there is no doubt that BTC is the best investment at the moment and the most in demand.

I don't want to sound rude but it appears as though  you both might be missing a whole lot of things here. BTC isn't just the best at the moment, it's been on a totally different world of it own and whatever you've seen out there that gives you the impression to make comparison between Bitcoin and those shitty stuff only gains those small relevance because of the uniqueness and the long termed trust that Bitcoin has built and maintained overtime making them model those coins from Bitcoin.

And again, I just want to reiterate this point that has been said over and over again and that is, " Bitcoin investments is not a short term investment" and I dont quite understand what @CageMabok  by the statement that "it is necessary to reduce the level of consistency so that every investor can be more willing to buy in any condition without worrying about anything if the goal itself is for the long term   .  " from the little knowledge I have, the reason why you can comfortably buy your Bitcoin with a DCA method is because you're buying for the long term which makes it reasonable to buy at low or high price and then do it consistently. The goal first off should be long termed while the approach should be to consistently buying your BTC at a rate that's convenient with you  such that you can do it for the long run without it having any negative impact on your financial life. The decision to sell should only come when you've reached your goal and should be the last option that's available to be made.