Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Road to 100k?
by
Makus
on 30/05/2024, 17:40:50 UTC
⭐ Merited by JayJuanGee (1)

Yeah you are right.
One thing i will say is there will always be regrets in this crypto space because of the volatility attached to it.

Actually regrets are not because of volatility but they are caused by the actions of the investor. Volatility are actually a blessing to the Bitcoin network, because that's one of the reasons why Bitcoin is a distinct currency compared to stable coins or traditional fiat currencies. In Bitcoin investment if only you can follow a simple rule of holding without selling your coins for maybe a decade, you won't run at loss. Those who started holding on time and kept their Bitcoin holding are enjoying the benefits of their patients today, and one of the most inspiring fact is that majority of them are still holding because they know more ATH are yet to be broken. Bitcoin is a long term project, if only an investor can be patient enough he will surely reap a good harvest when the time comes, and even after holding for so long, when you want to sell, keep a reasonable fraction that will begin the process all over again.


You might be regretting why you sold early because the price went up significantly above where you sold or you might be regretting another time why you didn’t sale because the price started dumping, these two are part of the space. But the best regret is always that doesn’t make you to be in loss that’s selling with a profit. How do one over come this i will say don’t fix a time to take profit rather fix a price to take profit.

You sound more like you are talking about trading. Bitcoin is a long term project and if you choose to use the pattern of shitcoins on Bitcoin, you will definitely run at loss. There is a saying that the reason anyone is more wealthier than you is because they have information that you don't. I  agree to this because those whales in Bitcoin network are likely not selling their coins or trading it as you have said but rather, they keep accumulating  because they know that Bitcoin will surely increase and in price due to limited supply. This knowledge alone is enough reason to hold still for long duration. I conclude by saying, Bitcoin is unlike shitcoins that you'll have to sit up at night to watch the market chart so you don run at loss. Bitcoin is more comfortable and trustworthy, especially when you use the right accumulation strategy.

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