Quote from: Bravut on Today at 05:20:32 PM

Quote from: Tmoonz on Today at 02:05:34 PM

Quote from: boty on May 31, 2024, 01:10:25 PM

Having a plan before investing is of course very important so that we can determine the target we will achieve in order to make a profit. Deciding to buy when it is experiencing a downturn certainly doesn't hurt, but we can't know for sure, therefore it will it's better if we can buy as much as we can and can survive for a long period of time, yes of course we will immediately get a profit because it is possible that in the next few months the price of Bitcoin will increase.

I don't think if there is anytime you buy Bitcoin that it will hurt, buying Bitcoin doesn't hurt unless if you are trader for Short term profits may be probably you bought Bitcoin and after buying it dip further while you are expecting it to go up in order for you to see profits as soon as possible, that is the reason why it is always advisable to treat Bitcoin as a tradable coin, but any one buying Bitcoin to hodl for long will not get hurt even on buying or seeing Bitcoin making an uptrends or downtrend because the plan is to hold for longer period of time and not for few dollar profits within a short period of time.

Some persons will keep learning the hard way and many will still learn, I do not understand why many are driven with quick cash in Bitcoin Market, neglecting the value of Bitcoin and the benefits of holding and accumulating Bitcoin in a long run guided by plan and Target.
Bitcoin is not just a mere coin, many are still deceiving themselves claiming to understand the value of Bitcoin yet, still approaching it wrongly.

How you behave toward bitcoin depends mostly on how you started and the level if information you have access to. There are many who started from trading and learnt about bitcoin on the premise of trading alone because they want to trade asset with a wide daily pip count. These set do not have much information about holding bitcoin and may not even been opportune to join a forum like this one where knowledge of holding is shared. So, we should be patient to hear people side of the story so we can properly help them.

Myself just joined this forum and for the short time I have been here, my perspective about bitcoin have changed rapidly. It is a whole lot of learning process for me but the good thing is that I'm already buying small amount when I have money while still gathering more knowledge. I learnt this from this forum unlike before that I was saving money in fiat and waiting for it to be big before I use and fund my trading account or buy some other assets to sell within a short time for some profits.

My plan is to improve on my knowledge while still investing part of my income into bitcoin because I don't want to continue to wait until I have billions before I start, all thanks to this platform where I got this idea. I will limit my involvement in trading as well as buying other asset because I will be leaning towards bitcoin now to save myself from risk and stress.