Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy Buy Buy or Sell Sell Sell?
by
Proty
on 03/06/2024, 19:22:30 UTC
⭐ Merited by fillippone (1)
The first is to accept the risk and have a plan for how long you will hold it. And you can use some money to implement your plan, and you can buy dips every now and then with a little bit. And by buying bitcoins you can be successful if you accumulate bitcoins in a solid wallet for a long time. Because investing for the long term can buy bitcoin anytime as our bull run is about to begin.
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.
Investment in bitcoin should be for long term perspective and not short term, talking about making profit within intervals of months shouldn't be your target rather how you be able to accumulate a reasonable amount of bitcoin in your portfolio and hold for 4 to 10 yrs or more. making immediate profit as you said sound to me more like gambling .