before you see somebody make up his mind to hold Bitcoin for long time that means that person has been involving itself in business of cryptocurrency so what come to their mind mostly is to buy bitcoin and the sell when the price increases more so many or persons who said that they are holding Bitcoin they are not holding Bitcoin because what they needed at that time is to make a profit and if bitcoin increase above the amount to the bought in the market they will sell to make a profit and after them they will also purchase and when bitcoin increase they will say so that is continuous way there are doing things in order to make a small amount of profit not knowing that when you hold a bitcoin for long time it is when you make a potential profit more than investing short term.
I believe this is why we’re here to raise concerning conversations and talk about ways to simplify investments and derive the best possible outcome, most new comers getting into crypto and buying Bitcoin come bearing the same thing in mind which is investing for a short period of time.
This only emphasizes the usefulness of this platform and threads like this aimed at educating investors on how to buy and hold which is the anthem of all crypto enthusiasts hoping to become mighty whales some day.
Also its good that we are discussing about bitcoin investment in this thread so that we could also figure out if there's something wrong with the methods we use. So that we can be corrected and make our investment to get good result in future. That's why its ideal for new investor to participate on a discussion like this since for sure there would be a lot of learnings to get especially that they can read multiple opinion which can make their mind sharp towards dealing on any possible scenario that they might encounter in future.
I'm impressed on how people deal with their investment and the way how they share some valuable information this help a lot of investor especially when they are seeking for some valid opinions regarding on some pointers that they are considering to follow.
So hopefully all of us here will earn success so lets continue to plant and for sure there would be a good harvest to come in future.
I love your post. All methods for accumulating bitcoin are good; in some cases, you can use the lump sum method to accumulate more bitcoin than the person who used the DCA strategy to accumulate bitcoin when you guys use the same money. The only thing that makes the lump sum method less effective is when an investor who doesn't have a good income source mistakenly adopts it to accumulate bitcoin. The investor will likely use most of his money to accumulate bitcoin since he or she doesn't have a good income source, and when there's an unexpected problem in the near future, the investor will mess up his bitcoin accumulation plan by selling it even at a loss to survive. We should invest in bitcoin based on our income flow so that we can accumulate bitcoin and hold it for the long term.