Quote from: Samlucky O on Today at 10:15:16 AM

Quote from: Uhwuchukwu53 on June 11, 2024, 05:58:38 PM

I may not totally agree with the part of everyone who start investment having the mindset of long term holding , but for the sake of this thread many has know that long term holding and using the DCA is the actual formula to achieve the real value of their investment in Bitcoin,

The actual mindset of any investor is either to invest for a short or a long term profit. I don't see any problem if everyone who start investment is thinking of long term HODLing. Though longer term investment may not guarantee a greater return but the is a higher possibility due to volatility of bitcoin, that is why people emphasis more on a long term duration.

But its undeniable that there's a lot of newbies fall on the idea that short term is better since they want a fast cash from their investment on bitcoin. They usually failed to realize that its risky to participate on any short term activities with bitcoin knowing that the market is volatile and they might not predict what will happen next then it might cost some amount for them and that is bad experience to learn from. So they must correct their approach towards dealing on their investment on bitcoin and learn about for long term since this is really the most ideal option people will take since we know how bitcoin work so far and it never fail its investor.

If they want to learn strategy to use then they can do a research about DCA since for sure there would be a lot of results will show since this is effective and most used method by most of long term investors.

Quote from: Samlucky O on Today at 10:15:16 AM

Those newbies are those who doesn't know about bitcoin properly. They dive into investment with the motive of making money overnight with bitcoin and later got disappointed due to the mute or slow growth of bitcoin and switch to shitcoin

Even though those cases happen for sure that people who look after on shitcoin after they encounter they lose from their short term investment won bitcoin would realize that they are participating again on more riskier options then for sure sooner or later they would realize that bitcoin is really the best asset to have especially if they decide to have it for long term purposes.