Quote from: mirakal on June 20, 2024, 11:47:00 PM

Quote from: livingfree on June 16, 2024, 09:54:55 PM

Quote from: GbitG on June 16, 2024, 06:10:46 PM

There is nothing wrong with someone buying an asset when the market dips and then selling it when the market is bullish even if the market manages to go higher than where they sell their assets because they have at least earned some profit on their investments, that's the main purpose and if it's achieved, it's all good.

Profit is profit is what's on their mind.

I know that many won't agree to that to sell but that's how you're going to profit. If you don't sell and you hold forever, there's nothing with it as well. To each his own on this market.

You'd miss the buying moment at the lowest? then buy it before it finally pushes to the peak. There are so many stories that we've seen in the past on how they regret it.

And soon, we'd see more stories from both sides again, those that didn't sold during the bull run and those that didn't bought during the dip or bear market.

If everyone just stick to the rule of buy low and sell high, then there's no one end up at loss. That's how the pioneers here work out on their investment plan and look at them now, most of them have succeeded and are living life comfortably.

However, if you miss buying at the dips, then buy still even when the price is quite high. After all, you don't sell at a loss price, as long as you intend to hold longer and sell only when there are impressive profits around.

I agree that as long as we don't sell bitcoin at a low price we won't lose money, but is buying bitcoin when the price is already high a wise idea? Like the people who rushed to buy bitcoin when it was priced at $69k during the 2021 bull cycle. They won't lose money if they hold until now, but is it worth it when they spend 4 years holding without making a profit? Meanwhile, those with better investment strategies made significant profits when bitcoin was priced at $69K in 2024.

We should buy bitcoin at any time but we also need to pay attention to the timing, I mean if we are in the bull season and bitcoin has increased too much then we should wait instead of buying right then. But now we are preparing to enter a new cycle and the cow season has not yet begun, so buying at this price is reasonable.