Quote from: muncuss on June 17, 2024, 11:49:37 PM

Quote from: Agbamoni on June 16, 2024, 11:39:13 PM

If you're giving the opportunity to take small profit for 2-month investment or take a very huge profit for a 1-year investment which, would you prefer? Of course you will choose the big profit, and that is why people see the idea of selling Bitcoin when there is a short increase in the price of Bitcoin as a bad idea. Only hungry or hasty investors are willing to take quick gains, if one wants to rich and wealthy then investing a lot in Bitcoin and holding it for long so that the return will be massive will be their ultimate goal.

a trader or regular smart investor will sell at high so they can buy more in the dip. It may be short term daily trade or long term like years using bull bear cycle. This is basic knowledge

Long term holders are buying every dip or as what most of us are doing here, DCA and make it your friend as this strategy is the best we got even for us regular and average joe traders. And with that, even at bullish phase ,we can continue to accumulate and currently the price is around $65k which is still a good buying price in my opinion.

Those who are selling early are short term traders or what we call speculators, just taking advantage of every dip but it entails that you have a lot of time in your hand to monitor the price and sell at the right time.