Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy Bitcoin, and HODL!
by
Tmoonz
on 23/06/2024, 12:16:56 UTC
⭐ Merited by Samlucky O (1)
.....


But before investing we need to analyze the judgment properly and do not look at how we can increase our investment. We don't even pay attention to how long we can continue our investment. As a result our investment is damaged. Maybe many people think that only by investing it seems that there will be profit from it, but actually it is not. If we invest we have to remember that crypto is volatile, so we can make gains as well as losses. It is recommended to invest in Bitcoin for a long period of time because even if the price of Bitcoin goes down, it will rise again later on, thereby giving investors a higher chance of profit.

the opportunity to secure profit on bitcoin investment is higher if someone invests in a longer period of time, because bitcoin has a cycle and looking at its history that in every cycle bitcoin always prints a new ath, and if investors rely on this alone they can get profit if they can be patient and consistent to invest in bitcoin. although being a long-term investor is quite challenging, especially when bitcoin is experiencing a bearish market, but if someone trains their self-control and has the tenacity to be able to get profit in the future, they should not be affected by uncertain market conditions.

Any one ever considering having Bitcoin in his or her portfolio requires looking beyond today's healings, Bitcoin investment is a future investment such that one don't need to be much worried about the present condition, if it is about volatility that is simply an inherent trait of Bitcoin that makes it more interesting, a long term Bitcoin investment shouldn't be that challenging just as you said since you will be investing from your disposable income after taken care of whatever might have been considered to be a basic needs with a provisional emergency funds inclusive. However, those that get much of the worries or challenges during the bearish market are those that bought for short term profit maximization while an idea long term investors takes advantage of the bearish market by accumulating more Bitcoin at more cheaper price.