Quote from: moneystery on Today at 03:19:55 PM

Quote from: Tmoonz on June 23, 2024, 12:16:56 PM

Quote from: moneystery on June 23, 2024, 11:35:22 AM

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 during the bearish market 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 a more cheaper price.

that is right, investors who understand how to properly invest in bitcoin make decisions based on the potential price of bitcoin in the future. they do not really mind the bearish market, because the people who mind it are only those who trade bitcoin in the short term. while people who focus on long-term investment prefer to accumulate more bitcoins when the market is bearish by using their spare money because they understand that the price of bitcoin will increase and they are not too bothered about how they should sell their assets since they prefer to prepare for the next price increase by accumulating more bitcoins in their wallet.

If an investor is able to have a good knowledge of Bitcoin then he will never trade Bitcoin for short term. Because they know that Bitcoin will go through bearish and bullish cycles. If Bitcoin loses a lot of its value for some reason, they will still hold their emotions. Because they know that after a period of time bitcoin will be able to regain its position. Those investors in Bitcoin investment lose their wealth who fail to hold their emotions who get busy selling Bitcoin on a slight decline. While Bitcoin's temporary decline may seem like a disappointment to some and some others are holding at that moment.