Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Road to 100k?
by
Kliss
on 17/07/2024, 15:12:38 UTC
⭐ Merited by JayJuanGee (1)
I understand that most investors can't keep their mind and thought off their investment, but to be sincere, if you really want to hold for a very long period of time, you really needs to keep your eyes off the market, because that is what traders do, so since we aren't traders, I suggest that the best thing to do is to focus more on buying through the DCA accumulating strategy regardless of it current price and even aggressively during a dip if you have the financial leverage to do so, but paying too much attention to the market everytime is not a good thing as a Bitcoin investor, because some market situation might compel you to sell or temper with your holding out of fear or greed, so the best thing I can tell my fellow Bitcoin holder is that we should stop focusing too much on the price of Bitcoin for now, because we aren't traders, for we are investors, so we should behave as such.

We all know that we are still in the early days of Bitcoin, so the potential is extremely high, we knows that in 5 - 10 year time from now, it might even do 5x to 10x, so what's the point monitoring the price chart? So the best for now is to try to accumulate more Bitcoin as much as possible, because when you have a very good stash of Bitcoin in your possession, that is what gives you the capacity to build a generational wealth overtime.
Bitcoin investment can compared to a farmer  growing and keep nurturing its crops despite weather conditions such as  sun, rain etc but waiting for the appropriate season to reap the rewards.

The ups and down of the bitcoin trend can likely be reffered as weather conditions but an investor should not be worried but stay focused on accumulating despite market fluctuations. Staying patient and consistent, the appropriate season will come when your investment in bitcoin will definitely yield profit. Investor should learn not to get caught up with short-term situations in the market but having the bigger picture of what bitcoin is capable and what it can offer.