Post
Topic
Board Speculation
Re: Road to 100k?
by
Kliss
on 23/07/2024, 12:51:06 UTC
I dont mind saying mistakes, lots of people sold early because it was far more irregular back then.  I like to think I've learnt a bit or gained experience.   In any case BTC has to circulate and it is a positive its being used, traded.   

There mere fact that bitcoin is traded, and even that trading is good for bitcoin's price discovery and liquidity does not mean that any of us should engage in trading, especially if we are looking out for our own interests in terms of attempting to gain value with the passage of time and to have more options because our portfolio ended up performing better through practices that largely started out with various forms of BTC accumulation through buying ONLY (or HODL) and did not use selling as a way to attempt to accumulate more bitcoin. Sure, once a guy (BTC accumulator) might reach some meaningful accumulation goal, then it surely may well start to be in his interest to either merely maintain his BTC stash or to start to sell BTC either with time-based methods (which might even be selling something like monthly) or price based methods, which might be selling certain amounts of his stash as the BTC price goes up.

That's it jayjuangee, you know some people don't actually realize that Bitcoin should be a store of value that's why they are blindly selling or trading their Bitcoins but anyone who is concerned about the future of Bitcoin will find need to accumulate and HODL till they have gotten a huge portfolio then they can decide to sell part of their hodling depending on how much stash they have got and the price level at that period of time when they must have made significant profits in their investments. It's not as though we should HODL forever but we should have a broad understanding that Bitcoin is an asset that tends to increase more in value when we hodl than trade or sell. Every Bitcoin investor has a target of how much they want to accumulate for long term profits so when they approach their desired investment goal, selling part of their Bitcoin will not be an issue anymore but for a beginner, all he needs do is to buy and HODL and never should trade his Bitcoins till he must have made huge accumulations in the future.


You are absolutely right, the best way to go about Bitcoin is to buy and hold for long term maybe using the DCA method or any other method one think is okay and I want to believe that everyone knows this so whoever that think trading or gambling is best then they should go ahead  but they shouldn't come to panic or say any discouraging words after incurring some loses though there are a lot of people who are into trading and gambling which I can't tell if they are actually making good profit but I still wonder why people still trade Bitcoin even when the know that Bitcoin is not like shitcoin and alt which easily drop heavily and also skyrocket within an interval of time.

Buying and HODLing bitcoin is an eye opening strategy for investors looking to make profit from their Bitcoin investments. It allows investors to benefit from the potential growth and value appreciation of Bitcoin over time. An investor shouldn't consider selling their bitcoin holdings  without hitting a satisfactory level in their accumulation, stay disciplind to the approach. Holding Bitcoin for long term, is very beneficial. The approach is one of the most simplest ways to possess a valuable assets (Bitcoin). Definitely, With a long term holding intentions is more profitable and peaceful than trading,  because the longer you hold  the value and price increases over time