Quote from: laijsica on Today at 07:09:54 AM

Quote from: SOKO-DEKE on July 28, 2024, 03:14:07 PM

Quote from: Amphenomenon on May 14, 2024, 09:40:10 AM

As a bitcoin investor, you don`t think of eating your investment capital or taking from it before you get to accumulation goal even in rainy days except its highly important probably life and death. Its good to invest in bitcoin but when you are now taking from it before even reaching your accumulation goal then you`re not acting as a good investor who has a set planned goal which is bad because in the end you will notice that you have accumulated or nothing in comparison to your investment plan because you just turn your investment to savings

Holding Bitcoin for a long period of time is really important in bitcoin investment because that is what can determine your profits. Let's look at the story of Bitcoin and see from time it came into existence. Only those who are able to hold onto their Bitcoin investments are those in great profit nowadays, so if we really want reasonable profits from our Bitcoin investment, we should be ready to hold for a long period of time. At least try to experience two more halving before thinking of taking a period.

You need to prepare yourself more for long-term holding such as not being aggressive in the first place and keeping yourself a large amount of floating cash. Unexpected events may occur at various times while your investment is ongoing, such as physical illness or loss of job or business downturn. The problem should be resolved without withdrawing your holding to address that situation. Hence it is recommended to keep at least 6 months or more in cash to meet your family's daily needs. The more cash you have floating around the more aggressive you can be in buying bitcoins during price dips which will keep your stack growing faster and your portfolio looking decent.

Yes, we must invest that money wey we no go need use solve our problems. Because if we no invest for long time, e get more chance say we go lose pass gain from am. So make we fit meet all our daily needs without that invested money, we need to keep some emergency cash first. For example, if urgent medical treatment, urgent family problem, or any urgent need come up, make we no go depend on the invested money for urgent needs. Because that time fit make us lose plenty money. So always make we invest that money we fit afford to leave for long time.