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Quote from: Jewan420 on August 06, 2024, 05:05:45 PM

I can compare the time you mentioned with the current time. Bitcoin prices are relatively bearish at present. At this time we can do our best to be aggressive in investing. We will try to buy as much as we can, as this dip gives you enough time to become a strong investor. Feel the extreme need to use bearish markets to become a whale investor. Because this time gives you the opportunity to be aggressive in investing, if you plan to use this moment properly, you can quickly turn your investment into a strong investment. You can plan to keep a reserve fund, which will help you become an aggressive investor.

Currently, almost most investors have changed their plans to be a little more aggressive in buying Bitcoin because previously there were many investors who expected to see Bitcoin drop to the $50K area and that has happened in the past two days. So for now I think there are many investors who have smiled again after seeing the price of Bitcoin in the range of $57K which has indicated a profit in a short time for those who have been aggressive in buying Bitcoin in the previous price decline.

And potentially investors who have dared to buy Bitcoin in that range, of course still have a bigger chance in a longer time because Bitcoin is still quite possible to go back past the price of $70K this year and could even go past the price of $80K next year. But instead of talking about next year, for now there are many investors who have felt the benefits of the price drop in the last two days except for those who did not buy at that time because they had bought at a higher price and did not have reserve funds to take advantage of that condition.

Personally, in as much as anyone can do whatever they like with Bitcoin I usually see those who come in to Bitcoin with the aim of maximizing short term few dollar profits as being indecisive, short sighted, failing and refusing to see the true potentials that Bitcoin holds as the best when viewed on a long term perspective, many who had the opportunity of adopting Bitcoin at it's earliest days are regretting it and the same regret will happen to those that are approaching Bitcoin with short term profit in the future. It is better to be patient with Bitcoin rather than chasing few dollar profits with emotional devastation attached to it.

One other reason why people go into short time Bitcoin investment is lack of patience without patience one can't hold for a long time and that is why is advised to tell everyone that Bitcoin is different from other online investment in Bitcoin one needs patience.
And this lack of patience has lead a lot of people investing in new coins that later sucked all there finance and caused them depression.

Yes, I mostly agree with you when you Said that Bitcoin investment needs patience, but know one thing, their is nothing like short term investor or short time investment as you call it, those sets of people that want to take profit at every slit increase in the price of Bitcoin are mostly traders, not investors, because they are only present because of the short term gains, that's why they mostly sell at a loss anytime their is a serious dip in the price of Bitcoin, because they are afraid that the price wouldn't rally back immediately as they wish, though they knows that the price of Bitcoin will recover, but they can't wait for that long, that's why they mostly sell at a loss, because they are all traders disguise as an investor.

And another thing I also want you to know is that, in Bitcoin investment, patience alone is not enough, because you might have the right patience required, but if you don't have a source of income and an emergency fund to finance your day to day activities and during emergency situations, you will be forced to sell your holdings, even when you never wish of selling, so having a source of income and an emergency fund are very much important just as patience, because without them, you surely cannot hold for long.