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.
I agree with you. Your goal should not be to take profits from Bitcoin which may distract your investment from being more fruitful. Your goal should be to keep buying bitcoins regularly to grow and make it a normal investment. Short-sighted decisions are those who keep buying for trading. Your goal should be to have a decent bitcoin portfolio that grows over time, not just profit.
You may be a bit disappointed with the current price of Bitcoin but you should remember that if its price goes down further you should still be optimistic because it has recovered again and again and trended even higher than before. Yes, those who previously had the opportunity to receive Bitcoin may be burning with withdrawal regrets that will never heal. So you should continue to grow Bitcoin with proper valuation while you have time.
Well, I think the line should be drawn here between trading and investing, people who take on short term profits in Bitcoin should be regarded as mere trades and not investors. I believe every investment has some guidelines with which to maximize your dividends. In Bitcoin, long term investment is the most significant investment guideline to higher profits, so if you're not keeping your coins for a longer period of time, you're simply not investing and what word can we use for folks like that, fucking traders.
It pains me when misguided traders are being referred as investors, and we know from history that traders don't get the best out of their Bitcoin journey, but investors takes the bigger bite off the cake.