Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
Jewan420
on 11/08/2024, 16:24:29 UTC
The fact that am always reading about missed opportunities to invest in Bitcoin or crypto in general, I think the best advice will always be a Buy Buy Buy (crypto blind follower Tongue)!!!
And already price had in the last couple of weeks experienced a bloodbath and crypto enthusiasts expected price to continue on this path...and if you were that kind of investor that went the DCA it would given you some short time profits in no time proving the "buy buy buy" strategy works as I see it to be some kind of hedging!!!
the essence of us buying Bitcoin when the price decreases if because we really want to make a profit for the investment but I know quite well not many people that invest in Bitcoin always think of making a profit.
I know a lot of investors will say they aren't holding bitcoin for profit, but I want you to know that almost all the bitcoin holders are holding bitcoin for profit when they have accumulated the quantity of bitcoin they want. Bitcoin investment is like any other investment that will yield a good profit in the long run if you get it right, and everyone who is holding bitcoin will like to experience this at the end of their investment. The reason why it seems that so many people are not holding bitcoin for profit is because a lot of investors are holding bitcoin for the long term. They don't like talking about profit because they know how long it will take them to sell their bitcoin.

Is anyone crazy who isn't holding bitcoins for profit? Huh don't mind.

Of course there is a reason behind investing in Bitcoin and a reason behind holding it. Although the reasons behind investment and retention are two different, there are some similarities. As far as I know personally, the purpose of investing is to save and earn profit and the purpose of holding is to plan for the future and earn profit. That is, in both cases the aim is to achieve profit. I think it is foolish to hold bitcoins unless the goal is to make a profit. Because why would you put your money at risk if you don't have the goal of making a profit? We all know that Bitcoin also has the potential for profit and loss. Why hold your money in Bitcoin if you don't want to make a profit? Where there is a small chance of loss. So I think all bitcoin holders hold bitcoins with the risk of profit loss with the aim of making profit. It may be better to hold fiat if the goal is not to make a profit.