A Senior Pastor (The Most Reverend in the Province) in my Church called me last week Sunday to see him after the Sunday service which I did. When I met him, he told me that he wanted to see me for a very long time. People have told him that I am good with bitcoin investment andalso teaching people in it. Thathe has three children and all have graduated from University but because of the way things are in the country, they have not secured jobs. And any moment from now he will retired. So he wants to invest online business if I know any. And I told him that I know of only one which is investing in bitcoin.
not sure that bolded part is something that we can claim because with the market volatility and the price going up and down? not that we can guarantee someone of making money in it unless they are willing to take a risk for LONG TERM investments.
if they are for something to take whenever they are in need , then Bitcoin is not the place for them .
I think that can still be valid if what they mean is they are good at hodling and then they know how to invest well like they buy low and sell high most of the times. Knowing the DCA method and doing it regularly can also count. Investing is not only for the long-term even though this is the ones that automatically pop in our mind when we heard that term but I think that is because many investors are also doing this.
All investors are not perfect and even if we are well prepared, there might still be times that we can say that we will sell so that we can have a money that will be used on something. I think this is fine to do sometimes, most especially if it's about health-related and how can we able to use our wealth if we are already paralyzed, blind, or worse dead?