Quote from: Promocodeudo on Today at 03:23:41 PM

Quote from: DubemIfedigbo001 on August 22, 2024, 01:35:29 PM

Quote from: Riginac111 on May 01, 2024, 02:39:17 PM

Sometimes the news of bitcoin maybe contradictory and when hoping on positive news of bitcoin you maybe backslide, because many people have thought that the price of bitcoin is now getting upright but it shock some people who hoped-for speculation of Bitcoin and believes that as people speculate on price of bitcoin that the price will be going up all through this year, whereas the price of bitcoin is depreciating in the market almost every day, so I don't know why bitcoin can not be depending on.

Bitcoin is not a get rich quick scheme, so you don't need to cast your hope on it, you're to invest with your descretionary income and hold for a long term. The market is very volatile and it can be mentally disturbing if focused on.

Cast your hope on other things and remove your mind from your Bitcoin investment for your sanity sake, and to achieve that, do not invest more than you can afford to loose in Bitcoin. Your gains would come, most times not immediately, but after a while, your investment would be profitable.

Get a career, find something doing to keep you busy, attempt forgetting that your investments existed and live your normal life independent of your investment, that way you would not l be disturbed by the volatility of the market but would use it as an opportunity to increase your Bitcoin portfolio. You can also continue buying with DCA methods to buy both the pump and the dump, thereby increasing your profitability by smoothening the volatility effects on your investment.

First and foremost for any investor to succeed in Bitcoin investment such investor should apply the maximalists strategy of investing and forgetting though it may be difficult for anyone to do this but it may be necessary to take this move to avoid being much inquisitive of getting profit fast hence we know that the profit is only for the future which is long-term.

Bitcoin investment is not only beneficial to long term investors the short term investors can also make good profit if they are able to understand the market very to know when to buy and when to sell to take profit. A good Bitcoin Holder which I think is the only one who has the money of a maximalists has already prepared not to have a change of plans regardless of the outcome of his investment but then, they are not dependent on the amount invested as they have other sources of income.

A good investor will always check the value of what he has invested to know if he's making profit but that doesn't mean he's going to panic as small me mind investors do but regular check of the market and the current worth of the amount invested will help to keep the investor updated about his next plan of action. A good Bitcoin investor keeps accumulating Bitcoin no matter the current market value.