Quote from: Moreno233 on Today at 11:44:05 AM

Quote from: sotelorene on Today at 08:17:30 AM

Quote from: Miles2006 on September 08, 2024, 02:33:20 PM

It’s kinda complicated with what you wrote involving bitcoin investment and challenges , no one should view bitcoin investment as a helping hand in times of stranded situation. Even if you made mentioned of back up funds also and no one can predict any situation we face in life so it’s right we always make room for alternative plans, honestly speaking challenges that will cost an investor his/her bitcoin investment is so rare expect the investor never made use of the disposable income when investing rather the investor went ahead to buy and buy without planning, secondly using the backup funds for personal reason without filling back is wrong and it can cost an investor his investment.

Exactly, that's where most persons get it wrong. It shouldn't just be about investing and holding for long period of time but rather it should be investing wisely and smartly because investor who invest wisely and... Find it difficult or hard to encounter any challenge I mean there will be little or no challenge at all but investor who is so concerned about investing sometimes may over invest and when the market start depreciating they began to panic even when they are responsible for their..., In summary we should try as much as possible to be investing wisely and smartly because there will be alot of advantage.

You seem to be confusing all of us with your terminology because I don't understand what you mean by investing smartly that is unconnected to long term holding. For investor to hold their assets for a long time, it is already a proof that they invested smartly because without that, they would have be pressured to sell or been disturbed when price was undergoing corrections. The most important aspect of investing in Bitcoin is to be able to preserve the assets and not act compulsively, this is more important than getting a perfect entry like some people pride in. At some point, the method used in buying is just a little part of the process rather how you manage the investment is what determine how successful you will be. So, the measure of smartness is in how well an investor can hold the asset and make the best use of it and not act in a way that will lead to regrets.

The way invest smartly word use its like it pointing out to altcoin since this is common terminology used by people if asking as suggestion towards what token to invest. But actually we should avoid using tricky word that can confuse people, although we know bitcoin is the one has been pointed out here since we know that this is good coin to invest. If they think other technical things the way how they invest with bitcoin could provably make them confuse on every aspect of it. Life is so simple so they should bring it up on more simpler way and accumulate consistently do the DCA and hit the target years they plan. If they talk to much about it and cover unnecessary things then maybe it can affect their decision to continue and might confuse what important things to consider. So overall it will matter on how they handle their investment and if they always follow those plans or strategy they are looking forward for.