Quote from: $weetne$$ on September 10, 2024, 04:03:38 PM

Quote from: GigaBit on September 09, 2024, 01:36:56 PM

It is said that investing in Bitcoin is the best long-term investment. If one invests in Bitcoin in long term he will definitely be profitable. While some investments are backed by fortune, Bitcoin doesn't require it. Because Bitcoin will definitely increase after a certain period of time.

This here is the secret of massive gains during the bull market. You have to have invested before the bull market begin and you will make massive gains. Investing during the bear markets when other Investors are in doubts, that is going to put you in the position to make profits. People investing during the bull market need luck to target the market at the right time to make profit but those that invested during the bear market has alot of time to DCA into their investment and not rush into it. They also have lots of time to have accumulate many Bitcoin and when the price rises, they are first to make profits then they can decide to sell and take profits or continue to hodl for other bull market to come and they make more money. If you want to make profits, plan ahead of time and invest.

Yeah, there is no secret, it's up and open, but the thing is, others couldn't see it because they think that investing in let's say Bitcoin is very easy and it will make them rich. However, that is not the case, you need to set up your goals, and specially be a long term holder.

Look at the bigger picture, zoom out and you will see that Bitcoin is better for long term hold and we have heard investors making good gains in one cycle. But the thing is that even if this is already well known technique, still there are investors who doesn't want to used it or afraid that they can't go long and hold. It's just mindset I believed, and deliberately believed that you can do it, that you can be a long term holder.