Quote from: I_Anime on September 10, 2024, 09:04:28 PM

Quote from: sotelorene on September 10, 2024, 08:17:30 AM

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

Can you explain the investing wisely part.
Because investing In Bitcoin alone is already a wise decision to take , I know that their are steps to follow when investing and accumulating bitcoin, steps like having an emergency funds, method of accumulating etc . Most time some people will want to play smart they will sell their bitcoin when there's a slight increase in price , with the plan of buying back when the price drop back. Calling them self investors while as they are more of a trader, trying to play with the market wave and most time they always endup with little profit or none because they lacks patient.

So there's no complex way to accumulate or hold Bitcoin, just put things in place ( like emergency funds and others) , accumulate and hold as long-term investment.

What I meant by investing wisely and smartly is knowing what to do during your investment, most people invest in Bitcoin and don't know what to do that's why some panic and some sell at loss and again it's not about having emergency funds and others rather it's about, how can one be able to play around with them. There are people who had these emergency funds and others yet they don't know how to go about their investment. Selling Bitcoin after investing due to variation in the market means lack of trust and it can also mean lack of Bitcoin knowledge and understanding.