Quote from: Lidger on Today at 08:37:35 AM

Quote from: lepbagong on Today at 02:53:20 AM

Quote from: asrinur on September 24, 2024, 09:09:10 AM

Experienced people will never buy Bitcoin when the price is rising, they tend to wait for the price to drop and then buy and store it for a certain time to take big profits later. Therefore, in investing in Bitcoin, never FUD and FOMO and must be able to manage emotions so as not to get caught in big losses.

I agree with you, that in the end it all depends on ourselves whether we can use the situation to be able to get profit for a certain time or a long time by buying bitcoin when we think the price is worth buying and holding, so that when it increases, it will be sold to make a profit.
Investing in bitcoin does require patience because sometimes the time does not come immediately to buy or sell it. If you are smart at getting around it, you will a profit in time. If you continue with the existing emotions, losses will occur.

Adequate patience is required in investing in Bitcoin and holding that investment for a long time. There are many differences between an ordinary investor and a professional investor. Not everyone can take up the challenge of holding investments for long periods of time. The market changes regularly, many times it is seen that within a few days of investing, a good amount of profit is made due to the volatility of the market, and a lot of money appears temporarily, it is very important to be patient during that time. Those who can't be patient may sell their investments at that small profit and there are some investors who get excited and sell those investments when a temporary loss occurs, but the actual investment activity is not carried out by that investor. After investing, investors need to be patient enough and take risks and take each and every change in the market normally, only then we can hold the investment in the end.

I don't see the potential for risk in long-term investing with Bitcoin if an investor wants to continuously grow Bitcoin with the DCA method. An investor should tend to hoard any amount of Bitcoins he can afford to counter the potential risks. Any investor, professional or ordinary, if he has the patience to deposit bitcoins at regular intervals, he can surely reach his goal. Yes, a professional investor may be more experienced and can take advantage of bearishness and have more buying power and get more holdings in a shorter period of time. If the ordinary investor can complete multiple cycles with a patience with a long-term objective, he can get relatively large holdings.

I think the risk level is 0% in the long term Bitcoin accumulation trend unless something unusual happens in the world. Patience is one of the great qualities that every person should have, not just in investing but in everything. You can only hold patient when you have enough floating cash to protect the invested capital in case of emergency because the combination of both cash flow and patience can build up a large bitcoin holding.