Quote from: ultrloa on Today at 10:00:42 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.

Looks like both of you talk about trading since you really need to pay attention with the price of bitcoin each time you execute your buy orders. But that's not the main thing here people here are into long term investment by using either lump sum or DCA method. If you insert that trading perspective on a hodl discussion for sure that lots of people will not agree with you since people will think about that you are putting yourself on huge risk situation and people would provably don't like the idea implying here.

So instead of thinking about for short term gains or always look forward to see a dip why not try to explore the good potential of bitcoin holding since for sure that you can figure out that this is way more better than trying to risk your money on high volatile scene which many people got burned on unpredictable characteristic of the market.

The set of people that has motivated a lot of us that are now into Bitcoin investment is not Bitcoin traders but those that has been accumulating and holding for a long term seeing how successful they have become through Bitcoin investment, I can't say some person's are not making it through Bitcoin trading but the ratio is small and the risk is too much the lose too has made a lot of newbies run away from Bitcoin investment.
Bitcoin is volatile and in other to win and also have peace of mind you need to engage in long term investment so as to avoid being frustrated.