Post
Topic
Board Speculation
Merits 3 from 1 user
Re: Buy Buy Buy or Sell Sell Sell?
by
Salahmu
on 26/09/2024, 10:02:59 UTC
⭐ Merited by Tungbulu (3)
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.

The whole point is actually getting me all confused because at first you are talking about buying Bitcoin when the price is worth it and start holding and the next minutes you are advising of selling the investment when the price increases to get profit, I don't understand the kind of strategy you are using to invest on Bitcoin because you seem to be understanding trading to be a long term investment because that's exactly what your statement is totally implying but you should no that long term holding is far better than selling your Bitcoin you have accumulated because of the opportunity you saw, so actually with holding you stand a chance to even benefit more better results than any profit you may be talking about now.


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.

The funny thing is that sometimes most people feels that they are very smart to figure out there way around the market in other to be earning profit from there investment without knowing that when the market will cut you it will reap you off of everything you have profited from it including your capital and by then you will no longer see yourself as a smart investor, negligence is always the challenge most people normally have, they would no the outcome of there decisions but they would choose to ignore it.


you don't just invest 50% of your income just because you want to be fast in accumulating your Bitcoin without considering the unexpected financial problems that may like come, your way once you start the accumulation process, lets not forget that the higher you earn the higyer your expenses, so for me I think using 30% or 35% of your earnings monthly or weekly for your bitcoin investment is  better to enable you Carter for other essential needs.

You are getting it wrong because the 50% investment we are actually talking about is from your dictionary income since they are just funds remaining after all your expenses, so it shouldn't be a problem if you decided to use 50% from there to channel into Bitcoin accumulation, however don't forget that when we talk about 50% we still have more 50% remaining so the remaining can actually work for the purpose you are talking about and is going to be very fair because it shouldn't be seen as someone who is aggressively investing.