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Quote from: Rabata on September 28, 2024, 12:02:38 PM

Honestly, as investors, we should not always focus on getting Bitcoin at a dip price by all means, because by doing that, it is possible that someone may never get that dip when they need it. This means they may have to wait for years, which is possible even during a bear market, as the price of Bitcoin may not drop to the level they want to buy at. The best approach for investors is to always see any Bitcoin price as an opportunity to accumulate more. In fact, using the DCA (Dollar Cost Averaging) method to accumulate Bitcoin at different price levels is a smart strategy. As long as someone has a plan to hold Bitcoin for a long period, they shouldn't worry about waiting for the dip. Long-term holding often results in reasonable Bitcoin profits.

It would be great if we could see some of the profits sooner rather than later for investing in bitcoins like we see now especially those who are new to investing in bitcoins. In fact, it is not right to think that investing in BTC will make a profit in a short period of time, because after investing, you must think about the long term in order to get profit from BTC. Here Aslam invested and walked away with a share of the profit, it is not like that.

I personally feel that people who cannot think long term should not invest in BTC. And those who think long term only invest in BTC. When thinking about Bitcoin, it really has to think about the long term. Nothing good can be expected from here without long term investment.

Bitcoin investment profits yield overtime after a long term process of building with commitment, dedication and discipline in other to avoid or not falling into the uncertainties of the market. Unlike trading that requires short term profit or sooner profits which is difficult to achieve in short terms. Having a short-term profit mindset can impact your long term investment strategy. stay focused on the bigger picture and not get persuaded by the desire for quick gains.

Having a sooner profit mindset can lead to impulsive decision making, which may result in missing out on the potential long-term growth of investments.

Dude you are sounding like trading is a crime which is very wrong and again the way you are emphasizing on it can make someone who's into trading look stupid. So I will suggest you keep this kind of discussion low or better still leave it because that isn't what are we supposed to be discussing here, after all I have seen someone who's trading and at same time doing investment and trust me everything is going smoothly for him and I keep asking myself how is that possible and then realized that everything is about mindset and having the ability to make it work. not that he doesn't make loss off cause he do make loss.

I don't see anything wrong in what they're saying, trading is very risky and not a good ways of accumulating Bitcoin and that's a fact, it's not something new investors should embark on cause of the high risk factor involved in it, someone that's thinking long-term shouldn't pick trading as an option cause it has short-term goals and the investors could lose more than they're trying to accumulate. That's why they advised that people thinking of accumulating enough Bitcoin without losing out completely should think long-term then use good method like the DCA and it's kind to help on your investment journey and not trading. People who involve in trading are doing it at their own risk and moreover you don't lose completely when buying and holding Bitcoin for long-term, you'll lose based on volatility and still recover your lose so far you're buying periodically.