Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
adultcrypto
on 30/09/2024, 15:16:05 UTC
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.
If you are looking for quick profits, you might be disappointed with bitcoin because it does not always come when you expect it. So instead of putting your mind on seeing profits quick, why not change your mindset and buy to really hold for years? That way you will not be eager to see profits even when you know that profits will always come with investing in bitcoin. The urge to see profits so fast can only lead you to making mistakes like waiting for the bottom which you cannot always know and thereby missing to buy or buying with FOMO. The best is always to adopt any of the systematic way of buying such as the DCA method, buying the dips or lump sum buy or even a combination but in all of them, you must set your mind right that you will be holding for a long time because that is the peaceful way of realizing maximum profits from bitcoin.