Post
Topic
Board Speculation
Re: Road to 100k?
by
JayJuanGee
on 04/10/2024, 04:30:36 UTC
Imo I won't advice any newbies to fix their mind in this bullrun as their gaol , because I believe that alot of newbies are already planning on how to sell their Bitcoin during the price range of $100kish  , which by that time some folks may have not accumulated enough Bitcoin for themselves and that would seems like more of trading than investing.
Not only newbie, but what I want to let you know is that theirs some people whose investment in bitcoin is long-term investment and theirs some investment is short-term investment, so probably those ones their aim is short-term investment do concentrate on profit of that moment, they don't think of the future market of Bitcoin determination, what I really wants us to understand is that bitcoin investment is directly meant or invest due to your obligations towards the investment, the thing is that anyone who have in mind to accumulate bitcoin will allow it to last or stay for period of some years.

There is no such thing as short term investing.  You are using the term short term investor to describe trading. ... So when it comes to bitcoin anything less than 4 years is not investing.. it is trading. .you are wanting to play some kind of a price wave.  Yeah you might fool yourself into believing that you are investing because you have 1 or 2 or even 3 years, but you are just playing the trade.. Most likely to really consider bitcoin as an investment you need to think in terms of 10 years or more... otherwise, it seems that you are mixing up trading and investing, since it sounds like you are just trying to get in and then out of it with some short term fiat profits and you are not really considering holding it long term.

Call it whatever you like, but you are misleading others and maybe even misleading yourself if you think that getting in and out in a few years is actually investing rather than trading.

There may be some exceptions to the idea because for age reasons or for health reasons a guy might not be able to be sure that he has at least 4 years to invest into bitcoin, and in those cases, he might not be in a position to invest into bitcoin if he does not have at least 4 years, and he would be gambling or trying to play a price wave that might not end up working out for him.