Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Road to 100k?
by
I_Anime
on 05/10/2024, 15:21:36 UTC
⭐ Merited by JayJuanGee (1)
Hopefully, you realize that if you are DCA investing, then you are going to have some invested DCA amounts that reach 4 years sooner than others, and if you lump sum invest into bitcoin, then surely those lump sums should have at least 4 years to mature, and hopefully no one is thinking about just getting in and out of BTC with 4 year minimum timeline, absent some compelling reason, and most likely they are going to be better off to start some kind of price based and/or time based withdrawal system with their BTC rather than just getting in and out.. absent some reasonable basis.. So if there might be ideas to draw income from an investment, yet other times, there are reasons to complete draw the principle rather than merely drawing income from the investment.

Yeah I got your point concerning the in and out, is like after one reached the point of having enough bitcoin stashes in their portfolio, is not encouraged , for that individual to go all out when withdrawing from their investment ( withdrawing everything). But rather find a system or method he or she can use when it comes taken profits from their investment without, selling all their bitcoin.  And it's actually a nice thing to do because after holding yah Bitcoin for like 4-10 years , bitcoin price may not be the same again, it may even be far higher than we never imagined it to be  . So selling all your investment won't be smart because you literally accumulated Bitcoin when the price was low during those years , and you may not have the opportunity to purchase Bitcoin at such low price again, like how folks that purchase Bitcoin during the price range of $100 don't have the opportunity to purchase it that same price agaij because the chances of Bitcoin going back to that range is too low ...



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.
Even if some folks try to deceive others and create different type of thought because they accumulated with huge amount it’s still not yet time to sell, what makes bitcoin investment grow is the consistency and time we put to make sure we make better profit but, aside profit a long term mindset is absolutely the best. Traders can’t hold their bitcoin for long without withdrawing profit and the surprising part is they don’t care if the investment will fall probably anyone making such move Should be ready to face lose, the idea 4years is just an example and if getting to 4 years anyone can still accumulate if they feel they’ve not gotten enough although the idea of a satisfied portfolio can’t be determined.

Normally most folks are blinded due to the mindset of getting reach quick in Bitcoin or cryptocurrencies in a whole . That's why they usually choose to waste their resources, by going into trading for short-term profits without any solid knowledge, because to want to make it fast in this space , rather than for them to take Their time and build a better long-term investment in Bitcoin, that will sustain them
During their time of retirement. Though it may take to time but the whole process worth and you will know that when the time comes.