Quote from: Falconer on Today at 06:46:42 PM

Quote from: lixer on Today at 05:22:24 PM

Quote from: Tmoonz on Today at 09:08:28 AM

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This is so true and not many people realize how true this statement is until too late. We are not in this for the quick money, and the ones who are in this to get rich quick will usually end up losing all their money as well, the ones who stay for long term and wait and hold are the people who make the real kind of money.

I personally believe the best thing you can do with what you have could be investing for the long term so you wouldn't lose any money on it. I believe this will not be simple because bitcoin is volatile and you are going to see many ups and downs, which makes it emotional and hard for many people to make some mistakes but I am sure we are going to end up with a result which profits if we can wait long term.

Each investor's approach to investing their money in bitcoin is different, but all of them basically have only one goal, that is to get a return. It's up to them how they have a strategy and stick to it, the investment time frame and the amount of money spent, the point is that they should not ignore the risks, both price volatility and security risks, when they store their bitcoin.

Many people always say long term is the best time to get returns from bitcoin, while some investors only need a several months or 1 to 2 years to make 2 to 3 times returns from their investment. This is sometimes about time and knowledge, but not limited to the respective strategic approach.

If only you can consider having the power of compound value of your investment over time, long term investment plan is the best because it maximize the value of your investment over time. However, as for me I don't consider anyone holding Bitcoin for just several months or anywhere less than 4 years time line as an investor but rather to be called a trader, even though anyone can do whatever they like that fact remains that our plans should be within our tolerance level as regards to making an informed decisions, chasing short term profit has lots of disadvantages than advantages when compared to buying to hold for as long as necessary.