Ninjastic
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Board Speculation
Re: Is It Time to Buy More BTC?
by
Mahanton
on 09/10/2024, 18:50:54 UTC
Quote from: Pandu Geddon on September 20, 2024, 06:21:57 AM
Quote from: Yukyzu on September 20, 2024, 03:56:18 AM
Quote from: ivankoh on September 17, 2024, 04:07:56 PM
If your plan with bitcoin is long-term, choose to buy with the idle money you have at any time, there is nothing to worry about. If your plan is short-term, take advantage of the opportunity to buy dips to wait for bitcoin's support waves. Basically, depending on the conditions and plans, I will arrange and proactively buy when bitcoin is at a price that I feel is acceptable.

If you choose to invest in Bitcoin in the long term, it would be better to be able to use funds that are not intended for other needs in the near future in order to achieve the targets you have made before starting to invest, because it is very difficult to achieve targets when we use funds that we cannot hold in the long term.

Indeed, there is nothing wrong with choosing to maintain Bitcoin in the short term, but this certainly requires us to always see market movements so as not to exceed the profit targets that we have previously made, but this will be difficult for us to do if we do not have time to monitor market movements.

Yes, in collecting Bitcoin of course we have to adjust the plan according to the income and also the profit target that we want, but I think choosing to maintain it in the long term will be better and also has little risk and we can continue to collect according to our abilities.

What is an obstacle for beginners to invest in Bitcoin in the long term is the ability to control their emotions. beginners can make plans from various suggestions received to hold long-term. plans have been made but when psychology is not strong enough to face market situations, sometimes moments like that can thwart the plans of novice investors. knowledge can be obtained but experience will determine the success or failure of an investor.

If you already have funds ready to be allocated to invest in Bitcoin, then invest immediately. but if you are still hampered by limited capital, it is better to do DCA which allows us to collect Bitcoin gradually even with small capital. do it routinely and consistently, novice investors can also do it and get benefits in the future.
We are all once a newbie on which there would really be those times or moments that we will really be having that kind of problem when it comes on controlling our emotions. We do know that when it comes into this aspect then we would really be that getting impulsive on the time or moment that we do lose money or on the moment that the market have some crash then it will really be bringing up that kind of emotion that we would really be that become skeptical on doing some investment or making out some entries because you would really be that thinking that the market might really that go even lower. Time for buying up BTC will really be according or depending whether you are a short term trader or someone whose really that trying out to make those long term investing on which we know that there would be people who would really be having their different insights on different conditions.