Quote from: Sticky Bomb on Today at 12:20:29 AM

Quote from: JayJuanGee on October 09, 2024, 08:15:49 PM

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I am yet to see traders who amasses so much wealth in bitcoin over the years, all I see are investors and not just baby investors, but long-term investors and Hodlers. Funny enough most of them are not even planning on selling off yet, which validates the fact that bitcoin still has lots more potentials to increase very much in value and they believe in it, staking their investments for yet a longer time. I believe it is very pertinent to work with provable statistics which is that bitcoin accumulation is the best shot regardless of the temptations of taking out short term gains.

Traders only focus on seeking short-term profits, so they always apply risk management by setting stop-loss levels, and they also set a portfolio percentage to avoid the risk of loss when the market falls. The balance between risk and profit must be carefully considered is key in trading, which is why you have never seen traders holding large amounts of Bitcoin for years.

The Holders portfolio is proof that Bitcoin is reliable enough for long-term investment, but of course it requires the right strategy. Bitcoin has strong characteristics, which is why it can be used as a safe investment instrument in the long term because it is resistant to shocks amidst sluggish market conditions caused by inflation. Bitcoin's large capitalization is an important indicator in determining the fundamentals of an asset, in this case Bitcoin is the champion. So long-term holders do not easily change their investment plans when a major shock is happening in the market, because they believe, Bitcoin never disappoints them.