Quote from: tygeade on Today at 07:26:49 PM

Quote from: michellee on Today at 08:01:15 AM

Quote from: Dewi Aries on October 09, 2024, 03:46:30 PM

Basically I say that Bitcoin is not the right place for you to treat the asset like other assets such as forex, you can indeed benefit from the up and down scenarios but it is very unlikely to get a big profit (unless your balance is equivalent to one Bitcoin), because we can see that in the short term the up and down of Bitcoin is only a few percent such as 5% - 15%, meaning this is an asset that is not right for scalping, and that is why many people say that if you want to get a big profit then you have to hold the amount you accumulate in the long term.

On the other hand, as a good investor, of course, you must have the right knowledge regarding how to execute the market at the right time and place, simply by knowing when is the right time to buy and when is the right time to sell, but if we talk about Bitcoin as the object, there will be a fairly long gap between the time to buy and the time to sell if you really want to get big profits, but on the other hand, of course, I will also advise anyone to always dedicate themselves to learning various correct market analysis strategies, but for Bitcoin, I think fundamental analysis is the most suitable.

That will not always right because if you use DCA method from a long time and you can collect many satoshis, you will see the profit will be bigger especially when Bitcoin price increase. You may remember when Bitcoin price is lower than $10k and then the price jump so high to more than $20k. That is a big profit, right?

The thing is you need to accumulate more and more for some specific time. But if you decide to trade Bitcoin, you may see a small profit but that will not be problem because you can make more profit and that means your profit will be bigger. This day, the price seems want to increase but the moves is slowly so it is not easy to analyze the market now.

Bear period accumulation is the best one, but do not stop during bull period right away neither because we end up seeing more and more, sure you can stop when you feel you are nearing peak, but try to get more when you are dealing with what you already have, it will make it a lot better for you. I keep accumulating for years, before ı even consider selling, sometimes I do not even sell during that time and end up with a more accumulation.

This should be something we all deal with, and not really a big problem at all. We believe we are going to see this growing to a bigger price soon so accumulating right now isn't really a trouble, there will be a time when we can do all of this and not have any trouble at all, will make good profit if we accumulate right now. We have seen under 20k during last bear run, we should have been accumulating back then too, but this doesn't mean we are not going to make profit from what we have right now neither, because we will.

If you would really be that going for long term then it would really be just that fine but if you are someone who do really likes on playing with the waves then it will really be that something recommended that you should really be that mindful about on the slightest movement whether it would be on dumping or pumping time on which you do need up to consider whether you should be buying more or selling out for profits.
We do know that it will really be that depending or basing up into someones capability on handling out market volatility on which we know that its never been simple or something that will really be that easy to be done. This is why outcomes or results is something that will really be that hard on this case. For the current price of Bitcoin on which people had started to predict that it will really be able to touch up 70k
soon basing up into its bullish momentum, but look at on where we are now? We are below once again on 59k and this is something that which is really that normal. So better expect the unexpected as always when it comes to this manner.