⭐ Merited by JayJuanGee (1)
I like your input. The rising prices shouldn't be a criteria to stop accumulation and watch the price keep going up. Rather it should be enticing to motivate us into buying more . This is the part of the long term growth potential. Rising prices create positive energy and momentum to attract more investors. So we shouldn't be left out in the list of investor who are buying more and more. Also, Bitcoin keeps going higher in the long term and it attracts main stream with time, its value will continue to keep rising making it seem like a good time to invest more into it.
Of course BTC is getting more and more attractive in price and makes people keep coming to buy it. I think what you said is appropriate where growth and price increases are also one of the encouragements for us not to be late in increasing our BTC asset ownership per time.
It's just that for those who like trading and short-term play, it might be a bit troublesome to monitor the graph where price reversals are very vulnerable to occur at any time like now
, even though the increase is still normal and not too significant.Practicing trading and short term does not support accumulation rather it hinders a newbie from accumulating comfortably. Trading has to do with monitoring the price of Bitcoin which is bad at that early age. Any beginner in Bitcoin who start his/her investment by buying and selling will not reach their goal at the appropriate time if not reaching it at all.
It is dumb to be trading such a valuable asset like bitcoin, especially if you have goals to accumulate more of it rather than getting dollars that may or may not even hold their value.. Of course, we already know that dollars do not hold their value as well as bitcoin, even though in the short term it can be a bit confusing as to which one might be more favorable to hold in the short-term.. .yet at the same time, part of the rationale to not get caught up in short-term thinking in regards to bitcoin is to perhaps recognize some bitcoin attributes that cause it to be amongst the best (and actually probably the best) of the long term storages of value, sound money and/or the one that is not going to depreciate in value especially over the longer time frames, but hey whatever people are going to do what they are going to do when it comes to trading the most pristine asset so far known to man.
Your first phrase truly speaks all about Bitcoin. Why would anyone tend to trade an asset with so much value? This means only one thing, and that is the fact that they don't know the value of Bitcoin which is why they take such a terrible action towards it. One good way to know the value of Bitcoin is by learning about its investment, buy and hodl. 10 years and more would probably show the evidence. Although not every beginner would want to try it now because they are waiting to see the evidence first. Unfortunate for them when it get to that time, they might end up regretting why they didnt buy now.