Quote from: Agbamoni on Today at 02:10:52 AM

Quote from: LUCKMCFLY on October 16, 2024, 05:09:13 PM

Quote from: I_Anime on October 12, 2024, 09:04:45 PM

Like for instance one kept buying bitcoin as the price continue to dip , rather than selling it. Whenever the price begins to rise or increase that folks would be in a good profits , that's far higher than those who actually buy Bitcoin once with the use of lump-summing.

If everyone thought that way I think there would be a lot of collective intelligence in finance, but unfortunately many think it but do not act, and that is something we see daily, it is not only said but done, and most penops when they have their money they want to see immediate results and that is something that cannot, or at least should not be achieved so quickly, only those who take the risk and achieve it, either in a casino, which I do not recommend or trading, but they are very big risks and in most cases they lose, so I think that going slowly but surely is the best, that is why even if it means buying little, but buying.

I often say this, trading and investing are two different things. We cannot risk our money only to take the profit in less than an hour or two days and we call that investing. A young investor should invest in Bitcoin at least 10 to 15 years minimum to achieve great benefit from it. Anything other than that can be seen more like a trading and a get rich quick mindset. Investing in Bitcoin is knowing its true value and keeping it till then.

I wouldn't totally agree with you that it's untill you've bought and left your Bitcoin for 10 to 15 years that you've actually invested in Bitcoin. It's True that If you've done that for that long a time, you've grown to become a matured investor but still, anything that's up to a circle or a period of four years is enough to be looked at as a long term investment. It's not as though once you've accumulated up to four years you should just sell off your Bitcoin but when you've gone that long, it now makes more sense to you and you can proceed to accumilating for as long as you want up to the 10 years or 15 years or above. Those numbers of years are all at the range of an investment circle. In addition, just investing for a period of 10 years or 15 years is not what guarantees your profit or what makes you better position for profit that someone that only does his accumulation for a period of 4. If within an interval of 4 years you're able to accumulate more than what some other person uses 15 years to accumulate, then you're a better investor than he his.

Quote from: Agbamoni on Today at 02:10:52 AM

I have come to understand that great wealth comes only when we store value over a period of time and hold it for decades. And that should be the same for Bitcoin, cos it is such an asset with great value.

true. There's a thread that talks about "making Bitcoin investment your savings account and it made a lot of sense to me. The value of your Bitcoin holding after you've invested for a long period of time through the DCA methord will amount to something really tangeable and you will discover that you've not only saved up for the future but that your investment has yielded a good profit for you. The sooner we start investing while Bitcoin is below $100k, the better it will be for us going forward when Bitcoin would have surpassed these prices.