Post
Topic
Board Speculation
Re: Road to 100k?
by
Agbamoni
on 24/10/2024, 23:53:28 UTC
Looking at the market is a totally different action from timing the market. When an investor takes a look at the market, he/she wants to know a certain thing about the market and to stay informed in his decision making. But to someone who is timing the market, he is literally doing that because he wants to know the exact/perfect time to buy Bitcoin which is nearly impossible if not completely impossible. With my level of experience, i have gathered from the knowledge i have. Looking at the market makes one to stay informed while timing the market is dangerous and it keeps one behind


This is more of a trader not an investor, a true Investor won't sit down waiting for the right or perfect time to buy bitcoin. Rather a through investor would focus on how to build his bitcoin Stashes,  and how he or she can secure a better bitcoin investment. Because while you're waiting In form of looking for a better entry you are only delaying the growth of your bitcoin Stashes and you may even endup missing out .

Amd checking of market regularly is not appropriate as an investor, because you are only putting your emotions to test. Which have cause alot of folks to sell their bitcoin too early , like when bitcoin hit $69k like few days back some folks still sell or sell from their holdings because of the slight increase in market price , but in a long run you are only increasing the chances to miss out big time
I now understand that most of you guys don't read through a conversation before spilling whatever you think you know that is a general knowledge to all investor. Who doesn't know that timing the market is more like a trading action. I completely was letting the other guy understand that timing the market is wrong. And it is allowed for us to look at the price of Bitcoin but that shouldn't be a criteria for investment. Looking at the Bitcoin price should not be something we rely on to buy or not to buy Bitcoin.

If i ask you what is the price of Bitcoin today, you want to tell me you don't know? If you know, how did you know if you didn't check the price on coinmakrketcap or perhaps whatever means you use to do that.

Next time you and Pi network should pay attention to conversation before spitting out words you have already said here thousands of time.