Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy Buy Buy or Sell Sell Sell?
by
EclipseXcrypto
on 04/11/2024, 15:13:18 UTC
⭐ Merited by JayJuanGee (1)
I agree with you that holding is the most important thing in Bitcoin investment however not short term holding or trading but long term holding if we master the act of long term holding we will become successful investors, the reason why I decided to make it clear is because of newbies if one just say holding some set of newbie may think about short term holding or trading and which is very risky.
The only way to reduce the risk of losing in Bitcoin investment as an investor is by engaging in long term Bitcoin investment, holding your Bitcoin for long will help you relax and stop panicking, those who are into Long term holding Bitcoin volatility won't be something they should be afraid of because the longer you hold Bitcoin the more successful you may become.

Any newbie who categorises short-term holding and trading as the same thing has a long way to go as they need to learn the difference and make a decision on which one they want to do and which one will favour them.
 
Another thing is that long-term holding always brings a high chance of profit, b but it's not always guaranteed if you are in for long-term holding and your target is profit.

The person should have a target as there are times when you can just wake up after a long waiting and try to sell when the market is on bleeding level, which I don't consider a good one. Long-term holding and market target should also be considered. 
There's nothing like short-term holding when it comes to bitcoin investment, anything short-term implies or refers to trading. Reaping the profits and benefits of bitcoin investment mainly lies, when you approach it with a long-term mindset. Long term approach helps one to be patient and strategic with accumulation to grow your portfolio effectively. Due to Bitcoin volatility its very challenging for short term (trading), but with long-term perspective it really helps to ride through the ups and downs,  which enables an investor to benefit from the growth of Bitcoin over time.

The purpose of investing is to make profit but for an investor to profit from it's long-term holding they must be consistent with accumulating of Bitcoin. Long-term hodling with consistent accumulation will likely position your investment for profit over time.