Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
EclipseXcrypto
on 05/11/2024, 15:06:44 UTC
Also, investing is not a get-rich-quick strategy. That is why it is said that, Invest only as much as you can afford to lose.
We can't judge investment on the basis of profit and loss. Investment for me is like a savings, from which there is a possibility of profit or loss as I invest and finally you are able to save huge amount of bitcoins. This saving involving the possibility of profit or loss is called investment. Our main objective in investing is never to take profit, we do not aim to take profit from long term investment even though there is a high potential of profit. We are not even afraid of losing from investments, because we do not invest money that we are not ready to lose. We have an objective, either we will be able to save a huge amount here or we will lose it all. We will not deny the fact of taking profit, we definitely expect good returns from investments after a long period of time.
The potential for profit is a big motivator for most investors. If bitcoin isn't profitable overtime people would loose interest in investing,  people see the profit in its long term that's why they can invest and patiently Nurture and wait for their investment to get matured so they can reap the benefits,  which is profit. Profit and loss are definitely  major factor that can persuaded someone to invest in a particular investment,  they give indications of how the an investment is performing.  Bitcoin has been performing very well over the years , that's why it's gaining a lot of attraction globally.

Those with a quick gain mindset can loose out in their investments due to the market ups and downs. " a fruit tree takes time to grow and bear fruits"  Investing really is like planting a fruit tree. You got to nurture it, be patient, and wait for it to grow and bear fruits. it takes time to see the fruits of your labor but when it pays off it can be so rewarding. It's hard to see an investor in Bitcoin, who applies the necessary steps e.g consistency, dedication and patience in their investments journey to loose out. Because if you are consistent in your accumulation, your investment will keep growing,  when you are dedicated you stay committed to your investment purpose and when you are patient you stay focused believing in the bigger picture and trusting the process.