Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy Buy Buy or Sell Sell Sell?
by
lizarder
on 06/11/2024, 09:13:14 UTC
⭐ Merited by JayJuanGee (1)
You should know more better that, you will only have this problem when you are chasing a short term profits in bitcoin. But if you are in for the long term, you shouldn't be having this problems, trying to strike a balance wether to take profit or not. Especially if you are still in the early stage of your accumulation, your focus should just be on the accumulation and allow whatever that's happening in the market to play out it is not your business. If you successfully hold your bitcoin for at least a circle, you won't be having any problem again when you want to take profit, because bitcoin price might have appreciated far more than what you got it for. So at that time any price you want to cash in will be profit for you. Because over the years bitcoin price is expected to be making more of an upward trends than downward trends.
The real question with what pattern does someone chase profit in the short term because if it is done on investment then there will be no problem because even if bitcoin gets a correction they can wait for the next increase after the recovery process occurs. Except when people are involved in future trading then the potential for loss or loss will be very large especially if they do not understand trading properly. If you invest, I think it won't be a problem because we can wait for the next price increase even though the purchase price is much higher.

That's why investing is much easier to do and people don't need to think much as long as they understand that bitcoin will continue to gain momentum to rise after the correction occurs. Investing also allows someone to avoid panic because they don't need to check the price all the time, so the focus can be more on how to accumulate and we can slowly collect bitcoins in a more effective way.