Quote from: Litzki1990 on Today at 04:56:35 AM

Quote from: Dzwaafu11 on November 04, 2024, 01:16:22 PM

Quote from: Litzki1990 on November 03, 2024, 07:33:17 AM

It is clear that after making a long-term investment, if an investor monitors the market regularly and due to small changes in the market, that investor himself is affected and sells his investment, then this investment strategy is not called a long-term investment. If an investor sells his investment at some profit after purchase then we will consider it as early trading. Investing is not as easy as it sounds. In long term investment planning an investor needs to be patient enough and have the mindset to sacrifice a lot. After investing it is normal to make profit or loss due to market volatility, if you cannot hold enough capital during this temporary profit or loss then the investment is worthless.

Some investors believe that if they invest and see a small change in the market, it is appropriate to sell and take the profit, and it's wrong. As we often repeat, an investor who is willing to invest in bitcoin for a long time is anticipated to sell his investment after three or four years because, historically, the market always reaches an all-time high after that time.

However, many investors fail to comprehend when they should expect to make a significant return from their investment; it is best if they continue to invest throughout this period and wait at least four years before extracting profits.

If investors are affected by some general changes in the market, they will not be able to hold their investments for long. Holding investment is not easy at all, maybe when a new investor is involved in investing they think that investment is very easy and they can definitely hold their investment for a long time. But the problem here is that after investing, that investor may face many financial problems or may need a lot of money, but investors may think that since they have invested some amount of money, they should sell that amount of investment to meet their needs. Even from such an idea, many people cannot maintain the continuity of their investment for a long time. But if an investor makes a proper plan before investing and is able to do everything according to plan then it is possible for him to hold his investment for a long time.

Investing and at some point selling your bitcoin investment due to some financial challenges is lack of having several back up funds like an emergency funds of 3-6 months of your monthly income and a reserve funds to backup your emergency funds. All these funds are very important to have as an investor because you don't know the unforeseen challenges that will arise during your investment journey. Back up funds is a necessity for any investor to have in order for him to be able to be successful in his bitcoin investment, otherwise, you will be gambling rather than investing. This is the reason you should use only your discretionary income to invest in bitcoin.

Quote from: Miles2006 on Today at 01:42:14 PM

Low salary earners still accumulate Bitcoin but there's a way they plan towards holding they never get affected during the long run.

Anyone can invest in bitcoin as long as he has a discretionary income and he is using part of his discretionary income to invest that he will not be needing for a long time, be it low salary earner or not. If a low salary earner does not have a discretionary income, there is no way that he will survive in his bitcoin investment because he must sell it when he needs funds for his needs.