Post
Topic
Board Nigeria (Naija)
Re: Invest in Bitcoin for long-term purpose.
by
MainIbem
on 12/11/2024, 13:49:24 UTC
Anyways this should serve as a lesson to our country men who are not disciplined enough to resist taking profit at any upsurge they come across, Bitcoin investment is for long-term purpose and their's more to profit in future if only you follow according to the concepts of Bitcoin investment, everyone should emulate Micro Strategy and keep holding and buying more instead of taking profits you could see how much they would've gained in their portfolio if they were more patient enough, Donald Trump even made a statement during his campaign days that upon his return to power, he make U.S the country with the highest Bitcoin reserve and hold for the future that's to say he understands that Bitcoin investment is for long-term goals and not something you invest to take profits over any rise in price.
I think there is something we seems not to understand about investment when it comes to bitcoin or cryptocurrency investment. You can decide to invest for long term while Mr B plans to invest for short term, what matters here is choices the ability to accept the risk associated with the investment that is why people choose the time that is best suitable for them.
I can decide to hold for 8 years which is after 2 circle and I sell off, while others may decide to hold for 4 years and sells off, the thing here is that if they reached their target and the profit they wished on. Yes, before they sold they were also on profits and aren't sold on a lose instead on a profit.

From the look of your statement it may seem as though you're the one who doesn't have a clear understanding about Bitcoin investment and the question is, was Bitcoin investment meant for short-term or long-term? If long-term, then you reconsider your statement and correct yourself cause 4 years interval is not short-term. Well I might be wrong by not checking how long they've held the seized coins but then any investment below 4 to 10 years interval is short-term and latter long-term, so you saying Mr B may decide to hold for short-term is not clear.
Lot of people with what they considered long term or short term, I think you are the one who are getting everything twisted over here as you seems not to comprehend the meaning of long term or short term.
Like I know short term is in between 1-4 years can be considered short term, at least experiencing one the circle can be considered short term.
Then if we talking about long term, we can talk it from 4 years and above, some people considers 8 years above to be long term. But in summary, people mostly target the profit they wanna make from investment for example; if my target is 4x or 10x whenever that is met I can decide to sell off without even waiting for the specific years to come, whereas there are people who mostly have that interests to hold for 10-20 years even though the price hits 100x without reaching that year they had in mind they won't sell.

Same thing I said but you choose to confuse yourself about the whole statement, I'm fully aware that when you talk about long-term Bitcoin investment, then you should be considering above 4 to 10 years and anything below that for instance 1-3 years is considered short-term, you can go through my profile and check discussion concerning Bitcoin Investment outside this board that am involved in an you'll see for yourself that I've acknowledged that severally. Infact why would you relate a matter of choice in Bitcoin investment, I know that their are people who are not disciplined enough to wait for about 4 to 10 years interval are you encouraging them to keep it up when you're fully aware that long-term investment is about 4 to 10 years? Stop contradicting yourself please.