Quote from: Tmoonz on November 12, 2024, 02:10:46 PM

Quote from: B-BossMan on November 12, 2024, 12:26:13 PM

Its always advisable to consult experts before making decisions on investment to minimize risk in investment,because bitcoin price fluctuations can be unpredictable.
I know quite alright that whenever the price of Bitcoin rises it always be of benefits to long existing bitcoin holders,long term investors and others, Because they see their values increasing,it's very good to be happy when you are making unexpected profits and progress,because it can give you more courage to invest more on bitcoin cryptocurrency,Now i still want know when the bitcoin price falls, who are those the fallen prices directly or indirectly affect the most?

Apparently those that are mostly effected when price of Bitcoin falls are those that come in to Bitcoin with only the motive of maximizing Short term profits, they can become devastated and terrified whenever they see Bitcoin price fallen because all they are only after is making profits from over short term, but when it comes to an investor who's intention or motive is to buy and hold Bitcoin for a longer period of time instead of worrying about the price fallen they maximize such opportunities to buy more Bitcoin in to their bags and even at a lower price compared to buying from it's previous highs, that is to say it is best to buy and hold Bitcoin for long term of about 4 to 10 years or more of not getting worried about the price fallen, which is better than chasing few dollar profits.

I agree with you, every investor should have patience and long term view when investing in Bitcoin.
Investors who invest only for short-term profits often end up in despair, because they panic at the slightest rise in Bitcoin, and sell their holdings at a loss. But later Bitcoin pumped again and they were depressed and just regretted.

But those who know about the true potential of Bitcoin, invest in Bitcoin for the long term, and consider price rises as buying opportunities.
Holding Bitcoin in the long term will make every investor profitable, because the history of Bitcoin proves that Bitcoin is a profitable currency in the long term, so Bitcoin is considered a long-term asset.

So every new investor should plan long term, decide to hold for 6 to 10 years or more, and maintain DCA regularly to build a strong source of income. An investor can definitely benefit from this in the long-term.