Quote from: Dzwaafu11 on November 12, 2024, 07:31:23 PM

Quote from: Adbitco on November 12, 2024, 11:06:03 AM

Quote from: MainIbem on November 12, 2024, 10:47:34 AM

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.

Exactly. Every investor has their own target; most people invest for a long time and some invest for a short period of time, as you said earlier, but not everybody understands that concept, which is very, but I see this as a target. Before you invest as an investor, you must have a target that when the price reaches some certain amount, you will sell your investment regardless of how it is for.

You have already set up a target that you will sell, although you may decide to change your mind after you see some progress in where you invested the money, whether bitcoin or any other cryptocurrencies, but it should be bitcoin since that is the coin we all believe it has the potential to put our money into for a long period of time.

I don't know where some of you got your ideas about Bitcoin Investment and you're even saying exactly thinking you're right, please Bitcoin Investment doesn't have short-term features for goodness sake, you buy and hold for long-term which is about 4-10 years, though some people are not patient enough to stay that long and take profits at any little opportunity before that interval, but that doesn't mean they're making the right decision when ìt comes to Bitcoin investment, if you all are saying it's by choice that means you're encouraging people to Invest and take profits before 4- 10 years interval, you are making points and contradicting it by relating Bitcoin to short-term goals and claiming it by choice is that the concept of Bitcoin investment at the first place? people can make wrong decisions and go against the concept of Bitcoin at early stages maybe due to certain circumstances but they're nor right and relating it to choice is like encouraging more people to go against the concept of Bitcoin invest which is buying and holding for long-term (4-10 years interval).