Re: Invest in Bitcoin for long-term purpose.

Quote from: uche6215 on November 18, 2024, 07:34:54 PM

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

I stumbled upon this from a news channel on Telegram this morning and I was wondering why a wealthy country as Germany would be making such Bitcoin investment errors, the thoughts that ran through my head was, don't they got experts to advise them on financial issues concerning Bitcoin, haven't they been following the previous circles to see that Bitcoin is more bullish during this period, then my conclusions was that maybe their financial experts are not competent, I might be wrong though cause they may have their reasons for taking profits after Bitcoin surged to that amount then. 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 this was in the early days when the future of Bitcoin was not certain and people where still skeptical about Bitcoin and I think today they will be regretting big-time as Bitcoin has surpassed all of their fears and expectations, anyone planning of going into Bitcoin investment should have it at the back of his or her mind that Bitcoin is a long term investment as it price appreciate over time and sometimes it can even come down as the price is not stable but can fluctuate abit sometimes so having a long term investment plan on Bitcoin by holding on to your Bitcoin assets will be a good plan for anyone to get return on investment

What I learnt from the net concerning this is that they sold during the 3rd quarter of this year, I think during the July period if I'm not mistaken so it sometimes that happened not too long from now, and what I understand is that the people from the German police department who sold the coin didn't have a deep understanding of Bitcoin to know that Bitcoin is mostly bullish during the fourth quarter of the last year in a every full circle, Although they made lots of profit cause they've been holding since 2013, I think theybecame too comfortable with the profit and sold which made them miss out on more profits this period. In the month of July, the price of Bitcoin started with 58k and ended with 66k in July 31st, Bitcoin is currently at the 90k plus mark, so you could imagine how more they would've profited now or in the near future when Bitcoin would cross 100k plus, if only they were a little more patient.