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Merits 1 from 1 user
Re: Buy Buy Buy or Sell Sell Sell?
by
Ruttoshi
on 21/11/2024, 06:01:11 UTC
⭐ Merited by JayJuanGee (1)
Most People I have seen who are into landed property investment only sell land to buy another land at cheaper prices, meaning you can only sell your Bitcoin to Buy more Bitcoin, selling some portion at the top to buy back the dips.
Land is an asset but you don't treat bitcoin the same way that you treat a land. Bitcoin has given us the opportunity to buy with a little amount and you don't need big funds to start your bitcoin investment provided that you have a discretionary income even as low as $10 or $20, you can invest in bitcoin. This is why when you are investing this amount every week from your discretionary income regularly in order for you to be able to be increasing your bitcoin portfolio overtime.

Bitcoin investment is for the future, is just like you are saving 10% of your income in the bank so that you can have a huge amount of money at old age when you can use it to back up your financial life when you are old. This is how you should treat your bitcoin investment, you only add and not take so that you can reach your bitcoin target by staying focus on building and growing your portfolio.

A new investor shouldn't think about profit since he just started his bitcoin investment journey so that he does not make the wrong choice but rather see bitcoin as a means of saving his funds because it is an investment that give you good profit in the long term, since bitcoin price has the high odds of an uptrend movement than downtrend movement since it is in its maturing state.

No matter how smart you think you are in buying low and sell high believing to buy back at low price, you are a trader and you are not exceptional from the consequences of trading. Bitcoin is worth more than land, and so treat your bitcoin investment like something that's not worth selling and precious to you so that you can reach your bitcoin target with dedication and all seriousness by keeping your bitcoin accumulation ongoing, rather than slowing it down when you sell to buy back because that's a dangerous approach for a long-term hodler.