Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
Olatundespo
on 23/11/2024, 06:45:39 UTC
It is not a new thing that buying bitcoin for a long term is the key success for an investors who has the understanding of bitcoin investment. And the subject makes.it clear for everyone here. It is to buy and it is to sell. In investment you buy and keep it for the period not time which is still low and once it is up to the time you will like to sell them you sell it and take your profits and this is the time of selling. Even if not all it is better to taste the $99k to the $100k then continue again for another All Time High for a long term investment. Investment should be on stages. And I think this is one of the stages to sell. Though it is not for all but those who like to.
Even though currently the price has almost reached 100K, for some people this price is not the main goal. Because bitcoin investment is an excellent store of value asset, many people who invest in bitcoin are not only looking for fiat profits, but the main factor is that bitcoin is an excellent store of value. So if you are a trader, maybe selling bitcoin right now is quite appropriate. But I won't do that, because I invested in bitcoin for a long time, so selling bitcoin now is the same as ruining my original mission.
There are countless investors like you in the bitcoin market who set a target to hold on to fiat in the short term and only have the ability to successfully reach their goals. For a trader following a simple strategy to get limited profit that sounds like gambling and I find it more favorable to withdraw from the decision to sell high profit at low profit. When you learn to go against the flow, it will be difficult for you but the results can be very rewarding and you should always strive for the hard earned achievements.
Setting a strict time line for Bitcoin and accordingly saving any amount regularly is enough to make your holding successful. We should set our investment plan with the possibility of Bitcoin hitting $100k value in just a few years and further increase in value over the next 4-10 years period so that savings can grow multiples.