Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
SuperBitMan
on 24/11/2024, 12:49:53 UTC
Off cause $100k is not the main goal, it's just a new ATH and people were just anticipating to see it hit that amount and this great progress has really moved some people and even drag more attention to Bitcoin. Anyone who understands the potential of Bitcoin and has a big target won't make a mistake of selling there Bitcoin rather they will keep on accumulating and holding because it's really going to take anyone who sells his or her Bitcoin time to accumulate that same amount
What you said is very true because now it is very difficult to accumulate Bitcoin in the amount that we have previously owned or in the amount that we have sold in the past. But for those who have a long-term target in Bitcoin, of course the current price is not a barrier for people who have such a mindset to continue buying and holding it. Because they actually already understand that if Bitcoin can reach $100K in the near future, of course there is a possibility for Bitcoin to be at a much higher price level in the next year because it will also increase the attention of many parties to Bitcoin. And for now I still think that the potential for Bitcoin to continue to increase its price is still a lot, especially in the next year.
But it must also be realized that there are also risks, especially if you want to enter at a high price, you may have to wait a long time to get profit, it is true that it is for the long term but not always people will be patient when they see the investment they choose the price continues to decline.

The best risk management in Bitcoin investment is involving one's self in long term hodling, we all know that Bitcoin is highly volatile in nature and predicting what will happen in a short period is very difficult and investing your money on Bitcoin in a short term basis is highly risky and should be avoided.
Now engaging in long term hodling reduce risk of lost because no matter how volatile Bitcoin is it is still growing bigger in price but it only takes time that means if you are patient to wait while hodling you won't suffer much lose because by choosing long term hodling you have reduced risk of lost.
If I hear short term hodling all that comes to my mind is trading if you still involve in trading because of lack of patience then get ready to keep losing your money, if we make analysis of people who has made it very big today in Bitcoin investment you will mind out majority are long term hodler just imagine those who has been accumulating consistently and holding since 2012 or 2013 till date, like they always say patience is virtue.
Every one can be patience in Bitcoin investment just invest using discretionary income, have a good source of income and have a backup funds all this will help you hold for long without dipping hands into your Bitcoin investment.