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.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
I agree with your opinion that $100k is not the main goal of a true BTC investor and indeed sometimes if we sell BTC we don't necessarily get the price we bought it for, especially now with the victory of Trump who will become President of BTC. United States, it is very clear that BTC has a bright future. and of course now it has been proven that the price of BTC has exceeded the new price during the bull run yesterday 2021 and of course for people who sell BTC at cheap prices it is now difficult to get BTC at cheap prices.
Yes, anyone who has a broad understanding of BTC and has a big target will definitely not sell his BTC even though it has reached a price of $100k, in fact he will definitely continue to increase the amount of BTC by doing DCA regularly. and what is certain is that over time our number of BTC will increase and what is certain is that in the future we will have a lot of BTC and of course if we have collected a lot of BTC we will certainly be successful.
Yes, for me personally, currently I am still continuing DCA and of course want to own large amounts of BTC.
With Trump becoming president, the value of Bitcoin will increase further and it is probably said that he can take efforts to increase Bitcoin but you should not get too hopeful about one person because after assuming power of the state, his attitude may change or he may make decisions contrary to what he campaigned for to win the election. You should make your investment decisions with every possibility in mind so as to reduce additional risks.
I find the DCA method most suitable for Bitcoin accumulation and through which an investor can deposit his discretionary assets in any amount he wishes on a weekly or monthly basis. For the growth of wealth, along with the income, the amount of Bitcoin accumulation should be increased at regular intervals.
Yes, that's good advice,
friend. If think about it, what you say is true, yes, it's very correct. If you invest in BTC, don't focus on Trump's vision and mission because it's possible that if you focus on Trump's vision and mission, it might make some people disappointed, for example because Trump doesn't carry out its vision and mission well.but yes, by not focusing on Trump's vision and mission, of course that is a very good idea because of course we can do DCA comfortably and what is certain is that mentally we will also be strong. By increasing accumulating BTC, if we have a lot of income, maybe that's a good idea, friend, and I've done what you suggested.
This will help you stay more focus to invest and grow your bitcoin investment for a long period of time with persistent and consistent knowing well that you have a bitcoin target. If you are investing in bitcoin because of Trump, it means that you don't understand what bitcoin is and your mindset will be divided because of many thoughts on different news that you will hear about bitcoin, and there's a high tendency that you will invest in the wrong way and time frame which might lead to big loss and regrets in future. It's these set of people that will say someone is the one responsible for their loss. In bitcoin investment whatever you do, you will be the one held responsible for your actions and no one else.