Quote from: Tmoonz on November 28, 2024, 08:01:10 PM

Quote from: Fiatless on November 28, 2024, 07:25:58 PM

Quote from: Natalim on November 26, 2024, 09:58:53 PM

Quote from: Crypto Inferno on November 21, 2024, 07:44:59 PM

I can imagine how those that sold their BTC when it was less than $10 feels right now. BTC getting to $99k feels so surreal. In the last 8 months, it was as low as $25k and it felt like a pain, but look at it now. There's no true wealth that can happen without patience.

https://x.com/BTC_Archive/status/1859677954105815477?t=3pEN2ZMTcMqTP3FsoE734g&s=19

With bitcoin, patience is the best virtue. If you can’t hold your bitcoin longer because you are in rush of your profits, you will never get satisfaction from your bitcoin investment. Long term hodling is the key, even how long it may take, the realization that bitcoin will never stop from reaching all time highs, then it’s best idea to just buy and hold, and only sell when the price is right and impressive.

Bitcoin is now the headline in most financial newspapers because its price has increased significantly. But the majority of the people who are rushing to buy Bitcoin now, are just driven by the desire to make a quick profit. But they fail to understand that the ideal time to invest is not during the bull season. [/B[But if some of them are willing to learn, they might end up gaining from the sector if they are patient enough.

I totally disagree with you on that bolded part because it is Bitcoin we are talking about there is no time ideal than investing when you have your money readily available, there is nothing absolutely wrong buying even at the peak price, it is pretty much ideal to invest during the bull season and bear season, one thing we should always understand is that Bitcoin is best appreciated over a long term hence there is no point timing the market conditions before investing, secondly the market can be very uncertain which can make you miss good buying opportunities while waiting for an ideal time to invest.

If someone understands about short-term Bitcoin trading, it may be difficult for them to buy Bitcoin in a bull market. But if Bitcoin is considered a asset and held for the long term, then it would not be unreasonable to buy from this level. Everyone who understands Bitcoin well and has faith in it tries to hold Bitcoin for a long time. The level at which Bitcoin has risen today will increase its value further in the future. Therefore, those who refrain from collecting Bitcoin will ultimately be the ones who will suffer. Because Bitcoin may not be at the same level tomorrow as it is today. The opportunity to buy today may not be stay in the same position tomorrow.