Any new investors that is overly excited to come in to Bitcoin just because because of the Miles Stone Bitcoin has achieved today will also be carried away to think that Bitcoin is a quick and get rich scheme .
On the contrary more investors will certainly come after seeing this $100k Bitcoin and not because of quick rich scheme but because they have been convinced that because is the most realistic coin ever, so actually is just like when you see yourself as someone who is not ready based on the negative thoughts you had stored in your mind and later you saw that those thoughts took advantage of your mind so after realizing the price of Bitcoin you decided to start immediately since you have breakthrough the psychological setback, so actually anybody who is starting now is not doing it because of easy money.
Recently, more investors have been coming to invest in Bitcoin, and this has been one of the reasons why the price of Bitcoin has been moving upward. However, many of these new investors are starting to realize that Bitcoin is a long-term investment.but still there are set of people who invest in Bitcoin solely for short term gains, but I believe it will be difficult for them to achieve their desired profits.
Majority of the people investing in Bitcoin now is because they saw how the price of Bitcoin was able to skyrocket to $100k just in a very short period of time and I tell you that most of them have short term targets because they have the feeling that the price will skyrocket with speed again so that they can sell and make some profits from their investments that is why most of those buying Bitcoin now are buying with huge amounts so that they can make profits from their investments in the short run so don't make it sound as if many people who bought Bitcoin after the surge in price, has a long term targets. Let's just be plain because if those people wanted to invest for long term benefits, most of them would have invested before the price went high.
Recently, I met someone who had just started investing in Bitcoin, but it aim was to make profits in the short term. It planning to sell off their Bitcoin within the next year. I explained to them that this is not a good way to make significant profits from Bitcoin investment. I advised them to shift their mindset and avoid selling their Bitcoin too soon. Instead, they should continue investing and aim to hold their Bitcoin for 10 to 15 years, as this approach is likely to yield greater profits.
The question is, are those people old investors or do they have pre knowledge about investments in Bitcoin before they are planning of investing and taking profits just within an interval of a year because I feel people that have short term targets are mostly newbies because they are very anxious of making quick money. Your advice to them is not bad but you should have just told them to buy and HODL for like 4-10 years instead of telling them 10-15 years because it will look like the time interval is too long for them and it might put fear in them and they may just decide not to invest at all.