Post
Topic
Board Speculation
Re: Buy, hold for a long time, bring financial prosperity.
by
Ojima-ojo
on 13/12/2024, 22:50:14 UTC
If we can continue the Bitcoin investment process continuously with patience, although it is difficult, I think that keeping this investment service for a long time will bring financial prosperity.
I still consider bitcoin as a speculative asset which needs proper analyses before investing. I do not like to invest when the price is high already. I prefer to invest when the price is low and taking profit as the price is increasing. I have invested when the price was low and now is the time of taking profit which will be gradually until I do not have more than 10% of my investment there. I think if you need maximum profit, DCA and investment generally are better after a long bear market. I am waiting for 2026.
Oshosondi is very right in that, buying bitcoin when the price of bitcoin is high will lead to more waiting time and high chances of being on a losing trends since buying bitcoin at all time high will give you a waiting time when the market correct downward and and have to wait for the price to move all the way up to recover before thinking of taking the profits when the price create another all time price which will be above your own bought price so the waiting time is much higher.

But for those that bought at the bottom, is very easy for them to be in profits since they starting point is with profits because they already bought bitcoin at the bottom, so bitcoin investment needs a lot of market analysis before making the decision in other not to get in at the wrong time