Quote from: _BlackStar on December 15, 2024, 06:31:19 PM

Quote from: Pandu Geddon on December 15, 2024, 04:59:14 AM

Quote from: asarfiar on December 13, 2024, 09:18:37 AM

-snip-

Bitcoin investment will indeed be very good for the long term. Although some of them are trying to get short-term profits, holding Bitcoin in the long term will certainly give better results.

Sure - but with good planning too. It seems to me that this is not as simple as it sounds - but every long-term holder needs to consider a few things so that they do not change their investment plans too quickly just because of financial pressure.

Quote from: Pandu Geddon on December 15, 2024, 04:59:14 AM

But what also needs to be considered is that investment also requires a target to be achieved. Investors need to plan for that, although there are also investors who really like Bitcoin who even keep buying and don't want to sell at all, to the point of not knowing when they should sell their Bitcoin.
Anyone who bought Bitcoin a few years ago and managed to hold it until now must have felt how profitable long-term Bitcoin investment is.

There are temptations along the way for anyone holding it - especially when they have seen the returns generated from their investment. It's hard to control all that - but that's the challenge of investing. It always seems sensible to take advantage of an investment especially when you've earned what you've targeted - but it's wise to hold on in the long term if you have other sources of income that leave your investment untouched.

Because we have made a long-term investment plan, we should try as much as possible not to ruin our plan. I once said it in another thread related to my own experience of having to let go of my Bitcoin for urgent reasons. It was indeed my fault for not being able to hold my Bitcoin according to plan. But no one intentionally wants to be in a difficult position. Planning to hold our investment for a time that we make ourselves does sound easy, but as you said, it's not as simple as it sounds.