Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
Ricardo11
on 22/12/2024, 08:17:10 UTC
Exactly, and this is where some investors most especially newbie get it all wrong, they believe that one's they have invested ( buy Bitcoin for the first time) everything is settled they need not to buy again and then lay wait to expect that one they bought to increase and give them huge profit which is absolutely wrong and it's a misconception and the reason why they do this is because they heard Bitcoin is a very nice asset and will skyrocket one day so they think investing small will give them 100s of what they invested perhaps this set of people need more information to change there mindset, knowledge and there understanding in Bitcoin.
That is why patience is needed in Bitcoin investment, without patience it is impossible to improve in life. The longer the Bitcoin investment, the more Bitcoin there is a possibility of accumulating more Bitcoin. In this case, newbies neglect this responsibility, they sell Bitcoin when they earn a little benefit by investing in Bitcoin. This is completely wrong, but we need to calmly explain to newbies how to invest and how to maintain the investment. It would be better to invest in Bitcoin at the present time or at any time if Bitcoin is held for a long time. Bitcoin investment depends on holding it for a long time.
Yes, nothing good can ever be achieved without patience, and if it comes to Bitcoin investment, we will never be able to achieve success without patience and long-term holding, because the real success of Bitcoin will come in long-term holding, because the history of Bitcoin proves that those who have held Bitcoin for a long time have achieved the most success. So patience and long-term goals are essential in Bitcoin investment, but it must be done through DCA. Because only through DCA investment can we increase the Bitcoin portfolio at a long-term average price, as a result, our profit will be much higher. And we have to run this DCA continuously for at least 10 years, only then can we get the real success of Bitcoin.