if you are already tempted to sell some or all of your bitcoin within the past 5-ish months then how are you going to be able to continue your investment into bitcoin for 4 years or more... perhaps you don't really know how to consider bitcoin as an investment rather than a trade, efven though you did use the word investment to suggest that you were actually investing into bitcoin.
yep.. there are so many guys who cannot resist trading or wanting to play BTC price waves, which does not seem to be a great (or strong) investment mentality.. even if they say what they are doing is investing, yet sure we cannot stop people from their own inclinations to trade, gamble and/or their inabilities to really set long term timelines and long term mentality in a solid place within their own perceptions and practices to actually employ something that would actually rise to a level of investing rather than trading, gambling and/or wanting to play any BTC price waves that might exist or that they perceive might exist in the short to medium term.
You are ultimately responsible for however you choose to approach your bitcoin. whether you are working towards accumulating it or if you might consider that you are in and out of it and you are rally aiming to accumulate some dollars. Some people may well want both or they might be flexible for whatever works out best, yet lacking in focus seems more like gambling/trading rather than investing, even if some traders might actually perceive that they are investing as long as their dollars continue to go up, so some frameworks still could be correct, even though how the results play out can take a decent amount of time to really compare the differences, and it is not like we can go back in time and change what we did once we might have already done certain things.. ..
Trust me, I totally get what you’re saying here. It’s just really pitiful how a lot of folks that claim to be Bitcoin investors can’t resist the temptation to trade, time the market or playing with BTC price waves, don’t know if I’d say they’re naive about how not solid this strategy really is or maybe they know but just wanna make some quick profits (which is not even guaranteed). It’s just as if they’re always on the chart waiting for the next big price move so they can enter the market without actually considering the big picture. And yeah, you’re absolutely correct that in the long run, it totally depends on the individual to make the final choice on they wish to approach their Bitcoin, whether they dedicate themselves to accumulating and HODLing for the long term or trading or maybe something in between the both concepts.
But whatever it turns out to be, jumping around several approaches just as you rightly said could turn out to be a roadmap to disaster. Some guys really find it really hard to draw the line between investing in Bitcoin and gambling/trading in those cases. I mean, if one who claims to be investing in Bitcoin is constantly buying and selling, in an attempt to make some quick profits, then it’s clearly not investing anymore but rather speculating or gambling and we already know, basing one’s decisions solely on speculation can be a pretty dangerous game to play with one’s finances, especially when dealing with an asset with such high volatility as Bitcoin.
Most times, it goes way beyond the approach itself, it’s more about the mindset that’s behind the whole decision and approach. If the person’s just mostly focused and prioritizes making some quick profits from the market, then they’re definitely not considering the long term potentials of the asset, neither are they thinking about the underlying fundamentals, the growing adoption and the technological advancements, they’re more concerned on entering the market when they observe a significant move in the market in order to make some quick profits, which as we know is a flawed way to approach the Bitcoin market.