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However, even if Bitcoin is not 100 percent guarantee I still prefer it to other coin because it has proven itself over time and the volatility of Bitcoin shouldn't be a problem because that is how it is meant to be, you can just invest in it and expect it to just continue appreciating perhaps the fluctuation are the factors just like other investment has factors too but this factor doesn't prevent it from being the greatest of all time. Be careful with the kind decision you will take in investing because this your idea and mindset can make you invest in a wrong place and untill you incur loss you won't know what I'm talking about.
Simply put, someone who wants to invest in Bitcoin needs to think carefully about the risks and use one of the methods for their investment whether it is DCA or lump sum, and set their investment for the long term, to make sure that they can get better returns from it. Because most people only know that Bitcoin can give them profits, but they invest with the wrong approach - they invest in the short term and tend to be like gambling. An investor should think carefully about their decision and invest using their discretionary money or a few percent of their income continuously -
and they need to hold it for the long term until they can get profits.All what you were saying makes perfect sense when talking about Bitcoin investment, but you later spoilt it with the last statement, I mean the bold words in your write up.
I actually can't get it if it's a mistake or you are certain of what you are saying, what if you invest now and in no distance time it gets you into a profitable scenario, are you trying to say that you will sell?
Because according to your statement, you said that we need to hold for a long time until we are in a profit, which in my own opinion, it doesn't matter at all because the goal is to hold for a very long period of time, so even if we are already in a profit, it would be stupid to sell now because it's just for minimal gains that wouldn't have any significant changes on our finance forever, so it's best to hold for a very long time regardless of if you are in a profit or not, because building a generational wealth true it is the goal not for minimal gains.
I think Futurexxx you are misunderstanding retreat, perhaps he didn't made mention or being specific about the used of the term profits in his narrative whether it is of minimal or maximal profits so you don't have to crucify him for making that statement. However, I completely get your point of saying that a long term holder should be confident enough not to sell their investment even on seeing a profit that is not reasonable and significant enough to change a financial situation, the point at which retreat was saying is generalizing the concepts of every business or investment which aim is to maximize profits and of course no one that called him or herself a Bitcoin investor that will sell his investment at lost but to hold for as long as necessary.