Quote from: Futurexxx on January 17, 2025, 08:45:14 AM

Quote from: retreat on January 17, 2025, 08:10:04 AM

Quote from: sotelorene on January 17, 2025, 07:05:46 AM

-snip-

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.

You got it wrong, did I ever say that someone who invests in bitcoin in the long term will sell his bitcoin when he has not made a profit? because you will not know when you can make a profit on Bitcoin, it could be 1 or 2 cycles before you can build your portfolio properly and get a decent profit from the investment you made - and at that time a person's confidence could waver because he might see that the investment he made did not experience significant growth. That's why a person needs to build his high conviction and maintain how he can invest continuously and not get caught up in short-term investments like a trading mindset.