~snip
- and they need to hold it for the long term until they can get profits.
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,
~snip
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?
~snip
I think there is a little misunderstanding here, even though the both of you are trying to convey the same point. From what I have read from both replies, the goals still remains
long term, which I believe every investor must have before embarking on an investment journey (though, might choose to extend if willing). But here is where the whole thing becomes interesting. Everyone has their own way of defining "profits". Like retreat said, "
and they need to hold it for the long term until they can get profits". This long term can be 4-6 years. Or it can even be more, but the most important thing here is that the investor must have made profits within that certain period, which is definitely possible in reality. But someone who might want to hold longer(maybe 6-8years) might not see the 4-6 years profit as something suitable.
So like I said, everyone with their own definition of profits, but what is most important is that we set that long term goal, and be willing to accept whatever profits that comes at the end of our daily/weekly/monthly objectives. Though, some investor might still want to trigger more investment year extension if willing.