Quote from: PremiumcryptoHub on Today at 06:05:49 AM

Quote from: Proty on Today at 02:16:42 AM

The fact that we are holding bitcoin for a longer term is not a guarantee that our investment in bitcoin is going to be successful and however bitcoin investment is best appreciated when viewed in terms of long term.so that's the reason why it is always advisable to hold bitcoin for a longer term

Maybe you want to mention that success is not guaranteed from investment, but if you think that holding long -term investment is reasonable then there is a possibility of profit from it. It may also be partially wrong to say that investing in Bitcoin for a long time does not guarantee success. We are repeatedly advised to hold investments for the long term so that we can earn profits from them. Because one of the reasons is that those who have invested Bitcoin in 2015 or 2016 have become more profitable investors at present. So it should be seen that all those investors got success from their investments.

From what I understand about your been successful in your bitcoin investment is not really talking about profit but about how many bitcoin that you set as your target and was able to accumulate that amount or even more than it. For example, I have plans to accumulate 5btc in the long-term and I stayed focus and looked for various means to make more money in order for me to invest aggressively with determination and focus on achieving my goal overtime.

At the end of the day, I was able to accumulate 5btc or more than that. I can proudly say that I am successful in my bitcoin investment regardless of the profits. Because bitcoin is still young and in its early stage, when I have accumulated that 5btc, I will be in profit because of the time duration that it took me to accumulate 5btc. It might be 10 years and above but the price that I started investing in the first five years, bitcoin would have passed that price and the compounding effect of your bitcoin portfolio will put your investment in profits. However, no ones knows if the profit will be big or not.

This is why when accumulating bitcoin, you don't focus more on profit but to reach your bitcoin target. This is make you be consistent and persistent with your regular DCA weekly purchase and look for means to put your financial strength in a solid form, so that you can invest aggressively, mixing lump sum and buy the dip with your DCA in order to reach your bitcoin target quick. If you think of profit, you might lose focus when you see that you are in profit and might not take consistency and persistency as your priority to keep your bitcoin accumulation journey ongoing.