Quote from: SOKO-DEKE on Today at 02:43:59 PM

Quote from: Mayor of ogba on Today at 08:39:00 AM

It is not even right for newbies to invest in bitcoin and also chase after short-term gain in bitcoin at the same time because if they are stuck in chasing short-term gain in bitcoin, they will have no choice but to depend on their bitcoin investment to get their daily expenses sorted out, and it can possibly get them off the game at the same time. And since newbies are low coiners or no coiners who are just planning to start their bitcoin investment, they should focus mainly on investing in bitcoin for the long term only so that it will help them to build up their bitcoin portfolio in the long run, and if they are patient enough to hold their bitcoin portfolio for a very long time, they will achieve amazing gains.

I thought we have said this many times, anyone with a mindset of buying and selling for the short term should be considered a trader. Once someone buys Bitcoin and aims to sell it within a short time hoping the price will go up, they might be lucky to sell at bitcoin increase price.However, they will surely likely to buy back at a lower price and sell high price again, and that's where predictions start to go wrong. The price might not decrease as expected, and it may not even reach their target level. By doing this, they end up missing out on the benefits of Bitcoin investment.

Some people have missed great opportunities because of this short-term buying and selling strategy. This approach has turned individuals who initially aimed to be investors into traders, causing them to lose some of their funds in trading.Let us understand that investing in Bitcoin requires patience for the long term. Only through a long-term perspective can we achieve meaningful returns. This is why Bitcoin real investors focus on consistently accumulating Bitcoin, with the aim of holding it for the long term.

I should be asking you the same question because it is you who brought up the topic of buying and selling = trading not Mayorofogba. Perhaps next time when we are discussing of something else you should not troll on someone else or accuse someone of saying what he did not say. Most persons are fond of doing that there. Every discussion has where it is leading to so diverting from it means you are making those who will take their time to read through to be misguided/mislead. Always take your time to read through mate it will be better. I just read through Mayorofogba comment and he never said anything about people buying and selling.

Let me drag your attention to this side. Are you aware that Bitcoin is around $79,107.64 below $80k. How much have you accumulated since the price dipped a little. For those who have extra discretionary income that they can spare, this is another opportunity to buy the dip i bet you will love to take it.