Quote from: Derekfunds on Today at 07:05:31 PM

Quote from: Gost ms on Today at 06:11:42 PM

Quote from: SOKO-DEKE on Today at 04:52:02 PM

Quote from: Zanab247 on Today at 06:09:50 AM

Is not wrong when you have the capacity to make it happen for the profit to come quickly

Once someone starts thinking they can make a quick profit from Bitcoin investment, they will not be called an investor but rather a trader. This is because only traders always have the mindset of making it happen quickly, while investors don’t usually have that type of mindset but focus on how they will continue accumulating.to be honest, once someone wants to make quick money from Bitcoin, they are setting a trap for themselves and at end they will fall on the trap. This mindset often leads to losing funds easily.The best approach is to invest and be ready to hold your Bitcoin for the long term because a long term perspective looks promising, given that Bitcoin price is expected to go higher over time. Many people have lost money in Bitcoin simply because they tried to outsmart the market and make quick profits, but it didn’t work as they had planned.

There are many people who are impatient, and they do not get the money they want from their investments and they sell their investments. Then they go for short-term investments in the hope of getting rich quickly, and within a few days they lose their capital and face huge losses. You have to be patient when investing. When you exceed the time limit of your investment, you have benefited more than a short-term investor or trader.

The people you called impatient are traders and they are just after the short term profit which is not even certain that they will make it. Whenever they place a trade and the market is not going as planned they will be tempted to sell it even if they are at loss, so I keep asking instead of doing that ( selling at loss when the market didn't go as planned) why not just buy Bitcoin using the DCA method and hold it for a long term since we have already seen the potential of Bitcoin and stop giving themselves unnecessary pressure and if you calculate accumulating Bitcoin and holding it for 5-10 years and trading from same number of years you will see that the profit of the person accumulating and holding will have, will be way higher than someone that is trading and funny enough is not like they ( trader ) don't know, they knew but they are just interested in becoming rich overnight.

Well from my own perspective to traders whom prioritize in the short term gains it can lead to impulsive decisions such as selling at the lost when the market downturn doesn't moves as expected, just as you have said using the DCA method which is a good one investing an fixed amount at regular intervals regardless of the market downturn and also from experience with is an stable strategy and it more less stressful approach, over the time we all have seen bitcoin growth in an significant potential it is know to be an attractive asset which is meant for long term investors.