Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Princess Leah
on 25/03/2025, 09:14:58 UTC
⭐ Merited by JayJuanGee (1)
You're right about bitcoin being a long term goal investment of probably 4-10 years and that anyone coming to invest in bitcoin should put his or her mind in the long run and not on the short term, but on the alternative I was just saying that because of people that can't handle the long term and sees bitcoin as a way of trading instead of an investment, They should also buy and hodl for a long term achievement.

Of course, you are free to sell anytime that you like, and you are free to try to play bitcoin's anticipated price wave, and so you seem to acknowledge that trading is an inferior approach to bitcoin, even though some people will end up trading rather than investing.

So, yeah, trading is like gambling, since we cannot really be sure how the BTC price is going to go in the short-term, such as an ability to be profitable in less than 4 years.

Sure, we don't even know if bitcoin is going to be profitable in a timeline that is more than 4 years, yet investing is not necessarily considering short term profitability. 

Sure, investors still want to their holdings to be profitable in the long term, and perhaps even presume them to be profitable, but there is also a bit of a risk that a bitcoin investment will not be profitable, even after more than 10 years investing into it.

At the same time bitcoin is likely amongst the best of asymmetric bets that is currently available to people all around the world, and so sure it is possible that anyone could lose up to 100% of the amount that they invest into it, yet it is also possible that their investment could go up 10x to 100x or more within their investment timeline...  So to me, it seems short-sighted to be planning to trade bitcoin rather than to try to hold it for the long term, even though people will frequently be tempted to cash out for shorter-term profits.. which may largely signify that they do not know what they are investing (or trading) into..

Their's one thing I've got to understand about making wealth, most poor people are not very patient that's why you see that majority of people who go after ponzi's and stuffs with short-term goals are mostly poor people, the rich don't have time for that their focus is on the future and making sure that they keep being wealthy therefore they invest and do that for a longer period to get more profits in the future.

 That's why many rich people who criticised Bitcoin in the past are now top investors in it, they had no option but to jump in after they realised it's potential and how good it is as an asset for investment, many poor people are still blind and eager to make quick money that's why they prioritize stuffs like trading and ponzi's to make wealth, well luck do play a role in the life of some people who chose those path but then everyone can't be lucky, the rich knows that and that's why the choose a path that's less riskier but requires patience which is investments.