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.
In fact, until now there are still many people who seem to have a slightly narrower mindset where they only want to be in bitcoin with the hope of instant wealth that they can get which in the end actually destroys their own expectations.
In addition, for now, sometimes there are also quite a few people who consider themselves investors but the actions they take actually lead to traders because their understanding is not very good so that they always overlap and equate traders and investors as the same even though it is clear that we must be able to separate it because even though the scope is the same, traders are not investors and vice versa.
Many people are now mistaken in considering themselves investors but they sometimes do not reflect an investor because they only expect profit and sell their bitcoins even though the profit is only a few percent of the amount they bought and then proudly say that they are successful investors because of that.
Yes you have stated the fact and that is just the mindset of many investors, they sometimes do what traders does but the reason why they try to exonerate themselves from traders is that they have a shallow understanding that if they can HODL for like a year before they sell that it won't be considered as trading but they forgot to know that the only way they can be fulfilled while investing in bitcoin is to hold for long at least for a whole cycle of 4 years and above, although 4 years investment can only be considered as a fairly long term investment otherwise a long term investment is supposed to take at least 2 cycles of 8 years and above.
It is important to understand the real concept of investing in bitcoin and not just invest because others are investing or do what others does. investing in bitcoin requires removing trading mentality all in the name of investment because if they remove that trading mentality, they will encounter the beauty of investing than trading because most of those that will chose trading might fall out along the line due to losses and mismanagement of funds while someone who is investing have his assets intact in his custody while waiting for the appropriate time to take profits after acquiring satisfactory amount in his portfolio.
It is difficult to succeed by investing only by seeing others. In investing, it is better to have a long-term investment mindset because long-term investors can profit by keeping their assets intact. For the purpose of long-term investment, if someone HOLD for a year and then sells it, it is an investment. But if the purpose is long-term, why is it one year? If the purpose of long-term investment is four years, it is better because the actual price increase of Bitcoin takes at least four years. So it may be that you are losing part of that big profit by holding for one year. If the purpose is short-term, you can hold for one year. However, as a real investor, holding for four to eight years would be a good strategy.
On the other hand, those who have a trading mindset often suffer major financial losses because in a volatile market like Bitcoin, the price fluctuates rapidly, and most traders suffer when the price suddenly decreases. Due to major financial losses, their actual capital can often be lost. There are many traders who panic sell when they see market fluctuations and make wrong decisions. It is not that trading is not profitable, trading can be profitable but it is high risk and one should not come to trading without any experience.
If you want to invest, you have to remove the trading mentality and create a long-term and patient investor mentality. In long-term investment, the DCA strategy reduces the risk of investment. Over time, it helps to increase the amount of savings and in the long run it becomes a large amount. When someone invests for more than four years and faces market fluctuations, he can see a large capital increase in his investment. Usually, long-term investments improve by overcoming market volatility.
Again, in long-term investment, by creating a diversified portfolio, one can reduce the risk and increase the potential for profit by investing in different sectors, bonds, shares, real estate.
If holding bitcoin for a year and sell is Investment according to you then what will you called some one who holds for 4 years and above, you should know today that holding bitcoin for a year and sell is not an investment but gambling / trading, as an investor you are supposed to buy bitcoin and hodl for long before even thinking of thinking of sell bitcoin those that sells in short time sometimes regret why not hodl bitcoin for long as a new investor your thoughts should be how you can buy more bitcoin from your discretionary Income and hodl for long regularly buying with the dca strategy you can buy bitcoin every weeks or every months consistently for 4-10 and hodl.