Personally, I consider it to be not very helpful to be focused on profits, even though we might well presume that our odds of being in profits will be quite good after 4-10 years or more... but at the same time, our focus should be on ongoingly growing our BTC stash.. sure no problem to buy dips from time to time if we think that we are able to do that within reason, yet the more important part if just realizing that we continue to have little to no clue regarding short-to-medium term BTC price movements and we shoul⁷d largely be ongoingly accumulating bitcoin rather than trying to figure out whether or not there might be a dip, unless some kind of impending dip seems obvious and it is not going to distract us from our accumulation to merely wait a few days or some reasonably short period of time, and hopefully we are not delaying investing by several weeks, if we had been tending to be in the habit of buying bitcoin every week.
There is every tendency that anyone who is investing in Bitcoin with the mindset of profit making will definitely not go far in his or her investment because they will sell of their investment whenever they see a little profit due to market value appreciation,With this reply, I think you are misinterpreting JayJuanGee. What JayJuanGee is saying is that, as a starting point for investing in Bitcoin, we should not focus on profit-making at first but on accumulating. Focusing on profits may not be very helpful initially, as it can cause someone to quickly lose hope in Bitcoin investment if the expected profits in time i they did not see it.
So, for you to say that everyone who invested in Bitcoin with the mindset of making a profit is "definitely not going far" is wrong. Everyone invests in Bitcoin with the aim of making a profit, and it is the profits investors have made in Bitcoin that lead people to describe it as a good investment.however, what I still observe from your comment is the way you put the words together. If that is not what you meant, always try to elaborate more so that people can better understand your point.
Well I think JJG has already made it clear in his previous and you are absolutely correct and perhaps that is what I wanted to say but didn't place the words and sentence correctly and thank you for correcting me. Having it in mind to make profit for a short period of time after starting a Bitcoin investment is not good because an investor won't be able to hold for long because of the small profit that he or she will be seeing if price double or appreciate. Moreover, the reason or aim why we are investing in Bitcoin is for profit making but not for a short term but rather for a long period of time so that we can get something tangible and anyone who wants to enjoy Bitcoin should ensure to hold for a long period of time because of it volatility.