With bitcoin as well rest of the altcoins every dip is an opportunity to make an investment. Very few make use of this while majority of the users just keep hold of the assets for the bull trend. To make a good profit out of bitcoin it is a must to move along with the market than just holding focusing on targeted growth.
Very true but basically trading seems tactical unlike any other making scheme because when you're not getting a verified information about the market trends, it tends to disrupt the process of you gaining profits talk more of investing in the long run. Though long term investment are sure jackpots so buying and hodling can be a very taunting decision to make.
The truth is that, there are two type of holding which includes the long term holding and also the short term and what typically matters is that we achieve our set goals at the end of the day.
Considering how bitcoin moved from $80k to over $100k in few days or weeks, you’ll agree that, someone might buy bitcoin with hopes of making 20%, regardless of how long it will take despite’s the volatility of the market, what this very holder is focused on, is achieving a 20% return and the moment this goal is achieved, it’s at this point, not really a bad idea to take profit or set another goal and as much as holding bitcoin for long term seems safer, that should not mean that, we shouldn’t make use of good opportunities when they present themselves.
Chasing after little profits when accumulating bitcoin isn't investing but trading. I don't know why a lot of traders gets it twisted and call their profit seeking mindset as investing when you didn't hodli for just one circle.
It's not ideal for a no coiner or low coiner to put his mind on profit when he is inveting in bitcoin despite whatever pump the market makes at that period of time.
It will make you lose focus on growing your bitcoin portfolio to a good size in future and will mislead you into the opposite direction which is trading. Trading consumes the compounding value of your bitcoin portfolio and it also consumes your discretionary income because in the long run, you will run at loss and end up with little bitcoin when bitcoin price will be very expensive.
Don't be blinded folded with little profits but have a bigger picture of what bitcoin price will be in future and focus on having a bitcoin target to accumulate for your future. This will enable you overlook whatever is happening in the market but make sure to keep your bitcoin accumulation journey ongoing, regularly consistently and persistently overtime. It will also make you buy aggressively when possible and front load your bitcoin investment if you can. Save your future and invest in a long term bitcoin investment without selling early.