Quote from: Mpamaegbu on May 26, 2025, 07:07:04 AM

Quote from: Mastercon on May 21, 2025, 04:25:38 AM

If you're just trying to make a quick buck, get out of here. Bitcoin is not for you.

...This is not financial advice.

You already gave the financial advice 😏. Now those who think Bitcoin investment is a shortcut to riches should know better not to assume that.

On a serious note, you do have a point about not timing the market but it's a difficult thing not to do. Traders and investors are all speculators. Nobody dives into the market blindly. The reason we speculate is to find convenient entry points and that to me means we're judging when the market will afford us better opportunities. Isn't that timing the market?

I think it is mostly traders that prioritise timing the market before investing since they are into bitcoin to make quick profit so they will want to venture when it is favourable for them.so any investors that is timing the market before accumulating bitcoin is really not planning to hold for long term because I don't really see the need to do that if an investor is actually planning to hold bitcoin for like 10yrs or more.The course of timing the market the better opportunity may even pass us by.so waiting and timing the market for a good entry point are purely attributes of short term investors who thinks that bitcoin is get quick rich scheme.