Quote from: SuperBitMan on Today at 02:42:25 PM

Quote from: Bd officer on Today at 11:53:13 AM

Quote from: Jostern on Today at 11:18:01 AM

Quote from: mich on Today at 05:40:15 AM

Well price of Bitcoin is down more then 4 percent in this last week. And 1 Bitcoin now is 103,700. It is alot lower then the all time high we did just see price point of 112k.

It is a good time to buy some cheaper sats if we have some fiat. We do know price of Bitcoin will go back up to all time high of more then 112k. So I think it is good to make some easy profit when it does happen like that.

Your statement seems quite confusing, Buying the dip always presents an opportunity to accumulate more bitcoin in our portfolio but it necessarily doesn’t mean that we have to acquire when there is a dip, consistent acquisition of Bitcoin is more likely to be prioritized, for sure when there is a dip the price will definitely increase at any given time but it’s not always guaranteed, but if we are investing to make a profit like you mentioned then I must say your illustration sounds like a trader, long term investment strategy is always emphasized here and that is the most valuable and effective Bitcoin investment strategy to help and shield from some risk, And buying a dip and when there is an increase then you grab your opportunity with your bulk profit is more of a trading strategy, long term investment and holding is more prioritized for someone who wants to have a successful investment in Bitcoin.

Yes you are right, trying to buy when the price of Bitcoin drops and waiting for the highest ATH is a trader's plan. A long term holder never plans like that, long term investors always try to buy Bitcoin in DCA method. If someone invests in DCA method on a weekly basis then he does not have to wait for the price to drop, because he will be able to buy Bitcoin at more or less average price. So if you have a long term plan then there is no need to focus on the market, always keep buying Bitcoin in DCA method.

Yeah you are right however those who are holding Bitcoin for long term and still has a reserve funds to accumulate aggressively during a dip will always have the interest to always check the market that those not make them a trader, when it comes to bitcoin investment everyone has there own way of investment.
Some long term Bitcoin investors don't like checking the market always so they won't get tempted to sell, why some can check and won't be tempted, it actually depend on our personal life.
But as someone who is holding Bitcoin for long term I don't think checking the market will make you sell your Bitcoin, now if you are on social media and Bitcoin hits a great price it will be posted so if you see it you will also be tempted, I think we should develop this act of not wanting to sell until we meet our target.

Everyone's thinking, mentality, and risk-taking ability are certainly not the same. Everyone has their own capacity and according to that capacity, they remain steadfast in their own strategy. However, those who have mistakes in their thinking, they must change their thinking. Bitcoin is a long-term investment, but there are many investors who think of short-term profits through Bitcoin, This is definitely a wrong way of thinking, and this type of thinking must be have to change. You must set long-term goals, commit to long-term holding with mental fortitude, because long-term holding is the only way to make real profits from Bitcoin.