Quote from: fikrett on Today at 05:47:33 PM

Quote from: Sim_card on Today at 05:24:29 PM

I don't know why some people who are into bitcoin investment has more of a profit mindset than accumulating and increasing their bitcoin portfolio overtime and see it grow constantly till they have accumulated their desired amount of bitcoin. Thinking more of profits can mislead an investor in his accumulation stage to the point that he might deviate from being a long term holder to a trader. When you start shaving little profits, it shows some sign of lack of seriousness in you to grow and build your bitcoin portfolio overtime because you are suppose to be increasing it and not decreasing it. You will also reduce the rate of the compounding value of your bitcoin overtime.

I agree with you that when you have reached your over accumulation stage, it is good to buy back whatever quantity of bitcoin that you sold when there is a dip so that you can continue to maintain your over accumulation status overtime, rather than going below your over accumulation status.

All depends on the targets put and what's up in the investor's life currently - some try to hodl as long as they can, some - put targets to realize their profits, no way is the correct one, there is only the ones that you wish to follow to achieve said goals, be it get more BTC or get profit from BTC in the long run and realize it.

The bolded text should be an and and not or since accumulating more BTC would position you to get good profits from BTC in the long run. When you get more BTC, you stand the chance for a higher profit potential in the long-run since the compounding effect of bitcoin price appreciation over a long holding period would act on your investment. I feel the necessary targets to set and follow up with action as an investor that would put you in profit's way are accumulation target and long-term holding period. Any other target you put might not give a good result and you may likely loose or sell much BTC too soon than necessary.

Do not forget to buy bitcoin with discretionary income only and build out backup funds like emergency fund and other variances of backup funds to enable your investment survive for a long-term.

Quote from: Derekfunds on Today at 09:11:51 PM

Mind you, if it is true and certain that after investing $1000 one will get $5000 profit the next morning I think everyone would have been doing that.

Nope, I wouldn't because that would be gambling rather than investing and I'm here to invest and not to gamble with my funds.