Quote from: Barikui1 on Today at 08:38:47 AM

Quote from: HOPE25 on Today at 05:23:36 AM

Quote from: Dorkylickjj on March 06, 2024, 08:50:37 AM

Ive been hearing about situations where someone buys a coin for a certain rate and not quite long after, the said coin drops in value, or someone sells his coin for a certain rate and then it appreciates just after.
What's your take on this? Given the period we're in is it buy time or sell time?

Bitcoin is a long-term investment platform. Most of our market behavior is often controlled by emotions, not logic. We sell when we are scared and become restless when the market price fluctuates. When we sell Bitcoin after the price has fallen, its price has risen again. This will really depend on our timing, our success. Long-term investment attitude will make our investment in Bitcoin profitable.

I see no reason why a Bitcoin investor that has the basic knowledge of Bitcoin will be panicking and be selling off when their is a dip in the market, because he should have known that Bitcoin will always recover, no matter how dip it fell, and as long as you are a long term holder, their is no point panicking because on the longer run Bitcoin can do up to 10x or more of it current price, so why panicking?

I agree with you, because a bitcoin investor with basic knowledge about bitcoin won't panic and sell his or her bitcoin investment when there is dip, unless the investor never had a long term mindset, because as a bitcoin investor who's focus is on long term holding won't panic when there a dip in bitcoin, why because he or she has a basic knowledge about bitcoin that's to say he or she knows that bitcoin price can fluctuate dramatically, and still correct itself. so when panicking and sell off your bitcoin investment because of a dip?

Quote from: Barikui1 on Today at 08:38:47 AM

One major thing about Bitcoin right now that should be as a drive to invest in Bitcoin is that it's still in it early days, so it's no where near it peak price, so any amount you bought it now is still very cheap, so it's best that we accumulate as much as possible now because in years to come, we are going to look back and be happy with ourselves that we took the right decisions now.

you are very correct @Barikui1 bitcoin is still in it early days, so anyone who Just getting started with bitcoin should have it in mind that he or she is still buying bitcoin at a cheap price. So in my opinion I we advise anyone who Just getting started with bitcoin not to reason the current price of bitcoin, rather he or she be consistent in accumulating bitcoin, so that he or she can able to accumulate as much as possible to hold for long term. Them when he or she will come back, less say in the next 4 to 10 to look at price current price of bitcoin by 4 to 10 years an then compare it to previous price of when starting accumulating he or she will be grateful to himself or herself for making the right decision.