What's the point of investing $200 if all they can get back is $4 or $5 in a short time? That type of profit is not enough to consider someone as a serious investor. It's like working hard and taking risks just to get something that won't be useful for anything. $4-$5 will not even buy you good food in some places, so why would someone risk $200 for that? Investing in Bitcoin should be done for the long term, to grow our investment and not chase small profits. If someone is only focused on short term profits, they are not investing, but they should be considered a trader or gambler.
However, a real investor believes that the market will rise and fall and they are prepared to wait. To be successful in investment needs patience, consistency, and not looking for a quick profit. And anyone who wants to build their wealth through Bitcoin should focus on learning and holding for the long term and not in and out for a $5 profit.
You are actually right and I also share the same sentiment as you bro, the way Bitcoin is wired, it's more profitable if you buy and hold for a longer duration than for a short time.
Just look at the historical record of those that bought it 10years ago or even backwards, can you imagine the level of profit they would be in now if they are still holding till now?
Just reflect back or make calculation on the value of Bitcoin then and now, you will understand what am actually saying, and if you buy Bitcoin now, you can still get the same level of result because we are still in it early days, and it's no where near it peak price just yet, so just buy and hold for a longer duration, than to be fooling yourself thinking that taking small small profit can be significant enough to change your financial status, when you can achieve that by holding for like 10 years or more.
Those that have been holding bitcoin for a very long term either have gotten to one or two circle, can attest to what it means to hold bitcoin for a long term, I still don’t understand why people makes mistakes in investing for a short term and trading for some little profits, When you can hold bitcoin for a long term with a good sustainable strategies that can help you to hold for a longer term see outline here to learn, we are here to learn everyday that is why it is not very realistic to shy away from the reality of investing for a longer term motives
Well it’s never too late right now, because if you invest in Bitcoin now there is nothing absolutely wrong with your decision, considering that you can start investing now and accumulating either by using a DCA with your discretionary funds as well, and there are guys out there who have been into other businesses and having some money who are little wealthy and don’t even require a stable income to start a Bitcoin they can actually lump sum at some point or even front load there Bitcoin that they can accumulate a good reasonable amount of bitcoin and stash them and build a stable portfolio in a short period of time through that method. It’s better to figure out where you fit into to start accumulating . It is never too late to start investing into Bitcoin.