Quote from: As-Soon-As on Today at 06:20:31 AM

Quote from: Cossyblack on July 02, 2025, 10:11:17 AM

Quote from: Joy- maker on July 01, 2025, 09:54:23 PM

You are also correct JJG if a person fucks up and invest funds that is needed to settle his or her expenses that person is not longer investing, rather he or she is either gambling or trading. And that's not the right way to approach bitcoin, what a person needs to invest in bitcoin is his or her discretionary income and not funds that he or she needed to settle expenses.

You are right,when an investor starts using funds meant for his basic needs to purchase Bitcoin ,such behavior mirrors him as a gambler that's is gambling for quick profits. And due to the fluctuation of Bitcoin price and the uncertainty correlated with the market and in other to minimize the risk since Bitcoin investment is not risk free,it is absolutely necessary we only used our discretional income to purchase Bitcoin. However I also think persons involved In using funds meant for their most basic needs to buy Bitcoin with a mindset of trying to get rich overnight is either he is trader or a gambler and such an approach is totally wrong especially since Bitcoin is not a get quick- rich scheme. We should also try to avoid purchasing Bitcoin outside our discretional income and it's also necessary we choose or settle to invest in Bitcoin for a long term plan while holding for at least in the next 4-10 years or more.

This is why Bitcoin should be held for 4 to 10 years or more, basically I say that the investor should hold it for as long as he wants to hold Bitcoin. Because it is most important for an ideal Bitcoin holder to hold it for at least 10 years or more. However, in the case of Bitcoin investment, benefits should never be talked about, only then the investor will think about the benefits of Bitcoin investment and may immediately decide to sell his Bitcoin investment.
That is why I say that it is better to allocate as much money as he can lose for Bitcoin investment, because whenever he carries more than the demand, he may face danger. However, if he is a Bitcoin investor, it is better to be an ideal Bitcoin investor.

Generally, the reason or the motive we invest in Bitcoin is for the purpose of making profit by having some fraction or number of Bitcoin in our portfolio and so talking about benefits is not totally wrong per say. There are people who can talk about Bitcoin benefits almost every day and yet they won't touch their investment because they know the reason why they started the journey ( long term) and yes sometimes one can just stay and imagine how much benefits he or she will get if they hold for a particular period of time. The people or folks that can immediately sell off there investment simply because of the benefit talk they had about Bitcoin is not an investor. Our mind and decision as an investor should be superior to what we see or talk about Bitcoin.