Quote from: HajiBagi on Today at 04:52:48 AM

Quote from: ruykeri on August 07, 2025, 09:20:03 AM

Bitcoin is not for traders. Bitcoin is an investment tool for the security of one's life in the future. And no matter how much knowledge one acquires or increases one's skills, real success cannot be achieved through trading. And traders normally invest a lot of money to make quick profits in a short time. That is why they often lose. For example, a person makes a lot of calculations and thinks that within the next 1 month the price of Bitcoin will increase by more than 25% compared to the current one and for this reason He is investing all the money he has, and borrowing as much as he can to invest the entire amount in Bitcoin to make more profits in a short time. But it turns out that at that time the price of Bitcoin has decreased a lot. Meanwhile, he needs money for some urgent need. In this situation, he has no money and hi is forced to sell Bitcoin at a much lower price than before. As a result, he faces a loss. In fact, no one can say exactly how much the price of Bitcoin will decrease or increase after 2 months or 6 months. But depending on the popularity and demand of Bitcoin at the present time, it can be assumed that its value will be much higher in the future after 5 to 10 years than it is now. Therefore, it is advisable to follow DCA and invest for a long time with discretionary income.

Bitcoin is for traders, but if you are a trader and you know about Bitcoin, you cannot see Bitcoin and traders as the same thing because Bitcoin is a long-term investment. Because of its nature, it will always be seen as a long-term investment with a bright future. Any trader who sees Bitcoin as a trader has no knowledge of Bitcoin and is also a greedy person who should be careful with making quick profits. Investing in Bitcoin does not guarantee that you will make a profit in the coming months or that you will get the kind of profit you desire quickly. Bitcoin requires a lot of patience, and you can not invest if you lack patience.

There is no method that can satisfy anyone who lacks patience and tries to invest in Bitcoin. Many people have sold for their Bitcoin for since because they were unsure of it and when they noticed that its price had increased. It is not bad to sell your Bitcoin because you own it, but if you are patient, you will earn more because as long as we are alive, we all have a bright future.

Your writeup is self contradictory by claiming that bitcoin is for traders and also I don't understand what you mean by bitcoin and traders are not the same thing. I guess you meant to say bitcoin investors/Holders. Bitcoin investors has a higher chances of making a cumulative gain from bitcoin unlike the traders who may make a gain now and loose all in the next moment. Bitcoin trading exposes someone to some level of risks that are not necessary. You make your first gain from bitcoin and you start believing it would always be like that which then lures you into trading higher values and loosing at the end.

Quote from: ejikeme24 on Today at 06:30:02 AM

Selling your bitcoin when their is a massive increase in the price when you have not getting to the stage of overaccumulation does not make you an investor but a trader whose primary aim is just for the short term profit, and sure, some guys can decide to do whatever after all is thier investment which is very wrong. Because if you're going with this mindset of doing whatever just because you owns it instead of doing the right thing, I can assure you that some day you will end up making a mistake that you will never forget in the rest of your life so is advised to always follow the right step instead of trying to do it in a way that pleases you.

You're very correct. Selling your bitcoin in part of entirely to take profit is not a good advice because, if you are continuously investing by DCA and also selling to take profit, there's high chance of running a loss at the end. It may not be a good idea to take such decisions and gamble with your bitcoin. An investor who aims at long-term does not mind the market behaviour and holds his bitcoin stash jealously. To achieve a discipline in bitcoin investment and holding, you first need to develop your emergency funds and back up funds too which would help you to ignore your investments for long. If your initial target is to hold indefinitely, then you may be disciplined enough to hold for far above 10 years or possibly until retirement.

Reaching your accumulation target to me is not an enough reason to sell your bitcoin. In as much as you may not hold your bitcoin time eternity but it's not wise to sell just because you've reached your target and you now are still in active service. Withdrawing at retirement or in an event of extreme emergency situation may be a wiser reason to withdraw your bitcoin.