There are some investors who try to make profit by selling small targets. This is not bad
I think it is really bad and shameful for someone who calls himself an investor to sell his bitcoin holdings for a small target of short profit. As a matter of fact you don’t refer to such persons as an investor but rather they are referred to as traders because such mindset is a trading mindset which is not really encouraging and also misleading especially to the newbies as it will translate such mindset to them also. Selling for a short term gains isn’t a good investment strategy or mindset, you’ll be thinking you’re making gains but the end product is a total loss, if you sell now for the short term gain, and probably you want to accumulate later you might be buying bitcoin in a more higher price even more than the gain you think you made earlier and if that happens, you are already at a loss. I’m sure most people who sell when bitcoin hits $90k will be regretting now. The best is to accumulate persistently, consistently and hodl for the long term goal.
Yes, and short term gains is just like gambling per se, and it looks like you are just gambling the hell out of it. Just look at this scenario,
- 2017: Sold at $10K? Missed $20K.
- 2020: Sold at $20K? Missed $69K.
- 2024: Selling at $90K? You’ll miss $250K+.
So in any case that 3rd scenario is hit in today's current bull run cycle, then short term investors are going to regret the potential profit. You just have to hold in the last 4 months or so and you will have that biggest ROI. And from what I've learn, the biggest regret here are always by SELLING, and not holding.
By now, we should 'believed' that Bitcoin should be hold long term, look at the bigger picture.
And for newbies, don't believed on the 'get rich quick scheme', those who believed it in? - they usually go broke.