Quote from: blackberrman on Today at 05:51:20 PM

Quote from: Iamgoat on August 09, 2025, 06:31:05 AM

Quote from: Sim_card on August 09, 2025, 05:12:26 AM

Quote from: Gost ms on August 09, 2025, 04:45:37 AM

If our investment doubles before our time limit ends, we can withdraw some money from our investment and enjoy it. But even if our time limit ends, selling our entire holdings would not be the right decision. Because I think the price of Bitcoin is still in its infancy. The price of Bitcoin can increase a lot in the future. So if you sell your entire holdings because your time limit has expired, you may regret it later. So it would be best to withdraw the amount you need and keep the rest of the holdings.

I don't know if this your idea of taking profits before reaching your bitcoin goal because you see that your bitcoin portfolio has doubled. If you take profits, it will affect the growth of your portfolio to a better height compared to when you didn't take profit. Imagine that profits that you took will depreciates your portfolio and the profits should have generated more profits overtime.

If you start taking profits because your bitcoin portfolio has doubled from the initial amount that you put in, it can be tempting and before you know it, you might take profits again the second time killing your long-term accumulation goal and will delay you from reaching your bitcoin target. Let's not be profit cautious but focus on reaching our bitcoin goal since the profit is still there.

Once we start withdrawing early, it will automatically reduce our chances of reaching our set target and goals and also slowdown the growth of our portfolio. Early withdrawals.is like a time.ticking bomb to our bitcoin longterm goals. I believe what is best for everyone of us is to focus on our end goal, which should be more important than taking early and quick profits simply because we got our portfolio doubled in a short period of time expected does not mean we should start withdrawimg from our profits already.

I see a great potential in HODLing my bitcoin for a long period of time regardless of how good or bad the investments perform, because of the nature of bitcoin which can make you as many money as possible once it rises in its value. I am not equally against those who take small money from their profits, but let the reason be utterly justified. i.e based on life threatening needs etc. The reason why we should avoid touching our profits regardless of how good our investments are performing is it will end up becoming an attitude used to it and liquidating your portfolio without achieving your aims.

In our journey of life, we may face any kind of loss, be it illness or otherwise, it is normal, but it is very important to create an emergency fund to deal with this calamity. If you have a job or a business from which you can earn and with that money you can meet the needs of your family and with the remaining money you can invest in an emergency fund and Bitcoin, no matter how small your investment is, an emergency fund will keep your life safe and secure so that your long-term journey does not stop even in times of danger. Again, the DCA strategy is going to be great for you because through it you can keep investing regularly or weekly, in this way if you keep investing for a long time which means investing for 4-5 years you will get big profits, but there is no guarantee of it but if we consider from history then Bitcoin brings high profits in the long run which we can never deny, an emergency fund will provide protection in case of sudden need, on the other hand, by investing in Bitcoin for the long term, you will also be a beneficiary and it will bring great security in your retirement life.

Life will always throws curveballs, whether it is illness, job loss, or unexpected expenses and having an emergency fund is one of the smartest ways to protect yourself and your family. It is not just about saving money, it is about creating peace of mind. Even if you are only able to set aside a small amount each month, that fund becomes your safety net when things get tough......If you are earning from a job or running a business, it makes sense to first take care of your family’s needs, then use whatever that is left to build your emergency fund and invest. And yes, Bitcoin can be part of that strategy. It is volatile, sure, but if you believe in its long term potential, then investing consistently, even small amounts and using the DCA method is a smart move. It takes the emotion out of investing and helps you stay committed over time.

And moreover, there is no guarantee of massive profits, but history has shown that Bitcoin has rewarded long term holders. So pairing a solid emergency fund with a steady investment plan gives you both protection and opportunity. One keeps you grounded during tough times, the other helps you grow toward financial freedom especially in retirement....It is all about balance. Prepare for the worst, but also position yourself for the best. That is how you build a life that’s not just secure, but also full of possibility.

Quote from: sotelorene on Today at 06:16:13 PM

Mate, there are folks that also understood what is Bitcoin and how it works but they choose short term profit and that is to their own detriment but the right thing to do is to invest with long term mindset and stand by it because the future of this asset ( Bitcoin) is very promising.

A lot of people understand what Bitcoin is and how it works, but they still fall into the trap of chasing short term gains. It is tempting, especially when the market is buzzing and prices are swinging but that kind of mindset often leads to poor decisions and missed opportunities......The truth is, Bitcoin isn’t a quick fix or a shortcut to wealth. It is a long term asset with real potential, and the people who treat it that way that is people who invest steadily and stay committed are the ones who tend to come out ahead. Sure, the market has its ups and downs, but over time, Bitcoin has shown strong growth and resilience.

Having a long term mindset means you are not shaken by every dip or distracted by every spike. You must be focused on the bigger picture and the innovation behind it, the limited supply, and the growing global adoption. That is where the real value lies.....So while others might be chasing fast profits and getting burned, staying grounded and thinking long term puts you in a much stronger position. It is not just about making money moreover it is about building something solid for your future.