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Quote from: HajiBagi on August 20, 2025, 05:14:08 AM
You're right; some people still struggle to understand because they want to make quick profit. I saw a post where someone claimed that he doesn't know if he is investing in Bitcoin or not because he doesn't understand how the market works; he has been investing for two years and hasn't noticed any changes, which demonstrates how greedy the person is. Bitcoin doesn't work like that; you have to be patient and the more you invest, the more you may expect a positive outcome. You can't just hold onto it for two, three, or four years and expect a significant profit in return.
what was he expecting after investing in Bitcoin for a short time period of 2years. Anything less than 5 years is a short term plan for me and to start expecting any significant profits from holding Bitcoin for a short time is absolutely wrong. People with this mindset of investing for less than 5 years should be regarded as traders that are only interested in making quick profits by buying bitcoin only to later sell it for cheap profits. Around last year,I gave an advice to a close friend of mine to start investing in Bitcoin and hold for a period of 5-10 years, he accepted but he wasn't too comfortable with the time frame of holding for  5-10 years that's it is too long for him to hold . Because he wanted quick profits,he ignored my advice went ahead and invested hugely into a popular shitcoin called PEPE. After investing into PEPE (another pump and dumb coin),some weeks past and the shitcoin started dumping until he eventually loss 90% of his funds. After receiving this negative result due to his own ignorance,on his own he started investing in Bitcoin for the long term. I think anybody that isn't comfortable on investing in Bitcoin for the long term is free to exit anytime .  I don't have that time to start begging someone to invest in Bitcoin, I will simply allow him to taste the bitter side of investing in a shitcoin Grin maybe Experience will teach him right if he cannot listen to advice to invest in Bitcoin.

Original archived Re: Buy Buy Buy or Sell Sell Sell?
Scraped on 21/08/2025, 06:14:43 UTC
Quote from: HajiBagi on August 20, 2025, 05:14:08 AM
You're right; some people still struggle to understand because they want to make quick profit. I saw a post where someone claimed that he doesn't know if he is investing in Bitcoin or not because he doesn't understand how the market works; he has been investing for two years and hasn't noticed any changes, which demonstrates how greedy the person is. Bitcoin doesn't work like that; you have to be patient and the more you invest, the more you may expect a positive outcome. You can't just hold onto it for two, three, or four years and expect a significant profit in return.
what was he expecting after investing in Bitcoin for a short time period of 2years. Anything less than 5 years is a short term plan for me and to start expecting any significant profits from holding Bitcoin for a short time is absolutely wrong. People with this mindset of investing for less than 5 years should be regarded as traders that are only interested in making quick profits by buying bitcoin only to later sell it for cheap profits. Around last year,I gave an advice to a close friend of mine to start investing in Bitcoin and hold for a period of 5-10 years, he accepted but he wasn't too comfortable with the time frame of holding for 5-10 years that's it is too long for him to hold . Because he wanted quick profits,he ignored my advice went ahead and invested hugely into a popular shitcoin called PEPE. After investing into PEPE (another pump and dumb coin),some weeks past and the shitcoin started dumping until he eventually loss 90% of his funds. After receiving this negative result due to his own ignorance,on his own he started investing in Bitcoin for the long term. I think anybody that isn't comfortable on investing in Bitcoin for the long term is free to exit anytime .  I don't have that time to start begging someone to invest in Bitcoin, I will simply allow him to taste the bitter side of investing in a shitcoin Grin Experience will teach him right if he cannot listen to advice to invest in Bitcoin.