Re: Buy Buy Buy or Sell Sell Sell?

Quote from: Cossyblack on Today at 06:14:43 AM

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.

I agree with you. Because investing in Bitcoin for less than 5 years is a short-term investment. Due to the high and low price, there is a higher chance of loss than profit in a short-term investment. Even if there is some people make profit in short time investment but it is much less compared to long-term profit. In the bull run of 2013, the price of Bitcoin was aprox $1100 and then it came down to $200. Those who sold in a short time lost money. But those who invested for more than 5 years at that time made many times more profit. A similar situation was seen during the bull run of 2017. And if we talk about the current time. In the 2022 bear market, the price was aprox $15,500. But in 2025, it has now reached an all time high. So, of course should invest in Bitcoin for a long time, for at least more than 4 years. The longer we can invest by following DCA from discretionary income, the more profit we can get. Now the trend of investing for a long time has now taken an institutional form. For example, MicroStrategy has so far HODLing 629,376 Bitcoins. And it is constantly buying Bitcoins. So there is no other option to invest in Bitcoin for a long time. And shitcoin is a fraudulent coin. It actually fools people and takes the money of the investors. In the pump and dump era, some people may gain, but most people lose everything. We should stay away from all kinds of fraudulent coins outside of Bitcoin.