Re: Buy the DIP, and HODL!

Quote from: bullbandit9 on Today at 02:36:04 PM

Quote from: Wind_FURY on Today at 11:18:11 AM

Does anyone know if he's an active community member in BitcoinTalk. If he wants to join the Push-Ups topic, he could do that and be also in a weight-loss journey.

I don't why everyone in that topic continues to do their push-up until £100,000 challenge, because Bitcoin is already over that value.

Mate, you are wrong. £ stands for British pound, and currently Bitcoin is around £80k.

Quote from: AVE5 on Today at 01:36:10 PM

Investment should be treated as retirement plans even though we're to take profits in the long run but holding that portfolio firmly with tangible accumulated bitcoin values without the need to sell or opt out your entire assets in the short term. On my own, long term investment plans would have a benchmark of 4 years if invested in the earlier stage after a closed market cycle after the Bull run is over.

4 years is not a long term investment, that is very short. In crypto I would consider a long-term investment 8 to 10 years based on its young age. For traditional stuff, 20-30 years at the very least. Otherwise the naming would be stupid. If you call 5 year investments long-term investments, what are 20 year investments then? Ultra long term investments? Grin

Here, instead of arguing about time, we should talk about the real purpose. The main purpose of long-term investment is to avoid short-term price fluctuations or market volatility and make big profits by keeping the investment for a long time or years maybe 10 years or more. As a result, the stability of assets increases. The instability of a few days, months or years can be avoided. Through this, you can save yourself from the impact or panic of investment. Not only that, compound interest means profit on profit. In short, if it is said in a formal way, if you invest for a long time, the profit is reinvested and money grows on money. So instead of arguing about time, pay attention to your holding capacity.