⭐ Merited by Scarlett_23 (2)
Prediction is a distraction and an investor should not even pay attention to it if they want to succeed in their investment because anyone who pay attention to Bitcoin prediction won't go far and they will end up on the road ( half way). Predicting the price of Bitcoin is really pointless and needless for an investor since the goal is to hold for long term. Traders keep deceiving themselves by trying to predict the price of Bitcoin when that is not possible though sometimes it happen by chance and luck but that doesn't mean they are sure or certain about it and I ask myself what is the reason for all these trader does when they already knew that profit is not guarantee.
I don't see how predicting the price of Bitcoin has something to do with an individual investment. Predicting the price of Bitcoin can hurt your investment from beginning successful as long as you dont let it get into your head that you start making irrational decisions. Of course, we cant deny that every investor have a picture of where we want the price to go. The difference between a successful investor and one who did not is simply because one let their wild guesses affect their accumulation, while the other irrespective of their wild guesses keeps accumulating and holding for long.
Those who follow the right method in investing and can keep their mentality fixed do not think about the future price of Bitcoin. Because if you invest for a long time, the chances of success increase a lot. Instead of making decisions based on Bitcoin predictions, you should invest for a minimum of 4 to 10 years. Because every 4 years, the price of Bitcoin has increased a lot in halving. Although the price of Bitcoin fluctuates greatly for about 4 years after a halving, the price has never been the same or lower than the price in the four years preceding the previous halving. . If you look at the chart below, you can understand it very well.
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