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This is the reason why a lot of people jump into bitcoin investment and think that it's a get rich quick scheme and run at loss because they fail to learn the basic knowledge of bitcoin and understand how they can plan on investing and hodli for a long-term.

Most people that don’t have proper knowledge about bitcoin do see bitcoin as a Ponzi scheme, and that’s why most people do end up jumping into it, they believe they can easily make quick money from bitcoin investment, but things doesn’t work like that, if you jump into bitcoin investment, then you going to end up regretting at the end because you definitely going to lose. People that claim they having signal groups are the set of people that makes bitcoin investment looks like a Ponzi scheme, they are ready to say anything just for people to join their group.

If you are investing in bitcoin, then you shouldn’t be having the mindset to make profit within a short period of time, your intention is to hold for long term, and if you are holding, then you should learn the appropriate way to hold your bitcoin so that you won’t end up losing your bitcoin after holding for years.

Sure, many people get it wrong these days because of the people they believe online, claiming to have signals for the right time to invest in Bitcoin. Those ones are purely traders chasing quick profits, and out of greed you can lose everything before you even know it. Most of them only do this to earn for themselves. They create groups that newbies can join and blindly believe everything they say, and at the end of the day, when those newbies lose money, they quickly conclude that Bitcoin is just like any other investment.

However, there is nothing like timing the market when it comes to Bitcoin investment. You cannot outsmart the market or predict if it will go down in the next hour or tomorrow. As you said, the only mindset to have when investing in Bitcoin is long term growth, not to be deceived by anybody who claims they can predict how the market will move anytime soon.

We often see such incidents, but those who will give you signals about Bitcoin or come online and start giving you knowledge about it are actually hypocrites and they are after you for their profit. But especially beginners have to be careful about this because they will show you the tendency to get rich quick and make comments that you will be able to profit quickly, if you fall into their trap then you will be cheated. But if you want to invest in Bitcoin, it will not be right to take advice from such hypocrites because even if you cannot analyze the market, you can invest, you just have to be patient and hold on for a long time. But no one can predict 100% about Bitcoin. So I would say that you invest in Bitcoin for the long term to get your results, then it will be good for you.

and doing that is a waste of time but investing is better because you don't need to predict the price neither are you in for quick profit but rather long term return which will be very massive if we hold for long.

To get long-term returns, you have to wait for at least 2 cycles. This will increase your portfolio very easily. And it will make you realistic, as a result of which you will easily understand why you should invest for the long term and why you should hold on. The money you allocate for investment should be from a money that you will not need for the next few years, so that there is no pressure on your investment. Long-term investment is easy to say but difficult to do, because at this time the investor is in a lot of trouble. And he does not hesitate to lose his investment. So if you want to reach your plan and earn more profit, you must invest for at least 10 years. And you have to build yourself as a long-term investor.

Just as you have made mentioned in some case allowing your investments to grow over a long period can lead to significant returns due to compound interest.

Pulse also Investing for the long term can help you ride out market fluctuations and avoid making impulsive decisions based on short-term volatility.

And aslo over the years i have also experiened that multiple market cycles can help you develop a more realistic understanding of investing and the importance of patience.