We should buy Bitcoin for the long term, and put a lot of effort into it, people succeed because of hard work! So we should be careful when we buy Bitcoin for the long term, sell it when the price goes up, then they can make a very good profit
I think you’re a bit off your statement, buying and investing in bitcoin should be on a consistent basis and holding for a long term, and I don’t really know what your reference of buying and holding for a long term means to you, when you’re saying that selling when the price goes up, and I think you’re confused considering your statement, you can possibly invest for one circle, but if you learn that isn’t enough you can actually decide to hold for over a decade or two circle, which is quite affordable like some guys who are here appreciate holding for a very long term, I think you should learn and understand how this works and you can possibly learn more from listening and learning more on this thread, how to invest and hold for a long term, and it’s not about selling when you come across a profit which isn’t sustainable.
If someone really has a long-term holding mindset, then the real precaution is not to be swayed by small market fluctuations, but to be patient and hold Bitcoin and focus on DCA. Being cautious for long-term investors means not making emotional decisions based on daily market fluctuations, but rather holding
DCA regularly with discretionary income. Therefore, investing a certain amount of money regularly every week or month without being too afraid of price increases or decreases is the right investment decision, no matter how much the price rises or falls, DCA solves this problem. This makes it easier to buy assets and accumulate in the long term at an average price.