Quote from: sotelorene on Today at 06:50:48 PM

Quote from: Cyber_warrior on Today at 03:34:20 PM

Quote from: Albert David on September 27, 2025, 10:30:27 PM

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

Why did you say we should be careful when investing in bitcoin for long term? The people that are suppose to be so careful are short term investors and traders, if you are planning to invest for long term, their is nothing to worry about, just buy your coin and hold, to be at a safer side, make sure you make use of DCA strategy when investing. I know everyone will definitely sell when the price goes up, but not that you going to be monitoring the market, and when you are in maybe 10 percent profits you going to sell, if you can do that, then that means you are not holding planning to hold for long term.

I think regardless of the approach that is whether Investment or trading, we ought to be very careful when ever we are doing something because if you are not careful you might make a regrettable mistake though been careful in Bitcoin investment doesn't mean you are scared or afraid but you just have to be but not like the way traders will be because they are not sure of what will become of them sooner or later that is why it is not good to be playing with Bitcoin ( predicting it). Predicting the possible movement of Bitcoin ( trading) is very risky and we should abstain from it.

Even as investors in Bitcoin, you aren't certain of the future or what will become of your investment in the future, even though their is a higher probability of Bitcoin going to $1m or more in the future, so investing only with our discretionary income is adviced since it's a money we can afford to lose.
Trading or investing, they are both risky, but their is a higher level of risk in trading than investment in Bitcoin, so anyone that is saying that their is no risk attached to investment in Bitcoin is just trying to misinform newbies, because nothing is guaranteed in this life.
Just that in Bitcoin investment, their are measures that needs to be in place in other to mitigate the effect of the risk, which is holding for a very long time, since it's an asset that appreciate in value overtime.