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
You sound confused Albert David . You say buy for the long term but sell when the price goes up. That does not sound like buying for the long term to me.
How long do you consider to be long term? and how much profit do you want to have when you sell the bitcoin you bought? When you sell are you planning to buy back at a lower price? how do you make any progress in building your bitcoin holdings (for the long term) if you have goals of selling when the price goes up?
There have been guys buying bitcoin for years and their profits are 3x, 5x, 10x, 50x, 100x, etc etc.. depending on when they got in and how long it might have had taken them to build their bitcoin position.
Some guys can build their bitcoin position in a short period of time, such as less than a year, but most people (who are really long term), it may well take them a couple of cycles to build their position, with each cycle being 4 years.
Perhaps you JayJuanGee said better things yet i will still have to put Albert David that he seem to be confusing trading or gambling for investment, if you want to talk about long term investment be consistent with your words.
It takes at least 2 to 3 cycles for one to be able to accumulate some amount of bitcoin prior to when one would be taking profit, and perhaps judging from our registration dates in this thread it seem more like we still have 1 or more cycles to keep accumulating before we can take the discussion toward taking profit when the market is up, hence I consider selling discussions to me premature for now and should be more focused on gathering as much as we can.