The price of Bitcoin had gone up and I've been hearing people talking about how to sell their Bitcoin as soon as possible if the price of Bitcoin exceed $125k. This is ridiculous on how many are looking for quick profits immediately the price of Bitcoin goes up. We shouldn't be taken away by the force of investing in Bitcoin for the sole reason of cashing out as quick as possible.
You will always find people who are timing the market, waiting patiently for the price of Bitcoin to go up for them to sell for quick profits. I believe the sole reason people invest in bitcoin is to make realistic profits from holding bitcoin as a store of value but selling too early isn't the right way to get some huge profits out of the system. bitcoin was built in a way that work best only by investing for the long term,that's why traders that tries to outsmart the market for quick profits often run in losses because they are gambling instead of investing for the long term.
This is very wrong and should be discourage at every given opportunity we have. That people do it does not make it right and the good thing about the conversation we have in this forum is that it helps people leave the wrong things they are doing and follow the right things that will help them now and in the future. Timing the market is the activities of traders who want to buy low and sell high, this is not what we are discussing in a thread dedicated for long term investment. People who start investing in Bitcoin with the right information have the luxury of not experiencing some of the losses and pains that some of us passed through and till achieve their accumulation objectives much faster without distraction. We should therefore encourage people to do the right thing which is investing with discretionary income and through the DCA method.