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.
Bitcoin is not like the shitcoins we see in the market that are where the teams will be looking for investors they will scam. We should be smart enough that Bitcoin is different and investors shouldn't sell immediately the price went up. That shitty practice can be done with Shitcoins because of the fear of the price crashing since the owners will want to make money from investors by selling half of their holdings making the shittycoins market to depreciate and the shitty investors losing their shitty investment.
Bitcoin is different and we should see it as a real investment not something to make quick profits from when price shoot up. I know some investors are opportunists looking for anything that will give them quick rewards. Bitcoin should be seen as a long term investment only.
Anyone who has been engaging in this thread for quite a long time now, wouldn't be stupid enough to sell off their Bitcoins. And even if they choose to sell some they shouldn't sell all of their Bitcoins because it is absolutely wrong to do so.
What you should so understand is that some folks talking about taking profit are old investors. They must have been holding for years now which is why they decide to take some profits. I think they are smart enough not to completely go out of the market by selling all they've got.
Maybe One thing is that experience prepares you for challenges, so those
learningwho have been involved here
for a long time are
already mature
in investing but those who have been with Bitcoin for a long time may be able to sell some increments for their personal purposes and market conditions. However, our biggest plan is that Bitcoin is a long-term investment and a hedge against inflation, so most of us don't like to sell Bitcoin. But it is still true that considering future risks, many people take the initiative to sell a small portion of their portfolio to meet financial needs. I can say that those who might be thinking of selling their investments may have made large undisclosed profits from Bitcoin,
So even if they sell small shares through analysis, their investment will not be disrupted, if the cash supply is active because they will be able to fill their portfolios through aggressive buying.
Firstly an investor who is able to accumulate his money with the hope that the DIP comes and he buys a lot of Bitcoin at lesser price has also displayed patience which is also one of the traits of a good investor and also happens to fall under some of the fundamental habits for creating wealth. Instead of spreading funds in bits you can save up and utilize it to its maximum during the DIP. It is capital efficient
Historically, those who have been able to wait and buy more bitcoin during the DIP have always outperformed those who use DCA method(I am still a fan of DCA, Please don't forget that!!). The capital is made to perform at peak efficiency by utilizing the virtue of patience. More is bought with lower amount during the bear market and sold at high prices during the bull market. An investor who uses DCA doesn't get to say this because they actually got some percentage of their Bitcoin during the Bull market.
The psychological advantage of buying during DIP cannot be overemphasized. Investors who buy during the dip get to have the greater feeling of reward and this feeling alone can make the investor who feels he achieved more last longer in Bitcoin market than an investor who just gets to have minimal profit after months of consistency and discipline. Although I am a fan of the DCA method, there are still somethings to be considered when buying during the DIP
You sound like a trader and your advise can be misleading to newbies who just want to get started with their Bitcoin investment to wait for the dip before accumulating Bitcoin where as you clam to be DCA user.
As new investor who just started accumulating Bitcoin waiting for the dip is not the right strategy for you because it will slow down your investment and you don't also know when it will be dip before accumulating so the best strategy as a new investor is persistently and consistently using the DCA strategy to accumulate Bitcoin, with this strategy you no more wait for the dip to buy because you are consistently accumulating Bitcoin irrespective of Bitcoin price let the dip come as an opportunity for you to accumulate more Bitcoin then you can decide to be aggressive with your reserve fund with you not over doing it.
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Facts, bro. Too many people miss out because they want to catch that perfect dip, but in reality nobody can time Bitcoin perfectly. The best move is consistency, DCA keeps you in the game without stress, and over time those little stacks build into something big. At the end of the day, it’s not about being the smartest trader, it’s about having the discipline to stay in and let Bitcoin do its thing.
I also agree more with your last point because any investor who still believes in Bitcoin is clearly not a trader or a craftsman who frequently predicts the timing and price of Bitcoin on a daily and weekly basis. Because their primary goal remains to buy Bitcoin as a foundation to grow their own Bitcoin holdings and also to see how much and how consistently they achieve that. Accumulating Bitcoin through DCA has truly provided the easiest path for everyone because this method can be done by anyone with an uncertain amount of funds.
So I also still like this method and also like the point you mentioned, where every investor must have endurance in terms of carrying out investments and must also have discipline in terms of implementing long-term investment methods without confusing their own thoughts and basic goals with price volatility that is still often seen in the market.
You sound like a trader and your advise can be misleading to newbies who just want to get started with their Bitcoin investment to wait for the dip before accumulating Bitcoin where as you clam to be DCA user.
As new investor who just started accumulating Bitcoin waiting for the dip is not the right strategy for you because it will slow down your investment and you don't also know when it will be dip before accumulating so the best strategy as a new investor is persistently and consistently using the DCA strategy to accumulate Bitcoin, with this strategy you no more wait for the dip to buy because you are consistently accumulating Bitcoin irrespective of Bitcoin price let the dip come as an opportunity for you to accumulate more Bitcoin then you can decide to be aggressive with your reserve fund with you not over doing.
The @Zackz5000 These two posts you replied to have the same meaning, so the purpose of quoting these two posts together is that you have made the same post repeatedly.
So it This should be
correctedfixed because there is a time difference and even similarities between the two posts, maybe it was due to your ignorance.