Quote from: sotelorene on November 25, 2024, 10:26:09 PM

Quote from: Mayor of ogba on November 25, 2024, 09:45:37 AM

Quote from: Franctoshi on November 21, 2024, 04:46:13 AM

Quote from: Agbamoni on November 20, 2024, 09:12:05 PM

Quote from: Moreno233 on November 20, 2024, 08:06:01 PM

Instead of filling here with trading discussion when we are discussing how to buy and continue buying and holding, why not we take some of these discussion to the section meant for trading alone. There you can share your knowledge and experience about trading and it will be better appreciated because in here, most participants in this discussion are more focused in building their Bitcoin portfolio for long term HODL rather than buying and selling within a short interval of time which is what trading is basically about. I don't think there is anyone that condemned you for talking about trading just that your comments seems to be supporting trading in the wrong board, that is what I understand should be creating the reaction you are receiving from many people.

Most of us here have tried trading before learning how to invest and hold. If you will be honest with yourself, you will accept that holding comes with certain degree of peace that cannot be found in trading because in trading, your capital is constantly exposed to risk daily and weekly. This is the reason why many chose never to trade but concentrate in buying and holding.

In as much as we have passed through some processes of trading in life and have figured out that buying and hodling for the long term is probably the best approach to go about Bitcoin investment. This doesn't mean we can force our own side of things into another person. People will always make a decision that best suits their interests. And again, I wouldn't want to force my view on someone who hasn't seen the brighter side of it. Of course, we can share opinions and if such a person does not have his own personal condition it will be difficult for them to deviate from what they see is right.

Am sure many of us here have one way or another tried trading in the past. We know how long it took us to understand that it was the wrong path before we committed ourselves to long-term goals. In the meantime, there is a better approach to tell Tungbulu how dangerous trading is. Perhaps a real-life scenario/experience will be more encouraging. Let's just don't forget we didn't get to know about Bitcoin in the twinkle of an eye. Things we did wrong were part of what built our knowledge of how progressive and successful we have been in our investment.

Most People I have seen who are into landed property investment only sell land to buy another land at cheaper prices, meaning you can only sell your Bitcoin to Buy more Bitcoin, selling some portion at the top to buy back the dips.

Why will you even sell some portion of your bitcoin_{investment at the top just to buy back that same bitcoin you sold when bitcoin dumps when you are still in your accumulation stage}? Since you are yet to accumulate the amount of bitcoin you want to hold, there is no need of selling your bitcoin at a high price with the idea to buy back when the price is low because you might get distracted with that, which might make you change your long-term vision on bitcoin investment to short-term vision. And I want you to understand that land investment and bitcoin investment are not the same. If you sell your land at a high price, there are a lot of possibilities that you will get a cheaper one to reinvent your money because there are so many underdeveloped areas covered with land, but if you sell your bitcoin at a high price just to buy back at a low price, you are gambling with your bitcoin investment because you are not certain if the dip will happen today or tomorrow or if you will ever see bitcoin at that same price you sold some portion of your bitcoin.

You are actually right, Bitcoin investment is different from land investment but the truth is both are good investment. Selling Bitcoin because of the value it has gotten to is a trader mindset and this also means that the person doesn't really understand what Bitcoin investment is all about, the potential of Bitcoin and the person doesn't believe in long term investment. This high value of Bitcoin is not the end point of Bitcoin that is to say that Bitcoin is still going to pump even though there will be a Dip. However, when we sell land to buy new one sometimes it's not that easy to get a cheaper one, you will have to search and search and if you are in a developed area you won't easily find a cheaper one that's a little similarity with Bitcoin, when you sell your coin sometimes you may not see dip to invest back again unless you are fortunate to sell when Bitcoin is about to dip but it's not advisable to sell your Bitcoin and wait for dip to invest again it's a very wrong strategy for me.

I agree with you dip to Bitcoin investment different from land businesses again unless you are fortunate to sell when Bitcoin is about to dip but it's not advisable to sell your Bitcoin and wait for dip to invest again it's a very risk for me.
investment at the top just to buy again , that same bitcoin you sold when bitcoin dumps when you are still in your accumulation period

Zozain

Posts

Merits