Buy Buy Buy or Sell Sell Sell?

[Tonimez]

There are some investors who try to make profit by selling small targets. This is not bad

I think it is really bad and shameful for someone who calls himself an investor to sell his bitcoin holdings for a small target of short profit. As a matter of fact you don’t refer to such persons as an investor but rather they are referred to as traders because such mindset is a trading mindset which is not really encouraging and also misleading especially to the newbies as it will translate such mindset to them also. Selling for a short term gains isn’t a good investment strategy or mindset, you’ll be thinking you’re making gains but the end product is a total loss, if you sell now for the short term gain, and probably you want to accumulate later you might be buying bitcoin in a more higher price even more than the gain you think you made earlier and if that happens, you are already at a loss. I’m sure most people who sell when bitcoin hits $90k will be regretting now. The best is to accumulate persistently, consistently and hodl for the long term goal.

You're very correct about this Idea of taking profit from bitcoin and it's implications. The most difficult part of this who matter is that those people involved in bitcoin trading can never believe they're wrong and they always argue that they understand bitcoin very well and can tell when price will rise and speculate it's fall too. Bitcoin volatility has no rhythm nor pattern and happens anytime in any dimensions. There's no total gain in collecting the supposed profit since your next investment may collect even more money than you have made.

If you gain today and loose the next two days, it's all a loss.

[fullfitlarry]

There are some investors who try to make profit by selling small targets. This is not bad

I think it is really bad and shameful for someone who calls himself an investor to sell his bitcoin holdings for a small target of short profit. As a matter of fact you don’t refer to such persons as an investor but rather they are referred to as traders because such mindset is a trading mindset which is not really encouraging and also misleading especially to the newbies as it will translate such mindset to them also. Selling for a short term gains isn’t a good investment strategy or mindset, you’ll be thinking you’re making gains but the end product is a total loss, if you sell now for the short term gain, and probably you want to accumulate later you might be buying bitcoin in a more higher price even more than the gain you think you made earlier and if that happens, you are already at a loss. I’m sure most people who sell when bitcoin hits $90k will be regretting now. The best is to accumulate persistently, consistently and hodl for the long term goal.

Yes, and short term gains is just like gambling per se, and it looks like you are just gambling the hell out of it. Just look at this scenario,

• 2017: Sold at $10K? Missed $20K.
• 2020: Sold at $20K? Missed $69K.
• 2024: Selling at $90K? You’ll miss $250K+.

So in any case that 3rd scenario is hit in today's current bull run cycle, then short term investors are going to regret the potential profit. You just have to hold in the last 4 months or so and you will have that biggest ROI. And from what I've learn, the biggest regret here are always by SELLING,  and not holding.

By now, we should 'believed' that Bitcoin should be hold long term, look at the bigger picture.
And for newbies, don't believed on the 'get rich quick scheme', those who believed it in? - they usually go broke.

[Futurexxx]

You're very correct about this Idea of taking profit from bitcoin and it's implications. The most difficult part of this who matter is that those people involved in bitcoin trading can never believe they're wrong and they always argue that they understand bitcoin very well and can tell when price will rise and speculate it's fall too. Bitcoin volatility has no rhythm nor pattern and happens anytime in any dimensions. There's no total gain in collecting the supposed profit since your next investment may collect even more money than you have made.

If you gain today and loose the next two days, it's all a loss.

I find it very ridiculous that these guys that normally sells their Bitcoin for minor gains always thinks that they are making the right decision by doing so, you will hear them saying that they will sell and later buy it back when it dip in price,  not knowing that by doing so, they might miss that leap in value Bitcoin always do, anytime it want to create a new all time high.
Just imagine how those that sold for minor gains when it rose to $72k thinking that they have gotten the best price, not knowing that it's moving to a new all time high at $123k, so selling for minor gains with the intention of rebuying it when it drop is a very terrible way to invest in Bitcoin.
So the best possible way to go about it is to buy and hold for the future, because in like 10 to 20 years time from now, Bitcoin can go as high as a million dollar or more.

[ruykeri]

if you invest in Bitcoin for a long time, then if it is from 4 to 10, then it will bring success

Holding bitcoin to or 4 to 10yrs doesn't necessarily mean that our investment is going to be successful or in profit. If we look at bitcoin past record it shows that long term holders have been more successful than short term holder , however since the future is unpredictable. There are so many things or factors that may affect the performance of bitcoin. Holding bitcoin for long term may reduce the impact of short term volatility, however it doesn't mean that it has removed the chances of loss. There is still risk in long term investment, so holding for longer time isn't a guarantee that our investment is going to be successful

No one can say exactly what the price of Bitcoin will be in the future, but based on past statistics and current demand, it can be assumed that it is possible to achieve success through long-term investing in Bitcoin. I have said from the assumption that investing in Bitcoin will bring success through long-term investing. There are many very simple reasons behind this that everyone understands. For example, the demand of Bitcoin is increasing day by day, but supply is fixed , large institutions are holding a lot of Bitcoin for long-term investing. And the most important thing is that the powerful countries of the world are planning to buy  Bitcoin as their reserve currency. As a result, there will be less Bitcoin in the market in the future and the demand will increase. And the more demand increases, the more the price will increase. This is the knowledge of simple economics. Although the price of Bitcoin may fluctuate due to various influences in the world in the future, at the end of the day it will definitely establish itself as the best and most profitable option . So I think if someone has discretionary income, they should follow DCA and invest in Bitcoin regularly. And also create a reserve fund and emergency fund so that if they face any kind of financial problem in the future, they can take money from that fund and get rid of that problem without selling bitcoin that was holding .

[Jostern]

There are some investors who try to make profit by selling small targets. This is not bad

I think it is really bad and shameful for someone who calls himself an investor to sell his bitcoin holdings for a small target of short profit. As a matter of fact you don’t refer to such persons as an investor but rather they are referred to as traders because such mindset is a trading mindset which is not really encouraging and also misleading especially to the newbies as it will translate such mindset to them also. Selling for a short term gains isn’t a good investment strategy or mindset, you’ll be thinking you’re making gains but the end product is a total loss, if you sell now for the short term gain, and probably you want to accumulate later you might be buying bitcoin in a more higher price even more than the gain you think you made earlier and if that happens, you are already at a loss. I’m sure most people who sell when bitcoin hits $90k will be regretting now. The best is to accumulate persistently, consistently and hodl for the long term goal.

You're very correct about this Idea of taking profit from bitcoin and it's implications. The most difficult part of this who matter is that those people involved in bitcoin trading can never believe they're wrong and they always argue that they understand bitcoin very well and can tell when price will rise and speculate it's fall too. Bitcoin volatility has no rhythm nor pattern and happens anytime in any dimensions. There's no total gain in collecting the supposed profit since your next investment may collect even more money than you have made.

If you gain today and loose the next two days, it's all a loss.

As someone who is still on accumulation stages why should we be talking about profit, we should be more interested in accumulating Bitcoin now and focusing on building a portfolio for a long term investment and to hodl our Bitcoin, because right now I think we’re very distanced from over accumulation and we should focus on stacking Bitcoin on a weekly basis or monthly basis depending on when we’ve our discretionary income.

Well think people who should talking about profits are people who have been holding for a full complete circle or have been able to complete two circles, minimum of 5-10 years, then we could even think of having our profit and that isn’t even all our bitcoin we should be considering. At this point of my accumulation stages I should be thinking more of accumulating more and holding my bitcoin more.

[ejikeme24]

There are some investors who try to make profit by selling small targets. This is not bad

Selling for a short term gains isn’t a good investment strategy or mindset, you’ll be thinking you’re making gains but the end product is a total loss, if you sell now for the short term gain, and probably you want to accumulate later you might be buying bitcoin in a more higher price even more than the gain you think you made earlier and if that happens, you are already at a loss. I’m sure most people who sell when bitcoin hits $90k will be regretting now. The best is to accumulate persistently, consistently and hodl for the long term goal.

That's one of  the implication of investing for the short term profit because after selling all your bitcoin investment you will still need to start all over if you are lucky to meet a buying opportunity then you thank your stars else you will end up buying when the price must have increase, in some cases a guy might even end up investing with the whole profit he made from his  short term investment before he could be able to accumulate enough stash of bitcoin his portfolio, everyone should be attempting to invest and HODL in the long run to enable it get matured Before you should be attempting to sell. We shouldn't be in a hurry to make profit from bitcoin because the only reason why most people have chosen to invest for the short term profit is due to curiosity, they want to make profit before others. this is why they decide to go with the wrong approach just so that they could achieve thier target, which is very wrong.

[Finebone]

You're very correct about this Idea of taking profit from bitcoin and it's implications. The most difficult part of this who matter is that those people involved in bitcoin trading can never believe they're wrong and they always argue that they understand bitcoin very well and can tell when price will rise and speculate it's fall too. Bitcoin volatility has no rhythm nor pattern and happens anytime in any dimensions. There's no total gain in collecting the supposed profit since your next investment may collect even more money than you have made.

If you gain today and loose the next two days, it's all a loss.

As someone who is still on accumulation stages why should we be talking about profit, we should be more interested in accumulating Bitcoin now and focusing on building a portfolio for a long term investment and to hodl our Bitcoin, because right now I think we’re very distanced from over accumulation and we should focus on stacking Bitcoin on a weekly basis or monthly basis depending on when we’ve our discretionary income.

Well think people who should talking about profits are people who have been holding for a full complete circle or have been able to complete two circles, minimum of 5-10 years, then we could even think of having our profit and that isn’t even all our bitcoin we should be considering. At this point of my accumulation stages I should be thinking more of accumulating more and holding my bitcoin more.

I agree to what you are saying here, selling part of your bitcoin or all of your bitcoin during your accumulation stage should be discouraged greatly because it's the fastest way to wreck your investment and make you miss that great opportunity that lies ahead when investing in bitcoin, so no matter what, if you have not gotten to the end of your bitcoin accumulation, don't ever sell part of it because it's not a healthy practice.
You might decide to take some profit if you have gotten to that over accumulation status, but if you haven't gotten there, don't ever sell.

[JayJuanGee]

There are some investors who try to make profit by selling small targets. This is not bad,

The very idea of an investor selling for small profit is bad enough already and should not be encouraged in my opinion, when they do this, they switch from investing to trading and this is where all their mistakes start piling up for them, no investor's target should be short term, and making profits from small targets is short term investment and while it might seem promising at the time it's always the after effects that's detrimental as they sometimes sell more than the profit made and even sell the capital investment because while you might have made $1k profit during your sale, investing $1k after might afford you less bitcoin than what you sold which leaves you at a lose.

Those who buy Bitcoin for a small profit should know more about the benefits of holding it for the long term.

those who buy bitcoin for small profits will definitely know less about the benefits of holding long term since they've probably never experienced it themselves, it's makes more sense for a long term investor to, short term investors invest in short term because they don't know about the benefits of investing long term, to them the short term profit is the best kind of profit to make, if they understood the benefits of investing long term then they would have invested long term so I disagree with them knowing more about the benefits of holding bitcoin for long term as that would mean long term investors know less about the benefits of holding which is very wrong.

Frequently in bitcoin's history, it might not be clear about the advantages of long term accumulation and consistent and persistent accumulation of bitcoin through buying only.

It could take 6-8 years or longer just to really start to see the results, and surely guys who go back and forth with their buying and selling (in a trading kind of way), they could end up having 80% to 90% success rate (usually it is not that high) with their various trades, but then they end up having 1-2 trades that end up both screwing them out of their previous profits but then putting them into a mindset and a trading framework in which they are waiting for the price to drop rather than either actively holding bitcoin and/or ongoingly buying bitcoin, and so many times in bitcoin history, it has done some kind of a stair-step up in its price and then never comes down so if a guy is low on coins or a no coiner at the time of the upward stair-step, then he ends up getting screwed out of not being in bitcoin at a time that was unambiguously profitable and at a time in which the price is never ever ever coming back down to the previous levels that the guy could have had been in and could have had profited from the upwards stair-step in bitcoin's price that then ended up happening.

It just does not seem reasonable or smart to be fucking around with one of the best, if not the best, assets known to man with trying to sell it and buy back cheaper when a guy could end up selling too much too soon and then not being in (or mostly in) when he should have had been mostly in.. and the stair-stepping up is not always obvious, even though the stair-stepping up is obvious when we look back at charts and we can see points in time that guys might have had really fucked themselves over by being either low coiners and/or no coiners during times that they should have had been holding, but instead they were trading and/or being jubilant in the small profits that they were getting relative to where they would have had been through a holding and/or ongoing accumulating strategy.

There are some investors who try to make profit by selling small targets. This is not bad

I think it is really bad and shameful for someone who calls himself an investor to sell his bitcoin holdings for a small target of short profit. As a matter of fact you don’t refer to such persons as an investor but rather they are referred to as traders because such mindset is a trading mindset which is not really encouraging and also misleading especially to the newbies as it will translate such mindset to them also. Selling for a short term gains isn’t a good investment strategy or mindset, you’ll be thinking you’re making gains but the end product is a total loss, if you sell now for the short term gain, and probably you want to accumulate later you might be buying bitcoin in a more higher price even more than the gain you think you made earlier and if that happens, you are already at a loss. I’m sure most people who sell when bitcoin hits $90k will be regretting now. The best is to accumulate persistently, consistently and hodl for the long term goal.

You're very correct about this Idea of taking profit from bitcoin and it's implications. The most difficult part of this who matter is that those people involved in bitcoin trading can never believe they're wrong and they always argue that they understand bitcoin very well and can tell when price will rise and speculate it's fall too. Bitcoin volatility has no rhythm nor pattern and happens anytime in any dimensions. There's no total gain in collecting the supposed profit since your next investment may collect even more money than you have made.

If you gain today and loose the next two days, it's all a loss.

Many times traders under appreciate and/or fail/refuse to sufficiently calculate and account for the exponential s-curve adoption of bitcoin and that we are in the fairly early stages of such exponential s-curve, which means that they are frequently treating bitcoin as a mature asset rather than an immature asset, which contributes to their overly weighting that every  up requires some kind of an equal (or close to equal down), and so they end up underweighting the costs that come from selling too many bitcoin too soon and that the price may well never come back down to their anticipated levels,

so it ends up costing them way too much by employing selling (and/or trading) techniques in their management of their bitcoin holdings and/or their strategies that may well had been intended on accumulating bitcoin, yet their dumbasses wrongly conclude that selling bitcoin is a reasonable strategy to accumulating more bitcoin, which frequently does not end up working out in their favor.. because they lose their focus and they end up with fewer bitcoin than they otherwise would have had if they would have had stayed focused on accumulating through ongoing buying rather than fucking around and waiting and/or trying to trade...and yeah, maybe sometimes the ongoing accumulator is buying BTC at higher prices than what he would have had otherwise, but in the end he is staying focused and banking on his engaging in a practice that results in ongoing building of his bitcoin stack.. especially in early years of his investment which might be 4-6 years or more of ongoing, consistent, persistent, regular and perhaps even aggressive bitcoin accumulation through buying only.

There are some investors who try to make profit by selling small targets. This is not bad

I think it is really bad and shameful for someone who calls himself an investor to sell his bitcoin holdings for a small target of short profit. As a matter of fact you don’t refer to such persons as an investor but rather they are referred to as traders because such mindset is a trading mindset which is not really encouraging and also misleading especially to the newbies as it will translate such mindset to them also. Selling for a short term gains isn’t a good investment strategy or mindset, you’ll be thinking you’re making gains but the end product is a total loss, if you sell now for the short term gain, and probably you want to accumulate later you might be buying bitcoin in a more higher price even more than the gain you think you made earlier and if that happens, you are already at a loss. I’m sure most people who sell when bitcoin hits $90k will be regretting now. The best is to accumulate persistently, consistently and hodl for the long term goal.

Yes, and short term gains is just like gambling per se, and it looks like you are just gambling the hell out of it. Just look at this scenario,

• 2017: Sold at $10K? Missed $20K.
• 2020: Sold at $20K? Missed $69K.
• 2024: Selling at $90K? You’ll miss $250K+.

So in any case that 3rd scenario is hit in today's current bull run cycle, then short term investors are going to regret the potential profit. You just have to hold in the last 4 months or so and you will have that biggest ROI. And from what I've learn, the biggest regret here are always by SELLING,  and not holding.

By now, we should 'believed' that Bitcoin should be hold long term, look at the bigger picture.
And for newbies, don't believed on the 'get rich quick scheme', those who believed it in? - they usually go broke.

Your three examples are ok in order to argue your point, yet there are even better examples of guys selling at various points in which the BTC price had gone up a lot in prior times so then they sold a lot if not everything with an expectation that the price was going to drop back down, but instead the price continued to go up and then the price never dropped back down below their sell price at sufficient levels to motivate them to buy back, and there are even examples where the price does drop back to or below their levels and the dumb (greedy) trading twats are too greedy to buy back because they want even lower prices, which do not end up happening.

[Princess Leah]

~

I agree to what you are saying here, selling part of your bitcoin or all of your bitcoin during your accumulation stage should be discouraged greatly because it's the fastest way to wreck your investment and make you miss that great opportunity that lies ahead when investing in bitcoin, so no matter what, if you have not gotten to the end of your bitcoin accumulation, don't ever sell part of it because it's not a healthy practice.
You might decide to take some profit if you have gotten to that over accumulation status, but if you haven't gotten there, don't ever sell.

Some people really don't understand what Bitcoin investment is all about else they'll be doing it the right way instead of the other way round, I see no reason why someone would call themselves an investor without the thought of long-term one of the qualities of a true investor is patience and if one doesn't have such quality then the person is not qualified to be called an investor.

 So far one has made up their mind to invest on Bitcoin you must be determined to reach your target and by then you must have over accumulated then decide to take some profits, taking profits when it's not due it comes with regrets, cause such investor would miss out on better opportunities in the future.

[EL MOHA]

Your three examples are ok in order to argue your point, yet there are even better examples of guys selling at various points in which the BTC price had gone up a lot in prior times so then they sold a lot if not everything with an expectation that the price was going to drop back down, but instead the price continued to go up and then the price never dropped back down below their sell price at sufficient levels to motivate them to buy back, and there are even examples where the price does drop back to or below their levels and the dumb (greedy) trading twats are too greedy to buy back because they want even lower prices, which do not end up happening.

I have actually had this discussion here on the forum where I pointed out that for me it is risky to actually sell bitcoin with the intention of buying back immediately it dumps because bitcoin reaches a certain level. For example when bitcoin was going to $120k some people who traded this way where of the opinion that bitcoin it was better to sell and buy back later because they predict it will get back low, while this is possible, the possibility of it continuing its upward movement is still there and there is also possibility of it never coming back to that same price which it was sold at again.

For example during the bang of war between Iran and Isreal bitcoin was well up above $100k many were speculating it to fall to around $85k then and they sold at the top of $100k and then after the US came into the mix the price did fall below $100k but yet they were greedy people who were waiting for this $85k price region but instead bitcoin actually went up and I don’t think we have gone below $105k since then which means some of them could be in loss if they are buying now. So for me risk most of them time out ways the potential profit, so it is best to take an actual profit rather than to sell and buy immediately that’s more like gambling to me

[Bluedrem]

As someone who is still on accumulation stages why should we be talking about profit, we should be more interested in accumulating Bitcoin now and focusing on building a portfolio for a long term investment and to hodl our Bitcoin, because right now I think we’re very distanced from over accumulation and we should focus on stacking Bitcoin on a weekly basis or monthly basis depending on when we’ve our discretionary income.

Well think people who should talking about profits are people who have been holding for a full complete circle or have been able to complete two circles, minimum of 5-10 years, then we could even think of having our profit and that isn’t even all our bitcoin we should be considering. At this point of my accumulation stages I should be thinking more of accumulating more and holding my bitcoin more.

     -Yes, that's right, you really said a beautiful thing. Why should we think about profit and loss at the present time when we are in the savings stage. Bitcoin may be in loss today, but the bright future of it is very unlikely that we will be in such loss when our investment cycle is complete.
Yes, investors can say that it is an invisible currency and its risk is high. To be honest, since Bitcoin has been decentralized, its risk has decreased compared to other things including fiat currency.
I am telling investors if you compare the risk of Bitcoin with fiat, you will see that Bitcoin is many times safer than fiat at the present time. Because the amount of inflation that is happening in fiat currency is decreasing its value day by day. Again, many times it is seen that when a country can afford a currency, it creates a new currency, due to which fiat loses its value. Again, assuming that fiat currency does not lose its value, then we deposit it in the bank, in which case there may be bank robbery or the bank may defraud investors, in which case are our fiats safer than Bitcoin? Where Bitcoin has completely gained people's trust, due to which many countries are currently enriching their Bitcoin reserves as a strategic reserve asset.

In the second case, what you said is that the profit and loss calculation will be done by those who have enriched their portfolios considerably and have already been investing in Bitcoin for a long time.
Yes, so if they need money at the present time, they can search for more or less prices to sell the required number of Bitcoins from their portfolio to meet the shortage of money. But for us, who are new investors who have started investing in Bitcoin for a while, it is not at all right to calculate the profit and loss of Bitcoin right now because it may put us in a confusing situation, this thought can create panic in our minds in an unstable market. As a result, we can lose our Bitcoin before reaching our desired investment goal.
My advice for beginners in poetic language would be-
Invest deeply and trust Bitcoin, no one will give you financial security like Bitcoin anywhere else.
I will buy, buy as much as I can. I will learn hundreds of things while investing.
Don't be afraid, newbie, don't be afraid of Bitcoin.
You don't lose money in Bitcoin like fiat."

[Tungbulu]

There are some investors who try to make profit by selling small targets. This is not bad

I think it is really bad and shameful for someone who calls himself an investor to sell his bitcoin holdings for a small target of short profit. As a matter of fact you don’t refer to such persons as an investor but rather they are referred to as traders because such mindset is a trading mindset which is not really encouraging and also misleading especially to the newbies as it will translate such mindset to them also. Selling for a short term gains isn’t a good investment strategy or mindset, you’ll be thinking you’re making gains but the end product is a total loss, if you sell now for the short term gain, and probably you want to accumulate later you might be buying bitcoin in a more higher price even more than the gain you think you made earlier and if that happens, you are already at a loss. I’m sure most people who sell when bitcoin hits $90k will be regretting now. The best is to accumulate persistently, consistently and hodl for the long term goal.

Yes, and short term gains is just like gambling per se, and it looks like you are just gambling the hell out of it. Just look at this scenario,

• 2017: Sold at $10K? Missed $20K.
• 2020: Sold at $20K? Missed $69K.
• 2024: Selling at $90K? You’ll miss $250K+.

So in any case that 3rd scenario is hit in today's current bull run cycle, then short term investors are going to regret the potential profit. You just have to hold in the last 4 months or so and you will have that biggest ROI. And from what I've learn, the biggest regret here are always by SELLING,  and not holding.

By now, we should 'believed' that Bitcoin should be hold long term, look at the bigger picture.
And for newbies, don't believed on the 'get rich quick scheme', those who believed it in? - they usually go broke.

Your three examples are ok in order to argue your point, yet there are even better examples of guys selling at various points in which the BTC price had gone up a lot in prior times so then they sold a lot if not everything with an expectation that the price was going to drop back down, but instead the price continued to go up and then the price never dropped back down below their sell price at sufficient levels to motivate them to buy back, and there are even examples where the price does drop back to or below their levels and the dumb (greedy) trading twats are too greedy to buy back because they want even lower prices, which do not end up happening.

Those examples vividly shows the potential challenges associated with market timing and the dangers of making decisions based on expectations of short term fluctuations. Those investors who go ahead to sell off their Bitcoins just after a significant price increase, thinking that's the highest it'll go, only for the price to keep on going up, they'll definitely miss out on substantial gains. And if the price refuses to come down and continue to increase, it can be particularly frustrating which of course will make them realize what a costly mistake they've made.

The other scenario where the price actually drops back to or even below the price they sold, but the investor still fails to buy back due to greed, is also something that we see all time among investors who attempt to time the market or make decisions based on short term reactions of the market, and this behaviour is mostly caused by FOMO and combination of emotions, also potentially leading to missed opportunities and of course regret.

These scenarios show the importance of having a well thought out strategy and also sticking to that strategy, and not jumping on every single price fluctuate. When investors develop and adopt a more disciplined approach, it'll help them better  navigate the complexities and potentially ups and downs of the Bitcoin market and also avoid common pitfalls.

[Cipherpz]

[quote author=JayJuanGee link=topic=5487753.msg65677386#msg65677386

I think it is really bad and shameful for someone who calls himself an investor to sell his bitcoin holdings for a small target of short profit. As a matter of fact you don’t refer to such persons as an investor but rather they are referred to as traders because such mindset is a trading mindset which is not really encouraging and also misleading especially to the newbies as it will translate such mindset to them also. Selling for a short term gains isn’t a good investment strategy or mindset, you’ll be thinking you’re making gains but the end product is a total loss, if you sell now for the short term gain, and probably you want to accumulate later you might be buying bitcoin in a more higher price even more than the gain you think you made earlier and if that happens, you are already at a loss. I’m sure most people who sell when bitcoin hits $90k will be regretting now. The best is to accumulate persistently, consistently and hodl for the long term goal.
[/quote]

The real goal of investing is not just to buy patiently, but to save for the long term. Short-term price fluctuations hide the big picture, but consistent and permanent accumulation ultimately yields the best results. Although many traders are successful from time to time, they are stressed and depressed by some big losses and wait for the price to drop, and they seize the big opportunity. It is most difficult to be patient while saving and holding Bitcoin for the long term, because when the price fluctuates occasionally, many people get confused in the hope of profiting from trading. Historically, Bitcoin prices have climbed many big stairs and once they started to rise, they have not come down. Therefore, the most successful strategy is to buy in small steps consistently and save carefully in the long term. Many people have missed the opportunity to climb the ladder by selling their currency midway. Those who hold on to their savings and move forward are the ones who ultimately benefit the most. It is not always wise to play for profit by buying and selling quickly; it only entails risk.

[blackberrman]

If our investment doubles before our time limit ends, we can withdraw some money from our investment and enjoy it. But even if our time limit ends, selling our entire holdings would not be the right decision. Because I think the price of Bitcoin is still in its infancy. The price of Bitcoin can increase a lot in the future. So if you sell your entire holdings because your time limit has expired, you may regret it later. So it would be best to withdraw the amount you need and keep the rest of the holdings.

I don't know if this your idea of taking profits before reaching your bitcoin goal because you see that your bitcoin portfolio has doubled. If you take profits, it will affect the growth of your portfolio to a better height compared to when you didn't take profit. Imagine that profits that you took will depreciates your portfolio and the profits should have generated more profits overtime.

If you start taking profits because your bitcoin portfolio has doubled from the initial amount that you put in, it can be tempting and before you know it, you might take profits again the second time killing your long-term  accumulation goal and will delay you from reaching your bitcoin target. Let's not be profit cautious but focus on reaching our bitcoin goal since the profit is still there.

Once we start withdrawing early, it will automatically reduce our chances of reaching our set target and goals and also slowdown the growth of our portfolio. Early withdrawals.is like a time.ticking bomb to our bitcoin longterm goals. I believe what is best for everyone of us is to focus on our end goal, which should be more important than taking early and quick profits simply because we got our portfolio doubled in a short period of time expected does not mean we should start withdrawimg from our profits already.

I see a great potential in HODLing my bitcoin for a long period of time regardless of how good or bad the investments perform, because of the nature of bitcoin which can make you as many money as possible once it rises in its value. I am not equally against those who take small money from their profits, but let the reason be utterly justified. i.e based on life threatening needs etc. The reason why we should avoid touching our profits regardless of how good our investments are performing is it will end up becoming an attitude used to it and liquidating your portfolio without achieving your aims.

In our journey of life, we may face any kind of loss, be it illness or otherwise, it is normal, but it is very important to create an emergency fund to deal with this calamity. If you have a job or a business from which you can earn and with that money you can meet the needs of your family and with the remaining money you can invest in an emergency fund and Bitcoin, no matter how small your investment is, an emergency fund will keep your life safe and secure so that your long-term journey does not stop even in times of danger. Again, the DCA strategy is going to be great for you because through it you can keep investing regularly or weekly, in this way if you keep investing for a long time which means investing for 4-5 years you will get big profits, but there is no guarantee of it but if we consider from history then Bitcoin brings high profits in the long run which we can never deny, an emergency fund will provide protection in case of sudden need, on the other hand, by investing in Bitcoin for the long term, you will also be a beneficiary and it will bring great security in your retirement life.

[Moreno233]

Yes, and short term gains is just like gambling per se, and it looks like you are just gambling the hell out of it. Just look at this scenario,

• 2017: Sold at $10K? Missed $20K.
• 2020: Sold at $20K? Missed $69K.
• 2024: Selling at $90K? You’ll miss $250K+.

So in any case that 3rd scenario is hit in today's current bull run cycle, then short term investors are going to regret the potential profit. You just have to hold in the last 4 months or so and you will have that biggest ROI. And from what I've learn, the biggest regret here are always by SELLING,  and not holding.

By now, we should 'believed' that Bitcoin should be hold long term, look at the bigger picture.
And for newbies, don't believed on the 'get rich quick scheme', those who believed it in? - they usually go broke.

This is a great illustration of how important it is to see the bigger picture. If you buy Bitcoin and store safely in your wallet, you have done your job, you don't need to pay for maintenance or service charge, you don't need to do anything whatsoever yet your money keep gaining massively over the years and far more than what is obtainable in any business anywhere in the world. I don't know why it's difficult for some people to see that Bitcoin is a rare privilege and we are indeed lucky to see such an easy way of building wealth. I knew how my parents suffered to keep things running in the family, every penny they got as farmers was through sweat. If I see how privileged I am to know Bitcoin where I can save some part of my money and in the future I'm sure I don't have to work so hard to live comfortably, I'm always happy and thankful. This is why I don't joke with my Bitcoin business.

[sotelorene]

~

I agree to what you are saying here, selling part of your bitcoin or all of your bitcoin during your accumulation stage should be discouraged greatly because it's the fastest way to wreck your investment and make you miss that great opportunity that lies ahead when investing in bitcoin, so no matter what, if you have not gotten to the end of your bitcoin accumulation, don't ever sell part of it because it's not a healthy practice.
You might decide to take some profit if you have gotten to that over accumulation status, but if you haven't gotten there, don't ever sell.

Some people really don't understand what Bitcoin investment is all about else they'll be doing it the right way instead of the other way round, I see no reason why someone would call themselves an investor without the thought of long-term one of the qualities of a true investor is patience and if one doesn't have such quality then the person is not qualified to be called an investor.

 So far one has made up their mind to invest on Bitcoin you must be determined to reach your target and by then you must have over accumulated then decide to take some profits, taking profits when it's not due it comes with regrets, cause such investor would miss out on better opportunities in the future.

Yes, I agree with you in this the reason why some folks are making mistake is due to lack of knowledge and understanding and this is as a result of what they are being told about Bitcoin which is not true while some are due to misconception of what they told them. That is why it is very important whenever we are talking about Bitcoin we should be very careful to state it well and how it works and we should not also call Bitcoin cryptocurrency as this can mislead newbie and some folks that are not yet grounded in this journey or space because I have seen a lot of folks still classifying Bitcoin as cryptocurrency.

Mate, there are folks that also understood what is Bitcoin and how it works but they choose short term profit and that is to their own detriment but the right thing to do is to invest with long term mindset and stand by it because the future of this asset ( Bitcoin) is very promising.

[blackberrman]

The real goal of investing is not just to buy patiently, but to save for the long term. Short-term price fluctuations hide the big picture, but consistent and permanent accumulation ultimately yields the best results. Although many traders are successful from time to time, they are stressed and depressed by some big losses and wait for the price to drop, and they seize the big opportunity. It is most difficult to be patient while saving and holding Bitcoin for the long term, because when the price fluctuates occasionally, many people get confused in the hope of profiting from trading. Historically, Bitcoin prices have climbed many big stairs and once they started to rise, they have not come down. Therefore, the most successful strategy is to buy in small steps consistently and save carefully in the long term. Many people have missed the opportunity to climb the ladder by selling their currency midway. Those who hold on to their savings and move forward are the ones who ultimately benefit the most. It is not always wise to play for profit by buying and selling quickly; it only entails risk.

There are new investors who consider the profitable side of Bitcoin, but they are not very familiar with the history of Bitcoin, because they expect big profits from Bitcoin, which makes them spend a lot of money they have and are afraid of seeing the price of Bitcoin fluctuate because they want to make high profits by investing in the short term, but their idea is wrong, they do not benefit from this mistake, rather they lose more, and when they see that the price of Bitcoin has increased more than its selling price, they start to regret it again, but experienced investors are familiar with this, and they think that the current price of Bitcoin is the highest and are lagging behind in investing because they are waiting for Bitcoin to fall, but it is better for them to stay away from such wrong decisions, because they can start from the present, it is not too late for them, they should invest using the DCA strategy so that they do not panic or it is better to start with a small amount of money, in this they will get familiar with the market, if they invest using the DCA strategy, the market  It will free you from the challenge of knowing when to enter and exit. By investing in Bitcoin for a long time, you will understand that Bitcoin is a long-term profitable investment and history is true.

[yixichloro2xx]

If our investment doubles before our time limit ends, we can withdraw some money from our investment and enjoy it. But even if our time limit ends, selling our entire holdings would not be the right decision. Because I think the price of Bitcoin is still in its infancy. The price of Bitcoin can increase a lot in the future. So if you sell your entire holdings because your time limit has expired, you may regret it later. So it would be best to withdraw the amount you need and keep the rest of the holdings.

I don't know if this your idea of taking profits before reaching your bitcoin goal because you see that your bitcoin portfolio has doubled. If you take profits, it will affect the growth of your portfolio to a better height compared to when you didn't take profit. Imagine that profits that you took will depreciates your portfolio and the profits should have generated more profits overtime.

If you start taking profits because your bitcoin portfolio has doubled from the initial amount that you put in, it can be tempting and before you know it, you might take profits again the second time killing your long-term  accumulation goal and will delay you from reaching your bitcoin target. Let's not be profit cautious but focus on reaching our bitcoin goal since the profit is still there.

Once we start withdrawing early, it will automatically reduce our chances of reaching our set target and goals and also slowdown the growth of our portfolio. Early withdrawals.is like a time.ticking bomb to our bitcoin longterm goals. I believe what is best for everyone of us is to focus on our end goal, which should be more important than taking early and quick profits simply because we got our portfolio doubled in a short period of time expected does not mean we should start withdrawimg from our profits already.

I see a great potential in HODLing my bitcoin for a long period of time regardless of how good or bad the investments perform, because of the nature of bitcoin which can make you as many money as possible once it rises in its value. I am not equally against those who take small money from their profits, but let the reason be utterly justified. i.e based on life threatening needs etc. The reason why we should avoid touching our profits regardless of how good our investments are performing is it will end up becoming an attitude used to it and liquidating your portfolio without achieving your aims.

In our journey of life, we may face any kind of loss, be it illness or otherwise, it is normal, but it is very important to create an emergency fund to deal with this calamity. If you have a job or a business from which you can earn and with that money you can meet the needs of your family and with the remaining money you can invest in an emergency fund and Bitcoin, no matter how small your investment is, an emergency fund will keep your life safe and secure so that your long-term journey does not stop even in times of danger. Again, the DCA strategy is going to be great for you because through it you can keep investing regularly or weekly, in this way if you keep investing for a long time which means investing for 4-5 years you will get big profits, but there is no guarantee of it but if we consider from history then Bitcoin brings high profits in the long run which we can never deny, an emergency fund will provide protection in case of sudden need, on the other hand, by investing in Bitcoin for the long term, you will also be a beneficiary and it will bring great security in your retirement life.

Life will always throws curveballs, whether it is  illness, job loss, or unexpected expenses  and having an emergency fund is one of the smartest ways to protect yourself and your family. It is  not just about saving money,  it is  about creating peace of mind. Even if you are  only able to set aside a small amount each month, that fund becomes your safety net when things get tough......If you are  earning from a job or running a business, it makes sense to first take care of your family’s needs, then use whatever that is left to build your emergency fund and invest. And yes, Bitcoin can be part of that strategy. It is volatile, sure, but if you believe in its long term potential, then investing consistently,  even small amounts and using the DCA method is a smart move. It takes the emotion out of investing and helps you stay committed over time.

And moreover, there is  no guarantee of massive profits, but history has shown that Bitcoin has rewarded long term holders. So pairing a solid emergency fund with a steady investment plan gives you both protection and opportunity. One keeps you grounded during tough times, the other helps you grow toward financial freedom especially in retirement....It is  all about balance. Prepare for the worst, but also position yourself for the best. That is  how you build a life that’s not just secure, but also full of possibility.

Mate, there are folks that also understood what is Bitcoin and how it works but they choose short term profit and that is to their own detriment but the right thing to do is to invest with long term mindset and stand by it because the future of this asset ( Bitcoin) is very promising.

A lot of people understand what Bitcoin is and how it works, but they still fall into the trap of chasing short term gains. It is tempting, especially when the market is buzzing and prices are swinging but that kind of mindset often leads to poor decisions and missed opportunities......The truth is, Bitcoin isn’t a quick fix or a shortcut to wealth. It is  a long term asset with real potential, and the people who treat it that way that is people who invest steadily and stay committed  are the ones who tend to come out ahead. Sure, the market has its ups and downs, but over time, Bitcoin has shown strong growth and resilience.

Having a long term mindset means you are not shaken by every dip or distracted by every spike. You must be focused on the bigger picture and the innovation behind it, the limited supply, and the growing global adoption. That is where the real value lies.....So while others might be chasing fast profits and getting burned, staying grounded and thinking long term puts you in a much stronger position. It is not just about making money moreover it is about building something solid for your future.

[Theupdude]

Yes, and short term gains is just like gambling per se, and it looks like you are just gambling the hell out of it. Just look at this scenario,

• 2017: Sold at $10K? Missed $20K.
• 2020: Sold at $20K? Missed $69K.
• 2024: Selling at $90K? You’ll miss $250K+.

So in any case that 3rd scenario is hit in today's current bull run cycle, then short term investors are going to regret the potential profit. You just have to hold in the last 4 months or so and you will have that biggest ROI. And from what I've learn, the biggest regret here are always by SELLING,  and not holding.

By now, we should 'believed' that Bitcoin should be hold long term, look at the bigger picture.
And for newbies, don't believed on the 'get rich quick scheme', those who believed it in? - they usually go broke.

This is a great illustration of how important it is to see the bigger picture. If you buy Bitcoin and store safely in your wallet, you have done your job, you don't need to pay for maintenance or service charge, you don't need to do anything whatsoever yet your money keep gaining massively over the years and far more than what is obtainable in any business anywhere in the world. I don't know why it's difficult for some people to see that Bitcoin is a rare privilege and we are indeed lucky to see such an easy way of building wealth. I knew how my parents suffered to keep things running in the family, every penny they got as farmers was through sweat. If I see how privileged I am to know Bitcoin where I can save some part of my money and in the future I'm sure I don't have to work so hard to live comfortably, I'm always happy and thankful. This is why I don't joke with my Bitcoin business.

I would also say yes on this because human beings tend to be too focused on short-term gains and fail to see the true potential of the Bitcoin. The reality is, is that the greatest returns have always been received by the ones who stuck with it when everybody is screaming and going bananas and you don t want to quit. All such sales made at an early date are really regretted when the price continues to rise. By not viewing Bitcoin as a short term gamble, the investor presents the possibility of taking advantage of its entire potential growth. Patience and discipline have never disappointed as compared to frying fast profits.

[Nathrixxx]

No one can say exactly what the price of Bitcoin will be in the future, but based on past statistics and current demand, it can be assumed that it is possible to achieve success through long-term investing in Bitcoin. I have said from the assumption that investing in Bitcoin will bring success through long-term investing.

Quite impressive, we can be rest assured of the future in bitcoin because it has always been consistent right from day one, unlike some other currencies we got tangled with FOMO after investing, but in Bitcoin investment, we decide on what we want to happen base on how we are more convinced about it's performance, using the past, present and future analysis knowing for what to expect.

There are many very simple reasons behind this that everyone understands. For example, the demand of Bitcoin is increasing day by day, but supply is fixed , large institutions are holding a lot of Bitcoin for long-term investing.

Everything about bitcoin has always shows future prospective benefits, whereby remains the major conceptual fact everyone has been taking for bitcoin adoption as we continue to invest in it, because bitcoin is has a promising future for every users ones they go through the right path in it, it is also important that we know the aspect that best suit us, so that we may all fall on the profitable side for choosing bitcoin.