Topic: common sense is not so common (Read 105 times)

Oga I no go too blame you because you never too understand how the market they work Na why you dey talk like this. The fact say some person sell their coin to buy again no mean say dem no get sense or no dey use their head. Take for instance this halving, some investors go sell their Bitcoin when the price dey very high and as the price dey dip dey go, dem go come dey buy to accumulate more and when the e price of coin go back to the initial price wey dem been sell, u go see say their profit don increase. Though this strategy Na for those wey don Sabi how the market dey work, because if you go miscalculate you go run on loss.

My brother I no see your idea of common sense no common for this matter oo. If somebody na bitcoin trader then the person no go necessarily hodl btc for long because na short short turn over the person go dey look for not long term. Hodlers dey different from traders and na different ways dem dey operate. So except you know of someone wey dey just sell and rebuy because of fear or fud then you fit clear the matter but say person dey trade btc, dey person go dey sell and buy, na the game be that.

E dey good to buy and hodl Bitcoin but the truth of the matter be say no be everybody go be long term holder. Short term holders like daily traders, their own na to follow the price movement, buy and sell to take their own profit. E get some good short term holders wey don turn over their bag of Bitcoin within a very short time to an amount you no go fit imagine. The importance of being a long term holder be say di risk dey very minimal but no be bad thing to follow a particular method wey go favour you.

If common sense is common then everyone would or should have it... And that's why a team of like minds helps alot, so that when you are lacking, they helps...
Patience they say is a virtue,,, just like alarm, holding BTC a global trend can do wonders(good) mostly with the probable 1 BTC =100k$ tendency....

You are absolutely right sometimes the things we see common can take a while for us to understand very well,  some people only participate for fun no common sense, instead they only do it to feel among, that is why some people lavish what they have without checking there barground simple.

If this continue repeating itself where investors would always say that we should keep holding our bitcoin assets nomatter what profits we've made, then I'll be upright to say that's is misleading orientation.
Money in the first place is an exchange materia which is used to purchase humans needs and commodities. So let's understand we're Into this bitcoin industry for investment in other to make money in profit counts so that we can move on and solve our financial needs. This is basically why we adopted investing in bitcoin and not just to be posed with our holdings like it's just a fiction that can't be utilized for solution confinements.

It's better of we separate the short term and the long term Investors with their various perspectives about projecting their holdings within a certain period of time before they can sell off.
Okay like I'll always ask, WHEN DO WE'VE TO SELL? HOW LONG DO WE'VE TO KEPE HOLDING?
The least advisable to this is that Short term investors who're eager to sell too soon should understand the market potentials of possible increase to their holdings so that they don't sell out of panic and fear that their holding Maybe depreciated to lost counts.
This is bitcoin and I can tell it that the best motion of investors to make it rightly with joy is when they hold for a longer time but that doesn't discriminate those who wills to sell in a short term are on the wrong side. We all don't know our financial situations and bitcoin can't be that useless to stock us with access denial from selling what we've there and help ourselves out form our needed.

Talking about how we don't need to look at the market during when buying to accumulate more with the DCA, I think it's even better if we have our attentions on the market prices and try some technical analysis which could determine the schedules of buying in the DCA because they market moves on fluctuations which investors are likely to invest more during when the market price is low.
So if you don't look at the market price for speculations, you'd not know when this Price has actually been more of opportuned for you to buy more based on your analogies.
I also agree with you that buying and accumulating more bitcoin is not specified on a particular e.

Any person who can easily buy BTC even for the shortest period of time on a regular basis, has a good source of income and is probably exploring the Blockchain network to see if maybe a substantial amount of investment in it according to whatever strategy, is a good venture.

Perhaps they intend to see if trading would be a playable path rather than to HODL and maybe they also want to see how the profit margin is for sales of their BTC once the price tends to increase.

The grey news is that, a BTC investment profit margin isn't always as high as other shitcoins or altcoins would guarantee when the price rises during exchange trading.
 BTC in a wallet has an assured good store of value because despite the dip or pump, an investor is sure to have a secured capital that would amount to much over a duration of compounding or accumulating Bitcoin.

Decision has vital role in our investment as human and another thing is the level of information or knowledge one is operating on, because this is the key that can guide and stop some errors many make on their investment, it's very unwise to invest on BTC and Rush to withdraw when the profit is not even tangible instead of holding for greater benefits.

One of the major problem about most people who are quick to withdraw their investment on btc is lack of planning as many put all there income into the investment by over investing which leads to withdrawal most and it's improper not to set outside, fund like emergency fund to Carter daily responsibilities rather than your investment on btc because anything that make such investor not keep such out side will not permit Long time holding because the investor will always see the investment as the only source of income.

My brother e no dey easy to hold oh, to hold requires discipline and patient, which me and you know say no be everything body get am. People get many reasons why them dem sell their coins, it could be financial constrain, it could be health reasons and it could be for any other thing. make you no also forget say na person way don chop belle full fit hold for long time, or person way get many sources of income way dey help am. To accumulate na one thing, to hold watin you don accumulate na another thing.

Some people no go fit just dey see their money dey depreciate because most of them nah newbies for the crypto space. If person won hold for long term em go also get patient because person no go fit start crypto investment den no get the mind to hold. Holding nah watin we take dey know those wey really get patient for investment. No be everybody gets the kind of knowledge wey you get so, just like the way other people them dey do forex trade and them no dey do bitcoin investment nah so many dey into short term investment pass long term investment because them no fit dey patient to achieve big.

Bitcoin holders should maintain or exercise patience because it's not some random altcoin that makes huge pumps in hours or days, bitcoin takes almost a week or months to make moves. We're here to grab significant profits from the market, that means we should make ourselves available and not jeopardize our chances of earnings. Don't forget to always follow up the leading path which will pave way to the real scene of the market. Those category of investors that are desperate to see profits from a solid project like Bitcoin, they don't always end up reaping huge profits from the market, always hooping from one project to another.

I think the first question one should ask him self before investing in Bitcoin, is I'm I a long term holder or a short term holder? This question ok it's own will guide you to know what path you will take through out your Bitcoin journey. Some investors starts first as a long term holder of Bitcoin but due to some personal reasons where they have to take care of their problems with money, they are forced to sell off their holdings. This is another major reason why it's advice to have a good source of income before investing in Bitcoin.

A good source of income will help your make long term plans on your DCA accumulation strategy. That's because you cannot use the DCA when you have no source of income to continuously buy Bitcoin. Also a good source of income will help your take care of other problems at home by dividing your total income into bits. An investor with long term goals should be able to make good strategy plans, that is what we call common sense. Don't force yourself to become an investor when you cannot provide other basic need for you and your family.

There are things we think that it is so easy to be understand by people which is not.I don't see the reason why most people will buy a coin like bitcoin without holding it for a longer time and decide to sell and then buy again. We should be more concerned on how to be able to accumulate a large amount of bitcoin in our portfolio than selling it when we just have an infinitesimal of it in our holding. majority of people has been asking if it is favourable to buy bitcoin now .my advise has been when buying bitcoin you should not be looking at the price rather your target should be to have a greater amount of it in your holding. Also the DCA method has been suggested as one of the best method of accumulating bitcoin gradually until u have a massive amount of it in ur portfolio. Accumulate as much as u can and hold, don't forget common sense is not so common.