Firstly anybody that's thinking of buying BTC should be determine of holding it for a longer period of time,Bitcoin entry might high or low at any point so its worth knowing that market might not favour individuals instantly on investment... for example the current market will definitely not favour those that entered at 65k$+.
However, Bitcoin itself is volatile so DCA method of buying should be emulated by holders to maximise profit through different entry especially when the market is in Dip like now (buying the dip can also be done along),at the end emergency fund should be built alongside the portfolio to help withstand pressure that may arise to selling part of holdings
Topic: Build, Before Selling Bitcoin! - page 3. (Read 527 times)
You've made a good point but I just want to add that building a good portfolio doesn't only mean that you should only invest with the DCA method and do it for the long term of 5 to 10 years, It also includes other considerations like;
1. Ensuring that you have a secure and safe portfolio
2. Managing the risk associated with Bitcoin investments
3. Reviewing and adjusting your portfolio such that it aligns with your investment goals.
4. And never being pressured to sell both when you're in a slight profit and when the market is experiencing some downtime.
Bitcoin investment would work best when you're strict with following up all the basics involved in investing in Bitcoin to the latter. Any slight carelessness due to not taking your security seriously or trying to over-diversify into different assets and cryptos would mar your investment journey. As you've said, Bitcoin investments are dependent on time and numbers. Investing for the long term and investing a good amount while keeping and following all security measures is the only way to be successful at your investment.
1. Ensuring that you have a secure and safe portfolio
2. Managing the risk associated with Bitcoin investments
3. Reviewing and adjusting your portfolio such that it aligns with your investment goals.
4. And never being pressured to sell both when you're in a slight profit and when the market is experiencing some downtime.
Bitcoin investment would work best when you're strict with following up all the basics involved in investing in Bitcoin to the latter. Any slight carelessness due to not taking your security seriously or trying to over-diversify into different assets and cryptos would mar your investment journey. As you've said, Bitcoin investments are dependent on time and numbers. Investing for the long term and investing a good amount while keeping and following all security measures is the only way to be successful at your investment.
Bitcoin investment na long time process, wey require to take gradual steps to build a good portfolio. Selling our bitcoin na de last thing after we don dey satisfy with our bitcoin portfolio. Them no dey rush do am or get quick profit mindset, according to oyibo " Rome was not built in a day" meaning take time do things something well.
Bitcoin investment, take long time before ee dey ripe well. People wey begin this bitcoin investment journey from beginning, na so them do am by building their bitcoin portfolio for long time and the them benefit like that. So we need to learn from dem build our own too for that kind period to profit also.
Ee get people wey dey invest for Bitcoin because of the sweet story of bitcoin but dem no wan follow de process by building a portfolio first before dem think of selling. As bitcoin price fall down dem don fear wan sell their bitcoin holding, but no be so, u need to build good portfolio small small with dollar cost Averaging (DCA) to gather bitcoin weekly or monthly for like 5 to 10 years ....... even more but depending on ur target before thinking of selling.
If u get anything to add, on how to build good bitcoin portfolio before selling talk am make people learn.
Bitcoin investment, take long time before ee dey ripe well. People wey begin this bitcoin investment journey from beginning, na so them do am by building their bitcoin portfolio for long time and the them benefit like that. So we need to learn from dem build our own too for that kind period to profit also.
Ee get people wey dey invest for Bitcoin because of the sweet story of bitcoin but dem no wan follow de process by building a portfolio first before dem think of selling. As bitcoin price fall down dem don fear wan sell their bitcoin holding, but no be so, u need to build good portfolio small small with dollar cost Averaging (DCA) to gather bitcoin weekly or monthly for like 5 to 10 years ....... even more but depending on ur target before thinking of selling.
If u get anything to add, on how to build good bitcoin portfolio before selling talk am make people learn.
Jump to: