Topic: Buy, hold for a long time, bring financial prosperity. (Read 645 times)

Those are for newbies, those who think that this market is a get rich quick scheme. And probably it's because of social media as well, who portray Bitcoin or meme coins that will bring them instant profit.


Sooner or later though, those who learn their mistakes might stake with just buying at every dip and then accumulating as much as you can. There is no secret to getting rich, you still really need to work your ass off and be smarter in this market. And if you did, for sure in this bull run, and if you have accumulated enough, when we hit a new all time high in the last quarter of the year, you will be happy that you did DCA as its worth it seeing your wallet grow in this cycle. And after that, you can do it in the next cycle. There is no secret here how to make money, you just have to be patience and execute everything.

Everyone tries to save even a little for their future. They can keep their savings on a platform that will not be able to give any return even after a long time, but in the conventional financial system, there is a possibility of losing money due to inflation in the long term. But if someone can deposit that money only in Bitcoin, then he can give him several times more his investment in a short time. Moreover, if those who do not have enough money to invest can follow DCA and hold Bitcoin for the long term, they will definitely get the opportunity to build a large portfolio. If an investor can make Bitcoin a partner in his financial savings, then he can definitely get financial security in the future.

You already said the reason on why they avoid that and that is because it takes a long time. Those people simply lack of patience to hodl their coins. Well, that was their decision. That was their life, so I guess we can just let them do that. Maybe they will still change their approach once they realized that they don't get much benefit of doing it. Apart from patience, they also lack in knowledge for them to underestimate Bitcoin and just go with those low-quality cryptos. A decade or two is literally a long time but I think it won't take that long for us to get rich in Bitcoin, especially if we invest a lot and then we invest in a not-so-very-late time.

Wish more people did this, a lot of people want to get rich quick, so they move towards memecoins and other shitcoins, and they want to make quick trades. Most of them just go with futures as well, long it or short it, with high leverages, and hope that they can get rich.

In reality, if you could just buy, and keep accumulating, and hold, then you will get rich, just do that with bitcoin and you will be rich, but many people still avoid doing that for some reason, I have no idea why they are avoiding it. Sure this takes a long time, like maybe a decade or two, but that does bring in a good result, so if you have something that brings in result, why would you avoid that, makes no sense to me at all, totally unreasonable.

emergency fund ownership that is often overlooked by novice Bitcoin investors. so some beginners think that holding Bitcoin in the long term also means savings that they can use in an emergency.
however, long-term investment will require good planning. as well as good financial management. first, determine the needs and other funding requirements before you determine the amount to be allocated to invest in Bitcoin.

investors who are already experienced with Bitcoin understand very well how to make a profit. for those who are new to having their Bitcoin, of course, there is a lot to know so as not to get caught in a situation that is detrimental to their investment.

If you want to invest in Bitcoin, you must invest with a long-term plan. The success of investing in Bitcoin depends on your patience, the more patience you can hold, the more profit you can make. The success stories you will see, they held for the long term. Yes if you can hold your investment for a long time, then you can definitely make good profit. So you can't be disappointed by market ups and downs, trust and hold on Bitcoin. Yes it is true not only in this case of Bitcoin, we all should save emergency fund, because we may need emergency money. So if you have an emergency fund you can safely hold Bitcoins, you don't have to think about selling Bitcoins.

Bitcoin investment will indeed be very good for the long term. Although some of them are trying to get short-term profits, holding Bitcoin in the long term will certainly give better results.[/quote]Sure - but with good planning too. It seems to me that this is not as simple as it sounds - but every long-term holder needs to consider a few things so that they do not change their investment plans too quickly just because of financial pressure.

Holding bitcoin investment for a long-term is the investment that can give you a reasonable out- come perhaps given you over night fortunes.

Though it is somehow difficult in terms of long-term investments due to financial challenges and other issues that require money will comes but the ability to over come all these, define you a successful bitcoin investor.

Lastly, I will advise as many going into the long-term investments to consider having a back up (emergency) funds or and alternative source of income to avoid falling back to the investment when financial challenges will come. Thank you.

Well said, many who were into Bitcoin in the past didn't really understand the concept of Bitcoin, I bet they didn't picture a bright future with Bitcoin and rushed into selling at the wrong time, rushing to take profits after every little increase. I'm not trying to say that people shouldn't sell but knowing the right time to sell is very important, Bitcoin is now ranking high in the asset class, therefore it has become so valuable and needs to be held for a longer period ( a full circle) which is 4 years and more to make more profits. However someone that's held for that long is allowed to sell some portions of their Bitcoin and keep holding the remaining to keep profiting as Bitcoin grows further but those that's not held up to that point (the full circle) would be making a mistake of selling when it's not due. Anyways, with the help of the media and several good platforms like this forum, many people are gradually understanding the concepts of Bitcoin and how to go about it, including when and when not to sell.

I just commented on this in another thread, about the importance of holding for the long term. Many people in the past made the mistake of selling too much of what was coming and too soon. For example who bought a lot of bitcoins at $20 and sold them at $300. Imagine the difference in profitability if he had not sold, or at least not all of it, until $30K.

Although at the beginning it was more logical because bitcoin was something new that people were not sure if it was going to last. But today it is clear that it is here to stay, plus it will continue to be profitable, although less than in the first cycles, so the prospect of holding for a long time is more important than ever.

That is true, it will be the right choice for those who choose to invest their funds in Bitcoin, but they must also understand that to make a profit from it, it takes a long time, of course they must be able to maintain the assets they have in the long term and be patient in this case, of course, they must have a clear source of income so as not to sell it again because their daily needs have not been met properly.
Yes, those who collected last year have certainly made a profit from it and for those who have maintained their assets longer, of course they have made more profit than those who collected at the end of last year, so holding on in the long term is certainly very good if we can do it.

Bitcoin is a very good investment that I am personally proud of, but we should also be smart and apply wisdom in its investment. The Bitcoin at $500 is not the Bitcoin at above $100,000. At $100,000, Bitcoin needs another $100,000 before you can gain 2x of your money ($200,000). And at that level, it would require a huge market cap of about $4T, is that easy going forward?

So it is not about blind buying again, that time has passed, it is about buying at a better price. People should let it dip significantly before being aggressive about buying it again.

That's why it's always a good idea for someone to reserve funds to invest into bitcoin, because it will turn one life to better one day, imagine someone invest into bitcoin last year August when price is stil low, holding it till now when the price is above 100k, that person has made huge profits, that's one of big advantages to invest into bitcoin.

This is a goal that will make you believe even more that when you have started buying bitcoin at the cheapest price to date, then you will have a lot of advantages.

Continue to accumulate purchases using the DCA method, it will be very helpful.
But what needs to be paid attention to is where you will target to sell at a profit, because the goal of the investment is to get more profits.

The main goal of the sale really has to be the guideline that if it is achieved there will be a sale of 50% or even 80% of the asset you are holding, and then be able to buy again at the lowest price.

It's not easy indeed, and it's not that simple, Buy, hold, sell and profit,
But it's certainly very complex and also involves the psychology of trading and how management is done.

I do both trading and investment at the same time because of this. My goal is to always have more bitcoin by the end, so if I buy something, and then sell it and not have more bitcoin but have more dollars, that's still a bad investment for me.

This means, my long term is just holding there, and sometimes with a small portion of it, I buy something and sell it and try to get more bitcoin in return. Obviously this is a difficult task and not always works, but I do try to do better without a doubt, that's just something you need to keep improve on, and if you can improve on it then you are going to do a lot better without a doubt. This isn't that simple, it could take a while, and you may have to learn a lot of things, but it could still happen.

No matter the amount we hold, the percentage would stay the same.
Of course it's beneficial to get more, hodl more, and keep diamond hands while we are at it - but we still need to fix something out of our investment. Not everything, but a fraction of it.

What you said is not wrong because right now I also just saw that Bitcoin has been able to make a new ATH again today by breaking through the price of $109K which happened a few minutes ago. This is really a big win for those who still want to hold Bitcoin in large quantities after being able to buy it gradually in previous years because those who are able to buy and maintain their assets very well will always get results that are very commensurate with the amount of capital they have used in previous days.

If a person knows what's up on the market and what the current sentiment is - his hands will be golden.
And long-term hodling would bring many boons for that said person.
If done responsibly - everything will be great.

Its not necessary but rather its really that an optional thing for you whether you do hold or would be making out some short term approach towards Bitcoin investment. It will really be that up to you on how you will really be dealing up with your crypto investment on which not all people will really be that trying to deal up with Bitcoin but rather also with altcoins. It will really be just that depending on you on how you do set yourself when it comes into this approach but if you are an individual who doesnt really like to hold up their coins for long term ten it will really be just that depending on how you will be able to make out such adjustment. On the time that you do make out such choice then make it sure that it will really be that beneficial for you.

We do know that when it comes to holding then it might that sounds too simple but on the time or moment that you will be deciding to hold then there will be tons of situations on which will that give out that hindrance and you will definitely having that kind of hesitation in regarding on holding up your assets. This will be that situational because not all people will really be having that the same mentality because on the time or moment that you do deal up with crypto investment then tons of situations or conditions on which will be leading out into such possibility that decisions will be altered or would be changed out.

As we invest in bitcoin, we already agreed that holding is necessary. We might say that holding long could gain huge profits, but this is not the case in crypto because even short-term investors can earn huge if we have invested a lot. 

I say this because investing does not only matter on how long we've been holding but also matters the amount we hold. There is a huge difference if you are just holding 1 BTC compared to holding 2 BTC and both sell after 5 years. 

The obvious fact about funds is accurate, having the funds to keep an investment going smoothly including the plan sounds nice and profitable during the long run. Investment success depends on the plan an investor has not just the funds although the target set differs and it’s great if every investor can invest according to their size not minding the eager to make quick progress. No doubt progress is guarantee when dealing with a long term plan which involves budget and reserve funds commonly known as backup funds, no time is ever late to accumulate.