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Topic: Buy the DIP, and HODL! - page 11. (Read 121553 times)

hero member
Activity: 1428
Merit: 538
November 06, 2024, 05:36:03 PM



Ser, read the post again, and please get the actual context. What I said was, from the viewpoint of a normie and/or a person from the traditional banking system, Bitcoin might be considered a "Ponzi" by those people like how we Bitcoin HODLers consider shitcoins.

Plus from a another, more controversial viewpoint, Bitcoin is ACTUALLY a "Ponzi", but a sort of naturally-occurring "Ponzi" LIKE GOLD.

This could end up in a massive philosophical discussion... Cheesy I understand what you are saying, yet I wouldn't go that far and give them the point to call Bitcoin a "Ponzi". It would totally abandon the concept of tangible and intangible value. You could call real estate a Ponzi, you could literally call anything in a Ponzi. Some treat it as a Ponzi indeed, but they benefit from the fact that the majority does not consider Bitcoin a Ponzi. Bitcoin does produce value as much as options produce value. The fact alone that Bitcoin is an option on my things gives it value without actually instantly putting cash into our pockets. It puts pressure on payment service providers, it allows people to transfer value from legacy systems into a decentralized network that allows them to take full self-custody, it allows them to transfer value across boarders which otherwise may not have been authorized by authorities or banks, many other features that translate into value. A Ponzi scheme is not about creating new value, it is about juggling around the same value such that people get the impression there is more value created. That's why I am not quite on the same page with you because why would I accept a definition proclaimed by someone who has no idea about the matter?

"a form of fraud in which belief in the success of a non-existent enterprise is fostered by the payment of quick returns to the first investors from money invested by later investors."

This, to 0%, applies to Bitcoin. 0%. In contrast, it does very well apply to many of the shitcoins because in fact many of the shitcoins from 2015,2016,2017, 2018 gathered tens of millions, but there has never been a real enterprise as was promised. That's much closer to a Ponzi.

Bitcoin is a real thing and there is a reason why there are wallets that go untouched for over a decade. If it was a Ponzi, then it would be a pretty good Ponzi given its lifetime and constant expansion and the fact that no authority in the world was able to stop it. Tell me what Ponzi could not be stopped by authorities. 
hero member
Activity: 1358
Merit: 627
November 06, 2024, 04:11:16 PM
Rushing or not rushing to invest in bitcoin is just based on the financial capacity of the investor, if they have discretionary amount to invest with then why not rush and start. Bitcoin is the talk of the world currently so it will really be cowardice for people not to make haste and invest so far as it won't affect their basic obligations of life. Someone who is still struggling to meet up daily needs should rather get a job before starting to invest in bitcoin because someone with no job and chooses to invest may end up selling so soon since they don't have other means that provides income for them. Bitcoin is a high valued asset so it wouldn't be bad if people rush to own investments in it, but the most important thing is that anyone who wants to invest should be able to have a reliable source of income that they can use to DCA till they have grown a huge investment in bitcoin.
Investing is very easy.
Investors only need to buy and hold.
We cannot measure an investor's finances but we can measure how confident he is in investing in Bitcoin.
If he is confident he will not delay the investment he makes. For that, every investor only needs to believe in himself that he has decided to invest in bitcoin.

If you say bitcoin is a hot topic, of course as far as I know every day bitcoin is a hot topic. We continue to talk about bitcoin, and find ways for our investments to run smoothly with various strategies.

Investing is the same as saving, investors need to save expenses in order to be able to follow up on investments either by DCA or with a more aggressive strategy.

I think currently investors tend to invest with all the money they have. my observation that they are long-term holders and do not care whether they buy at a cheap or expensive price but they will make btc for long-term investment..

Meanwhile, bitcoin is the best investment right now, I also regret not investing properly since 2017 but yes that is an experience and I will focus on holding it even though bitcoin reaches its highest price.
full member
Activity: 266
Merit: 120
November 06, 2024, 03:38:52 PM
I know so many people are eager to start their bitcoin investment, but don't get me wrong, bitcoin investment is not something someone should rush into or make sacrifices to start because the person might fail with his bitcoin investment. If you are struggling to sort out your daily expenses, you are not ready to start a bitcoin investment, and don't try to make sacrifices by depriving yourself of some basic needs in your life just to invest in bitcoin.

Rushing or not rushing to invest in bitcoin is just based on the financial capacity of the investor, if they have discretionary amount to invest with then why not rush and start. Bitcoin is the talk of the world currently so it will really be cowardice for people not to make haste and invest so far as it won't affect their basic obligations of life. Someone who is still struggling to meet up daily needs should rather get a job before starting to invest in bitcoin because someone with no job and chooses to invest may end up selling so soon since they don't have other means that provides income for them. Bitcoin is a high valued asset so it wouldn't be bad if people rush to own investments in it, but the most important thing is that anyone who wants to invest should be able to have a reliable source of income that they can use to DCA till they have grown a huge investment in bitcoin.
hero member
Activity: 2268
Merit: 507
Catalog Websites
November 06, 2024, 03:30:11 PM
Those who have literally did the title, you we're all legends.  Cool
And, that was epic.  Wink
Cold to see how far we've gone, moving close to what we all hoped for with Bitcoin reaching a new ATH of $75k. Those who were anxious to know if Trump emerging as the winner of the just done election will have an impact, i think now we have a more accurate answer to that, i might not be all about the whole election banter but even with the result i still don't expect the price to keep on going onwards from here, i see some piece of break to happen before we can head further to some newer ATH before the year runs out.
Some corrections are expected with this speed of moving up.
But even with that, let's just appreciate that the conclusion of election did really helped a lot to make it this far. Now, BTC is back on its own.
sr. member
Activity: 728
Merit: 421
November 06, 2024, 12:53:14 PM

Bitcoin has created yet a new ATH today from the previous price of $73k to current price of $75,358.70, this is a good sign to encourage investors to buy more and HODl and never to procrastinate. Never forget to buy now, since it's an opportunity that many never come again in the nearest future.

Don't forget to buy bitcoin with the following strategy

#Buy bitcoin through lump sum strategy
#Buy bitcoin through the dip strategy
#Buy bitcoin through DCA strategy

All works best for for a good accumulation process.


Yes this is a new all time high records for bitcoin history and all these happened just within few hours. This goes a long way to show that anything can happen at anytime. I believe investors who bought yesterday just as you have talked about the buy strategy would be on profit by now irrespective of how much they have bought or invested in bitcoin. No time is too late for investing in bitcoin because bitcoin has a bright future for the world and I believe with time the world would realize this and begin to act accordingly to see the benefits that comes with bitcoin adoption. 

Never delay or procrastinate your investment in bitcoin for reasons of price difference or time. You can start with the least accumulation you can and gradually you could arrive or achieve your bitcoin holding target.
hero member
Activity: 546
Merit: 516
November 06, 2024, 12:28:24 PM
I believe we all have been expecting this part of the market, hitting a new ATH isn't a surprise only for the way it happened following Trump's victory. Our expectations for our ATH of this year isn't limited by the current, we expect something beyond the $70k mark, Bitcoin above $80k looks achievable, so as we also should have in mind to keep our investment running, our utmost ATH is still expected.
The impact of the US presidential election is clearly visible in the Bitcoin market. Donald Trump's victory has had a positive impact on the Bitcoin market. As a result of Trump's victory we are seeing the Bitcoin market bullish and it has crossed the previous ATH and made a new ATH. But we Bitcoiners expect more than $75k. Bitcoin's current ATH is over $75k. But our expectations are much higher, we expect more than $80k from Bitcoin this year. Bitcoin's future may not depend on one person, but Trump's positive ad about Bitcoin could see Bitcoin price slightly bullish.
I did not set too high an expectations for now because the market does not always go as predicted. Instead, I focus my energy more on building my portfolio and preparing for all possible scenarios. First is a case where the market drop sharply after the elections, in this case I buy more at discounted prices and hold for several years and still continue to perform my regular DCA. The other case being when the market surges like it did, then I continue my DCA without much of a lump sum buy as that will happen when there is correction in the market. I have always proposed keeping an open mind because Bitcoin ought to give peace of mind and not stress and surprises.

Now that the elections are over, those who kept the faith is Bitcoin will likely be rewarded while those who were sceptical will be struggling to jump in now. Whichever case, all are welcome to join the latest big thing in the financial world.
full member
Activity: 224
Merit: 128
Patience and hard work are the keys to success.
November 06, 2024, 11:43:01 AM
I believe we all have been expecting this part of the market, hitting a new ATH isn't a surprise only for the way it happened following Trump's victory. Our expectations for our ATH of this year isn't limited by the current, we expect something beyond the $70k mark, Bitcoin above $80k looks achievable, so as we also should have in mind to keep our investment running, our utmost ATH is still expected.
The impact of the US presidential election is clearly visible in the Bitcoin market. Donald Trump's victory has had a positive impact on the Bitcoin market. As a result of Trump's victory we are seeing the Bitcoin market bullish and it has crossed the previous ATH and made a new ATH. But we Bitcoiners expect more than $75k. Bitcoin's current ATH is over $75k. But our expectations are much higher, we expect more than $80k from Bitcoin this year. Bitcoin's future may not depend on one person, but Trump's positive ad about Bitcoin could see Bitcoin price slightly bullish.
sr. member
Activity: 378
Merit: 285
November 06, 2024, 11:35:04 AM
We can't judge investment on the basis of profit and loss. Investment for me is like a savings, from which there is a possibility of profit or loss as I invest and finally you are able to save huge amount of bitcoins.

What would you use to rate your business annual success? Is it not the profit you have made?, so why say that investment will not be judged by profit, so actually in our Bitcoin investment profit is what explains our investment success but however the success we are talking about is not the one of short term but on the contrary I'm referring to the future profit. yes I also treat my investment as a kind of savings were I need to be investing money on my chosen time but still profit is what I will use to measure my success in the future because profit and loss are the only two elements that can interpret the ending results.
Well i want you to understand the fact that all investment in bitcoin is not targeted towards making profit, we can invest in bitcoin to hold value for a long duration of time, bitcoin can also act as a hedge against inflation, devaluation of currency and economy challenges.so profit is not the only thing that determines whether our bitcoin investment is successful or not it depends on the investor goals.

Of course there are some investors in bitcoin whose primary purpose is not the profit. Rather for prestige and influence. There are people who derives joy in owning some of the limited stuffs that are found in this world. Like the Mona Lisa painting. Someone invested in it and bought it with big amount of money. Not for profit making but just for prestige. Likewise it is with bitcoin, there are investors who are in bitcoin not primarily because of the profit, but for them to be counted among the holders or top holders of bitcoin in the world. There are also people who are holding bitcoin, because they don't want to miss out on the innovation. They want to follow the trend and be part of the process that's revolutionising the financial industry. People like that profitability is not their primary concern.
sr. member
Activity: 224
Merit: 195
November 06, 2024, 11:03:56 AM
Those who have literally did the title, you we're all legends.  Cool
And, that was epic.  Wink
Cold to see how far we've gone, moving close to what we all hoped for with Bitcoin reaching a new ATH of $75k. Those who were anxious to know if Trump emerging as the winner of the just done election will have an impact, i think now we have a more accurate answer to that, i might not be all about the whole election banter but even with the result i still don't expect the price to keep on going onwards from here, i see some piece of break to happen before we can head further to some newer ATH before the year runs out.


Bitcoin has created yet a new ATH today from the previous price of $73k to current price of $75,358.70, this is a good sign to encourage investors to buy more and HODl and never to procrastinate. Never forget to buy now, since it's an opportunity that many never come again in the nearest future.

Don't forget to buy bitcoin with the following strategy

#Buy bitcoin through lump sum strategy
#Buy bitcoin through the dip strategy
#Buy bitcoin through DCA strategy

All works best for for a good accumulation process.

I believe we all have been expecting this part of the market, hitting a new ATH isn't a surprise only for the way it happened following Trump's victory. Our expectations for our ATH of this year isn't limited by the current, we expect something beyond the $70k mark, Bitcoin above $80k looks achievable, so as we also should have in mind to keep our investment running, our utmost ATH is still expected.
sr. member
Activity: 462
Merit: 355
The great city of God 🔥
November 06, 2024, 10:35:39 AM

Bitcoin has created yet a new ATH today from the previous price of $73k to current price of $75,358.70, this is a good sign to encourage investors to buy more and HODl and never to procrastinate. Never forget to buy now, since it's an opportunity that many never come again in the nearest future.

Don't forget to buy bitcoin with the following strategy

#Buy bitcoin through lump sum strategy
#Buy bitcoin through the dip strategy
#Buy bitcoin through DCA strategy

All works best for for a good accumulation process.
hero member
Activity: 560
Merit: 511
November 06, 2024, 10:03:48 AM
It is clear that after making a long-term investment, if an investor monitors the market regularly and due to small changes in the market, that investor himself is affected and sells his investment, then this investment strategy is not called a long-term investment. If an investor sells his investment at some profit after purchase then we will consider it as early trading. Investing is not as easy as it sounds. In long term investment planning an investor needs to be patient enough and have the mindset to sacrifice a lot. After investing it is normal to make profit or loss due to market volatility, if you cannot hold enough capital during this temporary profit or loss then the investment is worthless.

Some investors believe that if they invest and see a small change in the market, it is appropriate to sell and take the profit, and it's wrong. As we often repeat, an investor who is willing to invest in bitcoin for a long time is anticipated to sell his investment after three or four years because, historically, the market always reaches an all-time high after that time.

However, many investors fail to comprehend when they should expect to make a significant return from their investment; it is best if they continue to invest throughout this period and wait at least four years before extracting profits.
If investors are affected by some general changes in the market, they will not be able to hold their investments for long. Holding investment is not easy at all, maybe when a new investor is involved in investing they think that investment is very easy and they can definitely hold their investment for a long time. But the problem here is that after investing, that investor may face many financial problems or may need a lot of money, but investors may think that since they have invested some amount of money, they should sell that amount of investment to meet their needs. Even from such an idea, many people cannot maintain the continuity of their investment for a long time. But if an investor makes a proper plan before investing and is able to do everything according to plan then it is possible for him to hold his investment for a long time.
Investing and at some point selling your bitcoin investment due to some financial challenges is lack of having several back up funds like an emergency funds of 3-6 months of your monthly income and a reserve funds to backup your emergency funds. All these funds are very important to have as an investor because you don't know the unforeseen challenges that will arise during your investment journey. Back up funds is a necessity for any investor to have in order for him to be able to be successful in his bitcoin investment, otherwise, you will be gambling rather than investing. This is the reason you should use only your discretionary income to invest in bitcoin and build your back up funds for the rainy days.

Low salary earners still accumulate Bitcoin but there's a way they plan towards holding they never get affected during the long run.
Anyone can invest in bitcoin as long as he has a discretionary income and he is using part of his discretionary income to invest that he will not be needing for a long time, be it low salary earner or not. If a low salary earner does not have a discretionary income, there is no way that he will survive in his bitcoin investment because he must sell it when he needs funds for his needs.
sr. member
Activity: 182
Merit: 120
November 06, 2024, 08:42:14 AM
[Edited out]
I know so many people are eager to start their bitcoin investment, but don't get me wrong, bitcoin investment is not something someone should rush into or make sacrifices to start because the person might fail with his bitcoin investment. If you are struggling to sort out your daily expenses, you are not ready to start a bitcoin investment, and don't try to make sacrifices by depriving yourself of some basic needs in your life just to invest in bitcoin.

I want you to understand that everything is possible, you must have belief in yourself and begin somewhere. Many successful Bitcoin investors began somewhere, not everyone begins their investment path with a steady life. Even people who are having trouble managing what they spend every day can still invest, but they should remember that the money they are investing is for the future and that they may lose it if they decide to sell it.
I want you to know that bitcoin investment is not the same thing as selling commodities. If people who are having trouble managing what they spend every day invest in bitcoin, they will all fail in their bitcoin investment because they don't have discretionary funds, which will allow them to freely invest in bitcoin and hold it for a long time. Bitcoin investment is not a quick-to-get-rich scheme, and you need to use the money that you will not need for 4-10 years or more to invest in bitcoin so that you will not sell off your bitcoin to survive if you see little profit from it. If you want to invest in bitcoin, you should do it in a way that you will not find it difficult to sort out your daily expenses or deprive yourself of some basic needs to invest in bitcoin, which might get you off the game, partially or permanently. I am surprised someone of your rank is saying this about bitcoin investment. Please don't repeat this anywhere again before you deceive newbies into believing that they can start up a bitcoin investment even when they are struggling to sort out their daily expenses.
Anyone is such situation don't have a source of income and funny enough I will advice anyone without a source of income never to invest but whereby the person receives monthly or weekly salary it's allowed reasons being known the person can always backup their investment in any situation. Low salary earners still accumulate Bitcoin but there's a way they plan towards holding they never get affected during the long run. I think learning about management is more important whereby the salary can be divided for needs and other plan also after all the left over  can be use to accumulate. Accumulating with little amount always is not even the problem probably afterwards the person can look for a suitable job, there's no perfect time meant for an investor  so long as they're doing well.
sr. member
Activity: 476
Merit: 316
Get $2100 deposit bonuses & 60 FS
November 06, 2024, 08:25:01 AM
[Edited out]
I know so many people are eager to start their bitcoin investment, but don't get me wrong, bitcoin investment is not something someone should rush into or make sacrifices to start because the person might fail with his bitcoin investment. If you are struggling to sort out your daily expenses, you are not ready to start a bitcoin investment, and don't try to make sacrifices by depriving yourself of some basic needs in your life just to invest in bitcoin.

I want you to understand that everything is possible, you must have belief in yourself and begin somewhere. Many successful Bitcoin investors began somewhere, not everyone begins their investment path with a steady life. Even people who are having trouble managing what they spend every day can still invest, but they should remember that the money they are investing is for the future and that they may lose it if they decide to sell it.
I want you to know that bitcoin investment is not the same thing as selling commodities. If people who are having trouble managing what they spend every day invest in bitcoin, they will all fail in their bitcoin investment because they don't have discretionary funds, which will allow them to freely invest in bitcoin and hold it for a long time. Bitcoin investment is not a quick-to-get-rich scheme, and you need to use the money that you will not need for 4-10 years or more to invest in bitcoin so that you will not sell off your bitcoin to survive if you see little profit from it. If you want to invest in bitcoin, you should do it in a way that you will not find it difficult to sort out your daily expenses or deprive yourself of some basic needs to invest in bitcoin, which might get you off the game, partially or permanently. I am surprised someone of your rank is saying this about bitcoin investment. Please don't repeat this anywhere again before you deceive newbies into believing that they can start up a bitcoin investment even when they are struggling to sort out their daily expenses.
hero member
Activity: 2268
Merit: 507
Catalog Websites
November 06, 2024, 07:47:21 AM
Those who have literally did the title, you we're all legends.  Cool
And, that was epic.  Wink
hero member
Activity: 553
Merit: 509
November 06, 2024, 07:02:56 AM
If you are still young, it is good that you extend your bitcoin investment timeline to 10 years and above because that is what really seems to be a long-term duration. You should know that the more you are increasing and hodli your bitcoin investment for a longer time, the more you have a bigger chance of increasing your bitcoin investment and enjoy the compounding effect of your portfolio over time. You will easily get to your bitcoin target and have a good size of bitcoin in future.
if you can make the investment at this young age by making sacrifices and prolonging it then you can expect something good in return later or something good is expected of you.
I know so many people are eager to start their bitcoin investment, but don't get me wrong, bitcoin investment is not something someone should rush into or make sacrifices to start because the person might fail with his bitcoin investment. If you are struggling to sort out your daily expenses, you are not ready to start a bitcoin investment, and don't try to make sacrifices by depriving yourself of some basic needs in your life just to invest in bitcoin. Bitcoin is a long-term investment, and if you want to succeed in bitcoin investment, you need to use the money that you will not need for 4-10 years or more, which will allow you not to temper your bitcoin investment because you used the money that is not allocated to solve any needs in your life for 4-10 years or more to invest in bitcoin, and you will be in a better position to hold your bitcoin for a long time.

That is why I like to advise investing even very small amounts, but nevertheless, so that the fact of investment exists. This allows such an investor to feel involved in the process of improving his situation. It also disciplines him. And this is important, because then he always thinks about it and in his life he begins to think a little differently.
And I am sure that each such investor will eventually find money, and at that moment he will be ready to be a truly serious investor in Bitcoin.
sr. member
Activity: 1316
Merit: 379
Fully Regulated Crypto Casino
November 06, 2024, 05:36:48 AM
I'm sorry if you didn't get the context. I'm NOT calling Bitcoin a "Ponzi Scheme" because it's NOT that. Bitcoin is a Naturally-Occurring Ponzi. It's "Ponzi-Like", like Gold, it's NOT a Ponzi Scheme like those scams you read about in the news.

If you actually study and understand the market dynamics of Bitcoin and Gold, it does have a resemblance to a naturally-occurring Ponzi-Like process. - That creates a feedback loop from investors and speculators' positive projections/expectations which causes price surges WITHOUT a nefarious entity and WITHOUT fraudulent behavior.

I'm NOT saying that the market is a scam, ser. If you don't understand or didn't get the context, then I'm sorry.
What good does your apology mean when you still repeat the same statement that prompted the controversy in the first place? seems you are very much incorrigible, and hell-bent on associating bitcoin to Ponzi. No matter the image you are trying to project here, you have declared your intention as null and void with those connecting words and surely no bitcoin lover would even want to reason with you.

You are bringing in logics to clarify the propagation of bitcoin and you are employing a rather contradicting logic and terms to support your point, I wonder if you are so narrow minded that you don't tend to ever see things from others point of view and one thing you should know on a personal note is that when you are saying something and everybody is against you without even a supporter, then you are possibly wrong and should review your comments with optimism, because everybody cannot be wrong and only you is right.

for some personal idiosyncrasies, you are stubborn and raising a negative energy against the topic you created yourself and I am beginning to believe Samlucky O that you are an unserious person and unsteady with your stand on things. Well for your integrity sake and for the sake of misguiding newer people in the forum and this thread, keep your Ponzi mindset to yourself, understand it alone and quit repeating that bolded text anywhere in the thread.

When someone fails to learn from their errors and take corrections, they'll keep repeating the same errors over and over again and that's why he keeps relating Bitcoin to ponzi, there's no way he can try to sugar coat his words to favour him cause relating Bitcoin to ponzi alone is a very big error and shows that he's not willing to learn from something he's been corrected severally on. In this space, learning is a constant process it doesn't matter the rank of someone and when you're wrong, you're wrong. However, the best thing to do is admit you're wrong and take the necessary corrections instead of trying to prove a point that's unnecessary, it's as simple as that cause there's nothing he'll say to would justify his words that Bitcoin has a ponzi like criteria or process. The word ponzi alone is related with scam activities that blindfolds victims from seeing the possible scam in future whereas Bitcoin investment has nothing relating with scam, so far investors follow the due process their expectations would definitely be met, which is profits in future. The only way people get scammed through Bitcoin is when they fail to secure their portfolio or indulge in scam investments out of ignorance or greed.
sr. member
Activity: 406
Merit: 282
Let love lead
November 06, 2024, 05:04:13 AM
I'm sorry if you didn't get the context. I'm NOT calling Bitcoin a "Ponzi Scheme" because it's NOT that. Bitcoin is a Naturally-Occurring Ponzi. It's "Ponzi-Like", like Gold, it's NOT a Ponzi Scheme like those scams you read about in the news.

If you actually study and understand the market dynamics of Bitcoin and Gold, it does have a resemblance to a naturally-occurring Ponzi-Like process. - That creates a feedback loop from investors and speculators' positive projections/expectations which causes price surges WITHOUT a nefarious entity and WITHOUT fraudulent behavior.

I'm NOT saying that the market is a scam, ser. If you don't understand or didn't get the context, then I'm sorry.
What good does your apology mean when you still repeat the same statement that prompted the controversy in the first place? seems you are very much incorrigible, and hell-bent on associating bitcoin to Ponzi. No matter the image you are trying to project here, you have declared your intention as null and void with those connecting words and surely no bitcoin lover would even want to reason with you.

You are bringing in logics to clarify the propagation of bitcoin and you are employing a rather contradicting logic and terms to support your point, I wonder if you are so narrow minded that you don't tend to ever see things from others point of view and one thing you should know on a personal note is that when you are saying something and everybody is against you without even a supporter, then you are possibly wrong and should review your comments with optimism, because everybody cannot be wrong and only you is right.

for some personal idiosyncrasies, you are stubborn and raising a negative energy against the topic you created yourself and I am beginning to believe Samlucky O that you are an unserious person and unsteady with your stand on things. Well for your integrity sake and for the sake of misguiding newer people in the forum and this thread, keep your Ponzi mindset to yourself, understand it alone and quit repeating that bolded text anywhere in the thread.

 
I do not think that holding bitcoin have anything to do with age but a personal choice and conviction.
Yes, but the length of time you wish to hold it can be affected by your age. When you are young and have enough time to explore and take risks, you can keep investing and holding bitcoin for a relatively longer period of time(10-20 years or even more) because you are more open to risk taking and believe in the potential of bitcoin to secure your near future and might not be needing money for very serious needs anytime soon, but this might not be the same view with older people as most of them invest in bitcoin for retirement purposes and at retirement, they tend to pursue stability of their income rather than the volatility that bitcoin presents.

Another thing is that most older folks prefers investing their funds into an income generating scheme and bitcoin does not offer periodic or constant dividends like stocks, bonds, agriculture e.t.c that gives them regular funds to maintain their lifestyle since they are weaker to keep hustling very hard to fend for themselves and keep their accumulation process going, build their emergency funds and make available more money for handling their needs, so they rely on their savings for their upkeep and they might need to sell their holdings sooner to continue taking care of themselves at the long run.

People who get into bitcoin at a younger age has relatively more ability to go for a relatively longer term than those who got into it an old age, you age can influence your choice and convictions. There are many concerns that comes with old age like health concerns, upkeep concerns, and other concerns and not having a regular source of income like the active days can force the older investor to sell his holdings and convert it into his savings to maintain his lifestyle.

It is clear that after making a long-term investment, if an investor monitors the market regularly and due to small changes in the market, that investor himself is affected and sells his investment, then this investment strategy is not called a long-term investment. If an investor sells his investment at some profit after purchase then we will consider it as early trading. Investing is not as easy as it sounds. In long term investment planning an investor needs to be patient enough and have the mindset to sacrifice a lot. After investing it is normal to make profit or loss due to market volatility, if you cannot hold enough capital during this temporary profit or loss then the investment is worthless.

Some investors believe that if they invest and see a small change in the market, it is appropriate to sell and take the profit, and it's wrong. As we often repeat, an investor who is willing to invest in bitcoin for a long time is anticipated to sell his investment after three or four years because, historically, the market always reaches an all-time high after that time.

However, many investors fail to comprehend when they should expect to make a significant return from their investment; it is best if they continue to invest throughout this period and wait at least four years before extracting profits.
If investors are affected by some general changes in the market, they will not be able to hold their investments for long. Holding investment is not easy at all, maybe when a new investor is involved in investing they think that investment is very easy and they can definitely hold their investment for a long time. But the problem here is that after investing, that investor may face many financial problems or may need a lot of money, but investors may think that since they have invested some amount of money, they should sell that amount of investment to meet their needs. Even from such an idea, many people cannot maintain the continuity of their investment for a long time. But if an investor makes a proper plan before investing and is able to do everything according to plan then it is possible for him to hold his investment for a long time.
A new investor is prone to facing the realities of investing in bitcoin and the temptations that comes with having funds somewhere and restraining yourself from touching it for a long term and all. At those time, it is possible for him to fail and sabotage his investments sometimes in order to survive, especially if he is very aggressive with his investment. Sometimes, they might hit an emergency that overhauls their emergency funds and they fall back to their holdings, such scenarios are expected since he's new to the system.  It might take some time for him to reach the maturity of consistency and commitment to his investment, but it is very important not to give up until you reach such maturity of stabilizing your cashflow and not having to prey on your holdings.
sr. member
Activity: 266
Merit: 205
November 06, 2024, 01:25:43 AM
Well i want you to understand the fact that all investment in bitcoin is not targeted towards making profit, we can invest in bitcoin to hold value for a long duration of time, bitcoin can also act as a hedge against inflation, devaluation of currency and economy challenges.so profit is not the only thing that determines whether our bitcoin investment is successful or not it depends on the investor goals.
Nowadays there are many Bitcoin investors who might have earned more profits and also their goals from their investment in Bitcoin. Because today Bitcoin has broken history again by creating a new ATH in the same year so it has made more investors very happy and will continue to be excited to continue investing in Bitcoin for a long period. Today Bitcoin has really surprised everyone and is very happy after seeing the price levels it has reached and I think its increase will continue because now we are in a bullrun condition.


Honestly, I wasn't that surprised by the performance of Bitcoin this year generally because this is what I was expecting earlier, and I think it has gone up to 75k plus in the wee hours of this morning, and to be honest here, I believe that most Bitcoin investors will be much more happy if it can rise and get up to the 100k milestone before the end of the year, but that's certainly not the peak price of Bitcoin, it can do even much more better in the future, just that the sad reality is that most investors will sell too early in excitement thinking that they have made a lot, not knowing that they are missing out on the bigger picture of what they stands to gain if they can hold a little bit longer.

Then lastly, I think that the major cause of the push in value of Bitcoin this morning is because of the US election going on, and since Donald trump's is a crypto enthusiastic, the price of Bitcoin is appreciating in value due to the fact that he is currently leading, but I believe that if he eventually wins, the bull run will definitely kicks in just as it happens last time that he won the election in 2016.
hero member
Activity: 1050
Merit: 844
November 06, 2024, 12:22:50 AM
Well i want you to understand the fact that all investment in bitcoin is not targeted towards making profit, we can invest in bitcoin to hold value for a long duration of time, bitcoin can also act as a hedge against inflation, devaluation of currency and economy challenges.so profit is not the only thing that determines whether our bitcoin investment is successful or not it depends on the investor goals.
Nowadays there are many Bitcoin investors who might have earned more profits and also their goals from their investment in Bitcoin. Because today Bitcoin has broken history again by creating a new ATH in the same year so it has made more investors very happy and will continue to be excited to continue investing in Bitcoin for a long period. Today Bitcoin has really surprised everyone and is very happy after seeing the price levels it has reached and I think its increase will continue because now we are in a bullrun condition.

sr. member
Activity: 1386
Merit: 406
November 05, 2024, 11:56:35 PM
It is clear that after making a long-term investment, if an investor monitors the market regularly and due to small changes in the market, that investor himself is affected and sells his investment, then this investment strategy is not called a long-term investment. If an investor sells his investment at some profit after purchase then we will consider it as early trading. Investing is not as easy as it sounds. In long term investment planning an investor needs to be patient enough and have the mindset to sacrifice a lot. After investing it is normal to make profit or loss due to market volatility, if you cannot hold enough capital during this temporary profit or loss then the investment is worthless.

Some investors believe that if they invest and see a small change in the market, it is appropriate to sell and take the profit, and it's wrong. As we often repeat, an investor who is willing to invest in bitcoin for a long time is anticipated to sell his investment after three or four years because, historically, the market always reaches an all-time high after that time.

However, many investors fail to comprehend when they should expect to make a significant return from their investment; it is best if they continue to invest throughout this period and wait at least four years before extracting profits.
If investors are affected by some general changes in the market, they will not be able to hold their investments for long. Holding investment is not easy at all, maybe when a new investor is involved in investing they think that investment is very easy and they can definitely hold their investment for a long time. But the problem here is that after investing, that investor may face many financial problems or may need a lot of money, but investors may think that since they have invested some amount of money, they should sell that amount of investment to meet their needs. Even from such an idea, many people cannot maintain the continuity of their investment for a long time. But if an investor makes a proper plan before investing and is able to do everything according to plan then it is possible for him to hold his investment for a long time.
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