Topic: Buy the DIP, and HODL! - page 344. (Read 137708 times)

IMO short term investors are making no real profit from bitcoin cause they still sell their holdings after some increase in value and to me that is because they don't understand the potential of bitcoin for the long term hold.
The reason why long term holders makes more profit over short term investors is cause they allow the compounding value effect to happen on their bitcoin and bitcoin is a scarce asset that would continue to increase in value over time even if not at a faster rate.

If you look at what is currently happening the demand of bitcoin is high to the point that exchanges don't have enough liquidity to handle the demand of it, and you know what happens when an item is scare and high on demand, it's value would increase and this is not something that happens for a short period of time, you know that as people continue to buy and hold bitcoin the supply would continue to decrease making it to gain more value, so if anyone really understands the value of bitcoin as an asset he would be thinking in terms of accumulating more than taking profits off his holdings on a short term.

I am not saying making or taking profits off your holdings is bad but this should be after a period of accumulating at least enough bitcoin which is different for everyone but should be at a minimum of 4 years of accumulation. The only way to truly be prepared for up is to have more bitcoin.

And speaking of who has been more profitable, some person's that bought bitcoin right around when it was still at 30$ and sold when it hit a 100$ would have made profits from it yes, but imagine what those that kept their holdings up until now and see how many x and compounding value effect that has happened on their portfolio, so even historically long term holders have benefited from bitcoin more than short term holders.

if you understood what he is trying to say rightly, you will know that although the emphasy has been more of making investment on a long term bases, short term investors also have profit in Thier investment, it's only that it is more profitable to invest in the long term with a greater amount of  Bitcoin than investing a small amount and because people are talking about taking back Thier investment you join them in doing so without necessarily understanding that most of them might have been HODling for a longer period of time compared to you and that they might have reached thier investment goal which place them at a good position to selling at the moment.

Regardless of the reasons given to you on why long term investment is better than HODling for a short period of time, the decision to  leave your investment for long is  totally up to you to make and the truth is that as long as what you get at the point you decide to sell off your holding is bigger than what you've invested, you've gained your profit and if the amount you sold your holding meets your investment goal, then that's good enough.

Everyone has different Bitcoin accumulation trajectory and so you have to be focused enough not to allow someone that bought Bitcoin ten years ago when the price was small and that had been accumulating since then and wants to sell at this current bullish period to become the reason why you want to sell your two year holding that's not even up to 0.05BTC.

Regardless of how you look at it, long term investment will always be more profitable than whatever short term investment.

I won't totally agree with you that everyone who bought bitcoin in 2022 will not sell their bitcoin. I will tell you for free that not everyone who bought bitcoin in 2022 are still holding their bitcoin till date. Holding is a mindset and not everyone can do it. In every 20 person that buy bitcoin, you will be surprised to know only about 7 or less will hold for long term. People who are coming into bitcoin investment should understand that holding bitcoin is for long is part of the investment process and only through this can we truly benefit from it more.

The main theme here is that people who generally earn less than others and their income is not enough to meet their monthly needs, they cannot deposit bitcoins, such problems are more common. They cannot implement any plan properly in the long term which causes major problems. Now if we think about the current world system, most of the currencies of the countries are traded as digital currencies and Bitcoin is one of them. Which is most important in digital transactions.

With the way bitcoin have widely spread across the world, some were already choosing it as their major currency of payment and live by it, if we are going more wider in the usefulness of this digital currency, we can derive as many as thousands out from what bitcoin is giving to their individual and collective economy and financial development, when we are also a long time bitcoin investor's, we could be able to point out on many ways we could go by with our investment as in other not to affect us through our holdings, because we have already been investing overtime and can point out on more successful seasons we have been profitable with our investments, i don't think there's a way we can hodl bitcoin and regret doing so because the profitability enough will speak and silence any other contrary objections towards that our investment with bitcoin.

I have seen many people who earn bitcoins and manage all their life expenses with it. I agree with you that investment in Bitcoin needs to be long-term. Because it is not possible to extract full profit from Bitcoin if not in long term. According to me, some part can be spent for special needs and the rest is better to invest.

most of the people that are considering withrawing Thier investment within few years into Thier holding have probably not made any real  life investment into a tangeable asset. If you've purchased an asset like land that always appreciate in value, do you sell it out in the next three to four years even when someone offers to pay twice the amount you've spent in purchasing the land? Or do you invest into a business and becouse you've gained a short term profit above what you started the business with, you decide to sell the whole business and put the proceed of the money into another thing.it doesn't work that way. You already know that if within four years your land can appreciate up to a certain amount, that if you're are patient enough to wait longer then the reward would be better than being moved by whatever difference in price you've seen now.

Except Thier is a case of emergency or you want to sell out part of your profit and reinvest it into another promising  asset so as to get double section of investment, your holding should remain as either a backup of your reserve fund, savings for your retirement or a means to achieving a set long term goal.  It's necessary to understand that the money used in investing into Bitcoin if gathered together and used to start up a business or firm could possibly yield huge profit in the next ten year time putting all things into perspective but the advantage that investing into Bitcoin has over most other things is basically the fact that with a small amount of money you could start making your investment buying the amount of Satoshi you money can carry with the use of the DCA method without necessarily getting thousands of dollars at a time, just like the amount you need to get into real estate or to start most kind of investment.

Obviously, bitcoin is the best performing assets and cannot be disputed but I understand while despite its performance some folks worry about its sustainability which is one of the reasons why they want to take profit too early. Bitcoin price today is 61K USD and even at this, bitcoin is still at its earliest stage. There are still so many people, institutions, and countries that would invest in bitcoin together with some market forces that will push the price above 100k. It is very attainable now.

Taking profit from your investment is good, and actually suggested so you can re-invest those profits into another asset. BUT in a new asset class such Bitcoin, I would discourage anyone from taking profit in any price under six digits. Why? Because we haven't truly seen its real value financially, and its REAL value socially and politically.

There were people warning us that Legacy Finance is coming, and they came. I believe there will be some people that will warn us that the Government is coming, not to ban Bitcoin but to BUY, and they will come. Russia is probably buying Bitcoin right now.

Boss! You have given your answer and I want to some opinion that-
It would be frustrated if missing out an opportunity about buying BTC at a lower prices and regrets in financial decision. some of the people might be panic if they selling right now, but now the right time to start full-fill your wallet and build up your portfolio for buying BTC. I might be believe this is the right time to continue to DCA the line, HOLD and believing the rewarded history and you will be reward in coming future.

ohhh thanks by the way for the awareness I have done some editing to correct the mistake to the  right word I was planning to use.  Yeah procastinating in such opportunity won't do any good , This time around you don't need any one to sit you down telling you to invest in Bitcoin and all that. Bitcoin as already proven itself worthy of being a great investment, bitcoin started From the price range of $0.0008/ pet token in the year 2010 . Now go to CMC and check the recent price of bitcoin then you know that Bitcoin is truly an apex investment just as promise444c5 called it.

Edited:

taking profit from your investment is not bad but still depends on the quantity of bitcoin you have accumulated. So in a scenario whereby a newbie started his journey of accumulating bitcoin, and he or she haven't gotten to anywhere with Their accumulation (have low quantity in their portfolio) and started taking profit from their investment expecially for those who are planning for long-term holding . They doing so in taking profit from their investment in any increase in price of bitcoin. Shows that they lack principles in their investment, because that action may only result to slow growth of their portfolio. But as some one who have gotten far with us accummulation like holding from 4-5 yrs and above can start taken profit from their investment not those that just started their accumulation journey .

I've tried to understand what he's said. And I think he's pointing about selling at high price and never able to buy back at a low price.

I am not sure with that but I try to comprehend as well what he said. Whether we sell at a not so high price but we're able to profit from it. It doesn't matter how long someone has to wait for him to buy back.

It's not bad to take profits, actually we have to take profits whenever we can because that's the goal of everyone why we invest.

I don't understand what you mean that taking profits from your Bitcoin investment is bad neither do I understand how that is related to gambling. Are you suggesting that one should never sell Bitcoin? Why do I sense insincerity in your statement? Does it mean you don't plan to sell some of your Bitcoin at some point in the future?

I don't agree with you that taking profits is bad and same as gambling. Bitcoin was created to be a medium of exchange even though we have seen that holding it will make it appreciate in value as with every important assets. Selling is just part of what makes Bitcoin what it is and at some point, one gave to sell some of his stash to be able to enjoy his Bitcoin.

I made a little correction  on your post and its  a good one. By now you understand better how it works and I believe  everyone  that read this should understand  that each day you keep  on procrastinating  or pulling back reduces your chance of getting to witness  a nice ROI for once investment . Bitcoin isn't  the only investment  out there but the fact it gives you the power of having  total control of your investment  makes it an apex and supreme  over other form of investment

During late 2022 bitcoin experience a dip in price around $15k . And I had the chance to buy back then when the price was still low, guess what I didn't. Till now still regretting that shit , I guess was because I didn't have proper knowledge concerning bitcoin and investing in it , may be now I would have gotten some good stash of bitcoin in my portfolio now . Even using DCAing with amount as low as $10 to be accumulating after buying some good quantity that time . That would have given more advantage as an early Investor. But still starting now would also give you that same advantage in a long run, because during that period bitcoin price range was around $15k alot of investors would have also have sane mindset, thinking that he or she didn't start investing early or they didn't start investing the right time. But now check bitcoin price m, it's around the price range of $62k . Now would those investors still have that mindset nahhhh. But some might have sold theirs early due to short-term (regretting) profit while some keep holding for long-term profit,(having good principles). So those that haven't invested in bitcoin I think now still a good time to start your bitcoin accumulation, you can actually start accumulating bitcoin with the amount as low as $10 . Maybe as time goes on seeing the beauty of bitcoin clearly you can start accumulating aggressively.

When to sell Bitcoin will be the decision of each investor because those who know when they sell their Bitcoin. Maybe someone sells bitcoin at the current price but they only sell a little bitcoin to take advantage. But there are still many investors who still hold their Bitcoin because they think the price of Bitcoin will make his new ATH. When the price of Bitcoin reaches its new ATH price, they will sell the Bitcoin.

But the question is how much is the price of the new ATH because no one knows for sure. For this reason, each investor must be wise if they want to sell their bitcoin. They should have started determining the selling price so that they don't miss out if they want to sell the bitcoin. After Bitcoin reaches its new ATH price, no one knows when the price of Bitcoin will experience more correction. We also don't know if the price will return to $25K- $30k as its lowest price because the lowest price of Bitcoin yesterday was at $15K- $17K, which many of us did not expect.

Who knows, the lowest price of Bitcoin can return to the price of $ 25K- $30k so that it provides an opportunity for investors who have sold their Bitcoin at the price of their new ATH to be able to buy more Bitcoin. The new ATH price for Bitcoin is likely to reach more than $ 100K and can even be higher than that price.

Selling our bitcoin too early would surely lead to regrets especially when we are never able to buy back bitcoin at that same price we did as when we bought it, many person's are talking about taking profits even some early investors that I know that I started with and I'm like how many bitcoins have you accumulated that you feel you are on the right for taking profits, the truth is many of them came in for the profits and never had any intention of staying or holding bitcoin for a longer term.

At times it is very possible that bitcoin would never go back to former prices and those who were opportunited to have some early bitcoin that they got at a price if 25-30k earlier this year and decides to sell this bull run might never be able to see the likes of bitcoin in those price range ever again and would have to get it at a even higher price, to me if you haven't accumulated up to 5 years you should not be think of selling or taking profits the plan is to allow as much compounding value effect on your portfolio as possible.

The earlier you invest, the more likely it is for you to buy at a low price. Imagine an early bitcoin investor or someone who bought at $16k in 2022, I'm sure they would have gotten 4x returns if they were really able to manage their psychology when the market fluctuated highly. Of course it is true that patience is the key to success in investing, but patience alone is not enough. You need to be able to build an investment portfolio well and adjust it when things don't go according to plan, so patience alone is never enough in investing.

In making the best profits in bitcoin it is in a long term period of investment and not in short term. There's no comparison that can equate the profits of a long term hodler and that of a short term even though the short term hodler decides to do a lump sum within the ahort term. For instance Mr. X  and Mr.Y owns 1btc each 4 years ago, and after two years Mr.X decides to sell due to the profit that has been made while Mr Y keeps holding till date even to the future, the both investor's profits can't be compared as he who's still holding for a long term will be in the best profit position.

Therefore, profit making in bitcoin investment isn't just about how much you invest in but how long you hodl would determine the maturity of your investment which will in turn determine your profiting amount.

In investing in Bitcoin, all you need is patience. And it is a fact that people who patiently wait for them are the ones who achieve great success in investing in bitcoin. People who are always filled with worry of course will never achieve success in investing in Bitcoin. In their investment journey, those who use the lump sum purchase method are not wrong because if they buy large amounts in 2022, they will now have succeeded in reaping big profits and this is just a comparison. Rest assured those who bought in 2022 will not sell their BTC in the near future because I believe they are big investors who have seen great potential in Bitcoin in the future. For beginners or those who have been in Bitcoin for a long time, you all have to be confident in what you are doing. Just buy bitcoins and start holding them for the long term.

Success is not measured from the start of the investment you make, but it will come by itself without you realizing it at some point in the future. So start building your Portfolio with Bitcoin and deploy your money in several phases to maintain the opportunity to buy aggressively when the price drops. I'm also happy and the reason is because BTC has almost reached a new ATH. For this reason, a journey that requires a lot of patience will bear fruit in the future and it all belongs to those who are able to Holding it in the long term.