Take Bitcoin as a long term investment and just forget it like it’s in a long-term investment account. Don’t let your emotions get too much into it else you might make the wrong decision and sell at the wrong time. The best thing you can do is to not look at it, even if crypto is going up or down. That’s exactly what I do especially now that it’s dipping, I don’t want to stress over it because I believe if I hold and wait patiently Bitcoin is going to rise again.
My all time investment strategy is buying more when crypto is dipping, holding and selling back when it increases. In 2020 I bought ethereum when it was $700 and sold when it was $4000 in 2021. Within 2020 and 2021 when the price was going up and down, I decided to ignore the dip and hold on to it till I eventually sold at a good price.
This is the right time to buy more cryptocurrencies especially Bitcoin because the more people come into the market and increases their demand for it, its value continues to grow rapidly.
I tried acting like this in the past , I even wonder how to forget about the investment and let it there for at least 3-5 years , but suddenly ? i cannot manage to make it happen because it is hard to deny the fact that when browsing this forum we will be triggered to check the market from time to time so just admit it, we are here to check our valued asset each time and decide what to do after.My all time investment strategy is buying more when crypto is dipping, holding and selling back when it increases. In 2020 I bought ethereum when it was $700 and sold when it was $4000 in 2021. Within 2020 and 2021 when the price was going up and down, I decided to ignore the dip and hold on to it till I eventually sold at a good price.
This is the right time to buy more cryptocurrencies especially Bitcoin because the more people come into the market and increases their demand for it, its value continues to grow rapidly.
and this is why many are turning into losses because of panicking after seeing the market fall badly.
Long-term investment seems really easy to do but HODL is usually the most difficult task in an investor's life.
Imagine you bought the dip of 2018 and suddenly in 2020, after HOLDing for 2 years you see your BTC is now at the same amount of price at what you bought.
Not an easy job to do, but fruitful if done correctly.
Sorry but what? you said that Long term investing is the easiest thing to do but HODL is most difficult ? it is the same lol , HODL means Long term investing and difficult? when all you need to do is wait ? Imagine you bought the dip of 2018 and suddenly in 2020, after HOLDing for 2 years you see your BTC is now at the same amount of price at what you bought.
Not an easy job to do, but fruitful if done correctly.
