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Bitcoin Forum / Re: Invest & Hodl Bitcoin!!
« on: Today at 09:41:44 PM »To earn profit by investing, we must take risks. If we just wait without taking risks and opportunities are missed by us while waiting, we will never be able to invest and earn profit. We have to invest and by investing we must be patient so that we get the results we expect. Many times we see people who just wait for the market to come down and while they wait they forget when to invest. Instead of waiting so much that time we think we should invest now at that time we must invest with the risk of money but we will get the expected result from the investment.You are very lucky that you didn't miss this opportunity when you had the money to invest and you took the risk with it. If you don't take risk, you can't gain. But the time when you invested was a volatile market so investing at that time was high risk. Did you know then that Bitcoin will never drop below $56k? so since you took a huge risk without knowing it you are now in profit but you should be holding them tight.Yeah and I regret for not buying as well since I knew Bitcoin at that price range before prices goes rally up. That is why I am trying to catch up right now through Altcoins since they are much cheaper compared to Bitcoin but yeah once I earn profit to alts it will surely be converted back to Bitcoin.
You missed the opportunity recently to buy at $56k last week that is why DCA is always the best strategy if you are a long-term holder because you will miss the dip if you don't do DCA sometimes fear is one of the reasons why we don't buy at the low price and we think that the price will still drop more.
luckily I bought a bit of BTC at around $57k but I missed the dip price because I set my DCA at a lower price around $52k near major support.