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Basic Questions about Cryptos / Re: Are Bitcoins a good investment?
« on: May 26, 2024, 12:03:12 PM »Those who invest in long-term plans will surely succeed in implementing their plans if they stick to their decisions. Many times due to multiple decision changes, investors cannot hold their investments for long. But I would say bitcoin is always safe currency to hold in long term plan and we can invest in this currency if we want to in long term plan.Well I do plan to HODL for life, but yeah, I most definitely do have a target and when I've somewhat achieved this target, I'd take out profits not stop HODLing, so even after hitting that set target, I'd still keep on HODLing and setting new targets, so that pretty much looks more like HODLing for a lifetime.-snip-HODL for the long term, but not HODL for life.
Although Bitcoin is a long-term investment and should be considered for its long-term potentials, if anyone wishes to really get the best out of Bitcoin, then one should avoid attempting to predict the market and just HODL for the long-term.
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There should be a price target that needs to be achieved, even if it's long-term.