The major reason for our Bitcoin investment is to make some profits out of it, whether it is for short term or long term. Nobody who's investing in Bitcoin that doesn't have the intention to sell their Bitcoin holdings at a high price. As the crypto bull runs close by, many have mapped out the price they are to sell some parts of their Bitcoin, if not all of them. As for me, I am thinking of selling some of my holdings of Bitcoin for around $100k + price.
Of course the price of Bitcoin will hit $100K but it is more likely to succeed in 2025. Most of the big investors are basically holding Bitcoin targeting 2025, so we need to be patient if we want to get more benefit and higher price. Because the more patience you have, the more progress you can make in Bitcoin alone.
Knowing when to sell or hold is very important in cryptocurrency, this is what we should learn to know and do whenever we are investing on any crypto asset, profitability does not just come alone like that, but it has to be base on how we are aware of the conditions involved in whatever thing we do, we also cant pretend to say that some are not losing as well due to the same reason on what we are considering as the subject matter here from the discussion.
If one wants to invest in Bitcoin, it is definitely best to invest for the long term. But if you don't have enough accumulated money then of course you can invest it slowly and gradually every week. But this investment must be converted into DCA method that the investment continues to be invested on a weekly basis for a long period of time. As I have been investing bitcoins every week for two years now my portfolio is getting bigger and I have enough bitcoins. So only long term investment is possible to get success but following DCA method can be most beneficial.
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