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Author Topic: Long-term planning is essential in crypto space  (Read 2445 times)

Offline AGM

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Long-term planning is essential in crypto space
« on: May 25, 2024, 04:09:03 AM »
In the cryptocurrency space, when we expect a certain bullish trend  in any particular coin, we may not get it exactly as expected, but rather different behavior may be observed. Many people take these behaviors differently. During the period we would like to see a bull run in Ether price due to ETFs approval but there is no change in the price in this currency. My main point of bringing this topic here is that there are many people who try to invest with a specific event in mind but they don't always succeed in that goal. The only message to those investors is that success in the crypto space requires patience. Even if it is not good for us at the time we are expecting, we can get more than that expectation in the future. Of course, investors must have a long-term plan before investing.
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Long-term planning is essential in crypto space
« on: May 25, 2024, 04:09:03 AM »

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Offline yhiaali3

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Re: Long-term planning is essential in crypto space
« Reply #1 on: May 25, 2024, 04:53:28 AM »
Of course, a long-term investment plan is much better than following the news and being affected by it negatively or positively, or as the famous rule says, “buy the rumours, sell the news.”

Of course, this rule often works well, but other times it causes disasters because some people sell at a huge loss as a result of being affected by news that may be false or whose effect is temporary.

As for the long-term investor, he does not care about all this news. He sets a specific goal in front of him in the future and is not affected by all this news or rumors, and he only sells when he achieves his goal.

Offline AGM

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Re: Long-term planning is essential in crypto space
« Reply #2 on: May 25, 2024, 05:37:06 AM »
As for the long-term investor, he does not care about all this news. He sets a specific goal in front of him in the future and is not affected by all this news or rumors, and he only sells when he achieves his goal.
Another big advantage of long-term investors is that they can stay . without fear because sometimes big market declines are too hard for many investors to bear. But those who invest with a long-term plan need not worry about market volatility. A short-term investor always has to be concerned. He always has to monitor the market news. Even after knowing all the news, he cannot give any certainty.
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Re: Long-term planning is essential in crypto space
« Reply #3 on: May 25, 2024, 07:25:05 AM »
As for the long-term investor, he does not care about all this news. He sets a specific goal in front of him in the future and is not affected by all this news or rumors, and he only sells when he achieves his goal.
Another big advantage of long-term investors is that they can stay . without fear because sometimes big market declines are too hard for many investors to bear. But those who invest with a long-term plan need not worry about market volatility. A short-term investor always has to be concerned. He always has to monitor the market news. Even after knowing all the news, he cannot give any certainty.
Again, with an asset like bitcoin, considering it for its long-term potentials has proven to be the best approach and strategy for more and higher profitability, rather than investing short-term because just like you've said, the market can be very volatile and fluctuations are certain, and these fluctuations can clowd one's judgement and result to taking irrational decisions, so to avoid market sentiments, it's better to consider the asset's long-term goals as it will ride out the short-term outcomes and its effects.

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Re: Long-term planning is essential in crypto space
« Reply #4 on: May 25, 2024, 08:49:05 AM »
Another big advantage of long-term investors is that they can stay . without fear because sometimes big market declines are too hard for many investors to bear. But those who invest with a long-term plan need not worry about market volatility. A short-term investor always has to be concerned. He always has to monitor the market news. Even after knowing all the news, he cannot give any certainty.
I think all investment have fear But depending on the field it is sometimes less sometimes more, whether it is a short-term investment or long-term investment.
And I will also say that not all investment on long-term have fear free because if a person invest in altcoin projects I will say that he must have also fear. For example I am holding 250$+ SLP token from 2021 and currently their total price is around 35$.
So not all long-term invest is good or fear less until we comes to bitcoin.  :)

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Re: Long-term planning is essential in crypto space
« Reply #5 on: May 25, 2024, 10:43:18 AM »
Ethereum has already risen, as the weekly rate of change is 20.31%, while the rate for Bitcoin is 2.88%. Therefore, whoever invested due to ETF funds has achieved profits. Unless you intend to invest after the news begins to spread here, the rise wave will have already occurred and you are catching a speeding train.
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Re: Long-term planning is essential in crypto space
« Reply #6 on: May 25, 2024, 02:40:23 PM »
There should always be a plan. Even though everyone is counting on a good alts season right now, it pays to insure yourself, I'm staking TFS for now. That's my plan B, but by buying XRP and MATIC I hope for a good take off and that I can fill my bags well.

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Re: Long-term planning is essential in crypto space
« Reply #6 on: May 25, 2024, 02:40:23 PM »


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Re: Long-term planning is essential in crypto space
« Reply #7 on: May 25, 2024, 03:50:15 PM »
Long-term planning makes sense only with cryptocurrencies that have already proven themselves, everything else is actually a pump&dump scheme from which many come out with nothing. Many people have a hard time understanding that if they once made money on a coin, it may never be possible again, because it actually had a one-time purpose.

On the other hand, those who can afford to invest in Bitcoin have always profited so far, especially those who followed the cycles and invested when the price was at the bottom, and sold whenever a new ATH occurred. Of course, it is not easy to precisely detect the absolute bottom or ATH, but smart investors always buy when the price goes down and sell when they are satisfied with the profit when the price goes up.

In any case, any plan is better than none.
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Re: Long-term planning is essential in crypto space
« Reply #8 on: May 25, 2024, 04:11:13 PM »
Of a truth being successful in Crypto takes  patience and consistency to achieve.  As an investor, you should know that your investment would take time to grow before you start making profit from it.
Already, before investing, you should have it in mind that if you must succeed in Crypto, you must be able to have and exercise some patients because investment is not a day bargain and it must take time to get you the expected desire profits you longed for.
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Re: Long-term planning is essential in crypto space
« Reply #9 on: May 25, 2024, 08:30:03 PM »
Of a truth being successful in Crypto takes  patience and consistency to achieve.  As an investor, you should know that your investment would take time to grow before you start making profit from it.
Already, before investing, you should have it in mind that if you must succeed in Crypto, you must be able to have and exercise some patients because investment is not a day bargain and it must take time to get you the expected desire profits you longed for.
It's true, patience is one of the keys to making us successful in the crypto space, apart from that we are also required to be consistent and all of that will be very closely related to the planning we have to have at the start.

If we are patient enough but we don't have a good plan, then I don't think that will be optimal either, and vice versa if we have a plan but we are not patient then that will be a problem too. So everything we have to have when we are in this crypto space.

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Re: Long-term planning is essential in crypto space
« Reply #10 on: May 25, 2024, 08:48:30 PM »
Of a truth being successful in Crypto takes  patience and consistency to achieve.  As an investor, you should know that your investment would take time to grow before you start making profit from it.
Already, before investing, you should have it in mind that if you must succeed in Crypto, you must be able to have and exercise some patients because investment is not a day bargain and it must take time to get you the expected desire profits you longed for.
It's true, patience is one of the keys to making us successful in the crypto space, apart from that we are also required to be consistent and all of that will be very closely related to the planning we have to have at the start.

If we are patient enough but we don't have a good plan, then I don't think that will be optimal either, and vice versa if we have a plan but we are not patient then that will be a problem too. So everything we have to have when we are in this crypto space.
That's true. If you are not patient, you do not belong here because you can not be able to take on the Crypto long walk of time. Only those who are patient enough to withstand the outcome of their investment irrespective of the situation of things surrounding the space can be able to overcome. It takes patience and consistency to achieve anything in Crypto. Like the sayings goes " Rome was not built in a day" likewise Crypto investment does not generate revenue in a day. If you must take profit, then you must be prepared to learn to be patient because it is only the patient dog that eats the fastest bone.
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Re: Long-term planning is essential in crypto space
« Reply #11 on: May 26, 2024, 12:36:53 AM »
having a long-term strategy, investors can avoid making impulsive decisions based on short-term price fluctuations. This allows them to ride out market fluctuations and potentially benefit from long-term growth in the value of their investments. Additionally, long-term planning helps investors to set specific goals, manage risk effectively, and diversify their investment portfolio for optimal returns. Overall, having a long-term perspective in the crypto space can help investors navigate the unpredictable market conditions and make informed decisions that align with their financial objectives.

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Re: Long-term planning is essential in crypto space
« Reply #12 on: May 26, 2024, 07:52:53 AM »
In the cryptocurrency space, when we expect a certain bullish trend  in any particular coin, we may not get it exactly as expected, but rather different behavior may be observed. Many people take these behaviors differently. During the period we would like to see a bull run in Ether price due to ETFs approval but there is no change in the price in this currency. My main point of bringing this topic here is that there are many people who try to invest with a specific event in mind but they don't always succeed in that goal. The only message to those investors is that success in the crypto space requires patience. Even if it is not good for us at the time we are expecting, we can get more than that expectation in the future. Of course, investors must have a long-term plan before investing.

         -   That's why it's important to have a real plan in this crypto business that we entered, because if we only depend on uncertainty, the chances are definitely high that the capital that we will use in crypto assets will end up in nothing. 

You must really know something about trading; you can't just guess, but you don't know how to analyze or read a trading chart to determine where the price of the coins you are holding is headed.

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Re: Long-term planning is essential in crypto space
« Reply #13 on: May 26, 2024, 11:09:43 AM »
In the cryptocurrency space, when we expect a certain bullish trend  in any particular coin, we may not get it exactly as expected, but rather different behavior may be observed. Many people take these behaviors differently. During the period we would like to see a bull run in Ether price due to ETFs approval but there is no change in the price in this currency. My main point of bringing this topic here is that there are many people who try to invest with a specific event in mind but they don't always succeed in that goal. The only message to those investors is that success in the crypto space requires patience. Even if it is not good for us at the time we are expecting, we can get more than that expectation in the future. Of course, investors must have a long-term plan before investing.

         -   That's why it's important to have a real plan in this crypto business that we entered, because if we only depend on uncertainty, the chances are definitely high that the capital that we will use in crypto assets will end up in nothing.

You must really know something about trading; you can't just guess, but you don't know how to analyze or read a trading chart to determine where the price of the coins you are holding is headed.
You don't need to have trading skills before you can become successful in your bitcoin investment if you tend to hodli for long. It is easy to hodli if you are using the right amount to invest in bitcoin without over doing it. This is because people keep their savings in the bank for many years without touching it because they don't need it. This is why I am always baffled to hear that someone is investing in bitcoin for short-term and when he run at loss, he will be crying. Bitcoin investment is like every other invest or business that you set up or just started. You don't expect your new business or investment to give you a big profit that you should give to you in ten years time.

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Re: Long-term planning is essential in crypto space
« Reply #14 on: May 26, 2024, 07:21:14 PM »
It's true, patience is one of the keys to making us successful in the crypto space, apart from that we are also required to be consistent and all of that will be very closely related to the planning we have to have at the start.

If we are patient enough but we don't have a good plan, then I don't think that will be optimal either, and vice versa if we have a plan but we are not patient then that will be a problem too. So everything we have to have when we are in this crypto space.
That's true. If you are not patient, you do not belong here because you can not be able to take on the Crypto long walk of time. Only those who are patient enough to withstand the outcome of their investment irrespective of the situation of things surrounding the space can be able to overcome. It takes patience and consistency to achieve anything in Crypto. Like the sayings goes " Rome was not built in a day" likewise Crypto investment does not generate revenue in a day. If you must take profit, then you must be prepared to learn to be patient because it is only the patient dog that eats the fastest bone.
Yes, that saying becomes relevant when it comes to the crypto space, because in the crypto space it is the same, we cannot understand and take advantage in a very short time.

Maybe along the way we will be faced with problems that can shape our mentality well for the future. Everything we experience and everything we feel becomes very meaningful, and once again we must have enough patience.

 

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