Long-term planning is essential in crypto space

[Rubel007]

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.

If those who keep their money fixed deposits in banks for long periods of time did the same in investing in bitcoins then everyone would be successful. An investor has to wait for a long time by keeping money in the bank. Especially the effect of inflation is making the holder suffer heavily. Those who have decided to invest the amount of money in the bank for a long time can be profitable even if they share one-third of that investment. And those who are in poor financial condition can get big returns in the long run if they can strengthen their holdings by using DCA.

[Vx1]

Someone who invests in Cryptocurrency aims to make a profit, and of course, if possible, the investor hopes to get the maximum profit.
Of course, before investing, investors have thought about how long they will invest.  If their investment is in a crypto project that has the potential to be good in the long term, then they will definitely do that. 
But it is true that most good crypto is crypto that has a good future, this is where investors are required to be able to choose where they should place their investment in order to get the maximum profit possible.

[Jating]

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.

Because we have what we call volatility in this market, and it's one of a kind that's why it's hard to predict where the price is going to be. So don't expect anything, like very bullish or parabolic rise because it's not going to happen. Even in BTC's bull run year, there will be months that you can see that the price is on a downtrend, then suddenly it will go up the next month. For those who have been in the market for so long, your advise is good. But for those who have seen or experience one full cycle, this is already a known fact. And to add to that, the best time to accumulate is during the bear market because prices is so low. And then hold in long term and wait for the bull run to come before you sell to get the most out of your long term investment.

[bitterguy28]

Someone who invests in Cryptocurrency aims to make a profit, and of course, if possible, the investor hopes to get the maximum profit.
Of course, before investing, investors have thought about how long they will invest.  If their investment is in a crypto project that has the potential to be good in the long term, then they will definitely do that. 

plans are there and target as well but always ready for sideways or advance decisioning , because this market is unpredictable in which anything may change in a glimpse of an eye

But it is true that most good crypto is crypto that has a good future, this is where investors are required to be able to choose where they should place their investment in order to get the maximum profit possible.

most crypto? lol there are only small count that has a good future and majority will gone when they already fooled people so try not to be one of those fools mate.

[Dr.Bitcoin_Strange]

Someone who invests in Cryptocurrency aims to make a profit, and of course, if possible, the investor hopes to get the maximum profit.
Of course, before investing, investors have thought about how long they will invest.  If their investment is in a crypto project that has the potential to be good in the long term, then they will definitely do that. 

plans are there and target as well but always ready for sideways or advance decisioning , because this market is unpredictable in which anything may change in a glimpse of an eye

Most definitely.
The crypto market is highly unpredictable and full of uncertainty and it'll be quite foolishness for an investor not to prepare for those days that things won't go just how you plan them.
It's pretty me okay to hope for the best but at the same time expecting the worst while dealing with crypto currency investment, especially for people who are into altcoins investments too.

[LogitechMouse]

~
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.

This isn't only applicable with cryptocurrency, but in investing in general.

Being patient, is good but it isn't enough to be successful in investing. You can be patient, but in the end, you might see a huge dip in the market causing you to make bad decisions and sold your holdings. Be patient but at the same time, be good in decision-making. That's what will help you become successful. Not only those 2, but for me those are 2 of the 3 traits that all investors have. What's the 3rd one? Being disciplined.

Investing in long-term not only in crypto, but with different asset classes will give you much more profits. It depends on what type of asset you bought, but if you bought those safer assets like the index funds, Bitcoin, etc. in the long run you really will make profit. Long-term is the key.

[UNIVERSE]

You don't need to have trading skills before you can become successful in your bitcoin investment if you tend to hodli for long.

Of course, to be successful in investment, it is not necessary to be skillful in trading. 
Moreover, if it is for a long term holding, we just need to be patient to wait for the bullish market. Mostly it needs to hold for 3-4 years, but it can be longer if the target is higher. Also, sometimes it is needed to update the information about Bitcoin and crypto as a whole.

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.

What do you mean by right amount?
Sure, we must invest with safe money. It won't be a big pressure, holding will be so worried if it uses safe money. It is also a lot of fun because it will earn profits.

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.

Nothing wrong if someone wants to invest in a short time. It can be for few months or a year, depending on the target and what the season is. In the current season, I think some people just hold for few months. If there is a huge pump, they may take profits immediately. People may not hold too long because they know there will be bearish season. In the bearish season, the price tends to drop again.


Here is the data of bullish season:



https://thedefiant.io/news/research-and-opinion/charting-history-s-rhyme-understanding-the-cyclicality-of-crypto-markets

[MUGNIA]

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.

long-term investors will not panic if losses only reach 25% of assets, because long-term investors already understand all the cycles in crypto so that if there is a downturn they are prepared to load up even more

[Sim_card]

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.

Nothing wrong if someone wants to invest in a short time. It can be for few months or a year, depending on the target and what the season is. In the current season, I think some people just hold for few months. If there is a huge pump, they may take profits immediately. People may not hold too long because they know there will be bearish season. In the bearish season, the price tends to drop again.

I don't see short term investment as an investment but I see it as trading and it is very dangerous because we cannot predict the price movement of bitcoin. You might think that you are smart and plan to buy bitcoin and sell off in 6 months, but it will shock you that you might have reached the time that you plan to sell and bitcoin price is below your entry point. What will you do, sell in a loss, that will be the worst. In fact short term hodlers are not at rest with their emotions whenever there is a fluctuation in bitcoin price, it can lead to heart attacks. I believe short term holders are using more for important things to buy bitcoin thinking to make profits within a short period of time, which may be possible or not.

[Jamal Aezaz]

Long term investment or planning is essential because it can give you a chance to take the profit in future but if someone doesn't want to take help from his patience then he cannot be profitable in future. People often change their ideas with changing news but I think if their trust remains higher then they will not change their mind according to the news.

If someone invests for the long term then deep dip will not put any adverse effects on his ideas if he has control over his emotions. Long term planning is profitable if a planner applies the strategies which are necessary in such a long duration in order to be profitable.

[Cryptsafe]

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.

It is just like a sailor sailing on the sea. The more the sailor encounters rough and stormy waters, the stronger they become. This encounter gives them experience that they could be able to share or pass on to others who wants to grow under them. This I explained is still applicable to Crypto. So anyone who wants to understand the Crypto space must be willing and ready to face the storms involved be it a trader, and investor likewise a freelancer too who is paid in Crypto too is likely going to face the storm in Crypto. It is just like that and to be able to withstand this, one must be patient enough so as to grow and if otherwise, they are not fit for Crypto and should stay very far to avoid situations that could cause them possible health challenges or anything.

[Agbe]

Op I must tell that there is a big change of Ethereum price after the ETF approval of the ether spot approval. Before the ETF approval of the project, Ethereum was $2,800 or $3,200 and since when the Ethereum spot ETF was approved, the price has not come down to $3,800 which is a good move for the coin. And if anyone is investing in altcoins, it is better for the person to invest in long term because the movement of Altcoins is not fast as bitcoin. Lime today I bought bitcoin from someone at the rate of $67,768 and now bitcoin is $68,351 i. Which I have gotten small profit from it but altcoins are not like that. Since yesterday Ethereum was $3,800 and till now it is still in that price. So  tia better for the investors to plan for long term.

[Baofeng]

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.

long-term investors will not panic if losses only reach 25% of assets, because long-term investors already understand all the cycles in crypto so that if there is a downturn they are prepared to load up even more

I wouldn't say that they will panic, but for sure they will have to look at their portfolio. But at at the end of the day, they've could have for seen this and are very ready mentally and prepared and they could have a back up plan.

And that back up plan is to buy even more as the price is at a 25% discount. And this what separates a smart investor from let's say a inexperience as they could be thinking of selling their assets right away because they don't like what they are seeing in the market and are in panic mode and afraid that they are going to lose their money.

[Dr.Bitcoin_Strange]

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If someone invests for the long term then deep dip will not put any adverse effects on his ideas if he has control over his emotions. Long term planning is profitable if a planner applies the strategies which are necessary in such a long duration in order to be profitable.

Indeed the main advantage of considering one"s bitcoin investment for its long-term potentials is the fact that it gets rid of the effects and impacts of temporary market fluctuations and how it affects the investor, ( mainly the negative impacts).
Because it's easier for an investor to allow emotions set in when the market is going on a contrary direction from what you predicted or anticipated and this could compel some investors to make the wrong choices due to FOMO or other possible reasons.

But considering the long-term trajectory of your investment would indeed help to avoid these unnecessary tension and emotional outburst.

[$crypto$]

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.

It is just like a sailor sailing on the sea. The more the sailor encounters rough and stormy waters, the stronger they become. This encounter gives them experience that they could be able to share or pass on to others who wants to grow under them. This I explained is still applicable to Crypto. So anyone who wants to understand the Crypto space must be willing and ready to face the storms involved be it a trader, and investor likewise a freelancer too who is paid in Crypto too is likely going to face the storm in Crypto. It is just like that and to be able to withstand this, one must be patient enough so as to grow and if otherwise, they are not fit for Crypto and should stay very far to avoid situations that could cause them possible health challenges or anything.

Once again you say something good, sailors who often encounter storms, they will know better how to survive the storm. They will act calm because they are used to dealing with it.

However, if someone is going to sea for the first time and they are immediately faced with a storm, then they will feel great fear, because they are not used to it.

So here's what's interesting, when two people with different experiences are in the same boat, the more experienced person will be able to calm the person who is facing the storm for the first time.