Posts

Think Long-Term and You Will Win | Bitcoin Poised For Greatest Bull Market in History

avatar of @khaleelkazi
25
khal
@khaleelkazi
·
·
0 views
·
4 min read

Thinking long-term has always been a centerpiece to the way I invest. I try to think as far ahead as I can when it comes to investing. If you think short-term, you'll notice that the quality of your decision making decreases rapidly in accordance with how short-term your thinking is.

For example, if you make a trade to make money in the next 60 seconds versus a trade to make money in the next 60 days, 60 months or 60 years. What is different?

The longer you go out on that timeline, the clearer your decision making is. Your thoughts are rational. They are fundamental. In fact, if you asked yourself "if I wouldn't hold this for 60 years, should I buy it for 60 seconds?"

This question can save you from massive losses. It could also point you in the direction of massive gains.

Investing is as Much Deciding What Not to Buy as it is What to Buy

Investing is a decision. It's deciding one thing over another. Especially in 2023, we now have options on options. There are countless places to stick your money and try to generate a return. The question is not what should I buy? but "what shouldn't I buy?".

I'm currently reading annual letter to shareholders that Warren Buffett wrote this year. He always shares some nuggets of wisdom from his 50+ years of rock solid investing.

As one of the most legendary (maybe, the most) investors of all time, Buffett has always preached a long-term mindset.

He always talks about making high-quality decisions. He doesn't talk about speed or hustle or doing a lot of things right. In fact, in this letter he says that making just 1 good decision ever 5 years is what has made him such a successful investor.

"The lesson for investors: The weeds wither away in significance as the flowers bloom. Over time, it takes just a few winners to work wonders. And, yes, it helps to start early and live into your 90s as well." - Warren Buffett, Annual Letter to Shareholders

As investors, I think this is a big takeaway lesson from the letter. How many times have you focused on bad investments you made? Have you let them ruin your day? How about your month? or even year?

How many times have you stewed on past mistakes... seemingly unable to get over the fact that you took a misstep?

If instead you focused on moving forward with lessons learned and the ability to make higher quality decisions, perhaps your next investment would become the flower that blooms, turning those bad investments - the weeds - into insignificant marks on your portfolio.

Buffett also talks about how Coca Cola and American Express are shining examples of great decisions he's made over the last 50 years. Those would make up 5% of the Berkshire portfolio while one bad investment might only make up 0.3%. (if, for example he purchased a high-grade 30-year bonds that didn't appreciate since 1990).

Make a few really great decisions and don't fret over the small stuff. When you make a big decision about what to invest in, take your time, be thorough and understand as much about that decision as possible. If you misstep, you will do so knowing that you did all in your power to make the best decision with the information you had... and your next decision will be that much better for it.

Bitcoin

Bitcoin is one of such decisions for me. It has returned vastly more money to myportfolio than any other decision I've made in the past 11 years that I've been investing.

I'm still a young investor and I have many more decisions to make. I've made pleny of bad decisions as well. The key to me is knowing that I am improving the quality of my decisions as I get older and gain more experience in the world of investing.

Right now, I am back to accumulating Bitcoin. I have been since we dipped below $30k back in May 2022 (1 year ago).

As I continue to accumulate more Bitcoin, I ask myself if this is a good decision or not. Is Bitcoin something I would hold for the next 60 years and expect a good profit?

My answer is a resounding yes. But it doesn't end there. More research, more thinking and constant re-evaluation lies ahead.

About LeoFinance

LeoFinance is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH and Polygon blockchains. Our flagship application: LeoFinance.io allows users and creators to engage & share micro and long-form content on the blockchain while earning cryptocurrency rewards.

Our mission is to democratize financial knowledge and access with Web3.

Twitter: https://twitter.com/FinanceLeo Discord: https://discord.gg/E4jePHe Whitepaper: https://whitepaper.leofinance.io

Our Hive Applications

Join Web3: https://leofinance.io/ Microblog on Hive: https://leofinance.io/threads LeoMobile (IOS): https://testflight.apple.com/join/cskYPK1a LeoMobile (Android): https://play.google.com/store/apps/details?id=io.leofi.mobile Delegate HIVE POWER: Earn 16% APR, Paid Daily. Currently @ 2.8M HP Hivestats: https://hivestats.io LeoDex: https://leodex.io LeoFi: https://leofi.io BSC HBD (bHBD): https://wleo.io/hbd-bsc/ BSC HIVE (bHIVE): https://wleo.io/hive-bsc/ Earn 50%+ APR on HIVE/HBD: https://cubdefi.com/farms

Web3 & DeFi

Web3 is about more than social media. It encompasses a personal revolution in financial awareness and data ownership. We've merged the two with our Social Apps and our DeFi Apps:

CubFinance (BSC): https://cubdefi.com PolyCUB (Polygon): https://polycub.com Multi-Token Bridge (Bridge HIVE, HBD, LEO): https://wleo.io

Posted Using LeoFinance Alpha