Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Dimitri94
on 16/03/2023, 12:17:09 UTC
⭐ Merited by JayJuanGee (1)

I agree with you 100%, for a new comer it is like mission impossible. They need to figure out the amount to invest? what to invest in and for how long to invest for? and then they need to asses the risk as well. And once it all gets sorted than there comes all the expectations that they will make it BIG in the market.
So the wholesome idea is to plan your strategy, implement it and than brace yourself for the worst outcome. This way the expectations stay low and you avoid making hasty decisions.

The best method for newcomers who are interested to invest in crypto industry, is to utilizing Dollar cost average (DCA) for gradually accumulate Bitcoin and holding onto it for long term can be the most effective approach to maximizing profit . Day to day trading in Bitcoin is generally considered very risky, as Bitcoin is very volatile and highly unpredictable asset by its nature, unless you posses good technical skills to analyze charts to take informed entry and exit decisions. Additionally, to maintain good emotional control & employ risk/money management techniques is essential for successful trading.
Buy DIP, and HODL! for me is the classic term most used and suggested. Although buying dips and holding on to the asset for the long term can be a viable strategy for some investors. My view is simple, it is important to always see where the market is going and I am sure that anyone can become a winner with a record of being able to control their emotions because trading is a psychological game that stimulates one's emotions. adrenaline of trading.

Buy from the dip and hold these words contains a green signal. But some never find this word dip in their investment and some also find dips in a bullish trend. Emotions play a big role. Not everyone can buy from the dip. Currently the market is $24k but it is still dip for me and that's why I try to hold slowly as much as possible and some investors may think $30k will be also dip according to it's bullishness.