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 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.
FTFY.. Fuck shitcoins.
[edited out]
Yes, There are many ways that this can be done as you mentioned it is also true there is a market correction which is definitely always an option for the savvy as the cryptocurrency market can be very volatile with significant risks.Why are you talking about shitcoins?
We are talking about bitcoin here.
Are you able to use the word.. "bitcoin"
Repeat after me:
"b.... i..... .t.......................c.........o.....i.........n"
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.
Whether you buy the dip, or you DCA.. or you HODL ... or you do some variation of that, if your investment timeline is 4-10 years or longer, you are likely coming across more cash during that time and you are likely witnessing a decent amount of BTC price volatility along the way.. so yeah, if you are able to figure out when and where the dips are, then you are likely going to be better off by being able to time the buying of BTC during the various dips.. yet it seems to me that figuring out the dips and getting it right is not an easy task, so any of us who are in bitcoin for a decent amount of time and are continuing to add to our position with the passage of time, we are likely going to realize that sometimes we are just throwing up our hands and just sucking it up.. and buying at whatever price because we are having difficulties figuring out whether the BTC price is going to dip more and also we might well be able to see that we are accumulating cash with the passage of time and we would rather store some of that cash in bitcoin rather than continuing to hold it in cash and waiting for a dip that may or may not come.