Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Odusko
on 09/05/2023, 22:35:38 UTC
⭐ Merited by JayJuanGee (1)

It sounds to me as if you are trying to sell some kind of a trading package, and the vast majority of longer term HODLers in bitcoin do way better by erroring on the side of buying and accumulating rather than trading.
Long term holding far more better and less risky, compared to trading, which is why i spend more time on reading Bitcoin speculative comments rathers to look for a trading package, because, by accumulating Bitcoin consistently I will arrive.at my financial goals easily and securely but unlike trading which is a gamble, one can lose everything at some point so i will rather hold for the long term rather than to risk everything trying to catch in on short-term trading gains.

Yeah, sure it is possible to be profitable with trading and it is even more likely that positions can be bolstered by attempting to buy more when the BTC price is down; however, it was more likely that normies are going to do way worse in their BTC accumulation (and therefore future profits) if they fuck around with trading... beyond maybe some minor attempts to buy more during dip periods...and erroring on the side of mostly just regular and persistent buying and accumulating of BTC and increasing their wealth (or likely wealth) through such ongoing, regular and persistent accumulating/buying efforts.
I think buying more Bitcoin during a dip period shouldn't be considered as trading, even though that is what it is in practice, but also since accumulation is done occasionally, it cant be referred to as passive trading since a buyer may not even take note or try to take advantage of any leverage, all a holder does is to make a new purchase at internal unlike like passive traders, who are engaged with the market constantly and this activity reflect the activeness in day to day trading.