Post
Topic
Board Trading Discussion
Re: Why Not Just Buy BTC?
by
Mauser
on 08/07/2023, 07:41:45 UTC
I've seen over one dozen websites believing that BTC will skyrocket in the upcoming years.
The platform I use is Coinbase.
I'm thinking of just buying BTC-USD and just leaving it be.
Any thoughts on this strategy?



That is a very good strategy and if you don't have so much free time to trade actively it's the best approach for you. The so called HODL strategy has been one of the most profitable strategies since the launch of Bitcoin. The long term trend of Bitcoins is still upwards and any holder is going to profit from it. Without the need to constantly buy and sell our positions we also save on transaction fees. If you don't hold any Bitcoin yet I would definitely recommend you buy some coins today and just leave them for now. In case you are looking for more active trading opportunities I would recommend you look at the alt coin market and pick a few less popular coins to trade on the side. Then you can use any future profits to buy more bitcoins and grow you crypto portfolio. Or if you only want to focus on Bitcoins, then split your coins into two wallets. Make one longterm storage wallet where you keep 80% of your coins, and use another wallet for active trading with the remaining 20%. Here again you can active trades depending on the time you have and any profits you should keep adding to your HODL wallet.