Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Sayeds56
on 02/09/2023, 12:45:29 UTC
However as your holdings of Bitcoin grow and our goals evolve, other strategies such as buying on dips and lump sump buying start to appear more appealing.
I'm not necessarily endorsing any of these types of strategies, I'm more of a dollar cost averaging/long term holder kind of a guy, but if you do insist on gambling trading then you should be more careful. Maintain a unique strategy would be a good idea but when you think you want to adopt other kind of strategy because you feel your good at DCAing you might lose what you have accumulated for years.... ITS NOT ADVISABLE!
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Ultimately it is personnel choice of every individual to choose the strategy that suits his risk tolerance level and financial circumstances. While, your advice to be careful when exploring different investment strategies sounds good. However, investing in Bitcoin passively or aggressively is never akin to gambling. Over the long term, all investors who accumulated Bitcoin at various price levels, have fair chance to gain substantial profit.