Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Roseline492
on 16/10/2023, 09:27:01 UTC
⭐ Merited by JayJuanGee (1)
That sounds ideal, but when we say 'newbie,' we're referring to those who aren't very knowledgeable about the market. So, it's unlikely that they can make themselves profitable by taking advantage of market volatility. There may be a few who manage to be profitable, but I suggest that for newcomers, they should keep things simple, and that is to buy and hold.
Yeah  the best way for newbies to survive is through buy and hold but however the idea of getting the basic knowledge about Bitcoin will be very wise because investing on something you don't have any knowledge about is just like holding by based on speculation heard from people about Bitcoin but with the basic knowledge will serve you as a roadmap for Bitcoin by giving you the faith that in the near future Bitcoin will unveil it main potential.

I agree with you that newbies should keep things simple and avoid thinking about trading instead the main focus should be for accumulating and holding.