Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
DaNNy001
on 29/10/2023, 06:03:02 UTC
⭐ Merited by JayJuanGee (1)

I cannot disagree with you on this point, and some investors will be lured into thinking that they need to trade - which an overwhelming number of people do not have very good trading skills, and there might even be too much luck involved with trading so that in order to make trading into a skill rather than luck, there has to be quite a bit of planning that goes into the positions that are taken.. .. .. but at the same time, there could be some ways to sell small amounts on the way up to offset inclinations of trading, but another way might be to just shave back on some of the accumulation during high price rises in order to use that money that otherwise had been invested into bitcoin to either buy on dips or to just let it build up in order to not feel so compelled to sell the BTC that is held and might be going up quite a bit in value and even fluctuating a lot in value, but if someone has a decent amount of cash (or other kind of value on the side that is not fluctuating as much as the bitcoin price, there could be some assurance in having that option on the side).
When it comes to Bitcoin investment, just like the title of topic implies it's just best to "buy the dip and hodl", this is far better than thinking you could accumulate through trading which is luck base like you have already stated. Sometimes the availability of funds or finance is a major problem and also goes with impatient, many Bitcoin investor are mislead by the false stories about how trading is easy and actually try to venture into it by thinking they can get some Bitcoin added through this means to their investment but believe me it's not as easy as they make it seem in the ads and commercials and I Know this through the hard way(lost some coins).

If anyone actually want to be successful then keeping a strict mind about their investment would go a long and also knowing exactly when the market favours you so you can buy more (during dips) because you get more Bitcoin when you buy during dips or you can just go with weekly accumulating and most importantly never use funds that you know will affect you, thereby making you temper you Bitcoin investment.