Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
armanda90
on 02/11/2023, 23:10:57 UTC
You are deviating from investing and talking about trading. Bitcoin investment don't need any technical analysis because what you should do as a beginner, is just to buy your bitcoin, hodli and keep on accumulating more bitcoin through DCA regularly. Trading is the opposite to investment, this is because a trader is not ready to take time to grow his bitcoin investment portfolio for a very long period of time, rather they prefer to find all means to sell their bitcoin that would have given them a good amount of profit of they have hodli. It is easy to invest and your profit will be certain in the long term. The volatile nature of bitcoin makes it profitable for long term investors and makes short term investors to miss out due to greed. I will like you to see bitcoin long term investment as a pratical action of you only putting little part of money in your saving box everytime that you get paid, and continue with this action for 10yrs. You will be surprised with how much that you have gathered over the long period of time. It is this same way that investing in bitcoin for a long term is. You don't care about whatever anyone is saying but you are always buying bitcoin when you have money.
Its most important thing and all trader have this mindset, buy or accumulate bitcoin then hold it without think of what technical adopted and have used DCA or not when investing in bitcoin. Some people still worry when investing or want to accumulate their assets in bitcoin have to use some technical and waiting when bitcoin have been in the dip price, but when great opportunity coming with bitcoin have lower price they are worrying for spending money to buy bitcoin or keep accumulate.


When have long term planning for investing in bitcoin there are not necessary with technical required and most important with our decision want to invest or not, just try with weekly or monthly for investing in bitcoin keep it consistency if want to be long term investment. Change the mindset of saving money right now exactly with some parent have prepare budget for their children cost education by joining insurance with spending more than 100$ each months, better put it and hold it in bitcoin than selling several years later when their children need cost for education and stop bad ideas with participating with insurance.