Post
Topic
Board Speculation
Merits 2 from 2 users
Re: Buy the DIP, and HODL!
by
BABY SHOES
on 03/11/2023, 00:59:10 UTC
⭐ Merited by JayJuanGee (1) ,ginsan (1)
Bitcoin investors do not need the technical analysis in Bitcoin when they want to invest in Bitcoin, the important thing that a Bitcoin investor needs most is just a good strategy and an amount he/she can invest daily, weekly or monthly.
Hodling Bitcoin for the long term is not the same as trading it. If your main goal is to hold onto and gather as much Bitcoin as you can, learning about the technical analysis of Bitcoin might not be necessary. It's not a bad thing to learn, but it might make it challenging to save and hold onto your Bitcoin for a long time if you're constantly using your funds to trade, and trading involves risks with no guaranteed profits. Someone investing in Bitcoin should focus on securing their funds as that's the most important thing every Bitcoin investor should understand.

The image has shown the difference between a trader and a holder.
If you are a trader you will go through many obstacles that are so heavy to reach the peak of profit, while those who hold will continue to walk a straight path.


The difference in technical analysis for a trade, so complicated that you have to understand a lot of patterns that are needed, so the difference is very far with HODL, because by holding you will not have such heavy psychological pressure because of thinking about tenical analysis.

All image sources

When you HODL for a long time with more than 5 years then storage is very important, especially in storing seed phrases must be careful, it is better to check on a scale so that your bitcoin remains safe in your personal wallet.