Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Frankolala
on 27/11/2023, 18:35:51 UTC
As an investor you need to have an alternative source of income to support  your investment and your
Livelihood  if not it will be very difficult to continue because of the challenges you have to pass through and the time your business will mature .

Should in case of those that don't have other things they do that earn them extra money, they can always make use of the opportunity in learning about bitcoin trading, make this and maximize the opportunity in it for your daily or weekly income while your other Investment for a long period of time should still be under hodl in your wallet.
Trading shouldn't be the best option that one should see as a means to make daily or weekly profit because it is a high skilled practice and for one to be a professional trader it can take you a very long time to learn all that it takes to be a professional trader. And you should also take note that even though you are a professional trader, it is a guarantee that you will make profit everyday because even professional traders run at loss. Moreover, learning trading will distract you from thinking of other means that are easier for you to use to increase your income.

It is easy said than done, because a lot of people have decided to go down the road of using trading to increase their bitcoin portfolio and they ended up in regrets because it went the opposite side and that is why I will never recommend trading to newbies because they will end up messing everything up and possible not been able to accumulate more bitcoin, which has gone against their goal. It is better that you look for an extra means of income, like getting a second job, or trim down your expenses and use only the amount that you can afford to lose, so that you don't end up making drastic decisions that will be a blunder to your long term bitcoin accumulation strategy. It is better to be a low coiner than involving yourself in practice that is very risky and might lead to great loss.