Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
michellee
on 08/01/2024, 13:58:33 UTC
Wether investment is for the short term or long time, Bitcoin investment should be the goal and not any compromise. No investor invest with the sole purpose of losing money, sometimes it could be that they lack the right knowledge and understanding about Bitcoin and possible consequences that their actions will result to. It could be that those who do this are people who were recently introduced into crypto currency trading and investment without proper guidance or adequate knowledge. Some people just want to dive into something because they heard that it's profitable without knowing the underlying risks.
Before people start investing in Bitcoin, they should learn about it first. They don't need to immediately decide to invest in Bitcoin, especially if they don't know how. Most people rush into investing in Bitcoin, so many of them panic when things don't go according to their wishes.

Although investing in Bitcoin can be used for the short term, many people realize they can make huge profits if they hold for a long time. The profits will be greater than in the short term and they can also use their time to accumulate more Bitcoins.

But whatever time they choose, make sure they study it first so they don't make the wrong move. And only use money they can afford to invest in Bitcoin. Many people use the all-in method, which is not recommended due to a lack of knowledge about investing in Bitcoin.