I guess this is mostly applicable to traders with relatively large capital base,for a small time trader with minimal capital I don't think this is quite plausible or sustainable even
I'll suggest scalp trading especially for committed traders with little capital,yes there are risks associated with it but with proper and in depth technical analysis,one can circumvent those risks and grow capital even to the point of engaging in long-term trading
The reason why we discuss different methods of investing in Bitcoin here is because there are both new investors and old investors. We all know that it is not advisable for someone new to go into trading bitcoin. This is because it takes a lot of time to learn and practice before becoming a successful trader.
As a new person in the crypto space, just mere looking at the chart was damn confusing and I never liked anything trading because I felt it was too complex and looked more of a gambling than any real time investment. Trading indeed is not for newbie but it's for the experience ones who still get some looses along their trading journey how much more a newbie.
Even if you're introducing someone to the industry, the best way to convince the person is to assure him that he can accumulate his bitcoin using the DCA method and don't necessarily need to be afraid of the volatile nature of bitcoin. I guess the reason why most people are afraid of anything related to bitcoin investment is that they think it's all about trading, and people hate experiencing looses so keying into it might seem deficit for them. Most people out their don't actually know that you can buy your bitcoin and HODL because most of the crypto guys out their on the internet where normally known as crypto traders. I mean, I know about trading Bitcoin before actually knowing about what Bitcoin his in itself.