Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
ginsan
on 20/01/2024, 20:48:40 UTC
⭐ Merited by JayJuanGee (1)
Long-term investment has always been more profitable than spot trading, because the two are very different jobs so the level of profit is never the same. Everyone can see that investors who invest in the long term always buy more often than sell, while traders who rely on spot always balance between buying and selling because they don't plan for the long term like investors have done so far. Currently, I am still quite happy using the DCA strategy if I want to buy something on the market because it is a strategy that has been very commonly used by many investors for a long time.
Buy and hold it will make you have greater success in the future or the next 10 years. Long-term investments are more popular with those who really focus on their life savings for old age. Before Bitcoin, people used to invest for their old age by buying gold, but for the current era which has developed or rather the modern era, of course they will  focus more on their investment in Bitcoin. Surveys even show that the percentage of people aged 40 and over are starting to show their interest in making Bitcoin an investment for their old age and you can read that in this article https://www.stilt.com/blog/2021/03/vast-majority-crypto-buyers-millennials-gen-z/

In my opinion, long-term investment in bitcoin can yield greater ROI than those who trade daily. For this reason, our mission is long term and every month we set aside our income to buy Bitcoin. Bitcoin has a limited supply so it is not surprising that currently large companies are starting to buy more BTC for them to store. So we don't back down to them, that is, we stick to our position of buying Bitcoin and holding it for the long term.