Re: Buy the DIP, and HODL!

That where those days I was new to this crypto space, didn't have much knowledge on how things work back then all I thought was that one's it's low you buy and sell when it's high unknowingly to me was just spot trading. It's actually course me alot of losses.
Have to take my time to understand how things work In this space and this forum had also help with that. Now I'm now using DCA strategies and I'm now the long-term investment type Grin

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.

Even though long-term investing is likely to be more profitable for more than 90% of normal people, there are people who are able to make more by trading.

There are a lot of hurdles, and surely one of the problems is to be in and out of an investment, especially something like bitcoin, and if you are out at the wrong time, it could end up wiping out all of your profits, even if you might still be profitable in dollars, you might end up missing out on a step up that never comes back down (so you lose compounding effects).

Of course, we are not talking about trading in this thread, but it is not always going to earn less, but it seems to be quite problematic to even be attempting to trade something like bitcoin which is amongst the best of investments available (if not the best), and then some guys are dicking around trying to trade it, like they are playing with dynamite, and sure it might end up working out, but does not seem to be the kind of asset that a guy should be playing with.

One of the reasons on why i have decided to make some active trades on which this is far more profitable than on just simply holding. Its impossible that you wont really be able to see and realize that stuff.

I believe it is a wrong mindset to think about selling bitcoin or trading bitcoin because it is more profitable, especially for guys in the earliest of BTC accumulation stages, and I think since our emphasis in this thread is to buy and hold and does not involve selling, so therefore, the idea is accumulation of BTC rather than trying to second guess anything in regards to BTC profitability that might come from any conduct that is other than buying and accumulating BTC.

Yeah that's true because I notice that one of the challenges most starters normally have on there investment journey is always looking for a possible ways to make profits so perhaps just like you have advise every investors especially the starters should totally remove there mindset of any possible way they feel they can take advantage of the market because they may likely end up regretting there decision.

Actually one of things that affect most investors is greed of always wanting to use one stone to kill two birds without knowing that they could end up not getting anyone at all, however there was this new beginner who started accumulating Bitcoin so when saw someone who sold his Bitcoin and bought again he feels that he could actually do the same without realizing that is gonna be his greatest mistake so after he sold his Bitcoin he never had the chance again to Buy it back. So the best way is to remove any negative mindset that will influence them to act that way.