Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
michellee
on 21/01/2024, 06:19:49 UTC
trading is actually good when it comes to making short term profiting, but not everyone can just dive into trading just like that without any proper proper researching or risk management. You need time to learn more about trading before diving into it, while holding on the other hand don't actually require such skills or time. You just need to make research on the right coin to hold but bitcoin as made that easy because is the best coin, especially when it's comes to holding (long-term investment) is not as risky as other coins. I do trade but still prefer holding.
Bitcoin is the most popular among the cryptocurrency market. Bitcoin is now known by people all over the world. Bitcoin is slowly gaining ground among people all over the world. We will be wrong to compare it with other coin trading. Because I know, investing in Bitcoin is completely safe.  But to invest in Bitcoin you have to wait a long time to get profit after investing. So far I have never faced any loss by investing in Bitcoin and hope not in the future. To me Bitcoin is very popular and I believe in Bitcoin that's why I invest in Bitcoin most of the time.
Moreover, with the ETF approval yesterday, Bitcoin will become increasingly well known among entrepreneurs and business people. They will see how much potential profit they can get from Bitcoin. Investing in Bitcoin is for the long term and it gives you peace of mind because you don't have to deal with price changes.

You only need to hold Bitcoin until the limit you determine to sell the Bitcoin. Many people have held Bitcoin for a long time and cashed out at the right time. These people can take advantage of the potential profits from Bitcoin. We can also be like them but must learn more about becoming a strong Bitcoin holder.

While people can make short and medium term profits from trading Bitcoin, they can also make huge profits if they accumulate a lot of Bitcoin. They must be able to store their Bitcoins for the long term to maximize profits.