Re: Buy the DIP, and HODL!

actually of a truth each investors is entitled to there investment decisions but however that doesn't mean that trading is the best option for them because is actually not advisable, however I still wonder why most people always prefer trading instead of long time holding, perhaps it could be there perception on trading because I no of someone that just venture into Bitcoin only because he has the orientation that he could make a lot of money through Bitcoin trading so he was propelled to venture into it thinking that it will works the way he imagine it to be and now he has lost half of his money chasing Bitcoin price movement, so perhaps if most investors especially the new ones on Bitcoin investment will be able to remove the spirit of greed and focus only on the future of Bitcoin there is every possibility that they will surely do well on there investment journey.

People with misunderstanding, these are different things altogether, the difference is like indulging in an activity that does not guarantee a 100% assurance of making money through it, though I see people that trade as though they are into it to make fast money, to me there is no short cut in bitcoin investment profit, most times when you think that you want to outsmart the market, you will end up being outshined by what ever tricks you use, bitcoin investment is meant for people with the spirit of perseverance and patience that's why hodling was introduced, why bitcoin has not collapse is because of the holding system, the premature sellers were bridged with this process, the future and continues existence of bitcoin depends on the hodlers that's why hodling will never go into extinction, people with long term holding mindset always smile whenever the time is ripped.

I have actually met someone that said that holding Bitcoin is like keeping money dormant instead of putting it to profitable use. In his mind, trading Bitcoin is the fastest way to make good money and he was fully committed to getting the skills needed to make a kill off Bitcoin trading as he has seen the lifestyle of successful Bitcoin traders. I latter found out he has been following some self acclaimed successful Bitcoin traders on social media. I have actually seen a lot of them and the make trading appear to be a shortcut to wealth and will never tell you the real truth about it. So I have long discountenanced them and anyone who flaunt wealth claimed to have been made from trading Bitcoin because that is not the path I chose for myself. It may work for them but I'm not ready to gambling with something as important as my hard-earned money.

Trading Bitcoin to me doesn't seem like gamble though it's risky but sometimes if you follow the right signals and watch the activities of coins in market cap. closely them you can actually make some profits from it just that the profit wouldn't be that much and people who trade Bitcoins are are only interested in the short term profit rather than being patient and enjoy a long term gain but however, every investor is entitled to how they actually want their investments to go so sometimes they do make profits from trading bitcoins.

Every system of investment is risky and it is important not to invest or trade with emotions as one need to be focused regardless of what the outcome of your investments may turn out to be. Trading Bitcoin isn't that bad if actually one can follow some basic trading ethics and principles then you can actually makes some cool profits from it though buying and holdling is still the best option because you're in control of your bitcoin and for now the main purpose of inventing Bitcoin is to acquire it in our individual portfolio and hold it till it attains it's highest ATH then you can decide what to do with it.