Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Hewlet
on 30/01/2024, 06:50:27 UTC
⭐ Merited by JayJuanGee (1)
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.
the truth is that the choice on your investment choice is totally dependent on how you got your knowledge of Bitcoin from and what people around you are actually doing. To be honest, the first thing I knew about anything Bitcoin was related to bitcoin trading and if not that I'm following discussion in the forum that now opens my eyes to just HODLing which is less risky compared to trading the only thing I would have known would have just been trading.

My roomie ones told me that he knows that I'm into Bitcoin but hasn't seen those charts on phone and I just laughed and asked if that's all he knows about bitcoin. The truth is that majority of people hard their initial knowledge on bitcoin trading and do most of them started their bitcoin journey as traders and so regardless of the loss that might come as a result of the trading, they wouldn't see HODLing as a better alternative.