Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Mr.suevie
on 06/02/2024, 18:45:36 UTC
so perhaps is very important to be able to distinguish between investment through DCA and holding because they are actually two different things and however most people believe that since almost everyone that intend holding uses DCA for accumulation they assume that holding is the same thing as DCA because even me I was thinking the same way until I realized they are not the same.
Holding is obviously not the same as investing using DCA methods, it's even better to compare holding to trading because that's where people normally make mistake from but comparing holding to the DCA methods of bitcoin accumulation is just same as saying that winning the world cup is just same as participating in the world cup tournament.
I think you are getting it all wrong because even if holding is not what DCA is based on but however you cannot assume holding to be the same as trading because is obviously two different things because just as there names implies, when we talk about holding you are actually referring to long time holding while trading is about buying and selling when the market is on the favourable side for you, so you can see there difference but however the purpose of this thread is basically for buying and holding of Bitcoin, so let's not misunderstood holding because it has nothing to do with trading whatsoever.
Anything utter from the main purpose of this thread which is to buy Bitcoin and HODL it can make someone go astray especially when that person is a newbie in the Bitcoin community, everytime I give myself opportunity to read through this thread am suprised to see how people will still think of chosing trading over HODLing because that's same thing as saying gambling can make you rich overtime because that's the same way I see people trying to relate Bitcoin investment to trading.