Obviously many seems to be battling with the potential difference between investing and trading of which some person's are still mistaking trading to be investing. The following gives certain comparison as to this regards.
Investing
1) investing is a long term and has a lower risk
2)investing requires fundamental knowledge
3)investing gives investors more time to make decisions that will yeild profit in the long run
4) investing means you are buying to hodl for a period of expecting a compounded value over time.
Trading
1)Trading is for a short term and has a higher risk
2) trading requires technically knowledge
3) in trading traders hurried in to make hasty and costly decisions based on market trends
4) trading means you are buying to sell for profit maximization within the shortest time frame.
Investment is been prioritize because it is more conservative and has lesser risk and that is the core value of the thread but as an individual the choice is yours whether to invest or trade, What is shared here advice.
From the point of the title of course buy on dips and hold.
In this case, of course there are various meanings in interpreting it. But the main point that I think is best is to continue making purchases and holding them for the long term. I wasn't too keen on trading as my biggest mistake was selling Btc holdings in the past. And that was the biggest mistake I ever made, so I am determined to correct past mistakes by re-accumulating Bitcoin which I prioritize for the long term and now I am in my second year of investing.
They can have whatever they want because the money is theirs and they decide it. Regardless the best advice is to buy on the dips and hold.
Many people who has invested in bitcoin in the early days, at one point or the other made one mistake or the other and later realized themselves. Yes bitcoin has performed more than many people thought it would do in the early days. There were those who got bitcoin when it was less than $10 and sold when they saw $100 thinking it was the highest it could do. Many bought at $100 and sold at $1000, these are mistakes that were common with the early investors. Though the awareness in bitcoin today wasn't that much back then. So instead of dwelling on our mistakes which we can't do anything about, it's just best we get a fresh start and see how far we go, because bitcoin hasn't really achchived it's full potentials in terms of pricing.