Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
michellee
on 26/02/2024, 04:11:34 UTC
One of the beauty of investing in bitcoin and holding it (for long-term) . Is that you don't need much knowledge nor skills to start accumulating. To that of trading (because before thinking of trading there's alot knowledge required), But in holding you just need the basic knowledge then you can start your bitcoin accummulating Journey. Afterwards you can start learning way you could secure your asset by using  non custodial wallet and knowing the principal on how to secure and healthy Bitcoin investment.
Investing in Bitcoin doesn't require as much knowledge and much skills as trading. If someone uses the DCA method to invest, he doesn't have to confuse it with the ups and downs of the price. He only needs to focus on the investment time to buy Bitcoin.

In trading, he needs to learn many things, including analysis of the market. Learning about trading will not stop because the market is always moving. That needs time before someone can familiarize with using the indicator, and he needs always to learn to improve his skills.

Using the DCA method, someone can accumulate his Bitcoin by buying Bitcoin at any price, and that can lower his average buying price. Learning about securing Bitcoin is important because that is the way he can save Bitcoin in the right wallet to be a safe place.