They also forget to use Bitcoin as a benchmark from where the value of their capital is based from? Why? Because if a "trader" can't outperform Bitcoin, then why be a "trader"? Simply be a HODLer and try add units in your capital in Bitcoin by buying the DIP and/or DCA.
They are in belief that being a trader is the way to riches but they don't realize that it's the hardest path and we've got some easiest strategy and that's effortless through DCA.
Being a holder and just adding up more bitcoins by having buying is what they just have to realize that they'd able to see why we keep on telling and suggesting people to do it.
No need to get into the battle of hassle with other traders when you can HODL and DCA.
Trading may be a dangerous route to wealth, particularly in the unpredictable world of bitcoin. While some traders may strike it rich, many others will be left holding the bags.
The DCA technique provides a much smoother path to success. By investing a certain amount of money at regular intervals, irrespective of the market's ups and downs, you will gradually construct a strong portfolio that will stand the test of time. It's a straightforward and stress-free technique that doesn't require any market timing or complex trading strategies.
So, why risk losing money in the trading game when you can sit back, relax, and let the power of DCA do all the heavy lifting for you, relieving you of the worry of trying to time the market or finding the optimum time to make your investment?
The power of DCA is similar to having your own personal savings superhero! By investing a set amount of money in Bitcoin on a regular basis, you can benefit from the market's volatility. Over time, you'll end up buying more Bitcoin when the price is low and less when the price is high, balancing the costs and allowing you to develop a robust portfolio without having to worry about timing the market.
They also forget to use Bitcoin as a benchmark from where the value of their capital is based from? Why? Because if a "trader" can't outperform Bitcoin, then why be a "trader"? Simply be a HODLer and try add units in your capital in Bitcoin by buying the DIP and/or DCA.
They are in belief that being a trader is the way to riches but they don't realize that it's the hardest path and we've got some easiest strategy and that's effortless through DCA.
Being a holder and just adding up more bitcoins by having buying is what they just have to realize that they'd able to see why we keep on telling and suggesting people to do it.
No need to get into the battle of hassle with other traders when you can HODL and DCA.
It cannot be denied that buying and holding bitcoins is the safest way to invest in bitcoins, but for those with the ability and skills to trade, trading to increase the amount of bitcoins is not so bad. Just because we can't win at trading doesn't mean everyone is like us. I have a friend who makes a living as a day trader and so far he's been fine. It can be said that everyone has different skills, so we should know who we are and what our strengths are so that we can make appropriate choices that bring the best benefits to us. Don't imitate others just because they are successful that way, each person has a different path to success.
Absolutely! Not everyone is cut from the same cloth when it comes to investing, and that's fine. Some people are natural traders, able to navigate the market's ups and downs and come out on top. But, let's be honest, trading is a high-risk game that may quickly result in tears if you don't know what you're doing.
The majority of people believe that purchasing and holding Bitcoin, typically referred to as "HODLing," is the safest and most trustworthy method. It may not be as thrilling as trading, but it's a good strategy to build up your Bitcoin holdings over time.
Investing in Bitcoin is similar to playing chess: there are various approaches you can choose from, and the one that works best for you is determined by your individual talents and risk tolerance.
If you're an inexperienced investor, the buy-and-hold approach is a good pawn move. It may not be glamorous, but it is a consistent strategy to grow your Bitcoin holdings over time. And, let's be honest, not everyone has the knowledge or risk tolerance to be a day trader or swing trader—those are more akin to the queen, a powerful piece that demands ability and strategy to use well.
They also forget to use Bitcoin as a benchmark from where the value of their capital is based from? Why? Because if a "trader" can't outperform Bitcoin, then why be a "trader"? Simply be a HODLer and try add units in your capital in Bitcoin by buying the DIP and/or DCA.
They are in belief that being a trader is the way to riches but they don't realize that it's the hardest path and we've got some easiest strategy and that's effortless through DCA.
Being a holder and just adding up more bitcoins by having buying is what they just have to realize that they'd able to see why we keep on telling and suggesting people to do it.
No need to get into the battle of hassle with other traders when you can HODL and DCA.
Many people will leave the most important part out of the sentence, which is being the BEST top 10% of active traders. Believing that merely becoming "a trader" as a pleb with low capital would be enough. Plus if a person is a profitable trader, but his/her profit is just 15% better than Bitcoin, would it truly be worth the stress and anxiety? It probably will be for people who do not value their mental sanity and time outside of cryptocurrency trading. But if you ask me, outperforming Bitcoin by a mere 15% is disappointing in my opinion.
You hit the nail on the head! Becoming a successful trader is more than just deciding to trade; it's about being in the top 10% of traders, which is no simple accomplishment. And even if you manage to outperform Bitcoin, is it really worth the stress and anxiety if you only see a 15% return?
Let's be honest: the majority of traders will wind up with less Bitcoin in their pockets than if they simply HODL'd. And if you're someone who values his mental health and is still considering trading, then you're not doing yourself any good, because trading comes with a lot of mental stress, which isn't ideal for someone who values his mental health. so rather than putting yourself through all that pressure, why not just HODL and save yourself all the trouble.