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.
Yeah yah damn right , Trading with emotion can take a toll on your mental health, back then when was still basing in trading , my trading section normally determine my mood of that day either causing anxiety, fear, frustration. But ever since being holding bitcoin I don't actually feel more stress or show any signs of panicky, because I know that is bitcoin am holding not some shit coin . Because any time bitcoin undergo decrease in value it always bounce back stronger . So there's no need to show any fear , and one criteria of being an investor is to be ready for any thing.
The truth is that majority has failed to recognize the long term potential that Bitcoin holds, they are carried away by short term profits which can not in any way be compare with the substantial benefit of long term Bitcoin investment where you will have the compounded value of your investment over time, Bitcoin investment is best for long term perspective and not for short term trading, Bitcoin is also known as a store of value and wealth for future generation. Trading is very complex even to old and experience one and there is much emotional devastation monitoring the market movement making it very risky but with your dca in long term investment you have the peace of mind needed to grow your [/quote] Due to greed most people don't have fixed mind in long-term investment, all they care about is the amount they can make instantly, leading most of them to start gambling with their funds in the name of short-term investments, and engaging short-term investments at time like this can be more risky, like the first time bitcoin hit $70k first its new ATH after the previous one which is years back . Bitcoin did correction to the price range of $59k and am pretty sure that most people that did short-term trading endup selling in losses. Well some to added leverages would endup liquidating themselves. But those that are HODL didn't show any panick or fear those that are still accumulating kept their accumulation going. Now look at the price now is around $72k . And there's still chances of bitcoin hitting $80k and above before the halving .
I will not want to encourage anyone to trade Bitcoin, it most times don't end well and make people have bad things to say about bitcoin. As we are discussing how to hold for long time, discussing trading of bitcoin here might be out of place. There is a proper section for trading and that place is agoge with different trading strategies that can be used to supposedly increase the Bitcoin.[/Quote] I don't see the extends of one trading with their bitcoin while they could just hodl . One to be able to master trading it take alot of time and skills, too while come to investing ones you understand the basic and you acquired a good noncustodial wallet yah good to go.