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.
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.
You already supported the fact that buying and holding bitcoin is the safest way to invest in Bitcoin, why will you jettison the safest way for some risky way with promise of huge gains that is not even guaranteed? It is not the best way to go about investing in bitcoin. I started as a trader so I know how tricky it can be even to those who think they have mastered the skills. More often than not, people end of losing their entire assets to trading when they were hoping to make major wins. Therefore, buying bitcoin and holding is the best approach.
Buying and holding Bitcoin for the long term was already proven and tested, and as far as I can see, it is very favorable for rich people, and there are large companies and several businesses. Especially for people who want a big ROI on their capital.
Now if there are ordinary people who are in the middle class who save bitcoin via dca, they will also experience earnings in the end, but it won't give them much profit because they won't be able to handle that much, but they are sure that they will get profit from their holdings.
The long and short answer is .. yes. I can only explain what I do in my personal portfolio. I believe less is more, I am a growth investor .. I own seven stocks and seven crypto, I consider my portfolio almost complete.
… less stocks, none of them paying dividends allows
My crypto holdings are for more than long term, I never plan to sell unless a need arises .. we are talking years. I hold BTC, . and my largest holding of tens BTC in my wallet . Yes!! … I believe in BTC .. long term .. it “will” moon just like I believe BTC seven year ago that will eventually become a three digit value equity far beyond contemporary expectations. I have reasons for this belief.
.. earlier I said my portfolio is “almost” complete, I leave space in the ultra-condensed 14 item portfolio for one (or two) yet to be decided additional cryptos .. I also keep buying bitcoin ready on the sidelines for this yet to be decided purchase. You are correct, when I see one that I expect to 10x, I will trigger the buy and my list will complete at 15 or 16 holdings .. seven equities + seven (plus one or two cryptos.)
Crypto is a utility product, it is also heavily dependent on pumps .. yet, long term the new era will greatly reward those with diamond hands, in other words, paper handing and crypto cannot and will not work. Trying to predict tops and bottoms is futile.
… volatile equities with no dividends, growth, high risk held long term will reward those who follow this path, .. guaranteed, … but only if you ‘hodl.’
.. you cannot chase a 10x move, you research and then you make your selection and buy in quantity, .. and hold i.e. ‘hodl’ .. it does not happen overnight but the upward move finds you, .. most often on a day when you least expect it.