Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
I_Anime
on 13/03/2024, 20:42:11 UTC
If your income is low then trading is an Even worse option cause you might end up losing every thing to one wrong prediction, and trying to mix up trading and investing in bitcoin would not be advisable cause you would definitely find your self in situations where you need to compromise one to better the other and in most cases you would chose to trade over buying bitcoin cause it offers more quick profits than bitcoin. And trading at times can lead to addictive habits of always wanting to trade to cover up loses that has been made or even to get money to do other things, to be sincere i dont think trading and investing are compatible cause one involves long term thinking and the other is quite short term and you need different mentality to be successful doing both.
mate you are on the right track , just as they say those with less cash flow are always greedy when come to trading. With the crazy mindset of getting rich pretty quick which will cause them to engage with trading with leverages ( recklessly) and endup getting rekt. Wasting the little funds they had , instead of making good use of that funds by investing in Bitcoin. For instance like the time I started trading someone else started his bitcoin accumulation journey with the plan of holding for long . So compare such person to me that  lose alot during trading, so if the individual was patient enough to hold till now imagine the profit he as made now in his portfolio . One thing we should know something that have the potential to make you rich overnight ( like gambling funds) also has the potential to make you poor overnight, due to the risks attached to It but when you actually investing in Bitcoin, and you know that bitcoin ain't a get rich quick scheme , but when you're consistent with your accumulation and same time holding you would be able to secure a mature portfolio that will yield good profit in a long run.