Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Barikui1
on 27/03/2024, 19:44:42 UTC
Plus it's also very important for the newbies to know that it's better to concentrate all of their capital on one asset that's NEVER going to go away, and that's Bitcoin. Those "traders" who buy and sell different altcoins/shitcoins will definitely have a harder time finding which narrative is the current one to "trade" because the market this cycle is VERY dispersed. There's simply more and more cryptocurrencies and tokens listed in more and more exchanges, centralized and decentralized, under different sectors.

Because it is so dispersed, I believe it might make many of them surge in smaller and shorter durations.

Traders can never be considered as an investor because they don't hold a particular asset for long because they are there moving their assets from exchange to exchange seeking for coin and shitcoin to buy that could possibly give them 2x 10x, and possibly 100x within the period of their investments. They don't care if bitcoin gets whatever amount what they think is the little profits they scratching up from their trade, and of course the best assets to hold is bitcoin currently they won't know what they are doing because they thought price of bitcoin could continue to be this cheaper as they think, and the best place to sink their capital is bitcoin.

I really don't think you get the clear picture of trading bro, when you talk about trading, you are definitely talking about the future market, which is totally different from buying, holding and selling when the coin you bought has appreciate, and that is the spot market, in the spot market you can't lose your money as long as you don't sell.

But the major issue most people are facing is that they are buying the wrong coin, some people even know that the best is Bitcoin, but they are going to tell you that their is not much profit in Bitcoin, forgetting that shit coin fall more than they rise, and when dealing with shit coin, you will eventually get burn at some point, but with Bitcoin, it's a win win situation as long as you are a long term holder.