I think better strategy would be Buy the DIP, sell at local high, open short, HODL and sell at local low. Rinse and repeat. Indefinitely. Yes, it is easier said than done. But for me, it is easier after around 6 months of watch, learn, and execute.
You are basically talking like a fool, and like poor holders talking like that. You can usually reach the roots of others by using DCA techniques.
Those who have started using Bitcoin once are basically always updated, and ready to buy more and more. You notice that the current holders are basically invested in Bitcoin for the long term. Long term investment is the only useful one.
That might sound more easier said than done, the reason being that you have been in the market a little bit longer enough to understand the market conditions in as much as trading can devaste ones emotion which is not mostly advisable. However, the thread discussion is not really based on buying and selling but talks more about various strategies of buying and holding Bitcoin for long term, your narratives on the part I highlighted can become problematic considering the fact that there are newbies,(those that are still new in the system who may not have the psychology enough to approach trading and it can be misleading to those who are yet to know how to work there way out in the market,Yes anyone can do whatever they like,
but there is no way anyone should be advice to be trading Bitcoin let alone a newbie.I don’t understand what’s misleading on my statement. You are exaggerating my comment and consider
trading as risky even though we are talking about Bitcoin here.
I’m not suggesting anyone here to follow my strategy but I just share that I can do both since I have long term holdings that I purchased long long time ago in a form of physical coin loaded with Bitcoin while trading at the same time using my money I get from my job and business profit. There’s nothing wrong here, even newbie can do this. I’m not suggesting to do a risky trade that’s why I mention on my previous post if you are reading it completely that I don’t involve on futures trading. Just simple buy low and sell high on spot market is what I’m doing on my trade. There’s nothing risky with this approach.
To be clear, my intention is not to promote trading here, I just share my dual strategy base on my quoted discussion not for the general comment here.