Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
I_Anime
on 15/05/2024, 22:56:47 UTC
Trading is the worst option on how to increase his income. Trading is more of gambling and it is not advisable for any investor to see trading as a means to increase his bitcoin investment, because he will end up the opposite way and lose all that he have, which will lead to regret and frustration for him to continue his bitcoin journey. I don't know why newbies think that trading is very easy and you can double your bitcoin with trading, which is against this thread, and how will he gets his emergency funds through trading. . Trading are for short-term profits and that is why it does not suit into using it for long term strategy because you are always selling. What if you sell and you are unable to buy back cheaper, the little gain that you made becomes useless

That's true, Expecially those that are using Leverages, they are only putting their funds at risk honestly. Because if market price endup going to the other direction, they will only get themselves liquidated and same wasting some relevant resources, though alot of people do earn through trading , after passing through alot of losses and difficulties, during their processing of learning and gathering of knowledge on how trading works.

Because without proper knowledge going into trading is like you have decided to throw away your hard earn funds, because you are just only putting it at risk. That's why I don't usually recommend trading to anyone, instead is better to just accumulate and hodl, and when you gotten to your goal of accumulation you can take some  profit from your holding. Though it may take you to time before getting to a point of having enough Bitcoin, but still worth it because you know that no matter what you won't get liquidated and aslong is Bitcoin yah holding there won't be any need of panky . Wink