Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Justbillywitt
on 17/05/2024, 22:02:39 UTC

Most people in Africa are struggling to own bitcoin, taking risks just to own bitcoin, because if you check the living conditions of masses, you will see the main reason why there is many adoption of bitcoin especially by their young citizens is because bitcoin is hope. Bitcoin has become the shinning light they can look up to for a brighter future and better everything around them, and improve their living conditions. People living below $50 monthly salary are still buying bitcoin and hodling for dear life.
Isn't it better for people like that who have a salary below $50 to collect money first before buying BTC. Or at least it is better to invest in trading with a short term. And if there is more profit from trading can be saved to meet the target, if you feel the target has been reached you will be ready to start long-term investment by buying BTC with the DCA method. Because if you push too hard it will be very risky, better slowly but surely,


Is there any guarantee that someone who invest his little money in short term trading, that the person will make profit? Trading is not for everyone and there are techniques to these things, anybody can wake up and make investment and Hodl for long, but it's not the same thing when it comes to trading, hence people like me that know little or nothing about Short time trading, will prefer a situation where I can invest my $5 and be assured that my $5 is safe and continue accumulating no matter how small it is. Unlike trading where we have advanced and highly skilled professionals who are patiently waiting for you to make the slight mistake so they can profit from your money. People with low funding should not be venturing into trading, because when you guess wrongly and lose your funds it will take you longer time to rise back. I will rather accumulate with the little I have than venturing into day trading.