Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Ryu_Ar1
on 19/05/2024, 19:56:48 UTC
So if you really want to be comfortable then just set it for investment without having to think again to be used as trading especially if we don't understand the trading scheme because in the end it can be like gambling where you only guess according to your instincts.
I wouldn’t advise a person who lacks understanding of trading to think of channeling their investment funds into trading because of the risk involved, trading has higher percentage of risk than Investing and holding and also trading carries more work load than investing because there are lots of things to be learned and understood before one starts trading and even after having the required knowledge the risk is only reduced and still not equal to or less than that of investing. Trading requires practice to perfect to some extent and to achieve this takes lots of time and effort and at the end success is not still not guaranteed. This is why beginners are advised to accumulate  bitcoin to hold instead of trading.

Actually, this should not be suggested because we are here to support each other (remind each other) not to bring each other down by pushing someone into a more difficult situation. I'm not going to say trading is a mistake because that would offend a lot of traders but at the end of the day we also need to believe that something like this cannot be used by everyone without a lot of courage and the science of trading is very difficult so for lazy people like me, I would rather avoid this because the risk is definitely not bearable.

In addition, for beginners also should not be here just for trial and error because it is not a suitable thing to try without a clear approach to something because when only relying on instinct alone it is not trading but gambling so it would be better for beginners to learn investment well first because in addition to the risk is much safer this will also not make our money disappear suddenly exposed to liquidation because it is in the wrong position.