Post
Topic
Board Bitcoin Discussion
Re: The difference between gamblers and real Bitcoin investors?
by
taufik123
on 24/05/2024, 23:49:00 UTC
Okay... Hold on a second - what do you mean "waiting"? Like running weekly/extension trades? Or HODLing Bitcoin? If it's the former, it'd require a whole lot of skills and experiences and huge capital base to set up a weekly trade that'll run on losses for as long as 3 to 4 days, before ushering in the profits. You also gotta be skilful with your stoploss and take profit option.
-snip-
I like these types of people, only working 8 hours to monitor the market and know when to enter to buy more and when to exit when the highest price is reached (Main target).

Long-term buying and holding does not require extensive technical skills, just using basic trading skills is enough to get started.
But financial management is very necessary to do, because this will be directly related to DCA,
purchases that will be made gradually when prices continue to fall or at a predetermined time.

Those who continue to buy from $19k will certainly gain a lot of advantages over trading directly and have greater risk.
It does not have too much psychological burden because the price target has not been reached, and backup funds are still available.

But will it always be the best?
Of course, this is not the case, because some panicked people will only sell all their holdings when they can't manage everything.

People who are impressed to do the act of gambling, usually get stuck because of FOMO and then sell when the price continues to fall,
they also do not know how to do market analysis and only rely on guesses alone.