Quote from: Vinaa77 on Today at 08:39:39 AM

Quote from: laijsica on Today at 07:10:55 AM

Quote from: lombok on May 27, 2024, 11:56:29 PM

Sometimes new traders still find it difficult to carry out plans like that because usually they still use trading money from the money they use for their living needs so that when they are trapped at high prices they feel depressed and sometimes also consider cryptocurrency trading as gambling. As new traders they must get proper guidance.

Short-term trading has multiple psychological and socio-economic risks that will only increase over time as inflationary pressures add urgency. Every negative pressure can create a hindrance in your investment and even cause a downward trend in value which brings more depression. By well planned DCA management and long term investment in Bitcoin is a profitable system with high risk reduction. Many may think of starting their investment a bit late to buy on dips but Bitcoin tends to rise over time. New investors must DCA their deposit plan and have the necessary arrangements to manage for the long term. New investors can do more study in getting proper guidance about DCA strategy.

It will indeed be very difficult to be able to carry out short-term trades for some people. This is very risky and there will be pressure if the trades we make never get a profit from the trades we make. Choosing to invest using the method you mentioned will certainly be very good. if we can run it well and must be able to withstand it for a long period of time in order to have results that are in our favor and if they are just starting to invest of course they have to really understand it well in order to be able to carry out the strategy well.

There would be a lot of pressure since for sure it will be hard for them to figure out on when to exit especially if there's unpredictable movement happening on bitcoin and sometimes they been caught up with certain unrealistic thinking for getting more profits so in that case it usually end up bad for them especially when they became much greedy for wanting to get a lot of money on bitcoin. That's why if they already settled and gain a good profit its better for them to sell especially if they need funds for important matters. But if they can't afford to do that and treat bitcoin as their investment then want this for long term then consistent buying is important to do that's why its up for those investor to know what's their priorities since they could set up some plans according to their intentions on why they choose to invest on bitcoin.