Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Zackz5000
on 03/06/2024, 05:19:42 UTC
⭐ Merited by JayJuanGee (1)

Holding and trading in Bitcoin is very important.

Trading is very sensitive. Because you should always keep updated news about the market. And a mistake is more likely to result in loss. Because the Bitcoin market is always up and down, if you can't trade on time, then you must do it at risk. This is why trading always involves a lot of risk.

I wonder why you will believe that trading is very important whn you know that the complexity in trading is beyond the accurate understanding of everyone especially those who are still new in Bitcoin, so do not regard trading as an important factor or an alternative of Bitcoin investment because you will be making a very huge mistake, perhaps the only thing that should be regarded is holding because whichever different perspective you view holding you will always arrived on a successful investment at the end or in the future, so actually if all the Short term holders and traders will see Bitcoin from my own direction they would not have been talking about trading.
Before we decide to trade, I need to gain enough knowledge about the trade. If I don't understand the trade well, I will never live up to the expectations that I have with the trade.  But in trading, we must trade with the risk that is in the trade. Many times if we don't get success, then we lose the trade patience. Patience is very important. We must be patient before trading. If we can trade patiently, of course in the future. We will get success through trade. We always have to have a long-term plan. Sometimes we are in a hurry. We should not be in a hurry when trading. There are many people who trade, they are in a hurry, they think that they will become millionaires overnight, but it is not like that. Of course, you will gain money in trading, but for that, you need to be patient enough.
Your explanation is not understandble and it can be very misleading for all you are talking about here is trading trading trading one thing you should know about is that this thread is not talking about trading for there are other thread here that you can go and discuss your fucking trading stuff for the concept of this thread is talking about buying Bitcoin and hodling for a longer period of time from 4-10 and above for everything you have said sounds more of gambling, for Bitcoin is not a tradable coin and can never be traded for anything.
Sometimes I wonder why people think of Bitcoin as get rich quick investment for the profit you will make when you invest for short term can't be compare when you HODL for a longer period of time.
For what you should have been talking here is how investors can buy or accumulate more Bitcoin and at the same time keep hodling for a longer period of time because Bitcoin investment is for the future and not to be trade for a short time for it still same as gambling.
For with your DCA method you can accumulate more Bitcoin and HODL for a longer time accumulating Bitcoin either weekly or monthly after you have set aside an amount base on your own discretional income after keeping your emergency, reserve, and float fund just incase any unforeseen circumstances occur it will help you not to tamper with your Bitcoin hodling when the need arises. For it also not advisable and it is also short sighted seeing or approaching Bitcoin as a tradable coin.