Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Fuso.hp
on 03/06/2024, 09:55:31 UTC

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.
Please try reading everything before you reply someone, if you read through you will see where I said hodling is the best and the safest when it comes to bitcoin investment.

Trading is also good for some people and I know a lot of people making money from it even with the risk involved when you know how it works you can make money from it however as a newbie is advised to focus only on hodling to avoid losing your money.
Even if some people are making money from trading bitcoin, it shouldn't be the subject matter so that newbies will not be distracted on their bitcoin accumulation journey and want to try out trading bitcoin for short-term gain because Smilevictorobinna said people are successful in trading. Do you know how much those people you are talking about lost in trading? They will not let you see the bad side of trading. Why will you want to adopt what will make you not to have peace of mind or time for yourself without doing anything for some time? In trading, you need to be actively watching and reading charts so that you will not lose money in trading. Even pros make mistakes in trading sometimes, which would make them lose huge money in trading. Just know that the money you get from holding your bitcoin for the long term will change your life story.
Trading in Bitcoin is as easy as we think if it is well researched but it is not that easy because there is a lot to know and a lot of knowledge has to be followed by applying the right strategy and then using it properly. Some of us traders have this misconception that they will only buy one coin and when the price of that coin increases they will sell that coin and thus they will continue to profit. But the market does not change as easily as our plans or our expectations in reality. 

We need to study enough about trading and to study enough we need to acquire proper skill about trading and when we gain more skill about trading then we will be able to apply that skill and trade properly. Even if you trade many times with the right strategy and correct prediction, it can be seen that the trader is in loss because the market changes are undesirable. 
So instead of taking this issue so easily, we should definitely take this issue seriously and accordingly we should make preparations in advance and then start trading.