Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Miles2006
on 04/06/2024, 20:05:32 UTC
⭐ Merited by JayJuanGee (1)
Indirectly we can conclude that in the end trading is no better and even very much more risky than investing so we don't need to think too much about trading because sooner or later you will also lose in trading so by seeing that switch to investing without having to look at trading.
In addition, it seems that the discussion of trading will not be too connected when juxtaposed with the previous discussion because from the beginning we always discuss about investment not trading.
I don't want to assume they are bad traders but indeed with your narrative we also actually need to realize that doing trading especially for those people who are new to bitcoin and just learning the investment system, it will indeed be misleading because in the end investing and trading are different things and cannot be put together in a discussion.
Holding is the most profitable form of investment in cryptocurrency, but not everyone can or should hold. Trading has its place in the cryptocurrency market and should be encouraged and supported. Exchanges rely on daily trading for market manipulation and understanding the psychology of demand and supply. If trading isn't your strength, focus on what you believe in and let traders do their work. Ultimately, at some point, we all will be trading our coins.
Basically, Bitcoin is considered to be different from all other cryptocurrencies because of its different acceptance and potential for higher returns for investors. Whereas other crypto shitcoins are mostly hype. Of course shitcoin can expose you to a lot of risk so it should not be held for long. In terms of investing, the value of Bitcoin can fluctuate and fall to zero, but you should aim for a long-term depositing plan. By holding bitcoins you can keep your investment risk level relatively mitigated only for the long term. You can choose short term trading with your hard earned capital which is your freedom but I think long term tending to accumulate bitcoins can be a better plan.
Suppose you buy bitcoins with your lump sum and decide to sell or withdraw during a relatively bearish period and a month or two later in an uptrend. Yes you can definitely make some profit with trading. But that Bitcoin may not bounce back to the downside in the bullish period which is again a long line in your case. But if you have a long term management plan of DCA or lump sum purchase then you can expect more multiples of profit. Holding.
Of course you are right. Bitcoin is definitely different from all crypto currencies. But if we use Bitcoin properly we can definitely change our fortune by investing in Bitcoin. If we invest in Bitcoin in wrong place then surely we will not get much profit from that Bitcoin investment so we should be right. Time to use Bitcoin. There are many investors in Bitcoin who do not know much about investing who come to invest in Bitcoin they may not realize that they are too hasty and impatient to invest and risk losses. For him I would say before investing in Bitcoin he must gain enough knowledge about Bitcoin then he should invest in Bitcoin. I myself love to invest in bitcoin but bitcoin investment can definitely change our fortune if we can patiently invest with long term plan and check the market surely this bitcoin will help us to change our fortune very much.  As you said sheet coin is more risky than bitcoin. Of course sheet coins are quite risky to invest in. So I will choose bitcoin over sheet coin or I will suggest someone else to choose bitcoin.
I don’t think I understand why people compare trading and holding, although trading is different and with what you explained you’re actually referring to trade because trading needs a different strategy with all kind of risk involved, it’s more better to say people trade not knowing what trading is all about and end with loss not investing. Aside the trade drama we read a lot here despite knowing the fact this thread is not about trade, no investor will invest without knowing the basic knowledge and I believe one of the basic knowledge every newly investor will learn about bitcoin investment is a long term investment plan and secured portfolio, as there’s this saying no knowledge is wasted likewise bitcoin knowledge. When referring to the basic knowledge about bitcoin we must understand when acquiring this knowledge we must not take forever before we start buying bitcoin. I feel the need emphasizing on this issue when most people state that a newbie must gain enough knowledge before starting as it’s considered as being dull from my opinion, tracking bitcoin market is not necessary for a newbie and honestly speaking I personally don’t track bitcoin market as my view is channelled to accumulating and any newly investor should focus more on their accumulation process and holding bitcoin or rather tracking bitcoin market is common with traders not holders.