Post
Topic
Board Bitcoin Discussion
Re: HODL bitcoins, you can do it! Look at HODL camp map to build up strong hands
by
Assface16678
on 10/06/2024, 23:50:28 UTC
[edited out]
From the instance you gave I think i agree with you.

I have been trading Bitcoin for years now and I must say I have not made my desired profit, seeing this your write up has made me think of how successful I would have been if I was only investing on Bitcoin than trading it.

Trading of Bitcoin is in two ways which are winning and losing, sometimes you win and sometimes you lose.

If I had invested on Bitcoin for this good number of years I have been trading it I would have had good percent of Bitcoin.

However I'm not saying those that trade Bitcoin are not making it big but investing on Bitcoin will help you have a future investment but trading it will not give you a future investment.

For sure, we cannot necessarily know in advance  in regard to which courses of action are going to pay off better, and surely over the years, bitcoin has been a kind of asset that has been valuable to accumulate, so those who have errored on the side of mostly accumulating bitcoin have done better than those who might have been focused on either accumulating dollars are maybe not very clear in regards to the value of accumulating and holding bitcoin, which likely is going to continue to be true... even though also we know that past performance does not guarantee future performance, even though bitcoins investment thesis seems to continue to get stronger.
Yeah, so is better to accumulate as many Bitcoin as one can than to trade it.
A lot of people are regretting but is never too late you can start accumulating it now little by little before you know it you have accumulated a future investment.
I know of a man who died but before his dead he gave his family his trust wallet phrase and when they checked they saw a good amount of Bitcoin and that changed the families life till date. so the best thing to do is accumulate Bitcoin is a big future investment.
Well, its because that is the most ideal right now doing DCA or dollar cost average, many people who wants to invest in bitcoin getting the wrong idea of bitcoin having a high price little they know they can start even just $50 or $100 to buy bitcoin or a fraction of bitcoin which is called satoshi, in doing so the investors doesnt need to be burdened to have to buy a very huge amount of bitcoin, they just need to accumulate a fraction of it and when the movement of price is favorable to them then that fraction could earn or increase also, and that is the beauty of DCA you can entry whenever ypu want to with small amount of satoshi in every movement you see that it will increase later on, you just need to catch the good placement and to do that you need to be good at analysing and predicting the market.