I don't know but if you are a new investors, you shouldn't complicated things in your end like selling it early and not holding it for a long time. I think that's what social media bring to his new investors though, as if they are being program that you don't need to be organized. You just buy and when you see profits, then sell it.
On the other hand, there could be new investors that totally shut down themselves from this crypto influencers, and don't complicate things by just buying. And maybe they don't really know what DCA means, but they might have been doing it in practice in the beginning.
On the other hand, there could be new investors that totally shut down themselves from this crypto influencers, and don't complicate things by just buying. And maybe they don't really know what DCA means, but they might have been doing it in practice in the beginning.
In Bitcoin investment, I don't see trading as an option because it's just a way of lying to yourself that you are actually a Bitcoin investor while you are just obviously gambling with your funds via short term investments and it's quite funny that most of these trader consume their profit and use the capital to strive again for more profit. It's true most of these newbies get their information source from influencers who happens to be majorly traders and they get confused and brain watched thinking trading is the way forward but that a big lie. There is a way the mind works when you keep trading your coin, it lets you feel comfortable and makes you anxious of the profits you make and that eventually blind folds you of the benefits of long term holding. There is a wise saying that "sow now and reap the harvest in the future" long term holding is a form of investing for the future while short term trade only let you focus on the present while you miss out what's coming. Those who held to their Bitcoin investment from the first halving are greatfull they did, and this same scenario is going to repeat itself in the near future.
The current price of Bitcoin the time this post was published shows that it has gone down with 2.35% and this is definitely an opportunity to keep hitting the buy and enable more profit even as you keep up your DCA. It's the combination of DCA and buy the dip, we are approaching the dip and this could be your opportunity to make more profit while DCAing. Since I started holding without temparing with my coins, all I can see is profit and irrespective of the trend my coins are intact. Getting discipline enough without letting your emotions make decisions for you might take a while at first but that's the only way to live a happy bitcoin accumulation life. Thanks to Bitcointalk and Mr JJG for his inspiring posts.
IMG source: https://coinmarketcap.com/currencies/bitcoin/
The thing is that trading is not even an investment or investment strategy so their is know connect or relation between the two, trading is just an uncertain way of people trying to make quick money in Bitcoin which is not guaranteed, actualization of profit in Bitcoin is the goal of long-term vision that why it is a continous journey that doesn't need half way termination, the decision of investing in Bitcoin is personal but I dont think that a trader that often lose of pull out Bitcoin from his holdings should be regarded as a bitcoiner hence he or she has neglected the main reason for Bitcoin investment.
I don't know why people panick when Bitcoin drops is price, although it normal but it is still and opportunity to acquire more of the asset, it is an established fact that Bitcoin is not stable asset so with this knowledge about bitcoin every investor should expect fluctuations at all time, but in all when there is price drop every knowledgeable investor knows that it is avenue to buy, the only set of investors that does not understand this are newbies, lets be futuristic and determined because those are the only encouragement for continuous accumulation.