Post
Topic
Board Beginners & Help
Re: I have to hold on tight
by
Just Say
on 07/07/2024, 17:31:18 UTC
From the time the op made this post until now, if he had held his profit and holdings the should be glad he didn't sell then because the price of Bitcoin has increased to more than 2x since he made this post. This is a strong evidence that holding for long is the best strategy toward making good profit from Bitcoin with limited amount of risk compared to trading your coins which could lead to loss and if not careful you can make the mistake of sending to the wrong address. Holding is much more relaxing as long as you use DCA and put in small fractions from your earning.
Maybe now is the best time for investors again because now the price of Bitcoin is low. If someone can buy bitcoins at low prices and hold them for a long time with patience then he will profit later. However, those who adopt a DCA approach to investing may not have to wait for Bitcoin to fall because they are constantly investing using that balanced approach. Investing in the Dollar Cost Averaging method will steadily accumulate Bitcoins in your investment portfolio which will grow in size later on.