Post
Topic
Board Beginners & Help
Re: Just HODL
by
asarfiar
on 15/07/2024, 09:26:20 UTC
Also you shouldn't be disappointed or give up in bitcoin or crypto investment if trading hasn't work for you just try to HODL bitcoin or at least do more proper research on the altcoin you choose to HODL while if you are still have desire to trade, reduce the amount you use in trading, try to avoid risk when necessary and continue to learn to improve your skills and knowledge about trading.
Believe it or not trading is all about different buy and hold strategies. We should plan to hold bitcoins for months or years, and for that the important thing is to enter the trade. We who are really newbies want to make huge profits without understanding about trading and trying to double money can result in losing money. It is basic and wise for us bitcoin investors to check positions now and then which is still much less time consuming than short term trading. I think it makes more sense for us to stick with Bitcoin as we gain knowledge and associate ourselves with DCA over time, which creates an incentive to hold Bitcoin.