Quote from: tottong on Today at 02:46:58 AM

Quote from: Cryptomultiplier on September 02, 2024, 03:37:43 PM

Older cryptocurrency investors will read this post as a reminder to why they are still HODLING BTC despite the current market situation of which is the dip.
I always believe holders have more to gain by HODLing BTC until it is most favourable to liquidate or diversify this portfolio.

I understand the current trend is for investors to take advantage of a newly launched coin after a pump, just for immediate profit, and this makes me understand that some coins like BTC is better at HODLing for future wealth guarantee rather than for quick profit during pumps or dips.

Holding is always profitable as long as one understands the concept of buying so that the assets owned will increase.
Holding in small amounts with no mining method will also not be profitable because the assets we have do not increase over time.
That is why I said that a price drop like now is a strategic move to buy even though we can also use DCA.

New coins are quite risky because if someone makes the wrong move to sell, it will make the coin worthless.
Speculation on new coins is much riskier when someone does not understand the journey of the coin and will result in losses if wrong in analyzing.

Totally depends on what you do hold because on the moment that you are holding something shit then holding wont really be worth. This is why people should really be mindful on what are the coins that they would really be tending to invest on and if you do just simply make use of your own common sense then pretty sure you will be sticking into Bitcoin and with some top altcoins. On the moment that the market would really be having that correciton or having that dip then it will really be giving out that kind of opportunity for you to acquire or accumulate more and since you do already have the experience on how this market works then you do know on what you should gonna do, in comparing into those people who dont have much experience on which actions will really be that something that could be distinguished.

Only people who do lack experience are the ones who will really be having that kind of panic on the moment that the market will really be crashing. If ever you do have the experience then you do already
know on what you should gonna do. This is why on the time that you do deal up with something and doesnt have the idea on what it is, then you are just basically putting up yourself on trouble.