Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Salahmu
on 24/09/2024, 07:36:26 UTC
⭐ Merited by JayJuanGee (1)
I weep for myself after losing all my capital from trading a shitcoins last week, and this made me very sad and disappointed in shitcoins, because their are more or less a gamble and anytime we have to make a choice on which coin to hold or trade in, we should look away from shitcoins because we only draw closer to loses if we make a choice on them.

I actually feel bad for your lost, this is the reason why trading your funds should never be a decision attached to your investment plan because is a very risky one, is funny that when they advise people to focus only on holding they would be feeling that they are stopping them from there chances of getting some profits but they never understand that this is the reason why they are being advised so that they would not become a victim of the market, however you can imagine how much Bitcoin you would have possibly have now on your portfolio if all those money was focused on investing on Bitcoin, some persons believe that those who normally accumulate Bitcoin for long term holding are statics investors who are missing out opportunities but what they did not understand is that holding will always outperformed any other patterns.

So actually I believe you have also learned your lesson in a very difficult way since it involves you losing a lot of money, so I believe you have understand that trading is like chasing a shadow that sometimes you feel you can possibly reach out to it or hold it since is very close to you but the more you are trying to get a hold of it that's how is always getting one step ahead of you, so that's just another definition of trading because you can hardly get it right, so why not choose the pattern of investment that doesn't require you anything but to only be consistant in accumulation and holding, perhaps I wish others will learn from your experience so that they would make a better investment decisions and to also realized that trading is an instrument of investment failure.