Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Cryptoprincess101
on 11/10/2024, 21:14:10 UTC
Normally one may choose to trade with his Bitcoin either he gain or lose is still his loss , Because one thing one need to know is that any amount of bitcoin you waste due to you trying to make short-term profits , may worth more in the Future.

Those trading their bitcoins doesn't know it's worth and value otherwise they would have only hodl their bitcoins for long term increase and not be so inquisitive about the low profits they get while trading in a short term. 


Quote
Like back then when bitcoin price was around $100 , alot of folks may have wasted their Bitcoin for meaning less things or loss it, without ever imagine seeing bitcoin at such price range it is now . Back then 0.5 Bitcoin would be $50, but now 0.5 would be In the price range of $30k now . You can see the massive difference so is better to accumulate and hodl , than to waste resources on trading your Bitcoin, especially when you don't have the knowledge on how to navigate trading , holding instead is keeping it safe .

People who wasted their bitcoins in the past when bitcoin hasn't gotten any recognition cannot be blamed because as at those periods, bitcoin was relatively new in the market and a lot of people were scared of losing their asset but now that it has become the best performing coin, there is need for people to own it more as a store of value rather than settle for trading.