Post
Topic
Board Speculation
Re: Road to 100k?
by
SuperBitMan
on 18/10/2024, 06:35:38 UTC
Imagine if an average earner wants to get involved in Bitcoin and prefers to trade instead of purchasing and holding through his DCA plans, what will be your advise? clearly he has more vulnerability of losing than earning. Anyone starting his Bitcoin journey should consider every possible options of investing and holding instead of trading, aside new investors, it is more profitable holding due to certain scenario's that can lead to loses if trading is prefered.
If an investor wants to get involved in bitcoin investing and trading instead of buying bitcoin continuously through DCA then my advice is to invest instead of trading. Had the person understood the difference between trading and investing, he might have opted for investing. Trading involves high risk, moreover you must acquire a lot of skills and have a lot of market analysis ability to get success from trading. On the other hand if you start investing with DCA strategy then you can start with little knowledge which will increase with time. This method is also applicable for inexperienced investors.

Most people get success from investing because investing is long-term. So I think being an investor is better than being a trader. The few big bitcoin holders in the world so far are investors, not traders. They have been able to achieve such success by investing in Bitcoin regularly.
Bitcoin investment has different strategy some people choose to use the DCA strategy, lump sum strategy, trading strategy and buy in the dip strategy etc. Everyone that got involved in Bitcoin investment used one of this strategies to start and some later changed to a more suitable strategy to them, the most important thing as Bitcoin investor's is for us to be active in forums like this so we can get ideas about other strategies and the experience of people who are already involved in it, this may help us get into a more better strategy for example when I started Bitcoin investment I was involved in buying in the dip only but when I joined this forum and became very active I saw ideas of other strategy and people's testimony in those strategies so I decided to abandon the dip strategy and go for the DCA strategy which has been very helpful in the growth of my Bitcoin accumulation journey.
What so ever strategy you are using if you feel is okay for you no problem you can continue with it but I will advise you get knowledge about other strategy how it works and function, that way it will help you decide if truly continuing  with the first strategy is okay or you need to change.
Forcing a strategy on someone may not yield anything good in there life, is better we educate them about every strategy and let them make there decisions that way they will do it with passion.

You are right AirtelBuzz involving one's self in long term Bitcoin investment is always much better reason being that Bitcoin is a highly volatile but that those not stop it from growing but it takes time, so if you are involve in long term Bitcoin investment you don't need to panic about it volatile nature.