Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy Buy Buy or Sell Sell Sell?
by
Pi-network314159
on 05/11/2024, 00:19:57 UTC
⭐ Merited by JayJuanGee (1)
Any newbie who categorises short-term holding and trading as the same thing has a long way to go as they need to learn the difference and make a decision on which one they want to do and which one will favour them.
The newbie is right I don't think there is a different between short-term holding and trading they are just same thing since there objective will be to sell Bitcoin in a short time without accumulating and hodling for long is not even advisable to go into Bitcoin investment with the mindset of trading Bitcoin or for a short time because you might run at lost and the risk is much though people can choose what works for them.
We should not be presuming that short term traders or traders are going to sell bitcoin at a loss, so they can enter into their bitcoin trade and then they sell at a profit.  They make more dollars than they had previously.
That's actually true, even though we presume that HODLing bitcoin for a longer time of maybe 10 - 20 years is good, but doesn't mean that a person who buy and HODl for 5 years can't make a decent amount. A person might buy bitcoin when its dip and HODl for a short time of maybe 4-5 years and decide to sell when the price has increased  and will make profit. Even though the profit was not hug as compeard to a long time investment, but atleast we can not totally say there in no profit in short term investment.

So people can do whatever they want, including getting caught up into the group of people who ended up selling way too many bitcoin too soon, rather than staying focused on NOT selling any bitcoin until they have accumulated enough, and/or more than enough, which can take quite a few years, including 4-10 years or more to get to such levels of BTC accumulation.
I think those who decided sell  too many bitcoin to soon are baby bitcoin holders or will I say they are faithless bitcoin HODLers who has no permanent decition who can be swindle by the wind of speculation to accepting any News from some so-called prediction expert that made them sell quickly. But that is at there own detriment, I believe HODLing bitcoin is a matter of choice and  I don't think HODLing bitcoin is for everyone no matter how we preach it. Just that we have to continue saying the truth until most people are totally fee from the danger of gambling or selling way too quickly.