Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
DubemIfedigbo001
on 12/11/2024, 14:34:31 UTC
I disagree with you when you said there is no best option when it comes to bitcoin investment, if a newbie goes into Bitcoin trading it won't be the best for him at that moment the best for him at that stage of his Bitcoin career is long term investment just buying and hodling, there are best options for Bitcoin investment if you choose the wrong part it may delay your accumulation journey for example waiting for dip.
A Bitcoin investor should not treat holding and trading as the same thing. Trading is generally risky especially since Bitcoin is the most volatile currency an investor can lose his money in a very short period of time.
Trading generally is very good to be absent from an investor's mindset, so it does not possibly corrupt the good intentions of your investment prospects. In terms of volatility, bitcoin is a saint where shitcoins are, unless you are not familiar with pump and dump schemes. The heavy volatility and lack of feasible prospects of shitcoins are the main reasons investors are discouraged from focusing on them for their investment option, rather to choose bitcoin which is already a store of value and has a convincing history to prove that.

Quote
But if he accumulates his bitcoins long term, he can protect his wealth from volatility.
Accumulation of bitcoin does not promise to shield your investment from volatility, bitcoin is a volatile asset, but at a long term (5 - 10 years or more) the value of your assets increases considerably. Bitcoin advantage is on its profitability on a long term and not on its price volatility.

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If a trader tries to hold bitcoins regularly according to his ability, he can definitely be profitable in the long run, avoiding the tendency to make a profit.
I don't seem to understand what you mean by hold bitcoin regularly especially when your reference is on a trader and not an investor. A trader may buy bitcoins and sell regularly at calculated moments and such behaviours may not guarantee him success and surely one day he would miss his timing and his gamble would fail him.

Now rephrasing your statement I quoted in an investor analogy
On the other hand if an Investor accumulates bitcoin regularly according to his ability and availability of discretionary income, he would definitely be profitable in the long-run, avoiding the tendency to make a quick and short term profit. Traders do short-term, but investors go for long-term holdings

All the right information that they need to know about bitcoin, and how to go about it are already discussed in this thread. I don't think there is nothing more that we can do for those newbies that are coming into bitcoin investment now, other than encourage them to go through the thread and ask questions where they are confused. A lot of people have shared their vast knowledge about bitcoin and their experiences here, so it is left for the newbies to show some level of commitment, by going through the thread and get whatever information they want.
From my calculations, this thread spans more than 500 pages and digesting the volume of information present in this thread would take a relatively long time nigga. I know they have to read and try following up, but let's be human it is tiresome. This forum was created for the sole purpose of learning and meaningful interaction, Newbies are always confused when they come into a new environment, they always are. We were once like them and we were confused back then, I encourage them to try their best reading and studying the thread, but if they come up confused or seeming lost, lets show them as much love as we can. It would make them feel accommodated, involved and ready to learn with us.