Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Mayor of ogba
on 02/12/2024, 16:11:07 UTC
Yes, I have already invested some amount, and your advice is very important to me when I change my investment plan in Bitcoin based on your opinion. And I never thought that you would give me so many words of advice. Anyway, I feel like I am one of the lucky ones (I am not exaggerating). I believe that one day I will be able to do something good and seek the right knowledge. And trading is not my favorite subject. So I have no desire or aspiration to move towards trading because it seems more dangerous to me.

Trading not bad though but I will say you're making the right choice avoiding it ( trading) , because trading not something one can start without having good knowledge on how it works and stuff because to understand trading takes time and energy, and also determination, without any knowledge you will only get yourself rekt (losing everything).
Even with good knowledge in trading, you are not certain of becoming successful in trading, so trading bitcoin for short-term profit is a bad idea. Since trading comes with a lot of emotional damage, it is better to invest in bitcoin for the long term so that you will not regret when you sell your bitcoin too early for short-term profit and the price keeps going high.

Quote from: SuperBitMan link=topic=5132720.msg64800380#msg64800380
We all know predicting what will happen in Bitcoin in the future is very difficult so we can't predict when the dip is going to happen in the future, so to avoid waiting in vain for dip is better you accumulate little by little using the DCA strategy when when there's a dip you can switch up and start accumulating aggressively.
Buying the dip aggressively is not bad, but you have to make sure that if you are doing that, it will not stop you from sorting out your daily expenses, which might get you off the game, partially or permanently. Buying the dip aggressively is best done when you win a lottery or when you receive a bonus payment at the place of your work, and you use the money to buy the dip aggressively since the money is not allocated to solve your daily expenses.