Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Zackz5000
on 10/12/2024, 14:01:49 UTC
⭐ Merited by JayJuanGee (1)

In fact, discipline is very important in holding an investment for a long time, the fluctuations of the cryptocurrency market are absolutely normal, it will always fluctuate, that is why we have to try to remain normal during these fluctuations from the beginning, there are many who panic and sell at the slightest fluctuation, which usually creates obstacles in their path to success. As a result, they always lose the opportunity for success and always lag behind.

So, a investor will be successful only when our holding is long-term, so if we can hold for a long time through DCA with discipline and patience, we can definitely achieve big profits. And for this, we must make strategic decisions, and start holding with proper planning, and must keep emergency funds in the account, so that if we face unexpected expenses, we do not face any problem like stopping the holding.
Did you think you can hodl shitcoins for long? You are playing with your money and I don't think DCA strategy works with shitcoins, it would have been better and more understandable if you say the fluctuations of Bitcoin is absolutely normal because the price is not always stable rather than using cryptocurrency because we are not talking about shitcoins here which is forbidden in this thread so let's focus on Bitcoin and not shitcoins.
Using the word cryptocurrency here might mislead other newbies going to put there money into shitcoins which they will definitely regret because you mentioned crypto currency or maybe you think it is only Bitcoin we have inside cryptocurrency no there are other unreliable coin in it such as shitcoins that's why it is not allowed in this thread.

From his statement, I don't think he was referring to Shitcoins but the i see some points in what you're saying cause he needed to have been specific with the particular coin so newbies won't be mislead into investing in just any coin just because the market fluctuates, I know some people who still relates every Cryptocurrency they come across with Bitcoin, they end up buying shitcoins and when things goes wrong they blame it on investing on Bitcoin whereas what they bought was a Shitcoin.

 On a second thought, as a newbie that's here to learn about Cryptocurrency and the best coin to invest on, I expect such person to pay close attention to things going on in the thread, especially things ongoing in this thread so as to differentiate between investing on Bitcoin or Shitcoins regardless of whether someone use the right term or not.
Then he should be very much specific so people can know and understand the type of coin he mean if it is Bitcoin or shitcoins.

Meanwhile this is not a thread to learn about cryptocurrency so there absolutely no need gaining knowledge about shitcoins here but Bitcoin long term investment so let continue to talk about bitcoin here and focus on it alone and not some kind of shitcoins talk.