Re: Buy the DIP, and HODL!

Although there are traders who are actually successful in trading short-term with or without leverage, it's not for PLEBS like US. I discourage fellow plebs from "trading", but if you truly believe that you could profit as a day-trader, then to measure your success rate, make a pretend purchase in Bitcoin with 100% of your trading capital. Check if you outperformed Bitcoin every year. Because if you didn't, then you merely wasted your time and probably shortened your life-span from the mental stress and loss of sleep.

I agree that trading which tends to be short term is not suitable for everyone - that's why some say that "10% of traders are successful" and that's the truth, because I've been in trading and I can say that it's riskier, more stressful, and you will lose sleep because you need to monitor the market and see if your position is right.

So it's more advisable to get involved in bitcoin investment which is more potentially profitable and recommended, especially for beginners, because everyone can get involved in Bitcoin investment, you don't need to learn technical analysis or whatever, all you need is to allocate your discretionary income and invest with DCA or lump sum. You can invest regularly and hold it for the long term. It's that simple - you don't need to sacrifice your precious sleep time just to monitor the market.

I doubt that profitable traders are even close to 10%, especially in something like bitcoin and especially if we might compare performance to traders versus investors into bitcoin.

I am considering that probably less than 1% of traders of BTC would have had been able to beat a straight forwards DCA strategy, especially if we were to be looking at 8-10 years or more. They fuck around and talk about profits, and yeah in the short term they might have some lovely stories, but carry out their strategy in the long term and it would be a pretty rare trader who actually were able to beat a straight forward BTC DCA approach. .and whatever system they used ended up being luck rather than replicable.. They frequently talk a BIG game, though.

10% is a more generalized estimate from what I have read from doing simple searches on the internet. But if it's actually a mere 1% or less, then that would truly be very surprising and makes the HODLers' debate more practical, and that would STILL be a very BIG understatement.

Those who truly outperform Bitcoin consistently every year, perhaps they probably also short sell Bitcoin during the bearish cycle?

Plus for HODLers, we also probably should learn short selling to use as a hedge against our own Bitcoin investments during bear markets?

Yes, a lot of folks fantasize about how they could get rich quicker than everybody else, yet with bitcoin even though the bearmarkets can seem torturous, it still has not been necessary to fuck around trying to trade, since you can get astronomically rich by merely having had invested steadily.

Let's take the person who had invested $100 per week into bitcoin for the past 11.5 years. He would have invested $61.3k and accumulated 70 BTC. Do you need more bitcoin than that? Do you need more profits than that, even if you believe some of the traders could have had done better, I doubt it.. they lie about their results. .that is how gamblers are.

Maybe you prefer to ONLY go back 10 years, and such person would have invested $52.6k and accumulated 35.11, so of course, the shorter the period of time then the lower the quantity of BTC accumulated.

You are not going to know if your bitcoin is going to perform greatly merely from one or two cycles, and also if you had not been persistent, consistent, regular and perhaps whiimpy then you are also going to have had less superior results, and you likely need more time for the investment to compound upon itself.

The guy who had only been investing $100 for the past 8 years would have invested about $42k, yet would have ONLY accumulated about 5 BTC. Still good results, but still likely needing more time for the continued building of the investment or for further time to run for additional compounding to take place, and yeah, the future is also not guaranteed, so each of us can ONLY do our best in terms of how aggressive we are going to be or how consistent, persistent and regular in our BTC accumulation, and hopefully not fucking around too much waiting rather than investing with as much aggressiveness as we are able to achieve without recking ourselves.

👍

Those are very good points ser. Cool

Plus for those newbies/normies who recently started their Bitcoin journey, not at two digits, three digits, four digits, BUT five digits, they could make an argument that they're ROI would be much larger if they buy and HODL an altcoin - OK, they could have those profits like if they bought Bitcoin at three digits, BUT long term, their profits would STILL have to be held in the hardest money on Earth, Bitcoin.

Newbies, HODLing your wealth in an altcoin/shitcoin simply is NOT worth that RISK. Buy a Hardware Wallet, or set up an offline computer, then HODL your precious Bitcoins in COLD STORAGE.