Post
Topic
Board Speculation
Re: Buy every dip!
by
BitBakerr1
on 26/01/2025, 10:31:27 UTC
Bitcoin is not a get rich quick scheme. You must wait a long time to succeed from Bitcoin. If you ask Bitcoin to give you quick profits like Altcoins, then you will be wrong. Because Altcoins are like gambling. It is absolutely impossible to say when it will happen. You may win from Altcoins at some point but your money is at risk. Here the chances of losing your money are higher. In the long run, it may not give you a big benefit or you may lose everything.
It is true that Bitcoin is not a get rich quick scheme but Bitcoin investment will guarantee you maximum success if you can be patient for long time. I never want to compare alt coins with bitcoin or make any comments about those coins. And the question to you is how many people have you seen who have succeeded in investing in alt coins. Bitcoin's price drops, but it quickly rises again. Ask those who are experienced and knowledgeable about investing and they will always tell you to prioritize Bitcoin as your investment. Bitcoin investment requires patience and consistency because if you have patience then you will be able to hold your investment long term and if you have consistency in investment you will be able to buy bitcoins regularly.

You are right, however I want to make a point here, when some newbies come across investing in Bitcoin in this thread they really don't understand that you people are talking about long term Bitcoin investment and not Bitcoin trading and they get confuse on the particular strategy to use in investing in Bitcoin, as long as I'm concern when it comes to bitcoin investment going for a Long term holding is more better and less risky, I know some newbies here where introduce into Bitcoin through the strategy of trading Bitcoin, I'm not saying trading Bitcoin is not profitable but is risky and should be done with just 1 percent of your discretionary income if you most trade and then you can use the remaining part of your discretionary income to invest in long term, another reason why I think long term Bitcoin investment is better than trading is that, since Bitcoin is $100k and let say you started accumulating with $100k weekly or monthly for 10 to 20 years and eventually now bitcoin hits $1 million in price do you think someone who has been trading for 30 years will be more successful in the Bitcoin investment journey knowing fully well that some times the trader was losing money too, so long term Bitcoin investment is the best and newbies should take note.