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In my opinion, even though a trader has great skills or analysis, it still does not make trading safe to do. Because trading basically cannot be analyzed with certainty, because there are many things that make prices fluctuate without us expecting it. So basically trading has a big risk, for beginners or those who are already proficient. That's why if you don't want to lose your money, then stay away from trading. Because it is very rare for someone to really get rich from trading. So we have to think clearly and it is better to choose to invest in bitcoin. Because investing in bitcoin is more secure and besides that we have great hopes in the future. Because even though investing in bitcoin has a long duration or time process, it will not disappoint you in the future. So doing DCA in bitcoin can indeed be said to be a good step towards a brighter future. Because bitcoin is guaranteed from everything and there is no gap to destroy its reputation. So if you do DCA in bitcoin and hold it for a long time, you don't need to worry. Because Bitcoin is decentralized, no one will be able to manipulate it.~snip~
Yeah, but this thread is not about trading, even though perhaps it has the misleading idea about buying the dip in its title.
There is almost no way that anyone coming to bitcoin needs to learn trading - especially beginners, and it is also likely quite misleading to suggest that experienced traders are going to do better than someone who focuses only on investing and accumulating bitcoin, so it is misleading to suggest that experienced traders are going to even profit from involving themselves in trying to trade bitcoin.
Although that is misleading info that experienced traders are going to profit, that still tempt people to keep trading. One of my friend even add more money to trade but lost more than he can imagined. I then suggest him not to trade and only buy and hodl but I don't know if he follow my suggestion or not because he moved to other cities and we never met until now.
~snip~
I agree with you on this part. Maybe it is good to point out that historically there have been so many folks attempting to trade bitcoin who may well have had made plenty of dollars, yet they still ended up selling way too much of their BTC too soon out of expectations that they will buy back cheaper, and so part of the reason that investing in bitcoin has done so much better historically, as compared with trading is based on the fact that the investor is erroring on the side of ongoingly buying bitcoin and perhaps when in doubt HODLing, and not selling or perhaps buying more whenever there are either dips or periods of uncertainty about bitcoin price direction, the investor continues to buy and sooner or later the holding of bitcoin ends up paying off quite well, and there is not really any other asset that has performed as well as bitcoin historically, which ends up not working so well for guys trying to trade it.. Sure, there is no guarantee that bitcoin's price will continue to go up, yet bitcoin's investment thesis does not seems to be getting any weaker with the passage of time, even if the slope of the UPpity price curve might not be sloped as high as it had been historically.