Re: Buy the DIP, and HODL!

Hopefully guys here are not fucking around with trading, and if they cannot help themselves and they want to trade or get involved in shitcoins (and/or gambling), then hopefully they are limiting those kinds of activities and allocations to less than 10% the size of their bitcoin holdings.. and hopefully without cheating.

Man! fucking around with trading is the investment killer TBH, don't even try to combine it, especially when you are just starting out your accumulation journey because you cannot combine the two effectively without overdoing the trading and ending up eating both into your holding portfolio and of course possibly your finances. Guys, especially those new into bitcoin investment should strive continuously to remain consistent and dedicated to their accumulation journey as well as seeking out ways to increase their discretionary income so that there would be a resultant increase in their aggressiveness investing into bitcoin.

👍

It might also help a person to merely not look at the charts obsessively. If he/she likes DCA, what's the use? If he/she likes to buy the lows during bear market cycles, we're not yet there.

But if he/she truly is Bitcoin-obsessed, then try to learn a little about Bitcoin's history and the technical side of things. I suggest reading about the long road to Segwit. That was one of those good situations learn about Bitcoin.

Quote

Trading distracts! Trading is addictive! and trading is very risky! Combining it with your dedication in purchasing bitcoin could have negative consequences and can sabotage the effectiveness of your ongoing accumulation of bitcoin. Avoiding it is always the best option.

👍

I treat trading same as gambling and it can really distract them if investor would think they can mix it up together with their holdings since everything would provably messed up if they fail miserably on their trades.

That's why if they want to focus on something better stick only on Bitcoin because for sure that they won't get stress on getting involve on this kind of investment especially if they focus on buying and ignore frequent monitoring of the price in the market.

Trading is really risky and addictive since it can make people greedy for more gain especially for those people cannot control their emotions.

It's shitcoinery, and like you, everyone should treat THAT as a form of "entertainment". That's the main purpose, but if you "win", then that's merely the side-dish. The main-course is merely the entertainment you get from participating.

Plebs should be careful though, and never use more than 1% of your total Bitcoin, and if you think 1% of your total Bitcoin is "too small", then don't gamble. HODL.