Re: Buy the DIP, and HODL!

In summary, what you said above is that, bitcoin traders are also good investors, and trading does not stop one from holding some bitcoin for the long term goals, as a trader the most effective thing to do is to keep aside your trading capital and also keep your bitcoin holding capital, this way one can even use the profits their make from trading to buy and hold bitcoin at some point because it clear that trading can give you a significant profits most especially when the trader has skills and experience in the market and taking the right trading step they always be and remain in profits.

Personally I wont want to do both trading and investing at the same time. The mindset of a trader and and that of an investor is not the same. I would be astonished if anyone can comfortably do that without jeopardizing his investment or his trades. There is a saying "you cant serve two master". If we relate that to Bitcoin, we can basically be sincere that its best to either choose to be a trader or an investor. When you focus on one, and implement every strategy and show focus you will be successful in it. I can testify in investment literally.

I understand that this thread priotize Bitcoin investment over trading but yet I've seen a few guys that I know personally who combines the two and they're doing well for themselves. Although I cannot advice anybody to combine the two but it doesn't mean that a few people are not combining it and making profit. They have none custodial wallet for investment and exchange account for trading. But most people who combines them fails woefully because trading can be a distraction for most investors.

I emphasize again that I cannot advice anybody to combine trading and investment, those individuals that I mentioned are experienced trading professionals and they don't depend on trading profits to survive. A fact is that if you place trading and investment on a scale, investment weighs far better than trading because it carries far lesser risk than trading that is why Bitcoin investment is highly recommended.

In my opinion, investing in Bitcoin rather than trading Bitcoin to hold Bitcoin can help you hold Bitcoin. To invest, you first need money. If you invest some money from your monthly income source, it will eventually reach a good goal.

To reach a good goal in Bitcoin investment you don't need to only invest some of your monthly income in Bitcoin rather you have to be investing consistently using your descretinoary income. Investing in Bitcoin is very easy only if someone can figure out their descretinoary income from their source of income because this is the area most persons find difficulty especially people that haven't invested before. Once this is gotten Investing becomes easy because you will be taking money from there and be accumulating untill a desire goal is reached and this desire goal can only be gotten in long term.

Discretionary income is what we need to be investing in bitcoin. So saying we don't need to invest some of our monthly income in bitcoin is very wrong, because discretionary income is part of our income that is remaining after sorting out our expenses. Therefore being consistent in buying bitcoin should be done with part of our income and not with all our monthly income to have a stress free investment.