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Cryptocurrency Trading / Re: Saving... Investing... Speculating... Gambling? (Poll)
« on: April 14, 2024, 08:59:06 PM »Trading can better enable us to analyze and predict price increases if we buy it when the price is still cheap. We buy and hold coins that we like. In my opinion, gambling only relies on luck, if we are not a gambler, it is better not to do itExactly, indeed the most appropriate thing to buy coins is when the price falls like that. When the price has risen again like it is now then I say it's too late to buy because the price is too expensive. When we buy at the current price it will trap us at a high price.
Usually if you play a role in training, of course by buying in a deep market, when the market is pumping again you have to sell the coins making a profit. And you can play that role in trading, but if you hold it for the long term, maybe you can buy your coins at any price and leave them. But if the age of your holdings is long then it will definitely depend on Bitcoin. Because I don't think it's possible to hold long-term without Bitcoin alone, Bitcoin is suitable for long-term holding.