If you buy bitcoins weekly as part of a long-term investment strategy, it's best to remain consistent. Otherwise, you'll quickly find yourself in the position of a daytrader, and unless you have experience in daytrading, you'll lose almost every time.
that's how you acquire experience as a daytrader
Well, that's true. But, the biggest disadvantage in turning into a daytrader is the amount of research you need to do
every single day. That's why I became a moderator here - because I read most of this forum anyway so that I don't miss anything. Without doing that research, daytrading is much riskier. Hell, I'm scared enough just going to sleep, because I can't research while I'm asleep.
If you buy bitcoins weekly as part of a long-term investment strategy, it's best to remain consistent. Otherwise, you'll quickly find yourself in the position of a daytrader, and unless you have experience in daytrading, you'll lose almost every time.
Judging by this week, it appears you were right and I was wrong. Thanks for the tip!
While I may have been right this week, this strategy won't work in your favor every week. However, it allows you to not worry about the current price, and instead focus on whether or not you think the bitcoin price will rise between now and several years from now.
(also, I wanted to urge you not to hold off because I was fairly certain in that specific case that bitcoin would rise further after that post, but I wanted to provide more sound advice instead of a one-off tip)
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