Recently, I asked people on Binance:
1️⃣ Would you like me to give you an entry and exit so you can make a lot of money in trading?
2️⃣ Or what do you think is better: to buy and hold?
The results showed that many still prefer the quick bets of trading, but I always remind my followers and non-followers: the best thing is to buy and hold!
Why? Because trading can make you lose all your money, especially in manipulated markets like cryptocurrencies. When you buy and hold, you can sleep peacefully, knowing that temporary drops won’t erase your investment. Your nerves won’t be frayed, and you won’t risk the money needed for your basic needs: rent, food, your children's education, etc.
Greed remains a powerful enemy. Since December 9, 2024, when a major drop occurred, we have experienced:
Another drop on December 10.
The third drop on December 19, after Jerome Powell's statements.
The fourth drop on December 20 and 21.
Today, December 26, the market continues to fall, although we hope it can stabilize during the day.
All these drops have liquidated billions of dollars, leaving thousands of people without money. All of this is manipulated by economic elites and large exchanges that control the price in their favor.
If you buy and hold, even if your initial investment drops by 90%, you won’t lose it. For example: you invest $1,000 and the value drops to $50, but over time, the market tends to recover and your investment will grow again.
On the other hand, if you trade and get liquidated, your money disappears completely. So, what do you prefer? To endure a temporary drop knowing that it will eventually recover, or to risk it all in a manipulated market and lose it forever?
This is not investment advice, but it is the best advice: buy and hold. Every process takes time, development.