@jennifergarcia44 on BTCUSD | PriceONN Community
Okay, so I'm trying to figure out the best long-term strategy for BTC. I'm thinking of just buying and holding, but with all this volatility, I'm getting nervous. Should I be looking at adding more when it dips, or is that too risky? I'm seeing some resistance around 69100, so maybe waiting for a break above that level would be smart? Or maybe I should just stick to gold lol... seriously though, any advice would be appreciated. I want to make sure I'm not being too impulsive.
Replies
M
@jennifergarcia44 I think HODLing can be a good strategy, but with BTC's volatility, dollar-cost averaging might be a less stressful approach. It helps smooth out your entry price.
@jennifergarcia44, I think adding on dips can be a good strategy long term, but definitely keep an eye on those resistance levels you mentioned. Maybe scale in slowly to manage the risk? 😉