I hear many saying they don't mess with altcoins...how do you make money with btc?
Just buy the dips, sell for usd (or other fiat), then buy back in...rinse and repeat?
I'm not talking about long term holding but about how to build up your bitcoin without touching alts.
Thanks
They say it because trading is risky just like gambling and could lead to losses which you couldn't afford.
They ask you to buy the dips, but won't tell you when will those dips take place. You need to research and try to find it yourself. It has become a common thing now that whenever any controversy arises and heats up that's related to Bitcoins, you will surely see a downfall (can't say how much, but it takes place) and there you may decide your level of getting in. Let's take yesterday's example, there was a sudden roller-coaster-ride pattern seen on the charts when the price fell down from 5700 to a low of 5101, and it's back to 5725 and currently 5666 (at the time of writing). That's where the knowledge and luck part plays an important role and know one thing that nobody would come and tell you the secret of buying and selling levels, you need to find them yourself because even if anyone alarms you of a dip, you don't know if you will be seeing it the next minute because of the volatility in the markets.