Bitcoin Forum

Anyone in crypto space right now and who has been active will agree with me that one of the vital parts of what makes cryptocurrency trend and go viral is the fact that it volatile and this has made the whole blockchain interesting, I mean the fact that one can easily turn some penny into a huge amount of money within a short timeframe makes it attract people from  all over the world aside from sending value.

While the volatile nature of crypto space remains attractive and lucrative, it still remains the nightmare to many and hence the need to always ensure safety from the what makes crypto tradable. In the bid to achieve the purpose of trying to grow one's asset without having to expose it to volatility risk, several risk control measures have been set up which include stop loss, but that is not 100% sure to guard users from the price fluctuations, and hence the need of savings and getting returns high amounts of APR and this mimics the bank savings with, but here with higher rewards, if a person saves $1m, he could end the year with a good sum by just holding his asset, while a trader could turn little amount to huge one, it could go at that same rate too, so which one would you prefer as a trader and why

Two things dey involved here which are Bitcoin and altcoins. I don't see a point in trading Bitcoin. Wetin we suppose to dey do na to dey accumulate am then we hodl am because history dun show say na hodlers dey benefit pass for this industry. When trading you fit lose your Bitcoin irrespective of how careful wey you dey think say you dey. The lost fit come from not using a stop loss, wrongly timing the market or hack because when you dey trade obviously you dey exposed your Bitcoin to many risk on the exchange and if we're being honest, many traders dey use centralized exchanges for our trading (which isn't that bad) but they exchange no get any better security wey go for stop hackers from stealing your Bitcoin and the best they can do is a compensation while others exit scam without remorse.

Altcoins can be speculated upon as they're a gamble but you suppose know say wetin you dey do no dey reliable and know the risk involved. Overall sha hodling Bitcoin or crypto (involving all the altcoins) is always safer than trading Bitcoin while Trading altcoins for profit can be better over hodling them because alot of altcoin are always worthless after couple of years in the market as newer and more marketable altcoins are getting launched frequently.

Ps: I think your title should be Trading Vs hodling and not what you have there.

Yes, the volatility of bitcoin development is its uniqueness not just from the fiats but also as the stock values. It has really gained massive dominant all over the world because>>>
* It is unified currency in a digital form.
* It is a volatile currency.
* It is potential to legal tenders for payments alternative.
* It is a self custodian currency.
* It serves potentials of earning incomes.

But I would quote you wrong Op that it is not a get rich quick as you may say (Short timeframe) unless you are ready to gamble with your funds.
While I do not have to live you astray with this, I recommend bitcoin investment safer for you especially the beginners who has always been victims of the shitcoins.

Better investing with a minimum amount you can afford to loose and not about having all your life time savings to invest on the Crypto currencies. Meanwhile, investing and holding with a set of goal while expecting a market rise before selling is usually safer than trading.
Traders actually counts more lost and can as much stand the chances to gain because they do not t resist market price of when to sell and when to buy as inventors may always consider the market price.

I done carefully go through waiting you write and if you look am you talk true and I done enjoy trading and I done also benefit from am, and despite say people they fear, people still they adopt. And if you look way nails people they put body, the thing make sense. And crypto they come with a lot of opportunities and if you learn well true true you go make money from trading. And as people they make profit the same way people  they increase their establishments, a lot of things they involved but people no wan even like stress na very few people they trade comfortably even with waiting they happen for market. 

And trading get risk but nothing concern people with that one, no pain no gain so its better to risk it. Me I even prefer make I they trade than make I hold if I get better money I go hold but for now trading is the way, you go get money to sustain your self, because if you wan hold you go wait and that waiting I must not touch am, I go get were I they see money chop before hunger go wire me. People get reason why them choose the one them they do.

As a trader generally our core motives is to get profit as much as we can get. Although the both approach is very risky and it involves strategic calculation, therefore I will fancy trading my coin and keeping my profit and capital with me. I wouldn't want an situation where I will go and stake my coin in any platform and still find myself under a centralized authority that will dictate amount I will get at the end of the staking period. The same thing that we are trying to avoid from the fiat system. I will trade my altcoins on daily basis and gather my money. If you an active trader with $1m, trading on spot market alone will give you more than what staking will give you within same period of time. The only coin worth holding is bitcoin, so I will use part of my profits I'm making from my trading and invest in bitcoin, as it is the only coin that's worth our loyalty. As a trader you are in full custody of your funds and you can easily change according to market trend, but the moment you stake your coin for loyalty rewards you will find out that there is little or nothing you can do as you don't have total control of the situation. Even if the trends of things in the market is changing, you can't change alongside it, as your funds are locked up somewhere else which you can't do anything until the staking period is over. This is why traders have the upper hand.

If you're a newbie, then i will advise you not to trade, instead hold first and learn how to do so, get familiar with the crypto industry and take your time till you're being able to afford for making trade and taking risk in doing that, instead i do advise some to only invest in bitcoin and wait for some time while their asset increases in value since its on a volatile market, then later when they have gathered enough information and resource that can make afford to go for trade, they may start with as little to avoid high cost on loss.

The thing most newbies and generally everyone don't get about trading is that it's never an easy task as the way most trading influencer and social media influencers make it seems. Trading is something that can take ages to learn and even at that rate if there is no seriousness, you will probably just end up wasting and Gambling your money on one of the most volatile means of accumulating profits in the world of finance. My advice to all newbie coming into the crypto space is that they should be very sure of what particular trend or means of getting profit because sometimes something that seems easy it's never actually that easy at all.

Your post make sense well well,I prefer to buy and hodl make e accumulate for a long period of time, Trading your coin is very risky and should be left for professional becos of the risk involved even d professional traders themself still dey loose money. I prefer to buy the Dip and hodl for a long time bcos d future like dem talk is always brighter.

For me, The general summary to all you have just said is simply go for what you think that works for you, some are good at holding because they have patient, whereas some can't wait for that long time to realize profit, and they would want to trade to make that dollar, Well, my number one choice is holding. You can trade and as well hodl which is the category of crypto enthusiasts I belong to, this way it makes me have more patient to hold my portfolio and not get tempted to touch them until the specific time I'm targeting to sell .

As a trader you always want to be in charge of your money. But if you've got a good savings offer with juicy APR like this one here👉https://www.bitget.com/support/articles/12560603809977 you can take it. But always do your research and be intrigued about the learning process before earning(Result). I'm sure naija folks here are always here to help you if you need it..

E dey very much well for dis kind of people to also know say all dis things no be by mouth only and dey gats put something into it for dem to get achieve the better side of this cryptocurrency. Wetin I mean be say, dem gatz learn one or two wey go guide dem along the way to make better trading strategy so dat them go benefit also from all dis opportunity wey crypto dey provide for people. Trading dey more risky dan trading and if you wan check into the two, dem both get advantage and disadvantages. So to better place yourself for the one wey you fit do, you suppose sabi learn wetin entail for the two strategy wey go make you earn from dis cryptocurrency.


With savings, you risk less to losing more money whereby in trading you risk more to losing more money. Trading also gives avenue to become profitable within a short period of time and savings will only have to test your patience on how far you can withstand the market volatility until your target is reached.
Trading is not for the patient ones, they are for people looking to get quick money in cryptocurrency while savings(holding) on to those coins will always test your patience as a person. They are both good, and have their pros and cons.

First of all, I understand what you are trying to say, but I don't actually knows if the savings you are talking about is either fiat or cryptocurrency, but if it is fiat, then I will never encourage anyone to save in fiat, because inflation is the principal enemy that will reduce the value of any money being saved up, but if it's Bitcoin, then I think it's ideal, because it is an asset that appreciate in value overtime, so it's more productive to build your crypto holding by buying and holding, because with that, you can have stability and continuity.

But as for trading, it's actually not a bad thing being a trader, but you need to be highly skilled in the craft for you to be a profitable traders, if not, it will be losses up losses, while holding is much more easier, even to a newbie investors, so the best way to build a good stash of your Bitcoin holdings, is to buy an hold, but saving of fiat is a no no too me.

There is no accurate answer for this because it completely depends on the person and changes from person to person. If you ask someone like me who don't trade often but just as a part time then definitely doing DCA would be a better option for me compared to someone who does full time trading. I would say it should be 70% DCA and 30% trading. Just my opinion and others are free to dispute or challenge this.

Wetin you talk na true because no be say we dey discourage people to trade o but Bitcoin too get value for person to come dey go trade am with other altcoins naim be why Dem dey advice us for forum here say make we dey buy and hodl. Normally we know say cryptocurrency dey volatile well well and the volatility naim be wetin they cause fluctuations in their prices for market so any body wey fit bear loss for trading fit still trade but make him no too depend on trading because person wey dey trade and person wey dey gamble almost dey the same because you fit lose the profits wey you make within a twinkle of eye while trading. Normally, traders themselves no say risk follow to they keep their assets for centralized exchanges but if na me be them if I trade come make profits na just to carry am buy Bitcoin hold am for non custodial wallets instead of to leave am for centralized exchanges.

There's no accurate answer indeed and my input is that, trading ensures that an investor always has profit no matter the loss and no matter how long, as long the investor keeps improving and enhancing their trading skills, there's always going to be a time to make good returns which could of course increase ones portfolio and savings.
Whereas, savings will require an investor to have a source of income and an amount set aside for just that.

Also, I want to consider those who earn in cryptocurrency or should I say get paid in cryptocurrency and accept crypto currency payments for transaction or services rendered, I would like to think that this is even a better option if a potential investor is considering building their crypto holdings, although taxes may now have to be paid for crypto holdings for those countries or regions where it is regulated and accepted.

Of course, just like what everyone has said, holding our Bitcoin is the safest way to build wealth rather than trading. In Bitcoin holding the owned amount of Bitcoin doesn't changes even during DIPs, only the price value, and as we all know after DIPs comes the Bull which gives a lot of profits. People hold, some trade while a few do both but in essence if we are to pick one out, it is best we hold. Trading will sound too fun due to testimony on how they make a lot of profits, yet it may not be the same for another person. A trader can make a few dollars profits and in the next 5 to 10 mins while trying to increase again lose everything, including the profits and money used in funding the account.

This discussion don tey for this forum but e be like na this one be the first time e dey come out as topic so e go good make we treat one once and for all. E no get any direct answer wey fit come out from this matter because every answer depend on the person involved, wetin him know and wetin him wan achieve. But we gat put average so we fit give the discussion direction. So, make we take person wey get experience for trading and also for holding Bitcoin, for this one, me believe holding sure pass. Na base on the following points I take draw my conclusion:

• Trading require plenty knowledge meanwhile holding just require basic knowledge
• The risk untop trading tie wrapper, meanwhile holding no really get plenty risk
• When you dey trade you fit dey get poorer as time dey go but if you dey hold, you dey get richer with time... na why many traders live in regrets today
• Trading require plenty time to look chat and also implement but holding na cool something wey no go waste your time

I believe say these reasons them dey enough why I saw holding take better trading. People wey no agree with me should bring their reason too make we dey see, all of us dey here to learn.

It is always better to hodl than trade because trading is very difficult and many people are losing fund from it. So if you say it is a nightmare, I won't doubt on it.


Stop loss is a 100% measure for protection of a trader's fund. If you are a trader that use stop loss then you are going to protect your remaining fund from the volatility and it will be 100% safe

Just know it that trading is not easy. Investing in crypto is more profitable than to trade. Though a trader has the possibility of greater profit in ROI and also in danger of greater lose if not losing everything but hodling assets is less risky, you don't lose all except the coin is delisted from exchanges.

Weti you tok na the truth be that, some people no go know say bitcoin e no good to trade but to accumulate am and store them in the portfolio so dat whenever di price rise him go sell am but na trading it is better for use to use altcoins to trade so dat your bitcoins go save for you. And those wey need urgent money to solve some bills na dey like to trade because trading na to get money instantly. And dat one too you to understand weti you dey in the trading process because if you no know weti you dey do then you dey trade to enrich the people wey get the platforms. So if anyone wants to trade make him learn well oh. If not you go finish your money within 2 minutes.

And buy di bear market and hold (, investment) , him dey more secure than di the trading. Investment is stress free business but trading na wahala.

I prefer to take the risk and try to make more than what I expect because by saving there is a limit in number to expect, but not with trading which I could exceed the number that I have set to make if I had saved the money, Also know that in a years time, due to the many things that can happen, any amount of money saved in fiat can loss value to inflation. The only time you should consider saving more than trading is when you know that your knowledge in trading is limited and not enough to make you consistent profit.

In trading its 50/50 and you said you are willing. I think you would give this a second thought if the amount of money that is allocated is high. Ill rather not save but use the money to start us something. The two are risky, if you trade you may end up losing your funds quicker and if you decide to save inflation would catch up on you. Well i think it depends on the individuals financial goal that he may choose to save or trade. If i want to be a millionaire and be financial stable i will not choose to save either ill rather join you and take that risk in trading but i will be very careful in the assets i choose to trade as well.

Trading is good, but I prefer to hold because it is something I have always wanted to do. I know holding requires a lot of sacrifices, such as having multiple sources of income, setting aside emergency funds, and taking your eyes off your assets to allow them to grow more quickly, which I don't think I will have any issues with that. Both holding and trading are risky, but it all depends on the individual's financial status and experience. In my opinion, bitcoin should be used for holding and altcoins for trading. When you contemplate how investors benefit from holding bitcoin , it something you will love to imitate, but in trading, no matter how expert you are, trading will still prove you wrong because of its high level of risk. I always regard trading as a gamble.

I don't think I'll have mind for trading because it's something that is frustrating if you're not used to it, and I can't frustrate myself because I need urgent cash. One thing that I hate about trading is that you can be a millionaire today and tomorrow you'll be indigent, but in holding, I've never heard that scenario before because all you need is basic knowledge and it's something you have to do with your peace of mind and won't waste your time  unless you're a newbie who is thinking of how to get rich quick.

In addition to what everyone have said so far, I think the best or safest way to build crypto is to accumulate Bitcoin and then hold it and remember you can't lose your coin but it may sometimes take long time to skyrocket but I think trading is the fastest way to build your crypto or make money depending on how good you are and it is also very risky because you can make loss at any given time, so the two have there advantage and disadvantage but if you don't want to make loss while building your crypto I think you should go for Bitcoin accumulation but if you want to build your crypto very fast I will suggest you go for trading.

• Safest route: Buying and holding Bitcoin.
  
• Fastest route with increased risks: engaging the market via trading.

It doesn't get simpler than that. The first path is chosen by sized investors who have plenty of capital and can just buy and hold. They don't need Bitcoin's price to move so much in order to profit. The second path comes with increased risks but so does the rewards and it is often the path chosen by the majority because if we're being honest, you're not going to get super rich of wealthy just buying Bitcoin at these prices unless you have a very sizeable position in Bitcoin.

Just checked and this is for Africans right? I'm seeing 20% Apr in 7days on Bitgetearn. Hope this doesn't have any risks? 😆. Anyways regarding OP post. I think if you can't cut it as a trader then exploring other means for passive income would work. But trading is way more better than saving except it's something intentional like what you suggested .