why you shouldn't trade Bitcoin

[jonald_fyookball]

be a hodler not a trader.  top reasons:

1. most traders lose money.  if you were a
good trader you'd be rich already.

2. why risk losing money trading when
you can hold and have a much higher
probability of making money on
strong fundamentals?

3. thin market = technical analysis
is less reliable, bigger spreads, and
more manipulation.

4. brokers and exchanges are unreliable (gox)

[BTCLovingDude]

i am a bitcoin holder but i like to do some trading on the side in order to try and make some more bitcoin out of it.

[LiteCoinGuy]

be a BTC bitcoiner BTC:

hodl and spend/use some of it! this makes your HODL-coins even more valuable  

[hantmec]

That depends. In both cases you are worried about earning fiat, not bitcoin, which goes against the idea of Bitcoin itself.

Furthermore, holding bitcoin expecting to get rich later is what happens among most bitcoin buyers and probably the HUGEST barrier to bitcoin growth and adoption. Bitcoin should be used as a currency, to buy and sell things. Sitting on huge amounts of bitcoin can be profitable in the long run dollar/euro/yen/general fiat wise, but it does not make Bitcoin work the way it should.

It is a coin, to be used for trading, not an antique artifact to hold until its value grows exponentially and you convert it back to conventional money.

And I'm not blaming anyone directly, I have this mentality myself and only used 5% of my bought bitcoin for shopping.

[LFC_Bitcoin]

be a hodler not a trader.  top reasons:

1. most traders lose money.  if you were a
good trader you'd be rich already.

2. why risk losing money trading when
you can hold and have a much higher
probability of making money on
strong fundamentals?

3. thin market = technical analysis
is less reliable, bigger spreads, and
more manipulation.

4. brokers and exchanges are unreliable (gox)

HODLER right here my friend, I've never sold any & never even attempted to trade. I'm a one trick pony, I've invested in bitcoin & I continue to accumulate, I'm HODLING everything long term.

If bitcoin succeeds big time I win. If it fails I lose. I'm ok with that though, that's what I've chosen to do, I have no interest in trading.

[turvarya]

That depends. In both cases you are worried about earning fiat, not bitcoin, which goes against the idea of Bitcoin itself.

Furthermore, holding bitcoin expecting to get rich later is what happens among most bitcoin buyers and probably the HUGEST barrier to bitcoin growth and adoption. Bitcoin should be used as a currency, to buy and sell things. Sitting on huge amounts of bitcoin can be profitable in the long run dollar/euro/yen/general fiat wise, but it does not make Bitcoin work the way it should.

It is a coin, to be used for trading, not an antique artifact to hold until its value grows exponentially and you convert it back to conventional money.

And I'm not blaming anyone directly, I have this mentality myself and only used 5% of my bought bitcoin for shopping.

That doesn't have to have anything to do with fiat.
I also hope that Bitcoin get so widely adapted and the price goes so high, that I could buy various expensive things, with the Bitcoin I have. That doesn't mean, I want to convert them to fiat.

Also, there is nothing wrong with hodling, since there is nothing wrong with savings. I am not the kind of person that lives from salary to salary, I also had savings before Bitcoin. It is just, that now these savings are mostly Bitcoin instead of Euro in a bank account.
Spend Bitcoin, when it is convenient, which depends strongly on the country you are living in. There is no point in spending 100% of the Bitcoin you have.

[Cryptopher]

Had I have simply gone with the hodl strategy I would have (currently) been down 65% on my investment from a fiat POV, but 1:1 on my BTC.

Having traded BTC I am now 600% my fiat investment or 17:1 on my BTC holdings when I first started.

That is owed to careful trading and a lot of luck.

You're spot on about most traders losing though.

[Netnox]

Well you will become a trader anyway, cus eventually you are going to sell with a big chance you will buy again.

[Beliathon]

be a hodler not a trader.  top reasons:

Supporting violence-backed national bloodscrip by holding it is unethical, that's reason enough for me to keep my wealth in bitcoin.

To endorse fiat is to endorse the violence upon which it is built.

[Amph]

i would say be an holder and a buyer, with this current price it's should be easy for many to buy a good portion of one bitcoin at least

Well you will become a trader anyway, cus eventually you are going to sell with a big chance you will buy again.

i think he is going to hold until bitcoin can be used everywhere, without the need to dump for fiat

[chopstick]

You definitely should trade bitcoin, but only if you can make a guaranteed profit without much risk, such as on a peer to peer marketplace.

Increasing your position is extremely important.

[g1974ak]

I'm am a bitcoin holder and I never have been faith in trade. I know that this is not something that i can be proud but iy is a fact. I never believed on the trade and in the ability to predict the price. Except a very limited cases when this is possible and that van be verified very rarely I think that all the other cases are speculation and as such must be treated.

[alva5763]

It is up to each individual as to why they have bitcoin and what they want to do with it. If I can make a profit trading then that is my choice. Each to their own.

[Za1n]

Yep, no sense in day-trading, I mean just hold out for maybe $1,000 again in a year or maybe two, meanwhile $20 and $50 bills are flying past your window everyday.

[twister]

I would love to hodl but I end up spending/gambling them and I don't know if that's good or bad but it can't be bad because after I have spent them all I buy more immediately, like today I am almost out of bitcoins and the local guy I rely on to buy bitcoins from safely with cash is said to be away on holiday and I am trying to find an alternative.

[jonald_fyookball]

You definitely should trade bitcoin, but only if you can make a guaranteed profit without much risk, 

No such thing.

[gentlemand]

You definitely should trade bitcoin, but only if you can make a guaranteed profit without much risk, such as on a peer to peer marketplace.

And if you avoid death you will never die. Sounds like a pretty good deal to me.

[dollarneed]

i think we should trade bitcoin,
as we know that we cannot control the markets but we can control our bitcoin and our risk on each and every trade that we make,by managing our bitcoin correctly on every trade we can relax.
And theres one thing do not think about how much money you can make on a trade, think about how much money you can lose if your wrong!

[AtheistAKASaneBrain]

That depends. In both cases you are worried about earning fiat, not bitcoin, which goes against the idea of Bitcoin itself.

Furthermore, holding bitcoin expecting to get rich later is what happens among most bitcoin buyers and probably the HUGEST barrier to bitcoin growth and adoption. Bitcoin should be used as a currency, to buy and sell things. Sitting on huge amounts of bitcoin can be profitable in the long run dollar/euro/yen/general fiat wise, but it does not make Bitcoin work the way it should.

It is a coin, to be used for trading, not an antique artifact to hold until its value grows exponentially and you convert it back to conventional money.

And I'm not blaming anyone directly, I have this mentality myself and only used 5% of my bought bitcoin for shopping.

But you can't tell people what to do with Bitcoin. It's normal that holders feel like they are wasting money by buying something mundane like doing groceries or a cup of coffee with BTC when you get no benefits by doing so, it feels like paying with gold.

In the future when goverment get rid of cash, then it will make more sense. Meanwhile im holding all of it.

[HCLivess]

be a hodler not a trader.  top reasons:

1. most traders lose money.  if you were a
good trader you'd be rich already.

2. why risk losing money trading when
you can hold and have a much higher
probability of making money on
strong fundamentals?

3. thin market = technical analysis
is less reliable, bigger spreads, and
more manipulation.

4. brokers and exchanges are unreliable (gox)

I traded some LTC successfully but yeah, I was mainly lucky - and I trade on 1 per year basis max