Another thread closed prior to my ability to respond.. .So I will put my response here, since I cannot help myself, sometimes.
[Edited out]
but you should sell at the price higher than your buying price.
That is a bad idea. You are talking about trading bitcoin and trying to gain more dollars from it, which is likely going to be very mediocre for anyone buying bitcoin and selling merely because they are in profits.
Exactly, trading with your Bitcoin is never the right call , you are only reducing the potential of your holding in given you a better profit, in a long run .
Personally, I do not take the position that it is always a bad idea to trade, and surely the idea of trading can sometimes be a bit ambiguous in regards to the objectives.
Frequently, I do suggest that it is way better to build up your BTC holdings prior to even considering whether to sell any of them, and so any time that you are selling your bitcoin, you are either spending and replacing, or you are selling such a small amount that you are not necessarily expecting to be able to buy back, so part of the dilemma becomes when your stash has reached such a size that you are able to start to sell on the way up without necessarily expecting to be able to buy back on the way down, yet at the same time, perhaps considering that if the price does go down, then you will use the proceeds from the sale to buy back.
I consider those kinds of practices to potentially be considered a way of engaging in insurance plays rather than expecting the BTC price to go down.
In other words, there could be a point in your bitcoin journey that you have already considered that you have enough, or you have more than enough, and so at that point, you can project out various BTC prices and even consider yourself able to sell some of you bitcoin as the price goes up.. perhaps even something like around up to 10% for every 100% the BTC price goes up, which may well translate into selling up to 1% every 10% that it goes up. Yet you would be engaging in those sales and not necessarily expecting the BTC price to go back down so it is a kind of raking of profits (I talk about raking ideas
in this post and other parts of the same thread), but no expectation that the BTC price goes back down, yet at the same time you have to have had reached a certain level of over accumulation in order to engage in such practices... and yeah those practices of raking can be compared with trading, but I don't consider them to be trading because they are not engaged in any attempts to predict price, but just sells as the price goes up and buys as the price goes down with little to no variation in the plan based on expectations about what the BTC price will do.. so the price is coming to you rather than trying to figure out where it might go.
I guess that some of the points that bother me about many of the traders is the employment of sales of BTC in order to buy back lower, which I find problematic in regards to ending up in positions of selling too much too soon.
Another thing that bothers me quite a bit is the idea of ongoingly raking off profits in order to live off of those profits, so the profits are measured in dollars, and those kinds of practices tend to really screw up abilities to either compound value (profits in bitcoin) and likely results in quite mediocre performance as compared to just leaving those profits in bitcoin and figuring out other ways to support yourself.. which largely means that there is not enough allowance upon the BTC holdings to continue to grow since in those kinds of circumstances it would be being used as a source of income .. rather than a long term investment to allow to grow.. .which would end up giving the greater value.. and yeah, of course, no guarantees, but at the same time bitcoin has been and likely will continue to but amongst the best, if not the best, place to hold your value, even though there can be a lot of uncertainties in the relatively short term periods, including some of the high prices and difficulties in transacting in recent times.
So it's better to stick with the usual which is to accumulate and to hold , than buying when price low and sell When there's any slight increase in prices.
Of course that is largely the correct conclusion, and I may well be mostly just quibbling with your use of the term "never" when you were talking about trading.. .. yet of course, I am largely sympathetic to the idea of never trading for the more beginner folks who may well need up to a whole cycle to really start to build a decent stash, unless they are able to front-load their investment.. For most normies, it can tend to take more than 10 years before they have more than 1-2 years worth of income/expenses invested into anything whether bitcoin or anything else, so getting to a position of having enough to start to play around with skimming off the top or having enough might mean at least having some kind of minimum level of a few years worth of income already accumulated into their investment portfolio, whether bitcoin or otherwise.
And Bitcoin will soon get to a point when one is going to need a large amount to secure a good quantities for theirselves. Like when bitcoin was still around $10k , investing $1k you can secure 0.1 Bitcoin for yah self. But now investing $1k in Bitcoin recent price which is around $65k one will have 0.015 BTC you can see the different and soon bitcoin is going to 7 digit and as time goes bitcoin will keep in n growing Sonia better forus to use this opportunity to stash as many as we can and hold , rather than trading with it for short-term profits.
For sure, bitcoin remains very powerful in the direction or price appreciation, and there is no real evidence to suggest that it is not going to remain that way... and so one of the dilemmas that newer investors tend to have is to figure out how to play their first whole cycle, since there can be some kinds of anticipations of the BTC price getting overheated, and from my perspective, it is likely going to be better just to DCA through the first 4 years of investing into bitcoin, even though there could be some ways to attempt to tailor those kinds of matters, but if someone is a common man, then part of the presumption would be that he does not necessarily have a lot of spare money that he can invest at any one time.. like lump sums and/or front loading, even though surely we cannot necessarily paint all new investors (and/or common men) with the same broad brush.. but the idea of the common man who is a newbie to bitcoin would either be that he is starting out with investing and building his investment portfolio with bitcoin, or that he had been investing for a while with other kinds of traditional investing and he just recently heard about bitcoin or decided to add bitcoin to his investment.
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