does it really make sense trading on Bitcoin?

[niccolo_21]

since I discovered this crypto market I have always been fond of trading, and I have always tried to train and educate myself to improve my skills.

On the other hand I always had to live side by side with those who call themselves holders, i.e. those who don't take decisions.
They just accumulate no matter what, based on the faith that bitcoin's price will always increase (I said price, not value, on puropse. They talk about disrupting, about new order but all they care for is to have a share of the pie, like anyone else)

Now, this is the exact opposite of what I think of investing: blindingly relying on something that you cannot control but, for the time being, they are being proved right.

If it proves right that the real, deep power of bitcoin is scarcity, and that this scarcity will always push its value (and price) higher, IF this is true, what sense does it even make trading bitcoin?

I mean, you could always do it of course, but there's no much relevance about it..

on the other hand a trader could argue: "look at gold. Gold is scarce as well but it's not always rising".

yes of course, but at the same time it will unlikely come back to its lowest prices, to the price levels of, say, 70s or 80s..

Don't get me wrong, I still hate holders ok, with their mantras, their plan-b and stf shit, butwhat I mean is may be they are right. May be BTC is in that phase where it still pays being herd, the herd of holders..

[boyptc]

Don't mind others' business.

Just mind yourself and how you'll deal with this market. If your sole plan is to do the same as holders, you can follow each step that they do.

But if you don't like them, then dollar-cost average or trade or whichever strategy you come up with. Satisfy yourself which is productive to you.

[Bitcoin_Arena]

Everyone has his own strategy when it comes to crypto and other assets. Always choose to do what you feel comfortable with Traders and holders are all needed in the Bitcoin ecosystem. I do more trading than holding and I still get some decent returns when things go well.
Some people prefer holding crypto for months or years because they have no time doing technical analysis and carrying out those daily trades. So it all comes down to one's personal preference.

[DarkDays]

You shared your view about how you perceive crypto, holders or traders - fair enough. However, saying that holders follow the herd isn't particularly accurate as a person circumstance is different and maybe holding is the right thing for them. Or perhaps they don't have the time or skills to want to trade.

At the end of the day this is irrelevant. For a market to be stable and prosperous, you need to have a balance, and being a holder isn't necessarily bad and nor is a trader. These are just different strategies suited for different people - take your pick 

[stomachgrowls]

Don't mind others' business.

Just mind yourself and how you'll deal with this market. If your sole plan is to do the same as holders, you can follow each step that they do.

But if you don't like them, then dollar-cost average or trade or whichever strategy you come up with. Satisfy yourself which is productive to you.

Nothing beats out and no other thing that would be satisfying if you do just follow your own rules and plans!

It doesnt matter if your a hodler or an active trader as long on what satisfies you then go for it.Dont mind with others sentiments or commentaries because

its your own money and you do have the full rights on how you would gonna deal with the market.If you do lose then its your lose not theirs.So its better to stick on it.

We do have our own ways and own paths to deal on.

[CaVO32]

You shared your view about how you perceive crypto, holders or traders - fair enough. However, saying that holders follow the herd isn't particularly accurate as a person circumstance is different and maybe holding is the right thing for them. Or perhaps they don't have the time or skills to want to trade.

At the end of the day this is irrelevant. For a market to be stable and prosperous, you need to have a balance, and being a holder isn't necessarily bad and nor is a trader. These are just different strategies suited for different people - take your pick 

What more can I say? Mind your own business, as boyptc also implied. And I guess, everyone should do that. It depends on your preferences how you will attack this market, either you can do your day trading or hold? You can also get profits from intermittent trading, however, patience is needed on this aspect. That's why some people prefer to hold because they have no time to subject themselves in this stressful activity. But if you can handle day trading, why not? Some can really accumulate more profits by doing this activity as compared to those that hold for long time.

[shield132]

Everyone has his own strategy when it comes to crypto and other assets. Always choose to do what you feel comfortable with Traders and holders are all needed in the Bitcoin ecosystem. I do more trading than holding and I still get some decent returns when things go well.
Some people prefer holding crypto for months or years because they have no time doing technical analysis and carrying out those daily trades. So it all comes down to one's personal preference.

They are both needed but I hate the culture of holding that turned into HODLing. People just save their bitcoins and don't touch it for months and even years, how good is that for bitcoin ecosystem? Imagine, you have a surplus of money and there are people who need it but you hold it and don't give it to users unless the demand skyrockets and price does the same, then you give away. Personally, I think that money and in this case, bitcoin has to be in massive circulation! I often say that and will repeat again. More holders is similar of being more banks that block the lending and deposit services.

[Kemarit]

Everyone has it's own preferences here, others maybe a bag holder, then there are group of people who loves to trade bitcoin, others look at it as reserve assets, store of money or even currency. So everyone is very different, as bitcoin is a decentralised system so I would say that there are no right or wrong. As long as you are making money here then you are good to go. No need to hate certain group as it is their call.

Gold is different though, it is centralised and we might say that majority are in the government's control.

[MusaMohamed]

On the other hand I always had to live side by side with those who call themselves holders, i.e. those who don't take decisions.
They just accumulate no matter what, based on the faith that bitcoin's price will always increase (I said price, not value, on puropse. They talk about disrupting, about new order but all they care for is to have a share of the pie, like anyone else)

They did to make decisions. If they did not make decisions, they did not spend money to invest in bitcoin. The process of decision-making is different between them: some made due diligent investigation and research, some simply decided to invest after hearing about bitcoin, reading about it and have strong belief in the future of bitcoin.

Now, this is the exact opposite of what I think of investing: blindingly relying on something that you cannot control but, for the time being, they are being proved right.

Some blindly investors are luck if they chose bitcoin. However, I don't know those guys actually care much about bitcoin and back up their private keys in right methods or they already lost their private key and bitcoin. Many bitcoin was lost from early adopters.

If it proves right that the real, deep power of bitcoin is scarcity, and that this scarcity will always push its value (and price) higher, IF this is true, what sense does it even make trading bitcoin?

The fixed and finite total supply, the 4 year cycle of block reward halvings, the total lost bitcoin and the future adoption growth will do help bitcoin has exponential growth in price. Let's think beyond all those things, bitcoin changes the world with its idea, and blockchain technology. That is the most important contribution of bitcoin to the world.

Trading is for two types of people: gamblers who don't know what they are doing, don't aware of risk, and are not able to manage risks. The second type is professional traders who manage risks and capital perfectly and they are the winners on the market.

[Johnyz]

We cannot pleased everybody and we should always mind our own business everyone of us here, have a different goals and plans with Bitcoin. If they are holding Bitcoin for years now then so be it and if they continue to trade every, then that's a risk they are willing to take.

I started to learn Bitcoin since the last bull market and from their I focus on how to create my own strategy and practice myself on how to ignore the noise of the market, so far this is very helpful to me especially on handling my emotions.

[mk4]

On the other hand I always had to live side by side with those who call themselves holders, i.e. those who don't take decisions.

Holding and not trading is a decision in itself.

Now, this is the exact opposite of what I think of investing: blindingly relying on something that you cannot control but, for the time being, they are being proved right.

With that argument, investing in businesses through stocks shouldn't be called "investing" in your view? Just because you don't have any control over it?

"Investing is the act of allocating resources, usually money, with the expectation of generating an income or profit." - Investopedia

If it proves right that the real, deep power of bitcoin is scarcity, and that this scarcity will always push its value (and price) higher, IF this is true, what sense does it even make trading bitcoin?

I mean, you could always do it of course, but there's no much relevance about it..

on the other hand a trader could argue: "look at gold. Gold is scarce as well but it's not always rising".

It's not scarcity alone. It's scarcity, while knowing that there will still be future demand for it.

Don't get me wrong, I still hate holders ok, with their mantras, their plan-b and stf shit, butwhat I mean is may be they are right. May be BTC is in that phase where it still pays being herd, the herd of holders..

It's one thing to disagree with the "plan-b" stuff, but why do you hate holders though? Just because they have a different world view as you? Being a holder doesn't automatically mean you believe in Plan-B's stock to flow ratio.

[maxreish]

Different styles with different btc enthusiasts.
Some just wanted to hold btc for a long time because it is more easier than doing some technical analysis, volume charting monitoring, etc. However, everyone has a one goal that makes sense. Whether you hold btc for long term or you trade it, we all are aiming for "a good profit".

I, myself prefer long term trading now rather than doing margin and swing trading. And whatever path a trader may choose, the essense of doing it right to accumulate profits is more significant

[TitanGEL]

Everyone has it's own preferences here, others maybe a bag holder, then there are group of people who loves to trade bitcoin, others look at it as reserve assets, store of money or even currency. So everyone is very different, as bitcoin is a decentralised system so I would say that there are no right or wrong. As long as you are making money here then you are good to go. No need to hate certain group as it is their call.

Gold is different though, it is centralised and we might say that majority are in the government's control.

Just focus on what you want, you cannot force yourself to do trading if you do not have good skills in technical analysis. I'm a holder before but I switch to become a trader because my character doesn't suitable for holding anymore where I do not have more enough patience. Trading is good as long as you have good planning because it is more complicated when it comes to holding where you just need to have a lot of patience and self confidence in order to do it. Do not misunderstand that holding is easy because it also requires planning and risks management in order for you to successfully do it. You can do both of it but my advice is just choose one because mastery is important and you can become more profitable if you will focus in one area.

[Wexnident]

To each their own I guess? And if you were to start comparing it with gold, I guess we can start with how Gold is initially back then, even when we were still using it as a way of payment itself back in the old ages. Just looking at that, you can see how gold has developed its own market in decades, maybe even centuries (idk, i never studied gold history), where as Bitcoin is only a decade old. Not to mention that people quickly realized the value of Bitcoin as a currency, which is probably why the price fluctuates so much.

And at this point really, even if you hate hodlers, you can't deny the fact that well, they were right. Hodling, so far from the decade that Bitcoin has existed, is a decision that is worthy of its own praise, whether it was done willy nilly, or with a plan in mind. At this point, no one bloody cares why you made that decision, people would most often care about what happened as a result of that decision.

[onecall123]

There will always be options to make profit going through with trading. It’s all about setting your goals, and make a strategy, and then go for it. It ups to you which strategy suite to you. Some feel comfortable with long term positive where others busy with making profit by shorting Bitcoin. It makes lot of sense trading on Bitcoin until it give you regular money, everything co-related with making money and you're FREE to pick any roads.

[cryptoaddictchie]

Don't get me wrong, I still hate holders ok, with their mantras, their plan-b and stf shit, butwhat I mean is may be they are right. May be BTC is in that phase where it still pays being herd, the herd of holders..

Thats up to you and I can see that you are an open minded guy. But these people tend to hold wanted the same thing as for everyone. Gain profits in the long term, its quite working if you buy btc during March Crash, you already have 6x of what you invested. Not bad by simply holding and ignoring the ups and downs of it.

I didn't owned a lot of bitcoin since I prefer to hold others than this, but I am fully confident that bitcoin will do good in the long term perspective.

[cabron]

Its not just the scarcity that's the power of BTC, its the security of its blockchain that is why there is a good value to it. Th volatility of price is just exactly a good reason why you want to trade BTC because it gives you the opportunity to earn from there. Its a double edge sword though. You may earn fro it but it could also turn against you and lose money when trading.

[michellee]

since I discovered this crypto market I have always been fond of trading, and I have always tried to train and educate myself to improve my skills.

This point gives you the ability to trade better from time to time. You can improve your skills in trading and you will have the opportunity to make a profit.

On the other hand I always had to live side by side with those who call themselves holders, i.e. those who don't take decisions.
They just accumulate no matter what, based on the faith that bitcoin's price will always increase (I said price, not value, on puropse. They talk about disrupting, about new order but all they care for is to have a share of the pie, like anyone else)

The holders do not just hold their bitcoin for a long time because they sell their bitcoin to make a profit. But we don't know how many bitcoin that they already sold. Besides selling their bitcoin, they also accumulate the bitcoin by buying more every time the bitcoin price is down.

Now, this is the exact opposite of what I think of investing: blindingly relying on something that you cannot control but, for the time being, they are being proved right.

If you don't know anything about bitcoin, you don't have to invest in bitcoin, and you can select the other investment that you know, so you are not worried about "something that you can not control."

If it proves right that the real, deep power of bitcoin is scarcity, and that this scarcity will always push its value (and price) higher, IF this is true, what sense does it even make trading bitcoin?

Even if bitcoin price will push its value to a high price, it doesn't mean that the price can not down for a long time because we already have seen the bitcoin price in the lowest price from a few years ago.

I mean, you could always do it of course, but there's no much relevance about it..

on the other hand a trader could argue: "look at gold. Gold is scarce as well but it's not always rising".

If you think that gold can satisfy you on the investment side, you should follow other people's suggestions to buy gold from now on and leave bitcoin just what it's like.

yes of course, but at the same time it will unlikely come back to its lowest prices, to the price levels of, say, 70s or 80s..

Don't get me wrong, I still hate holders ok, with their mantras, their plan-b and stf shit, butwhat I mean is may be they are right. May be BTC is in that phase where it still pays being herd, the herd of holders..

That will be up to you if you hate holders, but that is the fact that in crypto, some people already have bitcoin from a long time ago, and they have a huge bitcoin amount that we don't know who they are. But they can not do whatever they want related to bitcoin price because many crypto markets that traded bitcoin right now.

[bittick]

Well, the holders who accumulate for the time being is kinda proven to be true when they said that the price just gonna increase no matter what (i mean at the moment) and for whoever holding the bags from decades ago until recent month has got their time and effort paid off considering the price of btc right as of now.
Becoming trader is not wrong either, you can make as much if not more profit within shorter amount of time it required just do whatever pleases you.

[Dollar_Hunter]

why do you ask like this? Bitcoin trading makes a lot of sense, if you compare it to Gold it will be the same,
even though Bitcoin doesn't have a physical, but Bitcoin has demand and supply, of course this makes bitcoin trading make sense,
enjoy this process, it's not the stone age anymore! this is a age of technology, everything makes sense mate.