Trade vs. HODL - avoid traps

[Pingrapole]

Thank you so much for giving a careful learning process to help newbies like us out of some misconceptions. I am with Bitcoin HODLing Learned about the details before but achieved perfection through this and it is a long term plan and profitable process.We hear a lot about the benefits of trading but many of us do not know the failure stories behind them and having such an advantage at a low risk will help us lot.it is also clear that there are technically profitable ways to do this, I have heard As it is proven then help us to work reliably in the days to come and I want a long term profit and you all say patience is needed here we admit it Kari has been patient actually we are not catching we are just expecting a lot of a profit so we are failing so I am HODLing Who will choose and try to follow the advice of experience.This article will help me in many days to come so thanks again and hope to write more on such important topics.

[Essential10]

You have presented trade vs hold very well here. Trading from hold is more risky. I don't really compare the two because I'm involved in both types. I trade one day at a time in a certain environment. I am involved in both holding and trading. If you trade and hold correctly you will profit from both. Currently we are leaning more towards trading in the hope of short term gains. As Bitcoin is an important currency one should hold and trade very cautiously.

[Ruttoshi]

You have presented trade vs hold very well here. Trading from hold is more risky. I don't really compare the two because I'm involved in both types. I trade one day at a time in a certain environment. I am involved in both holding and trading. If you trade and hold correctly you will profit from both. Currently we are leaning more towards trading in the hope of short term gains. As Bitcoin is an important currency one should hold and trade very cautiously.

Trading shouldn't be something that should be advised that newbies should go into. Majority of traders run at loss because it is hard to predict bitcoin price movement correctly, and trading involves so many skills and charts stuffs that will make one so stressed up when trying to beat the market. The fact remains that, there is no amount of profit that a trader will make that will be as big as what he will make when a hodli for long because bitcoin value increases with timeline.

Trading is for people that are after little profit and only after today, while hodlers are people that invest for their old age when they will no longer be strong to work. Professional traders run at loss but a newbie hodler will not run at loss when he investment in a long term and increase his bitcoin porfolio with regular DCA. As for me I see trading as a waste of time because you might think that you will make profit but end up running at loss. Bitcoin investment is not for short time gains because the market might not move in your favor and there are some wrong decisions that you will make as a trader that you will end up living to regret. Just Hodli and save your investment from loss.

[Agbamoni]

You have presented trade vs hold very well here. Trading from hold is more risky. I don't really compare the two because I'm involved in both types. I trade one day at a time in a certain environment. I am involved in both holding and trading. If you trade and hold correctly you will profit from both. Currently we are leaning more towards trading in the hope of short term gains. As Bitcoin is an important currency one should hold and trade very cautiously.

Trading shouldn't be something that should be advised that newbies should go into. Majority of traders run at loss because it is hard to predict bitcoin price movement correctly, and trading involves so many skills and charts stuffs that will make one so stressed up when trying to beat the market. The fact remains that, there is no amount of profit that a trader will make that will be as big as what he will make when a hodli for long because bitcoin value increases with timeline.

Trading is for people that are after little profit and only after today, while hodlers are people that invest for their old age when they will no longer be strong to work. Professional traders run at loss but a newbie hodler will not run at loss when he investment in a long term and increase his bitcoin porfolio with regular DCA. As for me I see trading as a waste of time because you might think that you will make profit but end up running at loss. Bitcoin investment is not for short time gains because the market might not move in your favor and there are some wrong decisions that you will make as a trader that you will end up living to regret. Just Hodli and save your investment from loss.

You have spoken well. I believe as a newbie there are less amount of asset in the portfolio or more and it will be bad to lose them because of lack of knowledge and ignorance to listen to experienced persons. The hardest part for a newbie is trying to figure out a way to enter the market and trading is never a good start. Instead of trading they should rather start investing gradually to accumulate a good amount first. One thing that affects most newbie is greed. The anxiety to make profit immediately they know about Bitcoin, that is why they mostly go for trading. If only they can take some time to learn better about Bitcoin before going into it in a haste and at the end, they will understand that Bitcoin works better when you invest and hodl for decades. The plan should be not to panic and don't put anything that you're not willing to lose and hodl while do more research for learning purpose.

[mindrust]

https://bitcointalk.org/index.php?topic=5472611.0

I translated your post into Turkish, sorry I didn’t make a request first.

[1miau]

Hi @1miau
Great topic to discuss on my local board.
I would like to do a translation of this topic to my local language Indonesia and post it on the Indonesian Local Board.
https://bitcointalk.org/index.php?board=191.0

Of course, I'm looking forward to your translation.
You can link it here, when it's ready. 

I've reserved the Indonesian translation for you:

Language	translated by	Title
___________________________	_____________________	_______________________________________________________________________
Bahasa Indonesia (Indonesian)	Taufik123	reserved

https://bitcointalk.org/index.php?topic=5472611.0
I translated your post into Turkish, sorry I didn’t make a request first.

No problem, it's added now. 

Language	translated by	Title
___________________________	_____________________	_______________________________________________________________________
Türkçe (Turkish)	mindrust	Al-sat vs. HODL - tuzaklara kanmayın

+1 for your translation. 

[taufik123]

Of course, I'm looking forward to your translation.
You can link it here, when it's ready. 

I've reserved the Indonesian translation for you:

Language	translated by	Title
___________________________	_____________________	_______________________________________________________________________
Bahasa Indonesia (Indonesian)	Taufik123	reserved

Thanks @1miau, I'll work on it soon and post it when it's done.
It may take a few hours or see how my free time goes.

Thanks again for letting me translate your thread.

[BABY SHOES]

In reality, beginners will not pay attention to some of the skills needed in trading.
They are just consumed by FOMO when Bitcoin hype and reaches a new ATH.
They try to trade and end up losing their money and blame it on the fact that trading is detrimental, even though they themselves do not know the knowledge.

Therefore, beginners often ignore what is needed in trading, when FOMO comes of course they want to enter and hope to get a profit in the trade they are doing, not a few are many failures because beginners are not ready in terms of skills and knowledge, so when I am not ready to trade, I will never do it before the skills are qualified.

Being a holder for those who have high patience will be better.
But it must also be supported by quite a lot of funds to get more profit as well.
But if you become a Bitcoin holder when Bitcoin is below the price of $100, it is a gift, and become a rich man if you hold it now.

Patience must be practiced while holding btc, but I'm sure many of us have strong patience for HODL btc.
Regarding funds that must be sufficient, it is important, otherwise investing in btc and holding will become a mess if there is no emergency fund, everything must be prepared so that what is held in BTC is not disturbed by other needs.
I was not an old holder when the bitcoin price was $100, but I still believe that if I hold bitcoin now for the next 5 years it will be valuable in the coming years, so now it is stronger for HODL.

[1miau]

Thanks @1miau, I'll work on it soon and post it when it's done.
It may take a few hours or see how my free time goes.

A few days, even a couple of weeks would still be fine to do your translation.
No need to hurry, I've listed your language (Turkish) as reserved in my overview and you can provide your translation how it's convenient for you.
When you are done, you can announce it in my topic. 

[JayJuanGee]

In reality, beginners will not pay attention to some of the skills needed in trading.
They are just consumed by FOMO when Bitcoin hype and reaches a new ATH.
They try to trade and end up losing their money and blame it on the fact that trading is detrimental, even though they themselves do not know the knowledge.

Therefore, beginners often ignore what is needed in trading, when FOMO comes of course they want to enter and hope to get a profit in the trade they are doing, not a few are many failures because beginners are not ready in terms of skills and knowledge, so when I am not ready to trade, I will never do it before the skills are qualified.

Being a holder for those who have high patience will be better.
But it must also be supported by quite a lot of funds to get more profit as well.
But if you become a Bitcoin holder when Bitcoin is below the price of $100, it is a gift, and become a rich man if you hold it now.

Patience must be practiced while holding btc, but I'm sure many of us have strong patience for HODL btc.
Regarding funds that must be sufficient, it is important, otherwise investing in btc and holding will become a mess if there is no emergency fund, everything must be prepared so that what is held in BTC is not disturbed by other needs.
I was not an old holder when the bitcoin price was $100, but I still believe that if I hold bitcoin now for the next 5 years it will be valuable in the coming years, so now it is stronger for HODL.

For sure ongoing buying is another kind of behavior that should be considered, and HODL might not be enough, and surely trading might be attempted prior to accumulating a very large bitcoin holdings, which might screw up BTC accumulation and even screw up HODLing mentality.. so ongoing BTC accumulation seems to be a great practice for anyone who wants to reinforce HODL ideas and HODL practices, and also ongoing BTC accumulation likely needs some kind of an accumulation target, so if cashflow is continuing to come in from various jobs, it seems necessary to be considering ongoing ways to buy that might involve DCA, buying on dip and lump sum buying, and if BTC accumulation is the goal, then it seems that there is no need to muddy thinking by considering times to sell (or trade) prior to reaching a sufficiently large enough BTC stash in which maybe it might be justified to play around with less than 10% of it.

[BABY SHOES]

For sure ongoing buying is another kind of behavior that should be considered, and HODL might not be enough, and surely trading might be attempted prior to accumulating a very large bitcoin holdings, which might screw up BTC accumulation and even screw up HODLing mentality.. so ongoing BTC accumulation seems to be a great practice for anyone who wants to reinforce HODL ideas and HODL practices, and also ongoing BTC accumulation likely needs some kind of an accumulation target, so if cashflow is continuing to come in from various jobs, it seems necessary to be considering ongoing ways to buy that might involve DCA, buying on dip and lump sum buying, and if BTC accumulation is the goal, then it seems that there is no need to muddy thinking by considering times to sell (or trade) prior to reaching a sufficiently large enough BTC stash in which maybe it might be justified to play around with less than 10% of it.

Of course, sustainable purchases are a good practice even with 1 time HODL is not enough, we will not be able to buy bitcoin at once with a large amount and then HODL, still what is needed is accumulation over time if not done then the btc savings will not be large, therefore the practice of accumulation by means of DCA is a practice that must remain sustainable.

Therefore, I myself do not want to mess up the ongoing HODLing, therefore trading is put aside, I don't even care if some friends profit from trading maybe it will only be for a moment but I make sure to stay strong in mentality with these temptations and will remain focused on DCA accumulation and then HODL all the time as a plan from the beginning before starting investment in BTC.

If for example I think of two things between trading and accumulation, the thinking will be heavier and heavier and the cash flow will be more and more irregular because it is divided by two plans, if trading has a loss then it will be a regret, when HODL the price drops just wait and you will not lose.

[Fuso.hp]

You have presented trade vs hold very well here. Trading from hold is more risky. I don't really compare the two because I'm involved in both types. I trade one day at a time in a certain environment. I am involved in both holding and trading. If you trade and hold correctly you will profit from both. Currently we are leaning more towards trading in the hope of short term gains. As Bitcoin is an important currency one should hold and trade very cautiously.

Both trading and holding are very risky and after accepting this risk you have to trade or hold. I won't compare trading with holding because I think they have different purposes. By holding we mean keeping our investment for a long time. A strong minded person and a person with enough patience can make such a hold. Holding a coin for a long period of time shows that many times the price of the coin goes down a lot due to market volatility or the price of the coin goes up a bit when the market is somewhat positive but a true holder will never get excited at that time rather he will wait for better times. Long-term holders have their own targets. They always think of holding their investments for a long time within a specific target. A long-term holder's mindset is such that he never sells the investments he has taken in his long-term plan, no matter how much money he needs. Mainly because of these things there is a lot of difference between trading and holding. 

I am a bitcoin holder and I hold my investment in long term plan but I do short term trading besides holding bitcoin in long term plan. If I make some money by short term trading I add a part of that profit to my long term investment thereby holding my investment on one hand and on the other hand I make some money by trading that is why I never compare trading and holding.  no

[Chilwell]

I want to request for the translation of this topic to my local board naija board pidgin language.
 https://bitcointalk.org/index.php?topic=5436296.0

Hello  

A translation for our local naija board would be very nice to have.
I hereby give you a permission to translate my topic and I've reserved your translation in my OP:

Language	translated by	Title
___________________________	_____________________	_______________________________________________________________________
Nigeria (Naija)	Chilwell (reserved)	reserved

Trade vs. HODL is a very important issue to make aware of.  

I am done with the translation of this wonderful topic to my local board naija, "pidgin language" here is the link to the translation https://bitcointalk.org/index.php?topic=5472826.msg63103736#msg63103736
For the update of the list.

[paid2]

As part of the AOBT translations, I'm proposing the translation of your topic in French language.

Don't hesitate to let me know if something doesn't seem right.

Trade vs. HODL - Évitez les pièges

[taufik123]

Translating the thread into Indonesian has been completed.
You can see it here

Trading Vs HODL - Menghindari Jebakan

[Magic-Money]

Trading is risky than holding of Bitcoin, which is trading you can make profits and after sometime get lost in the trading, because of technical analysis or fundamental analysis before entry point mistake, which most trader normally makes, in other side of holding is more saved and have rest of mind and only depreciating in value and also recover back and even add value with being doing anything as a Bitcoin holder and patience is the key to success in the business.

[1miau]

Translating the thread into Indonesian has been completed.
You can see it here

Trading Vs HODL - Menghindari Jebakan

+1
Nice to have your translation. I've updated my list and your translation is now included.
I hope, many people will get informaed about Trade vs. HODL on your local board.  

Language	translated by	Title
___________________________	_____________________	_______________________________________________________________________
Bahasa Indonesia (Indonesian)	Taufik123	Trading Vs HODL - Menghindari Jebakan

Trade vs. HODL - Évitez les pièges

+1
French tanslation is nice to have as well, I've added it on my list:

Language	translated by	Title
___________________________	_____________________	_______________________________________________________________________
Français (French)	iwantmyhomepaidwithbtc2	Trade vs. HODL - Évitez les pièges

Thank you very much for presenting my topic on your local board.  

I am done with the translation of this wonderful topic to my local board naija, "pidgin language" here is the link to the translation https://bitcointalk.org/index.php?topic=5472826.msg63103736#msg63103736
For the update of the list.

It's included in my list, well done once again.

Language	translated by	Title
___________________________	_____________________	_______________________________________________________________________
Nigeria (Naija)	Chilwell	Trade vs. HODL - avoid traps

Now, people on your local board can read about Trade vs. HODL, too.   

[Compromise me]

Snip ~

Hi @1miau

This topis is very important and knowledgeable and I take a permission to translate this topic in my local thread Pakistan (Urdu language).

[Nalain420]

Hey @1miau

I am Nalain420 from Arabic board. I have noticed that your beneficial and important topics did not translate in Arabic local borad which should necessarily be translated into local borad so people can easily read these topics

May I requested to you translate this topic in our community (Arabic language)

[1miau]

This topis is very important and knowledgeable and I take a permission to translate this topic in my local thread Pakistan (Urdu language).

May I requested to you translate this topic in our community (Arabic language)

Hello, you two.  

Yes, of course, your languages are still available.
I've approved your translations and it's now officially reserved for you:

Language	translated by	Title
___________________________	_________________________	_______________________________________________________________________
Arabic	Nalain420 (reserved)	reserved
Pakistan (Urdu)	Compromise me (reserved)	reserved

When your translation is done, you can leave a comment here once again and I'll add it to my list.