Trade vs. HODL - avoid traps

[ajiz138]

More trust in HODL than Trading.
Trades are too complicated to think about too difficult in technical analysis always mind drain gets stressed so I left the trade this is not the best way to make a profit if comparison with HODL is clear I opted for this because there is nothing to focus on right except don't sell our holdings in our hands, I believe what is the goal for HODL it will be more profitable.

Trying to keep getting bitcoins from DCA as well as my lump-sum will stay consistent with what I've been doing so far and now I have almost half of the bitcoins in my hands as a result of HODL bought regularly using the above method, at this point I believe how is the 4 year cycle really going to happen then i will leave the bitcoins in the hardware wallet for years.

HODL....

[tvplus006]

...One of those traps is to fall for the misconception to increase Bitcoin profits from trading...

There are a large number of investors who don't accept trading, leaving the main priority to HOLD BTC. And it is obvious that you belong to this category of people. But I think that increasing increasing the number of bitcoins in my wallet will be more attractive than just HODL. And for such an increase in BTC, I use the ETH/BTC trading pair, since this trading pair is safer for me, regardless of where the price goes.

[pixie85]

I have tried bitcoin trading and failed, I learned technical analysis but again failed. Bitcoin just doesn't follow the technical analysis terms like the forex or it is me who is failed to give my 100% effort on learning and implementing those into bitcoin trading.

But after trying so many years, probably a good 4 years trying to trade bitcoin successfully (make profit day trading), I gave up 2 years ago. Now I can live my life peacefully and avoid day trading.

You did not fail. You chose the wrong path the way people choose a sport. You get told that snowboarding is great so you try that and after a few days of struggling you try skiing and find that it's easier and gives you more fun.

Trying is never a bad thing.
Trying and sticking with something you don't like doing and you're not getting better at is a bad thing and not trying is a real failure.

Bitcoin is too manipulated and people panic too much because they don't understand it, which is why it's so hard to predict its moves.

[kamvreto]

People without any trading experience and try Holding Bitcoin for a period of 4 years or adjusting to a 4-year cycle would be better than having to trade for 4 years with analysis that will burden the mind and psychology.
I also tried to trade during this time to earn a year's worth of profits.
Of course, there will be losses and gains.
But when I held for 1 year the profit was even more from quite complicated trades with the same investment amount.
So it's better to do Holding for long-term investment than having to trade every day.
The mind can be calmer without the burden of having to think about analysis. it remains only to determine when to enter the market and when to get out to take profits.

But will it work for everyone?
Because everyone has their own decision.

[bounceback]

No matter how good the analysis we make, there is no guarantee for us that market movements will always move as we expect, maybe so far only some of the lucky ones have been able to get a return on trading and even then it doesn't make them feel the same profit on the next trade, but if holding bitcoin, so far it has been proven to be able to provide greater returns for people who have strong hands who are able to hold bitcoin in the long term because if we look at the history of price movements, bitcoin has always experienced growth in value from time to time caused by continued growth in adoption increases thus making the supply of bitcoins scarce in circulation thus pushing the price higher as demand continues to increase.

[EFS]

As someone who has done both for years, I think it's a matter of balance. There are times when you can make good money by trading. There is no harm in trading knowing the risks and limits. The biggest mistake of traders is that they use all the money they have. If you separate your trading balance and long term hodl balance, everything will be fine. Thus, you won't miss out on trading opportunities and you will continue to accumulate BTC regularly. This plan will work as long as you are disciplined.

[pooya87]

Hodling can work really well for certain altcoins as well. The only problem being that you need to actually pick the correct ones, in which is very difficult to do — it's pretty much like looking for a needle in a haystack.

Yeah, that is very rare and only works in very specific time frames like when the big altcoin is starting to get pumped for the very first time. For example buying the shitcoin called ETH in its early days and bag holding it for a while would have given you a lot of profit.

But generally speaking buying altcoins and bag holding them is never a good idea specially if you are investing your bitcoin in them. For example 0.15BTC invested in the same shitcoin called ETH 5 years ago is now worth only 0.07BTC which is more than 50% loss.

[cryptoaddictchie]

The biggest mistake of traders is that they use all the money they have. If you separate your trading balance and long term hodl balance, everything will be fine. Thus, you won't miss out on trading opportunities and you will continue to accumulate BTC regularly. This plan will work as long as you are disciplined.

This is a good routine actually but majority are probably doing all in when they are trading for something either its short term and long term. Thus leaving no budget for such opportunity since they are being held up by their holdings. Pretty much, reminding me of myself when I was still too naive to do many investment. Didnt bother if there are no fiat stablecoins standing by.

[Getmon]

Individuals frequently trade bitcoins in the hope of quickly increasing their holdings. However, trading is a challenging endeavor. Many traders are losing money rather than making money. Therefore, we may occasionally believe that trading is merely a waste of time and effort. We also cannot remember how many times we were stressed out after losing a lot of trades. When I think the market is about to change direction, I trade, but I mostly trade altcoins because they are mostly used for speculation.

[SOKO-DEKE]

Trading is not that simple; regardless of how proficient you are in technical analysis, you will occasionally fail. Many people have tried trading before, and many of them fail in spite of the time they invest in the analysis. Therefore, I don't believe that trading, especially short trading, is the best course of action. In actuality, trading is riskier, more stressful, and takes more time than holding. Holding is a straightforward investment strategy, particularly for Bitcoin. Additionally, due to the scarcity of Bitcoin after the halving phase every four years, if you can hang onto your Bitcoin investment for a long time, you will undoubtedly profit from it, compare to trading that you can profit easily  and as well you can  encounter loss also easily.

[salad daging]

People without any trading experience and try Holding Bitcoin for a period of 4 years or adjusting to a 4-year cycle would be better than having to trade for 4 years with analysis that will burden the mind and psychology.
I also tried to trade during this time to earn a year's worth of profits.
Of course, there will be losses and gains.
But when I held for 1 year the profit was even more from quite complicated trades with the same investment amount.
So it's better to do Holding for long-term investment than having to trade every day.
The mind can be calmer without the burden of having to think about analysis. it remains only to determine when to enter the market and when to get out to take profits.

But will it work for everyone?
Because everyone has their own decision.

When compared, it is calmer with holding bitcoin than trading all year round. I also feel how my mind is burdened during trading, of course this affects psychologists, sometimes I can't even sleep when I experience losses from trading.
Regarding losses and profits, of course this is always natural, but my mind is more drained on trading than holding bitcoins, now I'm starting to try to stop not doing serious trades, which means not too often because I will focus more on holding bitcoins that have been planned for the year then and now has been successful enough to survive to continue to acquire bitcoins.

I feel how too complicated to walk with crypto.
I despise shitcoin for the long term.

[kamvreto]

When compared, it is calmer with holding bitcoin than trading all year round. I also feel how my mind is burdened during trading, of course this affects psychologists, sometimes I can't even sleep when I experience losses from trading.
Regarding losses and profits, of course this is always natural, but my mind is more drained on trading than holding bitcoins, now I'm starting to try to stop not doing serious trades, which means not too often because I will focus more on holding bitcoins that have been planned for the year then and now has been successful enough to survive to continue to acquire bitcoins.

there is no doubt that holding bitcoins is the best solution when all the altcoins or some shitcoins start to collapse.
Starting trading with bitcoins and then becoming a bitcoin holding which gives many advantages.
Trading always drains the mind and psychology will continue to play. the right choice when you cut down on intense trading and do bitcoin holding, buy gradually up to a certain time period and sell it when the target price is reached.

I feel how too complicated to walk with crypto.
I despise shitcoin for the long term.

About the image that you embed, Maybe the correct one is BITCOIN VS ALTCOIN/SHITCOIN, because crypto covers everything, bitcoin also includes cryptocurrency or digital currency

[Franctoshi]

Trade vs. HODL

Bitcoin's fundamentals make it very suited to HODL because Bitcoin’s supply is limited to 21M units itself. By HODLing, Bitcoin should increase likely in value long-term and HODLing is our safest way to make a profit. Low risk – likely to succeed.
But we need to be patient and favor safer long-term gains instead of quick but more insecure profits.

Stay away from trading by technical analysis
Some people have claimed, that trading by technical analysis is a reliable way of making money – it’s not true because it's very risky, especially for short terms (daytrading). If technical analysis would be predictable, it would be easy to take a credit, give it to a
Because if technical analysis would be a realiable way to generate profits, everyone would be a millionaire.
Such a program does not exist because it doesn’t work. Technical analysis is not predictable and doesn’t generate reliable

Base on Trading vs HODLing of Bitcoin, Obviously Hodling is simply the best way to profit from investing in Bitcoin along the run.
Trading is risky and hard to profits ,However I don't discourage whomever that finds passion in trading and is making profit from it, I have a long term Bitcoin holding and also have a portfolio where I trade Bitcoin to get more Bitcoin.

But for Newbies into the space, the best option for them to navigate profitably is HODLing.

[ScamViruS]

I have tried bitcoin trading and failed, I learned technical analysis but again failed. Bitcoin just doesn't follow the technical analysis terms like the forex or it is me who is failed to give my 100% effort on learning and implementing those into bitcoin trading.

But after trying so many years, probably a good 4 years trying to trade bitcoin successfully (make profit day trading), I gave up 2 years ago. Now I can live my life peacefully and avoid day trading.

I also tried trading and failed every time. Because once I made a profit, the second time I became emotional with the trade and lost that profit and capital with it. And in this way I lost a huge amount of funds. Trading seems very stressful to me.

So I reduced the amount of trading funds and focused more on holdl, thereby reducing the stressful life a lot.

[freedomgo]

Stay away from trading by technical analysis


HODL instead!
.
.

tl;dr:
HODL, don't trade!  

I tend to agree with this and I think you nailed the right point.

I tried trading once when I had free time when I don't have a small business outside but now, I can't focus too much on crypto just like trading which is time-consuming, or else, it's a wasting time.  Technical analysis won't work, it might I believe in fundamental analysis that's based on news than this technical analysis.  It's always the price is unpredictable.

I learned to HODL in the long-term and aim for profit than trading.
But, if you want to gamble your money and have a short-term of waiting profit, trading is good for you.  It's a high risk if you're lucky enough, there will be a quick profit too.

The market is so unpredictable so even if you have the best of your technical analysis, that won’t work anymore. That is why trading these days may mostly turn out into gambling, except for those professional traders who really have their own guts to trade and still succeed. But for beginners who aim to trade to maximize their profits, it’s better to just focus on hodling first and when they think they’re ready to lose, they can start trading at their own calculated risk.

[Ryker1]

^[snip]
But for beginners who aim to trade to maximize their profits, it’s better to just focus on hodling first and when they think they’re ready to lose, they can start trading at their own calculated risk.

As they have said, you will never learn in trading if you don't try it, so it is expected that you will encounter losses while you are trading and trading does not mean you will always make a profit. Sometimes you need to gain knowledge from experience and an expert in trading will never call an expert if they don't have experienced massive losses in trading. So if you don't want to get a loss, never do trading but instead hold which is safe than trading. We have different preferences on how to gain profit in the crypto market, in holding you will never see a quick gaining profit, it takes a matter of time, not like trading, it is just a matter of an hour you will see your profit if you are good at it.

[martyns]

As someone who has done both for years, I think it's a matter of balance. There are times when you can make good money by trading. There is no harm in trading knowing the risks and limits. The biggest mistake of traders is that they use all the money they have. If you separate your trading balance and long term hodl balance, everything will be fine. Thus, you won't miss out on trading opportunities and you will continue to accumulate BTC regularly. This plan will work as long as you are disciplined.

Well,I am not a fan of trading because I don't trade,but I'm now seeing that if I should follow what you said,It will work,and I'm going to try is this tnow.And ofcourse I am aware that if you trade,you can get immediate profit,which long term hodlers won't get.but in thesame vein,I still prefer hodling because I don't see the much risks involved,rather it will just required your patience,as long as you can wait,then there is every tendency that your investment won't be a waiste considering the fact that you didn't rush  while others where rushing to trade.

[michellee]

A few months ago, I tried to trade again because I saw an increase and decrease in bitcoin. But it turned out to be not as easy as I imagined because at that time when the price goes down, it doesn't increase immediately but often, the price goes down again and stays there for some time. This made me have to wait a bit longer and I had to endure it.

And since then, I've been trying to just buy at a low price and collect it and hold it because I know that analyzing the movement of bitcoin is not easy and the price can also move anywhere. If you want big profits in the future, you just need to buy and hold it until the price reaches the new ATH again. And if it's still under $40k, that's a good price to buy.

[JoyMarsha]

There is this saying in crypto that says ''to make profits in crypto you must learn how to hodl''. I have not been relenting from it. Any other thing I am being advised to do apart from that(hodl) doesn't work for me. I can't go into technical analysis when I know how unpredictable and volatile the crypto market is. I prefer sticking up to my bitcoin plan of long-term profits than trading for short-term  profits

[1miau]

Hodling can work really well for certain altcoins as well. The only problem being that you need to actually pick the correct ones, in which is very difficult to do — it's pretty much like looking for a needle in a haystack.

Good point, it's really difficult to find such Altcoins and people tend to "diversify" by buying multiple Altcoins for HODLing and the result is a huge loss for most Altcoins, while only a few Altcoins will deliever good gains. On average, "diversified" Altcoin HODLers will make a loss.
I'm sure we could make some great statistics here but I've tried to describe it here: Is diversification into different coins really a good advice for Newbies?

In addition, Bitcoin is very suited for HODL because it's capped at 21M coins.