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Author Topic: Trading as wealth.  (Read 879 times)
michellee
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February 11, 2023, 10:05:53 AM
 #41

Crypto investing on the other hand is much easier to do than in trading but indeed it doesn't make us rich overnight. This is the only downside of investing as it requires enough patience.

that is the main thought that should be given to every beginner. that trading and investing in crypto will not make us rich overnight. many beginners are guilty of understanding this. because of the hype that happened and was reported in the media in a very extraordinary way. many newbies are interested in doubling their money in crypto trading.
hard to explain to those with such ambition. if anyone thinks like that and asks me for help or opinion, I probably won't take it seriously.
In a situation like that we also can't blame them beginners who have thoughts like that, because surely they have thoughts like that because they lack knowledge about what trading or investing really is. Now, our job here is to understand first to educate them about what they do, in this case trading or investing. That way they will be able to understand and no longer have the thought that trading will make them rich in an instant.
But they also need to learn more about both, be it trading or investing, to know the differences. Maybe we can provide a list or source that is their reading material to increase their knowledge. But to develop, they need to train on their own because the experience will help them develop better. Trading or investing cannot make them instant riches because there is nothing that can give them instant riches. We must try to do many things first, then we can get money and only then can we become rich. But trading and investing can indeed make them rich one day but of course, with the conditions that apply.

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February 11, 2023, 12:20:13 PM
 #42


But they also need to learn more about both, be it trading or investing, to know the differences. Maybe we can provide a list or source that is their reading material to increase their knowledge. But to develop, they need to train on their own because the experience will help them develop better. Trading or investing cannot make them instant riches because there is nothing that can give them instant riches. We must try to do many things first, then we can get money and only then can we become rich. But trading and investing can indeed make them rich one day but of course, with the conditions that apply.
Yes, there is a significant difference when it comes to trading and investing, and I agree that they should understand both even if they don't make either of the two choices. For those of us who have first jumped into that space, maybe we will think it's strange when someone thinks of getting rich quick by doing that.
Oh yes, some time ago I was also met by a friend who knew that I was trading and investing, and how surprised I was when he wanted to give me money as capital, and he easily said to divide the profits in 2.  Huh

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February 11, 2023, 02:41:44 PM
 #43

But they also need to learn more about both, be it trading or investing, to know the differences. Maybe we can provide a list or source that is their reading material to increase their knowledge. But to develop, they need to train on their own because the experience will help them develop better. Trading or investing cannot make them instant riches because there is nothing that can give them instant riches. We must try to do many things first, then we can get money and only then can we become rich. But trading and investing can indeed make them rich one day but of course, with the conditions that apply.
If applied correctly, this can bring some profit, but it will take a lot of time and experience to talk about wealth. In addition, even with good knowledge without the presence of start-up capital, it will also be very difficult to achieve wealth.

In addition, if you learn trading from scratch, it will take several years to understand in practice how the market works and start making some kind of profit. Trading is hard work, and although investing is not much easier, I still believe that a beginner has a better chance if he invests in bitcoin for the long term.

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February 11, 2023, 05:15:57 PM
 #44

But they also need to learn more about both, be it trading or investing, to know the differences. Maybe we can provide a list or source that is their reading material to increase their knowledge. But to develop, they need to train on their own because the experience will help them develop better. Trading or investing cannot make them instant riches because there is nothing that can give them instant riches. We must try to do many things first, then we can get money and only then can we become rich. But trading and investing can indeed make them rich one day but of course, with the conditions that apply.
If applied correctly, this can bring some profit, but it will take a lot of time and experience to talk about wealth. In addition, even with good knowledge without the presence of start-up capital, it will also be very difficult to achieve wealth.

In addition, if you learn trading from scratch, it will take several years to understand in practice how the market works and start making some kind of profit. Trading is hard work, and although investing is not much easier, I still believe that a beginner has a better chance if he invests in bitcoin for the long term.

Trading couldn't become our wealth not unless we invest time and seriousness in adopting knowledge about it. It requires perseverance to learn and understand everything including the basic fundamentals up to the most complex strategies. We can make profit from it but it s not as easy as what others think. It could still be filled with challenges since the prices of cryptocurrency are volatile. It's how we understand and deal with the challenges of the market that could bring wealth.
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February 11, 2023, 11:05:26 PM
 #45


Trading is simple, but not as simple as one might think. I am very clear about this assumption because basically anyone can buy anything and at any price, it is free for everyone. But analysis can help traders buy at prices that tend to be more profitable where low prices are the main target for starting entry. However, analysis is not as easy as we speak, it is much more difficult for beginners or still difficult for anyone who does not want to learn even if they have been involved in this space for many years.
Between trading and long-term investment, both have advantages and disadvantages, it all depends on how we manage these long-term trades and investments. Those professional traders can make a lot of profit from trading and those who patiently buy gradually for long-term investments also do not lose and have a lot to gain when they cut their profits.

Quote
No matter how simple trading is, it is not as good as long-term investing. Bitcoin is one of the most profitable assets in the long term, and anyone can do it.
Bitcoin long term is also beyond doubt, highly recommended.
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February 12, 2023, 04:15:14 PM
 #46


But they also need to learn more about both, be it trading or investing, to know the differences. Maybe we can provide a list or source that is their reading material to increase their knowledge. But to develop, they need to train on their own because the experience will help them develop better. Trading or investing cannot make them instant riches because there is nothing that can give them instant riches. We must try to do many things first, then we can get money and only then can we become rich. But trading and investing can indeed make them rich one day but of course, with the conditions that apply.
Yes, there is a significant difference when it comes to trading and investing, and I agree that they should understand both even if they don't make either of the two choices. For those of us who have first jumped into that space, maybe we will think it's strange when someone thinks of getting rich quick by doing that.
Oh yes, some time ago I was also met by a friend who knew that I was trading and investing, and how surprised I was when he wanted to give me money as capital, and he easily said to divide the profits in 2.  Huh
But it's normal that there are people who think they can get rich quickly from crypto because if we look at Youtube, there will be lots of people or Youtubers who say you can get rich quickly if you invest in coin A or follow my method to get rich quickly in a short time and so on. But if they never want to learn how to invest properly or trade properly, it will all be impossible to achieve. However, to become an expert in trading, one must learn more than others and practice as much as possible with small capital.

I suggest not accepting his offer because we have to be responsible for the money and it also does not guarantee we can profit in trading.

But they also need to learn more about both, be it trading or investing, to know the differences. Maybe we can provide a list or source that is their reading material to increase their knowledge. But to develop, they need to train on their own because the experience will help them develop better. Trading or investing cannot make them instant riches because there is nothing that can give them instant riches. We must try to do many things first, then we can get money and only then can we become rich. But trading and investing can indeed make them rich one day but of course, with the conditions that apply.
If applied correctly, this can bring some profit, but it will take a lot of time and experience to talk about wealth. In addition, even with good knowledge without the presence of start-up capital, it will also be very difficult to achieve wealth.

In addition, if you learn trading from scratch, it will take several years to understand in practice how the market works and start making some kind of profit. Trading is hard work, and although investing is not much easier, I still believe that a beginner has a better chance if he invests in bitcoin for the long term.
Many people have proven it by continuing to try to learn and practice to benefit from trading. For initial capital, we can try with small capital first because we need to get used to the market's real conditions, which will be different from when we practice.

And it is only a matter of time for you until you can become a pro at trading. But if you just want to invest, that's also okay because it might be a good choice for you, especially those who don't have much time to analyze market conditions. A beginner willing to learn more will become a pro in time.

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February 13, 2023, 04:47:57 AM
 #47

There is nothing that brings fast money and wealth than trading,especially when you invest a huge amount of money,If the market goes successfully,then the amount recieved will be very huge ,and it will change a lot of things about you.Trading is very essential for people looking forward to becoming successful in life.I know there are sometimes when the market is bad,and it makes trading very risky,but when luck wants to be on your side,everything will work smoothly,and you will win a huge amount of money as expected.But it's just always good to try first.
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February 13, 2023, 07:10:15 AM
 #48

There is nothing that brings fast money and wealth than trading,especially when you invest a huge amount of money,If the market goes successfully,then the amount recieved will be very huge ,and it will change a lot of things about you.Trading is very essential for people looking forward to becoming successful in life.I know there are sometimes when the market is bad,and it makes trading very risky,but when luck wants to be on your side,everything will work smoothly,and you will win a huge amount of money as expected.But it's just always good to try first.

When one depends on luck been on their side then they're gambling and not trading, with trading anyone engaging in it should be assured of having a successful trade based on how they have predicted the market by studying the charts. With the charts they should be able to decode if the market is going bullish or heading for a downfall which is bearish and be able to set their entering order.

I don't believe trading is wealth as statistically the data doesn't support that claim. We have a higher rate of losers than winners when it comes to trading as a majority of the trader are at lost so trading mightn't be creating wealth as people think instead investing is the way to go if you're truely interested in making generational wealth.

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February 25, 2023, 11:33:14 PM
 #49


Trading is simple, but not as simple as one might think. I am very clear about this assumption because basically anyone can buy anything and at any price, it is free for everyone. But analysis can help traders buy at prices that tend to be more profitable where low prices are the main target for starting entry. However, analysis is not as easy as we speak, it is much more difficult for beginners or still difficult for anyone who does not want to learn even if they have been involved in this space for many years.
Between trading and long-term investment, both have advantages and disadvantages, it all depends on how we manage these long-term trades and investments. Those professional traders can make a lot of profit from trading and those who patiently buy gradually for long-term investments also do not lose and have a lot to gain when they cut their profits.

Quote
No matter how simple trading is, it is not as good as long-term investing. Bitcoin is one of the most profitable assets in the long term, and anyone can do it.
Bitcoin long term is also beyond doubt, highly recommended.

Long term traders always make a lot of money as long term trading can become an investment and if you choose a currency like Bitcoin you will most likely make short, medium or long term profits that is the advantage of Bitcoin.

The bitcoin market has a lot of volatility, it can make the price go up or down, you don't know.To guarantee success in an investment, you have to be patient and very willing not to withdraw your investment in case things go wrong, because bad news, fundamentals, wars are going to appear, and that obviously makes some investors panic and sell.

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February 26, 2023, 06:37:22 PM
 #50

But it's normal that there are people who think they can get rich quickly from crypto because if we look at Youtube, there will be lots of people or Youtubers who say you can get rich quickly if you invest in coin A or follow my method to get rich quickly in a short time and so on. But if they never want to learn how to invest properly or trade properly, it will all be impossible to achieve. However, to become an expert in trading, one must learn more than others and practice as much as possible with small capital.

Talking about YouTubers or influencers who are in the cryptocurrency environment, be it trading or investing, they are indeed one of the people who previously were not interested or didn't even know about this matter to know. I won't blame them, but it would be better if they educate a lot than tempting profits if their followers join cryptocurrency. Because, I often see them only showing their profits, without giving an in-depth explanation. It's things like this that make them beginners have a mindset that shouldn't exist in their minds.

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February 26, 2023, 08:10:46 PM
 #51

Long term traders always make a lot of money as long term trading can become an investment and if you choose a currency like Bitcoin you will most likely make short, medium or long term profits that is the advantage of Bitcoin.

The bitcoin market has a lot of volatility, it can make the price go up or down, you don't know.To guarantee success in an investment, you have to be patient and very willing not to withdraw your investment in case things go wrong, because bad news, fundamentals, wars are going to appear, and that obviously makes some investors panic and sell.
It depends on the ability of the person. A long term investing will still be useless if the one that initiates it is dumb or inexperienced but if I where to give my opinion I think short term trading is much profitable because the action is done frequently. If a trader lose, they will move on and try again until they hit the jackpot but in long-term investing or trading. They will still need to wait for ages before they can be able to profit and sometimes these profits are not big enough if they pick up a bad coin.

Both investing and trading has their own difficulties. In investing the main solution to survive the negativities is to get out of the market and come back only after some time. In trading, you have to practice dealing with your emotions.

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February 26, 2023, 08:21:45 PM
 #52

But it's normal that there are people who think they can get rich quickly from crypto because if we look at Youtube, there will be lots of people or Youtubers who say you can get rich quickly if you invest in coin A or follow my method to get rich quickly in a short time and so on. But if they never want to learn how to invest properly or trade properly, it will all be impossible to achieve. However, to become an expert in trading, one must learn more than others and practice as much as possible with small capital.

Talking about YouTubers or influencers who are in the cryptocurrency environment, be it trading or investing, they are indeed one of the people who previously were not interested or didn't even know about this matter to know. I won't blame them, but it would be better if they educate a lot than tempting profits if their followers join cryptocurrency. Because, I often see them only showing their profits, without giving an in-depth explanation. It's things like this that make them beginners have a mindset that shouldn't exist in their minds.
Its quite misleading but at the same time it do create that kind of curiosity which do really adds up that kind of recognition which it would really be that something that we do really need
when it comes to exposure specially on crypto space. Trading could really bring some wealth if you do really know on how to play with those moving prices.
Trading could really bring that wealth but of course there are people who are on the losing side of things too.  Expertise would only come basing up on the time and effort
that you had made over a period of time.

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February 26, 2023, 09:52:43 PM
 #53

There is nothing that brings fast money and wealth than trading,especially when you invest a huge amount of money,If the market goes successfully,then the amount recieved will be very huge ,and it will change a lot of things about you.Trading is very essential for people looking forward to becoming successful in life.I know there are sometimes when the market is bad,and it makes trading very risky,but when luck wants to be on your side,everything will work smoothly,and you will win a huge amount of money as expected.But it's just always good to try first.
This is not easy, even if you have the money you can’t still make some profit if you are not knowledgeable enough about how trading works, so better no to fully rely on this. Trading can’t make wealth in an instant, it will always take time because losing in trading is normal as well. If you do focus on your strategy consistently, then there’s a higher chance of getting more profit and probably you might be able to reach your goal in trading.
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February 27, 2023, 05:56:02 AM
 #54

Like every goals trading is likely to give everyone what he desires.
     Let me go to the point trading has to do with either physical market or online marketing also know as digital marketing. On digital marketing trader are likely to use cryptocurrency which can be .
  Bitcoin
  Bitcoin core
  Ethereum.
  Or trading on asset such as
   Gold
  In the global economy today cryptocurrency trading tend as a wealth over physical trading, like wise investing on cryptocurrency contribute to ones income.
  Let go into the society as a whole most wealthy and stable individual are in there position today as a result of investment which is cryptocurrency when we look at them most of them are into trading of assets. That is to say cryptocurrency add positive value in terms of wealth to investment management.. in order word I stand by advising everyone to engage into business with cryptocurrency.

I hope all gamblers are like you, you are very lucky, just real talk. If I look at the history of your gambling story, I can say that this is not a barber's story, but a true story. If I was one of the friends you offered who didn't listen to you, for sure I would feel regret and envy you.

        But a friend of yours was also lucky to bet 100$ and now it is also a big help to him and he is also very grateful to you for believing in and trusting you. Congratulations as well as those who have posted here before on the topic you have created.

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February 27, 2023, 08:11:56 AM
 #55

There is nothing that brings fast money and wealth than trading,especially when you invest a huge amount of money,If the market goes successfully,then the amount recieved will be very huge ,and it will change a lot of things about you.Trading is very essential for people looking forward to becoming successful in life.I know there are sometimes when the market is bad,and it makes trading very risky,but when luck wants to be on your side,everything will work smoothly,and you will win a huge amount of money as expected.But it's just always good to try first.
This is not easy, even if you have the money you can’t still make some profit if you are not knowledgeable enough about how trading works, so better no to fully rely on this. Trading can’t make wealth in an instant, it will always take time because losing in trading is normal as well. If you do focus on your strategy consistently, then there’s a higher chance of getting more profit and probably you might be able to reach your goal in trading.
the main capital in trading is knowledge, and this knowledge includes psychology, money management, and trading strategies. of course it's not easy to master all of them, unless we invest, maybe just choose the most influential coin and hold it until one day it makes a profit. but if trading with a large amount of capital and minimal knowledge, I think this is the same as gambling, and eventually going bankrupt. in trading we have a portfolio, so we use it as a reference for our achievements in a healthy manner

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February 27, 2023, 10:35:50 AM
Last edit: February 28, 2023, 05:08:34 PM by TheUltraElite
 #56

Trading with gold in a physical shop is possible but seems tedious than using fiat though. I reckon the number would be abysmal if not worse.

Accepting bitcoin in a business a tough choice to make specially if you livinq country that is against bitcoin and in a bitcoin hating locality. Running a business is not a piece of cake.

I appreciate what the OP has in their vision but realism is important here. Accumulate bitcoin and keep that idea in your head for now. If you local laws are good then go for it.

 
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February 27, 2023, 11:30:23 AM
 #57

There is nothing that brings fast money and wealth than trading,especially when you invest a huge amount of money,If the market goes successfully,then the amount recieved will be very huge ,and it will change a lot of things about you.Trading is very essential for people looking forward to becoming successful in life.I know there are sometimes when the market is bad,and it makes trading very risky,but when luck wants to be on your side,everything will work smoothly,and you will win a huge amount of money as expected.But it's just always good to try first.
This is not easy, even if you have the money you can’t still make some profit if you are not knowledgeable enough about how trading works, so better no to fully rely on this. Trading can’t make wealth in an instant, it will always take time because losing in trading is normal as well. If you do focus on your strategy consistently, then there’s a higher chance of getting more profit and probably you might be able to reach your goal in trading.

Others will do copy trading even though they don't know how to trade they just copy those traders that are a high percentage of winning but again you are kind of blind seeing the information that you don't know also you don't know why you are losing as you don't knowledge at all. Trading is a game of minds and knowledge if you don't have it no matter what strategy that is working right now without any knowledge you'll lose in the long run. Also only it will become an advantage if you already establish a strategy on trading and higher percentage of winning as you can now earn profit big.
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February 27, 2023, 01:05:01 PM
 #58

There is nothing that brings fast money and wealth than trading,especially when you invest a huge amount of money,If the market goes successfully,then the amount recieved will be very huge ,and it will change a lot of things about you.Trading is very essential for people looking forward to becoming successful in life.I know there are sometimes when the market is bad,and it makes trading very risky,but when luck wants to be on your side,everything will work smoothly,and you will win a huge amount of money as expected.But it's just always good to try first.
This is not easy, even if you have the money you can’t still make some profit if you are not knowledgeable enough about how trading works, so better no to fully rely on this. Trading can’t make wealth in an instant, it will always take time because losing in trading is normal as well. If you do focus on your strategy consistently, then there’s a higher chance of getting more profit and probably you might be able to reach your goal in trading.
To succeed in trading, we must learn and not give up if we have not achieved profits like others. It's only a matter of time and if we continue to learn about trading, we can make profits that will even get bigger if we can analyze properly. But not many people can learn analysis as well as others and most of them give up halfway and complain that trading is not for them. If they do, they still won't be able to make a profit trading because they've given up hope before they've put in more effort.

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February 27, 2023, 10:01:49 PM
 #59

Trading with gold in a physical shop is possible but seems tedious than using fiat though. I reckon the number would be abysmal if not worse.

Accepting bitcoin in a business a tough choice to make specially if you live inq country that is against bitcoin and in a bitcoin hating locality. Running a business is not a piece of cake.

I appreciate what the OP has in their vision but realism is important here. Accumulatw bitcoin and keep that idea in your head for now. If you local laws are good then go for it.

first, why is bitcoin core included in his cryptocurrency?  Tongue

but in any case, if you are confident in this market and no one is forcing you to put money into this, then by all means, you can always accumulate any amount of btc. because at the end of the day, it is you who is responsible for your funds. accepting btc or crypto on any business, depends on the owner/s sentiments towards btc. they have their own reasons why such move. but before they do come into this decision, should at least know the risks and not just because to ride the hype.

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February 28, 2023, 08:51:27 AM
 #60

crypto trading act as a way to provide you passive income but instead of this they also have some negative aspects like that of unstability. Engaging in crypto is wise idea but those who do not have close attention to it will not get much better results from it hence it is unstable and changeable so quick decision will make a man unable for the future success.

If a person wants to become wealthier very quickly so he will regularly face some problems in the way of achievement because trading is not such business which can offer you quick response but if you work properly, select coin wisely and wait for the secure and stable condition of market then you can easily achieve what you desires.



 

 

 

 

 

 


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