But still I won't say trading is bad but before going into it. try and gather proper knowledge about it and learn how to manage risk and always try to improve your skills in trading, and focus Your spare funds in trading and keep most in holding and also don't forget about your emergency funds that is also vital. Wish you all the best as we wait patiently for the greens.
Trading is not bad indeed but one thing most traders fail to consider well after all their analysis, is the risk management and this is among the main reason people lost alot in trading especially when greed cripes in.
Traders see the wins of other traders and fact is that most of such wins comes from trading altcoins and so they will be prompted to trade that same coin or look for other altcoins with such potential in order to make such inspiring big wins for themselves but in the end many will be liquidated, the reason for this is that, these big traders can easily manipulate the market with different which include :
- Pumps and dump Schemes
- Creating false buying/selling order
- creating false trading volumes
Don't be surprised why they do this, trading is a 2 edged sword, you win or lose and so in order to avoid taking chances of lost, they manipulate the market and get the wins while others take the lost and while manipulating bitcoin price and volume is almost to impossible because of its circulation now, this can't be said for most altcoins and this is the main reason they prefer to do this schemes with altcoins.
Assuming you learnt FX properly on how to manage your lot price and other risk factor and study the market properly maybe you would have become a good trader by now. But in real sense, I love Bitcoin holding than trading because trading look more like gambling.
This is so true but the factor that still affects traders even after they this things is that in order to become successful in trading you need good capital so that you will be content with you earn and not trying to use high leverages because growing small account is stressing and tiring and so greed cripes in which makes you lost your funds.
This is another reason HODLing bitcoin is better since you can use DCA strategy to accumulate more bitcoins with time