Bravut
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August 12, 2024, 07:07:23 PM |
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Professional traders can still run at loss and lose all the profit that they have made in a single trade is the market turns against them.
Many lose their fortunes by indulging in trade or gambling. Yet they continue to gamble and lose money. Why are they so greedy? Do they not understand that gambling is ruining their lives? Because they feel that they have made a profit in trading, they continue and never think about how risky it is, so they may experience losses. Futures trading is similar to gambling, don't do it if you don't want to lose especially if you don't have the skills. If you want to be safer then it is better to invest, you will not lose as long as you do not sell halfway and accumulate with the DCA method this is one of the best ways to collect bitcoin you will not think harder like trading by investing you will be a little calmer. Well well well, the only best approach when it comes to Bitcoin is Investing and hodling in a long term view. Again, as I would always say Bitcoin is a valuable asset not a Tradable Coin to make profit off. If some person really did understand what an Asset means, I believe there thought process would have changed. Trading and gambling isn't the right approach, and mostly those looking for quick profit indulge in it.
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Popkon6
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August 12, 2024, 11:55:59 PM |
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Professional traders can still run at loss and lose all the profit that they have made in a single trade is the market turns against them.
Many lose their fortunes by indulging in trade or gambling. Yet they continue to gamble and lose money. Why are they so greedy? Do they not understand that gambling is ruining their lives? Because they feel that they have made a profit in trading, they continue and never think about how risky it is, so they may experience losses. Futures trading is similar to gambling, don't do it if you don't want to lose especially if you don't have the skills. If you want to be safer then it is better to invest, you will not lose as long as you do not sell halfway and accumulate with the DCA method this is one of the best ways to collect bitcoin you will not think harder like trading by investing you will be a little calmer. Well well well, the only best approach when it comes to Bitcoin is Investing and hodling in a long term view. Again, as I would always say Bitcoin is a valuable asset not a Tradable Coin to make profit off. If some person really did understand what an Asset means, I believe there thought process would have changed. Trading and gambling isn't the right approach, and mostly those looking for quick profit indulge in it. A person who buys and sells Bitcoins with the intention of making a profit is essentially exposed to losses. Because the maximum benefit is possible by holding on to Bitcoin, and will depend on the holding period. If you buy dip and hold bitcoin for long time then surely it will reach the peak then if you sell it then surely you will get some more profit. But you should consider the time and situation you hold Bitcoin, and if you follow the DCA method in buying Bitcoin Deep, you will have more success, and the average price of the purchase will be controlled. Professional traders can still run at loss and lose all the profit that they have made in a single trade is the market turns against them.
Many lose their fortunes by indulging in trade or gambling. Yet they continue to gamble and lose money. Why are they so greedy? Do they not understand that gambling is ruining their lives? Greed leads people to ruin, so greed should be discarded. If you are too greedy in any field you will definitely lose, and this plays more role in investing. Since the Bitcoin market is highly unpredictable and uncertain, it is normal for the Bitcoin market to be lower or higher at any given time. So one should never be greedy in this difficult situation where you have profit you should suspend and hold the profit, here again if you are greedy to get more profit on this situation you can lose.
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Pi-network314159
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August 13, 2024, 04:57:10 AM Merited by JayJuanGee (1) |
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Professional traders can still run at loss and lose all the profit that they have made in a single trade is the market turns against them.
Many lose their fortunes by indulging in trade or gambling. Yet they continue to gamble and lose money. Why are they so greedy? Do they not understand that gambling is ruining their lives? Because they feel that they have made a profit in trading, they continue and never think about how risky it is, so they may experience losses. Futures trading is similar to gambling, don't do it if you don't want to lose especially if you don't have the skills. If you want to be safer then it is better to invest, you will not lose as long as you do not sell halfway and accumulate with the DCA method this is one of the best ways to collect bitcoin you will not think harder like trading by investing you will be a little calmer. Well well well, the only best approach when it comes to Bitcoin is Investing and hodling in a long term view. Again, as I would always say Bitcoin is a valuable asset not a Tradable Coin to make profit off. If some person really did understand what an Asset means, I believe there thought process would have changed. Trading and gambling isn't the right approach, and mostly those looking for quick profit indulge in it. A person who buys and sells Bitcoins with the intention of making a profit is essentially exposed to losses. You should also know that buying and selling of bitcoin does not only mean Trading. It depends on how and when you use the word that determines your explanation. For instance if you buy low and sell high as fast as possible within a shorter period of time we might describe it as trading which is buying and selling. if we as well buy the dip and HODL for long and later sell it in the future, it will will still be reffeard to as buying and selling but not as trading. So Your explanation is more likely to describe every word "buy and sell" as trading, and is not profitable which might not be totally true. If newbies don't get the idea correctly it may be misleeding because they may think that the word buy and sell is just all about trading. and if you follow the DCA method in buying Bitcoin Deep, you will have more success, and the average price of the purchase will be controlled.
I think you are wrong mate, how can someone follow the DCA method and buy the dip? I think there is a misconception here. Is either you buy the dip or buy bitcon using DCA strategy or better still combine the two strategies. but you described it as if DCA is a strategy to buy the dip hahaha it's quit funny.
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laijsica
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August 13, 2024, 05:00:41 AM |
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Professional traders can still run at loss and lose all the profit that they have made in a single trade is the market turns against them.
Many lose their fortunes by indulging in trade or gambling. Yet they continue to gamble and lose money. Why are they so greedy? Do they not understand that gambling is ruining their lives? Because they feel that they have made a profit in trading, they continue and never think about how risky it is, so they may experience losses. Futures trading is similar to gambling, don't do it if you don't want to lose especially if you don't have the skills. If you want to be safer then it is better to invest, you will not lose as long as you do not sell halfway and accumulate with the DCA method this is one of the best ways to collect bitcoin you will not think harder like trading by investing you will be a little calmer. Well well well, the only best approach when it comes to Bitcoin is Investing and hodling in a long term view. Again, as I would always say Bitcoin is a valuable asset not a Tradable Coin to make profit off. If some person really did understand what an Asset means, I believe there thought process would have changed. Trading and gambling isn't the right approach, and mostly those looking for quick profit indulge in it. You should tend to buy/accumulate Bitcoin in any price scenario as your goal should be to hold a large holding for a long period of time. Sure alternative income should be maintained to keep proper valuation of valuable assets and accordingly pull one's investment into a solid position. The DCA method is the better way for an investor to accumulate bitcoin as your holdings grow over time. Bitcoin trading should be discouraged every time for an investor as it is a form of gambling that can greatly risk your capital. Short term trading can lead to loss of your capital as well as stress which can be undesirable for an investor. So one should continue depositing Bitcoins following the DCA method at regular intervals.
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EarnOnVictor
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August 13, 2024, 06:15:41 AM |
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Futures trading is similar to gambling, don't do it if you don't want to lose especially if you don't have the skills.
If you want to be safer then it is better to invest, you will not lose as long as you do not sell halfway and accumulate with the DCA method this is one of the best ways to collect bitcoin you will not think harder like trading by investing you will be a little calmer.
Trading is risky just like gambling but trading is nothing compared to gambling. In gambling, you will always need luck, but in trading, you can solely depend on your expertise and flourish in it if you know your way out. But the issue with people is that they do not know how to trade but are just forcing things, this is why you can even compare trading with gambling Still, what I agree with you on is that people can resort to investing instead of trading as a less risky option. But it still has to be strictly engaged, otherwise, an investment could be silently more dangerous than trading at times. DCA is also a very good investment style but we should not let it enter our heads as a safe haven for investment as it on this thread. The right application is key.
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ultrloa
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August 13, 2024, 01:53:02 PM Merited by JayJuanGee (1) |
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Professional traders can still run at loss and lose all the profit that they have made in a single trade is the market turns against them.
Many lose their fortunes by indulging in trade or gambling. Yet they continue to gamble and lose money. Why are they so greedy? Do they not understand that gambling is ruining their lives? Because they feel that they have made a profit in trading, they continue and never think about how risky it is, so they may experience losses. Futures trading is similar to gambling, don't do it if you don't want to lose especially if you don't have the skills. If you want to be safer then it is better to invest, you will not lose as long as you do not sell halfway and accumulate with the DCA method this is one of the best ways to collect bitcoin you will not think harder like trading by investing you will be a little calmer. Maybe they actually know the risk since for sure they have a idea that market is volatile, but they just want to test out the waters if this could give them good profits. Some earn huge in their early participation in trading, But for sure they would provably realize that trading is really risky and there chances to earn is so slim. I used to like futures trading before since the idea is to click long or short to earn money, But there is a scenario where I forgot about my trade then lose a lot of money since I didn't close my trades then take my profit when there's opportunity to gain. That kind of scenario contribute for my decision to stop trading then just focus on something more valuable or ideal to do like accumulating and holding bitcoin for long time since I think this is more better investment rather than wasting our money on unnecessary things.
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cryptoWODL
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August 13, 2024, 02:00:07 PM |
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if you follow the DCA method in buying Bitcoin Deep, you will have more success, and the average price of the purchase will be controlled.
You are wrong because how can one adopt DCA while buying dips. There are many investors among us who always wait for the dip season in the market. Whenever the dip season starts in the market they tend to buy Bitcoin, which is considered a strategy to them. On the other hand there are many investors who accumulate their bitcoins slowly even adopt the DCA strategy to continuously grow their investment. Those who always adopt DCA do not need to wait for the dip season in their investment, because they will always buy bitcoins by spending the same amount of money that is compatible with their money. One of the objectives of adopting DCA in the investment of the investor is that his investment chain does not stop in any way i.e. he buys any amount of bitcoins for investment whether it is small or big even on a regular basis.
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Mayor of ogba
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stead.builders
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August 13, 2024, 03:32:42 PM Merited by JayJuanGee (1) |
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The fact that am always reading about missed opportunities to invest in Bitcoin or crypto in general, I think the best advice will always be a Buy Buy Buy (crypto blind follower ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) )!!! And already price had in the last couple of weeks experienced a bloodbath and crypto enthusiasts expected price to continue on this path...and if you were that kind of investor that went the DCA it would given you some short time profits in no time proving the "buy buy buy" strategy works as I see it to be some kind of hedging!!! Sorry to say you are literally going of with the crypto in general . Because in this thread we are talking mainly about bitcoin , So using the term crypto may sound misleading especially to newbies here . And most of us here are familiar with the up and down trend that normally place in market , so yeah there is no guarantees that the price will continue to go up . Yeah shitcoins should not be mention in this thread at all, shitcoins has emotionally broken some people and has lift them depressed, I know what shitcoins has done to people some people lost there life savings to the hands of shitcoins, and is so painful when I see some people supporting shitcoins and encouraging people to invest in them, anyone encouraging shitcoins is a scammer, a know a lot of shitcoins that were created by scammers and they scammed a lot of people through it. Since the discussion of this thread is centered on bitcoin, I agree that shitcoins shouldn't be mentioned here so that newbies or new investors will not be distracted in their accumulation process. I know some people will still go ahead and invest in shitcoins even when they have been told of the high risk involved, but if they are interested in discussing shitcoins, there are threads meant for such discussion in this forum. They should go there and freely talk about shitcoins. We will all learn from this thread faster if we stick with the aim and idea of this thread.
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BABY SHOES
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HODL - BTC
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August 13, 2024, 03:39:04 PM |
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But it still has to be strictly engaged, otherwise, an investment could be silently more dangerous than trading at times. DCA is also a very good investment style but we should not let it enter our heads as a safe haven for investment as it on this thread. The right application is key.
Where is the danger of investing in bitcoin? Unless you invest in shitcoin there is clearly a danger as with gambling the price can plummet to no value. Still people will be comfortable with bitcoin investment, because this is one of the best ways for the future you can still count on in the next 10 years your assets in bitcoin will be very valuable. Bitcoin investment does have risks but little in my opinion, the important thing is that we set a good strategy then it will go the way you want.
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sotelorene
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August 13, 2024, 03:46:44 PM |
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Professional traders can still run at loss and lose all the profit that they have made in a single trade is the market turns against them.
Many lose their fortunes by indulging in trade or gambling. Yet they continue to gamble and lose money. Why are they so greedy? Do they not understand that gambling is ruining their lives? Because they feel that they have made a profit in trading, they continue and never think about how risky it is, so they may experience losses. Futures trading is similar to gambling, don't do it if you don't want to lose especially if you don't have the skills. If you want to be safer then it is better to invest, you will not lose as long as you do not sell halfway and accumulate with the DCA method this is one of the best ways to collect bitcoin you will not think harder like trading by investing you will be a little calmer. Well well well, the only best approach when it comes to Bitcoin is Investing and hodling in a long term view. Again, as I would always say Bitcoin is a valuable asset not a Tradable Coin to make profit off. If some person really did understand what an Asset means, I believe there thought process would have changed. Trading and gambling isn't the right approach, and mostly those looking for quick profit indulge in it. You are absolutely correct the best way to go about Bitcoin is to buy and hold for a long period of time but because of impatient and the quest to get rich quick make people indulge themselves into trading and gambling Bitcoin which is very risky and not advisable for someone with little fund or one who's new. I disagree with this your statement " Bitcoin is not a tradable coin to make profit", when you say something is not tradable it means that particular thing can not be trade right? But we all know that there are people who are trading Bitcoin as we speak so that means you are wrong about that..., Perhaps you should said that Bitcoin is not worth to be traded though some people make profit in trading Bitcoin but everything has principle on how to go about it of which trading Bitcoin is little or not part of the principle of how to go about..., that is why the possibility of making loss is very big and the earlier we know this the better for us.
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Ruttoshi
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Baba God Noni
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August 13, 2024, 04:14:14 PM Merited by JayJuanGee (1) |
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DCA is also a very good investment style but we should not let it enter our heads as a safe haven for investment as it on this thread. The right application is key.
I think that bitcoin have not being declared as a safe haven asset but I believe in the long run it will be confirmed as a safe haven assest with the way bitcoin value is increasing and the rate of adoption is also increasing. If you look at bitcoin, I will say it is one of the best investments in which one can throw extra value on because it has the potential to increase in value and might make one wealthy in future. Institutions are buying and stocking their bitcoin like MicroStrategy and the ETFs. El Salvador has its reserve funds in bitcoin and some other countries might want to adopt bitcoin too as their reserve funds. I have read of a bank that bought bitcoin to be their reserve funds, all this is pointing that bitcoin is worth investing in and hodli for long because he is moving to the next level of seen it as a safe haven. .......edited...
Where is the danger of investing in bitcoin? Unless you invest in shitcoin there is clearly a danger as with gambling the price can plummet to no value. Still people will be comfortable with bitcoin investment, because this is one of the best ways for the future you can still count on in the next 10 years your assets in bitcoin will be very valuable. Bitcoin investment does have risks but little in my opinion, the important thing is that we set a good strategy then it will go the way you want. No investment that does not have risk and bitcoin is not exempted, this is why one should use the amount of money that he can afford to lose to invest in bitcoin through DCA by buying regularly to grow and build your bitcoin portfolio overtime so that if bitcoin price goes against you in future, you will not lose all your life savings. Also if an investor did not use the right discretionary income to DCA and he use more than that amount, it is risky because he will end up selling his bitcoin when his needs arises. However, I think that the odds of bitcoin price going up in future is high than going down. Invest in a long term and limit is risk in bitcoin volatile nature.
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Jewan420
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PredX - AI-Powered Prediction Market
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August 13, 2024, 04:44:01 PM |
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You are absolutely correct the best way to go about Bitcoin is to buy and hold for a long period of time but because of impatient and the quest to get rich quick make people indulge themselves into trading and gambling Bitcoin which is very risky and not advisable for someone with little fund or one who's new. I disagree with this your statement " Bitcoin is not a tradable coin to make profit", when you say something is not tradable it means that particular thing can not be trade right? But we all know that there are people who are trading Bitcoin as we speak so that means you are wrong about that..., Perhaps you should said that Bitcoin is not worth to be traded though some people make profit in trading Bitcoin but everything has principle on how to go about it of which trading Bitcoin is little or not part of the principle of how to go about..., that is why the possibility of making loss is very big and the earlier we know this the better for us.
Trading and gambling are complementary to each other. I think if someone wants to gamble, he can gamble with everything. Gambling with Bitcoin is not impossible. But whether you gain or lose everything will determine your fate. Most people in the world have lost from gambling and a small number of people have gained from gambling. But my comment is that their wealth is not enjoyable. Because gambling is illegal at every level and no one can live happily with illegal wealth. If you have the money, you can earn profits by investing (if you can hold it for a long time) without having to indulge in gambling. Maybe you will not be very satisfied with the profit from the investment. But remember that even small wealth of righteous path can bring satisfaction in your life. I am not guaranteed that the profit earned from Bitcoin investment is legitimate or not. But I consider long-term bitcoin investing as business and business is always legitimate. So I would say for all, it may be better to plan business through investment rather than indulging in gambling like trading.
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Dzwaafu11
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August 13, 2024, 05:57:32 PM |
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Professional traders can still run at loss and lose all the profit that they have made in a single trade is the market turns against them.
Many lose their fortunes by indulging in trade or gambling. Yet they continue to gamble and lose money. Why are they so greedy? Do they not understand that gambling is ruining their lives? Because they feel that they have made a profit in trading, they continue and never think about how risky it is, so they may experience losses. Futures trading is similar to gambling, don't do it if you don't want to lose especially if you don't have the skills. This topic is about bitcoin investments, not trading. It's startling to see people discussing trading in the same thread, which is inappropriate. I believe we should stick to the core topic of the thread and refrain from diverting the discussion. It would be best if we stick to the thread's topic of when to purchase and sell bitcoin. We have beginners viewing this thread; they will be perplexed if they find any conversation that is unrelated to the thread's topic. If you want to be safer then it is better to invest, you will not lose as long as you do not sell halfway and accumulate with the DCA method this is one of the best ways to collect bitcoin you will not think harder like trading by investing you will be a little calmer.
Bitcoin investments remain the best place a crypto investor can invest and have peace of mind. However, it must be a long-term investment before you get your profit; at least 4 years is enough for investors to make money out of bitcoin investments. Furthermore, you don’t have to wait until a dip happens before investing; the market is unpredictable, and you may be waiting for a dip to see when the market will rise. Just invest and plan for a long time.
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Futurexxx
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August 13, 2024, 07:28:53 PM |
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You are absolutely correct the best way to go about Bitcoin is to buy and hold for a long period of time but because of impatient and the quest to get rich quick make people indulge themselves into trading and gambling Bitcoin which is very risky and not advisable for someone with little fund or one who's new. I disagree with this your statement " Bitcoin is not a tradable coin to make profit", when you say something is not tradable it means that particular thing can not be trade right? But we all know that there are people who are trading Bitcoin as we speak so that means you are wrong about that..., Perhaps you should said that Bitcoin is not worth to be traded though some people make profit in trading Bitcoin but everything has principle on how to go about it of which trading Bitcoin is little or not part of the principle of how to go about..., that is why the possibility of making loss is very big and the earlier we know this the better for us.
Most people in the world have lost from gambling and a small number of people have gained from gambling. But my comment is that their wealth is not enjoyable. Because gambling is illegal at every level and no one can live happily with illegal wealth. Am very much shocked and surprised by this particular statement here, it's very much true that in gambling only few people wins, but am very much curious to know when gambling became illegal? Secondly, you said that the money made from gambling is not enjoyable, how bro? Have you gamble before? Have you taste a winning before? Though I don't encourage gambling due to addiction and it's a personal thing but who told you that most gamblers aren't living happily? The earlier you understand that happiness is a choice and gambling isn't illegal the better. Then going back to the topic of discussion which is Bitcoin, actually it's the real deal, and for you to invest in it and be successful, you must have a source of income and an emergency fund so as you wouldn't have to temper with your Bitcoin investment when you are in pressing financial needs.
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Justbillywitt
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August 13, 2024, 09:58:09 PM Merited by JayJuanGee (1) |
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Futures trading is similar to gambling, don't do it if you don't want to lose especially if you don't have the skills.
If you want to be safer then it is better to invest, you will not lose as long as you do not sell halfway and accumulate with the DCA method this is one of the best ways to collect bitcoin you will not think harder like trading by investing you will be a little calmer.
Trading is risky just like gambling but trading is nothing compared to gambling. In gambling, you will always need luck, but in trading, you can solely depend on your expertise and flourish in it if you know your way out. But the issue with people is that they do not know how to trade but are just forcing things, this is why you can even compare trading with gambling Still, what I agree with you on is that people can resort to investing instead of trading as a less risky option. But it still has to be strictly engaged, otherwise, an investment could be silently more dangerous than trading at times. DCA is also a very good investment style but we should not let it enter our heads as a safe haven for investment as it on this thread. The right application is key. I don't understand how investment could be more dangerous than trading. What's the logic behind this your claim. When it comes to investment which is targeted for the long term hold, all you have to do is buy your bitcoin and hold it for specific number of years that you have mapped out. Where as trading you are up against many variables and you face many uncertainty. Knowing the entry and exit point, reading of charts and if you are wrong you lose your money. The psychological and emotional torture, couple with you always getting your eye glued to the screen monitoring the market and battling with your emotions on when to and when not to take profit. Trading is not for newbies and the weak, where as investment anyone can do it and have rest of mind, so where does the danger come from in investment? Secondly I don't see anything bad in letting DCA getting into the head of an investor. After all it is an efficient easy way to investing in bitcoin at your own pace, which is beneficial to the investor in all angles.
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Dailyscript
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August 13, 2024, 10:37:05 PM |
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Futures trading is similar to gambling, don't do it if you don't want to lose especially if you don't have the skills.
If you want to be safer then it is better to invest, you will not lose as long as you do not sell halfway and accumulate with the DCA method this is one of the best ways to collect bitcoin you will not think harder like trading by investing you will be a little calmer.
Trading is risky just like gambling but trading is nothing compared to gambling. In gambling, you will always need luck, but in trading, you can solely depend on your expertise and flourish in it if you know your way out. But the issue with people is that they do not know how to trade but are just forcing things, this is why you can even compare trading with gambling Still, what I agree with you on is that people can resort to investing instead of trading as a less risky option. But it still has to be strictly engaged, otherwise, an investment could be silently more dangerous than trading at times. DCA is also a very good investment style but we should not let it enter our heads as a safe haven for investment as it on this thread. The right application is key. I don't understand how investment could be more dangerous than trading. What's the logic behind this your claim. When it comes to investment which is targeted for the long term hold, all you have to do is buy your bitcoin and hold it for specific number of years that you have mapped out. Where as trading you are up against many variables and you face many uncertainty. Knowing the entry and exit point, reading of charts and if you are wrong you lose your money. The psychological and emotional torture, couple with you always getting your eye glued to the screen monitoring the market and battling with your emotions on when to and when not to take profit. Trading is not for newbies and the weak, where as investment anyone can do it and have rest of mind, so where does the danger come from in investment? Secondly I don't see anything bad in letting DCA getting into the head of an investor. After all it is an efficient easy way to investing in bitcoin at your own pace, which is beneficial to the investor in all angles. When you trade you are increasing the risk on your asset and any investment that one is not fully engage in or an investment where the investor is not adhering to certain rules and good decisions can one way or another lead to highs risk which is not different from someone who is trading because they will at the end have something in common which is losing their portfolio entirely. What is the point of investing when at the end an investor will adapt a trading pattern. The only difference is that he is continuing investing and may likely have a goal and a target to meet.
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Barikui1
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August 14, 2024, 11:54:09 AM |
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Futures trading is similar to gambling, don't do it if you don't want to lose especially if you don't have the skills.
If you want to be safer then it is better to invest, you will not lose as long as you do not sell halfway and accumulate with the DCA method this is one of the best ways to collect bitcoin you will not think harder like trading by investing you will be a little calmer.
Trading is risky just like gambling but trading is nothing compared to gambling. In gambling, you will always need luck, but in trading, you can solely depend on your expertise and flourish in it if you know your way out. But the issue with people is that they do not know how to trade but are just forcing things, this is why you can even compare trading with gambling Still, what I agree with you on is that people can resort to investing instead of trading as a less risky option. But it still has to be strictly engaged, otherwise, an investment could be silently more dangerous than trading at times. DCA is also a very good investment style but we should not let it enter our heads as a safe haven for investment as it on this thread. The right application is key. I don't understand how investment could be more dangerous than trading. What's the logic behind this your claim. When it comes to investment which is targeted for the long term hold, all you have to do is buy your bitcoin and hold it for specific number of years that you have mapped out. Where as trading you are up against many variables and you face many uncertainty. Knowing the entry and exit point, reading of charts and if you are wrong you lose your money. The psychological and emotional torture, couple with you always getting your eye glued to the screen monitoring the market and battling with your emotions on when to and when not to take profit. Trading is not for newbies and the weak, where as investment anyone can do it and have rest of mind, so where does the danger come from in investment? Secondly I don't see anything bad in letting DCA getting into the head of an investor. After all it is an efficient easy way to investing in bitcoin at your own pace, which is beneficial to the investor in all angles. Yea, I totally agree with your sentiment here bro, investing in Bitcoin can never be as risky as trading in anyway. Just as you rightfully said, that even a newbie can continue to buy and accumulate Bitcoin through the DCA accumulating strategy and be successful if he is a long term holder, but as for trading, the risk attached to it is way too much, and one bad thing about trading is that even veterans traders still lose money and most of them aren't successful, unlike Bitcoin investment that is very much easier and profitable on the longer run, as long as you know all that it's required to hold successful on the longer run, like having a source of income and an emergency fund. Lastly, talking about the DCA accumulating strategy, anyone that truly knows how the DCA accumulating strategy works wouldn't even think of discrediting it, because it helps even a low income earners to accumulate Bitcoin without feeling much of the effect of his low income while investing gradually.
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Pi-network314159
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August 14, 2024, 04:08:28 PM |
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You are absolutely correct the best way to go about Bitcoin is to buy and hold for a long period of time but because of impatient and the quest to get rich quick make people indulge themselves into trading and gambling Bitcoin which is very risky and not advisable for someone with little fund or one who's new. I disagree with this your statement " Bitcoin is not a tradable coin to make profit", when you say something is not tradable it means that particular thing can not be trade right? But we all know that there are people who are trading Bitcoin as we speak so that means you are wrong about that..., Perhaps you should said that Bitcoin is not worth to be traded though some people make profit in trading Bitcoin but everything has principle on how to go about it of which trading Bitcoin is little or not part of the principle of how to go about..., that is why the possibility of making loss is very big and the earlier we know this the better for us.
Trading and gambling are complementary to each other. I think if someone wants to gamble, he can gamble with everything. It's impossible for someone to gamble with everything they have, be it bitcoin or any other asset. It will be foolish for someone to gamble with all what they have, a potential asset like bitcoin is not even advised to invest all what we have. It is advised to invest with what we can afford to lose and the rest fund will be in our discretion to be able to settle other necessary things. Gambling with Bitcoin is not impossible. But whether you gain or lose everything will determine your fate.
Actually every investment is risky including bitcoin because it's About profit or loss, but when classifying asset base on gambling, bitcoin can not be classified as such or included because it has more potential compeard to most fucking shitcoins. Your fate can be determined by how long you're able to HODl unto Bitcoin after accumulating alot of BTC. Most people in the world have lost from gambling and a small number of people have gained from gambling. But my comment is that their wealth is not enjoyable. Because gambling is illegal at every level and no one can live happily with illegal wealth.
Your post doesn't sound good to me. First of all you are gradually turning this board to a gambling bord. You should have be talking about buying bitcoin or bitcoin related stuff. Then let me ask you, because you said few people have won from gambling and their wealth is not enjoyable because gambling is illegal. are you now telling me that it is because the money is gotten from gambling thats why it not enjoyable? Permit me to say you are confused. because I don't see any correlation between gambling being illegal and the money goten from it not enjoyable. With my understanding money won from gambling are of different categories that is to say that some one might win $2k another $1k and the other $100 while some will win as low as $20. Now tell me a reasonable thing a person who won $20 will do compeard to the $2k person? This is to let you know that people achieve begger thing by the amount they hold. Moral of the story is that "Don't compare your 1 step to another person's 100 step" all fingers are not equal.
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Mayor of ogba
Sr. Member
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stead.builders
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August 14, 2024, 04:44:50 PM |
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Futures trading is similar to gambling, don't do it if you don't want to lose especially if you don't have the skills.
If you want to be safer then it is better to invest, you will not lose as long as you do not sell halfway and accumulate with the DCA method this is one of the best ways to collect bitcoin you will not think harder like trading by investing you will be a little calmer.
In gambling, you will always need luck I think in trading you also need luck; if not, there would have been so many successful traders. But it still has to be strictly engaged, otherwise, an investment could be silently more dangerous than trading at times.
As far as bitcoin is concerned, I disagree that investing in bitcoin is more dangerous than trading. If any bitcoin investor follows the principle of bitcoin, he or she can't lose money in bitcoin investment. Someone who has zero knowledge about bitcoin can invest in it and get it right. But in trading, you need to be an expert when it comes to technical analysis to help you analyze the price of bitcoin and predict if there will be a decrease or increase in bitcoin prices in a certain time or period, which you are not even certain will happen, and the possibility of you losing money in trading is high. For the sake of newbies in this thread, let's be careful about the knowledge we share here so that they will not be misled.
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SuperBitMan
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August 14, 2024, 05:36:49 PM |
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Futures trading is similar to gambling, don't do it if you don't want to lose especially if you don't have the skills.
If you want to be safer then it is better to invest, you will not lose as long as you do not sell halfway and accumulate with the DCA method this is one of the best ways to collect bitcoin you will not think harder like trading by investing you will be a little calmer.
Trading is risky just like gambling but trading is nothing compared to gambling. In gambling, you will always need luck, but in trading, you can solely depend on your expertise and flourish in it if you know your way out. But the issue with people is that they do not know how to trade but are just forcing things, this is why you can even compare trading with gambling Still, what I agree with you on is that people can resort to investing instead of trading as a less risky option. But it still has to be strictly engaged, otherwise, an investment could be silently more dangerous than trading at times. DCA is also a very good investment style but we should not let it enter our heads as a safe haven for investment as it on this thread. The right application is key. I don't understand how investment could be more dangerous than trading. What's the logic behind this your claim. When it comes to investment which is targeted for the long term hold, all you have to do is buy your bitcoin and hold it for specific number of years that you have mapped out. Where as trading you are up against many variables and you face many uncertainty. Knowing the entry and exit point, reading of charts and if you are wrong you lose your money. The psychological and emotional torture, couple with you always getting your eye glued to the screen monitoring the market and battling with your emotions on when to and when not to take profit. Trading is not for newbies and the weak, where as investment anyone can do it and have rest of mind, so where does the danger come from in investment? Secondly I don't see anything bad in letting DCA getting into the head of an investor. After all it is an efficient easy way to investing in bitcoin at your own pace, which is beneficial to the investor in all angles. When you trade you are increasing the risk on your asset and any investment that one is not fully engage in or an investment where the investor is not adhering to certain rules and good decisions can one way or another lead to highs risk which is not different from someone who is trading because they will at the end have something in common which is losing their portfolio entirely. What is the point of investing when at the end an investor will adapt a trading pattern. The only difference is that he is continuing investing and may likely have a goal and a target to meet. Bitcoin trading is something that is very technical and are done by expert, but I will advise newbies not to engage in Bitcoin trading at all, because there's high risk of you losing your money and you won't succeed in Bitcoin investment, if you check you will observe that those who has made huge profit from Bitcoin are those who has been consistent in accumulation and patient in holding for a long time. Bitcoin investment gives one peace of mind but not when you are into Bitcoin trading, because of the high risk involved, there's high chance of you losing your money. however those who are expert wins and lose and when there wins are more than there loses they are still on point but if you want to succeed very well in Bitcoin investment engage in long term investment and avoid wasting your time and resources trading.
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