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Author Topic: Buy Buy Buy or Sell Sell Sell?  (Read 12337 times)
Salahmu
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September 17, 2024, 08:42:45 PM
 #1461

Learning to trade is the most important thing, it doesn't have to be in class or have a mentor but just learn independently, especially now there is so much information that we can learn, the point is to learn. Because trading is not only difficult, but very very difficult. it takes years to learn technical analysis, risk and reward ratio, good money management, controlling emotions and greed.

Why is learning to trade the most important thing?, why go through so much learning and critical thinking just to know trading when you can even use those moment to invest on Bitcoin, however like you explain, it takes years of learning technical analysis of Bitcoin, so let's say the number of years that will take to really understand it is 4 years, so this means that you have not achieved any Bitcoin in this number of years, so perhaps you can imagine the number of Bitcoin you would have accumulated within that four years if you had chosen to invest onBitcoin instead because if for instance you are using $30 weekly to invest on Bitcoin you would realize that in that 5years you would accumulated Bitcoin worth up to $7,826.79 instead of learning something that would still make you to lose on the process.

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Ambatman
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September 17, 2024, 08:46:34 PM
 #1462

Trading is very complex and a new investor should avoid trading at all cost because it will make you run at loss and lose the little bitcoin that you bought. It is good for new investors to get started immediately and buy bitcoin with DCA method frequently weekly or monthly so that you can build and grow your bitcoin investment for the future in order for you to become financially buoyant.

Trading for a beginner or a newbie can be very problematic because they lack experience and exposure on how trading works and even if they want to consider trading due to what a trader must have told them but they should not trade Bitcoin, they can gamble other shitcoins and trade with amount they afford to let go if the market goes sideways then if they are lucky to make profits while trading it's fine then they can take their profits to invest in Bitcoin but that doesn't mean that trading is a good practice for a beginner. All investments are risky but the risk of a Bitcoin investor running into losses is at the minimal therefore I suggest that it would be better to invest in Bitcoin than to get involved in trading because trading has this kind of urge to trade more especially when you record some profits and continue before you know it all your money is gone. Investing in Bitcoin is the best investment decision anyone can indulge in no matter how little of it you acquire but by consistent DCA you can grow a huge portfolio.
advising trading on shitcoins is a no go.
Wld coin for example was around $11.5 this year but now barely $1.45$.
Shitcoins shouldn't be advised towards, they always have their time and period and once elapsed they crash.
Trading isn't something that should come across a newbies mind.
Many newbies are enticed by people post online on their profits from trading
Not all are real and those that are took time, practice, experience, skills and losses to get there
To jump this hurdle, just HODL.

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sotelorene
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September 17, 2024, 10:10:52 PM
 #1463

prefer trading they should note the following;

1. Trade with what you can afford to lose
2. The market is not a respecter of person ( it doesn't look if you really need money or not)
3. The risk is 50/50, if not more than the chance of making profit
4. Don't be carried away by the market movement whether down or uptrend etc.
The best part that you forget to add up is to go and engage in trading classes in order for them to learn for a long period of time so that they can have knowledge about what they are trying to enter because both trading and investment need patience, but trading is the most dangerous among
 
So that is why it is mostly advisable for the beginners to always focus on long-term bitcoin investments because it is less stressful, it requires less knowledge, it has a lower risk than bitcoin trading, and at the same time it is very easy, so even if you have the wish to trade, I think the best thing to do should be a long-term investment rather than involving yourself in something you are not fully sure you will have a good profit.

That's right. Learning to trade is the most important thing, it doesn't have to be in class or have a mentor but just learn independently, especially now there is so much information that we can learn, the point is to learn. Because trading is not only difficult, but very difficult. it takes years to learn technical analysis, risk and reward ratio, good money management, controlling emotions and greed. So practicing patience is also an important factor in trading and investing. A strategy that suits us, don't follow others, those are the things needed to be able to make a profit. without years of dedication like that, it is very difficult to get consistent profits.

I also agree with you. To be safer in investing, you should make bitcoin your main goal, because the risk we have in bitcoin is smaller than altcoin and bitcoin is also an asset that has good prospects for the long term.

You are absolutely correct but I think despite the information we have now it's not safe for a newbie to start learning trading independently without attending a class or having a mentor. Just like Sim_card said, trading is very broad It's more like this world we are living now, we can't know or understand everything there are things we see today, tomorrow we won't see them that is change and in trading the strategy you will use today may or will not work for you tomorrow that is how hard and contradicting trading can be. Everybody wants to make money that's true but some persons doesn't want to take it easy and they also forgot what will favor Mr A may or will not favor Mr B. When they see people who are doing well in trading they think it's easy. In summary, if one wants to learn trading he or she should look for a mentor or attend a class very necessary, not encouraging anyone to go into trading though.

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September 18, 2024, 12:00:02 AM
 #1464

Learning to trade is the most important thing, it doesn't have to be in class or have a mentor but just learn independently, especially now there is so much information that we can learn, the point is to learn. Because trading is not only difficult, but very very difficult. it takes years to learn technical analysis, risk and reward ratio, good money management, controlling emotions and greed.
I don’t agree that learning how to trade is extremely important. It’s an aspect to cryptocurrency investment and surely a way to build a portfolio but, it’s not the most important. You can do well in cryptocurrency even without having to trade I believe. Not so many in the field are traders and that’s mostly due to the high risk environment associated with trading live markets.
You could still be investing on the sidelines and be good, whatever goes for an individual I guess. In the end what’s most important is having to build your portfolio.
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September 18, 2024, 01:43:09 AM
Merited by JayJuanGee (1)
 #1465

Learning to trade is the most important thing, it doesn't have to be in class or have a mentor but just learn independently, especially now there is so much information that we can learn, the point is to learn. Because trading is not only difficult, but very very difficult. it takes years to learn technical analysis, risk and reward ratio, good money management, controlling emotions and greed.
I don’t agree that learning how to trade is extremely important. It’s an aspect to cryptocurrency investment and surely a way to build a portfolio but, it’s not the most important. You can do well in cryptocurrency even without having to trade I believe. Not so many in the field are traders and that’s mostly due to the high risk environment associated with trading live markets.
You could still be investing on the sidelines and be good, whatever goes for an individual I guess. In the end what’s most important is having to build your portfolio.

You should be more specific if it is Bitcoin you are referring to so as not to complicates things for a newbies coming in to the thread with such use of the term cryptocurrency without being specific, if it is Bitcoin you say  Bitcoin because that is only coin that holds investment and holding potential. However, even though anyone could do whatever they want with their coin the truth must be told that someone who is only focusing on increasing his or her Bitcoin size have a certain level preparedness with absolute peace of mind to grow their asset than a person who is investing and at the same time attempting or figuring out on how to trade his coin for a short term profit. Trading can never be a way of building an investment portfolio, investment takes time in order to appreciate it value over a longer period of time.

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September 18, 2024, 04:12:50 AM
Merited by JayJuanGee (1)
 #1466

Learning to trade is the most important thing, it doesn't have to be in class or have a mentor but just learn independently, especially now there is so much information that we can learn, the point is to learn. Because trading is not only difficult, but very very difficult. it takes years to learn technical analysis, risk and reward ratio, good money management, controlling emotions and greed.
I don’t agree that learning how to trade is extremely important. It’s an aspect to cryptocurrency investment and surely a way to build a portfolio but, it’s not the most important. You can do well in cryptocurrency even without having to trade I believe. Not so many in the field are traders and that’s mostly due to the high risk environment associated with trading live markets.
You could still be investing on the sidelines and be good, whatever goes for an individual I guess. In the end what’s most important is having to build your portfolio.
One thing you should try to understand is that Bitcoin and cryptocurrency are not the same for you might be getting some newbies here confused by saying investor will do well in cryptocurrency and besides Bitcoin and cryptocurrency are not even familiar and we are not even discussing about shitcoins here for we mainly discuss about Bitcoin price and buying and selling, so next time you should be more specific for it is better to call Bitcoin for Bitcoin and shitcoin for shitcoin to be More specific rather than generalizing it as cryptocurrency as it addresses the whole crypto market before newbies we already think is a scam. So it will be a very misleading information and very problematic making newbies believe that Bitcoin is same thing as shitcoins that doesn't have value.

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September 18, 2024, 06:33:44 AM
Merited by JayJuanGee (2)
 #1467

prefer trading they should note the following;

1. Trade with what you can afford to lose
2. The market is not a respecter of person ( it doesn't look if you really need money or not)
3. The risk is 50/50, if not more than the chance of making profit
4. Don't be carried away by the market movement whether down or uptrend etc.
The best part that you forget to add up is to go and engage in trading classes in order for them to learn for a long period of time so that they can have knowledge about what they are trying to enter because both trading and investment need patience, but trading is the most dangerous among
 
So that is why it is mostly advisable for the beginners to always focus on long-term bitcoin investments because it is less stressful, it requires less knowledge, it has a lower risk than bitcoin trading, and at the same time it is very easy, so even if you have the wish to trade, I think the best thing to do should be a long-term investment rather than involving yourself in something you are not fully sure you will have a good profit.

That's right. Learning to trade is the most important thing, it doesn't have to be in class or have a mentor but just learn independently, especially now there is so much information that we can learn, the point is to learn. Because trading is not only difficult, but very very difficult. it takes years to learn technical analysis, risk and reward ratio, good money management, controlling emotions and greed. So practicing patience is also an important factor in trading and investing. A strategy that suits us, don't follow others, those are the things needed to be able to make a profit. without years of dedication like that, it is very difficult to get consistent profits.

I also agree with you. To be safer in investing, you should make bitcoin your main goal, because the risk we have in bitcoin is smaller than altcoin and bitcoin is also an asset that has good prospects for the long term.
Trading is very complex and a new investor should avoid trading at all cost because it will make you run at loss and lose the little bitcoin that you bought. It is good for new investors to get started immediately and buy bitcoin with DCA method frequently weekly or monthly so that you can build and grow your bitcoin investment for the future in order for you to become financially buoyant.

I don't see how learning trading is important for an investor who plans to buy bitcoin and hodli for long term because it will be a waste of time and not a priority since he is only buying continuously ovetime. Trading to me is a no go area because it is similar to gambling and bitcoin is worth more than using it for gambling.
Like the saying goes, time waits for no man and opportunities comes not always. As a new Bitcoin investor with some spare cash, the most important thing for you to do is to secure your future first.

Trading isn't bad at all because it's an undeniable integral part of the crypto space, we all know that before you get really good in trading to make money, you must have lost a fortune and it really takes time.

Now since you've these spare cash with you to throw around, you're supposed to start accumulating Bitcoin with it so your future is secured first with your investment and when your accumulation target is reached, you can then choose to continue accumulating, or entertain trading career side by side with your continued accumulation journey.

Time is precious and the good Bitcoin prices we see today may be our dream dip tomorrow, so instead of jumping straight into trading, focus on accumulating first to take advantage of the today's good prices and accumulate good stashes of Bitcoin for yourself before the prices skyrocket to unimaginable heights and you'll be filled with regrets that you missed out on a good investment opportunity while busy chasing shadows.
Everything you said I agree but the bolded text is what I don't see needful.

One thing that I will not advise anyone to do is to be accumulating bitcoin and thinking that you can also be trading at the same time. Because you will distract yourself and you will be distracted with trading since it takes more time to learn and affect emotions whenever there is a loss. As a matter of fact, you can even jeopardize with your bitcoin investment by using part of it when you are running at loss in trading and before you know it gradually, you are giving up your investment to trading and losing it gradually.

Why would one choose to destroy what he took his time to build because he feels that he needs trading to make more money. Traders hardly hodli their bitcoin for long and before you know it, you as an investor will become a trader and a little mistake you will make if the market goes against you, you will lose it up. A new investor should only think on investing and concentrate only on investing and hodli for a long period of time because that's where the profits lies.


Well, I really think you missed my point mate, was pointing at a beginner who's mind is made up on trading, so to make sure he does the right thing first by accumulating Bitcoin first until his target is met before thinking of trading, I would introduce a mindset of accumulation as primary and trading as secondary. Just a calculated plan to get such a person to have his investment in Bitcoin first in order to secure his future. Most times while investing in Bitcoin consistently such person loses interest in trading and remain focused on his investment. This is just a mental hack to direct a new investor who previously had intention of trading that there's a better future in investment and it should be considered a priority.

If you deal with people so much, you'll know that a direct refusal sometimes triggers resistance in them, so identifying with their intentions to a limited extent makes them more comfortable and most times at the long run, they get comfortable with your Idea and forgo the wrong motive they had earlier.











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Egii Nna
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September 18, 2024, 07:12:34 AM
 #1468

Well, I really think you missed my point mate, was pointing at a beginner who's mind is made up on trading, so to make sure he does the right thing first by accumulating Bitcoin first until his target is met before thinking of trading, I would introduce a mindset of accumulation as primary and trading as secondary. Just a calculated plan to get such a person to have his investment in Bitcoin first in order to secure his future. Most times while investing in Bitcoin consistently such person loses interest in trading and remain focused on his investment. This is just a mental hack to direct a new investor who previously had intention of trading that there's a better future in investment and it should be considered a priority.

If you deal with people so much, you'll know that a direct refusal sometimes triggers resistance in them, so identifying with their intentions to a limited extent makes them more comfortable and most times at the long run, they get comfortable with your Idea and forgo the wrong motive they had earlier.
Yes, considering one's wish in bitcoin is a good point that needs to be considered, but when you know that this person that is trying to take that decision is a beginner, then you still have to explain more for him. As a beginner who has the wish of trading, the first expectation that he had on bitcoin was to get rich quickly. That is the main reason why they will like to join the bitcoin trading, not knowing that the best way to get a good profit is by long-time investment.
 
So if you said they should take bitcoin investment as a primary aim and trading as a secondary aim, that will make them think that trading is simpler than investment. We all know that trading is the most complex aspect of bitcoin. So to me, the best approach is to explain to them and make them understand that bitcoin investment is the best for them to accumulate as much bitcoin as they want, while before they can start trading, they have to involve themselves in a lot of research and learn for several months, and still there is a possibility of them losing some of the money in trading.
 
There is a saying that says, “You should never make a decision for a beginner that is eager to do something, but let him make the choice himself so that when it fails he blames himself.” But in bitcoin is different because the initial mistake of a beginner can make him regret something he will never expect. 

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September 18, 2024, 07:44:35 AM
 #1469

Well, I really think you missed my point mate, was pointing at a beginner who's mind is made up on trading, so to make sure he does the right thing first by accumulating Bitcoin first until his target is met before thinking of trading, I would introduce a mindset of accumulation as primary and trading as secondary. Just a calculated plan to get such a person to have his investment in Bitcoin first in order to secure his future. Most times while investing in Bitcoin consistently such person loses interest in trading and remain focused on his investment. This is just a mental hack to direct a new investor who previously had intention of trading that there's a better future in investment and it should be considered a priority.

If you deal with people so much, you'll know that a direct refusal sometimes triggers resistance in them, so identifying with their intentions to a limited extent makes them more comfortable and most times at the long run, they get comfortable with your Idea and forgo the wrong motive they had earlier.

You really have a point thou but is it really necessary to stop people from having their choice when it comes to finance? You and I know that the primary aim of trading or holding bitcoin for either short or long term is to secure profits. While you might be comfortable with long term goals of Bitcoin, others might prefer venturing into trading for its juicy and daily profit despite the high risk involved. Unless someone is a total newbie who wants to seek for my advice or probably under my couch, I see no reason why I should try to manipulate their mind into what I believe is the best. Idk but I find it hard interfering people decision especially when it involves finance. Moreover, trading is also an aspect of cryptocurrency, if they think it'll work for them let them be.











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September 18, 2024, 08:48:46 AM
 #1470

Learning to trade is the most important thing, it doesn't have to be in class or have a mentor but just learn independently, especially now there is so much information that we can learn, the point is to learn. Because trading is not only difficult, but very very difficult. it takes years to learn technical analysis, risk and reward ratio, good money management, controlling emotions and greed.
I don’t agree that learning how to trade is extremely important. It’s an aspect to cryptocurrency investment and surely a way to build a portfolio but, it’s not the most important. You can do well in cryptocurrency even without having to trade I believe. Not so many in the field are traders and that’s mostly due to the high risk environment associated with trading live markets.
You could still be investing on the sidelines and be good, whatever goes for an individual I guess. In the end what’s most important is having to build your portfolio.

If an investor is going to build a portfolio then he must know about the investment strategies, the investment strategy should be if you invest weekly or monthly or every 15 days then it should be following the DCA method. Because if you don't have accumulated money and are a new investor then many people don't have that desire to invest with accumulated money, but if he invests little by little regularly then definitely the portfolio will be very big and can hold bitcoin for a long time. But in this case the ability to accept risk and stick with Bitcoin for a long time will be much easier for him if he follows the given procedure and holds Bitcoin.

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September 18, 2024, 01:56:01 PM
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 #1471

prefer trading they should note the following;

1. Trade with what you can afford to lose
2. The market is not a respecter of person ( it doesn't look if you really need money or not)
3. The risk is 50/50, if not more than the chance of making profit
4. Don't be carried away by the market movement whether down or uptrend etc.
The best part that you forget to add up is to go and engage in trading classes in order for them to learn for a long period of time so that they can have knowledge about what they are trying to enter because both trading and investment need patience, but trading is the most dangerous among 
 
So that is why it is mostly advisable for the beginners to always focus on long-term bitcoin investments because it is less stressful, it requires less knowledge, it has a lower risk than bitcoin trading, and at the same time it is very easy, so even if you have the wish to trade, I think the best thing to do should be a long-term investment rather than involving yourself in something you are not fully sure you will have a good profit. 
Trading and investing are two completely different things but at the beginning we lump them together. And there are many people whose activities show that they are trading but they claim to be investors. How I put it, the person buys bitcoins and keeps the bitcoins for a few days when he sees that the market is positive and makes some profit then he sells his bitcoins and waits again for the market to come back. We must consider this as trading. Investing is not like that, investing is buying a coin in a long term plan and holding it for a long period of time. That is, if an investor buys Bitcoin, he cannot plan to sell the investment for a long time and must try to maintain the continuity of the investment according to his ability. If we are successful in doing this, we will be considered as an investor. But the road to long term investment is not so easy, it is much more challenging and we must accept this challenge and ensure to sustain it for a long time to achieve success.

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September 18, 2024, 02:52:00 PM
 #1472

Well, I really think you missed my point mate, was pointing at a beginner who's mind is made up on trading, so to make sure he does the right thing first by accumulating Bitcoin first until his target is met before thinking of trading, I would introduce a mindset of accumulation as primary and trading as secondary. Just a calculated plan to get such a person to have his investment in Bitcoin first in order to secure his future. Most times while investing in Bitcoin consistently such person loses interest in trading and remain focused on his investment. This is just a mental hack to direct a new investor who previously had intention of trading that there's a better future in investment and it should be considered a priority.

If you deal with people so much, you'll know that a direct refusal sometimes triggers resistance in them, so identifying with their intentions to a limited extent makes them more comfortable and most times at the long run, they get comfortable with your Idea and forgo the wrong motive they had earlier.
Yes, considering one's wish in bitcoin is a good point that needs to be considered, but when you know that this person that is trying to take that decision is a beginner, then you still have to explain more for him. As a beginner who has the wish of trading, the first expectation that he had on bitcoin was to get rich quickly. That is the main reason why they will like to join the bitcoin trading, not knowing that the best way to get a good profit is by long-time investment.
 
So if you said they should take bitcoin investment as a primary aim and trading as a secondary aim, that will make them think that trading is simpler than investment. We all know that trading is the most complex aspect of bitcoin. So to me, the best approach is to explain to them and make them understand that bitcoin investment is the best for them to accumulate as much bitcoin as they want, while before they can start trading, they have to involve themselves in a lot of research and learn for several months, and still there is a possibility of them losing some of the money in trading.
 
There is a saying that says, “You should never make a decision for a beginner that is eager to do something, but let him make the choice himself so that when it fails he blames himself.” But in bitcoin is different because the initial mistake of a beginner can make him regret something he will never expect. 
Your points are valid but we should know trading and investing are two different things, if a beginner comes for learning process there’s no point complicating both words when they both have different meaning and strategy. I don’t know how all this are done because sometimes they come as a beginner but they have heard about trading and investing either from someone etc. the best thing is to differentiate both trading and investing since it’s hard for a newly investor to trade, no beginner should think of trade because they’ll make a great lose why? They’ve not gotten much knowledge even a knowledgeable person don’t get it right when trading. Investing at the other hand can be done with the dca strategy for starters and it happens to be one of the popular strategy, IMO no beginner deserves to experience lose the wrong way but we can’t tell because most people started their early Journey experiencing lose and still followed the right part all this depends on the investor if they’re willing to learn and take corrections.

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September 18, 2024, 03:21:30 PM
 #1473

Trading for a beginner or a newbie can be very problematic because they lack experience and exposure on how trading works and even if they want to consider trading due to what a trader must have told them but they should not trade Bitcoin, they can gamble other shitcoins and trade with amount they afford to let go if the market goes sideways then if they are lucky to make profits while trading it's fine then they can take their profits to invest in Bitcoin but that doesn't mean that trading is a good practice for a beginner. All investments are risky but the risk of a Bitcoin investor running into losses is at the minimal therefore I suggest that it would be better to invest in Bitcoin than to get involved in trading because trading has this kind of urge to trade more especially when you record some profits and continue before you know it all your money is gone. Investing in Bitcoin is the best investment decision anyone can indulge in no matter how little of it you acquire but by consistent DCA you can grow a huge portfolio.
advising trading on shitcoins is a no go.
Wld coin for example was around $11.5 this year but now barely $1.45$.
Shitcoins shouldn't be advised towards, they always have their time and period and once elapsed they crash.
Trading isn't something that should come across a newbies mind.
Many newbies are enticed by people post online on their profits from trading
Not all are real and those that are took time, practice, experience, skills and losses to get there
To jump this hurdle, just HODL.
It is not only shitcoins that one should be careful about trading. Even Bitcoin can be difficult to trade for those who does not have the knowledge and skill to navigate through the dynamic market. Trading can be a profitable business but the problem is that it is so hyped that people jump into it thinking it is a shortcut to wealth only to find out that "all that glitters are not gold". Just like you said, I will not encourage anyone new to Bitcoin to go into trading, that route is not the best way to start building wealth because it can come with a lot of pains. Instead of trading, investing in Bitcoin can be better and using any of the methods, especially the DCA can be very helpful for the investor.











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September 18, 2024, 04:23:40 PM
 #1474

Trading and investing are two completely different things but at the beginning we lump them together. And there are many people whose activities show that they are trading but they claim to be investors. How I put it, the person buys bitcoins and keeps the bitcoins for a few days when he sees that the market is positive and makes some profit then he sells his bitcoins and waits again for the market to come back. We must consider this as trading. Investing is not like that, investing is buying a coin in a long term plan and holding it for a long period of time. That is, if an investor buys Bitcoin, he cannot plan to sell the investment for a long time and must try to maintain the continuity of the investment according to his ability. If we are successful in doing this, we will be considered as an investor. But the road to long term investment is not so easy, it is much more challenging and we must accept this challenge and ensure to sustain it for a long time to achieve success.

It is not possible for one person to be a trader and investor at the same time. If any trader claims to be an investor, I would call him a hypocrite. Because a trader is very likely to be tempted. He may not have the control to hold the investment while trading. It is almost impossible for a person to keep his savings for long when he is involved in trade. I can't call you an investor if you can't keep your savings for a long time. Short-term or price-sensitive investors are considered traders. By holding bitcoins for a short period of time he may consider himself an investor on his behalf but not an investor on our behalf or especially on my behalf.

I'm not blaming the trade. If one is willing to trade after acquiring sufficient knowledge then he can join the trade. It is completely personal. But pretending to be an investor despite being a trader is not acceptable. Investment fund destruction by a trader is only a matter of time. Investments can never be secured to him. I would advise not to invest for a trader. Because it will bring harm to him. Investments do not bring good things to everyone. Starting investment is easy for anyone but sustaining is not possible for everyone. Especially those whose standard of living is not stable, for example - a gambler, trader, day laborer with part-time jobs. Because there is no dependence on their earning amount and source of income. Although everyone has the possibility of ups and downs in life, but this possibility is more for them. So it is very difficult for them to keep the investment for a long time.

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September 18, 2024, 04:45:10 PM
 #1475

If an investor is going to build a portfolio then he must know about the investment strategies, the investment strategy should be if you invest weekly or monthly or every 15 days then it should be following the DCA method. Because if you don't have accumulated money and are a new investor then many people don't have that desire to invest with accumulated money, but if he invests little by little regularly then definitely the portfolio will be very big and can hold bitcoin for a long time. But in this case the ability to accept risk and stick with Bitcoin for a long time will be much easier for him if he follows the given procedure and holds Bitcoin.

One of the best qualities of the DCA strategy is its ability to ride out the impact of short term market fluctuations. The market is volatile in nature and from time to time, this can give rise to some sort of emotional outburst in an investor, compelling him into making some irrational decisions that may likely affect the investment. These emotional outbursts are often really hard to control, sometimes even impossible to control, especially when an investor is inside the market for its short term benefits and is expecting the market to continuously be on bullish trend, these unrealistic expectations can be disappointed at any time, because no one can accurately predict the outcome of the market, especially within the short term. Thus, by applying the DCA strategy, and by considering the asset’s long term trajectory, these emotional outbursts caused by the volatility and short term fluctuations of the market can be drastically minimized or even avoided completely.

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September 18, 2024, 05:18:38 PM
 #1476


Well, I really think you missed my point mate, was pointing at a beginner who's mind is made up on trading, so to make sure he does the right thing first by accumulating Bitcoin first until his target is met before thinking of trading, I would introduce a mindset of accumulation as primary and trading as secondary. Just a calculated plan to get such a person to have his investment in Bitcoin first in order to secure his future. Most times while investing in Bitcoin consistently such person loses interest in trading and remain focused on his investment. This is just a mental hack to direct a new investor who previously had intention of trading that there's a better future in investment and it should be considered a priority.

If you deal with people so much, you'll know that a direct refusal sometimes triggers resistance in them, so identifying with their intentions to a limited extent makes them more comfortable and most times at the long run, they get comfortable with your Idea and forgo the wrong motive they had earlier.

Yes, I agreed with you that every beginner should try and start by accumulating Bitcoin first before rushing into trading. Whether the beginner has a mindset of trading at an early stage, it would be a very good idea to start with Bitcoin investment first. By doing this, I believe even if they later start trading, they will understand the difference between investing in Bitcoin and trading Bitcoin.

Some newbies who want to start with trading at their first stage in the cryptocurrency industry don't even know the advantages of investing over trading; all they know is that they want to make money in bitcoin but later after starting trading they lose everything money they have. Some newbies who have lost money in trading might have avoided these losses if they had received good advice to start with Bitcoin investment first. Many of them by now wouldn't be calling Bitcoin a scam because it may be possible that they will still have backup of Bitcoin they accumulated at their first place.

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September 18, 2024, 05:20:18 PM
 #1477

Learning to trade is the most important thing, it doesn't have to be in class or have a mentor but just learn independently, especially now there is so much information that we can learn, the point is to learn. Because trading is not only difficult, but very very difficult. it takes years to learn technical analysis, risk and reward ratio, good money management, controlling emotions and greed.

Why is learning to trade the most important thing?, why go through so much learning and critical thinking just to know trading when you can even use those moment to invest on Bitcoin, however like you explain, it takes years of learning technical analysis of Bitcoin, so let's say the number of years that will take to really understand it is 4 years, so this means that you have not achieved any Bitcoin in this number of years, so perhaps you can imagine the number of Bitcoin you would have accumulated within that four years if you had chosen to invest onBitcoin instead because if for instance you are using $30 weekly to invest on Bitcoin you would realize that in that 5years you would accumulated Bitcoin worth up to $7,826.79 instead of learning something that would still make you to lose on the process.
You're right here. I wonder why he would choose to go all through this stress and torment of learning trading when he can easily start an investment in just a few weeks of understanding Bitcoin investment. Most times I just see that a lot of people do not like their peace of mind. After seeing the experience of someone close to me who has gone through hell in trading. To date, it has been difficult for him to recover from the loss. Investing is better off than trading. It reduces the risk of losing our assets so quickly. The only time we may experience loss in investing in Bitcoin is when we sell at the wrong time or when the value of our asset has dropped. Even if the prices reduce a little it still returns back after some time and that is how the market was designed for.

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September 18, 2024, 06:40:47 PM
 #1478

Learning to trade is the most important thing, it doesn't have to be in class or have a mentor but just learn independently, especially now there is so much information that we can learn, the point is to learn. Because trading is not only difficult, but very very difficult. it takes years to learn technical analysis, risk and reward ratio, good money management, controlling emotions and greed.

Why is learning to trade the most important thing?, why go through so much learning and critical thinking just to know trading when you can even use those moment to invest on Bitcoin, however like you explain, it takes years of learning technical analysis of Bitcoin, so let's say the number of years that will take to really understand it is 4 years, so this means that you have not achieved any Bitcoin in this number of years, so perhaps you can imagine the number of Bitcoin you would have accumulated within that four years if you had chosen to invest onBitcoin instead because if for instance you are using $30 weekly to invest on Bitcoin you would realize that in that 5years you would accumulated Bitcoin worth up to $7,826.79 instead of learning something that would still make you to lose on the process.
You're right here. I wonder why he would choose to go all through this stress and torment of learning trading when he can easily start an investment in just a few weeks of understanding Bitcoin investment. Most times I just see that a lot of people do not like their peace of mind. After seeing the experience of someone close to me who has gone through hell in trading. To date, it has been difficult for him to recover from the loss. Investing is better off than trading. It reduces the risk of losing our assets so quickly. The only time we may experience loss in investing in Bitcoin is when we sell at the wrong time or when the value of our asset has dropped. Even if the prices reduce a little it still returns back after some time and that is how the market was designed for.
when you understand trading very well you will prefer trading more than any other thing the reason why some persons condemn trading it is because they have not digest the rules and regulation of threading or acquire the knowledge of trading very well for they involved in the trading, everything you are doing have a risk but when you know it well the risk will be reduced for you, investment can take off whatever you have, because you may think that it is nice step for you to follow instead of trading but you might end losing everything so it is better for you to understand it very well before you involve yourself in any of them both trading and investment

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September 18, 2024, 06:55:22 PM
 #1479

Learning to trade is the most important thing, it doesn't have to be in class or have a mentor but just learn independently, especially now there is so much information that we can learn, the point is to learn. Because trading is not only difficult, but very very difficult. it takes years to learn technical analysis, risk and reward ratio, good money management, controlling emotions and greed.

Why is learning to trade the most important thing?, why go through so much learning and critical thinking just to know trading when you can even use those moment to invest on Bitcoin, however like you explain, it takes years of learning technical analysis of Bitcoin, so let's say the number of years that will take to really understand it is 4 years, so this means that you have not achieved any Bitcoin in this number of years, so perhaps you can imagine the number of Bitcoin you would have accumulated within that four years if you had chosen to invest onBitcoin instead because if for instance you are using $30 weekly to invest on Bitcoin you would realize that in that 5years you would accumulated Bitcoin worth up to $7,826.79 instead of learning something that would still make you to lose on the process.
You're right here. I wonder why he would choose to go all through this stress and torment of learning trading when he can easily start an investment in just a few weeks of understanding Bitcoin investment. Most times I just see that a lot of people do not like their peace of mind. After seeing the experience of someone close to me who has gone through hell in trading. To date, it has been difficult for him to recover from the loss. Investing is better off than trading. It reduces the risk of losing our assets so quickly. The only time we may experience loss in investing in Bitcoin is when we sell at the wrong time or when the value of our asset has dropped. Even if the prices reduce a little it still returns back after some time and that is how the market was designed for.
when you understand trading very well you will prefer trading more than any other thing the reason why some persons condemn trading it is because they have not digest the rules and regulation of threading or acquire the knowledge of trading very well for they involved in the trading, everything you are doing have a risk but when you know it well the risk will be reduced for you, investment can take off whatever you have, because you may think that it is nice step for you to follow instead of trading but you might end losing everything so it is better for you to understand it very well before you involve yourself in any of them both trading and investment
It's easy for anyone to claim that trading is easy to make profits and some of them even claim that it is better than investing when there is no prove to show it. Trading is like gambling because the possibility of you running at loss it high and even when you make profits, it will be little compared to an investor who has invested for a very long time.

In the long run, no matter how much profits a trader makes, he will not be able to make the amount of profit that an investor has made from his bitcoin investment if he onlys buys regularly to increase his bitcoin portfolio for a long time assuming a trader started trading and spent 15 years in trading, an investor who invested and built his bitcoin investment for 15 years will be in big profits compared to the trader due to the compounding effect of his portfolio and he was buying bitcoin at a lower price in the first 4 years of his bitcoin investment.

Investing in bitcoin is superior to tading no matter the high level of knowledge that you have because professional traders run at loss but if you have your proper plan on a long-term bitcoin investment and remain focused in your bitcoin accumulation journey without the price of bitcoin going against you, you will make profits since the price of bitcoin shows that it will go upward than downward in future because bitcoin is still in her early days.

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September 18, 2024, 07:09:03 PM
 #1480

when you understand trading very well you will prefer trading more than any other thing the reason why some persons condemn trading it is because they have not digest the rules and regulation of threading.

Do you think that understanding the rules and regulations of trading will make you to win your trading all the time?, actually the complexity in trading is beyond just understanding any rules, so if you are having the believe that immediately you understand the rules and regulation of trading you have become an experience trader you are obviously mistaken because you will be gambling with the money you are supposed to be using to invest on Bitcoin for a long term purposes.

If you are so certain about being good in trading with just knowing the rules and regulation would you mind telling us how much profit you have made from your trading through the rules you have understood?.

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