Buy Buy Buy or Sell Sell Sell?

[Ricardo11]

You know the thing is that many people think that it is easy to make a profit basically the traders I believe that even though you know what you're doing in Trading that will not make you to think that every time you be involved in making profit if it is so many people would have become a billionaire in Trading but I know quite well that all these things is all about luck and opportunity so if you don't have such opportunity something that you'll be able to make profit.

I think trading is the most risky, because till date the person who has traded has not been successful.  But individuals who hold bitcoins and institutions that hold bitcoins are largely successful. So I can prove that it is possible to reach the top of the greatest success not only in trading but also in holding, such as Microstrategy Company, Nayib Bukele, the government of the country of El Salvador, all these people are holding Bitcoin long-term and today they are successful. Bitcoin cannot be sold as the price of Bitcoin has increased the most, because we have not passed the time until the end of the bull run.  
So only those holding by following DCA method are the only best holding, currently there is still ample opportunity for holding by DCA method.

Yes, Bitcoin is a long-term asset, and its success is very high. And the examples of high success of Bitcoin are in front of us, such as MicroStrategy, BlackRock, El Salvador, Tesla, Metaplanet, there are also some other big Bitcoin holders who have been holding Bitcoin for a long time, and today they are very successful, and they are going to achieve more success in the future, because Bitcoin is going to be more valuable in the future.
History is a witness that long-term holders are the ones who ultimately benefit the most. Because if we think about the price of Bitcoin exactly 2 years ago, then the price of Bitcoin was below $30K, and today the price of Bitcoin is at an all-time high and it made the best ATH of all time 10 hours ago which was $94K.


That is, those who have been patiently buying long-term DCA for 2 years have already made a good profit.
And if Bitcoin is going to grow even more in the future, then those investors are going to make much more profit in the future.
Thus, holding Bitcoin by following the DCA method can definitely be the key to success in the long term.

[Odohu]

You know the thing is that many people think that it is easy to make a profit basically the traders I believe that even though you know what you're doing in Trading that will not make you to think that every time you be involved in making profit if it is so many people would have become a billionaire in Trading but I know quite well that all these things is all about luck and opportunity so if you don't have such opportunity something that you'll be able to make profit.

When trading become a thing of luck, that is where I feel it is not committing ones life savings into because it is possible to be lost completely. The reason many people indulge in trading rather than investing is that they have the illusion that trading will make them rich overnight so they come in with the millionaire mindset to reap the market only to find out that it was not what they thought, after they might have paid the ultimate price. All the bad attributes that make people to fail are found in the quest for to become rich overnight through trading and that is where people miss it.

Instead of doing trial by error with my money, I prefer investing such money in Bitcoin which I no is not going anywhere soon. I rather watch my money grow gradually over the years than see it disappear with few days of bad trading experience.

[SuperBitMan]

You know the thing is that many people think that it is easy to make a profit basically the traders I believe that even though you know what you're doing in Trading that will not make you to think that every time you be involved in making profit if it is so many people would have become a billionaire in Trading but I know quite well that all these things is all about luck and opportunity so if you don't have such opportunity something that you'll be able to make profit.

When trading become a thing of luck, that is where I feel it is not committing ones life savings into because it is possible to be lost completely. The reason many people indulge in trading rather than investing is that they have the illusion that trading will make them rich overnight so they come in with the millionaire mindset to reap the market only to find out that it was not what they thought, after they might have paid the ultimate price. All the bad attributes that make people to fail are found in the quest for to become rich overnight through trading and that is where people miss it.

Instead of doing trial by error with my money, I prefer investing such money in Bitcoin which I no is not going anywhere soon. I rather watch my money grow gradually over the years than see it disappear with few days of bad trading experience.

This mind set of making it overnight is the same mind set of a gambler, some people has come out with facts that trading is not gambling because is not a game of luck, they say is a game of intelligence, they say if you study the market very well you will know what will happen next and that's who you predict and win, however some set of people has also come out to say no matter how good you are in studying the market you must lose one day and I think all traders believe there will be a lose one day when trading but let your winning be more than your losing.
Now some gamblers also believes if you study a game very well it gives you a chance of winning.
I have played gamble before and that was on soccer I predicted some teams to win and that's because I have been watching soccer for years and I know the strength of teams I predicted to win sometimes my predictions works and some time it those not.
Trading and gambling may not be the same but it has similarities.
They are both risky and anything can happen if you are losing more than you are winning please stop, some people may $100 today the next day he wins $150 and the following day he wins $100 again and a week later he lost $550 in a single day you are losing more than you are winning, some people don't calculate the amount they calculate the number of times they have won and lost and think they are doing better, what everyone should be checking is the amount lost and won.

[DubemIfedigbo001]

Of course, each person can do what they want, and I suggest no more than 10%, and even 10% may well be too much, yet one of the problems of trading/gambling is that there is a cascading effect that keeps luring them towards wanting to use more and more and more in order that their profits can be "meaningful" and they are not satisfied with $100 in profits, they want $1k... etc etc etc.. and  they keep pushing it.. more and more so there is almost no way that they won't end up losing at some point.

Now many would argue that trading is totally different from gambling, but in reality, this crazy speed of always needing more proves just how alike they are. Just gambling, it’s always difficult or should I say almost impossible for gamblers to be contented with whatever profits they’ve been able to win, as they’ll feel the need to go for more, this is often referred to as chasing wins, when a gambler who had just made a significant win, rather than walking away with his wins, decides to stick around and continue playing because he feels it could be his lucky day and feels he could still win more. This often the case with Trading, it takes only those with hyper discipline to be able to overlook the pressure of always chasing wins and sometimes losses. And this is the exact reason why Trading is being considered unsafe for many especially for newbies who have little or not experience about the dynamics of the market, and of course is crucial to allocate the adequate and appropriate percentage of funds for this activity. And yeah you’re absolutely correct, since there’s really no guarantee that one would make any profits from trading/gambling, in fact there’s no single guarantee you’re even coming out with your capital, I join you to support the idea that 10% is much for that, maybe 5%, yeah I think 5% is cool.

Yeah it’s important for every investor to have some kind of a solid outside income source as this helps to provide financial stability, and allowing one to be able to build their financial Bitcoin portfolio without much effort, and this also helps the investor not to always depend on their investment for immediate financial sustenance.

Alas Tungbulu, such a lengthy literature on trading in a thread that should be promoting bitcoin accumulation is not the most positive thing to see, I think you focused more on trading here and such writeup should be more effective in the trading discussions board and not here. We should be more positive on the percentage of our discretionary income to apportion to our accumulation process in order to expand our portfolio and not shifting our concentration to what percentage of our income should be pushed into trading, surely that would be contradiction to the topic at hand.

Again it is not really a good practice to focus much on trading when into your accumulation journey because you can easily get distracted and sabotage your investment process. It might even get to a point that you would use funds intended for your accumulation journey and service your trading desires. Holders and Newbies most especially should desist from this to enhance specificity in their Bitcoin accumulation process and instead of considering trading as a necessity if you have more discretionary income available, you can get more aggressive with your DCA accumulation and achieve your target at a faster pace instead of mingling with the possible distraction in trading.

[Barikui1]

However, if you are in your bitcoin accumulation process and have not reached your bitcoin target, it's impossible for you to say that you want to live on your bitcoin investment, because you need a job to continue accumulating more bitcoin and anyone without a job will not be able to invest in bitcoin and grow his portfolio, which will make you start selling too much of your bitcoin, too quick and you will regret your actions in the long run.

Even if you have reached your Bitcoin accumulation target never say fuck you to your main source of income. Whatever the level of knowledge we think we have acquire its a huge risk to quit our job. 90% of success in Bitcoin investment is long term, consistency and patience. Instead of quitting why not we continue a stable investment to live off or save for a business that you can rely on. The only time i can agree to someone quitting his job is if it is not a good paying job and when an individual has made enough to retire.

It seems to me that you are misunderstanding what it might mean to reach fuck you status, and surely you realize that you can quit your job if you have made enough to retire, so why is that different from quitting ones job when they have enough BTC?

For sure, the more BTC you have the more options you have in regards to income off of it, and there could be errors in calculating the value of your BTC, so surely there are a lot of examples of people who pull their fuck you levers way too early because they miscalculate how much BTC they actually need in order to live off of them and how to valuate them and to valuate their standard of living expenses (or increases in their standard of living due to debasement of the dollar/fiat or from chosen increases of lifestyle expenses).

Well even as a holder of Bitcoin, I haven't even thought of this, or contemplating of surviving on my Bitcoin holdings even when I have gotten the stash of Bitcoin I wanted, though at that point I might decide to be taking profit from it bit by bit after retirement, but not like depending on it fully for survival.
Because to me that's the easiest way to drain the asset you should be leaving for your offsprings.
So having another source of income or a business running for you is very much important, so that you wouldn't get to that point of draining your holdings after retirement.

Though I might be wrong, but having a good source of income as a man is something we shouldn't joke with regardless of your financial status or the stash of Bitcoin in our possession.
So in essence of what am trying to say is that regardless of anything, constant cash flow is very much important even when you have gotten to the top of your Bitcoin accumulation process.

[MainIbem]

Well even as a holder of Bitcoin, I haven't even thought of this, or contemplating of surviving on my Bitcoin holdings even when I have gotten the stash of Bitcoin I wanted, though at that point I might decide to be taking profit from it bit by bit after retirement, but not like depending on it fully for survival.
Because to me that's the easiest way to drain the asset you should be leaving for your offsprings.
So having another source of income or a business running for you is very much important, so that you wouldn't get to that point of draining your holdings after retirement.

Though I might be wrong, but having a good source of income as a man is something we shouldn't joke with regardless of your financial status or the stash of Bitcoin in our possession.
So in essence of what am trying to say is that regardless of anything, constant cash flow is very much important even when you have gotten to the top of your Bitcoin accumulation process.

Two statements you made caught my attention, "living assets for your offsprings and having a source of income or business running before investing on Bitcoin" which is very important, investing on Bitcoin without owning a business or stable source of income is like a farmer going to the farm without his farm tools, a stable income is one of the driving force in Bitcoin investment that aids an investors accumulation journey and keeps it going smoothly for long-term, with it an investor would maintain discipline cause they have something to fall back to instead of withdrawing from their portfolio to solve problem during times of emergency. Bitcoin is the future, it's not something one invest to get rich quick or take profits when there's an improvement on their holdings, it requires time and patience and if an investor does have a steady flow of income, along the line they'll be forced to take profits and utter their investment journey due to lack of funds. For instance, if Micro Strategy wasn't generating income outside Bitcoin I don't think they would've been able to keep buying, they would've taken profits instead of holding, more reasons why it very important to own a business or have a source for steady cash flow before investing on Bitcoin.

[Callido]

However, if you are in your bitcoin accumulation process and have not reached your bitcoin target, it's impossible for you to say that you want to live on your bitcoin investment, because you need a job to continue accumulating more bitcoin and anyone without a job will not be able to invest in bitcoin and grow his portfolio, which will make you start selling too much of your bitcoin, too quick and you will regret your actions in the long run.

Even if you have reached your Bitcoin accumulation target never say fuck you to your main source of income. Whatever the level of knowledge we think we have acquire its a huge risk to quit our job. 90% of success in Bitcoin investment is long term, consistency and patience. Instead of quitting why not we continue a stable investment to live off or save for a business that you can rely on. The only time i can agree to someone quitting his job is if it is not a good paying job and when an individual has made enough to retire.

It seems to me that you are misunderstanding what it might mean to reach fuck you status, and surely you realize that you can quit your job if you have made enough to retire, so why is that different from quitting ones job when they have enough BTC?

For sure, the more BTC you have the more options you have in regards to income off of it, and there could be errors in calculating the value of your BTC, so surely there are a lot of examples of people who pull their fuck you levers way too early because they miscalculate how much BTC they actually need in order to live off of them and how to valuate them and to valuate their standard of living expenses (or increases in their standard of living due to debasement of the dollar/fiat or from chosen increases of lifestyle expenses).

I am not a job person, so if i reach my fuck you status in my Bitcoin accumulation then it would be very much easy to quit my job and retire, basically my retirement doesn't mean i am off with using other sources of income not just relying on living from my holdings. The shot there is to take profits, reinvest into basic marketing or business without any stress.

In terms of misinterpreting/miscalculating the level of profits attained is a subconscious feeling when the investor tries to evaluate according to what is present and with less or no calculations on how the future will look like, from selling off everything and just basically living off the whole sell figure. Huge economic slow down might happen, inflations and crisis which will alter expenses on living, drastically there will be more to take from what was kept aside from what was calculated, more to that we also believe emergencies are prone to happen at any point in life. I rather not claim to retire, then fall back to working once more to raise my living expenses, if i am not old of age to retire fully then i might still continue contributing to my sources of income just something to work independently.

[Agbamoni]

Well even as a holder of Bitcoin, I haven't even thought of this, or contemplating of surviving on my Bitcoin holdings even when I have gotten the stash of Bitcoin I wanted, though at that point I might decide to be taking profit from it bit by bit after retirement, but not like depending on it fully for survival.
Because to me that's the easiest way to drain the asset you should be leaving for your offsprings.
So having another source of income or a business running for you is very much important, so that you wouldn't get to that point of draining your holdings after retirement.

Though I might be wrong, but having a good source of income as a man is something we shouldn't joke with regardless of your financial status or the stash of Bitcoin in our possession.
So in essence of what am trying to say is that regardless of anything, constant cash flow is very much important even when you have gotten to the top of your Bitcoin accumulation process.

Bitcoin is an asset, but not a guaranteed income source. Using it for survival will only deplete the holdings and affect long-term benefits, even if we feel we have enough to live off of. I don't know what others think of the assets but to me, I see Bitcoin as a generation wealth building too, an investment that I can preserve and grow for years to come rather than an investment I want to live off with while I am strong and can still get to work. I know everybody has different opinions and views on this subject matter. But relying on a single asset, no matter how promising it is totally risky. Why not have another source of income, if you feel you have accumulated enough to quit your job? Instead of feeding from your investment you can sell part of it, get a business, or diversify your investment and live off those ones. It will still provide more money to invest in your Bitcoin back.

I repeat again, no matter how promising Bitcoin can be don't take the risk of putting all your hopes on it for daily survival.

[Tungbulu]

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Alas Tungbulu, such a lengthy literature on trading in a thread that should be promoting bitcoin accumulation is not the most positive thing to see, I think you focused more on trading here and such writeup should be more effective in the trading discussions board and not here. We should be more positive on the percentage of our discretionary income to apportion to our accumulation process in order to expand our portfolio and not shifting our concentration to what percentage of our income should be pushed into trading, surely that would be contradiction to the topic at hand.

Maybe you’re not wrong, but then again, you know what they say about no knowledge being a waste right? While I’m of the same opinion that Bitcoin accumulation and long term approach should be paramount to other approaches, is it not worth the lengthy literature for those who are naive about these facts? There are those amongst us who even after knowing that the best approach to winning in Bitcoin is through consistent accumulation and focusing on the long term trajectory of Bitcoin, but still cannot resist the temptation of delving into trading, is it not better to educate these guys and then possibly make them realize the magnitude of their actions and decisions, because one of the major reasons that drives investors into trading is mostly lack of adequate education on the matter, so perhaps their people could also use the medium to learn too on how to stay safe and mitigate losses while continuing in their accumulation process.

Mind you, I’m not promoting trading in anyway, I’ve had my own share of losses in trading due to ignorance, so now I believe I know better and the least I could do is share my experiences and knowledge so others could also avoid falling into the same trade and ensure they make better investment choices to avoid financial losses. Or wouldn’t you agree with me mate?

[Princess Leah]

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Alas Tungbulu, such a lengthy literature on trading in a thread that should be promoting bitcoin accumulation is not the most positive thing to see, I think you focused more on trading here and such writeup should be more effective in the trading discussions board and not here. We should be more positive on the percentage of our discretionary income to apportion to our accumulation process in order to expand our portfolio and not shifting our concentration to what percentage of our income should be pushed into trading, surely that would be contradiction to the topic at hand.

Maybe you’re not wrong, but then again, you know what they say about no knowledge being a waste right? While I’m of the same opinion that Bitcoin accumulation and long term approach should be paramount to other approaches, is it not worth the lengthy literature for those who are naive about these facts? There are those amongst us who even after knowing that the best approach to winning in Bitcoin is through consistent accumulation and focusing on the long term trajectory of Bitcoin, but still cannot resist the temptation of delving into trading, is it not better to educate these guys and then possibly make them realize the magnitude of their actions and decisions, because one of the major reasons that drives investors into trading is mostly lack of adequate education on the matter, so perhaps their people could also use the medium to learn too on how to stay safe and mitigate losses while continuing in their accumulation process.

Mind you, I’m not promoting trading in anyway, I’ve had my own share of losses in trading due to ignorance, so now I believe I know better and the least I could do is share my experiences and knowledge so others could also avoid falling into the same trade and ensure they make better investment choices to avoid financial losses. Or wouldn’t you agree with me mate?

I want to get your point Tungbulu, are you indirectly asking us to diversify into trading or just stick to buying Bitcoin and holding for long-term? because from what I've gathered here, buying and holding Bitcoin is the only rightful way of accumulating more Bitcoins and every other ways, especially the one you're indirectly leading people into is very risky. However it would be in people's best interest to always focus on the right path, I mean buying and holding for long-term.

 As humans we're prone to errors and most time it's because we fail to discipline ourselves in certain areas of life however change is a constant process therefore you must be willing to adjust from things that would cause set backs to attract higher chances of being successful. At this point it would be better to teach people to be more patient and discipline cause it would  help them resist the urge of trading and deviating from what Bitcoin investment is all about and not mistaking it for another theory, investing on Bitcoin and Holding for long-term is the best way of accumulating it and every holder must learn to have discipline.

[Mayor of ogba]

You know the thing is that many people think that it is easy to make a profit basically the traders I believe that even though you know what you're doing in Trading that will not make you to think that every time you be involved in making profit if it is so many people would have become a billionaire in Trading but I know quite well that all these things is all about luck and opportunity so if you don't have such opportunity something that you'll be able to make profit.

I will never advise anyone to put their discretionary income into trading because it is based on luck and it is also time-consuming. Before anyone could make little profit from trading, that person needs to be very good at reading charts and also know if there will be news that will influence the market to dump so that he will not open any trade and save himself from being stuck in a trade, which no one on earth can accurately gain this knowledge, so the chance of losing money is very high in trading since no one can possess this knowledge and predict what will be the price of bitcoin in the next second, minute, and hour. Trading requires a lot of knowledge, and after gaining this knowledge, which will take months to learn, success is not even certain in trading, so I prefer to save myself of this stress and emotional damage and invest in bitcoin for the long term because you don't need to stress your brain learning for months before you can succeed in investing in bitcoin for the long term. What you just need to invest in bitcoin for the long term is a good discretionary income, and you choose if you will be investing on a weekly or monthly basis with the money you will not be needing for 4-10 years or more so that it will not stop you from sorting out your daily expenses, which will allow you to hold your bitcoin investment for as long as you want.

[Sticky Bomb]

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Alas Tungbulu, such a lengthy literature on trading in a thread that should be promoting bitcoin accumulation is not the most positive thing to see, I think you focused more on trading here and such writeup should be more effective in the trading discussions board and not here. We should be more positive on the percentage of our discretionary income to apportion to our accumulation process in order to expand our portfolio and not shifting our concentration to what percentage of our income should be pushed into trading, surely that would be contradiction to the topic at hand.

Maybe you’re not wrong, but then again, you know what they say about no knowledge being a waste right? While I’m of the same opinion that Bitcoin accumulation and long term approach should be paramount to other approaches, is it not worth the lengthy literature for those who are naive about these facts? There are those amongst us who even after knowing that the best approach to winning in Bitcoin is through consistent accumulation and focusing on the long term trajectory of Bitcoin, but still cannot resist the temptation of delving into trading, is it not better to educate these guys and then possibly make them realize the magnitude of their actions and decisions, because one of the major reasons that drives investors into trading is mostly lack of adequate education on the matter, so perhaps their people could also use the medium to learn too on how to stay safe and mitigate losses while continuing in their accumulation process.

Passing the wrong knowledge to a set of people could be doing more harm than good, This knowledge would've been more valuable in the trading discussions board and not here. This information may be misleading to some very new investors who are still trying to find their balance in both knowledge and attitude towards their accumulation journey. I would not support any investor considering trading even for a moment in order to have a very smooth DCA and reach your accumulation target as planned by the investor, an investor should uphold discipline in his accumulation journey and one of the disciplines I made sure I observed was never looking in the direction of trading and so far it has helped me remain focused on my DCA only and I am not changing that pattern anytime soon.

Mind you, I’m not promoting trading in anyway, I’ve had my own share of losses in trading due to ignorance, so now I believe I know better and the least I could do is share my experiences and knowledge so others could also avoid falling into the same trade and ensure they make better investment choices to avoid financial losses. Or wouldn’t you agree with me mate?

How can you say you didn't promote trading after all that writeup explaining about trading, its similarity with gambling and the percentage of income to be apportioned to it. Of course you did promote it, maybe not intentionally. It would do us great good if we remain focused to bitcoin accumulation discussions in this thread and also help and encourage each other towards developing the right attitudes towards our finances and becoming successful long-term Bitcoin investors. As soon as we start distracting ourselves with other unnecessary concerns, we might loose our focus and it is not healthy for us as committed investors.

[Olatundespo]

Well even as a holder of Bitcoin, I haven't even thought of this, or contemplating of surviving on my Bitcoin holdings even when I have gotten the stash of Bitcoin I wanted, though at that point I might decide to be taking profit from it bit by bit after retirement, but not like depending on it fully for survival.
Because to me that's the easiest way to drain the asset you should be leaving for your offsprings.
So having another source of income or a business running for you is very much important, so that you wouldn't get to that point of draining your holdings after retirement.

Though I might be wrong, but having a good source of income as a man is something we shouldn't joke with regardless of your financial status or the stash of Bitcoin in our possession.
So in essence of what am trying to say is that regardless of anything, constant cash flow is very much important even when you have gotten to the top of your Bitcoin accumulation process.

Bitcoin is an asset, but not a guaranteed income source. Using it for survival will only deplete the holdings and affect long-term benefits, even if we feel we have enough to live off of. I don't know what others think of the assets but to me, I see Bitcoin as a generation wealth building too, an investment that I can preserve and grow for years to come rather than an investment I want to live off with while I am strong and can still get to work. I know everybody has different opinions and views on this subject matter. But relying on a single asset, no matter how promising it is totally risky. Why not have another source of income, if you feel you have accumulated enough to quit your job? Instead of feeding from your investment you can sell part of it, get a business, or diversify your investment and live off those ones. It will still provide more money to invest in your Bitcoin back.

I repeat again, no matter how promising Bitcoin can be don't take the risk of putting all your hopes on it for daily survival.

Everyone should be careful while investing in this amazing moment of Bitcoin price growth to add a portion from alternative income sources. An investor who aims to accumulate wealth for a long time by engaging himself with a generational wealth accumulation goal should not be hopeless for an investor. Earning from a single source is risky and time and circumstances tempt you to be informed about different sources and the positive sign of Bitcoin accumulation is that you are more available. Assets like Bitcoin should be given similar priority than real assets potential for savings over the years, such as holding floating cash and the recommendation is to let DCA flow down your driveway like a floating lake. Your advice to try to increase holdings of risky assets and not just rely on it may be correct and positive for investors to have risk free capital and increase generational wealth in the long run.

In conclusion I would say that the advice of not taking any risk on investment may be very reasonable and the possibility of losing assets can be greatly reduced if an investor is able to successfully execute DCA and the assets that he/she owns are his/her discretionary income.

[Spaceman1000$]

You know the thing is that many people think that it is easy to make a profit basically the traders I believe that even though you know what you're doing in Trading that will not make you to think that every time you be involved in making profit if it is so many people would have become a billionaire in Trading but I know quite well that all these things is all about luck and opportunity so if you don't have such opportunity something that you'll be able to make profit.

I think trading is the most risky, because till date the person who has traded has not been successful.  But individuals who hold bitcoins and institutions that hold bitcoins are largely successful. So I can prove that it is possible to reach the top of the greatest success not only in trading but also in holding, such as Microstrategy Company, Nayib Bukele, the government of the country of El Salvador, all these people are holding Bitcoin long-term and today they are successful. Bitcoin cannot be sold as the price of Bitcoin has increased the most, because we have not passed the time until the end of the bull run.  
So only those holding by following DCA method are the only best holding, currently there is still ample opportunity for holding by DCA method.

Trading and Holding has been an issue we've had a lot of discussions about overtime, and a lot of people have highlighted reasons as to why they prefer holding for long and others have also said why they prefer trading. However the contest has always been between successful traders and successful holders. Traders will come and pontificate about how fast they make their profit, and how best trading has been for them, the truth is that, some of them are actually right, but one thing they always fail to discuss about is the risk involved, they tend to play down the risk factors involved, though it is always said in our local parlance, the higher the risk, the greater the reward. So for me I always allow those that are good with risks taking to go for what they believe in, because it's a free world.

Holding has its own rest of mind, holding doesn't have the kind of risk factors associated with trading, so a lot of people prefer holding as it gives them what they want in a long time.

[Promocodeudo]

I don't think that it's possible for any trader to be making consistent profits everyday because it's hard to predict the price movement of bitcoin accurately, and in the long run such trader will run at loss. A trader will not also have a good size of bitcoin portfolio in future because he's only buying and selling to make short-term profits. This is one of the reason why I don't see anything good in trading, because it's only for the moment.

Investing in bitcoin for long-term and hodli is the best, because it shows that you are matured enough to plan for your future and you don't want to waste your youthful age tolling for fun, rather because you believe in bitcoin, you decided to save the value of those funds that you are getting for the future by investing in bitcoin to safe the value of your savings and in return bitcoin gives you an additional funds for trusting in it which is your profit.

Anyone that has plan to live off his pension at old age, or doesn't want to continue the rat race at old age will understand the opportunity that bitcoin is bringing to his door step to solve such problem if only he can take the advantage now and invest and grow his bitcoin portfolio for the future because the opportunity bitcoin has to transform your financial status from one level to a higher one is real. Trading is the opposite.

Do people make constant profit in gambling, if they don't, then there is no way one can make constant profit in trading, sometimes I laugh when I hear people say things as if they can control them, @Ruttoshi am happy that you were able to clarify him to this extent, though people will say if trading is not sure how are we sure of Bitcoin investment in the future, Bitcoin has a history and from the onset it has been making tremendous movement that has been very beneficial to long-term hodlers which is a good precedence to work with, so going for a short term stuff will be a deceit of the highest order knowing fully well what's at stake.
As a trader you should know that loss is inevitable no matter how good a trader thinks he is, he must lose,  as a long-term investor once Bitcoin drops in price, your holdings depreciates and rises back once there is an upsurge but losing your bitcoin is not possible unless you forget your keys or misplaced your passphrase.

I don't think we should be comparing long-term Bitcoin investment and trading which seems more like a short term stuff because the difference is clear, those people that couldn't wait till this moment may be to sell their Bitcoin, I think they should be blaming themselves for making such a hasty and unwarranted decision of theirs, as for Bitcoin to serve as pension, its a good goal to set if people understand the need to do, just imagine a government employee whose retirement duration is 35 years, if he or she decides to do a weekly or monthly DCA with the amount that he can afford till the said 35 years, I think such person may not be needing his gratuity again because of the profit he or she would have made from Bitcoin, peope shoud start thinking wise to follow the right step in accumulating for the future.

[Tungbulu]

I want to get your point Tungbulu, are you indirectly asking us to diversify into trading or just stick to buying Bitcoin and holding for long-term? because from what I've gathered here, buying and holding Bitcoin is the only rightful way of accumulating more Bitcoins and every other ways, especially the one you're indirectly leading people into is very risky. However it would be in people's best interest to always focus on the right path, I mean buying and holding for long-term.

This question, or should I say the entirety of your post only insinuates either of both things, (or even the two) and that’s that, you either didn’t follow up the conversation from where it started and you just jumped into the middle of the convo to state what you believe to be your point, but then again, how can you make a valid point when you do not even understand the actual basis of the argument/discussion. And the second one could be that you managed to read the whole conversation but have the inability to understand English, because I see no reason if both are not the case, why you’d ask if I’m indirectly asking you guys to diversify into Trading because I clearly didn’t say that, directly or indirectly.

If you had followed the conversation from the start, then you’d bump into where I vividly stated that Trading/Gambling is very risky and dangerous and thereby should not be ventured into (at all) BUT for those who for some reasons cannot resist the temptation of delving into it, should try as much as possible to only use a very small percentage of their holding, possibly 5% or a little above that, while still maintaining their Bitcoin accumulation for the long term. Please read through the conversations and know where and how it all started before deciding to state your point next time. Thanks.

[Moreno233]

I want to get your point Tungbulu, are you indirectly asking us to diversify into trading or just stick to buying Bitcoin and holding for long-term? because from what I've gathered here, buying and holding Bitcoin is the only rightful way of accumulating more Bitcoins and every other ways, especially the one you're indirectly leading people into is very risky. However it would be in people's best interest to always focus on the right path, I mean buying and holding for long-term.

This question, or should I say the entirety of your post only insinuates either of both things, (or even the two) and that’s that, you either didn’t follow up the conversation from where it started and you just jumped into the middle of the convo to state what you believe to be your point, but then again, how can you make a valid point when you do not even understand the actual basis of the argument/discussion. And the second one could be that you managed to read the whole conversation but have the inability to understand English, because I see no reason if both are not the case, why you’d ask if I’m indirectly asking you guys to diversify into Trading because I clearly didn’t say that, directly or indirectly.

If you had followed the conversation from the start, then you’d bump into where I vividly stated that Trading/Gambling is very risky and dangerous and thereby should not be ventured into (at all) BUT for those who for some reasons cannot resist the temptation of delving into it, should try as much as possible to only use a very small percentage of their holding, possibly 5% or a little above that, while still maintaining their Bitcoin accumulation for the long term. Please read through the conversations and know where and how it all started before deciding to state your point next time. Thanks.

Instead of filling here with trading discussion when we are discussing how to buy and continue buying and holding, why not we take some of these discussion to the section meant for trading alone. There you can share your knowledge and experience about trading and it will be better appreciated because in here, most participants in this discussion are more focused in building their Bitcoin portfolio for long term HODL rather than buying and selling within a short interval of time which is what trading is basically about. I don't think there is anyone that condemned you for talking about trading just that your comments seems to be supporting trading in the wrong board, that is what I understand should be creating the reaction you are receiving from many people.

Most of us here have tried trading before learning how to invest and hold. If you will be honest with yourself, you will accept that holding comes with certain degree of peace that cannot be found in trading because in trading, your capital is constantly exposed to risk daily and weekly. This is the reason why many chose never to trade but concentrate in buying and holding.

[Odusko]

However, if you are in your bitcoin accumulation process and have not reached your bitcoin target, it's impossible for you to say that you want to live on your bitcoin investment, because you need a job to continue accumulating more bitcoin and anyone without a job will not be able to invest in bitcoin and grow his portfolio, which will make you start selling too much of your bitcoin, too quick and you will regret your actions in the long run.

Even if you have reached your Bitcoin accumulation target never say fuck you to your main source of income. Whatever the level of knowledge we think we have acquire its a huge risk to quit our job. 90% of success in Bitcoin investment is long term, consistency and patience. Instead of quitting why not we continue a stable investment to live off or save for a business that you can rely on. The only time i can agree to someone quitting his job is if it is not a good paying job and when an individual has made enough to retire.

It seems to me that you are misunderstanding what it might mean to reach fuck you status, and surely you realize that you can quit your job if you have made enough to retire, so why is that different from quitting ones job when they have enough BTC?

For sure, the more BTC you have the more options you have in regards to income off of it, and there could be errors in calculating the value of your BTC, so surely there are a lot of examples of people who pull their fuck you levers way too early because they miscalculate how much BTC they actually need in order to live off of them and how to valuate them and to valuate their standard of living expenses (or increases in their standard of living due to debasement of the dollar/fiat or from chosen increases of lifestyle expenses).

Most importantly we should not forget to point out the individual differences and our peculiar situations before reaching a fuck you stage, I remember a guy that bought a lot of Bitcoin when the price was low and Banks in my country allowed for direct Bitcoin transactions through the Bank, before the government restrictions, the dude thought that with his current amount of Bitcoin holdings he gave reached the level of fuck you stage with his bank employees, and when a policy that doesn't goes well with him came he quit his job too early, and instead of holding on to his Bitcoin holdings, he dived into some other alternatives investment by liquidating his Bitcoin holdings to channel the money into some other business.

But not long he realize that he gave messed up and need to restrategize so the experience makes us very important to know the exact time to say fuck you and leave on your Bitcoin, he who holds BTC have freedom and there is no need to exchange your Bitcoin to invest in some other alternatives, rsther one should think of hoe to increase your total bitcoun holdings to increase your profits potential in the future.

[Tmoonz]

You know the thing is that many people think that it is easy to make a profit basically the traders I believe that even though you know what you're doing in Trading that will not make you to think that every time you be involved in making profit if it is so many people would have become a billionaire in Trading but I know quite well that all these things is all about luck and opportunity so if you don't have such opportunity something that you'll be able to make profit.

I think trading is the most risky, because till date the person who has traded has not been successful.  But individuals who hold bitcoins and institutions that hold bitcoins are largely successful. So I can prove that it is possible to reach the top of the greatest success not only in trading but also in holding, such as Microstrategy Company, Nayib Bukele, the government of the country of El Salvador, all these people are holding Bitcoin long-term and today they are successful. Bitcoin cannot be sold as the price of Bitcoin has increased the most, because we have not passed the time until the end of the bull run.  
So only those holding by following DCA method are the only best holding, currently there is still ample opportunity for holding by DCA method.

Trading and Holding has been an issue we've had a lot of discussions about overtime, and a lot of people have highlighted reasons as to why they prefer holding for long and others have also said why they prefer trading. However the contest has always been between successful traders and successful holders. Traders will come and pontificate about how fast they make their profit, and how best trading has been for them, the truth is that, some of them are actually right, but one thing they always fail to discuss about is the risk involved, they tend to play down the risk factors involved, though it is always said in our local parlance, the higher the risk, the greater the reward. So for me I always allow those that are good with risks taking to go for what they believe in, because it's a free world.

Holding has its own rest of mind, holding doesn't have the kind of risk factors associated with trading, so a lot of people prefer holding as it gives them what they want in a long time.

Even though individuals can make their choices of whether to trade or hold for a long term but the truth has to be pin point that Bitcoin is best performed when allowed to exercise that very potential of appreciating over the long term, now the question is, has it not proven it's self ad to this regard? The answer is it has proven itself over time that it is the best to be viewed on a long term perspective rather than chasing after few dollar profits without peace of mind, holding is the best and shouldn't be compared to trading for short term profit.

[Justbillywitt]

Even if you have reached your Bitcoin accumulation target never say fuck you to your main source of income. Whatever the level of knowledge we think we have acquire its a huge risk to quit our job. 90% of success in Bitcoin investment is long term, consistency and patience. Instead of quitting why not we continue a stable investment to live off or save for a business that you can rely on. The only time i can agree to someone quitting his job is if it is not a good paying job and when an individual has made enough to retire.

It seems to me that you are misunderstanding what it might mean to reach fuck you status, and surely you realize that you can quit your job if you have made enough to retire, so why is that different from quitting ones job when they have enough BTC?

For sure, the more BTC you have the more options you have in regards to income off of it, and there could be errors in calculating the value of your BTC, so surely there are a lot of examples of people who pull their fuck you levers way too early because they miscalculate how much BTC they actually need in order to live off of them and how to valuate them and to valuate their standard of living expenses (or increases in their standard of living due to debasement of the dollar/fiat or from chosen increases of lifestyle expenses).

Well even as a holder of Bitcoin, I haven't even thought of this, or contemplating of surviving on my Bitcoin holdings even when I have gotten the stash of Bitcoin I wanted, though at that point I might decide to be taking profit from it bit by bit after retirement, but not like depending on it fully for survival.
Because to me that's the easiest way to drain the asset you should be leaving for your offsprings.
So having another source of income or a business running for you is very much important, so that you wouldn't get to that point of draining your holdings after retirement.

Though I might be wrong, but having a good source of income as a man is something we shouldn't joke with regardless of your financial status or the stash of Bitcoin in our possession.
So in essence of what am trying to say is that regardless of anything, constant cash flow is very much important even when you have gotten to the top of your Bitcoin accumulation process.

If you look very well at the scenario that he painted you will understand the message he is trying to convey. You and I  know that bitcoin is money in a digital form, therefore if people who have made enough money in fiat and saved so much for their retirement, can decides to quit their job, then why can't people who have have enough bitcoin do the same thing. After all bitcoin is money as well.That's the question he wants you to answer. For me people who have enough bitcoin can choose to quit their job as well, because for me they are even more at an advantage compared to someone who have made all their retirement savings in fiat. Because bitcoin will be appreciating every circle. All you have to do is live a moderate lifestyle and not spending more than you were doing before quitting the job.

That such an investor decides to live from his bitcoin which he deemed enough, doesn't mean he won't reserve for his children. When someone say they have enough bitcoin, don't just think that they are talking about 10 or 20 bitcoins. If people who have enough fiat can reserve for their children, people who have enough bitcoin can also do so.