Road to 100k?

[ultrloa]

I dont mind saying mistakes, lots of people sold early because it was far more irregular back then.  I like to think I've learnt a bit or gained experience.   In any case BTC has to circulate and it is a positive its being used, traded.   Tons of people mined BTC back when it was more home user and sold it, with electric bills that was quite normal to do.

Your explanation sounds more of trading to me.

To defeat your enemy you must know your enemy, thats as succinctly as I could put it.  But its better I defer completely to Sun-Tzu

Im not recommending trading, I wouldnt do that any more then recommending the next horse to win a race.  There is a parallel in trading and gambling I agree, but people do want to discuss the market direction  and I think that is fair to discuss and whether people act with conviction to buy more or less is upto them.   I agree people should be doing DCA in growth assets & I would have agreed with that strategy even before BTC was invented.

 Majority of people wont be good at trading, if BTC is a bull market - it is, then there is a higher danger of missing out elevated by trading.   Iam interested in trading but nobody should be betting they are correct with all their BTC, its such a volatile market that would be very difficult to achieve .

Trading is something i won`t recommend to anyone especially leverage trading (future trading), instead i prefer recommending bitcoin investment because the risk can be easily handled compare to that of trading . because that have strong zeal for trading would need to time to accumulate alot of knowledge about how trading work is like the opposite of investing in bitcoin because one don`t need any complex knowledge before investing in bitcoin.

Trading is gambling and there is no need to gamble with your bitcoin because it is too precious to be used for gambling. People that are trading lack patience and want to get rich quick with trading forgetting that you will lose more when trading than making profit. Trading is a wrong way for anyone to think that he can use it to increase his bitcoin stash because it will be the opposite and at the end, you will regret your actions when bitcoin is very expensive to buy and you will blame yourself for not investing when you had the opportunity to invest and hodli.

New investors should say NO to trading and only focus on buying bitcoin with part of their discretionary income every week through DCA strategy consistent and hodli for long, while they keep on building and growing their bitcoin stash in order for them to reach their bitcoin target. Bitcoin investment will give long-term profit and that is more beneficial because it will reduce the risk of you running at loss due to the volatile nature of bitcoin.

Trading is really a gamble and people participating on this activities is like trying to hit their luck with bigger gains if the market pump, but what usually happen to those unexperienced people totally lose their capital especially if there expected scenario to happen didn't came and fear overcome to them then decide to dump their funds because they afraid to lose more money. This is normal scenario on trading that's why this is highly been discourage to do by anyone don't have great patience and proper understanding the way how market moves since usually they provably end up losing on trading.

Its not really ideal for new investor to do trading its because most likely it will end up into miserable loss to them since their lack of experience would lead something negative result to them. Buying bitcoin would be ideal for starters because chances to loss is pretty low and the only thing they need to do is to understand the situation of the market and they could able to continue to accumulate then intend their acquire bitcoin for long term then think about next better action to continue or be consistent on their accumulation.

[Odohu]

Im not recommending trading, I wouldnt do that any more then recommending the next horse to win a race.  There is a parallel in trading and gambling I agree, but people do want to discuss the market direction  and I think that is fair to discuss and whether people act with conviction to buy more or less is upto them.   I agree people should be doing DCA in growth assets & I would have agreed with that strategy even before BTC was invented.

 Majority of people wont be good at trading, if BTC is a bull market - it is, then there is a higher danger of missing out elevated by trading.   Iam interested in trading but nobody should be betting they are correct with all their BTC, its such a volatile market that would be very difficult to achieve .

Well anybody can choose to do what they want to do but there is somuch risk in trading I wouldn't advise anybody to be interested in trading Bitcoin seeing Bitcoin as a tradable coin can be very wrong for Bitcoin is more profitable if hodl for long and not to trade in a short term perspective for there is no how you can compare those investors that held there Bitcoin for long and those that go for short term purpose for those that hold for long will be happier compare to short term traders.

You sound like an inexperienced trader. Though it's good advice if one can not handle trading, investment is less risky, so why not opt for it? Still, you do not have to discourage people, especially with Bitcoin trading which I deem to be one of the easiest assets to be traded in the financial market. But the issue with people is that they would want to trade Bitcoin in the regular way, that's off. Any margined products will always be risky, which is why one may plan the trading accornding to the nature of Bitcoin.

If Bitcoin humbles you, then you will understand that the best decision is never to attempt to predict the price of Bitcoin and even commit your money to it. Bitcoin is volatile and should not be messed with if you love your money. Check how well Bitcoin have proven the supposed experts wrong, I mean those who are supposed to be respected in their areas of specialisation which is financial analysis, Bitcoin always have a way of proving them wrong when it comes to predicting the price of Bitcoin.

The biggest winners in Bitcoin are those who buy and hold for long. Even in institutional level, the biggest winners are those who bought and held. So know this, why will someone chose trading over investing? If not of greed and impatient, why can't someone give Bitcoin 5-10yrs to deliver? Conventional businesses take this long to break even and become profitable, but when it comes to Bitcoin, people are not ready to wait few years to see their investment yield profits. By now it should be obvious to those engaging in this discussion that long term is the gain of Bitcoin.

[sotelorene]

I dont mind saying mistakes, lots of people sold early because it was far more irregular back then.  I like to think I've learnt a bit or gained experience.   In any case BTC has to circulate and it is a positive its being used, traded.   

There mere fact that bitcoin is traded, and even that trading is good for bitcoin's price discovery and liquidity does not mean that any of us should engage in trading, especially if we are looking out for our own interests in terms of attempting to gain value with the passage of time and to have more options because our portfolio ended up performing better through practices that largely started out with various forms of BTC accumulation through buying ONLY (or HODL) and did not use selling as a way to attempt to accumulate more bitcoin. Sure, once a guy (BTC accumulator) might reach some meaningful accumulation goal, then it surely may well start to be in his interest to either merely maintain his BTC stash or to start to sell BTC either with time-based methods (which might even be selling something like monthly) or price based methods, which might be selling certain amounts of his stash as the BTC price goes up.

That's it jayjuangee, you know some people don't actually realize that Bitcoin should be a store of value that's why they are blindly selling or trading their Bitcoins but anyone who is concerned about the future of Bitcoin will find need to accumulate and HODL till they have gotten a huge portfolio then they can decide to sell part of their hodling depending on how much stash they have got and the price level at that period of time when they must have made significant profits in their investments. It's not as though we should HODL forever but we should have a broad understanding that Bitcoin is an asset that tends to increase more in value when we hodl than trade or sell. Every Bitcoin investor has a target of how much they want to accumulate for long term profits so when they approach their desired investment goal, selling part of their Bitcoin will not be an issue anymore but for a beginner, all he needs do is to buy and HODL and never should trade his Bitcoins till he must have made huge accumulations in the future.

You are absolutely right, the best way to go about Bitcoin is to buy and hold for long term maybe using the DCA method or any other method one think is okay and I want to believe that everyone knows this so whoever that think trading or gambling is best then they should go ahead  but they shouldn't come to panic or say any discouraging words after incurring some loses though there are a lot of people who are into trading and gambling which I can't tell if they are actually making good profit but I still wonder why people still trade Bitcoin even when the know that Bitcoin is not like shitcoin and alt which easily drop heavily and also skyrocket within an interval of time.

[Kliss]

I dont mind saying mistakes, lots of people sold early because it was far more irregular back then.  I like to think I've learnt a bit or gained experience.   In any case BTC has to circulate and it is a positive its being used, traded.   

There mere fact that bitcoin is traded, and even that trading is good for bitcoin's price discovery and liquidity does not mean that any of us should engage in trading, especially if we are looking out for our own interests in terms of attempting to gain value with the passage of time and to have more options because our portfolio ended up performing better through practices that largely started out with various forms of BTC accumulation through buying ONLY (or HODL) and did not use selling as a way to attempt to accumulate more bitcoin. Sure, once a guy (BTC accumulator) might reach some meaningful accumulation goal, then it surely may well start to be in his interest to either merely maintain his BTC stash or to start to sell BTC either with time-based methods (which might even be selling something like monthly) or price based methods, which might be selling certain amounts of his stash as the BTC price goes up.

That's it jayjuangee, you know some people don't actually realize that Bitcoin should be a store of value that's why they are blindly selling or trading their Bitcoins but anyone who is concerned about the future of Bitcoin will find need to accumulate and HODL till they have gotten a huge portfolio then they can decide to sell part of their hodling depending on how much stash they have got and the price level at that period of time when they must have made significant profits in their investments. It's not as though we should HODL forever but we should have a broad understanding that Bitcoin is an asset that tends to increase more in value when we hodl than trade or sell. Every Bitcoin investor has a target of how much they want to accumulate for long term profits so when they approach their desired investment goal, selling part of their Bitcoin will not be an issue anymore but for a beginner, all he needs do is to buy and HODL and never should trade his Bitcoins till he must have made huge accumulations in the future.

You are absolutely right, the best way to go about Bitcoin is to buy and hold for long term maybe using the DCA method or any other method one think is okay and I want to believe that everyone knows this so whoever that think trading or gambling is best then they should go ahead  but they shouldn't come to panic or say any discouraging words after incurring some loses though there are a lot of people who are into trading and gambling which I can't tell if they are actually making good profit but I still wonder why people still trade Bitcoin even when the know that Bitcoin is not like shitcoin and alt which easily drop heavily and also skyrocket within an interval of time.

Buying and HODLing bitcoin is an eye opening strategy for investors looking to make profit from their Bitcoin investments. It allows investors to benefit from the potential growth and value appreciation of Bitcoin over time. An investor shouldn't consider selling their bitcoin holdings  without hitting a satisfactory level in their accumulation, stay disciplind to the approach. Holding Bitcoin for long term, is very beneficial. The approach is one of the most simplest ways to possess a valuable assets (Bitcoin). Definitely, With a long term holding intentions is more profitable and peaceful than trading,  because the longer you hold  the value and price increases over time

[Zanab247]

If you look at my chart My target is bitcoin going to retest previous support at 63-65K level and then BTC should break the 70-73K level and goes to 75K and from then if bitcoin can manage the price at that level then 80K is my closest target

I'm not quite good at reading charts but what and so I might not really understand what the chat implying but I'm curious to know, what happens when Bitcoin gets to $75k? Would you sell your holding and hand you even bought enough Bitcoin to possibly sell at a new ATH? Would it make any difference if we see Bitcoin at $75k anytime soon?  In some way, I don't take any speculation that talks about Bitcoin getting just some few steps above the last ATH before a particular timeframe seriously. It most times appears as though the speculation is a mere guess that's just made with little practical analysis.

If the price hit $75k in the market, there are some people that will sell to make a profit, but there are some people who will not going to sell even though the price hit $75k or $80k above because their major target is $100k above which i know their hodling will not going to be in vain when the price hit above their target. If you have the opportunity to buy BTC and hodl, you will be nterested in speculation because there are some things you will hear or  see with your two eyes to know that there is a massive opportunity that is about to happen to BTC price that will make another ATH to flow for hodlers to earn more profits.

As we all speculate and set targets regarding what we expect Bitcoin to get to at a certain time, the best preparation to do is to continue buying as much as we can afford and not just get ourselves all bored down with charts.

If you have the money with you, you don't need to wait for people to tell you to buy BTC before you go buy, because BTC is the best coin you can invest and you will like to continue to accumulate your BTC in your wallet because it will going to pump higher in the future. Do you know that the price of BTC will hit $80k this year before the massive bear run will occur? Yes, it will get to that price soon, you can see many people using this little dump to buy more BTC and hodl the bull run to occur.

[Btcdeybodi]

Im not recommending trading, I wouldnt do that any more then recommending the next horse to win a race.  There is a parallel in trading and gambling I agree, but people do want to discuss the market direction  and I think that is fair to discuss and whether people act with conviction to buy more or less is upto them.   I agree people should be doing DCA in growth assets & I would have agreed with that strategy even before BTC was invented.

 Majority of people wont be good at trading, if BTC is a bull market - it is, then there is a higher danger of missing out elevated by trading.   Iam interested in trading but nobody should be betting they are correct with all their BTC, its such a volatile market that would be very difficult to achieve .

Well anybody can choose to do what they want to do but there is somuch risk in trading I wouldn't advise anybody to be interested in trading Bitcoin seeing Bitcoin as a tradable coin can be very wrong for Bitcoin is more profitable if hodl for long and not to trade in a short term perspective for there is no how you can compare those investors that held there Bitcoin for long and those that go for short term purpose for those that hold for long will be happier compare to short term traders.

You sound like an inexperienced trader. Though it's good advice if one can not handle trading, investment is less risky, so why not opt for it? Still, you do not have to discourage people, especially with Bitcoin trading which I deem to be one of the easiest assets to be traded in the financial market. But the issue with people is that they would want to trade Bitcoin in the regular way, that's off. Any margined products will always be risky, which is why one may plan the trading accornding to the nature of Bitcoin.

I don't see any reason or whatsoever why Bitcoin should be traded whether you plan to trade it on a regular or irregular basis you need to understand that Bitcoin is a high valuable asset and it will be a lack of courage and confidence for any one to trade Bitcoin for short term profits. Bitcoin is a super asset that needs to be stored for future benefits instead of trading with it to make quick gains. Even though there may be traders who are experienced but if they should trade there are other assets they can choose to trade and not Bitcoin because trading Bitcoin will be a kind of demeaning the asset which is a very wrong investment approach.

Its a well known fact that Bitcoin moves in season/cycle, so why not wait till a bearish season ends and buy your Bitcoin on the futures market with the right plan and management? This trade is set to be left alone for at least a year and many months. Any trader who can do this regularly will not have any reason to be sad about Bitcoin trading, it's only the short-term traders who have enough to worry about.

Even if there is bear and bull seasons it doesn't mean you should just buy in bear season with the hopes that you would sell in bull season as Bitcoin investments should not only be targeted between the bear and bull seasons but should be how much accumulation you've got in your portfolio and how long you have been able to hold. Talking about making investments for a year and some months is almost same as trading because a year or two is not even enough to consider selling your Bitcoin but you can be investing for a period of 5-10 years or even more than, the reason for HODLing that long is to enable you own a huge portfolio before you can decide to sell part of your Bitcoin for profits during the bull season as you may deem fit.

[Sim_card]

Im not recommending trading, I wouldnt do that any more then recommending the next horse to win a race.  There is a parallel in trading and gambling I agree, but people do want to discuss the market direction  and I think that is fair to discuss and whether people act with conviction to buy more or less is upto them.   I agree people should be doing DCA in growth assets & I would have agreed with that strategy even before BTC was invented.

 Majority of people wont be good at trading, if BTC is a bull market - it is, then there is a higher danger of missing out elevated by trading.   Iam interested in trading but nobody should be betting they are correct with all their BTC, its such a volatile market that would be very difficult to achieve .

Well anybody can choose to do what they want to do but there is somuch risk in trading I wouldn't advise anybody to be interested in trading Bitcoin seeing Bitcoin as a tradable coin can be very wrong for Bitcoin is more profitable if hodl for long and not to trade in a short term perspective for there is no how you can compare those investors that held there Bitcoin for long and those that go for short term purpose for those that hold for long will be happier compare to short term traders.

You sound like an inexperienced trader. Though it's good advice if one can not handle trading, investment is less risky, so why not opt for it? Still, you do not have to discourage people, especially with Bitcoin trading which I deem to be one of the easiest assets to be traded in the financial market. But the issue with people is that they would want to trade Bitcoin in the regular way, that's off. Any margined products will always be risky, which is why one may plan the trading accornding to the nature of Bitcoin.

Its a well known fact that Bitcoin moves in season/cycle, so why not wait till a bearish season ends and buy your Bitcoin on the futures market with the right plan and management? This trade is set to be left alone for at least a year and many months. Any trader who can do this regularly will not have any reason to be sad about Bitcoin trading, it's only the short-term traders who have enough to worry about.

Your post can be misleading to newbies who wants to start their bitcoin investment to think that trading can give the profit. It is better that new investors don't go into trading because it will make you run at loss since it is very risk and complex to understand. New investors should only invest in bitcoin  for long-term, using DCA to grow and build your bitcoin stash overtime.

I think you are short sighted to see what bitcoin can do in the future if you hodli for a long period of time and that is why you prefer to buy at the bear market and sell at the bull run. I will call a misplaced priority because what is the benefit of buying and selling believing to buy back in the bear. You are only risking your funds because of little increase in price that might later turn against you because if you sell at the bull run and hold fiat what is the benefit of you holding fiat instead of leaving your bitcoin investment to grow in size overtime as you are building it.

There is what is called compounding effect of your bitcoin portfolio which is your bitcoin keeps on increasing and generating more profit which that profits will also be added to the initial amount of bitcoin and generate more profit. Just like the compound interest that was thought to you in school about fiat saved in the bank. Bitcoin profit is far better than that of fiat. Only one wrong decision in trading can make you loss all your funds when the market goes against you and you will regret your action in life. Invest in bitcoin for your future and don't gamble with trading.

[Barikui1]

If you look at my chart My target is bitcoin going to retest previous support at 63-65K level and then BTC should break the 70-73K level and goes to 75K and from then if bitcoin can manage the price at that level then 80K is my closest target

I'm not quite good at reading charts but what and so I might not really understand what the chat implying but I'm curious to know, what happens when Bitcoin gets to $75k? Would you sell your holding and hand you even bought enough Bitcoin to possibly sell at a new ATH? Would it make any difference if we see Bitcoin at $75k anytime soon?  In some way, I don't take any speculation that talks about Bitcoin getting just some few steps above the last ATH before a particular timeframe seriously. It most times appears as though the speculation is a mere guess that's just made with little practical analysis.

If the price hit $75k in the market, there are some people that will sell to make a profit, but there are some people who will not going to sell even though the price hit $75k or $80k above because their major target is $100k above which i know their hodling will not going to be in vain when the price hit above their target. If you have the opportunity to buy BTC and hodl, you will be nterested in speculation because there are some things you will hear or  see with your two eyes to know that there is a massive opportunity that is about to happen to BTC price that will make another ATH to flow for hodlers to earn more profits.

Though of a truth, it's very much common among investors that they find it really difficult to keep their mind and thought off their Bitcoin holdings, because even the bible says that where your treasures is, that is where your mind will mostly be, so it's quite normal, if not, the best way to hold is to ignore all speculations and focus more on increasing the stash of Bitcoin in your possession, because by paying too much attention to the speculated on Bitcoin, you might be tempted to temper with your holding either through panic selling or selling for minimal gains, so the best way to go about it is to try to increase the stash of Bitcoin you have by buying through the DCA accumulating strategy,  then set a timeframe on how long you will hold, because since we are still in the early stage of Bitcoin, their is a higher probability of Bitcoin doing 5x to 10x between seven to ten years time from now, so in essence is that too much focusing on the price of Bitcoin or speculations is not healthy, if you really want to hold strong.

[JayJuanGee]

Im not recommending trading, I wouldnt do that any more then recommending the next horse to win a race.  There is a parallel in trading and gambling I agree, but people do want to discuss the market direction  and I think that is fair to discuss and whether people act with conviction to buy more or less is upto them.   I agree people should be doing DCA in growth assets & I would have agreed with that strategy even before BTC was invented.

 Majority of people wont be good at trading, if BTC is a bull market - it is, then there is a higher danger of missing out elevated by trading.   Iam interested in trading but nobody should be betting they are correct with all their BTC, its such a volatile market that would be very difficult to achieve .

Well anybody can choose to do what they want to do but there is somuch risk in trading I wouldn't advise anybody to be interested in trading Bitcoin seeing Bitcoin as a tradable coin can be very wrong for Bitcoin is more profitable if hodl for long and not to trade in a short term perspective for there is no how you can compare those investors that held there Bitcoin for long and those that go for short term purpose for those that hold for long will be happier compare to short term traders.

You sound like an inexperienced trader. Though it's good advice if one can not handle trading, investment is less risky, so why not opt for it? Still, you do not have to discourage people, especially with Bitcoin trading which I deem to be one of the easiest assets to be traded in the financial market. But the issue with people is that they would want to trade Bitcoin in the regular way, that's off. Any margined products will always be risky, which is why one may plan the trading accornding to the nature of Bitcoin.

Its a well known fact that Bitcoin moves in season/cycle, so why not wait till a bearish season ends and buy your Bitcoin on the futures market with the right plan and management? This trade is set to be left alone for at least a year and many months. Any trader who can do this regularly will not have any reason to be sad about Bitcoin trading, it's only the short-term traders who have enough to worry about.

Your post can be misleading to newbies who wants to start their bitcoin investment to think that trading can give the profit. It is better that new investors don't go into trading because it will make you run at loss since it is very risk and complex to understand. New investors should only invest in bitcoin  for long-term, using DCA to grow and build your bitcoin stash overtime.

I think you are short sighted to see what bitcoin can do in the future if you hodli for a long period of time and that is why you prefer to buy at the bear market and sell at the bull run. I will call a misplaced priority because what is the benefit of buying and selling believing to buy back in the bear. You are only risking your funds because of little increase in price that might later turn against you because if you sell at the bull run and hold fiat what is the benefit of you holding fiat instead of leaving your bitcoin investment to grow in size overtime as you are building it.

There is what is called compounding effect of your bitcoin portfolio which is your bitcoin keeps on increasing and generating more profit which that profits will also be added to the initial amount of bitcoin and generate more profit. Just like the compound interest that was thought to you in school about fiat saved in the bank. Bitcoin profit is far better than that of fiat. Only one wrong decision in trading can make you loss all your funds when the market goes against you and you will regret your action in life. Invest in bitcoin for your future and don't gamble with trading.

Another problem with the theories of selling during the bull (supposedly at or near the top) and buying during the bear (supposedly at or near the bottom) is the ability to sufficiently identify the tops and the bottoms, so we have a lot of examples of guys selling way too many coins too soon and then also having difficulties figuring when to get back in if they did sell, including during that whole time they could have had been stacking more bitcoin and not fucking around with the employment of waiting (and gambling) techniques.

[Yucky]

Im not recommending trading, I wouldnt do that any more then recommending the next horse to win a race.  There is a parallel in trading and gambling I agree, but people do want to discuss the market direction  and I think that is fair to discuss and whether people act with conviction to buy more or less is upto them.   I agree people should be doing DCA in growth assets & I would have agreed with that strategy even before BTC was invented.

 Majority of people wont be good at trading, if BTC is a bull market - it is, then there is a higher danger of missing out elevated by trading.   Iam interested in trading but nobody should be betting they are correct with all their BTC, its such a volatile market that would be very difficult to achieve .

Well anybody can choose to do what they want to do but there is somuch risk in trading I wouldn't advise anybody to be interested in trading Bitcoin seeing Bitcoin as a tradable coin can be very wrong for Bitcoin is more profitable if hodl for long and not to trade in a short term perspective for there is no how you can compare those investors that held there Bitcoin for long and those that go for short term purpose for those that hold for long will be happier compare to short term traders.

You sound like an inexperienced trader. Though it's good advice if one can not handle trading, investment is less risky, so why not opt for it? Still, you do not have to discourage people, especially with Bitcoin trading which I deem to be one of the easiest assets to be traded in the financial market. But the issue with people is that they would want to trade Bitcoin in the regular way, that's off. Any margined products will always be risky, which is why one may plan the trading accornding to the nature of Bitcoin.

Its a well known fact that Bitcoin moves in season/cycle, so why not wait till a bearish season ends and buy your Bitcoin on the futures market with the right plan and management? This trade is set to be left alone for at least a year and many months. Any trader who can do this regularly will not have any reason to be sad about Bitcoin trading, it's only the short-term traders who have enough to worry about.

Your post can be misleading to newbies who wants to start their bitcoin investment to think that trading can give the profit. It is better that new investors don't go into trading because it will make you run at loss since it is very risk and complex to understand. New investors should only invest in bitcoin  for long-term, using DCA to grow and build your bitcoin stash overtime.

I think you are short sighted to see what bitcoin can do in the future if you hodli for a long period of time and that is why you prefer to buy at the bear market and sell at the bull run. I will call a misplaced priority because what is the benefit of buying and selling believing to buy back in the bear. You are only risking your funds because of little increase in price that might later turn against you because if you sell at the bull run and hold fiat what is the benefit of you holding fiat instead of leaving your bitcoin investment to grow in size overtime as you are building it.

There is what is called compounding effect of your bitcoin portfolio which is your bitcoin keeps on increasing and generating more profit which that profits will also be added to the initial amount of bitcoin and generate more profit. Just like the compound interest that was thought to you in school about fiat saved in the bank. Bitcoin profit is far better than that of fiat. Only one wrong decision in trading can make you loss all your funds when the market goes against you and you will regret your action in life. Invest in bitcoin for your future and don't gamble with trading.

Another problem with the theories of selling during the bull (supposedly at or near the top) and buying during the bear (supposedly at or near the bottom) is the ability to sufficiently identify the tops and the bottoms, so we have a lot of examples of guys selling way too many coins too soon and then also having difficulties figuring when to get back in if they did sell, including during that whole time they could have had been stacking more bitcoin and not fucking around with the employment of waiting (and gambling) techniques.

another thing with keeping money at hand while waiting for a supposed button to buy is that the chances of spending or getting more discouraged while you're still waiting is very high. Even if you sell and luckily buy back lower than the price you sold your Bitcoin, you've just succeeded in pushing yourself into becoming a full time trader because at Everytime you feel you're in slight profit you will want to sell just so you can buy back and because you wouldn't want buy back at a price that's higher than the price you sold your Bitcoin, you will be forced to keep holding and expecting Bitcoin to experience a correction as soon as possible so you can buy back and what happens when it never happens up to a period of one year, would you still keep on waiting?

These are the little truth we have to tell ourselves and discard any form of thought that gives us the impression that we can always sell our Bitcoin and buy back at a cheaper rate.

[EarnOnVictor]

If Bitcoin humbles you, then you will understand that the best decision is never to attempt to predict the price of Bitcoin and even commit your money to it. Bitcoin is volatile and should not be messed with if you love your money.

What is the big deal about Bitcoin that you made it look as dreadful as this? You must be so new to the financial market. Are there no investors/traders earning from it?

Bitcoin is the least of my headaches when it comes to financial investment, it's too easy for me to the point that I consider it "free money." It might not be the same for you since you might be the investors of the crypto-era, the experience is still never there, but don't discourage others. Bitcoin doesn't dare to breathe when the volatility of asset classes like Gold, Crude oil, Indices etc are talking. I started with them, so I know an easy asset when I see one.

[laijsica]

Im not recommending trading, I wouldnt do that any more then recommending the next horse to win a race.  There is a parallel in trading and gambling I agree, but people do want to discuss the market direction  and I think that is fair to discuss and whether people act with conviction to buy more or less is upto them.   I agree people should be doing DCA in growth assets & I would have agreed with that strategy even before BTC was invented.

 Majority of people wont be good at trading, if BTC is a bull market - it is, then there is a higher danger of missing out elevated by trading.   Iam interested in trading but nobody should be betting they are correct with all their BTC, its such a volatile market that would be very difficult to achieve .

Well anybody can choose to do what they want to do but there is somuch risk in trading I wouldn't advise anybody to be interested in trading Bitcoin seeing Bitcoin as a tradable coin can be very wrong for Bitcoin is more profitable if hodl for long and not to trade in a short term perspective for there is no how you can compare those investors that held there Bitcoin for long and those that go for short term purpose for those that hold for long will be happier compare to short term traders.

You sound like an inexperienced trader. Though it's good advice if one can not handle trading, investment is less risky, so why not opt for it? Still, you do not have to discourage people, especially with Bitcoin trading which I deem to be one of the easiest assets to be traded in the financial market. But the issue with people is that they would want to trade Bitcoin in the regular way, that's off. Any margined products will always be risky, which is why one may plan the trading accornding to the nature of Bitcoin.

Its a well known fact that Bitcoin moves in season/cycle, so why not wait till a bearish season ends and buy your Bitcoin on the futures market with the right plan and management? This trade is set to be left alone for at least a year and many months. Any trader who can do this regularly will not have any reason to be sad about Bitcoin trading, it's only the short-term traders who have enough to worry about.

Your post can be misleading to newbies who wants to start their bitcoin investment to think that trading can give the profit. It is better that new investors don't go into trading because it will make you run at loss since it is very risk and complex to understand. New investors should only invest in bitcoin  for long-term, using DCA to grow and build your bitcoin stash overtime.

I think you are short sighted to see what bitcoin can do in the future if you hodli for a long period of time and that is why you prefer to buy at the bear market and sell at the bull run. I will call a misplaced priority because what is the benefit of buying and selling believing to buy back in the bear. You are only risking your funds because of little increase in price that might later turn against you because if you sell at the bull run and hold fiat what is the benefit of you holding fiat instead of leaving your bitcoin investment to grow in size overtime as you are building it.

There is what is called compounding effect of your bitcoin portfolio which is your bitcoin keeps on increasing and generating more profit which that profits will also be added to the initial amount of bitcoin and generate more profit. Just like the compound interest that was thought to you in school about fiat saved in the bank. Bitcoin profit is far better than that of fiat. Only one wrong decision in trading can make you loss all your funds when the market goes against you and you will regret your action in life. Invest in bitcoin for your future and don't gamble with trading.

Another problem with the theories of selling during the bull (supposedly at or near the top) and buying during the bear (supposedly at or near the bottom) is the ability to sufficiently identify the tops and the bottoms, so we have a lot of examples of guys selling way too many coins too soon and then also having difficulties figuring when to get back in if they did sell, including during that whole time they could have had been stacking more bitcoin and not fucking around with the employment of waiting (and gambling) techniques.

Bitcoin stack withdrawals may meet expectations of limited returns for them in bull markets but they back off from high profits. Similarly, they are waiting for another uncertain bear market. But they should keep themselves in regular DCAing to keep the stack growing. There are also a large number of investors who are convinced that Bitcoin investment profits are within their reach as expected in most cases. So we should increase the holding and long time. Taking care of the stack with increasing buying in a downtrend and keeping the target till the period without considering the price. Bitcoin Holding Strategy.

[Obim34]

Im not recommending trading, I wouldnt do that any more then recommending the next horse to win a race.  There is a parallel in trading and gambling I agree, but people do want to discuss the market direction  and I think that is fair to discuss and whether people act with conviction to buy more or less is upto them.   I agree people should be doing DCA in growth assets & I would have agreed with that strategy even before BTC was invented.

 Majority of people wont be good at trading, if BTC is a bull market - it is, then there is a higher danger of missing out elevated by trading.   Iam interested in trading but nobody should be betting they are correct with all their BTC, its such a volatile market that would be very difficult to achieve .

Well anybody can choose to do what they want to do but there is somuch risk in trading I wouldn't advise anybody to be interested in trading Bitcoin seeing Bitcoin as a tradable coin can be very wrong for Bitcoin is more profitable if hodl for long and not to trade in a short term perspective for there is no how you can compare those investors that held there Bitcoin for long and those that go for short term purpose for those that hold for long will be happier compare to short term traders.

You sound like an inexperienced trader. Though it's good advice if one can not handle trading, investment is less risky, so why not opt for it? Still, you do not have to discourage people, especially with Bitcoin trading which I deem to be one of the easiest assets to be traded in the financial market. But the issue with people is that they would want to trade Bitcoin in the regular way, that's off. Any margined products will always be risky, which is why one may plan the trading accornding to the nature of Bitcoin.

Its a well known fact that Bitcoin moves in season/cycle, so why not wait till a bearish season ends and buy your Bitcoin on the futures market with the right plan and management? This trade is set to be left alone for at least a year and many months. Any trader who can do this regularly will not have any reason to be sad about Bitcoin trading, it's only the short-term traders who have enough to worry about.

Your post can be misleading to newbies who wants to start their bitcoin investment to think that trading can give the profit. It is better that new investors don't go into trading because it will make you run at loss since it is very risk and complex to understand. New investors should only invest in bitcoin  for long-term, using DCA to grow and build your bitcoin stash overtime.

I think you are short sighted to see what bitcoin can do in the future if you hodli for a long period of time and that is why you prefer to buy at the bear market and sell at the bull run. I will call a misplaced priority because what is the benefit of buying and selling believing to buy back in the bear. You are only risking your funds because of little increase in price that might later turn against you because if you sell at the bull run and hold fiat what is the benefit of you holding fiat instead of leaving your bitcoin investment to grow in size overtime as you are building it.

There is what is called compounding effect of your bitcoin portfolio which is your bitcoin keeps on increasing and generating more profit which that profits will also be added to the initial amount of bitcoin and generate more profit. Just like the compound interest that was thought to you in school about fiat saved in the bank. Bitcoin profit is far better than that of fiat. Only one wrong decision in trading can make you loss all your funds when the market goes against you and you will regret your action in life. Invest in bitcoin for your future and don't gamble with trading.

Another problem with the theories of selling during the bull (supposedly at or near the top) and buying during the bear (supposedly at or near the bottom) is the ability to sufficiently identify the tops and the bottoms, so we have a lot of examples of guys selling way too many coins too soon and then also having difficulties figuring when to get back in if they did sell, including during that whole time they could have had been stacking more bitcoin and not fucking around with the employment of waiting (and gambling) techniques.

A lot of people who pampered this motion,  have been in a lot of mess. It may look easy having the whole thoughts but implying the necessary steps in the process becomes the problem. One thing to be clear about is that our analysis on the low or high may end up not being correct, same goes when the targeted DIP becomes a consolidation state before further DIP. The whole idea about buying low then selling high should be avoided because it doesn't seem effective to generate possible profits.

[Rabata]

If you look at my chart My target is bitcoin going to retest previous support at 63-65K level and then BTC should break the 70-73K level and goes to 75K and from then if bitcoin can manage the price at that level then 80K is my closest target

I'm not quite good at reading charts but what and so I might not really understand what the chat implying but I'm curious to know, what happens when Bitcoin gets to $75k? Would you sell your holding and hand you even bought enough Bitcoin to possibly sell at a new ATH? Would it make any difference if we see Bitcoin at $75k anytime soon?  In some way, I don't take any speculation that talks about Bitcoin getting just some few steps above the last ATH before a particular timeframe seriously. It most times appears as though the speculation is a mere guess that's just made with little practical analysis.

If the price hit $75k in the market, there are some people that will sell to make a profit, but there are some people who will not going to sell even though the price hit $75k or $80k above because their major target is $100k above which i know their hodling will not going to be in vain when the price hit above their target. If you have the opportunity to buy BTC and hodl, you will be nterested in speculation because there are some things you will hear or  see with your two eyes to know that there is a massive opportunity that is about to happen to BTC price that will make another ATH to flow for hodlers to earn more profits.

so the best way to go about it is to try to increase the stash of Bitcoin you have by buying through the DCA accumulating strategy,  then set a timeframe on how long you will hold, because since we are still in the early stage of Bitcoin, their is a higher probability of Bitcoin doing 5x to 10x between seven to ten years time from now, so in essence is that too much focusing on the price of Bitcoin or speculations is not healthy, if you really want to hold strong.

Yes, it is true that the more the investor will destroy the time with the Bitcoin price, the more he will be left behind. There are some investors who can not hold their emotion due to price correction or reduce the price they failed to accumulating Bitcoin. If an investor cannot set his goal, he will certainly not be able to reach his expected level. Those who imagine a far -reaching with Bitcoin give the more importance to the accumulation but not the price. Long time happiness can never be realized in short time. Long term holders definitely will get that opportunity. So focusing on the accumulation will be the staircase of success.

[EarnOnVictor]

Im not recommending trading, I wouldnt do that any more then recommending the next horse to win a race.  There is a parallel in trading and gambling I agree, but people do want to discuss the market direction  and I think that is fair to discuss and whether people act with conviction to buy more or less is upto them.   I agree people should be doing DCA in growth assets & I would have agreed with that strategy even before BTC was invented.

 Majority of people wont be good at trading, if BTC is a bull market - it is, then there is a higher danger of missing out elevated by trading.   Iam interested in trading but nobody should be betting they are correct with all their BTC, its such a volatile market that would be very difficult to achieve .

Well anybody can choose to do what they want to do but there is somuch risk in trading I wouldn't advise anybody to be interested in trading Bitcoin seeing Bitcoin as a tradable coin can be very wrong for Bitcoin is more profitable if hodl for long and not to trade in a short term perspective for there is no how you can compare those investors that held there Bitcoin for long and those that go for short term purpose for those that hold for long will be happier compare to short term traders.

You sound like an inexperienced trader. Though it's good advice if one can not handle trading, investment is less risky, so why not opt for it? Still, you do not have to discourage people, especially with Bitcoin trading which I deem to be one of the easiest assets to be traded in the financial market. But the issue with people is that they would want to trade Bitcoin in the regular way, that's off. Any margined products will always be risky, which is why one may plan the trading accornding to the nature of Bitcoin.

Its a well known fact that Bitcoin moves in season/cycle, so why not wait till a bearish season ends and buy your Bitcoin on the futures market with the right plan and management? This trade is set to be left alone for at least a year and many months. Any trader who can do this regularly will not have any reason to be sad about Bitcoin trading, it's only the short-term traders who have enough to worry about.

Your post can be misleading to newbies who wants to start their bitcoin investment to think that trading can give the profit. It is better that new investors don't go into trading because it will make you run at loss since it is very risk and complex to understand. New investors should only invest in bitcoin  for long-term, using DCA to grow and build your bitcoin stash overtime.  

It's you who sounds as if you never read what I wrote correctly. If you reread, you might discover I prioritised investment as less risky than trading. Even at that, trading is not entirely useless, once you know your way around it, you can make profits, unlike the way you make it look terrifying, if people can be gambling, while not trading that is even less risky.

As for misleading newbies, haven't you heard about DYOR? Trading is a choice and the advice I gave is provably good. Anyone who is new and bereft of trading knowledge or doesn't have the nerves for it should avoid it, it's never by force. Sharing a strategy that is working is not misleading to me, and if you must know, if Bitcoin has deepened very well in the wake of a bullish season, I see nothing wrong in buying it on the futures market with a liquidation targeted at a level that it will hardly reach.

For instance, in late 2022 or 2023, I see nothing wrong in buying Bitcoin with a low risk and set the liquidation price to about $5,000 while striking around $16,000. Do you think Bitcoin can reach $5,000 again? If you do, then you don't even believe in Bitcoin. Rich people do not fold their arms without taking risks and this particular one looks good to me. I will repeat it in the next cycle while people like you continue to argue.

[Reincarnated Sat]

If you look at my chart My target is bitcoin going to retest previous support at 63-65K level and then BTC should break the 70-73K level and goes to 75K and from then if bitcoin can manage the price at that level then 80K is my closest target

I'm not quite good at reading charts but what and so I might not really understand what the chat implying but I'm curious to know, what happens when Bitcoin gets to $75k? Would you sell your holding and hand you even bought enough Bitcoin to possibly sell at a new ATH? Would it make any difference if we see Bitcoin at $75k anytime soon?  In some way, I don't take any speculation that talks about Bitcoin getting just some few steps above the last ATH before a particular timeframe seriously. It most times appears as though the speculation is a mere guess that's just made with little practical analysis.

If the price hit $75k in the market, there are some people that will sell to make a profit, but there are some people who will not going to sell even though the price hit $75k or $80k above because their major target is $100k above which i know their hodling will not going to be in vain when the price hit above their target. If you have the opportunity to buy BTC and hodl, you will be nterested in speculation because there are some things you will hear or  see with your two eyes to know that there is a massive opportunity that is about to happen to BTC price that will make another ATH to flow for hodlers to earn more profits.

so the best way to go about it is to try to increase the stash of Bitcoin you have by buying through the DCA accumulating strategy,  then set a timeframe on how long you will hold, because since we are still in the early stage of Bitcoin, their is a higher probability of Bitcoin doing 5x to 10x between seven to ten years time from now, so in essence is that too much focusing on the price of Bitcoin or speculations is not healthy, if you really want to hold strong.

Yes, it is true that the more the investor will destroy the time with the Bitcoin price, the more he will be left behind. There are some investors who can not hold their emotion due to price correction or reduce the price they failed to accumulating Bitcoin. If an investor cannot set his goal, he will certainly not be able to reach his expected level. Those who imagine a far -reaching with Bitcoin give the more importance to the accumulation but not the price. Long time happiness can never be realized in short time. Long term holders definitely will get that opportunity. So focusing on the accumulation will be the staircase of success.

It is true that the only way an investor can succeed when it comes to investment especially Bitcoin investment is by setting his goals, however succeeding after setting your goals depends on the kind of goals you set, if you set a good goal you will succeed but if you set a bad goal you will fail.
Now for a newbie into Bitcoin investment you need to set a right goal so that you can succeed in Bitcoin, for example Hodling for a long term, and having a backup funds such as emergency, reserve and float fund.
If you engage in or set a wrong goal you will fail along the line for example engaging in Bitcoin trading as a newbie and starting your investment without having a source of income.

[Tmoonz]

If you look at my chart My target is bitcoin going to retest previous support at 63-65K level and then BTC should break the 70-73K level and goes to 75K and from then if bitcoin can manage the price at that level then 80K is my closest target

I'm not quite good at reading charts but what and so I might not really understand what the chat implying but I'm curious to know, what happens when Bitcoin gets to $75k? Would you sell your holding and hand you even bought enough Bitcoin to possibly sell at a new ATH? Would it make any difference if we see Bitcoin at $75k anytime soon?  In some way, I don't take any speculation that talks about Bitcoin getting just some few steps above the last ATH before a particular timeframe seriously. It most times appears as though the speculation is a mere guess that's just made with little practical analysis.

If the price hit $75k in the market, there are some people that will sell to make a profit, but there are some people who will not going to sell even though the price hit $75k or $80k above because their major target is $100k above which i know their hodling will not going to be in vain when the price hit above their target. If you have the opportunity to buy BTC and hodl, you will be nterested in speculation because there are some things you will hear or  see with your two eyes to know that there is a massive opportunity that is about to happen to BTC price that will make another ATH to flow for hodlers to earn more profits.

so the best way to go about it is to try to increase the stash of Bitcoin you have by buying through the DCA accumulating strategy,  then set a timeframe on how long you will hold, because since we are still in the early stage of Bitcoin, their is a higher probability of Bitcoin doing 5x to 10x between seven to ten years time from now, so in essence is that too much focusing on the price of Bitcoin or speculations is not healthy, if you really want to hold strong.

Yes, it is true that the more the investor will destroy the time with the Bitcoin price, the more he will be left behind. There are some investors who can not hold their emotion due to price correction or reduce the price they failed to accumulating Bitcoin. If an investor cannot set his goal, he will certainly not be able to reach his expected level. Those who imagine a far -reaching with Bitcoin give the more importance to the accumulation but not the price. Long time happiness can never be realized in short time. Long term holders definitely will get that opportunity. So focusing on the accumulation will be the staircase of success.

I completely agree with everything that you have said especially where you made mention of focusing on the accumulation rather than the price which is meant to be a logic and a watch word for every long term investor, perhaps it is Bitcoin we are talking about, a growing asset class that is best of it's kind, it is better to accumulate or store wealth that you or your generation will enjoy in the future rather than chasing a few dollar profits, the truth must be told that Bitcoin is best performed when viewed on a long term perspective, and anyone thinking less of Bitcoin is only being short sighted.

[Zackz5000]

Im not recommending trading, I wouldnt do that any more then recommending the next horse to win a race.  There is a parallel in trading and gambling I agree, but people do want to discuss the market direction  and I think that is fair to discuss and whether people act with conviction to buy more or less is upto them.   I agree people should be doing DCA in growth assets & I would have agreed with that strategy even before BTC was invented.

 Majority of people wont be good at trading, if BTC is a bull market - it is, then there is a higher danger of missing out elevated by trading.   Iam interested in trading but nobody should be betting they are correct with all their BTC, its such a volatile market that would be very difficult to achieve .

Well anybody can choose to do what they want to do but there is somuch risk in trading I wouldn't advise anybody to be interested in trading Bitcoin seeing Bitcoin as a tradable coin can be very wrong for Bitcoin is more profitable if hodl for long and not to trade in a short term perspective for there is no how you can compare those investors that held there Bitcoin for long and those that go for short term purpose for those that hold for long will be happier compare to short term traders.

You sound like an inexperienced trader. Though it's good advice if one can not handle trading, investment is less risky, so why not opt for it? Still, you do not have to discourage people, especially with Bitcoin trading which I deem to be one of the easiest assets to be traded in the financial market. But the issue with people is that they would want to trade Bitcoin in the regular way, that's off. Any margined products will always be risky, which is why one may plan the trading according to the nature of Bitcoin.

It's a well-known fact that Bitcoin moves in season/cycle, so why not wait till a bearish season ends and buy your Bitcoin on the futures market with the right plan and management? This trade is set to be left alone for at least a year and many months. Any trader who can do this regularly will not have any reason to be sad about Bitcoin trading, it's only the short-term traders who have enough to worry about.

Yes you are right am an inexperience trader when it come to Bitcoin investment I don't gamble or trade with my Bitcoin I can see that you are a full time Bitcoin trader, when it comes to Bitcoin investment you should have keep it for your self rather than posting it here for it can mislead some newbies who may visit this thread having an intention to invest in Bitcoin believing that trading in Bitcoin will be the best option to go but wrong. Trading is might result to great lost, for is best to invest in Bitcoin for a long time purpose with your DCA method buying Bitcoin bit by bit weekly or monthly to help your grow a good Bitcoin portfolio it Bitcoin stack.

[Ruttoshi]

Im not recommending trading, I wouldnt do that any more then recommending the next horse to win a race.  There is a parallel in trading and gambling I agree, but people do want to discuss the market direction  and I think that is fair to discuss and whether people act with conviction to buy more or less is upto them.   I agree people should be doing DCA in growth assets & I would have agreed with that strategy even before BTC was invented.

 Majority of people wont be good at trading, if BTC is a bull market - it is, then there is a higher danger of missing out elevated by trading.   Iam interested in trading but nobody should be betting they are correct with all their BTC, its such a volatile market that would be very difficult to achieve .

Well anybody can choose to do what they want to do but there is somuch risk in trading I wouldn't advise anybody to be interested in trading Bitcoin seeing Bitcoin as a tradable coin can be very wrong for Bitcoin is more profitable if hodl for long and not to trade in a short term perspective for there is no how you can compare those investors that held there Bitcoin for long and those that go for short term purpose for those that hold for long will be happier compare to short term traders.

You sound like an inexperienced trader. Though it's good advice if one can not handle trading, investment is less risky, so why not opt for it? Still, you do not have to discourage people, especially with Bitcoin trading which I deem to be one of the easiest assets to be traded in the financial market. But the issue with people is that they would want to trade Bitcoin in the regular way, that's off. Any margined products will always be risky, which is why one may plan the trading accornding to the nature of Bitcoin.

Its a well known fact that Bitcoin moves in season/cycle, so why not wait till a bearish season ends and buy your Bitcoin on the futures market with the right plan and management? This trade is set to be left alone for at least a year and many months. Any trader who can do this regularly will not have any reason to be sad about Bitcoin trading, it's only the short-term traders who have enough to worry about.

Your post can be misleading to newbies who wants to start their bitcoin investment to think that trading can give the profit. It is better that new investors don't go into trading because it will make you run at loss since it is very risk and complex to understand. New investors should only invest in bitcoin  for long-term, using DCA to grow and build your bitcoin stash overtime.  

It's you who sounds as if you never read what I wrote correctly. If you reread, you might discover I prioritised investment as less risky than trading. Even at that, trading is not entirely useless, once you know your way around it, you can make profits, unlike the way you make it look terrifying, if people can be gambling, while not trading that is even less risky.

As for misleading newbies, haven't you heard about DYOR? Trading is a choice and the advice I gave is probably good. Anyone who is new and bereft of trading knowledge or doesn't have the nerves for it should avoid it, it's never by force. Sharing a strategy that is working is not misleading to me, and if you must know, if Bitcoin has deepened very well in the wake of a bullish season, I see nothing wrong in buying it on the futures market with a liquidation targeted at a level that it will hardly reach.

For instance, in late 2022 or 2023, I see nothing wrong in buying Bitcoin with a low risk and set the liquidation price to about $5,000 while striking around $16,000. Do you think Bitcoin can reach $5,000 again? If you do, then you don't even believe in Bitcoin. Rich people do not fold their arms without taking risks and this particular one looks good to m. I will repeat it in the next cycle while people like you continue to argue.

What is working for you will not work for everyone, if trading is the best way that you are using to double your bitcoin, there is no problem about that but one thing that I know is that it is not an ideal practice for new investors who have only the basic knowledge of bitcoin, because the last time that I checked majority of traders are running at loss and they are after little profit instead of investing for a long term goal to give their old age financial back up plan. Will you continue to trade till old age.

C'mon big up man and think on investing for a long term and grow your bitcoin investment for 4-10 years and above to be proud that you have an investment that is generating profit steadily. Trading will only give you little profit and mess with your emotions because all the time, you are thinking of the market and the price of bitcoin. Have you ever thought that what if you sell and plan to buy back, during the bear market and the price did not dip to your expectations.

You are old in the bitcoin game like you claim and whatever decisions and action that you make, you will be held responsible for it. Let new investors first start with investing in bitcoin and have a good size of bitcoin stash before they can think of shaving off profit and that will take them a very long period of time maybe 10- 20years. Investing is better than trading and very easy to practice with very low risk and this is why people should invest.

[Dailyscript]

What is working for you will not work for everyone, if trading is the best way that you are using to double your bitcoin, there is no problem about that but one thing that I know is that it is not a ln ideal practice for new investors who have only the basic knowledge of bitcoin, because the last time that I checked majority of traders are running at loss and they are after little profit instead of investing for a long term goal to give their old age financial back up plan. Will you continue to trade till old age.

C'mon big up man and think on investing for a long term and grow your bitcoin investment for 4-10 years and above to be proud that you have an investment that is generating profit steadily. Trading will only give you little profit and mess with your emotions because all the time, you are thinking of the market and the price of bitcoin. Have you ever thought that what if you sell and plan to buy back, during the bear market and the price did not dip to your expectations.

You are old in the bitcoin game like you claim and whatever decisions and action that you make, you will be held responsible for it. Let new investors first start with investing in bitcoin and have a good size of bitcoin stash before they can think of shaving off profit and that will take them a very long period of time maybe 10- 20years. Investing is better than trading and very easy to practice with very low risk and this is why people should invest.

I think you need to free this young man here as you are misunderstanding him after he had explained enough in his last quote. Trading is an option and not a must so he said. If a person chooses trading over investment then it is his own choice. At the end of the day each and everyone of us will take full responsibility of our actions. Earnonvictor never chooses trading over investment, but he explained that some persons are willing to trade because they have had some clue or idea of how things worked for them in trading. Investment on the other hand in my opinion is better because you are reducing the risk  which should be what an investor should be looking towards to and not a get-rich-quick method through trading.

Currently, there has been a lot of agony from traders around me because Bitcoin has shown crazy price movements last week and this week. Which has made a lot of them lose lots of money. It still makes me wonder why people still choose to trade or is it because of the need for everyday cash flow? If so why they dont do other business with the capital used for trading.