Road to 100k?

[LUCKMCFLY]

Like for instance one kept buying bitcoin as the price continue to dip , rather than selling it. Whenever the price begins to rise or increase that folks would be in a good profits , that's far higher than those who actually buy Bitcoin once with the use of lump-summing.

If everyone thought that way I think there would be a lot of collective intelligence in finance, but unfortunately many think it but do not act, and that is something we see daily, it is not only said but done, and most penops when they have their money they want to see immediate results and that is something that cannot, or at least should not be achieved so quickly, only those who take the risk and achieve it, either in a casino, which I do not recommend or trading, but they are very big risks and in most cases they lose, so I think that going slowly but surely is the best, that is why even if it means buying little, but buying.

[Onyeeze]

I believe that if we see repeating trends or patterns on the Bitcoin chart, then we should not engage in nonsense like predictions, because the price chart will always surprise all traders. And as soon as someone thinks that he can predict the price movement based on past experience, then such a person will then see unexpected surprises.
Nevertheless, for now Uptober pleases us with price growth (68k!) and this is cool.
And many expected that there will be growth (also elections are ahead) but I hope that this month will pass without unpleasant surprises, and digital gold will continue to go up.

this is exactly what I normally tell people concerning prediction of Bitcoin it is obvious that the Bitcoin prediction does not help us and in many persons predict bitcoin price based on assumption they do not make any research concerning the price before they predict the price of Bitcoin that is why I don't like to accept some price or prediction of Bitcoin, I do make my own research to make sure that Bitcoin price is best known to me because of my own analysis that normally take me time to verify but people do believe on any price then see people's speculate so I don't think that is good to be following unnecessary prediction from people, so I believe we should understand that bitcoin price can change at any point in time so I support your suggestion from my own understanding of Bitcoin price and  regulation

[Agbamoni]

Like for instance one kept buying bitcoin as the price continue to dip , rather than selling it. Whenever the price begins to rise or increase that folks would be in a good profits , that's far higher than those who actually buy Bitcoin once with the use of lump-summing.

If everyone thought that way I think there would be a lot of collective intelligence in finance, but unfortunately many think it but do not act, and that is something we see daily, it is not only said but done, and most penops when they have their money they want to see immediate results and that is something that cannot, or at least should not be achieved so quickly, only those who take the risk and achieve it, either in a casino, which I do not recommend or trading, but they are very big risks and in most cases they lose, so I think that going slowly but surely is the best, that is why even if it means buying little, but buying.

I often say this, trading and investing are two different things. We cannot risk our money only to take the profit in less than an hour or two days and we call that investing. A young investor should invest in Bitcoin at least 10 to 15 years minimum to achieve great benefit from it. Anything other than that can be seen more like a trading and a get rich quick mindset. Investing in Bitcoin is knowing its true value and keeping it till then.

I have come to understand that great wealth comes only when we store value over a period of time and hold it for decades. And that should be the same for Bitcoin, cos it is such an asset with great value.

[Hewlet]

Like for instance one kept buying bitcoin as the price continue to dip , rather than selling it. Whenever the price begins to rise or increase that folks would be in a good profits , that's far higher than those who actually buy Bitcoin once with the use of lump-summing.

If everyone thought that way I think there would be a lot of collective intelligence in finance, but unfortunately many think it but do not act, and that is something we see daily, it is not only said but done, and most penops when they have their money they want to see immediate results and that is something that cannot, or at least should not be achieved so quickly, only those who take the risk and achieve it, either in a casino, which I do not recommend or trading, but they are very big risks and in most cases they lose, so I think that going slowly but surely is the best, that is why even if it means buying little, but buying.

I often say this, trading and investing are two different things. We cannot risk our money only to take the profit in less than an hour or two days and we call that investing. A young investor should invest in Bitcoin at least 10 to 15 years minimum to achieve great benefit from it. Anything other than that can be seen more like a trading and a get rich quick mindset. Investing in Bitcoin is knowing its true value and keeping it till then.

I wouldn't totally agree with you that it's untill you've bought and left your Bitcoin for 10 to 15 years that you've actually invested in Bitcoin. It's True that If you've done that for that long a time, you've grown to become a matured investor but still, anything that's up to a circle or a period of four years is enough to be looked at as a long term investment. It's not as though once you've accumulated up to four years you should just sell off your Bitcoin but when you've gone that long, it now makes more sense to you and you can proceed to accumilating for as long as you want up to the 10 years or 15 years or above. Those numbers of years are all at the range of an investment circle. In addition, just investing for a period of 10 years or 15 years is not what guarantees your profit or what makes you better position for profit that someone that only does his accumulation for a period of 4. If within an interval of 4 years you're able to accumulate more than what some other person uses 15 years to accumulate, then you're a better investor than he his.

I have come to understand that great wealth comes only when we store value over a period of time and hold it for decades. And that should be the same for Bitcoin, cos it is such an asset with great value.

true. There's a thread that talks about "making Bitcoin investment your savings account and it made a lot of sense to me. The value of your Bitcoin holding after you've invested for a long period of time through the DCA methord will amount to something really tangeable and you will discover that you've not only saved up for the future but that your investment has yielded a good profit for you. The sooner we start investing while Bitcoin is below $100k, the better it will be for us going forward when Bitcoin would have surpassed these prices.

[laijsica]

[edited out]

The only solution to fear or hesitancy in investing in Bitcoin is to take the investment to a strong position by doing regular DCA and building a decent holding. A backup fund is recommended to manage the investment successfully depending on the situation. A large holding should be held in short time intervals to reduce investment risk and buy in bulk in every downtrend.

Buying BTC  on dips and saving large amounts of value to potentially invest into BTC on dips is not necessarily a good strategy for most regular people to really get involved in investing into bitcoin, yet if we are already presuming that our hypothetical person has a lot of hesitancies in regards to bitcoin then such a quasi-waiting strategy could work decently well for such hesitant person, even if it is not really generally a recommended strategy for most normies, and that kind of a waiting while investing  very small DCAs strategy might work for that particular hesitant kind of a person just while they are still getting used to the idea of bitcoin and while they are continuing to DCA small amounts and to study bitcoin and get used to better attempting to understand what bitcoin is.

Elegantly speaking, when it comes to investing you won't find a crowd of perfectly knowledgeable people. They are usually eager to get more profit. I think the best solution is to do regular DCA without needing to be very knowledgeable about depositing bitcoins as this way a depositor can get a pretty decent stack by depositing long term without any stress. I have to agree with you that people necessarily keep their savings in anticipation of price dips that require them to burn more time to reach their desired point. It is possible for an aspirant to complete each cycle smoothly if DCA is performed consistently for long periods of time by tongue wetting.

People who are hesitating to accumulate Bitcoins can often suffer from FOMO because they are more worried about their capital whereas DCA is a simple strategy to naturally accumulate Bitcoins in addition to daily household needs. Individuals with FOMO may miss out on important value events at various times, causing them to regret later.

[Barikui1]

Like for instance one kept buying bitcoin as the price continue to dip , rather than selling it. Whenever the price begins to rise or increase that folks would be in a good profits , that's far higher than those who actually buy Bitcoin once with the use of lump-summing.

If everyone thought that way I think there would be a lot of collective intelligence in finance, but unfortunately many think it but do not act, and that is something we see daily, it is not only said but done, and most penops when they have their money they want to see immediate results and that is something that cannot, or at least should not be achieved so quickly, only those who take the risk and achieve it, either in a casino, which I do not recommend or trading, but they are very big risks and in most cases they lose, so I think that going slowly but surely is the best, that is why even if it means buying little, but buying.

I have come to understand that great wealth comes only when we store value over a period of time and hold it for decades. And that should be the same for Bitcoin, cos it is such an asset with great value.

Talking about this your last paragraph here, I think that you were spot on here because wealth don't just comes overnight, it comes overtime, especially to those that build from the the scratch, and truly as you rightfully said, Bitcoin can make someone achieve such height, because I know for a fact that in other to be wealthy or be able to build a generational wealth, all you have to do is to invest in any asset that appreciate in value overtime and Bitcoin, real estate, gold, diamond etc,  they all falls into such category, though their are some investment that doesn't appreciate in value overtime but can make you wealthy if you know how, and if their is consistency in getting the desired result, which are investment in agriculture or investment in education, like starting up a school.

So in essence of what am trying to say is that true wealth don't just comes overnight, it comes overtime and the ability to stay at the top is what defines you, and this is one of the major reason why most of this big lottery winner returns back to square one because they stumble on wealth overnight, it's mostly those that build wealth overtime that stays at the top on the longer run.

[bubilas]

I believe that if we see repeating trends or patterns on the Bitcoin chart, then we should not engage in nonsense like predictions, because the price chart will always surprise all traders. And as soon as someone thinks that he can predict the price movement based on past experience, then such a person will then see unexpected surprises.
Nevertheless, for now Uptober pleases us with price growth (68k!) and this is cool.
And many expected that there will be growth (also elections are ahead) but I hope that this month will pass without unpleasant surprises, and digital gold will continue to go up.

this is exactly what I normally tell people concerning prediction of Bitcoin it is obvious that the Bitcoin prediction does not help us and in many persons predict bitcoin price based on assumption they do not make any research concerning the price before they predict the price of Bitcoin that is why I don't like to accept some price or prediction of Bitcoin, I do make my own research to make sure that Bitcoin price is best known to me because of my own analysis that normally take me time to verify but people do believe on any price then see people's speculate so I don't think that is good to be following unnecessary prediction from people, so I believe we should understand that bitcoin price can change at any point in time so I support your suggestion from my own understanding of Bitcoin price and  regulation

Therefore, although we are interested in the price of Bitcoin, it is not a trigger for our actions. When they talk about someone who always holds back a little money to guess with a lower price, this approach does not seem good. This is the most greedy approach that is unlikely to make an investor rich and will exhaust him.
It is better to stick to DCA, and sleep peacefully at night, without nervously monitoring the price, FOMO and the like.
I think you agree with me that maintaining your health and calm state is as important as engaging in successful investing.

[I_Anime]

I often say this, trading and investing are two different things. We cannot risk our money only to take the profit in less than an hour or two days and we call that investing. A young investor should invest in Bitcoin at least 10 to 15 years minimum to achieve great benefit from it. Anything other than that can be seen more like a trading and a get rich quick mindset. Investing in Bitcoin is knowing its true value and keeping it till then.

I have come to understand that great wealth comes only when we store value over a period of time and hold it for decades. And that should be the same for Bitcoin, cos it is such an asset with great value.

The reason why most people sees trading as a waste of resources, is because of how newbies easily rush into it with the aim of trying to get rich quick with any proper skill or knowledge about it , I have met alot of successful well trained traders that have been using trading to earn a living and some are also investing in bitcoin after knowing the potential that lies in bitcoin, but one thing I know for sure is that trading is not for everyone, while investing is something anyone can do with or without any skill. That why I keep saying that anything you are doing in this space always prior your bitcoin investment, so that you won't miss out in what is coming ahead.

Bitcoin is giving me joy each day now it's around the price range of $67k go bitcoin go...

[Bloodseekers]

I often say this, trading and investing are two different things. We cannot risk our money only to take the profit in less than an hour or two days and we call that investing. A young investor should invest in Bitcoin at least 10 to 15 years minimum to achieve great benefit from it. Anything other than that can be seen more like a trading and a get rich quick mindset. Investing in Bitcoin is knowing its true value and keeping it till then.

I have come to understand that great wealth comes only when we store value over a period of time and hold it for decades. And that should be the same for Bitcoin, cos it is such an asset with great value.

The reason why most people sees trading as a waste of resources, is because of how newbies easily rush into it with the aim of trying to get rich quick with any proper skill or knowledge about it , I have met alot of successful well trained traders that have been using trading to earn a living and some are also investing in bitcoin after knowing the potential that lies in bitcoin, but one thing I know for sure is that trading is not for everyone, while investing is something anyone can do with or without any skill. That why I keep saying that anything you are doing in this space always prior your bitcoin investment, so that you won't miss out in what is coming ahead.

Bitcoin is giving me joy each day now it's around the price range of $67k go bitcoin go...

If someone rushes into trading with the aim of getting rich easily through trading, then the results they will get are of course very bad and of course this is not desired by everyone who trades, it is true that not everyone is suitable for trading, especially those who cannot control their emotions and do not do any analysis when entering the market to trade.

When someone chooses to run an investment in Bitcoin, of course it will be easy to understand and can also be run as long as they have income that they can invest and we all know that investing in Bitcoin will be very profitable if maintained in the long term for the profits that will be obtained after holding the asset, in the past two days we have seen very good price movements and I am sure it will continue to increase.

[sotelorene]

I often say this, trading and investing are two different things. We cannot risk our money only to take the profit in less than an hour or two days and we call that investing. A young investor should invest in Bitcoin at least 10 to 15 years minimum to achieve great benefit from it. Anything other than that can be seen more like a trading and a get rich quick mindset. Investing in Bitcoin is knowing its true value and keeping it till then.

I have come to understand that great wealth comes only when we store value over a period of time and hold it for decades. And that should be the same for Bitcoin, cos it is such an asset with great value.

The reason why most people sees trading as a waste of resources, is because of how newbies easily rush into it with the aim of trying to get rich quick with any proper skill or knowledge about it , I have met alot of successful well trained traders that have been using trading to earn a living and some are also investing in bitcoin after knowing the potential that lies in bitcoin, but one thing I know for sure is that trading is not for everyone, while investing is something anyone can do with or without any skill. That why I keep saying that anything you are doing in this space always prior your bitcoin investment, so that you won't miss out in what is coming ahead.

Bitcoin is giving me joy each day now it's around the price range of $67k go bitcoin go...

Perfectly said, I think I have also seen traders who are doing extremely well regardless of the risk involve and sometimes I ask myself if actually is trading they are doing and of course yes, they are actually trading and they even have people they're teaching and it more like a school. Trading is very risky yes, we all know that but people are still making money from it not because it was created or built for them but because they settled down to learn it and discipline themselves. The people I'm talking about was ones a newbie, what I'm saying in essence is that anybody can learn trading, so saying it's not for everyone is what I don't actually agree, those who are trading doesn't have two head, as a matter of fact most of them who are big now never believed they could do it but curiosity and determination took them to the height they are now. However, I'm not advising anyone to go into trading I just want to make something clear.

[Obim34]

I often say this, trading and investing are two different things. We cannot risk our money only to take the profit in less than an hour or two days and we call that investing. A young investor should invest in Bitcoin at least 10 to 15 years minimum to achieve great benefit from it. Anything other than that can be seen more like a trading and a get rich quick mindset. Investing in Bitcoin is knowing its true value and keeping it till then.

I have come to understand that great wealth comes only when we store value over a period of time and hold it for decades. And that should be the same for Bitcoin, cos it is such an asset with great value.

The reason why most people sees trading as a waste of resources, is because of how newbies easily rush into it with the aim of trying to get rich quick with any proper skill or knowledge about it , I have met alot of successful well trained traders that have been using trading to earn a living and some are also investing in bitcoin after knowing the potential that lies in bitcoin, but one thing I know for sure is that trading is not for everyone, while investing is something anyone can do with or without any skill. That why I keep saying that anything you are doing in this space always prior your bitcoin investment, so that you won't miss out in what is coming ahead.

Bitcoin is giving me joy each day now it's around the price range of $67k go bitcoin go...

Yes, trading is a waste of resources, imagine profiting yet to be taking from again in same condition. Trading is very much imposed with many risk factors, it doesn't matter about being well trained or having full knowledge as one can not be profitable at all times. Those you said are having the life with trading, maybe you should ask them how much they lost and how they manage to build to that level (if at all they are there).

Imagine if an average earner wants to get involved in Bitcoin and prefers to trade instead of purchasing and holding through his DCA plans, what will be your advise? clearly he has more vulnerability of losing than earning. Anyone starting his Bitcoin journey should consider every possible options of investing and holding instead of trading, aside new investors, it is more profitable holding due to certain scenario's that can lead to loses if trading is prefered.

[Spaceman1000$]

I often say this, trading and investing are two different things. We cannot risk our money only to take the profit in less than an hour or two days and we call that investing. A young investor should invest in Bitcoin at least 10 to 15 years minimum to achieve great benefit from it. Anything other than that can be seen more like a trading and a get rich quick mindset. Investing in Bitcoin is knowing its true value and keeping it till then.

I have come to understand that great wealth comes only when we store value over a period of time and hold it for decades. And that should be the same for Bitcoin, cos it is such an asset with great value.

The reason why most people sees trading as a waste of resources, is because of how newbies easily rush into it with the aim of trying to get rich quick with any proper skill or knowledge about it , I have met alot of successful well trained traders that have been using trading to earn a living and some are also investing in bitcoin after knowing the potential that lies in bitcoin, but one thing I know for sure is that trading is not for everyone, while investing is something anyone can do with or without any skill. That why I keep saying that anything you are doing in this space always prior your bitcoin investment, so that you won't miss out in what is coming ahead.

Bitcoin is giving me joy each day now it's around the price range of $67k go bitcoin go...

Hypothetical speaking, trading tends to attract more persons because of obvious reasons, it's appears to make you recover your money quicker, that quick recovery it's the lightning spark most young persons are jungling for, but there is a Vail that is beneath that quick success story they want to return with, it's called the trading technique and mastering which a lot of them don't pay attention to. Investing on one hand appears to be sluggish in growth, however this is the master stroke that most bitcoin investors have been able to unravel, they understand that time is money and investment grows with time and in value.

[JayJuanGee]

I often say this, trading and investing are two different things. We cannot risk our money only to take the profit in less than an hour or two days and we call that investing. A young investor should invest in Bitcoin at least 10 to 15 years minimum to achieve great benefit from it. Anything other than that can be seen more like a trading and a get rich quick mindset. Investing in Bitcoin is knowing its true value and keeping it till then.

I have come to understand that great wealth comes only when we store value over a period of time and hold it for decades. And that should be the same for Bitcoin, cos it is such an asset with great value.

The reason why most people sees trading as a waste of resources, is because of how newbies easily rush into it with the aim of trying to get rich quick with any proper skill or knowledge about it , I have met alot of successful well trained traders that have been using trading to earn a living and some are also investing in bitcoin after knowing the potential that lies in bitcoin, but one thing I know for sure is that trading is not for everyone, while investing is something anyone can do with or without any skill. That why I keep saying that anything you are doing in this space always prior your bitcoin investment, so that you won't miss out in what is coming ahead.

Bitcoin is giving me joy each day now it's around the price range of $67k go bitcoin go...

I would suggest that investing still takes some skills, yet the skills of investing are way less than the skills of trading and many times revolve around the basic skills that we already have (or that we should attempt to improve) related to cashflow management and expectations management (such as deferred gratification).  There are some traders who are very smart and able to manage their trades in ways that don't devolve into gambling, and those kinds of folks are really rare in terms of figuring out how to employ their trading with such discipline and ways of calculating upside and downside possibilities in such ways that are more likely to result in profits than not...so the really well-learned traders are more likely employing a game of skill rather than a game of chance... which is not impossible to achieve, but surely most normies are neither wanting to do that or able to put in the time and energies to actually reach those levels of trading skills (and perhaps even having some math skills too. .whether self-taught or taught through schooling).

Anyhow.. investing still takes some skills, but they are no where near the level of complications that come with trading, and to get started investing in something like bitcoin, a person may well ONLY need to start out with figuring out the extent to which s/he has any discretionary income and whether s/he is ready, willing and able to lock up that discretionary income for 4-10 years or longer... and if they do have some discretionary income that they are willing to invest into bitcoin, then they merely need to figure out from where they are going to make their first purchase(s) so that they can get started as soon as reasonable.

I often say this, trading and investing are two different things. We cannot risk our money only to take the profit in less than an hour or two days and we call that investing. A young investor should invest in Bitcoin at least 10 to 15 years minimum to achieve great benefit from it. Anything other than that can be seen more like a trading and a get rich quick mindset. Investing in Bitcoin is knowing its true value and keeping it till then.

I have come to understand that great wealth comes only when we store value over a period of time and hold it for decades. And that should be the same for Bitcoin, cos it is such an asset with great value.

The reason why most people sees trading as a waste of resources, is because of how newbies easily rush into it with the aim of trying to get rich quick with any proper skill or knowledge about it , I have met alot of successful well trained traders that have been using trading to earn a living and some are also investing in bitcoin after knowing the potential that lies in bitcoin, but one thing I know for sure is that trading is not for everyone, while investing is something anyone can do with or without any skill. That why I keep saying that anything you are doing in this space always prior your bitcoin investment, so that you won't miss out in what is coming ahead.

Bitcoin is giving me joy each day now it's around the price range of $67k go bitcoin go...

Perfectly said, I think I have also seen traders who are doing extremely well regardless of the risk involve and sometimes I ask myself if actually is trading they are doing and of course yes, they are actually trading and they even have people they're teaching and it more like a school.

Bullshit.  You are looking at influencers who are trying to take your money and give you an impression that trading is "the way to go."  So, surely you have to take those kinds of folks with a grain of salt in terms of success rate or even being representative of actual traders in the real world.

Trading is very risky yes, we all know that but people are still making money from it not because it was created or built for them but because they settled down to learn it and discipline themselves.

Bullshit.

In bitcoin there are rare traders who are actually going to be able to outperform the long term investor, especially the further that we go out in time.

Sure, they might be showing you dollar profits, but they are not showing you a comparison to a long term BTC investor who likely ended up beating the pants of of an overwhelming majoirty of traders.

Sure it is possible that you could be one of the traders who could have had beat the long term BTC investor, yet I doubt it.

Another thing, past performance is not indicative of future performance, so the odds and the ratios could change in regards to traders being able to outperform investors, yet I would take any expectations of traders outperforming BTC investors with a decently-sized grain of salt.. since there is no real indication that bitcoin's investment thesis is getting weaker, even though steepness of the upside price expectations slope is likely not as steep as it was earlier in bitcoin's history.

The people I'm talking about was ones a newbie, what I'm saying in essence is that anybody can learn trading,

You sound like a sucker.

Hopefully you are not going to get lured into such nonsense, and also here trying to suggest that it is a good idea  to consider going down the trading route because you can relate to the currently successful traders once being "newbies" just like uie pooie.

so saying it's not for everyone is what I don't actually agree, those who are trading doesn't have two head, as a matter of fact most of them who are big now never believed they could do it but curiosity and determination took them to the height they are now.

Don't let the exceptions cause you to believe that you have decently good odds to achieve such successful trading status or that trading ideas are generally replicable, which seems to be what you are suggesting in that anyone can learn trading blah blah blah.

However, I'm not advising anyone to go into trading I just want to make something clear.

Yeah, sure whatever.  According to what you say, you are not necessarily advising trading, but you are also unnecessarily defending the possibility of trading .. as if it were something that anyone has the potential to learn.

[Stablexcoin]

I often say this, trading and investing are two different things. We cannot risk our money only to take the profit in less than an hour or two days and we call that investing. A young investor should invest in Bitcoin at least 10 to 15 years minimum to achieve great benefit from it. Anything other than that can be seen more like a trading and a get rich quick mindset. Investing in Bitcoin is knowing its true value and keeping it till then.

I have come to understand that great wealth comes only when we store value over a period of time and hold it for decades. And that should be the same for Bitcoin, cos it is such an asset with great value.

The reason why most people sees trading as a waste of resources, is because of how newbies easily rush into it with the aim of trying to get rich quick with any proper skill or knowledge about it , I have met alot of successful well trained traders that have been using trading to earn a living and some are also investing in bitcoin after knowing the potential that lies in bitcoin, but one thing I know for sure is that trading is not for everyone, while investing is something anyone can do with or without any skill. That why I keep saying that anything you are doing in this space always prior your bitcoin investment, so that you won't miss out in what is coming ahead.

Bitcoin is giving me joy each day now it's around the price range of $67k go bitcoin go...

I would suggest that investing still takes some skills, yet the skills of investing are way less than the skills of trading and many times revolve around the basic skills that we already have (or that we should attempt to improve) related to cashflow management and expectations management (such as deferred gratification).  There are some traders who are very smart and able to manage their trades in ways that don't devolve into gambling, and those kinds of folks are really rare in terms of figuring out how to employ their trading with such discipline and ways of calculating upside and downside possibilities in such ways that are more likely to result in profits than not...so the really well-learned traders are more likely employing a game of skill rather than a game of chance... which is not impossible to achieve, but surely most normies are neither wanting to do that or able to put in the time and energies to actually reach those levels of trading skills (and perhaps even having some math skills too. .whether self-taught or taught through schooling).

Anyhow.. investing still takes some skills, but they are no where near the level of complications that come with trading, and to get started investing in something like bitcoin, a person may well ONLY need to start out with figuring out the extent to which s/he has any discretionary income and whether s/he is ready, willing and able to lock up that discretionary income for 4-10 years or longer... and if they do have some discretionary income that they are willing to invest into bitcoin, then they merely need to figure out from where they are going to make their first purchase(s) so that they can get started as soon as reasonable.

This is indeed more clear than usual. Thank you for the in-depth explanation. The skills for investing and trading have much differences. Trading requires deep gathering of knowledge before one can be truly successful and still success is not guaranteed when you have that knowledge. On the other hand, investment need basic understand and skills to implement and you will start seeing positive change. Still no level of skill or strategy can guarantee success but the level of commitment and adhering to the rules, patter, steps to whatever approach we choose will help increase the chances of success.

[ultrloa]

I often say this, trading and investing are two different things. We cannot risk our money only to take the profit in less than an hour or two days and we call that investing. A young investor should invest in Bitcoin at least 10 to 15 years minimum to achieve great benefit from it. Anything other than that can be seen more like a trading and a get rich quick mindset. Investing in Bitcoin is knowing its true value and keeping it till then.

I have come to understand that great wealth comes only when we store value over a period of time and hold it for decades. And that should be the same for Bitcoin, cos it is such an asset with great value.

The reason why most people sees trading as a waste of resources, is because of how newbies easily rush into it with the aim of trying to get rich quick with any proper skill or knowledge about it , I have met alot of successful well trained traders that have been using trading to earn a living and some are also investing in bitcoin after knowing the potential that lies in bitcoin, but one thing I know for sure is that trading is not for everyone, while investing is something anyone can do with or without any skill. That why I keep saying that anything you are doing in this space always prior your bitcoin investment, so that you won't miss out in what is coming ahead.

Bitcoin is giving me joy each day now it's around the price range of $67k go bitcoin go...

I would suggest that investing still takes some skills, yet the skills of investing are way less than the skills of trading and many times revolve around the basic skills that we already have (or that we should attempt to improve) related to cashflow management and expectations management (such as deferred gratification).  There are some traders who are very smart and able to manage their trades in ways that don't devolve into gambling, and those kinds of folks are really rare in terms of figuring out how to employ their trading with such discipline and ways of calculating upside and downside possibilities in such ways that are more likely to result in profits than not...so the really well-learned traders are more likely employing a game of skill rather than a game of chance... which is not impossible to achieve, but surely most normies are neither wanting to do that or able to put in the time and energies to actually reach those levels of trading skills (and perhaps even having some math skills too. .whether self-taught or taught through schooling).

Anyhow.. investing still takes some skills, but they are no where near the level of complications that come with trading, and to get started investing in something like bitcoin, a person may well ONLY need to start out with figuring out the extent to which s/he has any discretionary income and whether s/he is ready, willing and able to lock up that discretionary income for 4-10 years or longer... and if they do have some discretionary income that they are willing to invest into bitcoin, then they merely need to figure out from where they are going to make their first purchase(s) so that they can get started as soon as reasonable.

This is indeed more clear than usual. Thank you for the in-depth explanation. The skills for investing and trading have much differences. Trading requires deep gathering of knowledge before one can be truly successful and still success is not guaranteed when you have that knowledge. On the other hand, investment need basic understand and skills to implement and you will start seeing positive change. Still no level of skill or strategy can guarantee success but the level of commitment and adhering to the rules, patter, steps to whatever approach we choose will help increase the chances of success.

Both is really different since in trading you need to be more technical while for investment you need to be situational since events is good to consider towards possible outcome of the price of bitcoin.

We can really see in that matter that learning skills in trading is hard and provably can give as an headache then still chances to lose still there since even if we learn that thing market still unpredictable and those fast changes happened could make the trader lose their trades. While investment you just need to familiarize certain helpful strategies then you are good to go for long term investment. There are lots of learnings to get thru whole process of your investment journey and for sure that this could bring more help to build up your portfolio. Although there's no strategy guarantee you a profit but if this is well executed plus you put discipline on it there great chance for you to earn something in future.

[I_Anime]

Bullshit.  You are looking at influencers who are trying to take your money and give you an impression that trading is "the way to go."  So, surely you have to take those kinds of folks with a grain of salt in terms of success rate or even being representative of actual traders in the real world.

I don't actually vibe most of these influencers, most of them claim they know what they are doing dip down they don't, the reason why they keep motivating folks to go into trading, is because they want to get money from them , so that they can use it to trade . Thats why they always tell folks to a pay certain amount of money for trading classes . And that's what I called waste of resources because at the end, after all those classes most users would still get themselves reckt through trading.

Instead of wasting valuable resources, just focus on Bitcoin investment and build something that would help you in the future. 

[adultcrypto]

I often say this, trading and investing are two different things. We cannot risk our money only to take the profit in less than an hour or two days and we call that investing. A young investor should invest in Bitcoin at least 10 to 15 years minimum to achieve great benefit from it. Anything other than that can be seen more like a trading and a get rich quick mindset. Investing in Bitcoin is knowing its true value and keeping it till then.

I have come to understand that great wealth comes only when we store value over a period of time and hold it for decades. And that should be the same for Bitcoin, cos it is such an asset with great value.

The reason why most people sees trading as a waste of resources, is because of how newbies easily rush into it with the aim of trying to get rich quick with any proper skill or knowledge about it , I have met alot of successful well trained traders that have been using trading to earn a living and some are also investing in bitcoin after knowing the potential that lies in bitcoin, but one thing I know for sure is that trading is not for everyone, while investing is something anyone can do with or without any skill. That why I keep saying that anything you are doing in this space always prior your bitcoin investment, so that you won't miss out in what is coming ahead.

Bitcoin is giving me joy each day now it's around the price range of $67k go bitcoin go...

Perfectly said, I think I have also seen traders who are doing extremely well regardless of the risk involve and sometimes I ask myself if actually is trading they are doing and of course yes, they are actually trading and they even have people they're teaching and it more like a school. Trading is very risky yes, we all know that but people are still making money from it not because it was created or built for them but because they settled down to learn it and discipline themselves. The people I'm talking about was ones a newbie, what I'm saying in essence is that anybody can learn trading, so saying it's not for everyone is what I don't actually agree, those who are trading doesn't have two head, as a matter of fact most of them who are big now never believed they could do it but curiosity and determination took them to the height they are now. However, I'm not advising anyone to go into trading I just want to make something clear.

Even though I understand and appreciate the opportunity in trading, it is not something I would recommend for newbies who just go started in bitcoin. Trading is a highly complicated craft that requires a lot of studies, practice and discipline to perfect and any mistake in trading is usually disastrous as well as heartbreaking because it sends the trader backward so much more that he will wish he never tried it. A lot of the contributors in this thread might not have tried trading before that is why they sound so positive about how great it is to trade but if they actually tried trading, they will realize is always something different from reality. Instead of trading bitcoin, it is better to invest and hold and ot be moved by the quest for fast wealth that always come at a very great price.

[dunfida]

I often say this, trading and investing are two different things. We cannot risk our money only to take the profit in less than an hour or two days and we call that investing. A young investor should invest in Bitcoin at least 10 to 15 years minimum to achieve great benefit from it. Anything other than that can be seen more like a trading and a get rich quick mindset. Investing in Bitcoin is knowing its true value and keeping it till then.

I have come to understand that great wealth comes only when we store value over a period of time and hold it for decades. And that should be the same for Bitcoin, cos it is such an asset with great value.

The reason why most people sees trading as a waste of resources, is because of how newbies easily rush into it with the aim of trying to get rich quick with any proper skill or knowledge about it , I have met alot of successful well trained traders that have been using trading to earn a living and some are also investing in bitcoin after knowing the potential that lies in bitcoin, but one thing I know for sure is that trading is not for everyone, while investing is something anyone can do with or without any skill. That why I keep saying that anything you are doing in this space always prior your bitcoin investment, so that you won't miss out in what is coming ahead.

Bitcoin is giving me joy each day now it's around the price range of $67k go bitcoin go...

Hypothetical speaking, trading tends to attract more persons because of obvious reasons, it's appears to make you recover your money quicker, that quick recovery it's the lightning spark most young persons are jungling for, but there is a Vail that is beneath that quick success story they want to return with, it's called the trading technique and mastering which a lot of them don't pay attention to. Investing on one hand appears to be sluggish in growth, however this is the master stroke that most bitcoin investors have been able to unravel, they understand that time is money and investment grows with time and in value.

Actually we are all guilty of this when we are still a newbie on which the primary thing that comes up into our mind is on how to make quick bucks specially on the moment or time that you've seen those people who do make or flexing their trading profits neither on social media or any other platforms on which you would really be molding up that kind of thought that it might really just that easy and you could actually do it on few tries.
Until on the moment that reality would slap into your face then this is where you would be making out realizations that its never been simple or easy and this is the time that you would adjust naturally.

Experience would really be the best teacher and on the moment that you've been dealing up with this market for a while and wary on how the market moves or behaves then you can say that $100k
might really that still take time or something that wont really be a smooth sail ride for it to be reached upon. Somehow we are already going for that bull run event that all have been waiting for
but there's no assurance that we would be able to break out on 100% sure manner. So its always recommended that you should expect the unexpected as always.

[AirtelBuzz]

Imagine if an average earner wants to get involved in Bitcoin and prefers to trade instead of purchasing and holding through his DCA plans, what will be your advise? clearly he has more vulnerability of losing than earning. Anyone starting his Bitcoin journey should consider every possible options of investing and holding instead of trading, aside new investors, it is more profitable holding due to certain scenario's that can lead to loses if trading is prefered.

If an investor wants to get involved in bitcoin investing and trading instead of buying bitcoin continuously through DCA then my advice is to invest instead of trading. Had the person understood the difference between trading and investing, he might have opted for investing. Trading involves high risk, moreover you must acquire a lot of skills and have a lot of market analysis ability to get success from trading. On the other hand if you start investing with DCA strategy then you can start with little knowledge which will increase with time. This method is also applicable for inexperienced investors.

Most people get success from investing because investing is long-term. So I think being an investor is better than being a trader. The few big bitcoin holders in the world so far are investors, not traders. They have been able to achieve such success by investing in Bitcoin regularly.

[Hewlet]

Imagine if an average earner wants to get involved in Bitcoin and prefers to trade instead of purchasing and holding through his DCA plans, what will be your advise? clearly he has more vulnerability of losing than earning. Anyone starting his Bitcoin journey should consider every possible options of investing and holding instead of trading, aside new investors, it is more profitable holding due to certain scenario's that can lead to loses if trading is prefered.

If an investor wants to get involved in bitcoin investing and trading instead of buying bitcoin continuously through DCA then my advice is to invest instead of trading. Had the person understood the difference between trading and investing, he might have opted for investing. Trading involves high risk, moreover you must acquire a lot of skills and have a lot of market analysis ability to get success from trading. On the other hand if you start investing with DCA strategy then you can start with little knowledge which will increase with time. This method is also applicable for inexperienced investors.

the reason why a lot of people most expecially the new ones starts off thier Bitcoin journey as traders is because that's what most of them are exposed to and a lot of them don't know that they don't have to buy a chunk of Bitcoin at a time. Some feel Bitcoin investment is not for the new cormers or the supposedly poor person and that's why they just prefer to trade with the little dollar they have hoping to double it and use it to solve most of thier immediate needs. It's an understandable situation but with the right knowledge, it's easy to go past that level and go on to investing using the right approach.

For some of us, it is because we came to know about the DCA methord that it became easy for us to start small even though our finacial capacity isn't strong yet and I think if some of these traders gets to know the advantage of not selling their Bitcoin too soon just because they are in slight profit, they will come to fall in love with accumilating Bitcoin and Doing so for the long term