Road to 100k?

[Sexylizzy2813]

For anybody that will fathom the idea of going into trading, the person must have already known the implications involved, as the risk factors are the primary projections you will be taught at the beginning stage, however this does not mean that experts too don't make losses, because losses are part of the knowledge required for you to know how to be strategic in your trading journey. So is all depends on the individual  to know how to manage the risk factors in your trading. but however this is a pointer to the fact that trading has its own success story and volatility, just the way bitcoin holding has its own success story and volatility.

Many never have it in mind that when starting or going into trading that there must be losses, they only see themselves as those who gain more than they can lose whenever they start, that mindset is good and it makes some to be mindful of how they make their trading not by thinking that they know it all, that's where the down fall of many traders beginning.
The way you plan yourself and using other people's mistakes to learn can improve the way you go about business in the crypto world, sometimes taking that risk do pay more than being too careful but the question is "who doesn't want to make profit and who wants to stay losing"? Is an individual choice to make and learning from others is one of the key factors to survive as a trader and we shouldn't see those we seek for assistance as the best, is their experience they're giving to us not that they are 100% perfect.

Ordinary nobody goes into a business or investment with the mindset of losing, but however for the business of trading it is inherently required that as a beginner you must get a mentor or somebody who teaches you ways and means on how to go about trading, so in teaching you, he will tell you about the fact that you will get losses along the line, because the market variance and force's can work against your predictions anytime.
So for me your mentor should be your guide so as to reduce those risk, so you don't just walk into trading without caution inside you.

At the same time some of these mentors especially those one on YouTube that only want their videos to be the best, they don't speak much about losses only how to make profit and you'd agree with me that many who only think of getting more profit are those who uses their imagination to start up trading, they just picture themselves to be at the top above every other starter.
I think getting someone like a mentor shouldn't be a problem but the issue is how good is the mentor because everyone needs to be careful not to be in the losing side of trading, not everyone we call mentor has what it takes to guide someone to the right direction.

[bitterguy28]

For anybody that will fathom the idea of going into trading, the person must have already known the implications involved, as the risk factors are the primary projections you will be taught at the beginning stage, however this does not mean that experts too don't make losses, because losses are part of the knowledge required for you to know how to be strategic in your trading journey. So is all depends on the individual  to know how to manage the risk factors in your trading. but however this is a pointer to the fact that trading has its own success story and volatility, just the way bitcoin holding has its own success story and volatility.

Many never have it in mind that when starting or going into trading that there must be losses, they only see themselves as those who gain more than they can lose whenever they start, that mindset is good and it makes some to be mindful of how they make their trading not by thinking that they know it all, that's where the down fall of many traders beginning.
The way you plan yourself and using other people's mistakes to learn can improve the way you go about business in the crypto world, sometimes taking that risk do pay more than being too careful but the question is "who doesn't want to make profit and who wants to stay losing"? Is an individual choice to make and learning from others is one of the key factors to survive as a trader and we shouldn't see those we seek for assistance as the best, is their experience they're giving to us not that they are 100% perfect.

Ordinary nobody goes into a business or investment with the mindset of losing, but however for the business of trading it is inherently required that as a beginner you must get a mentor or somebody who teaches you ways and means on how to go about trading, so in teaching you, he will tell you about the fact that you will get losses along the line, because the market variance and force's can work against your predictions anytime.
So for me your mentor should be your guide so as to reduce those risk, so you don't just walk into trading without caution inside you.

At the same time some of these mentors especially those one on YouTube that only want their videos to be the best, they don't speak much about losses only how to make profit and you'd agree with me that many who only think of getting more profit are those who uses their imagination to start up trading, they just picture themselves to be at the top above every other starter.
I think getting someone like a mentor shouldn't be a problem but the issue is how good is the mentor because everyone needs to be careful not to be in the losing side of trading, not everyone we call mentor has what it takes to guide someone to the right direction.

Ang that is why we must strained all videos available in YouTube before trusting .

we must admit that this area is full of ways to fool people and make them believe even in wrong ways .

[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 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.

Your epistle is needless as you are complaining about what never existed, and perhaps you might want to read what @Dailyscript who actually read the post says here: https://bitcointalk.org/index.php?topic=5488435.msg64357051#msg6435705

I wonder if many of you read what you replied to and most importantly the respected @JayJuanGee who just delivers merits anyhow to people like you who are even clueless about what you replied to. He can do better.

-snip-

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.

Finally, I see a sane person here who can read and understand before posting. Many people here are just unspeakable.

[Odohu]

Ordinary nobody goes into a business or investment with the mindset of losing, but however for the business of trading it is inherently required that as a beginner you must get a mentor or somebody who teaches you ways and means on how to go about trading, so in teaching you, he will tell you about the fact that you will get losses along the line, because the market variance and force's can work against your predictions anytime.
So for me your mentor should be your guide so as to reduce those risk, so you don't just walk into trading without caution inside you.

At the same time some of these mentors especially those one on YouTube that only want their videos to be the best, they don't speak much about losses only how to make profit and you'd agree with me that many who only think of getting more profit are those who uses their imagination to start up trading, they just picture themselves to be at the top above every other starter.
I think getting someone like a mentor shouldn't be a problem but the issue is how good is the mentor because everyone needs to be careful not to be in the losing side of trading, not everyone we call mentor has what it takes to guide someone to the right direction.

My decision to pause my Bitcoin trading at least for now and concentrate more on building a Bitcoin portfolio through long term HODL was not a hasty one. I have thought about it properly, following my experience in trading. I have tried a lot of things including paying for several mentorships, using Youtube and many other resources and practicing on demo which usually yield good results but when real money is involved, it is a different ball game. I'm not saying that it is impossible to succeed as a trader but the process is not just a straight forward one like most mentors and Youtubers will make you to believe. Of course the risk is also in another level that should be a huge source of concern for anyone aspiring to take that route.

Another thing I also noticed while trading is that you can make profits for one month of trading and lose all in few bad trading days which means work done becomes zero... no progress, all wasted efforts. This was what made me to sit down and analyze the process again and then decided that instead of this back and forth, let me change strategy that will give me better results. So, for me, trading is not bad but for now, I will have to focus on what is working fine and giving me peace of mind.

[wxa7115]

It is only newbies that always have such mind set, because they feel that they will not going to experience losses with the plenty money they are using to trading, which is not true because if you lack the knowledge of digital currency trading, you will surely going to experience some challenges in your trading.

edited

Not entirely accurate if you ask me, in my experience, people in general and not only newbies often assume that events will go according to their plans and do not think about the possibility of this not being the case, since they are unable or unwilling to think ahead.

This being one of the biggest reasons why investors and traders alike get in trouble, since they blindly believe the market will move according to their predictions, and when this does not happen they do not know how to deal with it, putting them into a vulnerable position as it is unlikely they took basic precautions, like having an emergency fund, which could force them to sell for a loss.

[sotelorene]

For anybody that will fathom the idea of going into trading, the person must have already known the implications involved, as the risk factors are the primary projections you will be taught at the beginning stage, however this does not mean that experts too don't make losses, because losses are part of the knowledge required for you to know how to be strategic in your trading journey. So is all depends on the individual  to know how to manage the risk factors in your trading. but however this is a pointer to the fact that trading has its own success story and volatility, just the way bitcoin holding has its own success story and volatility.

Many never have it in mind that when starting or going into trading that there must be losses, they only see themselves as those who gain more than they can lose whenever they start, that mindset is good and it makes some to be mindful of how they make their trading not by thinking that they know it all, that's where the down fall of many traders beginning.
The way you plan yourself and using other people's mistakes to learn can improve the way you go about business in the crypto world, sometimes taking that risk do pay more than being too careful but the question is "who doesn't want to make profit and who wants to stay losing"? Is an individual choice to make and learning from others is one of the key factors to survive as a trader and we shouldn't see those we seek for assistance as the best, is their experience they're giving to us not that they are 100% perfect.

Ordinary nobody goes into a business or investment with the mindset of losing, but however for the business of trading it is inherently required that as a beginner you must get a mentor or somebody who teaches you ways and means on how to go about trading, so in teaching you, he will tell you about the fact that you will get losses along the line, because the market variance and force's can work against your predictions anytime.
So for me your mentor should be your guide so as to reduce those risk, so you don't just walk into trading without caution inside you.

At the same time some of these mentors especially those one on YouTube that only want their videos to be the best, they don't speak much about losses only how to make profit and you'd agree with me that many who only think of getting more profit are those who uses their imagination to start up trading, they just picture themselves to be at the top above every other starter.
I think getting someone like a mentor shouldn't be a problem but the issue is how good is the mentor because everyone needs to be careful not to be in the losing side of trading, not everyone we call mentor has what it takes to guide someone to the right direction.

Those who teach people how to trade in YouTube  and always emphasis on profit making alone, I will say it's there strategy to make people watch their video and subscribe to their channel because if they should start explaining or talking about the risk involve someone who's watching the video may find it discouraging newbie to be precise. You make the whole thing sound so easy when
you say getting a good mentor, I mean is there anyone that is good in trading?  If the person is that good what does the person have to show forth?.

Remember trading is more like a prediction, people aren't sure of the analysis they are carrying out but they hope it favors them so I keep wondering why someone will involve himself in something which chance of making profit is 50/50 however, trading is  not that bad I mean people still make money from it but whoever that wants to trade should remember to use what they can afford to lose.

[JayJuanGee]

[edited out]

I wonder if many of you read what you replied to and most importantly the respected @JayJuanGee who just delivers merits anyhow to people like you who are even clueless about what you replied to. He can do better.

I am not sure whether I read or did not read whatever I might have had merited.

To the extent that you may or may not be satisfiable, I did just respond to some of your concerns in another thread about merits and even about your concerns that some members might be posting ONLY to receive merits and then also a bit about my own ideas about sending merits, even though there is no real need for me to explain myself in that direction, even though from time to time I have described some of my own practices and ideas about merit sending. 

Ordinary nobody goes into a business or investment with the mindset of losing, but however for the business of trading it is inherently required that as a beginner you must get a mentor or somebody who teaches you ways and means on how to go about trading, so in teaching you, he will tell you about the fact that you will get losses along the line, because the market variance and force's can work against your predictions anytime.
So for me your mentor should be your guide so as to reduce those risk, so you don't just walk into trading without caution inside you.

At the same time some of these mentors especially those one on YouTube that only want their videos to be the best, they don't speak much about losses only how to make profit and you'd agree with me that many who only think of getting more profit are those who uses their imagination to start up trading, they just picture themselves to be at the top above every other starter.
I think getting someone like a mentor shouldn't be a problem but the issue is how good is the mentor because everyone needs to be careful not to be in the losing side of trading, not everyone we call mentor has what it takes to guide someone to the right direction.

My decision to pause my Bitcoin trading at least for now and concentrate more on building a Bitcoin portfolio through long term HODL was not a hasty one. I have thought about it properly, following my experience in trading. I have tried a lot of things including paying for several mentorships, using Youtube and many other resources and practicing on demo which usually yield good results but when real money is involved, it is a different ball game. I'm not saying that it is impossible to succeed as a trader but the process is not just a straight forward one like most mentors and Youtubers will make you to believe. Of course the risk is also in another level that should be a huge source of concern for anyone aspiring to take that route.

Another thing I also noticed while trading is that you can make profits for one month of trading and lose all in few bad trading days which means work done becomes zero... no progress, all wasted efforts. This was what made me to sit down and analyze the process again and then decided that instead of this back and forth, let me change strategy that will give me better results. So, for me, trading is not bad but for now, I will have to focus on what is working fine and giving me peace of mind.

If you can figure out ways to earn money from other sources, and then use your disposable income to invest in bitcoin, including managing your cashflows well, you are much more likely to make lasting and sustainable progress... but yeah, people can make their own choices, including choices to trade even if many of us realize that there are few traders who are able to beat a straight-forward investment strategy into bitcoin - especially if we might look to compare such strategies in longer timelines of maybe 6-10 years or longer, and such investment strategy into bitcoin would likely start out by accumulating bitcoin through buying with DCA, lump sum and buying the dip... and refrain from selling until you are able to reach a large enough investment portfolio, and how long you might need to build such investment portfolio is discretionary, but could well take over 10 years for brand new investors, and of course, new investors who are able to front load their investment into bitcoin might have options to start to consider selling techniques at earlier times that those investors who are not able to front load their investment.

[GigaBit]

For anybody that will fathom the idea of going into trading, the person must have already known the implications involved, as the risk factors are the primary projections you will be taught at the beginning stage, however this does not mean that experts too don't make losses, because losses are part of the knowledge required for you to know how to be strategic in your trading journey. So is all depends on the individual  to know how to manage the risk factors in your trading. but however this is a pointer to the fact that trading has its own success story and volatility, just the way bitcoin holding has its own success story and volatility.

Many never have it in mind that when starting or going into trading that there must be losses, they only see themselves as those who gain more than they can lose whenever they start, that mindset is good and it makes some to be mindful of how they make their trading not by thinking that they know it all, that's where the down fall of many traders beginning.
The way you plan yourself and using other people's mistakes to learn can improve the way you go about business in the crypto world, sometimes taking that risk do pay more than being too careful but the question is "who doesn't want to make profit and who wants to stay losing"? Is an individual choice to make and learning from others is one of the key factors to survive as a trader and we shouldn't see those we seek for assistance as the best, is their experience they're giving to us not that they are 100% perfect.

Ordinary nobody goes into a business or investment with the mindset of losing, but however for the business of trading it is inherently required that as a beginner you must get a mentor or somebody who teaches you ways and means on how to go about trading, so in teaching you, he will tell you about the fact that you will get losses along the line, because the market variance and force's can work against your predictions anytime.
So for me your mentor should be your guide so as to reduce those risk, so you don't just walk into trading without caution inside you.

At the same time some of these mentors especially those one on YouTube that only want their videos to be the best, they don't speak much about losses only how to make profit and you'd agree with me that many who only think of getting more profit are those who uses their imagination to start up trading, they just picture themselves to be at the top above every other starter.
I think getting someone like a mentor shouldn't be a problem but the issue is how good is the mentor because everyone needs to be careful not to be in the losing side of trading, not everyone we call mentor has what it takes to guide someone to the right direction.

I must agree with you because I have seen many YouTubers who only try to get views of their videos. They only present the gain but I hear very little from them about the loss. I'm sure those who follow those influencers and conduct trading will increase their because they just show you about the profit. Trading does not go through any specific formula. Here you have to change the strategy regularly. But I wouldn't say that there is nothing to learn from it either. There are many people who highlight various issues related to trading. A new trader must have knowledge of many things to learn. It is good for those who are new to have a mentor in the first stage, but you must also understand that in trading, it is appropriate to consider that there will be not only profit but also loss.

[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.

Your epistle is needless as you are complaining about what never existed, and perhaps you might want to read what @Dailyscript who actually read the post says here: https://bitcointalk.org/index.php?topic=5488435.msg64357051#msg6435705

I wonder if many of you read what you replied to and most importantly the respected @JayJuanGee who just delivers merits anyhow to people like you who are even clueless about what you replied to. He can do better.

-snip-

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.

Finally, I see a sane person here who can read and understand before posting. Many people here are just unspeakable.

EarnOnVictor your problem is that you want everyone to accept what your are saying when you know that it is hard for people who are new to the crypto space to have all these knowledge that you have once. I started my bitcoin investment journey here as a newbie with the help of JJG advice on how to build and hodli your bitcoin which I am not regretting it because I was able to understand how to invest in bitcoin using DCA which is still ongoing and I can tell that from the size of my current portfolio.

This thread made me hate shitcoin/trading and I am working very hard to get my money which will make me not to go into any action that is more of gambling or that will reduce me from getting high profit from accumulating bitcoin in long-term. I am more focused on bitcoin regular and steady buying without selling because I don't need the money currently for anything but I see it as my savings for my old age maybe as pension and I don't think that is a bad idea.

I read all your posts and if you observe, whenever you mention shitcoin/trading is where I always correct you so that other people reading it should know the risk involved in shitcoin/trading. When advising someone on the right step to follow in cryptocurrency, it is good you tell them the right way should they can be progressive in their investment which is buying bitcoin and hodli for a long term than telling them other options which you know will not be easy for them with high risk of losing their funds.

We are only discussing and should not be taken personal because this is a public forum and we are free to give our own different opinions based on experience. I stand only for bitcoin long-term investment and not the other way.

@Dailyscript is the one who does not understand my points and I am not surprised because he sound more like a trader just like you.

[Ricardo11]

For anybody that will fathom the idea of going into trading, the person must have already known the implications involved, as the risk factors are the primary projections you will be taught at the beginning stage, however this does not mean that experts too don't make losses, because losses are part of the knowledge required for you to know how to be strategic in your trading journey. So is all depends on the individual  to know how to manage the risk factors in your trading. but however this is a pointer to the fact that trading has its own success story and volatility, just the way bitcoin holding has its own success story and volatility.

Many never have it in mind that when starting or going into trading that there must be losses, they only see themselves as those who gain more than they can lose whenever they start, that mindset is good and it makes some to be mindful of how they make their trading not by thinking that they know it all, that's where the down fall of many traders beginning.
The way you plan yourself and using other people's mistakes to learn can improve the way you go about business in the crypto world, sometimes taking that risk do pay more than being too careful but the question is "who doesn't want to make profit and who wants to stay losing"? Is an individual choice to make and learning from others is one of the key factors to survive as a trader and we shouldn't see those we seek for assistance as the best, is their experience they're giving to us not that they are 100% perfect.

Ordinary nobody goes into a business or investment with the mindset of losing, but however for the business of trading it is inherently required that as a beginner you must get a mentor or somebody who teaches you ways and means on how to go about trading, so in teaching you, he will tell you about the fact that you will get losses along the line, because the market variance and force's can work against your predictions anytime.
So for me your mentor should be your guide so as to reduce those risk, so you don't just walk into trading without caution inside you.

At the same time some of these mentors especially those one on YouTube that only want their videos to be the best, they don't speak much about losses only how to make profit and you'd agree with me that many who only think of getting more profit are those who uses their imagination to start up trading, they just picture themselves to be at the top above every other starter.
I think getting someone like a mentor shouldn't be a problem but the issue is how good is the mentor because everyone needs to be careful not to be in the losing side of trading, not everyone we call mentor has what it takes to guide someone to the right direction.

Of course, I totally agree with you, in any YouTube or social media trading video, everyone only talks about the profit side, nothing about the loss. And those who are new to trading, they see all those videos and think that from now on they will profit, there is no possibility of loss here. And later they lose their money by trading without knowing much. You must understand that trading takes new forms every day, you will not always get profit by adopting the same strategy. You should always change strategies, use new strategies to trade. And you should go to a trading expert who will give you a good idea about both the profit and loss of trading. And always do your own research to gain all the knowledge related to trading.

[Barikui1]

For anybody that will fathom the idea of going into trading, the person must have already known the implications involved, as the risk factors are the primary projections you will be taught at the beginning stage, however this does not mean that experts too don't make losses, because losses are part of the knowledge required for you to know how to be strategic in your trading journey. So is all depends on the individual  to know how to manage the risk factors in your trading. but however this is a pointer to the fact that trading has its own success story and volatility, just the way bitcoin holding has its own success story and volatility.

Many never have it in mind that when starting or going into trading that there must be losses, they only see themselves as those who gain more than they can lose whenever they start, that mindset is good and it makes some to be mindful of how they make their trading not by thinking that they know it all, that's where the down fall of many traders beginning.
The way you plan yourself and using other people's mistakes to learn can improve the way you go about business in the crypto world, sometimes taking that risk do pay more than being too careful but the question is "who doesn't want to make profit and who wants to stay losing"? Is an individual choice to make and learning from others is one of the key factors to survive as a trader and we shouldn't see those we seek for assistance as the best, is their experience they're giving to us not that they are 100% perfect.

Ordinary nobody goes into a business or investment with the mindset of losing, but however for the business of trading it is inherently required that as a beginner you must get a mentor or somebody who teaches you ways and means on how to go about trading, so in teaching you, he will tell you about the fact that you will get losses along the line, because the market variance and force's can work against your predictions anytime.
So for me your mentor should be your guide so as to reduce those risk, so you don't just walk into trading without caution inside you.

At the same time some of these mentors especially those one on YouTube that only want their videos to be the best, they don't speak much about losses only how to make profit and you'd agree with me that many who only think of getting more profit are those who uses their imagination to start up trading, they just picture themselves to be at the top above every other starter.
I think getting someone like a mentor shouldn't be a problem but the issue is how good is the mentor because everyone needs to be careful not to be in the losing side of trading, not everyone we call mentor has what it takes to guide someone to the right direction.

Of course, I totally agree with you, in any YouTube or social media trading video, everyone only talks about the profit side, nothing about the loss. And those who are new to trading, they see all those videos and think that from now on they will profit, there is no possibility of loss here. And later they lose their money by trading without knowing much. You must understand that trading takes new forms every day, you will not always get profit by adopting the same strategy. You should always change strategies, use new strategies to trade. And you should go to a trading expert who will give you a good idea about both the profit and loss of trading. And always do your own research to gain all the knowledge related to trading.

Bro, wether doing research or not, I wouldn't advice anyone to consider trading when Bitcoin investment is still in the picture, am saying so because I have been their before, I know how complicated trading is, most times you may have all the required skills like knowledge on technical and fundamental analysis and still be losing money, you might have the right patience to wait for the right set-up, but still lose due to poor risk management, so brother, so due to how complicated it is, I would never tell anyone to go into trading, and one thing that makes it unreliable is that, you can make 10k dollar in a week, and use just a day to lose it all, plus your initial capital, so you see how unreliable it is?

While on the other hand buying Bitcoin and holding is very much easier and more profitable on the longer run, as long as you know what it entails to hold, like having a source of income, and having an emergency fund, so as to fund your day to day activities without tempering with your Bitcoin holdings, so I will always choose and recommend Bitcoin investment over trading every now and then.

[Taskford]

Ordinary nobody goes into a business or investment with the mindset of losing, but however for the business of trading it is inherently required that as a beginner you must get a mentor or somebody who teaches you ways and means on how to go about trading, so in teaching you, he will tell you about the fact that you will get losses along the line, because the market variance and force's can work against your predictions anytime.
So for me your mentor should be your guide so as to reduce those risk, so you don't just walk into trading without caution inside you.

At the same time some of these mentors especially those one on YouTube that only want their videos to be the best, they don't speak much about losses only how to make profit and you'd agree with me that many who only think of getting more profit are those who uses their imagination to start up trading, they just picture themselves to be at the top above every other starter.
I think getting someone like a mentor shouldn't be a problem but the issue is how good is the mentor because everyone needs to be careful not to be in the losing side of trading, not everyone we call mentor has what it takes to guide someone to the right direction.

I must agree with you because I have seen many YouTubers who only try to get views of their videos. They only present the gain but I hear very little from them about the loss. I'm sure those who follow those influencers and conduct trading will increase their because they just show you about the profit. Trading does not go through any specific formula. Here you have to change the strategy regularly. But I wouldn't say that there is nothing to learn from it either. There are many people who highlight various issues related to trading. A new trader must have knowledge of many things to learn. It is good for those who are new to have a mentor in the first stage, but you must also understand that in trading, it is appropriate to consider that there will be not only profit but also loss.

What can you expect? Those losses could ruin their career since no one believes on a mentor which showing a lot of losses. That's why they always present all positive to attract people to watch their videos. Also that's a red flag since there's no people earn consistent positive on trading and if they say that for sure they mislead their viewers since they have other intentions for doing that.

One perfect example on how risky the trading activities trying to learned by newbies since they might encounter a lot of them and instead they gain this people would encounter such frustrating losses if the method they do is not working for them or the people they follow is just a pure scammer.

So instead of doing those activities maybe they better engage on getting knowledge about how to hodl since they only need basic knowledge to start and its up for those people to increase their knowledge to add up more better accumulation strategy that can help them succeed on their long term hodl plan with bitcoin.

[rachael9385]

For anybody that will fathom the idea of going into trading, the person must have already known the implications involved, as the risk factors are the primary projections you will be taught at the beginning stage, however this does not mean that experts too don't make losses, because losses are part of the knowledge required for you to know how to be strategic in your trading journey. So is all depends on the individual  to know how to manage the risk factors in your trading. but however this is a pointer to the fact that trading has its own success story and volatility, just the way bitcoin holding has its own success story and volatility.

Many never have it in mind that when starting or going into trading that there must be losses, they only see themselves as those who gain more than they can lose whenever they start, that mindset is good and it makes some to be mindful of how they make their trading not by thinking that they know it all, that's where the down fall of many traders beginning.
The way you plan yourself and using other people's mistakes to learn can improve the way you go about business in the crypto world, sometimes taking that risk do pay more than being too careful but the question is "who doesn't want to make profit and who wants to stay losing"? Is an individual choice to make and learning from others is one of the key factors to survive as a trader and we shouldn't see those we seek for assistance as the best, is their experience they're giving to us not that they are 100% perfect.

The approach people take by choosing trading as an option in Bitcoin is wrong. There is no right path to success in trading it is a learning process and every day they get to learn and time the market. Most of them are optimistic and are overreacting to immediate profits without considering what they are doing to be far riskier if they had just bought and hodl. A more realistic and sustainable approach to Bitcoin is to buy and keep holding for a long-term benefit. There will be setbacks, day to day-to-day losses if traders do not see the long term as an essential opportunity to grow and improve their portfolio.

Trading is not an option that a Bitcoin beginner should get involved with, because that little money he's supposed to DCA with will be lost if he eventually gets involved in trading. However those who choose trade over Bitcoin investment don't have patience to hold for long term. Even if they try to buy bitcoin during the dip, truth be told that they will sell off if Bitcoin increases/decreases upto two percent plus, because they don't have the mind to hold for long. However DCA method is a good strategy a beginner should use and invest on Bitcoin, especially now that BTC is not up to $100k, it means now is the time to accumulate Bitcoin with DCA method. However the year has been divided in 2 and BTC price is at the range of $65k plus which means Bitcoin is already heading to $100k.

[dansus021]

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.

Damnnnnnn I don't believe that my post attracted a lot of people here but here is the thing 
@Yucky if you bought bitcoin below 50K most the people might gonna take profit a little bit when hit 75K because its already reach All Time High

and I pretty much agree with all above me if bitcoin reach new ATH a lot of people gonna take profit there is some people that bought bitcoin at 69K back 3 Years ago it is time to take profit. But when you already enough with taking profit there is possibility that that people are gonna start do DCA again in future when there is a correction in price

[Sexylizzy2813]

For anybody that will fathom the idea of going into trading, the person must have already known the implications involved, as the risk factors are the primary projections you will be taught at the beginning stage, however this does not mean that experts too don't make losses, because losses are part of the knowledge required for you to know how to be strategic in your trading journey. So is all depends on the individual  to know how to manage the risk factors in your trading. but however this is a pointer to the fact that trading has its own success story and volatility, just the way bitcoin holding has its own success story and volatility.

Many never have it in mind that when starting or going into trading that there must be losses, they only see themselves as those who gain more than they can lose whenever they start, that mindset is good and it makes some to be mindful of how they make their trading not by thinking that they know it all, that's where the down fall of many traders beginning.
The way you plan yourself and using other people's mistakes to learn can improve the way you go about business in the crypto world, sometimes taking that risk do pay more than being too careful but the question is "who doesn't want to make profit and who wants to stay losing"? Is an individual choice to make and learning from others is one of the key factors to survive as a trader and we shouldn't see those we seek for assistance as the best, is their experience they're giving to us not that they are 100% perfect.

Ordinary nobody goes into a business or investment with the mindset of losing, but however for the business of trading it is inherently required that as a beginner you must get a mentor or somebody who teaches you ways and means on how to go about trading, so in teaching you, he will tell you about the fact that you will get losses along the line, because the market variance and force's can work against your predictions anytime.
So for me your mentor should be your guide so as to reduce those risk, so you don't just walk into trading without caution inside you.

At the same time some of these mentors especially those one on YouTube that only want their videos to be the best, they don't speak much about losses only how to make profit and you'd agree with me that many who only think of getting more profit are those who uses their imagination to start up trading, they just picture themselves to be at the top above every other starter.
I think getting someone like a mentor shouldn't be a problem but the issue is how good is the mentor because everyone needs to be careful not to be in the losing side of trading, not everyone we call mentor has what it takes to guide someone to the right direction.

I must agree with you because I have seen many YouTubers who only try to get views of their videos. They only present the gain but I hear very little from them about the loss. I'm sure those who follow those influencers and conduct trading will increase their because they just show you about the profit. Trading does not go through any specific formula. Here you have to change the strategy regularly. But I wouldn't say that there is nothing to learn from it either. There are many people who highlight various issues related to trading. A new trader must have knowledge of many things to learn. It is good for those who are new to have a mentor in the first stage, but you must also understand that in trading, it is appropriate to consider that there will be not only profit but also loss.

I can't seem to find the main reason for the YouTubers only base on getting views, likes just to promote their channel and forget the main reason why they opened the channel in the first place. I believe doing things randomly is the best, using the YouTube videos seeking for knowledge from experienced traders (like 1or 2) will help more than using only those videos. Changing of strategies is also something new traders should always have in mind and trading is like gambling, you win today and lose the next day depending on how you plan out things.

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Of course, I totally agree with you, in any YouTube or social media trading video, everyone only talks about the profit side, nothing about the loss. And those who are new to trading, they see all those videos and think that from now on they will profit, there is no possibility of loss here. And later they lose their money by trading without knowing much. You must understand that trading takes new forms every day, you will not always get profit by adopting the same strategy. You should always change strategies, use new strategies to trade. And you should go to a trading expert who will give you a good idea about both the profit and loss of trading. And always do your own research to gain all the knowledge related to trading.

That's another thing that makes newbies to always think they have gotten the best channel that would always produce profit and they can't lose funds and it also make them feel proud like they know it all and in some cases it also lead to scamming them because they easily trust without thinking if they (the YouTubers) are real or not.
Some of the YouTubers can have friends who will say positive things about the channel just to get their victims fall too easy. What we should always consider is that to be successful we don't need to take one path, it can come from where we least expected so trying from anywhere would help but we should also apply some sense to not fall in the wrong hands.

[GeorgeJohn]

At the same time some of these mentors especially those one on YouTube that only want their videos to be the best, they don't speak much about losses only how to make profit and you'd agree with me that many who only think of getting more profit are those who uses their imagination to start up trading, they just picture themselves to be at the top above every other starter.
I think getting someone like a mentor shouldn't be a problem but the issue is how good is the mentor because everyone needs to be careful not to be in the losing side of trading, not everyone we call mentor has what it takes to guide someone to the right direction.

the is that is good to have a mentor in anything that has to cryptocurrency both trading and investment, and that mentor should be someone you know and can access at any point in time, so I believe that we have to understand that investment is quite different from trading because you may not bother to learn and master ways of buying and selling of cryptocurrency kind of investment and you may have or experience a profit, but in trading you have to acquire the knowledge before you can excel in trading, and trading need for you to have a mentor that's well known.

[rachael9385]

At the same time some of these mentors especially those one on YouTube that only want their videos to be the best, they don't speak much about losses only how to make profit and you'd agree with me that many who only think of getting more profit are those who uses their imagination to start up trading, they just picture themselves to be at the top above every other starter.
I think getting someone like a mentor shouldn't be a problem but the issue is how good is the mentor because everyone needs to be careful not to be in the losing side of trading, not everyone we call mentor has what it takes to guide someone to the right direction.

the is that is good to have a mentor in anything that has to cryptocurrency both trading and investment, and that mentor should be someone you know and can access at any point in time, so I believe that we have to understand that investment is quite different from trading because you may not bother to learn and master ways of buying and selling of cryptocurrency kind of investment and you may have or experience a profit, but in trading you have to acquire the knowledge before you can excel in trading, and trading need for you to have a mentor that's well known.

Mentor in Bitcoin supposedly and not cryptocurrency (when you say crypto it means altcoins and shitcoins and probably BTC is included) so you have to say Bitcoin to make it specific instead of saying crypto. One reason why Bitcoin investment is better than trading is because it's less stress than trading, on trading you need a teacher to tech you a lot of things before you can trade. But on Bitcoin investment you only need to know how to buy and send them know how to protect your wallet so that it won't be compromised.
Before on can teach a beginner in trading how to trade it means that the person has learned a lot from trading and he's supposed to have tangible knowledge about trading so that he won't lead his pupiled the wrong way.
We can't compare a Bitcoin investment beginner with a beginner on trading, a beginner on Bitcoin investment will learn the important things on Bitcoin investment and a beginner in trading will still be learning how to trade and might still be confused.

[Odohu]

At the same time some of these mentors especially those one on YouTube that only want their videos to be the best, they don't speak much about losses only how to make profit and you'd agree with me that many who only think of getting more profit are those who uses their imagination to start up trading, they just picture themselves to be at the top above every other starter.
I think getting someone like a mentor shouldn't be a problem but the issue is how good is the mentor because everyone needs to be careful not to be in the losing side of trading, not everyone we call mentor has what it takes to guide someone to the right direction.

the is that is good to have a mentor in anything that has to cryptocurrency both trading and investment, and that mentor should be someone you know and can access at any point in time, so I believe that we have to understand that investment is quite different from trading because you may not bother to learn and master ways of buying and selling of cryptocurrency kind of investment and you may have or experience a profit, but in trading you have to acquire the knowledge before you can excel in trading, and trading need for you to have a mentor that's well known.

When I was still pursuing a career in trading, even mentors will send a disclaimer that they are only giving you information with no guarantee that the information will work, and that the bulk of the job is in you finding what works for you. Some that are honest will tell you that until you personalise the information they are sharing, then you cannot make good use of them. This then mean that mentorship is good for many things but for trading, even your mentor will be struggling to make profits but will use paper trading for examples and will never want to trade live market with you because he understands its a different thing all together.

Like I said before, demo trading is easy and everyone is usually a champion is demo which is in hindsight but when it comes to trading live market, even the mentors will hide for the sake of their reputation because Bitcoin will always mess them up when they try to predict the price movement with certainty.

I have tried many things when it concern trading including using different mentors. When the chips are down, you will realise it is only you and the market.

Trading is just too subjective and this is the reason it is difficult to scale through and the reason I choose another route which in buying and holding for long term.

[Zackz5000]

Finally, I see a sane person here who can read and understand before posting. Many people here are just unspeakable.

That simply means that everyone that quoted your post in insane if you cheek the meaning of been insane your will realize that an insane person can never be here I know sometimes we might get angry and say some things that we are not suppose to say one thing you should know is that there is no way every body can agree with you or what you said.

[laijsica]

For anybody that will fathom the idea of going into trading, the person must have already known the implications involved, as the risk factors are the primary projections you will be taught at the beginning stage, however this does not mean that experts too don't make losses, because losses are part of the knowledge required for you to know how to be strategic in your trading journey. So is all depends on the individual  to know how to manage the risk factors in your trading. but however this is a pointer to the fact that trading has its own success story and volatility, just the way bitcoin holding has its own success story and volatility.

Many never have it in mind that when starting or going into trading that there must be losses, they only see themselves as those who gain more than they can lose whenever they start, that mindset is good and it makes some to be mindful of how they make their trading not by thinking that they know it all, that's where the down fall of many traders beginning.
The way you plan yourself and using other people's mistakes to learn can improve the way you go about business in the crypto world, sometimes taking that risk do pay more than being too careful but the question is "who doesn't want to make profit and who wants to stay losing"? Is an individual choice to make and learning from others is one of the key factors to survive as a trader and we shouldn't see those we seek for assistance as the best, is their experience they're giving to us not that they are 100% perfect.

The approach people take by choosing trading as an option in Bitcoin is wrong. There is no right path to success in trading it is a learning process and every day they get to learn and time the market. Most of them are optimistic and are overreacting to immediate profits without considering what they are doing to be far riskier if they had just bought and hodl. A more realistic and sustainable approach to Bitcoin is to buy and keep holding for a long-term benefit. There will be setbacks, day to day-to-day losses if traders do not see the long term as an essential opportunity to grow and improve their portfolio.

Trading is not an option that a Bitcoin beginner should get involved with, because that little money he's supposed to DCA with will be lost if he eventually gets involved in trading. However those who choose trade over Bitcoin investment don't have patience to hold for long term. Even if they try to buy bitcoin during the dip, truth be told that they will sell off if Bitcoin increases/decreases upto two percent plus, because they don't have the mind to hold for long. However DCA method is a good strategy a beginner should use and invest on Bitcoin, especially now that BTC is not up to $100k, it means now is the time to accumulate Bitcoin with DCA method. However the year has been divided in 2 and BTC price is at the range of $65k plus which means Bitcoin is already heading to $100k.

The risk of trading is too high for you to lose capital in addition to not giving enough profit. A beginner may choose trading because of cash flow but only after some time passes he is able to understand and finally choose holding or DCA strategy. In most cases this happens and investors start depositing bitcoin in DCA. This method is so simple that you can accumulate bitcoin along with your daily spending and the stash can become huge in a few years even though you could have spent that money. Your stack size or portfolio is dependent on the size of the deposit to be decent.

It's important to set your plan and prepare yourself accordingly for long-term Bitcoin savings, such as keeping cash even though you're setting aside a portion of your disposable income for savings. Also aggressive buying in bearish times can be for you if you have enough cash flow and trust your holdings in bullish times which is a long period of at least 6-10 years regardless of price. Although you can extend this period further and set the time as per your preference.