Accumulating Bitcoin or trading Bitcoin which is more wise to do.

[macson]

Trading is a risky and time-consuming practice. Some people seem to be good at it, and it can become a source of income for them. But a lot of people suck at trading, and I'm not sure that practice makes perfect in this case. Trading Bitcoin requires regular activities, stress, monitoring the market. Accumulation is way easier and also safer because Bitcoin does seem to have a strong upward long-term trend, whereas with trading, you can lose money even if a currency is good and has great potential. So, as for me, accumulation is wiser.

Accumulating Bitcoin is actually almost similar to the DCA method, except that traders who use the Bitcoin accumulation method are usually not active traders, they only look at the market occasionally and then try to take profits when they have made a profit.  while those who prefer risk will definitely choose to be active traders ^{(those who trade every day)}, however trading must produce profits so that everything done is not in vain, just like you, I also choose the accumulation of bitcoin which is a very good thing.

[dothebeats]

I'm a man who has a lot of time in his hands but is always too busy doing something to enrich my skills and my self-worth. I'd love to trade bitcoins and make it something that will make me money, but I found out a few years ago that I'm better off buying bitcoins, storing them for 3 or 4 years, and selling them once a new ATH is hit. It saved me a lot of time, effort, and money and I get to use most of my time for other things that could also generate me money.

If you have a day job that occupies most of your time, keeping a little portion of your salary to buy bitcoin is the best way to go, then treat those expenses as your 'savings' and try to not withdraw when the price is subtly increasing. This way, you are building your portfolio slowly while you're making money, and the rest of your time is spent on other things that help you work on yourself. Personally, I think trading bitcoins is for the rich or those who have deep pockets who can make tens of thousands or even millions in a day. If you're someone who's in the middle class and working from paycheck to paycheck, day trading is risky and it's better for you to just save and buy bitcoins as an investment.

[BlackBoss_]

I'm a man who has a lot of time in his hands but is always too busy doing something to enrich my skills and my self-worth. I'd love to trade bitcoins and make it something that will make me money, but I found out a few years ago that I'm better off buying bitcoins, storing them for 3 or 4 years, and selling them once a new ATH is hit. It saved me a lot of time, effort, and money and I get to use most of my time for other things that could also generate me money.

If you are busy and don't have much time for trading, investing and holding is better practice for you.

With trading, if you are not experienced and cleverly, you can lose your bitcoin by trading, not increasing your bitcoin or portfolio.

With investing and holding, you only need to have knowledge to believe in Bitcoin future, patience to hold your bitcoins long time enough, and take profit after some years or some cycles. Better ROI, no risk to lose your bitcoins like with trading.

[Stepstowealth]

A lot of people are also confused on whether to accumulate and hold as many as possible or to start trading it.

You only get confused if you have knowledge of trading but if you have no knowledge of trading, there is no way for you to get confused between the two options of either just accumulating bitcoins or trading bitcoins when the one you can only actually do is to accumulate bitcoins. The confusion will arise when an individual both has knowledge investing and also knows how to trade. Even as a trader it will be wiser for you to just be accumulating bitcoin if you notice that your success rate in trading is not so much and that is you are losing more than you are profiting from trading. Instead of continuing to reduce and loose money to the market, it is better you pause trading and try accumulating bitcoins while you make attempts to improve the knowledge you have on trading with the plans to improve your profit by reducing losses when you start trading again.

[Maus0728]

Depending on your tolerance to risk, if you're the kind of person that easily panics, you're probably better off just accumulating and hodling that bitcoin for a guaranteed profit for the long-term, if you're not the kind of person that doesn't easily panic then you're probably going to need to check out trading because it seems to be a really good thing for you to do, just learn that you only should invest or trade what you can afford to lose, don't make the beginner mistake of having to get emotional when losses or wins come your way, probably for the best that you do some research if you really want to trade, learn the ways and the different types of analysis of the different market movements.

[fuguebtc]

Only 10% of traders make profit from trading, the rest always run at loss in the market. This is because trading is so complex and plays with our emotions. To be a professional trader is not easy but to be a long term hodler is easy as long as you don't over invest in bitcoin but use only your discretionary income to invest in bitcoin.

Hodlers are making profits with ease because their bitcoin portfolio generates profits for them overtime. Unlike traders that will pass through stress and emotions and might still run at loss. Trading is risky and can lead to great loss, but hodli is easy and limits losses, since the price of bitcoin increases overtime.

In theory it is always easier to hold than to trade but in practice and in my opinion. Both methods have their pros and cons, and making money from bitcoin has never been easy. It sounds very easy, but being able to hold bitcoin until it becomes profitable takes several years or more, and as far as I can see, not too many people can do it. I don't find it as simple as you say.

In short, depending on each person's interests and abilities, choose the most suitable method of making money. Holding or trading, both are ways of making profits in the market and there are no bad methods only poor player skills.

[Gaza13]

I guess I'm in trading bitcoin because you can get a profit every day, and then the profit is available and we can use it in the crypto investment or compounding. also in bitcoin.

But of course we can only do this if there is deep knowledge of trading, because without that knowledge, we cannot do it for sure in the end.

Even though you have knowledge in trading, I don't think it guarantees you can make a profit there. Sometimes even expert traders can still lose. You shouldn't think too much about profits alone in trading, but you need to know that the risks involved are very large. No one can predict prices accurately, it is better for us to just keep collecting and collecting, the risk of loss does not have a big impact on the assets we own, we only experience price fluctuations in the market compared to when we trade.

[AnonBitCoiner]

Among crypto coins Bitcoin is the most known and most acceptable coin but people show interest when it is very high and investment at higher worth is not worthy. There will also be a large number of people who show such a greater interest that they immediately buy Bitcoin at the price above 65k$ and now they are waiting for the market to be good again.

If someone is new here then they should not invest at such a high worth because it becomes risky due to which newbies do not show any patience and the market drops their money.

Accumulating Bitcoin is good but trading is risky and only experts can benefit from trading but for newbies and experts both can accumulate Bitcoin at an affordable price.

[SATWAT]

I guess I'm in trading bitcoin because you can get a profit every day, and then the profit is available and we can use it in the crypto investment or compounding. also in bitcoin.

But of course we can only do this if there is deep knowledge of trading, because without that knowledge, we cannot do it for sure in the end.

Even though you have knowledge in trading, I don't think it guarantees you can make a profit there. Sometimes even expert traders can still lose. You shouldn't think too much about profits alone in trading, but you need to know that the risks involved are very large. No one can predict prices accurately, it is better for us to just keep collecting and collecting, the risk of loss does not have a big impact on the assets we own, we only experience price fluctuations in the market compared to when we trade.

Solid point with we have not guaranteed about profit during trading because things can take change any time even experts can also face loses due to fluctuations so for me better idea is accumulating instead of going for the trading which is never been ideal thing for few peoples specially those are having no big savings they need to stay with their savings on accumulating which give them good reward at the end.
Here we have no big risk of lose because saving usually pays good profit even there is no matter you are doing this all for the long run or short case accumulating always good for everyone.

[Yatsan]

Trading requires huge amount of attention, so if you know to yourself that you don't have enough knowledge of price action and different chart patterns, then accumulation or just holding Bitcoin would be a better option. Trading is not something you would fully learn within a year, at least for majority of people. It is indeed more profitable with just accumulating Bitcoin but will also involve bigger loss due to high volatility in the market.  With swing or spot trades, you could maximize the profit from every price direction of it but you'd be more stressed following the trend unlike with long term holding wherein it is your discipline and consistency are the only things where you would struggle. Either would be fine as long as you know what would best work for you.

[kentrolla]

I have tried both and accumulating proved to be better hence I am doing it through DCA but this doesn't rule out tr fact that even traders earn good amount of money it's just that everyone can't become a trader and if a person has good trading skill and can allocate more time then trading would be a better option but as mentioned knowledge and skills are really important else people will end up losing.

[GbitG]

If a person does not have an idea about trading they should not attempt it at all.

Right, if somebody doesn't have any ideas/experience about trading that how it works, or how to analyze the market dynamics, So definitely, it could be hard to get the chance to make some profit. Because trading is a field where you don't have much more skill or experience so your profit or loss possibilities are 50/50.

Hodling does not require any skills and you're taking on little risk if you're not buying with borrowed funds.

 Exactly, that's an investment that needs no much more skill or experience. Besides that, it doesn't need a lot of effort. Only you just need to develop a develop a DCA strategy through which you will be accumulating bitcoin. I chose DCA because in my opinion, DCA is the only strategy that reduces your loss risk. It reduces volitality. This reduces the risk of losing your investment. So I think for investment you have to do just DCA. While trading, you have to monitor everything carefully. In which you will have to learn TA, FA, as well as market sentiment and many other skills while still giving you 50/50 loss/profit. So now it is up to us to decide which one is better.

[Ale88]

A lot of people are also confused on whether to accumulate and hold as many as possible or to start trading it.

I really don't understand how this could be something confusing: if you know how to trade, then trade; if you don't know what you're doing, then just accumulate. As simple as that. Usually for many people holding is the easiest way to go, there are no risks but you need to be extremely patient. Some people are not patient and they rush into trading, usually losing everything.

[Kristiyana]

Trading is very difficult to understand, considering the risk that is involve in trading, as a beginner I think is advisable to go into accumulating bitcoin, reason is because if you start with trading you're going to experience a lot of loses. as a new Investor that I'm I don't look at trading aspect because I don't have much knowledge about trading, that is why I prefer accumulating bitcoin than trading, I think is more safer though there is always a risk both in accumulating of bitcoin but not to be compared with trading itself.

[Reatim]

Trading is very difficult to understand, considering the risk that is involve in trading, as a beginner I think is advisable to go into accumulating bitcoin, reason is because if you start with trading you're going to experience a lot of loses. as a new Investor that I'm I don't look at trading aspect because I don't have much knowledge about trading, that is why I prefer accumulating bitcoin than trading, I think is more safer though there is always a risk both in accumulating of bitcoin but not to be compared with trading itself.

I agree that trading is a lot more advanced than just holding bitcoin so if you are a beginner, you probably should start with just accumulating bitcoin to hold. There are too many complexities to soothe out when you decide to start trading like exchange to use, market analysis and a lot more that could make a beginner's head explode.

[boty]

I have tried both and accumulating proved to be better hence I am doing it through DCA but this doesn't rule out tr fact that even traders earn good amount of money it's just that everyone can't become a trader and if a person has good trading skill and can allocate more time then trading would be a better option but as mentioned knowledge and skills are really important else people will end up losing.

It is true that if we can combine these two things, of course this will be very profitable for us and we also have to look at the potential we have and don't let it happen that when we carry out these two things, this will make us unable to make a profit, instead we will incur losses. I agree with you, using the DCA method as you mentioned will certainly be better and we must be able to do it consistently in order to achieve the profit target we want and to trade I have never tried it myself because it is very risky for me who has never tried it. I have capital that I can use in trading and this is very risky as you said without trading skills it will certainly make us lose in the trades we make.

[Essential10]

No one can master trading easily, it requires a lot of hard work, patience and very few people succeed in trading. Since Bitcoin is very valuable, if you choose to trade with Bitcoin without understanding it, you can face a lot of losses. If you invest money in Bitcoin you will have to wait a long time to get profit. Meanwhile, you can get big success very quickly by trading Bitcoin, but try to make your money profit from long-term investment or trade where you feel comfortable.

[Luzin]

First, I know bitcoin trading has the aim of multiplying bitcoins. I try not to sell when I don't because I have a very important need and I don't have cash. For this reason I did set aside some money to buy bitcoin. That I did in 2015.  After that I kept trying to accumulate my bitcoin amount by trading. It's a bit risky, but I keep learning how to trade because basically the technique is the same only the market is changing. We just need to learn continuously. So I will choose to multiply bitcoin by trading instead of investing bitcoin by buying it with fiat. 

[Volimack]

A valuable currency like bitcoin I will never waste trading bitcoin is the best for investment. I don't think it's wise to trade in bitcoin as it requires a lot of knowledge in trading and learning a lot about the market. If someone jumps without learning there will be a high risk of losing, which cannot be easily compensated even if you want to. All will be lost if the market moves and faces a loss. But bitcoin long term investment will give good profit.

[electronicash]

traders are trading BTC/USDT to accumulate BTC. the stablecoin is what it's used for, traders sell the BTC for a higher price in exchange for USDT and then wait til the price drops which they accumulate satoshis. it could be easy to look at it this way and one could think you get to be rich when you master doing this. i do believe so but what you need is also time and patience which not everyone has.