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Author Topic: Accumulating Bitcoin or trading Bitcoin which is more wise to do.  (Read 845 times)
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May 07, 2024, 04:40:27 AM
 #61

When you accumulate, you only profit bitcoin but when you trade bitcoin, you risk losing your investment because you've got a gut feel that it's the right thing to do and then you're wrong which leads to you losing your money, that's how it's going to be when it comes to trading. Sure there are the chance that you can make your trading profitable but why risk going there if you know it will take you a long time to get there when you can just accumulate and keep a steady and stressless life. It's up to you at the end of the day but choose the hardships that you want to face in your life.



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May 07, 2024, 08:58:23 AM
 #62

I would consider both as it is my current goal which trading Bitcoin to accumulate more Bitcoin. I actually do just hold Bitcoin but it hits me that what if I start accumulating Bitcoin as the supply is limited and instead of holding my coin without doing nothing, I'll start trading it with the goal of having more Bitcoin. I don't actually care about the prices anymore as I've get used to it a few years back and I'm into long term holding. Though it's not that easy to do it, it helps me increasing my knowledge and experience in trading.

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May 07, 2024, 09:41:04 AM
 #63

Trading is profitable during bull season and there is no harm in trying as we can't tell ourselves if we are good at this if we never do it.
of course, holding is less risky and also profitable but if you don't have patience, this will never work.

Generally, we can just tell which one suits us after having a try on both of them. For me, I would say trading is a good choice during this time but after this bull season, I will become a holder again. We choose the option where we think we can do well, not because we see people doing this. That is why we should try and let us see the result before deciding as this also depends on our behavior, knowledge, skills, and interest.
Interesting perspective! I'm curious, what factors do you consider when deciding between trading and holding? And how do you determine if you're suited for one over the other?
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May 07, 2024, 10:05:38 AM
 #64

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.
Yeah same as majority of Bitcoin investors are hodlers not traders correct me if I'm wrong. I think there is only small percentage of profitable, skilled and professional traders compared to those who just accumulate and and wait for the bull run to come. I can even see professional traders make a devastating loss from a trade so yeah if you wanted a stress free investment then just do DCA or become a hodler as it makes sense to me.



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May 07, 2024, 10:43:45 AM
 #65

Trading is profitable during bull season and there is no harm in trying as we can't tell ourselves if we are good at this if we never do it.
of course, holding is less risky and also profitable but if you don't have patience, this will never work.

Generally, we can just tell which one suits us after having a try on both of them. For me, I would say trading is a good choice during this time but after this bull season, I will become a holder again. We choose the option where we think we can do well, not because we see people doing this. That is why we should try and let us see the result before deciding as this also depends on our behavior, knowledge, skills, and interest.
Interesting perspective! I'm curious, what factors do you consider when deciding between trading and holding? And how do you determine if you're suited for one over the other?

That will depend on you and only you know your own strengths and weaknesses, no one can help you choose a method because no one is in your situation and position. If you have the ability to trade and are confident that you will make a profit from it, why would you ignore it? But if you do not have the knowledge and feel that trading is too difficult for you, you should choose the accumulation and holding method. If you don't know which method is right for you, you should try both in turn and choose which method suits you best.

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May 07, 2024, 11:41:55 AM
 #66

Trading is profitable during bull season and there is no harm in trying as we can't tell ourselves if we are good at this if we never do it.
of course, holding is less risky and also profitable but if you don't have patience, this will never work.

Generally, we can just tell which one suits us after having a try on both of them. For me, I would say trading is a good choice during this time but after this bull season, I will become a holder again. We choose the option where we think we can do well, not because we see people doing this. That is why we should try and let us see the result before deciding as this also depends on our behavior, knowledge, skills, and interest.
Interesting perspective! I'm curious, what factors do you consider when deciding between trading and holding? And how do you determine if you're suited for one over the other?

That will depend on you and only you know your own strengths and weaknesses, no one can help you choose a method because no one is in your situation and position. If you have the ability to trade and are confident that you will make a profit from it, why would you ignore it? But if you do not have the knowledge and feel that trading is too difficult for you, you should choose the accumulation and holding method. If you don't know which method is right for you, you should try both in turn and choose which method suits you best.



I doubt trying them both. Accumulation and holding is the best method to be applied in anyone Bitcoin journey. Bitcoin is a valuable asset not just a tradable coin to make profit off. Trading Bitcoin isn't easy as said, it a very volatile market with huge spread, trading such market involves a very tactic knowledge. I guess the later doesn't have any idea about trading by saying trading is only favourable during bull season which is wrong, as a trader you are present to make profit wether in bear or bull by simply buying and selling at intervals.

Accumulating and Holding,applying DCA is good as one won't bother about price movement or become tensed, happy or moody as in the case of trading.  I advise we invest and not trade. It left for you to decide, but choose wisely.

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May 07, 2024, 11:43:17 AM
 #67

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.
I agree with you that they tend to do this, trading to increase their portfolio value, to increase their bitcoins but the reality is opposite.

They trade too often and even when Bitcoin volatility is not high and they get familiar with low volatility as their normal standard. With this feeling, when Bitcoin suddenly to rise sharply, they will sell low and buy high. This trading style will cause them loss of their bitcoin and it's not what they intend to do initially.

I would like to say, they should trade less, hold longer.

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May 07, 2024, 12:02:21 PM
 #68

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.
I agree with you that they tend to do this, trading to increase their portfolio value, to increase their bitcoins but the reality is opposite.

They trade too often and even when Bitcoin volatility is not high and they get familiar with low volatility as their normal standard. With this feeling, when Bitcoin suddenly to rise sharply, they will sell low and buy high. This trading style will cause them loss of their bitcoin and it's not what they intend to do initially.

I would like to say, they should trade less, hold longer.

I think maybe many of us have thought about this and even tried it, and I am one of them. But to be honest, it was not as easy as we thought, and as a result our bitcoins decreased instead of increasing as expected. So I think holding and trying to find income from work sources, and then applying the DCA strategy is the best way to increase the number of bitcoins. Trading is never as easy as we think, if it really was that easy it wouldn't be our turn to do it.

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May 07, 2024, 01:24:06 PM
 #69

Use pareto principle, it means there are 20% who success while the 80% are mediocre or not success.

Some people becomes successful investors and some people becomes successful traders, but not everyone can be successful on the same thing. To become successful investors you need to have huge funds and able to hold Bitcoin for long term, while trading need to have a good skill about it, not everyone can mastering trading.

R


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May 07, 2024, 02:10:52 PM
 #70

There is nothing to be confused about, if you want to trade and have the skills then doing so can be an advantage for you, but if you do not master it then do not trade then it will make you lose.

Accumulation continues to hold it then that's the best and simple way even ordinary people can do it like myself where I continue to accumulate rather than trading because I don't have better skills especially in futures trading.

So my advice is; continue to accumulate you will never lose if you don't sell halfway down the price, you have to hold HODL until the target price is reached.

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May 07, 2024, 02:21:07 PM
 #71

I would consider both as it is my current goal which trading Bitcoin to accumulate more Bitcoin. I actually do just hold Bitcoin but it hits me that what if I start accumulating Bitcoin as the supply is limited and instead of holding my coin without doing nothing, I'll start trading it with the goal of having more Bitcoin. I don't actually care about the prices anymore as I've get used to it a few years back and I'm into long term holding. Though it's not that easy to do it, it helps me increasing my knowledge and experience in trading.
It is not easy for someone to trade bitcoin, You have big balls to do this. I know your loss of assets is huge for this.Let me ask you a little, why don't you keep bitcoins in the long term? And why wouldn't you trade another coin that has strong fundamentals, for a percentage gain that both have a 50-50 chance of? Of course, people's decisions vary when it comes to accumulating their bitcoin assets. Personally, I definitely wouldn't do it like you do, I'd rather collect it. It's not that I don't like trading, I appreciate the money I've earned over the years.

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May 07, 2024, 02:45:45 PM
 #72

Am not saying those that trade Bitcoin are not making it big but accumulating Bitcoin is a lifetime investment and it will be more profitable.
So don't be confused anymore accurate as many Bitcoin as possible and hold on to it.
Have you tried to know their real intention toward this space?
many with different view on how they sees bitcoin while there are people who came here to source for all necessary information on how to succeed for long run while holding bitcoin. There are people who had this mind of buying and selling bitcoin just for profit maximization and utilization because holding could seems a waste of time for them since they can't hodl for long period of time rather they could decides to sell and buy with this that can keep their profits running at all time. While there are people who thought that trading bitcoin is waste of resources rather they would choose to hold for long time not just that but for decades because they knows the benefits they could derived after holding for that long than just keep selling and selling and buying and selling.

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.
You are absolutely correct my mate
Just imagine someone starting a trading with $10k and someone also starting investment with same $10k what would be their results if it happens that trading is not a professional for that case? This shows that the investor won't lose any money except something very unusual happens to bitcoin which could like caused the price of bitcoin to dropped above what they invested, and for the trading he already at lost because they had already traded with some percentage probably losing about 2k from the trading while the holder just have his complete digits in bitcoin, whenever the prices bounces back he gets back his money and also makes more profits for holdings.

Only 10% of traders make profit from trading, the rest always run at loss in the market.
I'm not sure you really know what percentage of traders are able to make a profit from trading. Do you have data about that?
I think he is speaking based on his personal view and experience so far, there most be a data for him to prove is right or correct. You know most people especially new trader always think trading is that easy and lot of them has been failing in trading if they don't apply the right strategies to succeed in trading. Initially i was also putting interest in trading but when i looked at the stress and time consuming it's i decided to overlook that way and focused on holding because is more stressful some times you could lose very hard although was combining with shitcoin when list on some exchange and I have leant my lesson never to focused much on altcoin trading since its very much volatile.

Some people feel like holding bitcoin is really a waste of time due to how they feel that they can really make a fortune if they trade it, which many do, but a lot of people have lost their investment due to the wrong timing on the bitcoin market. It's highly volatile nature makes it more risky and harder for its movement to be predicted.
At first they need to know what they are doing because most people are so confused of their lives because whenever they hears someone talking about trading they feels is so common to handle without knowing it requires more technicalities to succeed in trading for long run. So the best option is to hold for long term, although they can trade if they think profiting is very much easy while they keep trading but could be bad to fool oneself after knowing that they aren't succeeding as they trade.
 

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May 07, 2024, 03:01:06 PM
 #73

To become successful investors you need to have huge funds and able to hold Bitcoin for long term, while trading need to have a good skill about it, not everyone can mastering trading.

Not everyone has the ability to invest huge funds into crypto but this does not mean that they should end their journey here. I think one of the most important skills in life is being able to make the most out of nothing. Making more money when you started with not much is something impressive and I believe a characteristic a lot of us investors has to have.

When you have this characteristic, I believe that you can learn trading swiftly as possible.

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May 07, 2024, 03:04:28 PM
 #74

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.
I agree with you that they tend to do this, trading to increase their portfolio value, to increase their bitcoins but the reality is opposite.

They trade too often and even when Bitcoin volatility is not high and they get familiar with low volatility as their normal standard. With this feeling, when Bitcoin suddenly to rise sharply, they will sell low and buy high. This trading style will cause them loss of their bitcoin and it's not what they intend to do initially.

I would like to say, they should trade less, hold longer.

I think maybe many of us have thought about this and even tried it, and I am one of them. But to be honest, it was not as easy as we thought, and as a result our bitcoins decreased instead of increasing as expected. So I think holding and trying to find income from work sources, and then applying the DCA strategy is the best way to increase the number of bitcoins. Trading is never as easy as we think, if it really was that easy it wouldn't be our turn to do it.
Lets make it simple, trading is not for everyone and for someone who cant utilize trading or maximize the earning for trading then its better to focus on holding bitcoin and yes it can be done using the method of DCA which is even the price of bitcoin right now is so high you can still own a fraction of it and earn by holding it either long or short term but its more practical to hold it for long term so that you could maximize the potential profit, because its more less risky of losing money in holding than trading because it will require a lot of patience, knowledge and of course experience so if you want to truly earn with ease in bitcoin then its better to consider doing DCA, even now I still do DCA but sometimes does trading but day trade only, because I experience doing scalping and its a hassle trully.

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May 07, 2024, 04:16:34 PM
 #75

Some people becomes successful investors and some people becomes successful traders, but not everyone can be successful on the same thing. To become successful investors you need to have huge funds and able to hold Bitcoin for long term, while trading need to have a good skill about it, not everyone can mastering trading.

Though you are right about the success and failure rate, I believe anyone can learn to trade as long as they have an interest in trading because it isn't rocket science, and if a person is literate and generally understands things that are used in trading such as charts, candlesticks, prices, etc., they can learn to trade. All it needs from them is dedication and determination to learn and they can make it for sure, for some, it might take more time and for others, it will take less.

Some people think that those who make investments don't need any knowledge about the market but that isn't true. Even if you are making investment and willing to buy and hold, you still need to understand the market and know the movements of the coin you are investing your money in.

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May 08, 2024, 06:41:00 AM
 #76

Unless you consider yourself a good trader, I would stick to accumulating Wink
Even people who consider themselves as good traders can still not predict the market 100%, the market can still play tricks on them and they'll end up gambling away their money.
lol no one can rpedict the market completely that is why we are calling that prediction and
also speculation because we are just estimating what will come and what will be the price of each
coins we tend to invest.


Quote
When it comes to Bitcoin investment, then the best approach has always been BUY and HODL,  because you can only reap the actual benefits of Bitcoin when you look at it as a long-term investment and you target the long-term profits, and trading is definitely not looking at the long-term potentials of bitcoin.

bitcoin is a slow moving product and we cannot expect an speed of a light increase like
what shitcoin do sometimes so better know where and what you are investing.

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May 08, 2024, 07:25:06 AM
 #77

Bitcoin is the best cryptocurrency in the world right now and a lot of people has developed interest in it.

A lot of people are also confused on whether to accumulate and hold as many as possible or to start trading it.
Bitcoin will grow more bigger and stronger as the day goes by, people who had opportunity to invest in it 10 years ago and never did are regretting it till date, accumulating as many Bitcoin as possible will be the must wise thing someone will do than trading it.

Am not saying those that trade Bitcoin are not making it big but accumulating Bitcoin is a lifetime investment and it will be more profitable.
So don't be confused anymore accurate as many Bitcoin as possible and hold on to it.

Trading is not a kids' game. Well, it could be if your trading volume was below $5 per day, but that's rarely the case. So, it's a risky business and extremely complicated one. Those who think it's easy they just lose their money fast. If you are not a professional trader, you shouldn't even ask yourself that question. Accumulate and hold is your best option. Besides, look at the past 12 years and answer the question, who have done better, those who've been trading or those who've been holding all this time?

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May 08, 2024, 12:23:21 PM
 #78

Unless you consider yourself a good trader, I would stick to accumulating Wink
Even people who consider themselves as good traders can still not predict the market 100%, the market can still play tricks on them and they'll end up gambling away their money.
lol no one can rpedict the market completely that is why we are calling that prediction and
also speculation because we are just estimating what will come and what will be the price of each
coins we tend to invest.
You're right.
The unpredictability of the Bitcoin market is what makes it quite interesting, and everyday people are developing new techniques to enable investors navigate around the market while minimizing the risk of losses and maximizing the potential for profitability.
It's not really easy doing this because the market is very volatile and trends can change at any time, you can be studying and monitoring a particular trend for a long time only for it to change almost immediately rendering your research currently invalid, until the market decides to take the same trend again.

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May 08, 2024, 12:58:55 PM
 #79

Whether you want to accumulate Bitcoin or trade Bitcoin, both are equally good, because it depends on the individual, they can choose which one is most appropriate for them. If they prefer to play it safe on Bitcoin investments, then they can accumulate Bitcoins until their goal is achieved, but that will usually depend on how much money they allocate. However, if they want to earn more, then they can choose to trade Bitcoin, but it will come with risks and one needs to understand technical or fundamental analysis. Or one can choose both - they accumulate Bitcoins and trade some of them.

R


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Questat
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May 08, 2024, 01:06:12 PM
 #80

To become successful investors you need to have huge funds and able to hold Bitcoin for long term, while trading need to have a good skill about it, not everyone can mastering trading.

Not everyone has the ability to invest huge funds into crypto but this does not mean that they should end their journey here. I think one of the most important skills in life is being able to make the most out of nothing. Making more money when you started with not much is something impressive and I believe a characteristic a lot of us investors has to have.

When you have this characteristic, I believe that you can learn trading swiftly as possible.
Well, I see money is a reasonable reason to become successful in investing as it indeed needs money, and having a huge amount is somewhat advantageous compared to small capital. But this is not the main reason, it is also our knowledge acquired and investment strategies.

Where both trading and investing need money, it is very important to feel which one we are at best and we are certain that we can do it well. Many people try trading and still fail, it is the same as investing. That is why knowing our interests is important in order to decide what option we take first.

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