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Author Topic: Accumulating Bitcoin or trading Bitcoin which is more wise to do.  (Read 845 times)
bitterguy28
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May 15, 2024, 04:39:56 AM
 #121

Both.

One must write a business plan first then stick to it. Remove emotion from the equation.

Just like gambling people get wrapped up in emotions and make the exact same crappy decisions.


Just like Chris Rock says "there is no sex in the champagne room"
Emotion mostly changing our ways in dealing with things this is why it must not work when we are doing  for something specially from dealing with crypto because this is a place where so much risk is at stake.


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But for me it is still HOLDING that matters and yeah i this is what I am doing for how many years now.

Bitco55
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May 15, 2024, 05:55:24 PM
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 #122

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 bitcoins as possible and hold on to it.


I read somewhere on the forum today, " Wealth isn't money, it is value". Now, the thing is trading is making money, while holding or accumulating Bitcoin is making wealth. Trading gives you momentary funds, and hodling saves your future. You know what's funny, at the end of the day we all trade Bitcoin, cause after holding for so long, you can't get your value, and your wealth without trading or selling it off to someone. But that's not the point. The point is, if you want more you should accumulate. It's not that difficult, it's just like saving for the future in the bank, yeah?

So, any day, anytime, I would pick accumulating Bitcoin. Trading doesn't hold much significance, unless when I buy more to accumulate more.. lol Cheesy

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Kelvinid
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May 16, 2024, 10:32:55 AM
 #123

Don't get confused OP why did the majority choose to invest in Bitcoin rather than trading, it is because trading is too risky, stressful, and can't assure a profit. Unlike investing and holding, as long as you are buying low and selling high, profit is certain. But in trading, committing mistakes will end in tragic losses.
In both trading and investing, if you buy low, sell high, you get profit. If you can do it, you will have good trading and investing ROI.

The bottom line for biggest difference and challenge between trading and investing is psychology.

With trading, you get more psychological challenge from market price movements, news, fud that can force you to do bad trading decisions. With investing, you will less likely be affected psychologically because you have good knowledge, strong belief to hold you bitcoin. You won't get loss if you don't sell your bitcoin and fortunately Bitcoin recovers with time and makes new all time highs with new bull runs, historically so far.

I doubt what psychology has to do with, Trading or investing or relate to this topic. I greatly disagree trading to be the means how anyone should take Bitcoin for, if you're a good trader no offense you can scale up but the right approach is accumulating as much so as to have your own Bitcoin and not just trading it.

Accumulate, hold and keep investing in Bitcoin. Newbies, beginners thks safeguards you from unnecessary panics about price movement, Trading gonna fuck your ass if you are not skillful enough.
Because a wise person choose the option where they can guarantee profit, even it was not 100% but at least a higher percentage. Indeed, this does not involve psychology as people will choose where they can profit more and surely will choose the option that is less risky. If we are not a good trader, we are certain that we don't choose to trade, the same thing happens to investing. Especially for newbies, they should have to think about their capabilities, not just thinking about their money/capital as it never works that easily, it needs good knowledge.


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Baki202
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May 16, 2024, 12:45:25 PM
 #124

It depends on your readiness in research, financial management, risk management and of course your mentality because seeing from what happened when talking about trading and investing both can still be done depending on where your interests are but in the end things like that will also be a little complicated if indeed you do not understand what to do because of the lack of knowledge you have, limited money and you do not know the risks that will be faced.

What qualities are needed in order to be able to function well? There is no way you can function well without having these qualities, doing research and knowing what's going on in the market are very important. choosing what you want to do. if you hold, it is also good, so the decision of what you want to do will also depend on the amount of money you have to support your investment. And that is the reason why seeking knowledge first is very important, because without understanding, the market will drown you and you will lose money and interest, and you blame bitcoin for its success.

Ideally if you are a beginner then indeed investing is a fairly logical choice to make because at least although the risk is definitely there but it is not as big as when you are in trading and actually there is an important thing that must be known when talking about the choice of landlord or investor for beginners is that they must first understand what trading is and what investment is and learn more before finally deciding where you will be.

Indeed, you are a first-timer in the business. Most people will want to just buy and hold and others like me will just want to go with trading but not everyone wants to pay the price of learning. even in trading, you can manage your risk. Having an idea of how both work is the best and the majority of people will still want to go for holding since it has less risk and less work compared to trading, where you have to read the candle movement, so that is a lot of work and that is what a lot of people are avoiding.

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May 16, 2024, 02:04:51 PM
 #125

A lot of people are also confused on whether to accumulate and hold as many as possible or to start trading it.
First of all I do not think that you are sure that a lot of people's confusion on bitcoin is whether to trade it or not. There are other confusing things about bitcoins, There are many people who are confused about how to accumulate bitcoins, when to accumulate bitcoins and why to accumulates bitcoins.

 The concept of the how, when and why are still not understood, so accumulating bitcoins is still a vague exercise for them.
Yes, before investing, beginners usually have to learn first what Bitcoin, trading, etc. are, and what types of risks are involved in them. If you already know the types of risks, then you can make your own choice, which one is more appropriate or suitable for you. If beginners are stable and confident about this one asset from their learning process, they don't have to be confused about how they obtain or accumulate their assets. The dca technique is suitable for all investors.

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May 16, 2024, 02:10:14 PM
 #126

Because a wise person choose the option where they can guarantee profit, even it was not 100% but at least a higher percentage.
The market does not care you are wise or stupid and it moves in a way it moves and how whales want to manipulate the market direction. They all don't care about any single investor or trader like you and me.

An experienced investor or trader will always have plan B, plan C to cut loss, exit the market, and wait for a second or third chance. There is no guarantee to gain profit in any market and you must be responsible of controlling risk and reduce loss for your capital.

Quote
Indeed, this does not involve psychology as people will choose where they can profit more and surely will choose the option that is less risky.
Psychology has massive impacts in the market and most of market participants can not control their psychology, emotion then their actions, hence they are manipulated by whales and their set up signals.

You can not succeed and survive in any market if you have bad psychology control and don't understand about the psychology of market cycles.

GbitG
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May 16, 2024, 05:33:20 PM
 #127

Indeed, you are a first-timer in the business. Most people will want to just buy and hold and others like me will just want to go with trading but not everyone wants to pay the price of learning. even in trading, you can manage your risk. Having an idea of how both work is the best and the majority of people will still want to go for holding since it has less risk and less work compared to trading, where you have to read the candle movement, so that is a lot of work and that is what a lot of people are avoiding.
That is a fact, most people want easy money while not doing a lot of work, this is one of the biggest reasons why so many people are getting into the cryptocurrency industry because they hear someone say that they can earn a lot of money by making some investments in cryptocurrencies and there isn't much work to do as well, but they don't know the fact that knowledge is extremely important for one to profit from this market.

Those who try to get in early, make some quick bucks, and exit, tend to lose more money in the long run because such things might work sometimes and that too on things such as meme coins where you can barely do any research but it's all dependent on your luck.

If someone wants actual and long-term profit, they need to acquire enough knowledge and then get into the market even if they are willing to buy and hold, they need to know which coins they should buy and hold.

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May 21, 2024, 11:22:24 AM
 #128

Even if someone is not an expert in technical analysis, he/she can trade and earn some money from it. By chance, I mean. So, trading should be treated as gambling in that case. So, don't put at risk a bigger amount than you can afford to lose and trade how much you want. Enjoy the process, learn something from it, but don't try to make money with it because you can end up with losing a lot because of your high stakes. Accumulating Bitcoin, on the other hand, never hurts.
Trading is risky but everyone can have profit or loss with some trades. Difference between an amateur and a professional trader is in long term of trading. An amateur trader who relies completely on luck factor can not get profit in the long term. The professional trader can get positive net profit in long term of trading because he is very knowledgeable, experienced and disciplined with entry and exit.~

But it is not necessarily so, right? A lot of so-called professional traders lose their money because, apart from unpredictable events, they can be simply wrong in their calculations. But tell me, who lost anything from accumulating Bitcoin ever? Unless you panic-sold your BTC at the lower price than you you bought it, till this day there were no losses from accumulating Bitcoin. Of course, it's just my personal opinion, but I think that accumulating Bitcoin is more wise to do than trading.

~ So, any day, anytime, I would pick accumulating Bitcoin. Trading doesn't hold much significance, unless when I buy more to accumulate more.. lol Cheesy

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May 21, 2024, 11:35:13 AM
 #129

So, any day, anytime, I would pick accumulating Bitcoin. Trading doesn't hold much significance, unless when I buy more to accumulate more.. lol Cheesy
Accumulation bitcoins gradually with time is a good investment strategy as it will help you to gain many things simultaneously.

Increase your total capital spent in bitcoins as your investment.
Reduce impacts from price volatility.
Increase your portfolio ROI in a bull run because Bitcoin stays around bottom range with a longer time than how it stays in peak range in a bull run.

You will have more time to accumulate bitcoin than time to take profit in bullish months within a single cycle.

Your accumulation is only healthy and sustainable if you don't use all money you have at any specific time to invest in bitcoin. Because you always need to have money in either cash or stable coin to use for many necessary and vital things in your life.

DCA $50 weekly, in last four years, I invested $7,850 totally and now my portfolio value becomes $16,643.
https://dcabtc.com?sd=2021-05-21&sda=3_years&f=weekly&d=4_years&ac=5000&c=false
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