What do we think about trading bitcoin?

[Strongkored]

I Have never seeing anyone who said, I made huge amount of money from trading bitcoin, the testimonies I always see or hear is see the amount of money I made from my bitcoin investment.

Long term holders or investments are indeed more profitable in bitcoin, compared to trading, and not everyone understands this or agrees with the fact, because basically many traders do not trade with Bitcoin - fiat pairs only, they also trade Bitcoin vs altcoin pairs which if lucky enough can provide quite large profits, and that is the target, for those who like things that are calmer and for the long term, buying Bitcoin and continuing to collect it is the best choice.

[mirakal]

Bitcoin trading is something at everyone is suppose to avoid, forget about the phrase that's says bitcoin trading is high risk, high rewards, trading bitcoin can damage you emotionally and financially. As am currently speaking now the person who introduced me in to bitcoin is a trader, that have been damaged emotionally and financially all because he was trading bitcoin, now all the money he made from the trading has gone back to the market, and now his a deptor all in the name of trying to make quick money from bitcoin trading.

No, it was not about using Bitcoin for trading, nor was he to blame for it. The reason why he loses and turns into a debtor is because of his ineffective trading strategy. A lot of traders use the same coin (bitcoin), and many of them make some profit. Therefore, it was not the coins we used, but it is a trader's approach, and they could lose if they don't make it right. There are a lot of people who tried trading, but many of them failed. Unfortunately, that person is one among those traders who fail.

[Findingnemo]

Trading and investing serves different purposes.

Trading is someone who consider it as job to generate revenue for monthly while investors are someone who just dump their money generated from other sources whether it's salary or profit from business

Trading is often lead to loss in long term due to the uncertainty of the market but still people does that and it's their choice.

[harapan]

Normally me I don't like trading bitcoin, yeah I know there are some benefits and profit making when a trader make correct decisions and react to the price Volatility while trading.
But come to think of it why we someone who have seen bitcoin proving itself to be a store of value with potential returns, we still choose to be trading bitcoin rather than accumulating bitcoin and hold for a long period of time.

Trading Bitcoin it's  very risky because you will most likely be in loss and besides it's more risky to trade Bitcoin than investing Bitcoin cause they are different aspects. When you invest for long term you'll definitely get profits as time goes on but  for trading you can't specify that more especially when you ain't very tactical and strategic. Come to think of it Bitcoin is a store of value and this is why accumulating it for long term usually yeild profits overtime tho sometimes it's good to take some level of risks you know, you can't tell the outcome later on.

[tygeade]

Bitcoin trading is something at everyone is suppose to avoid, forget about the phrase that's says bitcoin trading is high risk, high rewards, trading bitcoin can damage you emotionally and financially. As am currently speaking now the person who introduced me in to bitcoin is a trader, that have been damaged emotionally and financially all because he was trading bitcoin, now all the money he made from the trading has gone back to the market, and now his a deptor all in the name of trying to make quick money from bitcoin trading.

No, it was not about using Bitcoin for trading, nor was he to blame for it. The reason why he loses and turns into a debtor is because of his ineffective trading strategy. A lot of traders use the same coin (bitcoin), and many of them make some profit. Therefore, it was not the coins we used, but it is a trader's approach, and they could lose if they don't make it right. There are a lot of people who tried trading, but many of them failed. Unfortunately, that person is one among those traders who fail.

OP could consider trading is a bad thing, but that doesn't make it a bad thing at all, it's just not something that people are willing to work for, but in the end trading could be a very profitable thing as well.

It just depends on the trader itself and if you are trading very well then you are going to end up with profits. I get that some people lose money at trading, but to blame trading itself, as a concept, just because you made losses, isn't the way to go. If they work hard to study and learn and gain experience in the trading world then you are going toe nd up with much better results and you are going to get profits. Just put the blame on others and move away from it will not gain you anything in the end and you shouldn't do it.

[Mr Reporter]

Normally me I don't like trading bitcoin, yeah I know there are some benefits and profit making when a trader make correct decisions and react to the price Volatility while trading.
But come to think of it why we someone who have seen bitcoin proving itself to be a store of value with potential returns, we still choose to be trading bitcoin rather than accumulating bitcoin and hold for a long period of time.
Bitcoin trading is something at everyone is suppose to avoid, forget about the phrase that's says bitcoin trading is high risk, high rewards, trading bitcoin can damage you emotionally and financially. As am currently speaking now the person who introduced me in to bitcoin is a trader, that have been damaged emotionally and financially all because he was trading bitcoin, now all the money he made from the trading has gone back to the market, and now his a deptor all in the name of trying to make quick money from bitcoin trading.
I Have never seeing anyone who said, I made huge amount of money from trading bitcoin, the testimonies I always see or hear is see the amount of money I made from my bitcoin investment.

Well op thanks for admitting and been honest about you not liking to trade BITCOIN, first i think you should alway understand this, that BITCOIN is mostly not meant to been trade for quick take profit sake but we most all understand the concept on digital assets, which is meant to be accumulate and kept for the future sake mostly the newbie in the crypto industry today fails to have an full knowledge of the different between alway buy BITCOIN in other to get quick profits..

But to me i feel for one to trade BITCOIN is something of choice and it depends on the preson or the investor. But still funny enough most people fails to understand the concept of how works

[$weetne$$]

Normally me I don't like trading bitcoin, yeah I know there are some benefits and profit making when a trader make correct decisions and react to the price Volatility while trading.But come to think of it why we someone who have seen bitcoin proving itself to be a store of value with potential returns, we still choose to be trading bitcoin rather than accumulating bitcoin and hold for a long period of time.

You might not like to trade Bitcoin but there are people who love to do it because they are profiting from trading Bitcoin. There are some traders that Altcoin does not work for them when they try to trade it because they can not analyze it with accuracy the way that they can analyze Bitcoin without making a mistake. Altcoins market is very volatile and more times very unpredicted than the Bitcoin market therefore some traders have avoided the altcoins market and focus on trading Bitcoin. Just because people are trading Bitcoin does not means that they are making a mistake because some people already have some Bitcoin that they are hodling and the ones that they are trading is just for making profits that will give them money to use for other things.

[CroverNo01]

Trading Bitcoin it's  very risky because you will most likely be in loss and besides it's more risky to trade Bitcoin than investing Bitcoin cause they are different aspects. When you invest for long term you'll definitely get profits as time goes on but  for trading you can't specify that more especially when you ain't very tactical and strategic. Come to think of it Bitcoin is a store of value and this is why accumulating it for long term usually yeild profits overtime tho sometimes it's good to take some level of risks you know, you can't tell the outcome later on.

We can do anything within our reach to maintain stabile in the market. Don't cry leaning on Bitcoin chart when you make a mistakes and it results to losses. We make mistakes and correct them when next we trade, this is progress and not refer to as failure. Before jumping into trading bitcoin, there are reasons to learn crypto the easy way or bitcoin will make it hard for you. Knowing what I mean when I mean the hard way? Losses are recorded and this can happen to anyone in the space. Trading bitcoin can be made easy and difficult at the same time, it all depends on the trading strategy applied. Bitcoin is very risky and advisable to understand the pressure it comes with trading it.

[harapan]

Normally me I don't like trading bitcoin, yeah I know there are some benefits and profit making when a trader make correct decisions and react to the price Volatility while trading.
But come to think of it why we someone who have seen bitcoin proving itself to be a store of value with potential returns, we still choose to be trading bitcoin rather than accumulating bitcoin and hold for a long period of time.
Bitcoin trading is something at everyone is suppose to avoid, forget about the phrase that's says bitcoin trading is high risk, high rewards, trading bitcoin can damage you emotionally and financially.

Everything has risks factors and as well advantage and disadvantages and again we all have different perceptions of things so what you think might not be what I think, which makes it that Bitcoin can be profitable to another and not be for you,besides Bitcoin is seen as a long term assets and knowing about all it's characteristics feature would give you a mind to trade or not. Therefore being experienced matters alot too.

[Adams0001]

Trading is definitely risky, not everyone can make profit from trading, but professional traders can make good profit from trading, but professional traders also face losses. So you may face losses if you trade as a newbie. If interested in trading, start with small amount. Now it is more profitable to hold long term than to trade in Bitcoin. Now that you have got an idea about Bitcoin from a trader, maybe he gave you an idea about trading. Now trading is not for everyone, but investing is for everyone. So my suggestion for you is, you buy bitcoin and hold long term, if you hold long term, you don't lose money.

Trading is a risky endeavor, but it is important for you to understand how to trade and which strategies you will employ so that you do not lose as much money as others have because they lack knowledge about it. Anyone can begin trading as a newbie, and skm has already become a professional, so all you need to do is gain experience, conduct more research, and find mentors who knows better than you. if you follow them you will get more experience about how they trade and get profit and know to used different strategies to get profit.

Just keep in mind that in trading you will most likely lose before you make a profit, because the market does not always go smoothly as you think sometimes, and even professionals lose from time to time; the difference is that they do not lose as much as rookie traders. Bitcoin investment is the only investment that will keep you active without losing a lot of money since it is distinct from other coins, and if you can be patient and leave it for a long time, you will make a lot of money as the market goes up. If trading does not work for you, I'm confident that investing can probably favour you and get something at of it.

[Doan9269]

Normally me I don't like trading bitcoin, yeah I know there are some benefits and profit making when a trader make correct decisions and react to the price Volatility while trading.

To ask further from here, do you now enjoy trading another cryptocurrencies or don't just buy the idea of trading bitcoin from what you just said, can you please clarify more on that.

But come to think of it why we someone who have seen bitcoin proving itself to be a store of value with potential returns, we still choose to be trading bitcoin rather than accumulating bitcoin and hold for a long period of time.

Yes, because they know what they have seen and are running after in doing so, what we all should learn too from this is to always go for what we know best and can do well and not what others are doing.

Bitcoin trading is something at everyone is suppose to avoid, forget about the phrase that's says bitcoin trading is high risk, high rewards, trading bitcoin can damage you emotionally and financially.

Why should everyone avoid trading bitcoin all because they don't want to be disturbed emotionally, no one plus forcing anybody into trading, you're using your own personal hard earned money to trade at your own risk, if you know about bitcoin, then trade it, if you can't trade, invest in it, same applies to any other coin we are considering, we need to have an idea about anything we are going for before starting to minimize the risk.

[348Judah]

I Have never seeing anyone who said, I made huge amount of money from trading bitcoin, the testimonies I always see or hear is see the amount of money I made from my bitcoin investment.

Don't be so capsulated by wrong impressions concerning trading bitcoin, I will tell you this frankly that bitcoin trading is the best ever to enjoy doing, because you're rest assured of getting to the close result of what you have speculated for , unlike other altcoins that you don't know their bearings, the more you trade the higher their risk, they only promise high returns, but we would have forgotten about the high risk involved also, try and trade anything without the knowledge of doing it, you will definitely fail, same applies to those that think bitcoin trading it not profitable, it's either they are inexperienced or they are running after making quick money from trading altcoins.

[Japinat]

I Have never seeing anyone who said, I made huge amount of money from trading bitcoin, the testimonies I always see or hear is see the amount of money I made from my bitcoin investment.

Well, what you have heard is true, but that only comes from the mouths of investors. But tried to ask some traders if they would say that if trading Bitcoin is profitable.

We may have often heard those words because most investors are just bold enough to tell the truth and have a way of encouraging people to invest as well. But generally, using Bitcoin, either for trading or investing, gives us a profit. And the question is, which way is more profitable? It will depend on the one who does it.

[Zigabel]

I will pay attention to the point where you mentioned that he was trading to make quick money,  making quick money shouldn't be the reason you ever go into trading,  if you are so desperate or see trading as an alleviation scheme for a lean wallet,  then you may suffer things such as the financial and emotional damage you have mentioned,  don't trading with such mindset as that alone in its self is a failed mindset already.

If you wannt to go into Bitcoin trading,  you should consider it as a business one in which you are in for the long term, that way you are going to have the emotional tolerance for the long run, because as a business you use a different approach away from the mindset you will use when you are trading to get some money to offset a debt or trying to get rich quick within a very short period of time.

[Asiska02]

I Have never seeing anyone who said, I made huge amount of money from trading bitcoin, the testimonies I always see or hear is see the amount of money I made from my bitcoin investment.

Trading bitcoin is not what you should be thinking of venturing into as a newbie, they should focus more on investing in bitcoin rather than just looking to make quick money from Bitcoin which in the real sense, bitcoin investment is not of such. Trading is another skill one can have in the crypto world than can make you money but although much risky than just holding on to bitcoin and watching your portfolio grows. Every etiquette of holding Bitcoin can also be applied to trading and the distinct difference between them is that trading is more risky than investing in bitcoin only.

[Mpamaegbu]

But come to think of it why we someone who have seen bitcoin proving itself to be a store of value with potential returns, we still choose to be trading bitcoin rather than accumulating bitcoin and hold for a long period of time.

If you're good at trading, you will understand why you should trade Bitcoin whenever an opportunity presents itself instead of just hodling it. It's because don't understand when to buy and when to take profit that makes them play safe by not trading it. If for instance anyone is sure that price will plummet from $98k to $70k, I'm sure they will sell. With such information, it's easy money to be made. No one throws away such an opportunity.

As am currently speaking now the person who introduced me in to bitcoin is a trader, that have been damaged emotionally and financially all because he was trading bitcoin...

No, he wasn't damaged "emotionally" or financially like you said because he traded Bitcoin. He was negatively affected because he lacked the proper set skills for trading. He would still have lost if he traded Forex or Stocks without proper skills for trading. Don't place your friend's misfortune on Bitcoin but on your friend.

[Botnake]

Bitcoin trading could be risky and dangerous, but let’s face the reality, majority of these traders are greedy and settle thinking that trading could offer more profits bigger than investing alone, that’s why they start risking their hard-earned money with trading. Unfortunately, not all of them have succeeded but there are certainly those who have excellent skills and make a good living out from trading.

Not all traders are good traders, but they can be good hodlers actually if they know the high potentials of hodling alone.

[DPHOR]

Bitcoin trading could be risky and dangerous, but let’s face the reality, majority of these traders are greedy and settle thinking that trading could offer more profits bigger than investing alone, that’s why they start risking their hard-earned money with trading. Unfortunately, not all of them have succeeded but there are certainly those who have excellent skills and make a good living out from trading.

Not all traders are good traders, but they can be good hodlers actually if they know the high potentials of hodling alone.

Of course there is a peace of mind holding Bitcoin than trading it, these including not losing any fraction of your Bitcoin and also there would be no tension on them, lastly they can sleep fine if they chose Long term investments over short term because with how market is reacting these days its important to hold for long than trading it. Lot of people believe on holding Bitcoin while those who needs urgent profit goes for quick trades to double their money with trading without knowing it's also a faster way of losing their hand earned money.

[MusaMohamed]

Of course there is a peace of mind holding Bitcoin than trading it, these including not losing any fraction of your Bitcoin and also there would be no tension on them, lastly they can sleep fine if they chose Long term investments over short term because with how market is reacting these days its important to hold for long than trading it. Lot of people believe on holding Bitcoin while those who needs urgent profit goes for quick trades to double their money with trading without knowing it's also a faster way of losing their hand earned money.

Choosing long term investment with Bitcoin rather than speculation in short term and trading is very good. Long term investment is safer and more possible profitable than short term speculation and trading, but it's not enough.

Next vital steps together with long term investment are
Choosing good wallets to use and store your bitcoin. Those wallets must be open source and non custodial.
https://bitcoin.org/en/choose-your-wallet

Practicing wallet backup and wallet recovery from backup.
How to backup a seed phrase?

[Peanutswar]

People want to trade with the bitcoin because of the volatility other than market of stocks and investment now if you are not yet prepared how does the buy and seller making a tag of war on the market. Still you can trade your coin with bitcoin into a longer time frame if you get overwhelmed but there are some others really want to use the volatility to make an fast flip of their positions. Now its up to you which path of trading you would like to try in bitcoin