Investment Become Gambling

[L E G E N D A R Y]

One thing is to have interest in Bitcoin and the next to have a basic knowledge of what Bitcoin investment is all about and then try to figure out your discrestionary income because these are the things that will help anyone who is starting new because without a basic knowledge and your discretionary income, you cannot really understand how Bitcoin works. The feeling of selling off our Bitcoin or Investment is always as a result of someone not been interested in Bitcoin and in the long term. Note, our return in Bitcoin investment is not certain that is why we use our discretionary income to invest.

I believe the real problem here remains that a lot of new folks who come into bitcoin investment, often end up coming in with a major misconception about bitcoin, and this gives them the wrong mindset about bitcoin investment, and trust me, the moment that the mindset becomes wrong, every other thing that follows would automatically become wrong too, including the approach, strategy and expectations. So it's crucial to always try to first of all deal with the mindset before thinking of tackling any other sub issues.

[Cgrexp]

Trading is   risky. because it relies on short-term market fluctuations. And most people can't maintain consistency. Many people panic and sell. However, not everyone is impatient or afraid. Experienced and disciplined traders follow risk management. In long-term investing, short-term volatility reduces anxiety and allows for regular investment. For most people, taking a long-term view with DCA is more sustainable and realistic than short-term trading.

You are right trading is risky and even investing is risky but it just that trading risk is higher than holding. In trading if we don’t have the patience and endurance while trading then we are going to loss so much in trading and it has been of notice that many new traders lacks this attributes you mentioned and they do make silly mistakes and loss so much in trading. But investing doesn’t need us to get ourselves stress at all instead with just small knowledge we would invest and make it out with good returns. And the risk In investment is low but we still need patience with investing too.

Investing in Bitcoin by continuously buying and holding is the best approach for Bitcoin. Trading is becoming increasingly difficult, especially in a market like Bitcoin. So as we look back at the history of Bitcoin, we see that a 'buy and hold' strategy has worked quite well. And there will be rare instances where any trading strategy could beat the buy and hold strategy. Although historically, the odds have been against traders in Bitcoin and are likely to be against them in the future. Trading is a risky approach compared to an asset like Bitcoin. Although people can make a fortune even by adopting this risky approach.

[The Founding Titan]

One thing is to have interest in Bitcoin and the next to have a basic knowledge of what Bitcoin investment is all about and then try to figure out your discrestionary income because these are the things that will help anyone who is starting new because without a basic knowledge and your discretionary income, you cannot really understand how Bitcoin works. The feeling of selling off our Bitcoin or Investment is always as a result of someone not been interested in Bitcoin and in the long term. Note, our return in Bitcoin investment is not certain that is why we use our discretionary income to invest.

I believe the real problem here remains that a lot of new folks who come into bitcoin investment, often end up coming in with a major misconception about bitcoin, and this gives them the wrong mindset about bitcoin investment, and trust me, the moment that the mindset becomes wrong, every other thing that follows would automatically become wrong too, including the approach, strategy and expectations. So it's crucial to always try to first of all deal with the mindset before thinking of tackling any other sub issues.

Some people think it's a get rich quick scheme and once that expectation isn't met they dub it a scam and start spreading this misunderstood perspective like it's the real deal, if they had understood from the start that investing in bitcoin doesn't bring immediate profits then they would be better placed as investors, some don't even know to limit their investment to just their discretionary income and this still banks on them thinking they will be reaping profits very quickly so they are willing to invest outside their discretionary income out of their greed to get as much profit as they can in that short period of time.