TRADING and LONG TERM HOLDING

[GPVibes]

Ladies and gentlemen, what other encounters have you had during your journey with bitcoin and what simple advice can you give when in situations like that?

My simple advise are, if you believe bitcoin is a get rich quick system, don't hodl because you will be disappointed. You can be unlucky to invest when bitcoin is already dropping and you get angry to sell below your buying price which is lose. And trading is surely a trap that if you enter you can get yourself to blame. Not many have succeeded with trading, to hodl bitcoin is better to trade because with hodling you can get something back even when the price drop but trading is losing everything to zero level.

[liasbaa]

Ladies and gentlemen, what other encounters have you had during your journey with bitcoin and what simple advice can you give when in situations like that?

My simple advise are, if you believe bitcoin is a get rich quick system, don't hodl because you will be disappointed. You can be unlucky to invest when bitcoin is already dropping and you get angry to sell below your buying price which is lose. And trading is surely a trap that if you enter you can get yourself to blame. Not many have succeeded with trading, to hodl bitcoin is better to trade because with hodling you can get something back even when the price drop but trading is losing everything to zero level.

Of course you should stay away from trading traps because you don't know what the price of Bitcoin will be tomorrow. But a positive prediction can be made and you can get high profits through long term investment. You need to have a belief in yourself that Bitcoin is not for getting rich quick because Bitcoin is volatile in terms of price. Just as it is not possible to accurately predict the future price, it would be right not to create a more risky situation by trading.

[Silikiem]

It is by far more better and more profitable to holding bitcoin for long term investment than to trade for a cheap profit if the reason you’re trading is because of the profit. You can’t compare someone who have accumulated a resonance amount of bitcoin over the years and held it and someone who just bought bitcoin now and sell, the difference is very clear. Apart from the time it takes to hold bitcoin, it is highly recommended that holding is more valuable than trading quickly, and it’s not just about trading, the question should be how many or how much of the bitcoin have you accumulated for such trade before you can be in a decent profit. It’s not about trading bitcoin, it’s about how much of the bitcoin stash you have in your portfolio will determine how big your profit will look like.

[Byebyebtc]

This is same as trading and investment
Such topic has been made here multiple times l, I think you should observe well before posting next time.

Meanwhile, trading and investment has risk's of their own, but I think it all depends on what you can handle personally,
Trading risk is higher, but money is faster
Investment risk is lower but money is slower
It all depends on what you can handle.