TRADING and LONG TERM HOLDING

[Slimzeee]

My people, I greet una,

Today i say make i talk about few expectations and reality checks you should encounter when stepping into Bitcoin depending on the path you choose (Trading or Holding) and how to manage those expectations in real life.

First, let me be clear: I am not a financial advisor, a Bitcoin expert, or a psychology coach. I’m simply sharing observations that I believe may help someone guide their expectations and the possible emotions they will feel when they have invested in bitcoin.

Bitcoin attracts people for different reasons, but for most investors especially new investors, it usually comes down to two main paths when considering investing in bitcoin: holding bitcoin long-term or actively trading to make shorter term gains. In both cases, the goal is the same which is to make profit.
Yes, because Nobody invests hoping to lose money.
While there are other options like mining exist, holding or trading are the most common entry points.

TRADING
If you decide to trade, one thing matters more than anything else is understanding and gaining proper knowledge on how the market works, you must have understood the basics.
Then next comes emotional control because you will always be tempted by opportunities for quick gains.  My simple advice is this, try to let go of the desire for fast money. That doesn’t mean avoiding risk entirely, but it does mean taking the time to learn, build a strategy, and manage risk properly. Trading without knowledge or discipline usually leads to losses and that i can guarantee. There are many discussions about how to manage emotions already on this our naija board and i believe l some persons can help add them under this thread.


LONG TERM HOLDING
If you’ve decided that long-term holding is your path, consider investing in a structured and realistic WAYS OR Methods like Dollar-Cost Averaging (DCA), investing small amounts consistently using discretionary income can help reduce emotional stress and market timing mistakes.

Do not forget that Bitcoin's nature, prices rise and fall due to supply, demand, and not to your personal expectations or  sentiments, because there are times when you will feel it, by that i mean after you have seen the current wallet value of long your term holding reducing drastically, fever will want to hold you if you are not prepared mentally which is just part of the experience. That doesn't mean you’ve failed but Accepting this reality is a crucial step. The potential rewards can be significant, but only if you’re mentally prepared for the ups and downs that come with it.

No matter which path you choose, understand this: Bitcoin is not a get-rich-quick scheme. It rewards patience, discipline, and education. Take your time, invest only what you can afford to lose, and make decisions based on understanding not hype or fear.

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?

[CryptoGirl_200x]

Every thing you have said about both trading and holding bitcoin for the long term are all correct and very insightful especially to some of us who are just stating the bitcoin journey..
I don't know very much when it comes to buying bitcoin for short term selling for gains which we often refer to as trading, so I've always focus on buying and holding for the long term.
And to be honest, the recent crash in the price of bitcoin had me questioning myself if I actually made the right decision about investing in crypto, but across this your post really lifted my spirit and has assured me that I made no mistake indeed, if anything, I am now more encouraged to use this opportunity to acquire even more bitcoin.

[DiMarxist]

Both trading and long term holdings are good but what is most is knowing the risks that may be associated with any of the two. People always go for long term hodling because it's more safer the only problem with it is that, it doesn't guarantee short term gain as it's rewards patience with gain. Trading Bitcoin is more of an act which you have to perfect and learn very well because trading is one thing that involves understanding technical analysis.There is high probability of you losing money when trading because the risk factors associated with trading is high. In any of them that one may follow you have to master and understand it very well to afford regret and mistakes.

[Creeper0]

I will not advise anyone to enter the trade based on emotions. Even trade is not advisable, if a person wants to enter the trade, then he should enter the trade at his own risk and responsibility. Because there is a hundred percent chance of losing from the trade while learning the trade and even an experienced trader has the possibility of losing. Trade is very risky, so think at least ten times before entering the trade.

If you want to get the maximum output from Bitcoin, then start the journey towards long-term investment. Long-term investment is not risk-free, but there is much less risk than trade. To make long-term investment safer, adopt the DCA strategy and enter the investment wisely, do not forget to gain knowledge. I will always discourage advice on trading.

[Joy_learns_crypto]

Bitcoin attracts people for different reasons, but for most investors especially new investors, it usually comes down to two main paths when considering investing in bitcoin: holding bitcoin long-term or actively trading to make shorter term gains. In both cases, the goal is the same which is to make profit.
Yes, because Nobody invests hoping to lose money.
While there are other options like mining exist, holding or trading are the most common entry points.

It is not between actively trading and holding bitcoin for long term. New investors will not have to trade, investors will invest in bitcoin and it comes down to long term trading and short term trading.
Then traders will choose their own path like day trading and other pathways of trading.
As a new investor my pathway was not between trading and long term investing.

[Callido]

You are teaching a topic that has been discussed here a million times.

The repeated answers you will derive from the thread are support for long term holding.

Trading has the highest risk, long term holding is safer, make your choice.

[yixichloro2xx]

One thing that still hinders people progress in Bitcoin investment is their lack of being impatient. At times they will have a good plan, but emotional uncertainty will make them to be checking prices here and there, which will make them to start panicking unnecessarily and can make them make bad decisions. Another issue is mixing emergency money with Bitcoin money, which makes fear worse during dips. Investment is easy if you can put your focus on being discipline and patient. Now going to trading side which I am not a fan off, I see as the same level of gambling and a stressful path. Checking chart everytime is crazy. It's more risky than investment.

[icebar]

Traders may give importance to trading because those who trade get regular cash reward, but in the case of a holder, getting this opportunity is time-consuming. There are many who have learned trading for a long time but are not getting good results from trading, while some start trading without learning and are facing losses. From my point of view, I think it is better if you start trading after gaining knowledge about trading, but considering the risk, I think it is more profitable to be a long-term holder than to trade. In this way, an investor will get rid of human pressure and will be able to benefit in the long run.

[Odohu]

Me don try this two things so I fit chook mount inside the matter unto say experience dey. If you want to do well in Bitcoin, just avoid trading in the early years of your entry. Just put eye untop holding, make you for dey buy steady dey keep for secured wallet wey them no fit enter. trading make brain but e dey too risky such that on tinini mistake like this you don collect wetin no nice.

[Stable090]

If you Dey join crypto space, make u just know say no be place wey u go easily make money, some people no really Dey take there time to understand Wetin crypto Dey about, dem just Dey think say maybe if dem start to Dey trade, or them invest in bitcoin within short period of time dem go don get money, and na base on Wetin people Dey talk, na why dem Dey get that kin mindset.

If u wan Dey trade, make u know say e Dey very risky pass investment, and there is no way that you won’t be losing as a trader, make u know say u go take ur time to learn about trading, it’s really time consuming because u go Dey calm to analyze the market before u go enter the market.

If u Dey invest, before u go fit make better money, u go get patient because u go need hold d bitcoin for long term, if u hold for short time and u wan sell, no suprise say u go Dey lose that time wey u wan sell am, but if u fit hold for long, then u go make money if u wan sell.

[Mr_Brilliant$]

I may agree with you saying with the right knowledge, trading fit dey profitable, not doubting that..  If person really understand the market and manage risk well, e fit work..  But the truth be say trading dey very demanding, emotionally and mentally..  You dey always active, dey make decisions, and one small mistake fit cost you plenty.

Personally, I still feel say long term holding dey cooler. E reduce stress, reduce emotional pressure, and you no need dey monitor market every time. With a clear plan like DCA and money wey no affect your daily life, holding just dey more peaceful, and that peace of mind alone dey worth something..

[Obulis]

On seeing the heading, " trading and long-term holding , I felt it was going to be a kind of comparison. Then the click to see what the op got to offer but what is here is open talk about trading and long-term holding, these gives a clear standing to make your choice which to way to go, gain quick and gain in circles .

Op has hit something on the head by giving a clear standing as much as possible.
We all know how gain quick has with it painful reality which happens most often and how DCA strategy is a blend to gain in circles. However not as if the move to gain in circles is guaranteed.

[cocadalcan]

On seeing the heading, " trading and long-term holding , I felt it was going to be a kind of comparison. Then the click to see what the op got to offer but what is here is open talk about trading and long-term holding, these gives a clear standing to make your choice which to way to go, gain quick and gain in circles .

Op has hit something on the head by giving a clear standing as much as possible.
We all know how gain quick has with it painful reality which happens most often and how DCA strategy is a blend to gain in circles. However not as if the move to gain in circles is guaranteed.

You need to be patient to break the cycle of quick profits, this is the key to long term investing. Although our expectations from trading are very high you have to accept this reality that trading is not for everyone. But long term investing is for everyone. Poverty or low income can create a suitable environment for investment, but for trading you need to allocate sufficient funds and the level of risk will be much higher. Having a discretionary income will make it eligible for investment.

[Saltysugar99]

Holding or investing for a long time is much more profitable and has a higher profit potential than trading. Investing for a long time reduces the risk a lot. And the longer Bitcoin can be HODL, the more profit there is. And no matter how much you learn about trading, no one can accurately predict the price of Bitcoin in the short term. Below I am giving the chart of Annualized Rolling Returns. By looking at it, you will understand that Bitcoin has given several times more profit every year. Especially if someone invests regularly for 4 years or more, it is possible to get much more profit.

https://www.lazyportfolioetf.com/etf/bitcoin-rolling-returns

[Jubilee58]

Trading Bitcoin daily is more risky compared to hold, trading requires certain skills in other to become a successful trader and being a successful trader does not eliminate losses and very stressful and time consuming. Most of the Bitcoin successful investors are long term hodlers, they do not panick with their bitcoin investment and remain patience till the right time to sell. Bitcoin holding remains the best method of bitcoin investment because it eliminates many errors while being patient with your investment like emotional stress, fear and greed etc.

[AGogi2003]

I may agree with you saying with the right knowledge, trading fit dey profitable, not doubting that..  If person really understand the market and manage risk well, e fit work..  But the truth be say trading dey very demanding, emotionally and mentally..  You dey always active, dey make decisions, and one small mistake fit cost you plenty.

Personally, I still feel say long term holding dey cooler. E reduce stress, reduce emotional pressure, and you no need dey monitor market every time. With a clear plan like DCA and money wey no affect your daily life, holding just dey more peaceful, and that peace of mind alone dey worth something..

If you can understand the market very well you will be profitable in the market even is not always but he will favour you most that understand it better, trading is not a simple task you need to be patient enough if you want to be successful in trading and you need to put in mind that everything is all about risk and you should always put what you can afford to lose because trading is different from investment, bitcoin investment can make you get profit if you invest for the long term no matter what, if you put in mind that you need to invest for long 8 to 10 years you can be in a good profit in bitcoin, but all of it you need to be a patient investors that can always be patient in any challenges comes.

If you're someone that need fast money you need to focus on trading and if you prefer long term benefits then you focus on holding and I can says that holding have more guarantees of getting profits then trading.

[Cryptoprincess101]

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?

Nothing much, just invest what you can afford to lose whether you are an investor or a trader because both still involves risks even though the risk of an investor is lesser compared to a trader. Bitcoin is an asset that is valuable such that it has the potentials to become more valued in the future so anyone who is dealing with bitcoin is supposed to have a foresight and know that this is an asset that will give you more money in the future when you hold it for a longer period of time instead of chasing small gains in the name of trading it.

[Pikiboy]

Trading which is short term investment is not actually advisable for the new users or new investors and have not understand the system very,you know in short term investment one have to understand how it works before embarking and keep emotions outside because  every thing negative either positive is possible ,this means that if an investor doesn't understand it rules on how it works you cannot make profits, but if he/she understood on how it works your investment will be profitable, moreover the key points you outline is educative and teachable both short term and long term, but as for me I,believe in where my emotions can be control which is long term holding,it safe but required more patience but among all long term investment is the best.

[Pablo-wood]

Trading isn't a path for someone who is extremely busy or someone who has so much responsibility to tackle. It's a profession for a calm, emotionally intelligent and patient person. Holding might be demanding too but not as trading. It takes so much to succeed a trader especially when there is no proper knowledge and the environment seems to be extremely demanding either as an employee or a business owner. I won't advise people into trading but if they must go into it then they should be willing to put all other distractions aside.

[AmaGold70]

You highlighted on major points here, but first of all as a Bitcoin investor or even as a newbie, you should make your decision clear weather you are going for trading or long time hodl, and your approach would depend on the type of investment you have chosen. If you have chosen trading, ensure you are a good trader before you can succeed and if you choose hodling you have to invest with patience and ignore market price volatility and fluctuations. Both trading and hodling can be profitable but as a beginner, and for easy investing, I recommend holding since it involves less stress and less experience unlike trading.