QUIT "Trading", JUST HODL Bitcoin

[Wiwo]

I personally will not advise newbies to go into trading since they have no knowledge of trading or skills, and even their emotions are not built up for that yet, this can only lead them to accumulate losses that will blow up their accounts.

What I most often prefer is for one to first learn, gain knowledge and confidence before venturing into trading with a very small amount of money at first and learn to manage their risks and losses.

Traders are losing but not everyone is losing at least OG traders already know how to take a good step and minimise their risk to stay ahead of the market.

[Vaculin]

Honestly, I don't know why anyone that wants to pile up wealth for himself in future through bitcoin will jump into trading when we know that trading puts you into losses consistently in the long run because no one can predict the next price movement of bitcoin. They feel because the chart is there but at the end their technical analysis disappoints them and they will put the blame on someone for their losses.


Newbies should ignore trading and put more time into bitcoin long-term investment so that, they wouldn't be wasting their time, resources and energy trading for nothing.

Greed is the topmost reason why even newbies rush to trading and expect to make instant profits, when we all know trading is always risky that's why most of the traders are just losing. Add to it are the social media influencers that are influencing the people to enter trading and create huge promises so that people will definitely fall on their traps.

So we can't blame them why they are into trading, no matter how risky it is especially for beginners.

[jossiel]

Most newbies will not listen to anybody that holding is more profitable than day trading.

They'll might even mock someone who tells them that and asks them what they can provide to show them that it's actually more profitable.

We can speak for ourselves and we've proven ourselves that it is. And then, there's no need to justify that to them if they won't listen and simply ignore us, so we do the same to them and that's to ignore too.

[Odusko]

Trading isn't just a money drain, it's a time drain. All those hours staring at charts, reading analysis, managing positions. Meanwhile, the HODLer set up a DCA three years ago and hasn't thought about it since.

Trading burn both your time and money, just like gambling does, if you want to get a stable financial life, you should take trading as a leisure activity, but with no fun on sight, this is what make gambling to be different from trading, at least we have fun playing gambling games, but same can not be say about trading there is no fun there only loses.

[Fivestar4everMVP]

Trading isn't just a money drain, it's a time drain. All those hours staring at charts, reading analysis, managing positions. Meanwhile, the HODLer set up a DCA three years ago and hasn't thought about it since.

Trading burn both your time and money, just like gambling does, if you want to get a stable financial life, you should take trading as a leisure activity, but with no fun on sight, this is what make gambling to be different from trading, at least we have fun playing gambling games, but same can not be say about trading there is no fun there only loses.

Trading is definitely fun if it's something one really loves doing, like if one has that natural passion for trading, it's fun even though it's a serious business that could involve a large sum of money which the trader will be trying not to lose but to make gains to add to it..

But all the same, I very much agree with what the both of you said about trading being an activity that burns not only money but time as well, this is true but unfortunately, people with short sightedness won't see or believe this fact because to them, they may be trading and making what they consider as good profit.
For this type of people, only when they will possibly realize that they are gradually losing money is when the trade the spot market, maybe they come back to a token they bought some weeks back and realize that the amount they sold same token for can no longer buy the same number of tokens they bought before, and can not buyer higher numbers either but lower.

[LogitechMouse]

Honestly, I don't know why anyone that wants to pile up wealth for himself in future through bitcoin will jump into trading when we know that trading puts you into losses consistently in the long run because no one can predict the next price movement of bitcoin. They feel because the chart is there but at the end their technical analysis disappoints them and they will put the blame on someone for their losses.


Newbies should ignore trading and put more time into bitcoin long-term investment so that, they wouldn't be wasting their time, resources and energy trading for nothing.

I don't think that recommending newbies to ignore trading is a good idea. I mean those professional traders out there started as newbies when they're starting. Why would you prohibit newbies from trading?

Yes, there's a huge risk in trading, and there's a huge chance that you will lose your money, and while it's inevitable, we can mitigate or lessen our losses as we learn more about trading. I know that trading is risky because I've been trading as well, but I will say that it will take time for somebody to be profitable in trading. It's a skill that requires time and money to learn. I don't also know why most here don't want the newbies to try trading. Let them try it, and let them decide for themselves if they really want to continue or not. I'm not saying this because I'm trading, but I'm saying this because I still want other people to experience how to trade. Let them decide for themselves, not you deciding for them.

If they want to pursue trading, they must know the consequences of it. Yes, only a few percentage of traders are becoming profitable, but that must not stop us. If somebody wants to learn trading, let them experience for themselves. Well, I'm not saying that trading is a must-try for newbies. I'm just saying that if they want to try it then let them try it. Buying and holding is still the best recommendation for newbies if they want to do it.

[hd49728]

I don't think that recommending newbies to ignore trading is a good idea. I mean those professional traders out there started as newbies when they're starting. Why would you prohibit newbies from trading?

It's not prohibition against newbies to trading in this market. They're welcome and even if you want to prohibit them, you can not do that.

It's only a reminder to newbies about risk of trading in the market, to guide them to a safer and more profitable way in the market as investment first will be a better choice for newbies. With investment, even if they bought high, they can still hold their coins, and wait for higher highs to get profit. It's not like with trading, especially with margin trading and futures trading, they can not hold their positions for too long time as funding fees will become bigger with time, and there is high risk of liquidations too.

By investment first, they will gain experience in the market and with time, they can understand the market better, get many psychological test that will be helpful and important for their trading later.

[Bobrox]

Trading burn both your time and money, just like gambling does, if you want to get a stable financial life, you should take trading as a leisure activity, but with no fun on sight, this is what make gambling to be different from trading, at least we have fun playing gambling games, but same can not be say about trading there is no fun there only loses.

If you manager risk well trading not burn your money and your time because earn profitable, wrong mindset about trading has the same way with gambling although many people loss their money trough trading but its own mistake without make research and minimalize risk from trading. In gambling purely about luckiness and you don't need to research or not space yet for minimalize risk but in gambling you can set up management risk and probably if you entry at the market on the right moment you don't burn yet your money and your time.
About OP topic quit trading just hold bitcoin is good ideas but not all trader have target with trading for long term, several trader want to earn profitable in short term and trading in altcoin is faster way to earn profit but need to set up risk management.

[JeffBrad12]

Do whatever works for you. If you're making profit with trading, why not? the market won't be as active without trader.
If you suck at it after few years, then just give up and hold bitcoin.

What i find the most effective is trading once in a while and go full hold with bitcoin, you'd easily figure out the best entry that way since you have the knowledge of trading, basically finding the potential bottom and tops.

[Wind_FURY]

Even though this isn't  about the new traders,the system itself  is manipulating new traders into believing they can become rich like a random guy they are seeing on social media flexing  by just trading alone in few weeks or months and magically  becoming a millionaire .  

We have a lot of rug pullers calling them selfs trader while some are just totally gambling , I believe  they also add to this list. At the end, nothing beats holding anyway.

Those people in Instagram or X are most probably rich because of the massive engagement that plebs give them, NOT necessarily because they actually made millions in profit from "trading".

Plus the actual traders who TRULY made millions won't be bothered "flexing" their wealth. They are busy improving their trading systems. -> That's why they're rich.

[GreatArkansas]

Even though this isn't  about the new traders,the system itself  is manipulating new traders into believing they can become rich like a random guy they are seeing on social media flexing  by just trading alone in few weeks or months and magically  becoming a millionaire . 
We have a lot of rug pullers calling them selfs trader while some are just totally gambling , I believe  they also add to this list. At the end, nothing beats holding anyway.

Yeah, not only rug pullers but also you can include so-called "influencers" where they just tend to lure traders, especially the new ones, where their goal is to spread their affiliate links or promote some exchanges, or worst case, are promoting random projects that are commonly scams.

So, for me, this is very popular right now; most people are just hyping online, sharing some screenshots of their trades (successful ones or edited) and telling all the sweet words about them being successful traders.

[jaberwock]

I do understand this, and I do this mostly as well but that doesn't mean "everyone" should stop trading. The point should be that people who do not make enough money from trading and do not know much about trading then should end up with a long term holding instead and would be better for them.

I know that's not what people want to hear but if you are bad at it then it would be smarter to just focus on ordinary long term holding instead. If you could do that then you are going to get a lot better returns. Trading is tough, leave it to people who know how to make money from that.

[Y3shot]

Trading is still worth it, and profit can still be made from it, but one thing you need to ask yourself is what you really want. If you really want to go into trading, you need to make up your mind to know that you really need to have a solid understanding of trading and be ready to learn. If you are not prepared for all this, the outcome you will get from trading may lead you to see it as something that is not worth investing in.

It is impossible to enter trading with the mindset of making profits if you are not ready to go through the learning process. If you don't have time to put in the effort to gain understanding in trading, then there is no need to trade; it is just better to hold Bitcoin, as this requires much less effort to learn. The reason we make mistakes is that we enter things we don’t understand while being very desperate to make a profit from them.

[Razmirraz]

I'm posting the link for this blog without further comment.

 

90% of Day Traders Lose Money — Here’s the Brutal Truth Nobody Tells You

The Numbers Don’t Lie (But People Do)

Different studies show failure rates between 80–95%, but here’s what’s really happening:

The 6-Month Reality Check: Most new traders blow their accounts within six months. Not break even — completely lose their capital.

The 5-Year Survival Test: Less than 5% of day traders are still actively trading (and profitable) after five years.
What “Failure” Actually Means: We’re not talking about having one bad month. We’re talking about losing money consistently until there’s nothing left to trade with.

But here’s the part that hurts: these statistics include people who took courses, followed “proven” systems, and bought expensive software. Education alone isn’t enough.

https://robert-rother.medium.com/90-of-day-traders-lose-money-heres-the-brutal-truth-nobody-tells-you-19533a4b5b43

The statistics may seem brutal, but it's no joke because most traders prefer to remain silent when they lose money. I think traders need to make a breakthrough to avoid such a fate, they need to have a specific strategy or a more mature plan for risk management.

In my opinion, trading is the most attractive trap, but in the end this method is more about luck than skill. While those who focus more on Hold don't have to worry about daily price movements because they are based on a solid strategy, they also fully believe in Bitcoin's potential which tends to increase in value in the long term.
Here, I would like to advise beginners to focus more on long-term investments because they are more productive and don't waste energy like trading, which requires monitoring market movements every day.

[Eternad]

Honestly, I don't know why anyone that wants to pile up wealth for himself in future through bitcoin will jump into trading when we know that trading puts you into losses consistently in the long run because no one can predict the next price movement of bitcoin. They feel because the chart is there but at the end their technical analysis disappoints them and they will put the blame on someone for their losses.

Newbies should ignore trading and put more time into bitcoin long-term investment so that, they wouldn't be wasting their time, resources and energy trading for nothing.

Because some user was attracted to Bitcoin due to the big gains that recorded in the past due to volatility while exchange highlights future trading that has high leverage which undermines newbie curiosity and greediness.

The problem is the way newbie was encouraged to Bitcoin since user preach Bitcoin high profit feature only that makes Newbie hype and interested more on trading rather than the basic method which is holding.

Holding gives me a lot of profit in the past and save me to selling on much lower price for a small profit.

[jcojci]

The numbers don't lie but if they still trading, we can't say anything because that is their choice. Let them trade, see how far they can and how good trading gives them profits. If they just followed "proven" systems without learning more, they will be difficult improving their skills. They just rely on one source and not trying to dig on other sources which can gives them more knowledge.

Trading is not just about making profit but more than that. You need to manage your funds, time to trade, analysis, self control and others. Being a trader is not easy since that needs more learning to be a pro traders.

[cryptoaddictchie]

Thats why I never be an active day trader. Yes its really risky and profitable however it really needs skills that you must learn and be consistent with it. I learned basics and the concept but Im only applying it as a seasoned scalper especially when I like the coins and tokens. I usually based my assesment on its fundamental ofcourse also considering the tokenomics and tradings perspective but thats for traders.

Holding on the other hand, is really the safest bet. Thats proven with bitcoin users who trust it.

[Awaklara]

Newbies should ignore trading and put more time into bitcoin long-term investment so that, they wouldn't be wasting their time, resources and energy trading for nothing.

I think there are more beginners who are interested in trading than in investing in Bitcoin. This is not the result of research or anything, just the experience of meeting a few beginners who happen to be more interested in trading than in investing in Bitcoin.
Because there is an interest, they find out, study, and try trading. When they lose and can't make anything from trading, naturally they will leave trading. Maybe they look for other ways, like investing in Bitcoin, or completely leave this industry.

[ndutndut]

Trading isn't just a money drain, it's a time drain. All those hours staring at charts, reading analysis, managing positions. Meanwhile, the HODLer set up a DCA three years ago and hasn't thought about it since.

Trading burn both your time and money, just like gambling does, if you want to get a stable financial life, you should take trading as a leisure activity, but with no fun on sight, this is what make gambling to be different from trading, at least we have fun playing gambling games, but same can not be say about trading there is no fun there only loses.

So you're saying gambling is better than trading because gambling is fun, but trading isn't. This seems wrong there are so many successful people in trading even though it's enjoyable for them.

You shouldn't generalize. It's true that beginners in trading won't experience any enjoyment because they'll only experience losses. But experienced traders will have different results. Trading is indeed high-risk, especially for beginners who lack analytical skills. Those without sufficient knowledge should buy Bitcoin and hold it for the long term.

[Oluwa-btc]

The 5-Year Survival Test: Less than 5% of day traders are still actively trading (and profitable) after five years.
What “Failure” Actually Means: We’re not talking about having one bad month. We’re talking about losing money consistently until there’s nothing left to trade with.

It's certain that trading is risky while profitable but you need to have that in mind that the ratio of positive results while trading compared to hodling or investing in Bitcoin differs in alot ways, just like putting in capital to start up a business relaying it to trading you'll get quite or the slightest chances of recovering that capital whereas holding Bitcoin for kongterm that guarantee you something more than that.