QUIT "Trading", JUST HODL Bitcoin

[leonair]

Holding is a common theory in the crypto world, but even though we know about this theory, most of the time the focus on trading increases because quick profits can be obtained here. And our psychology always prefers to get something quick. However, I believe that the fruits of patience are always sweet. If you hold Bitcoin instead of trading with the plan to book a quick profit, then there is a sure profit there, but even knowing that, we get impatient and rush towards trading to get a quick profit. And that is why even though many people know about crypto, very few people get a good experience here who only hold.

[Coyster]

Greed is the topmost reason why even newbies rush to trading and expect to make instant profits,  for beginners.

I would not particularly put it down to greed as the reason why many people want to get into trading. I mean, there are a lot of people who genuinely want to be crypto/bitcoin traders and there is nothing inherently wrong in that. As long as they understand the risks involved in certain types of trading, like futures trading with high leverage for example, and they start by prioritizing risk management and starting off with spot trading, then that is a good approach.

[Finestream]

If trading means more losing and few winning, then there's no good reason to proceed into trading. You are only trying to compromise your peace and simple happiness if you decide to enter as risky and dangerous like trading.

But instead, focus on long term hodling. The profits may not be that fast and big enough, but if consistency applies, one may even acquire profits bigger than trading. Patience and consistency should be given high emphasis, without these, any bitcoin hodler will never succeed in the end.

[mirakal]

Trading is never a must, like everyone should enter trading because of its promising profits. But its certainly a choice, a choice not to enter trading and stick to hodling alone, or a choice to enter trading but on a more responsible manner.

However, just like your title says, quit trading, I don't think that's applicable for everyone. There are still traders who are motivated enough to pursue their trading career because they believe that they'll be future good and profitable traders, and hodling alone they don't see theirselves gain future satisfaction.

[gunhell16]

If we are only talking about Bitcoin, I think that at times like this, DCA is the best thing for us to do for this matter if you are not in a hurry, the type of investor in this field of the crypto space that we are in. Then there is no need to quit trading; as long as you are not comfortable trading, do not force yourself to do it.

Because it is still better for us to study it thoroughly while we are doing DCA for bitcoin, it is an effective method, and many people are doing it. Whether the person is rich or not,
as long as they believe in bitcoin, they are free to do this thing in reality.

[coinrifft]

If we are only talking about Bitcoin, I think that at times like this, DCA is the best thing for us to do for this matter if you are not in a hurry, the type of investor in this field of the crypto space that we are in. Then there is no need to quit trading; as long as you are not comfortable trading, do not force yourself to do it.

Right, if we can make money in trading then why not? And it could be that during the early days of Bitcoin, people thought that trading is the best way to earn money so they stick to it. They learn it the hard way, like technical analysis and what needs to be a good trader.

Because it is still better for us to study it thoroughly while we are doing DCA for bitcoin, it is an effective method, and many people are doing it. Whether the person is rich or not,
as long as they believe in bitcoin, they are free to do this thing in reality.

But recently, there is a surge of investors singing praises with HODL as the best strategy, including myself. I just think of that those who failed in trading, just decided to do and accumulate and be a HODLer which is nothing wrong with that.

[Makus]

We can all agree that trading is more difficult than holding Bitcoin but that doesn't mean that there are people that don't benefit from trading. There are different areas of trading as we all know, we have spot trading, scalping, swing trading and day trading. You cannot say that all these types are failing due to the state of the crypto market, as a strategic trader all you have to do is find what works for you and keep following it. Holding Bitcoin is also a good way to earn but this doesn't mean that everyone would like to do the same thing.