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.

[Minor Miner]

I think just because we cannot make money from trading and losing, it does not mean everyone else will have the same outcome. We need to understand that everyone abilities are different, and we should not impose our way of thinking on other.

It is undeniable that trading is riskier than long term investing, but that does not mean no one has ever made a profit from it. Think about this: if most traders were losing money, the trading market would not be as vibrant as it is today and might not have survived until now.

So, if someone want to trade, they can try and if they make a profit from it, there is no reason to quit

[Peanutswar]

People wanted to get a ride with the market volatiliy and they've seen the opportunity in crypto but they didnt think that its not just all about predicting the market price of the coin but also need to consider the current stand, technical analysis, pyschological patter, and etc because its all about how does the whole market works to identify what are the possible movement of the market, again its just a possibility and not accurancy of predicting the market result. So for those people who dont want to get stress and wanted to trade but they dont want to watch the market all day hodling is the best and even now such me I do keep holding my coins for a long term because I knew the potential of the bitcoin for the next market cycle.

[tvplus006]

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)

There is nothing new in these studies, and almost every trader knows about the high risk of trading. But everyone hopes to see themselves among those 10% of successful traders, as this entails a good profit, but at the same time they forget that without knowledge and experience it is impossible to get such a result.

[so98nn]

But trading also gives us assurance of lively money. If you just happen to book the profits now and then, we can at least keep the routine going on. With Bitcoin that I earned from this very Forum and outside ways, I always stored them but definitely sold whenever I saw price hike because it helped me to sustain my financial activties.

I learned this long ago not to stick around "far too long". Yes, you HODL, but these days you need to have that thin line and understand when to sell at right time.  It really helps.

Trading, OR HODL both helps but you have to be alert on the profits that you want to book

[puloweh555]

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)

There is nothing new in these studies, and almost every trader knows about the high risk of trading. But everyone hopes to see themselves among those 10% of successful traders, as this entails a good profit, but at the same time they forget that without knowledge and experience it is impossible to get such a result.

I agree with you. Trading isn't inherently bad as long as you have the knowledge and experience to succeed. Admittedly, trading has caused many losses, especially for beginners without adequate knowledge who confidently trade. It's similar to gambling many people lose, but a small percentage also succeed.

But between both trading and investing the best choice is to invest in assets with sound fundamentals that can be held for the long term. Essentially, both can be profitable, but it all depends on your skills and experience.

[Sandra_hakeem]

I have been in this industry for almost 10 years, currently I am still trading and I will say I can still make a profit until this second.

Well, most people here are not actually traders; they are still part of the beginners. They thought no one was making profit in trading.
The whole point of this is for newbies; those who post above have a negative mindset about trading. They are still part of the beginners who do not have much knowledge about trading, or they don't actually analyze the chart.

This is what I've always suspected. There's no way one would claim to be a pro trader, but make comments like what we normally see in here. It's either they tried and crashed so hard that they now assume nobody's making anything off of it, or they just raise these argument to inflict their post count.

I can’t wrap my head around people who decide to trade. Admittedly, most of them are lured by the profits that can be made in a relatively short time, sometimes in just a few hours if they’re the scalping type. But the funny thing is, not everyone understands the risks, they’re only focused on the quick profits they might make.

True. It shows in the OP. There's a huge difference between a trader and someone who just decides to trade. Just because we're doing the same thing, doesn't mean we'll get the same outcome.

[IjawMan]

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.

Moat people that trade thinks HODLing bitcoin and doing the accumulation thing is boring and trading is more active with that fast promising returns. It is truly a psychological matter and humans are more eager for quick gratification than waiting on the delayed even when it is where the big returns and less risk lies.

I have been trading and have as well made a little HODLings with the sats am able to accumulate gradually and going by hoth I will at any point recommend Bitcoin HODLing over trading in the quest of sure chance of returns.

[RockBell]

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.

 Anyone can be a holder  and that is why it is not difficult to buy and sell I think one of the easiest things to do is buy and hold and when you want quick gains,  then trading is just the best for that but when it comes to trading you have to learn because when you don't have the right knowledge there is no way you can trade when you don't know how to read chart and do other market analysis that is what the whole trading is all about so you have to make sure you are getting right so that you don't waste your money because trading depends on all does things you need to be extremely prepared before you start trading.

[BitMaxz]

This is what I've always suspected. There's no way one would claim to be a pro trader, but make comments like what we normally see in here. It's either they tried and crashed so hard that they now assume nobody's making anything off of it, or they just raise these argument to inflict their post count.

Well, there are some pro traders, but even pro traders are claiming that they are not pros because they always study the market but these people on the previous page are claiming that no one is making profit in trading. The fact is, newbies or those who don't have much knowledge about trading are the one who don't make any profit because there's no shortcut in trading; you need to study and learn from the market, not from the analysis of others, because we have different ways to analyze the market, but in the end the result is similar to pro traders' analysis.
I hope more real traders come from this section who know more about technical analysis, not just a random guy who has a negative mindset about trading.

[Big Dirams]

This is what I've always suspected. There's no way one would claim to be a pro trader, but make comments like what we normally see in here. It's either they tried and crashed so hard that they now assume nobody's making anything off of it, or they just raise these argument to inflict their post count.

Well, there are some pro traders, but even pro traders are claiming that they are not pros because they always study the market but these people on the previous page are claiming that no one is making profit in trading. The fact is, newbies or those who don't have much knowledge about trading are the one who don't make any profit because there's no shortcut in trading; you need to study and learn from the market, not from the analysis of others, because we have different ways to analyze the market, but in the end the result is similar to pro traders' analysis.
I hope more real traders come from this section who know more about technical analysis, not just a random guy who has a negative mindset about trading.

True talk though, even pro traders keeps on the consistency in learning because the market is so broad and wide that we can’t get to learn or understand the market fully even at times the market goes sideways both for professional traders. There is just a simple facts about trading, knowledge is what determines our journey either being successful or failure and other factors do implies too but knowledge is what lay the foundation and the more a trader is knowledgeable then it easier for such trader to make inform decisions and make good profits from the market. 
Trading is quite profitable when we have the right mindset and give it the perfect mindset, commitment and dedication it deserves. Trading rewards those that are willing to give it all and sacrifice the actual price for it despite there are drawbacks  and challenges they will always find a positive outcome for the situation.

[Hypnosis00]

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.

For now, newbies should stay away from trading first while they are still in the process of acquiring sufficient knowledge and skills that will make them capable in their future trades. But once they think they are now totally equipped, hence there's no reason to stop or discourage them.

We should not forget that successful traders these days have been also trading from scratch in the past. But instead of getting fearful due to the risky nature of trading, they become more passionate to learn from all their mistakes and losses.

However, its still best to enter trading when you know already the timing is right, so you can prevent from making more mistakes, and continue to maximize your trading potentials.