QUIT "Trading", JUST HODL Bitcoin

[lizarder]

I personally agree with this link because 90% of day traders lose money because they don't understand trading well and if they continue trading, they will lose even more money. When we realize that trading isn't suitable for everyone with a much higher percentage of failures, it's better to consider investing. This way, we can avoid much greater losses. If we want to trade, we should learn more about trading skills.

Some might say not all, but I believe almost 90% of day traders lose money and this happens because of the assumption that futures trading is about making quick profits with mediocre trading skills. I personally may have fallen into this category before, so I no longer force myself to trade every day because my abilities are limited.

[Danica22]

I personally agree with this link because 90% of day traders lose money because they don't understand trading well and if they continue trading, they will lose even more money. When we realize that trading isn't suitable for everyone with a much higher percentage of failures, it's better to consider investing. This way, we can avoid much greater losses. If we want to trade, we should learn more about trading skills.

Some might say not all, but I believe almost 90% of day traders lose money and this happens because of the assumption that futures trading is about making quick profits with mediocre trading skills. I personally may have fallen into this category before, so I no longer force myself to trade every day because my abilities are limited.

90% or 97%, sometimes those are just modest number. I could be wrong, but I even think that no one truly makes profits from trading. And stories about someone making money from futures or leveraged trading are just a form of advertising.

Most of us have been or are currently day traders, but it is clear that none of us have made a profit from it. We all experience losses, and this is likely true for the rest of the traders in the market as well.

[solus_factor]

I don't understand why people trade manually when bots exist?.. Do they just want to play a game, like in a casino?

You have to spend your time glued to the screen and be super disciplined to be successful. Why? The thrill of the ride?

[Wind_FURY]

Trading is a means to earn in the cryptocurrency industry and likewise holding, but there are clear differences between the two:

While day trading requirements high level of skills,
Holding does not. This is why many people will prefer hodling because they have nothing to do other than to wait after buying until the price is high or there is a new ATH.

I believe that there are more plebs like us who currently prefer to trade, especially with some amount of leverage, because they think that they could build their wealth faster by walking through that path. But the risk is simply high. It's better to HODL and see your money still there after five years, than "trading" and losing it in five weeks.

I do not encourage everyone to quit trading, you should only quit trading if you don't profit from it. Trading is not for everyone, if you try it and fail, please stop. But if you have found some methods to profit from trading, please keep repeating it without being greedy. A few dollars daily makes a huge difference on the long run.

  

I personally agree with this link because 90% of day traders lose money because they don't understand trading well and if they continue trading, they will lose even more money. When we realize that trading isn't suitable for everyone with a much higher percentage of failures, it's better to consider investing. This way, we can avoid much greater losses. If we want to trade, we should learn more about trading skills.

Some might say not all, but I believe almost 90% of day traders lose money and this happens because of the assumption that futures trading is about making quick profits with mediocre trading skills. I personally may have fallen into this category before, so I no longer force myself to trade every day because my abilities are limited.

Did you actually read the blog? The blog SAYS that the data shows that plebs STILL LOSE money even if they tried to learn how to trade properly.

[shawonngp]

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.

This is very much true that majority lose money in trading. Its important to figure out yourself that whether you can handle wild fire of trading or not, the early you figure this out better it is for you. I don't do trading because I have figured it out that I can't handle it and that's the reason why I switched to hassle free strategy i.e. long term investment. There are traders who are getting good return from trading but they are very few in numbers. Make your decision wisely on whether to go for trading or long term investment because in the end its the individual who will bear the loss.

Trading is a very risky platform, it is not easy to make money from a trading platform. It is very difficult to make money from a trading platform. Those who trade with speculation on a trading platform lose their money most of the time. I am like you, I always stay away from trading platforms because when I know nothing about trading, when I have to trade with speculation, trading becomes very risky for me, in short, it becomes like gambling because I do not know much about trading. The number of traders who get good returns from a trading platform is really very few because not everyone can analyze the trading platform well and is not experienced. However, it is always better to go ahead with the investment and invest for the long term.

Trading is very risky and hard work, I agree with you, but you can't compare trading with gambling; of course, both are different, but for those who don't have any minimum idea about trading, trading is like gambling, because they trade without understanding and keep losing continuously; it's their lack of crypto knowledge. Still, those who do extensive research on trading can earn a good income even late; trading is a passive income source, and many traders depend on it to make a living. There is no reason to fear trading so much. It is definitely possible to profit from it if you have sufficient knowledge and follow the strategies.

[lizarder]

90% or 97%, sometimes those are just modest number. I could be wrong, but I even think that no one truly makes profits from trading. And stories about someone making money from futures or leveraged trading are just a form of advertising.

Most of us have been or are currently day traders, but it is clear that none of us have made a profit from it. We all experience losses, and this is likely true for the rest of the traders in the market as well.

Only 1% of people are successful in trading, especially those involved in futures trading and that figure may be reasonable when compared to the overall level of involvement in it. Many people are trapped by conditions they can't analyze and this is exacerbated by some people selling trading classes on their social media platforms. This phenomenon actually occurs in my environment and most of them lose more money because they don't understand trading properly.

That's why I limit myself to day trading because I'm quite doubtful about the quality and ability of my trading, even though I learned to trade with the intention of improving my skills. Regardless of whether the percentage figures are correct or not, I see many people actually losing money when involved in day trading.

[Findingnemo]

I have been trading since the very beginning of 2018 and still the day I do but yeah it is not profitable as used to be and almost I am a HODLer now, just do p2p traders for the regular users who often trades with me since the beginning and make a little profit. Newbies should strictly avoid the day trading because it looks olike they are making good money and then the next day they are down 50% and then they have to recover so at the end it will be nothing profits or the worst case they lose their capital completely.

[Stable090]

I don't understand why people trade manually when bots exist?.. Do they just want to play a game, like in a casino?

So you mean you trust bots over yourself? I feel people that are making use of bots to trade are just so lazy, and they are looking for easy ways to make money. If bots really work the way you say it, then all traders are going to be making use of bots and they not going to be losing from trading again, but for people not to be making use of it so much, then you should know there is something wrong.

If you want to trade, then learn how to trade yourself, do your analysis and enter the market, depending on all this bots doesn’t make much sense. At the beginning you might be making money, but in the long run, things might not really go well for you. If you can learn how to trade, you have the knowledge already, you can decide to teach people also so the knowledge will be useful to you and people around you.

[solus_factor]

So you mean you trust bots over yourself? I feel people that are making use of bots to trade are just so lazy, and they are looking for easy ways to make money. If bots really work the way you say it, then all traders are going to be making use of bots and they not going to be losing from trading again, but for people not to be making use of it so much, then you should know there is something wrong. 

People are stupid. They think they can trade better than a bot, even a simplest grid bot, but no. Something like 98% of all traders lose money.

So yeah, I would trust a bot much more than any human trader. If you think drawing lines on a chart is a better strategy - go ahead, try making money that way, see how it goes.  As you said: "At the beginning you might be making money, but in the long run, things might not really go well for you."

[Asuspawer09]

Completely agree with you on this, I learned the hard way on trading, people just need to realize that trading is not for everyone, only a few people is gonna be on top and earn.

I guess this is just because people dont really wanted to invest, they were just addicted to the wrong kind of investment the quick investment, this is probably why gambling was really popular today, we can already see a surge of accounts on gambling, similar to future trading or leverage tradings, it is just because this are all quick money, you lose quickly but at the same time you could easily earn quickly here. That is the problem today because investors are not patient anymore. Investors have already forgotten that investing is supposed to take a long time, it is supposed to be boring.

It's already a good thing since we have the opportunity to invest in crypto, compared to other assets that could take an even longer time, the volatility of crypto makes it even faster to take profit every cycle, just doing spot trading is the safest investment on crypto.

[solus_factor]

I guess this is just because people dont really wanted to invest, they were just addicted to the wrong kind of investment the quick investment, this is probably why gambling was really popular today, we can already see a surge of accounts on gambling, similar to future trading or leverage tradings,

Yep, it seems "trading" nowadays is just synonym for "gambling". People just want  to play a game.

The problem with buy-and-hold, on the other hand, is you need to decide when to sell. And usually, the moment you exit, the price jumps even higher

That's why I like bots - they automate this process. Even a simple grid bot allows you to gradually sell your position on the way up, and buy back if the price retreats.

And another important thing - when you get a stable regular income, you can immediately reinvest it and benefit from real-time compounding.

[Webetcoins]

A brutal truth that we're making here but some persons had always made it look as though trading is totally failed journey to begin with, and I have also thought so in other times, and reasons are that it's just too risky when it's compared to investment in the long term which necessarily doesn't require the much indepth knowledge and experiences to succeed as it's required with trading.

Much of what has made many persons that are losing in trading to not see a need to switch to bitcoin holdings is due to their impatient to wait for that length of years to have substantive profit, when trading flashes a quick opportunity to make profit.

Yes, trading requires so much effort and information and studying, you have to have a great knowledge of it to make money, whereas if you are an investor all you have to do is buy it when it goes down and hold for as long as you can.

Bitcoin sometimes drops 50%, it happened now from ATH, and it has happened many times before, buy it when that happens, wait 5-10 years and you will be making profit it's as easy as that. This makes some people question why even trade when you can do that easily.