QUIT "Trading", JUST HODL Bitcoin

[EarnOnVictor]

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

If we average it, your statistics should be nearing correctness. This alone is a wake-up call for those traders who are persistently losing their money. I don't like to sound discouraging, but what is the gain if one is always losing money? Whereas there is Bitcoin investment that could help you gain multiple of your capital (if you invest rightly, and at the right time).

Investing has always been attributed to low-risk than trading, and it's high time people took it seriously. The issue is that they tend to gain more in trading, provided it worked, which is why they are desperately trading,as they often shun investing.

[Wind_FURY]

Only independent, self-taught, and enthusiastic individuals like you deserve to profit from Bitcoin trading or investing. Some people are confused by the online classes or influencers they attend. For example, we've heard about buying Bitcoin and holding it without selling, or even holding it forever. This sounds strange, but it's very real, and some people believe it, but they don't think about how they profit. Now, I see the article you shared, which seems to show how many people get caught up in online classes that assume Bitcoin is easy.

Profit of any sort are deserved if the person continue's to HODL his/her Bitcoin through the good and bad times. But if some of us plebs get lucky in "trading", and they could protect those profits they made, then obviously they deserve it too.

Money that goes in your pocket is ALWAYS deserved.

[Kelward]

Only independent, self-taught, and enthusiastic individuals like you deserve to profit from Bitcoin trading or investing. Some people are confused by the online classes or influencers they attend. For example, we've heard about buying Bitcoin and holding it without selling, or even holding it forever. This sounds strange, but it's very real, and some people believe it, but they don't think about how they profit. Now, I see the article you shared, which seems to show how many people get caught up in online classes that assume Bitcoin is easy.

Bitcoin is quite easy if you choose investment to buy and hold for many years, all you have to do is accumulate with DCA strategy or buy when you have the funds to do so, where there's a clog in Bitcoin investment is if you don't have money to buy. On the other hand trading is hard and risky because you can lose all your money in a matter of seconds if you're not trading the right way, you need a lot of learning and experience to be able to make profit in trading. This is where these influencers make money from newbies by making them believe that trading is a get rich quick. I've seen a lot of them telling stories about people that sits in their sofa and making hundreds of dollars everyday, they won't tell the newbies that it is just a fraction of traders that are actually making it in trading.

[landheer]

Trading is indeed very high-risk, and many people lose money, but some also profit, albeit only slightly. However, I prefer trading, and long-term investments in BTC are also viable. I believe trading can be profitable if we can manage risk and avoid forcing entries. However, for those who don't like high risk, it's better to buy Btc and hold it long-term. It's proven that holding btc for the long term can yield significant profits, provided you're prepared for the temptation

I also trade, sometimes losing, but I'm a trading addict and willing to lose, so I enjoy trading and long-term investing in btc

[BlackBoss_]

Trading is indeed very high-risk, and many people lose money, but some also profit, albeit only slightly.

Let's emphasize that most traders lose money, and very limited traders get profit.

However, I prefer trading, and long-term investments in BTC are also viable. I believe trading can be profitable if we can manage risk and avoid forcing entries. However, for those who don't like high risk, it's better to buy Btc and hold it long-term. It's proven that holding btc for the long term can yield significant profits, provided you're prepared for the temptation

I also trade, sometimes losing, but I'm a trading addict and willing to lose, so I enjoy trading and long-term investing in btc

When you are in the market a long time enough like at least one market cycle with conditions that you must be in the market in both bull market and bear market, with many fuds and market crashes, then you will realize that trading in this volatile market is very dangerous and it is extremely dangerous if you trade with leverages.

So with experience like such, you won't consider trading is good, and will focus more or only on investment and holding.

[DanWalker]

Trading is indeed very high-risk, and many people lose money, but some also profit, albeit only slightly. However, I prefer trading, and long-term investments in BTC are also viable. I believe trading can be profitable if we can manage risk and avoid forcing entries. However, for those who don't like high risk, it's better to buy Btc and hold it long-term. It's proven that holding btc for the long term can yield significant profits, provided you're prepared for the temptation

I also trade, sometimes losing, but I'm a trading addict and willing to lose, so I enjoy trading and long-term investing in btc

From what you have said, you are someone who enjoy trading and even consider yourself addicted to it. Can you share your trading result throughout your trading journey? I mean, did you make an overall profit or was it mostly losses?

To be honest, I have met and known many trader, but they all lost more money than they made a profit. Overall, they are all losing money but continue trading because they believe that one day they will be able to recover those losses.

[Popkon6]

Those who trade basically lose their money but they don't reveal their failure stories. I don't like trading because it has high risk and the possibility of losing money every day. In the current situation, the market is changing every day. No matter how much you trade in a trusted coin, the chances of you losing money are more than 99%.
But long-term holding is the most important, and it is easy to maintain. Those who take risks and hold Bitcoin for the long term are the only ones who will achieve the most success. Because the further you go into the future, the more the price of Bitcoin will increase and your benefits will be realized.

[Mpamaegbu]

Trading isn't just a money drain, it's a time drain. All those hours staring at charts, reading analysis, managing positions.

You don't have to continuously stare at your charts if you don't want to. All you've to do is take a position and make sure it's in the direction of trend. Place Stop Loss and reasonable Take Profit on whatever trade you take. Allow it ride itself out. I said, "reasonable" so you know you don't have to over stretch your take profit. Just make sure it terminates at the closest Point of Interest. Don't be greedy with that. Also, don't be a scalper if you don't want to always stay clued to your device to monitor charts.

Meanwhile the HODLer set up a DCA three years ago and hasn't thought about it since.

We refer to people of that mindset as investors. They've a set target they're eying to sell off once it hits. They aren't just hodling. They're equally speculating.

[hd49728]

You don't have to continuously stare at your charts if you don't want to.

Even if you really really want to stare at the chart, you should not do that, and should reduce and minimize your staring time at the chart. Because it only makes you more stressful, more uncertain about the market movement and your trading decisions.

If you do good analysis before starting and opening your trading position, you already made good entry and surely know how long you should let your trading position opens, so during such waiting time, you can turn off computer, hang out and wait for the take profit order to be filled or the stop loss order to be filled as well.

We refer to people of that mindset as investors. They've a set target they're eying to sell off once it hits. They aren't just hodling. They're equally speculating.

Mindsets of investors and traders are different, so are their practice. Hence, people can try to do both investment and trading with their capital but to do that smoothly they must split their capital into two parts, one for investment, and another one for trading. Never try to use only one capital for both investment and trading as they will very likely end with trading only.