Can everyone make it through bitcoin trading?

[POPOLUV]

This thread just reminded me back on those days when i was in my 100 level in the university, where one of my lecture always say that it is not possible for every students in the same class to graduate at once, that some will graduate freely, some will graduate with carryover courses and why some will continue repeating until they give up themselves of not going to school again, he always say that it is not a cause but it is a normal thing that do happened within any academic sections, so referring my narration to this topic, i will say that Bitcoin trading is not meant for everyone and not every gamblers that has engage themselves in Bitcoin trading made through.

[Zanab247]

Yes, but everyone have to achieve the knowledge of BTC trading before such agreement will bring out good result to the traders. This is the reason is good to impact your brothers or sisters BTC trade or investment so that they will know when to trade to take profit and when not to trade not to experience losses from the market.

There are some investors that created platform for the spreading of the market price so that everybody in that platform will know that it is time to trade to earn profit from the market. If traders can be alerted toward the market movement it will create a lot of positive results among traders in that environment or group.

[cxtreenal]

People from different communities live in a society. Each of them has different characteristics. No one can be found similar in appearance, ethnicity or even in terms of thinking. The way you think about a simple matter makes the difference in thinking of others creative and diverse.
Diversity in work creates different communities financially due to differences in thinking. Bitcoin is a means of investment, but due to differences in thinking, individuals have different actions and therefore they enjoy different results. If you buy Bitcoin for short term trading with the aim of making a profit, you will be at risk. If you have a long-term investment mindset, your chances of getting a profit will increase to a great extent.

[Promocodeudo]

I didn't read much from what you wrote, I will want go into details to answer your question since I understand what you are trying to say, firstly, I'm sure that you know that not everyone is a trader and there's no way everyone will be making it through what they are not part of or not partaking in, and there is no way all those that are traders will make it is impossible, I'm not a trader but i have heard people making comments how they made it through trading but I'm skeptical about those statements because those I have watched saying all those stuff are random people that I don't know, having said that, although there's still every possibility that some persons have profited from trading but I won't got into that details, i can only say what I know.

[Sammye3]

Bitcoin trading is not the only profitable digital business that pays, as a matter of fact bitcoin is a bit more risky than a good number of investment that pays good money. Bitcoin investment is a bit risky but pays without stress when the trading goes right, it also requires a lot of patience and discipline to make consistent profits and less losses.

There are different ways people make money not only through bitcoin investment,  there are better legit businesses mostly through entrepreneurship maybe even more rewarding than investing in bitcoin.

[riscohen4]

Success in Bitcoin investment is more about patience and nothing else. You don't have to do much. Just buy and hold. If you buy at the wrong time  don't worry, jst hold. The only difference with you and your neighbour who bought at the right time will be early seeing of gains. At the end of the day, everybody eventually gains in Bitcoin.

Majority of the reason people fail is because of lack of patience, panic sell, lack of knowledge, some people have an amount and time Bitcoin should do something and when that doesn't happen, they label Bitcoin a scam.

Bitcoin investment at the end of the day is not suitable for all. Only few are meant to benefit as it has been so since the beginning of time. Majority of the time apart from Bitcoin only few usually reap the benefits.

[Dzwaafu11]

My little question is that must everyone succeed through bitcoin investment?

Of course not, not let anybody whyne you oh, you can make it through a totally different stuff and not bitcoin investment, bitcoin investment is like just one way and not the only way to get it in life, if you think trading is your thing, then do trading.

Na so my guy, make him just go for wetin him think say go work for am because dis one wey him don ask whether him fit make am for investment make him no go lose money ohh. Because person wey go put too much return for bitcoin go be person wey get patience well well, no be who they reason too many return and in a shot time.

So if you see that na trading go work for you, go learn and if na investment do the same thing. And again no be everybody go make am through investment some people e don turn to lesson to them, and anything you tell them they won’t come back and na so e be some people no fit leave am again.

[sokani]

I agree that Bitcoin is not the only investment out there that can make someone rich. Investing in businesses can also make one rich, but mention one person that has invested in Bitcoin and was faithful in stacking Bitcoin over the years that became poor. I bet you there are none. If you find any, it's not that they weren't rich; I'm sure they were, but they probably lost their coins to scammers.

[BitMaxz]

It's good to know the difference between investing and trading because they are not the same. Yes, investing in Bitcoin does not need much analysis you only need to plan for long term process and hold without panicking. Trading, however, requires a lot of skills and strategy before you can make something. Sometimes we just have to do the right thing so you don't put yourself into danger and struggle to get out of it because it's obvious that trading requires analysis, it's better to start Bitcoin investment for future purposes since we have already know the value.

That's the fact about trading. Based on my experience, I was once a newbie in trading, influenced by traders who do stream on YouTube and also some videos when I entered the market. I have made lots of mistakes, the most notable one of which is holding a position without SL and liquidating my entire capital, including other investments from cross type margins, which ate up all of my capital due to my failure to use SL.
I'm also impatient before and always overtrade because I am thinking that my analysis is right and the price will reverse from my entry, but it's not because I am against the majority or against the trend.
That's why those mistakes are the ones that will guide you to become a better trader, including the emotions that can't just easily handle if you are a newbie.

I learn a lot of all strategies or everything in trading, including ICT/SMC /price action or any advanced analysis, but I end up trading with a simple strategy, but from those experiences and learning from advanced ones, I understand everything in the market. That's why I don't trade against the trend; I always look for bias and use the simple trading strategy, like being patient on retracements that are inside your target retracements level.

We are just human. I know almost all of us are the same; we experience the same. If you give up because you see you are not profitable, why not review everything about all the mistakes you did? Study them, remember them, and use those mistakes to fight back once the market shows similar scenario; you know what you are going to do. The journal is very important for your improvements.

If you don't want this complex analysis and speculation, then go with a long-term investment, but it also needs timing. Only do like DCA when people are selling or if the market is bearish. Doing it wrong by buying near ATH or if you think the price would go further that's the wrong way to apply DCA unless you have a decade plan to hold your investment.

[Sonia_123]

The truth be sey anything wey you sabi do and know sey na him beta for your hand wey dey make you move forward for life just hold am right, wetin good for one person hand fit nor good for the other person hand avoid follow follow, if you sabi trade wey dey give you money, trade am and if nar bitcoin investment you dey good inside do am, all that matters be sey you dey do fine and dey achieve wetin you want for this life

[Hustle2025]

The simple truth is that not everyone will be successful in bitcoin trading / investment, and the level of success and achievement varies based on individual and some determining factors. Having the knowledge about bitcoin trading doesn't guarantee an individual or a trader to ne successful in bitcoin trading. To be successful in bitcoin trading requires consistency on a well tailored trading strategy, discipline, going into trade without emotion and good knowledge of risk management and analysis.

Most of the challenges faced by some traders  are caused by greed, inconsistency in trading strategy, taking action due to emotions, going into trade because of fear of missing out (FOMO), lack of knowledge and lack of risk management skills and analysis. These and many more are the contributing factors on why some traders are not making it in bitcoin trading. Bitcoin trading requires serious dedication to common rules and principles that guides the system.

Some novices going into bitcoin trading believing that it is a get rich quick zoon without putting in place the necessary information and strategies needed to stay successful in bitcoin trading. Bitcoin trading is not a competition.

[ArabBTC]

In life success has no template, different people will definitely succeed through different methods, that is why humans have variations, what works for Mr. A might not work for Mr. B, i have seen very wealthy people that fall back to the scratch i have also seen very poor men that rose to fame, in all there isn’t any script nor scroll that is a guarantee to success.

Though majority of the world leading rich people are traders in one way or the other, some even trade Bitcoin and also influence the trading space but that’s not a guarantee to success, not all traders are very successful, in fact if one is not so knowledgeable in Bitcoin and careful as well; trading can actually wreck some people back to the scratch, bitcoin has changed the life of many, however, it’s not always rosy, most traders actually have their bad and good times.

[Karl_3000]

Some people will remain broke after earning money for many years just because of trading, it is better to stay away from trading and just hodl than to be trading. Trading is just gambling in another form but many traders will not agree until they become addicted and stay broke. We have another bull run that will be coming, make sure you hodl and see your bitcoin increase.

[Cryptomultiplier]

Some people will remain broke after earning money for many years just because of trading, it is better to stay away from trading and just hodl than to be trading. Trading is just gambling in another form but many traders will not agree until they become addicted and stay broke. We have another bull run that will be coming, make sure you hodl and see your bitcoin increase.

Just as OP iterated in the post, some people have their destined wealth in holding Bitcoin or other investment choices, while some could make their wealth from trading altcoins or Bitcoin or from other kinds of trades.
It is where you see the light and understand that you stay. It isn't good to always follow the crowd to make your investment decisions because it is a quick way to become poorer.

[Webutxo]

Yes, but everyone have to achieve the knowledge of BTC trading before such agreement will bring out good result to the traders. This is the reason is good to impact your brothers or sisters BTC trade or investment so that they will know when to trade to take profit and when not to trade not to experience losses from the market.

There are some investors that created platform for the spreading of the market price so that everybody in that platform will know that it is time to trade to earn profit from the market. If traders can be alerted toward the market movement it will create a lot of positive results among traders in that environment or group.

If you are going to achieve knowledge of Bitcoin before you start trading Bitcoin, I will advice one to buy and hold instead. What you need to understand trading is golding technical knowledge of trading, if you don't understand how the trading market works you will only waste your time because you will look like a gambler that jump on what's going on in the market instead of understanding how the market works and make more profit doing it.

To enjoy trading, make sure you have master the art of trading and then you can focus on the fundamentals of Bitcoin. If you are learning the knowledge of Bitcoin then it should be because you want to understand how Bitcoin works and so you can relate it with the fundamentals analysis and know when to make the call or when to not make any call. This will be like a bonus for you in fundamental analysis than relying on it alone to make money from gambling.

[Jubilee58]

Not every investor that will succeed in bitcoin investment, and many things can become a hitch making an investor not to make profit.
In the first instance, there are people who go into bitcoin investing without properly knowing how they should go about bitcoin investing, they are impatient with their investment, feel bitcoin is a get rich quick investment, sometimes, some investors can invest in a wrong platform, and eventually become scammed, and some investors will compromise with their security phrase, and expose it to other people. So there are many factors that can make a cryptocurrency investor not to make profit.

If you must make profit in bitcoin investing, you have to invest with the motive of long term investment, and you must invest in a secured wallet, and ensure the safety of your security phrase, and do not expose your investment to the public.

[Adams0001]

To answer the op question, yes, someone can actually make it through Bitcoin trading, but in other to do so, you must be good at analyzing the market, and know the best time to long and short the market, not by taking any trade you see because you have the margin to do so.
You are actually right, investing in Bitcoin is easier and more profitable than trading because all you just have to do is to buy and accumulate consistently, then as long as you are only thinking long term, the chances of your investment being a success is very high, but with trading, you can be knowledgeable in it and still be losing money because knowledge doesn't guarantees success in trading.

Exactly you need to be good in different methods before you can probably succeed in trading because is not easy to succeed like the way others are getting profit in investment, trading is something that you need to set time on it and focus so that you can get experience and succeeds but if you take it as a normal risk taking you won’t really get what you need and I can says that not everyone can succeed in trading because some can’t take high risk and some don’t have the experience and knowledge to go through it. If you can see it many people are more focused on bitcoin investments then trading but is just that they can’t be patient for long to invest.

[Abu-Naim]

For a truth there could be some people who are currently regretting for going into bitcoin investment without knowing that they aren’t meant to be doing investment rather they should be that focusing on other things that could boost their lives more better than just jumping into bitcoin investment and at last they ends ups losing everything they had in mind, whereas if they put such energy to where they are destined make profits more than the investment they did you would see them making enough returns and benefits from their what they are destined to do than trading.

The biggest problem is FOMO!
If we see people given good news about the profit they made from Bitcoin investment, you will want to also invest in Bitcoin so as not to miss out if the good news, but sometimes it is not for everyone, you might be making good profit from whatsoever investment you are doing, but you will want to test that if Bitcoin just because you don’t want to miss out, while you need some patience to be able to achieve good profit from the investment.

If you don’t have patient and you think that Bitcoin is a means for you to get quick money, you should rather continue any investment you are into, because you will need to get patience if you want to make profit from Bitcoin investment, you should have it in mind that it is an investment for future not quick money investment.

[Stable090]

My little question is that must everyone succeed through bitcoin investment?

No be everybody wey u think say dem invest in bitcoin Dey really make money from their investment, some people wey Dey come online wey Dey make noise no really Dey make money from bitcoin investment, na noise Dem dey come make on social media, Dey just wan feel among also. If u invest in bitcoin, and u no do d necessary things wey u suppose do, u go still lose money. Make people no Dey reason am like say if u just don invest in bitcoin, u don make am for life be that.

For a truth there could be some people who are currently regretting for going into bitcoin investment without knowing that they aren’t meant to be doing investment

Some people no Dey take their time to learn about bitcoin, Dey just Dey jump into bitcoin investment base on Wetin Dey hear from people, or things wey dem Dey see on social media. Make I no lie if u jump into bitcoin investment, na so u go jump commot again, because u go just lose money anyhow.