Why we must choose longterm investment over trading.

[liasbaa]

Trading is one thing I can't even advice my worst enemy to go into it when I'm aware of how risky it is and how it's capable of draining someone in just a go. However, investing in bitcoin is based on personal decision and offcurse everyone has the right to choice of investment, but the longterm plan is way better

No buddy, you don't have to be describing trading as if it's a death sentence. Is trading risky?  Yes, but if you are skilled in it, you wouldn't always be at the losing end, especially when you know how to manage your risk.
Beginners are the ones that are always dealt with when trading, but if the person is dedicated by learning it through the right channel, it wouldn't look like a death sentence as you are making it looks like.

It is true that investing in Bitcoin is more easier than trading, but it's not everyone that have the patience to hold for long, you might disagree with their choice of actions but everyone must not do things the same way.

Fair point that skilled traders can manage the risk, but the reality is that the vast majority of retail traders lose money. For most people who can't watch the charts all day, a long term plan is just safer and less stressful. Patience is hard, but it usually pays off better than trying to time the market.
Trading isn't a death sentence if you actually treat it like a business and manage your downside, but most beginners jump in without a plan. At the same time, long term holding takes a completely different type of discipline that not everyone has, at the end you need to have plan and stick to it.

Short term trading has risks but you can only succeed if you can trade with patience and discipline. For some traders, trading can be as risky as gambling if they do not have a risk tolerant plan. You will not be able to commit to a trading plan in the long term by looking at the charts regularly and frequently. You will be unstable because price fluctuations will cause you to panic or sell at low profits. Market movements will always move in cycles but as an investor or trader, you need to remain calm and manage your funds and gain skills in trading and investing.

Skilled traders can control themselves while trading by managing their funds efficiently. This is a kind of skill they have for managing risk. They do not trade with the full amount of funds they have because the market situation can turn unfavourable at any time. Experienced traders keep reserve funds available and use them when needed, either for portfolio growth/average cost reduction, or as a backup.

[Judith87403]

That's true, because their are still some people who are making cool cash from it even though it's pretty risky. Just as you said those with little or no patients to cope with are the people losing real cash due to their impatient in acquring enough knowledge before persisting and that's the true. It's better for someone that hasn't master it to keep learning with a demo account, try as much as you can to understand it all before you start putting in real money in it otherwise you are at your own risk.

I get what you’re trying to say and I partially agree, but you also need to understand that just because one is able to spend some good amount of time studying the market or trying to understand how the market really works doesn’t mean that they’ll be able to avoid losses. Part of being a good and experienced trader is understanding the fact that as long as trading is concerned, losses are inevitable and there’s no amount of experience or knowledge about market conditions and timing can make one avoid losses completely.

[God Tim]

‎Such many people are still purchasing Bitcoin is it also very important for the hold it for long term investment I stay in mind set for understanding for changing a better position in the process it also an emotional for decisions and examples that gives you investment in such time to move a better growth it stands storage weather is useing a proper knowledge think for a best a long investment for good plan that can help in it provides more tag secure for you and your business hard, work, consist can u a better position for you try to get rich.

[Itz-prisigold]

I get what you’re trying to say and I partially agree, but you also need to understand that just because one is able to spend some good amount of time studying the market or trying to understand how the market really works doesn’t mean that they’ll be able to avoid losses. Part of being a good and experienced trader is understanding the fact that as long as trading is concerned, losses are inevitable and there’s no amount of experience or knowledge about market conditions and timing can make one avoid losses completely.

I'm not saying that there's no loss in trading, but I believe there's another reason that's equally important.  The biggest benefit of acquiring knowledge is not that it ensures profitable trades; it is that it enables you to come to understand if trading is a strategy that suits your personality, and your financial circumstances, before you invest much money.

Many novice traders join trading because they believe that they can make money fast, and end up finding they cannot deal with the stress, decision making and emotional ups and downs,  that realization alone is enough to prevent them from making any costly mistakes.

In some cases, the best thing one can do after studying the market isn't even to become a successful trader, but to understand that the strategy you're going for is the one that would better suit your goals, patience, and risk tolerance, which is the long term investment in Bitcoin.  So for me, that's a good lesson to learn from knowledge,

[PVequalNRT]

If you get interest for trading, abeg take the time to study am well. You no need to pay person to teach you, them get YouTube channels way you fit learn the basics for free like how to draw support and resistance and so on. Trading no be bad thing, you just need to know wetin you dey do before you venture into am.

People still dey wey they pay for learning trading? Trading wey people dey learn for free even online you can everything you want to learn about trading, is just that me I no dey support trading at all because of how risky it is, although some people don already see the trading as a way that they earn a good profit but for me it is very risky because you can lose the profits you have earn in just a short period of time, instead of trading i will rather go and buy bitcoin and hold because it will give me a rest of mind without thinking that I can lose everything at once. I did not say trading is bad and those people that are doing it are doing bad thing, everybody get their own choice and people dey succeed even in trading but no matter how it is we all know that buying bitcoin and hold for a long time is the best thing.

[Solodoski]

That's true, because their are still some people who are making cool cash from it even though it's pretty risky. Just as you said those with little or no patients to cope with are the people losing real cash due to their impatient in acquring enough knowledge before persisting and that's the true. It's better for someone that hasn't master it to keep learning with a demo account, try as much as you can to understand it all before you start putting in real money in it otherwise you are at your own risk.

I get what you’re trying to say and I partially agree, but you also need to understand that just because one is able to spend some good amount of time studying the market or trying to understand how the market really works doesn’t mean that they’ll be able to avoid losses. Part of being a good and experienced trader is understanding the fact that as long as trading is concerned, losses are inevitable and there’s no amount of experience or knowledge about market conditions and timing can make one avoid losses completely.

Professionals also make mistake in investment. I don't think there is anyone who is perfect in investment or trading. It requires time to partially understand the market dynamic because the market don't have one patter or a single direction it goes. The unexpected will happen along the line, some of them will take experienced investor unaware that is the part where they make mistake unintentionally. I agree, that losses are inevitable, wile profit is not always guaranteed in trading or investment.

[Zanab247]

Trading is only risky, Yes that is true. It doesn't necessarily mean that once you go into it, you will lose all your money. Yes, long-term investment and holding Bitcoin is safer, but at the end of the day, nobody guarantees you anything.

Lack of crypto knowledge is what is making some people to think that way. What you need to achieve first before going to crypto trading or investment is the knowledge, because that is what will make you to trade your coins in the right make that will boost your profit. Even though nobody guarantee you success in your trading but you can guarantee yourself by hodling your coins for long years before you can visit the market to know what to do which it will be a positive one.

If you ask some successful traders or investors which strategy they are using in making progress in their investment or trading, there is no way they will not mention knowledge, because that is what is making them flow in profits making in crypto trading or investment.

[MainIbem]

Trading is only risky, Yes that is true. It doesn't necessarily mean that once you go into it, you will lose all your money. Yes, long-term investment and holding Bitcoin is safer, but at the end of the day, nobody guarantees you anything.

Lack of crypto knowledge is what is making some people to think that way. What you need to achieve first before going to crypto trading or investment is the knowledge, because that is what will make you to trade your coins in the right make that will boost your profit. Even though nobody guarantee you success in your trading but you can guarantee yourself by hodling your coins for long years before you can visit the market to know what to do which it will be a positive one.

If you ask some successful traders or investors which strategy they are using in making progress in their investment or trading, there is no way they will not mention knowledge, because that is what is making them flow in profits making in crypto trading or investment.

It is very correct that nothing is guaranteed for both, but the risk factor is what differentiates them, although with proper risk management a trader can avoid losing too much money but Bitcoin investment is more better cause it gives hope for profits on the long run through historical facts and not hype of hoping on profits by chance like trading that requires "speculative analysis". People mostly consider trading cause they're not patient to wait and profit from investing in Bitcoin.

[Rockson1]

Professionals also make mistake in investment. I don't think there is anyone who is perfect in investment or trading. It requires time to partially understand the market dynamic because the market don't have one patter or a single direction it goes. The unexpected will happen along the line, some of them will take experienced investor unaware that is the part where they make mistake unintentionally. I agree, that losses are inevitable, wile profit is not always guaranteed in trading or investment.

Is it not better you mention one thing at a time, investment and trading are different things and of course you know, even though I know that as humans we can actually make mistakes because of some inevitable circumstances, if we invest and follow the procedure i mean the step by step Bitcoin investment procedure we may not be having any problems unless we at some point deviate, for instance as we know that Bitcoiners are likely to get rewarded on a long term, anyone who decides to invest for Short term might not get it right, what makes someone experienced investor is how the follow the market, not being to quick to take decision, they already know about volatility and how it works, so it is no longer a problem to them, I don't want to talk about the trading part because it is not the real investment rather it is just like a short term investment that has a lot of expectations attached to it.

[Hypnotizer]

If you get interest for trading, abeg take the time to study am well. You no need to pay person to teach you, them get YouTube channels way you fit learn the basics for free like how to draw support and resistance and so on. Trading no be bad thing, you just need to know wetin you dey do before you venture into am.

People still dey wey they pay for learning trading?

So you don’t know? Dem still plenti wey dey pay to learn trading for this our country, and that’s why you see most of these popular “TikTok traders” once dem get good number of followers dem go just talk say dem open trading academy for people wey wan learn. And I heard that some of them even collect as much as $300 from each person wishing to learn from them.

It’s really surprising but many people are actually being exploited by this method, some lesser known traders collect lesser fees…some even as low as ten thousand naira to teach people what Claude or YouTube can teach in minutes..

From my perspective the reason why those people are paying to learn from those traders is because they chase quick wealth, most of these traders that open academy have packaged themselves and portrays themselves are some young people that made it through trading and so they also want to have the same fate as them…

[Zorellian]

Trading is only risky, Yes that is true. It doesn't necessarily mean that once you go into it, you will lose all your money. Yes, long-term investment and holding Bitcoin is safer, but at the end of the day, nobody guarantees you anything.

Lack of crypto knowledge is what is making some people to think that way. What you need to achieve first before going to crypto trading or investment is the knowledge, because that is what will make you to trade your coins in the right make that will boost your profit. Even though nobody guarantee you success in your trading but you can guarantee yourself by hodling your coins for long years before you can visit the market to know what to do which it will be a positive one.

If you ask some successful traders or investors which strategy they are using in making progress in their investment or trading, there is no way they will not mention knowledge, because that is what is making them flow in profits making in crypto trading or investment.

It is very correct that nothing is guaranteed for both, but the risk factor is what differentiates them, although with proper risk management a trader can avoid losing too much money but Bitcoin investment is more better cause it gives hope for profits on the long run through historical facts and not hype of hoping on profits by chance like trading that requires "speculative analysis". People mostly consider trading cause they're not patient to wait and profit from investing in Bitcoin.

Yeah, that what mistakes people make a lot, they think that trading will bring them a lot of money and quick one which is not like that, because they see a lot of traders online that have make it and understand how the market works they will think is simple to make quick money and to understand the market.
People don’t know that investing in bitcoin is more saver than trading because at long last you will have something to go to if you invest than trading your money when you know that is not safe when you trade but if you have the patience to wait and invest for a long time you will later be a happy person.

[Son Of Blockchain (SOB)]

People still dey wey they pay for learning trading?

So you don’t know? Dem still plenti wey dey pay to learn trading for this our country, and that’s why you see most of these popular “TikTok traders” once dem get good number of followers dem go just talk say dem open trading academy for people wey wan learn. And I heard that some of them even collect as much as $300 from each person wishing to learn from them.

It’s really surprising but many people are actually being exploited by this method, some lesser known traders collect lesser fees…some even as low as ten thousand naira to teach people what Claude or YouTube can teach in minutes..

From my perspective the reason why those people are paying to learn from those traders is because they chase quick wealth, most of these traders that open academy have packaged themselves and portrays themselves are some young people that made it through trading and so they also want to have the same fate as them…

That one na truth you dey talk, I no fit count how many times wey some friends go see me dey navigate the forum den ask wetin I dey do, when I tell dem say I be Bitcointalker wetin dem dey talk next na "oboy teach me this crypto trading stuff now, even if eh mean say i go pay" that's to say many Nigerians out there fit dey exploited through trading.
 Many people no dey even try to verify things again, them just believe say so far eh dey fetch money dem gets put body even if say dem go pay to learn and na very bad mentality be that cause na those kind people them dey exploit well well

[goldkingcoiner]

Their is no doubt, country is very hard at the moment and everybody is looking for a possible way of survival. So for this reason many new investors are now going into trading thinking that's is the fastest way of hitting it big of which their is a repercussion that they are not really considering before going into it.

Trading is one thing I can't even advice my worst enemy to go into it when I'm aware of how risky it is and how it's capable of draining someone in just a go. However, investing in bitcoin is based on personal decision and offcurse everyone has the right to choice of investment, but the longterm plan is way better and recommendable for those that are curious to know. Perhaps, we may be thinking of taking care of one or two expensive with some quick profits, but have we ever thought of losing everything we have laboured for by just a single trial? It's possible if you are thinking otherwise.

However, instead of thinking or stressing off over temporary gains that can only sustain us for the moment, why can't  we put more energy on securing a better future for ourself and that of our children, and this can only be possible base on our present decision of investing on a long run.

Define long term? If the price doubles, feel free to buy yourself anything you want as a reward. Just make sure to hodl the rest. Otherwise you will find out, like I did, how expensive a Bitcoin can be, compared to back in 2014.... Now I just hodl everything. Screw paying for the pizza in BTC (which is going to end up costing me a fortune in even a little like a single decade worth of time...).

[AuchanX]

I understand what you mean. You are actually trying to advocate long-term investment. But while sharing the idea of ​​long-term investment, you have taken short-term trading to such a level that if you try it once, you will lose everything. Trading is certainly risky compared to investing. But many people can also profit from trading. So it is pointless to exaggerate about trading. If someone invests money that is beyond their savings, borrowed money, or a large amount beyond their tolerance, then even if they have a plan to invest, it can be risky.

[Hardyrobust]

Their is no doubt, country is very hard at the moment and everybody is looking for a possible way of survival. So for this reason many new investors are now going into trading thinking that's is the fastest way of hitting it big of which their is a repercussion that they are not really considering before going into it.

Trading is one thing I can't even advice my worst enemy to go into it when I'm aware of how risky it is and how it's capable of draining someone in just a go. However, investing in bitcoin is based on personal decision and offcurse everyone has the right to choice of investment, but the longterm plan is way better and recommendable for those that are curious to know. Perhaps, we may be thinking of taking care of one or two expensive with some quick profits, but have we ever thought of losing everything we have laboured for by just a single trial? It's possible if you are thinking otherwise.

However, instead of thinking or stressing off over temporary gains that can only sustain us for the moment, why can't  we put more energy on securing a better future for ourself and that of our children, and this can only be possible base on our present decision of investing on a long run.

Define long term? If the price doubles, feel free to buy yourself anything you want as a reward. Just make sure to hodl the rest. Otherwise you will find out, like I did, how expensive a Bitcoin can be, compared to back in 2014.... Now I just hodl everything. Screw paying for the pizza in BTC (which is going to end up costing me a fortune in even a little like a single decade worth of time...).

if the price doubles and you decide to take profits from your bitcoin investment, then it is not long term investment but short term investment which is same as trading. Buying bitcoin with the expectations of taking profits from your investment if the price doubles can make an investor not to be able to accumulate as much bitcoin as they were supposed to. They may end up remaining a low coiner and thinking of taking of profits also depends on how much bitcoin they have in their holdings.

[goldkingcoiner]

Their is no doubt, country is very hard at the moment and everybody is looking for a possible way of survival. So for this reason many new investors are now going into trading thinking that's is the fastest way of hitting it big of which their is a repercussion that they are not really considering before going into it.

Trading is one thing I can't even advice my worst enemy to go into it when I'm aware of how risky it is and how it's capable of draining someone in just a go. However, investing in bitcoin is based on personal decision and offcurse everyone has the right to choice of investment, but the longterm plan is way better and recommendable for those that are curious to know. Perhaps, we may be thinking of taking care of one or two expensive with some quick profits, but have we ever thought of losing everything we have laboured for by just a single trial? It's possible if you are thinking otherwise.

However, instead of thinking or stressing off over temporary gains that can only sustain us for the moment, why can't  we put more energy on securing a better future for ourself and that of our children, and this can only be possible base on our present decision of investing on a long run.

Define long term? If the price doubles, feel free to buy yourself anything you want as a reward. Just make sure to hodl the rest. Otherwise you will find out, like I did, how expensive a Bitcoin can be, compared to back in 2014.... Now I just hodl everything. Screw paying for the pizza in BTC (which is going to end up costing me a fortune in even a little like a single decade worth of time...).

if the price doubles and you decide to take profits from your bitcoin investment, then it is not long term investment but short term investment which is same as trading. Buying bitcoin with the expectations of taking profits from your investment if the price doubles can make an investor not to be able to accumulate as much bitcoin as they were supposed to. They may end up remaining a low coiner and thinking of taking of profits also depends on how much bitcoin they have in their holdings.

Youi can take a little bit of profit. In fact, it will motivate you to hodl and buy more, I would think. And that is what every Bitcoiner really wants is it not? More buying, more adoption and of course, more motivation to hodl (the most). Hodling does require a reward. The higher the hodl time, the better the reward.

For whom are you hodling except yourself?

[cxtreenal]

Trading is only risky, Yes that is true. It doesn't necessarily mean that once you go into it, you will lose all your money. Yes, long-term investment and holding Bitcoin is safer, but at the end of the day, nobody guarantees you anything.

Lack of crypto knowledge is what is making some people to think that way. What you need to achieve first before going to crypto trading or investment is the knowledge, because that is what will make you to trade your coins in the right make that will boost your profit. Even though nobody guarantee you success in your trading but you can guarantee yourself by hodling your coins for long years before you can visit the market to know what to do which it will be a positive one.

If you ask some successful traders or investors which strategy they are using in making progress in their investment or trading, there is no way they will not mention knowledge, because that is what is making them flow in profits making in crypto trading or investment.

It is very correct that nothing is guaranteed for both, but the risk factor is what differentiates them, although with proper risk management a trader can avoid losing too much money but Bitcoin investment is more better cause it gives hope for profits on the long run through historical facts and not hype of hoping on profits by chance like trading that requires "speculative analysis". People mostly consider trading cause they're not patient to wait and profit from investing in Bitcoin.

Even in long term investments, decisions have to be made based on assumptions. The most risky thing in trading is the use of leverage because many new traders use such a large amount of funds that if the funds are lost, their financial career will be negatively affected. Trading is a good method for making profits in a short period of time, but it is not sustainable in most cases because once you withdraw your profits, you have to wait for the next purchase and it may take a long time to reach a profitable level. A long term investment strategy is best compared to a stressful trading strategy.

[L E G E N D A R Y]

Youi can take a little bit of profit. In fact, it will motivate you to hodl and buy more, I would think. And that is what every Bitcoiner really wants is it not? More buying, more adoption and of course, more motivation to hodl (the most). Hodling does require a reward. The higher the hodl time, the better the reward.

For whom are you hodling except yourself?

And how exactly would selling or taking a bit of profit motivate one to keep on holding, what motivates people to keep on hodling is seeing that they are getting closer to their goal, their long term goal. And until investors have reached their goal, taking profits or selling isn’t ideal at all. I mean what exactly are you even taking profit for when you already have your financial needs covered by your income, have an emergency and backup funds to help you through times that emergencies and unplanned financial crises pops up, so what exactly do you need sell for?

[JoyceBTC]

Yes trading is very risky and has a higher chance of one loosing more money compared to long term and there are some very experienced traders that has been trading and it has been working for them even if they lose money most times.
I don’t even encourage newbies to go into trading because it is much easier for people with experience, who understands the market very well and also with their experience they trade which strategies but as an investor, long term is always the best.
Long terms helps you stay determined to achieve your goal, build wealth overtime with higher returns and also help avoid or reduce the impact of short term volatility.

[goldkingcoiner]

Youi can take a little bit of profit. In fact, it will motivate you to hodl and buy more, I would think. And that is what every Bitcoiner really wants is it not? More buying, more adoption and of course, more motivation to hodl (the most). Hodling does require a reward. The higher the hodl time, the better the reward.

For whom are you hodling except yourself?

And how exactly would selling or taking a bit of profit motivate one to keep on holding, what motivates people to keep on hodling is seeing that they are getting closer to their goal, their long term goal. And until investors have reached their goal, taking profits or selling isn’t ideal at all. I mean what exactly are you even taking profit for when you already have your financial needs covered by your income, have an emergency and backup funds to help you through times that emergencies and unplanned financial crises pops up, so what exactly do you need sell for?

If you can't reward yourself every now and then what's the point? I am talking about a relatively modest reward. If you have made 10K from 1K I think you deserve a 1K vacation or nice new computer.

At least that is how I motivate myself to work harder so I can buy more coin. And the motivation works.

Also, I have never regretted buying Bitcoin, at any price.