Stop trading, start mining/stacking !

[ChocolateBitcoinK]

The idea of buying and selling Bitcoin sounds great at first. When you look back, you might think, “This doesn’t seem that hard,” and try to increase the amount of Bitcoin (or fiat) you have. But once you get started, your mind is constantly on it you might make mistakes, and it’s definitely not worth the effort and time you put into it.

Bitcoin already gives you a good return just by hodling onto it. In this situation, simply buying it is definitely the more sensible approach 

Investing in Bitcoin by buying and holding may seem easy, but if you lack sound financial management and a steady income it can be challenging. The volatile price of Bitcoin can cause volatility during market fluctuations, which is why many people find holding strategies difficult.

The Bitcoin buy and hold strategy may seem easy, but it's often tested by emotions often leading to a loss of control and patience when you lack a solid mindset. However, trading often results in losses compared to holding. Therefore, the best strategy is to abandon trading and focus on holding for the long term. Bitcoin has historically provided the best returns through long term buy and hold trading. Buy when you can then hold this also reduces stress, promotes calm, and makes more sense.

There's more than meets the eyes so to speak. It is not that you can execute a trade once you got it. It would take time to understand the trading market and start trading. Also, you need prior knowledge for the project you are dealing with. Because if not, I don't think you can get the profit that you want.

I agree with you, to be successful in trading, we must first acquire education for a long time, we will never be very successful in trading at the first stage, so we must first learn trading. For successful trading, we must first understand all the aspects of the market, risk management, patience and mental control are all necessary, and it takes a long time to bring them under our control. In trading, just by learning a strategy, we will not always be able to profit from it, rather we must understand the market situation and then choose the right strategy, and trade through it, and we must learn to understand these, which is not a matter of haste rather a matter of long term patience.

[Hamza2424]

Stop trading pennies for fiat trash. You're dumping real assets to stay poor. Five years from now, you'll regret every sat you sold. Keep chasing gains; we'll keep stacking.BTC

You bought at $60k and sold your stash at $64k for a small profit is a huge loss when you calculate the same stash if you had held it when the price is at $250k or even $500k. I know by that time you can make a lot more profit by trading again and again, but it also goes for the loss, you can lose again and again.

But holding Bitcoin for the long term, at least for ten years, is going to make a holder great profit that they can't even imagine. After 10 years, they will accept the fact that they were early to invest in Bitcoin between 2020 and 2026.

But most of the people do not think like that now.

[HashRate Hero]

While Traders are surfing , we can say that those who mine are the boats owners. .

I can only suppose that time usually sorts out who was just gambling and who was building !!!

[Findingnemo]

While Traders are surfing , we can say that those who mine are the boats owners. .

I can only suppose that time usually sorts out who was just gambling and who was building !!!

Maybe you are right but that doesn't explain what most of the replies were about in this thread. Mining is expensive, and not everyone can afford to run miners.

So what do you expect the retail traders to do with $100 or $500 capital?

Should quit?

[HashRate Hero]

So what do you expect the retail traders to do with $100 or $500 capital?

Should quit?

Scale doesn't define the builder, but time preference does.

Retail shouldn't quit they should master the psychology of accumulation over the churn of trading.


And let's say that time eventually favors the patient remember comsistency is the key !

[shinratensei_]

Staking is interesting; the problem is that it relies on the asset appreciating in value. If the cryptocurrency loses value, you will lose money, and the loss could be significant. Mining isn't worth it for me; electricity here in Brazil is very expensive, as is the equipment, so I believe I would end up losing more than I gained.

You only lose when you sell. If you are stacking more bitcoin overtime, the volatility is part of the game. Being diamond hand is the medicine because you won't be selling your hardly accumulated bitcoin below your dollar cost average.
The diamonds hand on the market who multiplied their investment endured the price below their dollar cost average at some point and stilll come out with profit becasue they are patient and know if there is bearish market, there will be bullish market eventually.

[Findingnemo]

So what do you expect the retail traders to do with $100 or $500 capital?

Should quit?

Scale doesn't define the builder, but time preference does.

Retail shouldn't quit they should master the psychology of accumulation over the churn of trading.


And let's say that time eventually favors the patient remember comsistency is the key !

They are never gonna make enough to invest on miners and use that to accumulate their desired amount of bitcoin and even they are never gonna make it through trading but atleast they have a shot to make a decent amount of retunrs like 5-10% if they do it in the smart way or if they want to double or 10x their trading capital then they need to fancy their chances with altcoins.

[HashRate Hero]

They are never gonna make enough to invest on miners and use that to accumulate their desired amount of bitcoin and even they are never gonna make it through trading but atleast they have a shot to make a decent amount of retunrs like 5-10% if they do it in the smart way or if they want to double or 10x their trading capital then they need to fancy their chances with altcoins.

That sounds interesting, keep us updated and I hope your work goes well.

[bitgolden]

Bitcoin has always been profitable in the long term. If you have the financial means to wait, holding onto Bitcoin for an extended period without selling offers an advantage. Bitcoin mining and accumulation allows your money to appreciate in value over the long term. The important thing is to be able to wait long enough and sell when your investment reaches your desired value.

Buying and selling is risky, but it can also yield profits in some cases. Those who want to grow their investments by holding them for the long term often prefer not to buy and sell too much due to the risk of not being able to repurchase the units they sell.

I do agree that buying and selling is risky, but at least we are going to see things change a lot more and we should be careful about this, we can't just do whatever the hell we want, that is not how it works.

We are going to have a lot of trouble if we are not careful with this. I personally believe that trading is still fine, and if you are not going to trade then the best is investing long term and that is how we are going to make money. Most people do not even have that and unfortunately that is a problem.

[HashRate Hero]

I do agree that buying and selling is risky, but at least we are going to see things change a lot more and we should be careful about this, we can't just do whatever the hell we want, that is not how it works.

We are going to have a lot of trouble if we are not careful with this. I personally believe that trading is still fine, and if you are not going to trade then the best is investing long term and that is how we are going to make money. Most people do not even have that and unfortunately that is a problem.

 
Most fail not because of the market, but because they lack the discipline to resist the noise.

To resume i can only say that mining simply removes the temptation to sell.

[gracreavix]

First off, you shouldn't be against people who trade it. People can still trade and and still invest in it. Others stick to trading, while others stick to investing. Few set of people do both. Another set does mining. You can see that we are all intertwined in this big circle of Bitcoin. As one needs to other to survive. No one can become an Island on it's own.

[Jegileman]

First off, you shouldn't be against people who trade it. People can still trade and and still invest in it. Others stick to trading, while others stick to investing. Few set of people do both. Another set does mining. You can see that we are all intertwined in this big circle of Bitcoin. As one needs to other to survive. No one can become an Island on it's own.

Whether you’re mining, trading or stacking, everyone is all doing it for the profit and not just because they found comfort engaging in bitcoin through that means. As long as you’re holding on to your bitcoin and getting to add more to your portfolio, it doesn’t matter any of those three means above you’ve used to accumulate them. The most important and most valuable part of it is that you have enough in your portfolio so that when others are calculating their anticipated profits in five or ten years to come from now, you should also feel among and try to reach for the maximum possible profits. Bitcoin is an asset that cannot be trading for anything else, if you hold one, held tight to it for the future of it is better than how far it has come now.

[I_Anime]

Stop trading pennies for fiat trash. You're dumping real assets to stay poor. Five years from now, you'll regret every sat you sold. Keep chasing gains; we'll keep stacking.BTC

Actually there’s nothing wrong with trading especially when you have the right trading skill. You can only avoid trading when you don’t have the skill , because is still another part to make some funds in the crypto market, but selling off your bitcoin in order to trade not smart at all , is better to have some stack of bitcoin while you trade than to put all your money in one basket (especially something like trading ). There are many traders using their profits to invest and build their bitcoin investment with some other investments .

[fredericktaylor]

The idea of buying and selling Bitcoin sounds great at first. When you look back, you might think, “This doesn’t seem that hard,” and try to increase the amount of Bitcoin (or fiat) you have. But once you get started, your mind is constantly on it you might make mistakes, and it’s definitely not worth the effort and time you put into it.

Bitcoin already gives you a good return just by hodling onto it. In this situation, simply buying it is definitely the more sensible approach 

Investing in Bitcoin by buying and holding may seem easy, but if you lack sound financial management and a steady income it can be challenging. The volatile price of Bitcoin can cause volatility during market fluctuations, which is why many people find holding strategies difficult.

The Bitcoin buy and hold strategy may seem easy, but it's often tested by emotions often leading to a loss of control and patience when you lack a solid mindset. However, trading often results in losses compared to holding. Therefore, the best strategy is to abandon trading and focus on holding for the long term. Bitcoin has historically provided the best returns through long term buy and hold trading. Buy when you can then hold this also reduces stress, promotes calm, and makes more sense.

There's more than meets the eyes so to speak. It is not that you can execute a trade once you got it. It would take time to understand the trading market and start trading. Also, you need prior knowledge for the project you are dealing with. Because if not, I don't think you can get the profit that you want.

I agree with you, to be successful in trading, we must first acquire education for a long time, we will never be very successful in trading at the first stage, so we must first learn trading. For successful trading, we must first understand all the aspects of the market, risk management, patience and mental control are all necessary, and it takes a long time to bring them under our control. In trading, just by learning a strategy, we will not always be able to profit from it, rather we must understand the market situation and then choose the right strategy, and trade through it, and we must learn to understand these, which is not a matter of haste rather a matter of long term patience.

To succeed in trading, you must have the right knowledge along with understanding the volatility of the market and using strategies according to time and patiently entering the market at the right time and exiting the market at the right time without expecting to make more money is a wise act. However, I think that achieving success in trading is not an easy work. It is very risky because one wrong step can destroy all the money.

[Cgrexp]

Bitcoin has always been profitable in the long term. If you have the financial means to wait, holding onto Bitcoin for an extended period without selling offers an advantage. Bitcoin mining and accumulation allows your money to appreciate in value over the long term. The important thing is to be able to wait long enough and sell when your investment reaches your desired value.

Buying and selling is risky, but it can also yield profits in some cases. Those who want to grow their investments by holding them for the long term often prefer not to buy and sell too much due to the risk of not being able to repurchase the units they sell.

I do agree that buying and selling is risky, but at least we are going to see things change a lot more and we should be careful about this, we can't just do whatever the hell we want, that is not how it works.

We are going to have a lot of trouble if we are not careful with this. I personally believe that trading is still fine, and if you are not going to trade then the best is investing long term and that is how we are going to make money. Most people do not even have that and unfortunately that is a problem.

Trading is a risky strategy and if someone decides to trade on their own, they should ensure that they have adequate risk management and can control their emotions, and that they are prepared to lose the amount of money they are trading with and that losing it will not have a negative impact on them. At the same time, since there is a possibility of losing a large amount of money, long-term investment is considered a realistic strategy for most people, allowing them to invest small amounts regularly and not be affected by market fluctuations. Investing is a personal decision, but the suitability of a method depends on the individual's experience, risk-taking ability and financial goals.

[laijsica]

Stop trading pennies for fiat trash. You're dumping real assets to stay poor. Five years from now, you'll regret every sat you sold. Keep chasing gains; we'll keep stacking.BTC

Historically Bitcoin has repeatedly rewarded its long term investors. Those who took the trading approach were burned by the consequences because they could not ensure the proper use of the amount of liquidity they received by buying low and selling high.

One of my teachers advised us that if someone is poor, it is because of their own actions. Among the classes that exist in society, those who are poor lack discipline, so they cannot accumulate the desired amount of funds. Just as the rich have discipline and are patient, and have certain other special qualities in them, they become rich.

Fortune has always been with the hardworking and patient and past analysis also shows that long term investors who held Bitcoin have received high returns. Those who are still depositing Bitcoin and are committed to holding it for a full cycle or more will succeed.

[HashRate Hero]

One of my teachers advised us that if someone is poor, it is because of their own actions. Among the classes that exist in society, those who are poor lack discipline, so they cannot accumulate the desired amount of funds. Just as the rich have discipline and are patient, and have certain other special qualities in them, they become rich.

You can only avoid trading when you don’t have the skill , because is still another part to make some funds in the crypto market, but selling off your bitcoin in order to trade not smart at all , is better to have some stack of bitcoin while you trade than to put all your money in one basket (especially something like trading ).

Both sides have the PROS . It’s not HODL vs Trading it’s about synergy.

The real mistake is not trading , it's trading with your core asset.  I can only sya that we have to stop selling sats to trade but Trading to stack more sats instead.