lately i've come across folks replies on here that says, it is not really necessary to get to know about how bitcoin moves before one can start to invest in bitcoin as long as you want to take bitcoin as an investment, others replies i have come across where saying, knowing how the market actually move will make you want to start predicting the pmarket and you eventually start trading or gambling your money, which i know that no one actually knows the market next move, what most of the bitcoin analysers do is speculation and some says, all you have to is to be able get a source of income so you can determine your cashflow and know how much will be left for discretionary, and how to allocate these amount to your investment, savings, emergency and maybe discretionary expenditures.
At least for someone who wants to go into bitcoin investment, getting a source of income and being able to sort out your investment fund is valid, so folk will be able to accumulate bitcoin at their own financial pace. I don't know about other opinion but from my point of view, i don't think getting to the market charts and knowing how to react to each market chart make you less of an investor, an investor who is conversant with bitcoin chart buys bitcoin with understanding, while an ignorant investor buy bitcoin with hope on it potentials, knowing the chart doesn't necessarily makes one a trader and/or gambler, but if you read the chart to buy bitcoin tomorrow and sell that same day or in a more shorter period, you're a gambler, but if folk can read the chart and buy bitcoin cheap today and hold for longer period of maybe 5 years and above and/or depending on folk definition of their long terim goal, i guess that still keeps you within the framework of an investor.
I don't know much; still learning from y'all on here. If you've got any other idea contrary to what I think, I would appreciate knowing about it.
Instead calling those that buy bitcoin with time Frame of not beyond 24 hours to sell as gambler, we should call them day trader's instead is more professional that way because this are the key factors one need to know to make a better day trade position instead taking risks that keep them at loses.
Instead of buying Bitcoin on the Spot market for a short-term period of 24 hours, isn't it better if I put that fund into leveraged trades where I have chances of increasing my total holdings by X and opening up the risks that come with it?
