Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 01/11/2019, 18:09:32 UTC
There are a variety of trading styles and practices.  Some of them are more risk taking than others, and some of them are just taking advantage of bitcoin's inevitable volatility in order to profit from such volatility without getting greedy about it.
I had this feeling that you will jump in it 🤓
Yeah I know brother. However it's too risky for me so holding is my only option.

I largely agree with the premise that trading tends to be a losing game, and the reason is because the vast majority of peeps who attempt it do it in a manner in which they are attempting to predict BTC's short term price direction, which is also known as gambling.

If you engage in a kind of trading that either does NOT attempt to predict BTC's price direction or at least only engages in bare minimum prediction attempts, then in a market, such as bitcoin, you can profit from such a system without hardly even thinking about it.  Anyhow, as you already suggested, I have beaten aspects of this horse to death.... so I can hold off a little bit on my beating efforts for the time being.    Tongue