Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Long Term Investing & why this is the only way to Financial Freedom
by
Kryptoschnack
on 06/09/2020, 15:57:35 UTC
Hej there thanks for your feedback. In this case i must have been misunderstood. I do personally as a holder didnt find the "crash" catastrophic it was more related to the traders out there or those who arent aware that bitcoin moves this massively. I personally see all those price movements as a great buying opportunity to accumulate more bitcoin. Nevertheless i do have the feeling that a lot of people arent holding bitcoin and rather trade bitcoin for the short term Smiley

Thanks for answering. I said that in relation to the title of this thread. Starting a video with short-term TA and mentioning a catastrophical drop isn't really supporting the idea of investing for the long run. Some trade some hold. I don't believe anybody can provide some serious data about the number of BTC holders vs traders. What I've learned along the way is that to make big money trading you have to be an exceptional trader. To make money investing in Bitcoin, all you need is confidence and know how to keep your coins safe. Saddly, most newcomers come to the space thinking they can trade their way to riches.

The comment regarding the newcomers is so true Smiley