Post
Topic
Board Trading Discussion
Re: does it really make sense trading on Bitcoin?
by
michellee
on 02/12/2020, 07:30:17 UTC
since I discovered this crypto market I have always been fond of trading, and I have always tried to train and educate myself to improve my skills.
This point gives you the ability to trade better from time to time. You can improve your skills in trading and you will have the opportunity to make a profit.

On the other hand I always had to live side by side with those who call themselves holders, i.e. those who don't take decisions.
They just accumulate no matter what, based on the faith that bitcoin's price will always increase (I said price, not value, on puropse. They talk about disrupting, about new order but all they care for is to have a share of the pie, like anyone else)
The holders do not just hold their bitcoin for a long time because they sell their bitcoin to make a profit. But we don't know how many bitcoin that they already sold. Besides selling their bitcoin, they also accumulate the bitcoin by buying more every time the bitcoin price is down.

Now, this is the exact opposite of what I think of investing: blindingly relying on something that you cannot control but, for the time being, they are being proved right.
If you don't know anything about bitcoin, you don't have to invest in bitcoin, and you can select the other investment that you know, so you are not worried about "something that you can not control."

If it proves right that the real, deep power of bitcoin is scarcity, and that this scarcity will always push its value (and price) higher, IF this is true, what sense does it even make trading bitcoin?
Even if bitcoin price will push its value to a high price, it doesn't mean that the price can not down for a long time because we already have seen the bitcoin price in the lowest price from a few years ago.

I mean, you could always do it of course, but there's no much relevance about it..

on the other hand a trader could argue: "look at gold. Gold is scarce as well but it's not always rising".
If you think that gold can satisfy you on the investment side, you should follow other people's suggestions to buy gold from now on and leave bitcoin just what it's like.

yes of course, but at the same time it will unlikely come back to its lowest prices, to the price levels of, say, 70s or 80s..

Don't get me wrong, I still hate holders ok, with their mantras, their plan-b and stf shit, butwhat I mean is may be they are right. May be BTC is in that phase where it still pays being herd, the herd of holders..
That will be up to you if you hate holders, but that is the fact that in crypto, some people already have bitcoin from a long time ago, and they have a huge bitcoin amount that we don't know who they are. But they can not do whatever they want related to bitcoin price because many crypto markets that traded bitcoin right now.