Post
Topic
Board Trading Discussion
Re: does it really make sense trading on Bitcoin?
by
XZERO1
on 03/12/2020, 12:28:09 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.

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)

I think it's no wonder that people are different and so are their strategies on making money off the market, both side have their own reason for doing it that way, long-term investors doing just that because they deeply believe what they bough is really undervalued right now and 2-3x is not enough return for them and they're willing to gamble and wait longer until they think it's at the right value(price), on the other hand traders don't pay that much attention to the fundamental and future potential or even if they do they just don't care much about it and they're not going to wait that long and risk losing money because they're in it for the short-term return.

But over all in my opinion the best strategy would be to be invested in some coins/tokens long-term and on the side make some shorter-term trades as well, that way you have the both sides, and you're minimizing your risk exposure and you're not missing out on any possible profit coming from either trading/investing strategy.