Post
Topic
Board Trading Discussion
Re: does it really make sense trading on Bitcoin?
by
goldade
on 05/12/2020, 20:54:17 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.

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)

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 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?

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".

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..

If you are successful with trading bitcoin, then it doesn't matter what others do. I'd only consider what others are doing to make the most of the opportunity if I'm not successful in my trades.
Just as you consider and believe that trading is a strategy or way to actively make money, many others believe it is too risky and shouldn't be embraced and as such they resort to hodling.
I'd say you focus on what you know how to do best, which is trading in this case, and mind whatever happens with others.