Quote from: noormcs5 on May 12, 2023, 11:47:27 PM

Quote from: DaNNy001 on May 12, 2023, 07:27:29 PM

Quote from: Rabata on May 07, 2023, 01:28:16 PM

Quote from: JayJuanGee on May 05, 2023, 03:03:30 PM

Yeah, sure it is possible to be profitable with trading and it is even more likely that positions can be bolstered by attempting to buy more when the BTC price is down; however, it way more likely that normies are going to do way worse in their BTC accumulation (and therefore future profits) if they fuck around with trading... beyond maybe some minor attempts to buy more during dip periods...and erroring on the side of mostly just regular and persistent buying and accumulating of BTC and increasing their wealth (or likely wealth) through such ongoing, regular and persistent accumulating/buying efforts.

As a small bitcoin holder i dare not to trade with BTC if I wish. Because volatility might eat up my little BTC. But for small holders I think holding Bitcoin is more suitable than trading. A trader is not always profitable. But I want to keep myself out of this calculation of profit or loss and try to keep up with DCA. There are many small BTC holders like me who were afraid to dream. Today they dare to dream that is only by holding BTC. A big trader might be able to temporarily invest in Bitcoin and walk away with money but there are many holders like us who choose Bitcoin as their permanent asset. More than gold or any other precious commodity, BTC has come to be considered a permanent asset to our holders. When the price of Bitcoin falls, some people express disappointment, but some holders like us smile because there will be an opportunity to buy Bitcoin at a lower price.

Well said my friend, I think its probably better to hold than to risk your little coins on trading that is something more like gambling and everyone is well aware of the risks than its involved in gamble so being a patient buyer would probably be the trick to actually achieved some benefit in your long term investment. And like you said, I am still confused on how folks who hold small btc would complain when the price start dipping, it should actually be like some kind of blessing because that's exactly the way I see it, because the lower the market price the better chances you have to accumulate as much btc as you can for your investment because the number of bitcoin will get for 50$ when the price is 20k $ is not same when the price pumps to 30k$.

Holding bitcoin for the long term is not gambling because in gambling your chances of losing money is very high whereas by holding bitcoin you are not gambling, it's more sort of an investment that has a very little chance of ending up in a loss.

On the other hand, if you hold bitcoin for long term, it is almost certain that you will be rewarded good profit as bitcoin always increases over the long term period.

Also, it is not possible always to buy the perfect dip, but if you can DCA on every bitcoin dump, you can still end up averaging out at a good price.

I don't know why people are still comparing bitcoin with gamble. Bitcoin is a life safer if you can hodl your coins for long,because the possibility of making profit is high if you understand the market analysis. In gambling you can never be certain that you will win a game even though you have a game strategy because gambling is based on luck. Bitcoin is not based on luck to make profit but based on the knowledge that you have about the crypto market. Trading is something that is not for everybody and it is only the traders that can take risk that are always successful. I prefer to hodl for long till when the price has reach my target selling price before I do sell,because it is easier for me that way.

Quote from: JayJuanGee on May 13, 2023, 01:06:23 AM

For example, if we are a single guy with a steady job and we are living on 50% of our salary (and we have 50% that can be spent however we like), then it would likely be way more straight-forward for a guy in that kind of a situation as compared to someone who might engage in work that has very inconsistent cashflows that might even be partly dependent on the efforts of others (such as running and/or owning a business), and also if a person has a family that s/he supports with his/her income, then there could be some inconsistencies regarding those expenses, depending on if some or all of the other members are contributing to the family finances or if they might be causing some unexpected increases in expenses.

I agree with you, a single guy with consistent cash flow for 6 months can continue to accumulate more bitcoin because he will be able to save some money,which he can always use to buy bitcoin. On the other hand a family man with inconsistent income will have a big challenge to meet up with his emergency spending and wouldn't even think of buying bitcoin because he need to satisfy himself and his family first,which might be impossible most times. Emergency spending most times consumes major part of one's income because it is natural that we can't see into the future to know what will befall us and know how much is needed everyday for our emergency spending.