Newbie traders should know that they should use the amount of money they can afford to lose to trade.
We can see bitcoin at its low price, instead of some people to just DCA and accumulate, they may prefer to trade, I will advice you not to lose the coming opportunity as some people might lost in the last bull run. Some people are believing that there will be no bull run again in a 4 year cycle, I am not still one of that people, I believe we are still going another round again.
If you know that you are trading and losing your money, it is better to think about this twice or three time or more before making the wrong decision that you will later blame yourself for. We are in accumulation period, try and hold and accumulate.
My advice to traders that are losing is to still continue to trade, but using just 20% while 80% should go into holding. What do you people think about this? Out of 100% fund, what percentage can you advice a trader to use?
Bitcoin price is very low right now. I think it is high time to buy bitcoin. If anyone want to invest on bitcoin that will be profitable there has no doubt. If you think it is risky then you can do DCA it is best policy for long time investment. And i like your advice to invest we will use 20% of our fund. And 80% for holding. It is great policy. I am also agree with your thinking. I also think all fund shouldn’t use for trading. Some fund should trade and some fund should hold is best policy.
That's how it should be because when funds are not managed properly, it will end badly too,
using all the funds to trade then it is very risky because the possibility of losing money is very large and in the end you have nothing,
Bitcoin for long term investment is very feasible and no need to think twice about investing in Bitcoin.
Things like that really need to be considered too because money is managed properly then the results will be good too,
trading itself is full of risks so when we use all the available funds for trading it is clear that the risk is big,
for long term investment top coin is still a viable and safer choice.