About trading, some traders are not only making a living out of it; they also have other things that fetch money. The reason is that in trading, you don't get success from all your invested amount; some times you experience losses, and if you are only depending on the profit from your trades, you might be under some kind of financial pressure.
There are a good number of traders who are trading full time. If you master the skill, you don't need to work. Trading is highly profitable if you are able to master the skill. Some of the richest young guys that I know are actually traders. Many of them only hedge against risk by using their profits from trading to buy Bitcoin as well as stock.
Yeah.. sure there are some traders who may well be profitable.. but this thread is mostly "anti-trading."
In this thread, we are really trying to explore the ideas that come from long term strategies that don't fuck around with trading and/or don't even expect to make more BTC by trying to sell higher and then buy back..
So the thrust here is to focus upon various buying strategies, and if we might run out of money from time to time to merely HODL.
Yeah, sure quite a bit of our discussion has been going outside of the range of the core aspects of what might relate to the overall thread topic of buying the dip and HODLing that also has quite a bit of attempts at long term BTC strategies too.. whether we are hoping to build up our BTC stash from time to time or maybe just HODL long term with BTC that we acquired way earlier in time.. and sure there could well be more validation to the idea of buying BTC on dips when we might buy a lot of BTC in big chunks and then just wait it out by building up our cash over long periods of time that would thereafter attempt to prepare us to have more cash available for further buying on dips when the dips seem sufficiently significant in light of cash that we have been building up
.....and surely there is a bit of a presumption that we are getting the cash to build up through various means that do not relate to selling BTC at higher prices.. even though surely there are likely other threads that focus on that kind of thing but if we want to at least attempt to somewhat stay within the theme of this thread we should be attempting to focus on various accumulation strategies and we should really be attempting to avoid talking about the various kinds of trading and/or selling strategies in this thread.... especially if part of the premise and perhaps assumptions for selling is the belief that you might be able to gain more wealth that way.. which does not even sound like a very strong presumption.. and I doubt that it is even very topical for us to be attempting to argue about it in this here thread.
I feeel he was actually referring to forex traders...I don't know much about Bitcoin trading and I am yet to see a successful day trader of Bitcoin. My knowledge about Bitcoin is just to buy and hold. The successful traders being referred to are actually those who trade the forex market, many of whom buy Bitcoin with part of their profits from forex.
You know capital is very important for the topic of this thread and forex seem to be one way of getting capital. So, mentioning forex trading is somehow in line as I feel some participant here also trade forex... maybe they might consider adopting the method of buying Bitcoin with their profit from forex trading.