Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: Knowledge vs hodlings
by
Altryist
on 07/10/2023, 11:01:07 UTC
⭐ Merited by JayJuanGee (1)
Fuck traders.  That is a specialty field.  Not very many traders actually make money, and it is not very smart to just jump into trading if you think that you want to make money, unless you learn that kind of a specialty, and you surely do not need to learn how to trade in order to figure out how to accumulate bitcoin and to invest into bitcoin... unless you are just trying to lose money, entertain yourself and/or gamble, which might be all fun and games until you might spend several years of your life fucking around with that kind of fun and thinking that you are going to get rich when in fact you end up making no progress or getting anywhere and when you should have had been taking a more prudent and practical approach, especially when it comes to bitcoin .. which is likely one of the best (if not the best) investment assets that have ever come available.. and hopefully you are not so dumb as to waste a good opportunity by getting overly greedy and failing/refusing to take a more practical approach with such a great asymmetric bet to the upside (namely bitcoin).
Some traders can make money, but this must be assessed from the point of view that they previously had to spend a lot of time to gain knowledge, and perhaps all this time they were losing money. Statistics say that only a few percent of traders become successful, and for the rest it is simply a waste of money, time and perhaps nothing more than gambling.

We need to think carefully before engaging in trading, because we can simply hold Bitcoin and make a profit. This is not the only investment that can make a profit, but if compared with traditional directions, their payback can be from 5 years, at least that’s how it works for me. During the same time, Bitcoin is capable of bringing in several times more profit, so its advantage is obvious.