Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: Knowledge vs hodlings
by
Raflesia
on 07/10/2023, 18:51:03 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.
I think it's worth pointing out that when you say you need to spend a lot of time and knowledge then it's possible to do it even though the risk is still very large when compared to investing and indeed we must also realize that point is important so if you are not prepared to lose very much in trading then don't try it and it's better to move your intention to investing rather than trading.
In the end it will be much more worth it than forcing trading which will actually damage you mentally especially when you don't know how and result in you feeling cheated. Keep in mind only 1 in hundreds or thousands of traders can succeed from trading the rest will only be a loss and this will be very different if you do it in investment because in the end by investing in bitcoin you will still get your bitcoin (like you bought) even though the value in terms of fiat may shrink but when you survive and become hodlers and continue to be consistent in your investment I think it will be very much more profitable at the end.