Post
Topic
Board Bitcoin Discussion
Merits 2 from 2 users
Re: Is it better to invest or trade Bitcoin?
by
Sim_card
on 24/10/2023, 08:09:56 UTC
⭐ Merited by JayJuanGee (1) ,fillippone (1)
I see trading as a waste of time and lack of rest of mind, all the time you are reading charts and looking at bitcoin price and at the end, you might still run at loss. Trading comes with little profit and it is very risky, because the probability of running at loss is higher than making profit. Bitcoin is not a get rich quick scheme due to its volatile nature. One of the basic concept of bitcoin is that you should only invest the the amount of money that you can afford to lose, and that you should invest for a long period of time. This is because if you invest with the amount that you can afford to lose, you wouldn't panic and sell your coins when bitcoin price goes below your entry point, you will ignore that fear and leave your bitcoin in your wallet. The best way to make profit on bitcoin is to go on a long term bitcoin journey and use DCA method regularly to increase your bitcoin, because bitcoin price will keep pumping till infinity.