Quote from: ultrloa on October 24, 2023, 08:34:32 AM

Quote from: LittleBitFunny on October 24, 2023, 08:28:18 AM

Quote from: Sim_card on October 24, 2023, 08:09:56 AM

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.

It also cannot be said that bitcoin trading is a waste of time and money. Just because we can't profit from trading doesn't mean others can't either. I couldn't do that either, but I remember even on our forum there were some people claiming that they could make money from trading and even consider it a source of income to support their families. That proves that not everyone will lose money when trading.

Trading or investing long-term depends on each person's preferences, you are a long-term holder but you should not say trading is bad. You and I can't make money trading, but maybe OP is better than us?

People who didn't get a result for trading bitcoin might think that bitcoin trading is really a waste of time since they forget the fact that trading it would take time especially if they do spot trades. But if they are into future they can possibly figure out that trading it would be profitable the same with other coins they trade. But unfortunately for those people saying negative about that want to see immediate result so they get dismayed since bitcoin is for long term just like what we experiencing at the moment where good pump happen.

Trading or investing like hodling for long term really depends on the person since as said not everyone could able to trade it right since some think about getting rich quickly without knowing the whole stats going on bitcoin. But if they could just save it and intend to hold for long term maybe case will be different and they find it a good option to trade.

If they are newbies, they should avoid trading when starting, they will lose money because they do not have experience and knowledge, investing will be more suitable for them. But if someone has knowledge about the market and wants to try trading, they can also start because it is also one of the methods of making profits in this market.

There are many people who have been making profits from trading, it is not as bad as many people have experienced. So, I find it quite funny that many people don't like trading just because they can't make a profit from it. What's worse is that they are giving advice to others to stay away from trading just because they are not making profits. They think everyone will be like them, LOL.