Quote from: DabsPoorVersion on Today at 12:46:42 PM

Quote from: Wend on Today at 11:55:39 AM

Quote from: Sim_card on Today at 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.

Frankly speaking, everyone wants to make a profit every day or make a quick profit, including you and me. But most people choose to invest and hold more because they do not have enough knowledge to trade, they realize that it is too difficult for them and holding would be a safer method. Don't say that trading is a waste or not worth participating in, simply because we don't have enough knowledge and experience to make money with it, so we don't like it. Trading or holding both have the goal of making a profit and each person can choose according to their preferences and abilities.

People really do this. They tend to do investing while trading even without enough knowledge. The reason behind this is they see other traders earning a decent amount of money. Then, after trying to do trading and getting influenced to start trading by other people, they end up losing money as they don't know what they are doing.

In the end, a realization will come to them, however, it's too late as they already lost money. This serves as a learning lesson that they will never forget because instead of investing while gaining knowledge, they let their emotion take over them and immediately start trading.

Anyone wants to make money in a short time through trading but most will fail because it is not as easy as many people think. And after they lose money from trading, they know that it is not for them and they are not suitable for it so they start to dislike it and think it is a waste of time. But if they can profit from trading, they will say good things about trading and criticize holding as a waste of time. I guess the people who don't like trading and talk bad about it are the ones who have lost money while trading, LOL.