Post
Topic
Board Bitcoin Discussion
Re: Is it better to invest or trade Bitcoin?
by
bitgolden
on 24/10/2023, 14:39:23 UTC
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.
This is sort of my approach as well, I do not see the extra added benefit of it all that much, I feel like I am doing alright as it is and do not feel the need to trade just to make a profit. Investment brings me enough profit, so far it has been good to me and I doubt that it would get any worse on the long run neither.

People who bought as much bitcoin as they possibly could during this bear period in the last 2 years since the last ATH happened and started to fall, would end up with a lot of time to collect and accumulate, and those people who kept it and didn't sell during all this time, could be making a huge huge profit next year when the bull run starts. That's the most important thing and should go on for as long as possible.