Post
Topic
Board Beginners & Help
Re: Just HODL
by
Pokapoka124
on 13/01/2024, 21:52:06 UTC
People have been brainwashed into thinking there's more profits in trading than hodling, they consider hodling to be boring and I have seen people saying trading is a way of making passive income from Bitcoin and people believe them without understanding what passive interest income is.

You’re right. I think people have become accustomed to the idea that Bitcoin can make one rich overnight. That is why the idea of buying bitcoins and hodling for long term does not excite people as much as the possibilities of gaining profits from day trading. They believe Bitcoin to be magic money and want to make multiple gains on their investment in real-time. And if they do not know how to trade, they will look for trading bots or signals to buy. Some may even invest their money in high yield investment scams.