That where those days I was new to this crypto space, didn't have much knowledge on how things work back then all I thought was that one's it's low you buy and sell when it's high unknowingly to me was just spot trading. It's actually course me alot of losses.
Have to take my time to understand how things work In this space and this forum had also help with that. Now I'm now using DCA strategies and I'm now the long-term investment type
Long-term investment has always been more profitable than spot trading, because the two are very different jobs so the level of profit is never the same. Everyone can see that investors who invest in the long term always buy more often than sell, while traders who rely on spot always balance between buying and selling because they don't plan for the long term like investors have done so far. Currently, I am still quite happy using the DCA strategy if I want to buy something on the market because it is a strategy that has been very commonly used by many investors for a long time.Have to take my time to understand how things work In this space and this forum had also help with that. Now I'm now using DCA strategies and I'm now the long-term investment type
Even though long-term investing is likely to be more profitable for more than 90% of normal people, there are people who are able to make more by trading.
There are a lot of hurdles, and surely one of the problems is to be in and out of an investment, especially something like bitcoin, and if you are out at the wrong time, it could end up wiping out all of your profits, even if you might still be profitable in dollars, you might end up missing out on a step up that never comes back down (so you lose compounding effects).
Of course, we are not talking about trading in this thread, but it is not always going to earn less, but it seems to be quite problematic to even be attempting to trade something like bitcoin which is amongst the best of investments available (if not the best), and then some guys are dicking around trying to trade it, like they are playing with dynamite, and sure it might end up working out, but does not seem to be the kind of asset that a guy should be playing with.