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Quote from: Tmoonz on January 28, 2024, 10:52:12 PM

It's generally advisable to take a long term perspective when investing in Bitcoin and focus on the fundamental of the technology and it's potential growths.

the decision to go for either what you call long term investment which is HODLing or short term investment which I feel you're referring to TRADING depends totally on the individuals choice and experience.

For people that have mastered the art of trading, they might look at buying the DIP end HODLing it as a strategy for the inexperience ones while those that only buy the DIP and HODL might think that traders are high risk takers but the thing is more of focusing on what works well with you and sticking with it. The only issue is that because of the complexity involved with trading and the chances of a new person just starting his Bitcoin journey to experience looses more in trading than he will do in just Buying the DIP and HODLing is the main reason why it is more advisable for a beginner to start his Bitcoin investment journey by just accumulating it and Hodl.

actually of a truth each investors is entitled to there investment decisions but however that doesn't mean that trading is the best option for them because is actually not advisable, however I still wonder why most people always prefer trading instead of long time holding, perhaps it could be there perception on trading because I no of someone that just venture into Bitcoin only because he has the orientation that he could make a lot of money through Bitcoin trading so he was propelled to venture into it thinking that it will works the way he imagine it to be and now he has lost half of his money chasing Bitcoin price movement, so perhaps if most investors especially the new ones on Bitcoin investment will be able to remove the spirit of greed and focus only on the future of Bitcoin there is every possibility that they will surely do well on there investment journey.

One thing that I have observed about these newbies that join the bitcoin community because of trading is that they were misguided and misled d by the so called influncers and exchanges. The reason why I said so is that any app that you downlaod that has an ad, an exchange app ad will be part of it, where the person will make trading look very easy by saying that you can turn $100 to $1000 within a day when you are trading with their exchange. Some people who have not heard about bitcoin, hearing it first will be about trading bitcoin. So everything is just a wrong introduction from the source that they heard it from.

In 2019,when I decided to know more about bitcoin through research, I saw a post on a social media platform how trading has helped the person double his money, but I am not good at anything trading, so I said to myself that if bitcoin is all about trading, then I don't think that I will be able to go into bitcoin. Not until I came to this forum and discovered that trading is a waste of time and with no guarantee that you will make profit due to the fluctuations in bitcoin price. I was happy when I first learned that to make profit and lower the risk in bitcoin is when you hodli for long and at the same time always keep growing your portfolio gradually.

I feel for those newbies that got into bitcoin to trade, because they have been decieved that bitcoin is a get rich quick scheme, and when they eventually jump into trading, they learn a hard lesson. This is why anyone that I am introducing Bitcoin to if I must, I only tell them about investing in a long term and to keep on buying regular with their savings, or the money that they would not need for a long period of time. I don't mention anything like trading so that I don't get blamed tomorrow. Those newbies that have been decieved that trading gives quick profit because they are advertising their exchange, it is better that you do your own research properly before jumping into trading. It is your funds, and not their funds, and when you use it to trade, you will be the one to face your losses and not them. So invest wisely and hodli for long using DCA strategy to increase and grow your bitcoin portfolio bit by bit. 7

you are really right most newbies are being decieved by some influencers from social media or ads, most people testify their wins through ads and social media on how they make alot of cash by just trading a certain amount of money (making trading look like a get rich scheme) some even went further advertising their signals and most signals they advertise ain't free just imagine you buying for something that the losses in it are not negligible.

Like when I was into trading back then, damn I can't imagine what I went through mostly from the hands of shit coins it reach a certain stage that most of my Gmail messages where all about liquidation text gotten from the particular exchange am using. After making alot of loses then I realized damn!! Trading ain't for me.just imagine those hard earns I wasted on trading, I invested it I would have being in greater profit than the one I am in now. One thing I know is that making mistakes aint bad is part of us as Humans but not learning from those mistakes would be bad!!!