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.
People with misunderstanding, these are different things altogether, the difference is like indulging in an activity that does not guarantee a 100% assurance of making money through it, though I see people that trade as though they are into it to make fast money, to me there is no short cut in bitcoin investment profit, most times when you think that you want to outsmart the market, you will end up being outshined by what ever tricks you use, bitcoin investment is meant for people with the spirit of perseverance and patience that's why hodling was introduced, why bitcoin has not collapse is because of the holding system, the premature sellers were bridged with this process, the future and continues existence of bitcoin depends on the hodlers that's why hodling will never go into extinction, people with long term holding mindset always smile whenever the time is ripped.
I have actually met someone that said that holding Bitcoin is like keeping money dormant instead of putting it to profitable use. In his mind, trading Bitcoin is the fastest way to make good money and he was fully committed to getting the skills needed to make a kill off Bitcoin trading as he has seen the lifestyle of successful Bitcoin traders. I latter found out he has been following some self acclaimed successful Bitcoin traders on social media. I have actually seen a lot of them and the make trading appear to be a shortcut to wealth and will never tell you the real truth about it. So I have long discountenanced them and anyone who flaunt wealth claimed to have been made from trading Bitcoin because that is not the path I chose for myself. It may work for them but I'm not ready to gambling with something as important as my hard-earned money.
The reason for bringing this here is because there are a lot of new members I noticed that have join this discussion, so it is better they understand our general preference in this topic which is long term HODL of Bitcoin, how to start and sustain it. It has abundantly been clarified that the basic steps is ensuring that dependable source of income is established before thinking long term investment in Bitcoin because without it, HODLing Bitcoin will not work. When the source of funds have been established, then the money should generally be divided into three parts which are for basic needs, for emergency needs and then the part for investment. Each of this should be carefully calculated to be able to get them right from the beginning and when that is done, the journey of Bitcoin investment will become smooth and effortless without the panic and anxiety that many investors exhibit.