Post
Topic
Board Bitcoin Discussion
Re: HODL bitcoins, you can do it! Look at HODL camp map to build up strong hands
by
Wind_FURY
on 09/03/2024, 15:32:30 UTC

Well it seems that we mostly agree on this point, even though you seem to be promoting the idea and/or practice of trading as if it were a good idea for normies, and most likely I am disagreeing mostly with your prior lack of highlighting that trading is a specialty that takes a pretty fucking long time to learn and anyone getting into trading likely should not be fucking around with large portions of their BTC stash, and so other words, any normies who want to get into trading likely need to limit their stash while they are learning and practicing and building up their skills.. and of course, people are free to do whatever they want in terms of assessing their skills and their abilities to trade, but it also seems that a lot of folks get false senses of their own grandeur and tend to devolve into gambling while proclaiming that they are investing, when they are not.
yah right, though someone may claim to be a professional trader, doesn't mean that he or she would always win in their trading. Though you may be skillful as a pro trader after a long time of learning about how trading work and all that, doesn't makes losses negligible because as trader still you  can't predict the market movement , and most time  market may not move you way . The other things that differentiates a pro trader from a normies is their experience and the way they managed themselves when trading, and pro traders still make mistakes (because as humans we band to make mistakes) that may cause them huge losses now think about a normies with half-size knowledge. So I also agree that doing some regular jobs outside this space to increase your income. would be better than taking trading as a full time because is either you win or you loss. Have seen a scenario whereby someone lose his whole capital in trading expecially those that engage with future trading. That in most cases people takes trading as side hustling, as someone who's still new in this space and still have a thing for trading I would advice you to have a good job outside this space, trade wisely and as you are trading Same time try all means to allocate more percentage of your earnings in  accumulation of  some quantity of bitcoin in your portfolio (for holding) .


Sometimes people caught up on fantasy that they can earn once they trade and became pro but they forget to know that it need full time or full attention


They also forget to use Bitcoin as a benchmark from where the value of their capital is based from? Why? Because if a "trader" can't outperform Bitcoin, then why be a "trader"? Simply be a HODLer and try add units in your capital in Bitcoin by buying the DIP and/or DCA.

¯\_(ツ)_/¯

Quote

so if they can't put their presence on their trades then there's a high chance for them to lose. That's why its never recommended for the to do it and that means trading is not for everyone. That's why there's other option that can take by busy persons or regular dudes which it doesn't need heavy technical skills and the only thing they can do is to have some plans for future then accumulate then wait for many years for bitcoin to increase its price.

Although there will be a lot of challenges but if they gain experience for doing it and financially prepared for sure they can be successful on their HODL plan. At early stage of their career trading is been introduce for sure these guys will realize that to hodl bitcoins is more better option rather than trading it regularly.


There probably should be a service that accepts Bitcoin as collateral for borrowing fiat, then use the fiat to earn interest in money market funds.