Quote from: adultcrypto on March 11, 2024, 02:53:54 PM

Quote from: Iranus on March 11, 2024, 04:29:39 AM

Quote from: boyptc on March 10, 2024, 09:49:12 PM

They are in belief that being a trader is the way to riches but they don't realize that it's the hardest path and we've got some easiest strategy and that's effortless through DCA.

Being a holder and just adding up more bitcoins by having buying is what they just have to realize that they'd able to see why we keep on telling and suggesting people to do it.

No need to get into the battle of hassle with other traders when you can HODL and DCA.

It cannot be denied that buying and holding bitcoins is the safest way to invest in bitcoins, but for those with the ability and skills to trade, trading to increase the amount of bitcoins is not so bad. Just because we can't win at trading doesn't mean everyone is like us. I have a friend who makes a living as a day trader and so far he's been fine. It can be said that everyone has different skills, so we should know who we are and what our strengths are so that we can make appropriate choices that bring the best benefits to us. Don't imitate others just because they are successful that way, each person has a different path to success.

I will not want to encourage anyone to trade Bitcoin, it most times don't end well and make people have bad things to say about bitcoin. As we are discussing how to hold for long time, discussing trading of bitcoin here might be out of place. There is a proper section for trading and that place is agoge with different trading strategies that can be used to supposedly increase the Bitcoin.

You already supported the fact that buying and holding bitcoin is the safest way to invest in Bitcoin, why will you jettison the safest way for some risky way with promise of huge gains that is not even guaranteed? It is not the best way to go about investing in bitcoin. I started as a trader so I know how tricky it can be even to those who think they have mastered the skills. More often than not, people end of losing their entire assets to trading when they were hoping to make major wins. Therefore, buying bitcoin and holding is the best approach.

I couldn't agree more with you mate.
To encourage someone to go into Bitcoin trading without first warning him about the potential risks involved in trading is just like handing the person a lit stick of dynamite without first informing the person that it's gon explode.
It's important to always tell people and make them see that Bitcoin investment isn't like Altcoins and shitcoins, which involves gambling your funds, all in the name of cryptocurrency investment. It's important to always make them see that when the topic of Bitcoin investment comes up, the first thing that should come into the mind is 3 things.
1. BUY
2. HODL and
3. LONG-TERM
When talking about long-term Bitcoin holding, it's essential to focus on the merits of buy and hold approach without getting lured into the pitfalls of trading. I'm not saying that Bitcoin trading is completely bad, no, I'd be damned if I said so, all I'm saying is that it's not the right and best approach to employ when investing in Bitcoin, especially for new investors. So it's not the right subject for this discussion.

By keeping the conversation focused on the advantages of buy and hold approach for Bitcoin, you can offer a more balanced view of Bitcoin investment. you'd providing a more clearer picture of the potential benefits of Bitcoin without actually leaving out any important details about the risks associated with trading.

Quote from: Tmoonz on March 11, 2024, 05:09:16 PM

Quote from: adultcrypto on March 11, 2024, 02:53:54 PM

Quote from: Iranus on March 11, 2024, 04:29:39 AM

Quote from: boyptc on March 10, 2024, 09:49:12 PM

They are in belief that being a trader is the way to riches but they don't realize that it's the hardest path and we've got some easiest strategy and that's effortless through DCA.

Being a holder and just adding up more bitcoins by having buying is what they just have to realize that they'd able to see why we keep on telling and suggesting people to do it.

No need to get into the battle of hassle with other traders when you can HODL and DCA.

It cannot be denied that buying and holding bitcoins is the safest way to invest in bitcoins, but for those with the ability and skills to trade, trading to increase the amount of bitcoins is not so bad. Just because we can't win at trading doesn't mean everyone is like us. I have a friend who makes a living as a day trader and so far he's been fine. It can be said that everyone has different skills, so we should know who we are and what our strengths are so that we can make appropriate choices that bring the best benefits to us. Don't imitate others just because they are successful that way, each person has a different path to success.

I will not want to encourage anyone to trade Bitcoin, it most times don't end well and make people have bad things to say about bitcoin. As we are discussing how to hold for long time, discussing trading of bitcoin here might be out of place. There is a proper section for trading and that place is agoge with different trading strategies that can be used to supposedly increase the Bitcoin.

You already supported the fact that buying and holding bitcoin is the safest way to invest in Bitcoin, why will you jettison the safest way for some risky way with promise of huge gains that is not even guaranteed? It is not the best way to go about investing in bitcoin. I started as a trader so I know how tricky it can be even to those who think they have mastered the skills. More often than not, people end of losing their entire assets to trading when they were hoping to make major wins. Therefore, buying bitcoin and holding is the best approach.

The truth is that majority has failed to recognize the long term potential that Bitcoin holds, they are carried away by short term profits which can not in any way be compare with the substantial benefit of long term Bitcoin investment where you will have the compounded value of your investment over time, Bitcoin investment is best for long term perspective and not for short term trading, Bitcoin is also known as a store of value and wealth for future generation. Trading is very complex even to old and experience one and there is much emotional devastation monitoring the market movement making it very risky but with your dca in long term investment you have the peace of mind needed to grow your asset.

When it comes to Bitcoin investing, the great majority of people miss the big picture. They're so focused on short-term gains that they overlook the enormous possibilities of long-term investing.
Buy-and-hold investing, also known as DCA, is the best approach to increase the value of your Bitcoin investment. By investing little amounts on a regular basis over time, you may avoid making emotional decisions and capitalize on Bitcoin's development potential.
When you invest in Bitcoin utilizing the DCA technique, you are effectively hedging the odds. By investing little amounts on a regular basis, you can buy Bitcoin at different prices.

This means you're not just buying when the price is high, but also when it's low, allowing you to average out your investment costs over time.
In the long run, this method can help you avoid the traps of attempting to time the market, which is extremely hard even for experienced investors. And when Bitcoin's price eventually rises again, you'll be rewarded with a bigger overall return on your investment.

Quote from: I_Anime on Today at 12:37:30 AM

Quote from: Gormicsta on March 11, 2024, 02:15:32 PM

Absolutely! Not everyone is cut from the same cloth when it comes to investing, and that's fine. Some people are natural traders, able to navigate the market's ups and downs and come out on top. But, let's be honest, trading is a high-risk game that may quickly result in tears if you don't know what you're doing.
The majority of people believe that purchasing and holding Bitcoin, typically referred to as "HODLing," is the safest and most trustworthy method. It may not be as thrilling as trading, but it's a good strategy to build up your Bitcoin holdings over time.

Yeah yah damn right , Trading with emotion can take a toll on your mental health, back then when was still basing in trading , my trading section normally determine my mood of that day either causing anxiety, fear, frustration. But ever since being holding bitcoin I don't actually feel more stress or show any signs of panicky, because I know that is bitcoin am holding not some shit coin . Because any time bitcoin undergo decrease in value it always bounce back stronger . So there's no need to show any fear , and one criteria of being an investor is to be ready for any thing.

That's right, Mate. Trading with emotions is like attempting to swim with a heavy weight on your back; it won't go well. But if you're in it for a long time with Bitcoin, it's like wearing a life jacket—you're safe and comfortable knowing that Bitcoin has a proven track record of recovering stronger following price drops.
As a Bitcoin investor, it is critical to acquire a long-term attitude and a healthy sense of detachment. Remember that you're in it for the long run, so don't let short-term volatility undermine your faith.
Trust in Bitcoin's resilience and potential for long-term growth, as these are the two most important qualities that make it an excellent choice for long-term investors. Despite its volatility, Bitcoin has a history of weathering storms and emerging stronger than before, making it a compelling alternative for people with a high risk tolerance.

Quote from: Obim34 on Today at 01:05:30 AM

Quote from: Iranus on March 11, 2024, 04:29:39 AM

Quote from: boyptc on March 10, 2024, 09:49:12 PM

Quote from: Wind_FURY on March 09, 2024, 03:32:30 PM

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.

They are in belief that being a trader is the way to riches but they don't realize that it's the hardest path and we've got some easiest strategy and that's effortless through DCA.

Being a holder and just adding up more bitcoins by having buying is what they just have to realize that they'd able to see why we keep on telling and suggesting people to do it.

No need to get into the battle of hassle with other traders when you can HODL and DCA.

It cannot be denied that buying and holding bitcoins is the safest way to invest in bitcoins, but for those with the ability and skills to trade, trading to increase the amount of bitcoins is not so bad. Just because we can't win at trading doesn't mean everyone is like us. I have a friend who makes a living as a day trader and so far he's been fine. It can be said that everyone has different skills, so we should know who we are and what our strengths are so that we can make appropriate choices that bring the best benefits to us. Don't imitate others just because they are successful that way, each person has a different path to success.

I don't think they were trying to conclusively decide for everyone, they where probably mapping out dangers from their own perspective on the dangers, stress and anxiety to be faced while doing more of trading than holding. What now causes majority people to trade is due to greed and lack of patience to hold for long time, they quickly want to earn profits not even test running if they are capable of doing it and we can see some of them at the very end left with nothing to talk about.

It is no longer news that greed and impatience have led many Bitcoin traders into trouble. It's like the gold rush all over again, with people pursuing rapid profits only to come up empty-handed when the market reverses.
In the world of Bitcoin, remember that slow and steady wins the race. Trying to time the market is a fool's errand that usually results in nothing but a handful of dust. However, if you can keep your head in the game and adhere to a long-term buy-and-hold strategy, you'll not only save yourself from the mental stress that comes with trading, but you'll also maximize even more earnings overtime.

By investing in Bitcoin for the long term and refusing the temptation to trade based on short-term market fluctuations, you increase your chances of achieving steady, long-term growth.
When you invest in Bitcoin for the long term, you aren't trying to time the market or predict short-term trends. Instead, you're investing in Bitcoin's future ability to develop and impact the global economy, as well as reaping the benefits of compounding theory.