Post
Topic
Board Bitcoin Discussion
Re: 🔥 Bitcoin Buy and Hold 👑
by
Taskford
on 04/04/2024, 10:19:26 UTC

Do any of you remember five months ago I started trading with just $100 and today I own $1130 and I respect Bitcoin a lot and it is slowly brightening my future and I have gained a lot of knowledge from Bitcoin in these five years and  With this I want to earn more money in my future and I want to say to all you all can buy bitcoin and hold it and you will have a very bright life in your future you are too bad my friend earned a lot of money in 5 months but today he lost a lot of money in 2 months  Because he got addicted to gambling and I buy and hold bitcoins and slowly trade to own $1130 today Bitcoin is really brightening my future.

We never get addicted to anything and try to do whatever we do with our talent then we will get success in no time.


I don't know how true your story is, but if you truly used $100 to make $1130 in trading between the few months you mentioned, I will say you are a good and experienced trader because trading is not that easy to make this kind of profit in such a short period of time unless you are a genius. Trading is really risky.
 
If you advise people to invest in Bitcoin, like buying and holding for a long period of time, instead of wasting the money on gambling, it really is a very good suggestion. It will be better to have those funds invested in bitcoin than just wasting it on gambling, but I will suggest that people should involve themselves in trading, especially if they are newbies, unless someone has enough knowledge about trading. 

I can't call him good for that span since there are scenarios that some new trader can able to earn that due to luck. But if he can able to sustain to get profits and have good discipline on the trades he made and have good strategy applied on each trading decisions he drops then provably we can say that he's really good and absorbing all of those information's that can help him to become a good trader.

Also its generic advise to buy and hold but its hard to execute since there's a lot of temptation out there that can disturb the attention of people and can shift their decision towards their investment they made. But also at least they can read up some good suggestion so they can able to decide either to follow or ignore it. But at early stage of their career on bitcoin and other crypto they really need to experience first on how to trade so that they can learn a lot of things and that can help them to strengthen their beliefs that holding bitcoin is much better than spending it on other more riskier things.