Quote from: Smilevictorobinna on May 03, 2024, 06:29:24 PM

Am not saying those that trade Bitcoin are not making it big but accumulating Bitcoin is a lifetime investment and it will be more profitable.
So don't be confused anymore accurate as many Bitcoin as possible and hold on to it.

Have you tried to know their real intention toward this space?
many with different view on how they sees bitcoin while there are people who came here to source for all necessary information on how to succeed for long run while holding bitcoin. There are people who had this mind of buying and selling bitcoin just for profit maximization and utilization because holding could seems a waste of time for them since they can't hodl for long period of time rather they could decides to sell and buy with this that can keep their profits running at all time. While there are people who thought that trading bitcoin is waste of resources rather they would choose to hold for long time not just that but for decades because they knows the benefits they could derived after holding for that long than just keep selling and selling and buying and selling.

Quote from: Frankolala on May 03, 2024, 06:36:18 PM

Hodlers are making profits with ease because their bitcoin portfolio generates profits for them overtime. Unlike traders that will pass through stress and emotions and might still run at loss. Trading is risky and can lead to great loss, but hodli is easy and limits losses, since the price of bitcoin increases overtime.

You are absolutely correct my mate
Just imagine someone starting a trading with $10k and someone also starting investment with same $10k what would be their results if it happens that trading is not a professional for that case? This shows that the investor won't lose any money except something very unusual happens to bitcoin which could like caused the price of bitcoin to dropped above what they invested, and for the trading he already at lost because they had already traded with some percentage probably losing about 2k from the trading while the holder just have his complete digits in bitcoin, whenever the prices bounces back he gets back his money and also makes more profits for holdings.

Quote from: _BlackStar on May 03, 2024, 09:51:16 PM

Quote from: Frankolala on May 03, 2024, 06:36:18 PM

Only 10% of traders make profit from trading, the rest always run at loss in the market.

I'm not sure you really know what percentage of traders are able to make a profit from trading. Do you have data about that?

I think he is speaking based on his personal view and experience so far, there most be a data for him to prove is right or correct. You know most people especially new trader always think trading is that easy and lot of them has been failing in trading if they don't apply the right strategies to succeed in trading. Initially i was also putting interest in trading but when i looked at the stress and time consuming it's i decided to overlook that way and focused on holding because is more stressful some times you could lose very hard although was combining with shitcoin when list on some exchange and I have leant my lesson never to focused much on altcoin trading since its very much volatile.

Quote from: Nwada001 on May 03, 2024, 10:35:36 PM

Some people feel like holding bitcoin is really a waste of time due to how they feel that they can really make a fortune if they trade it, which many do, but a lot of people have lost their investment due to the wrong timing on the bitcoin market. It's highly volatile nature makes it more risky and harder for its movement to be predicted.

At first they need to know what they are doing because most people are so confused of their lives because whenever they hears someone talking about trading they feels is so common to handle without knowing it requires more technicalities to succeed in trading for long run. So the best option is to hold for long term, although they can trade if they think profiting is very much easy while they keep trading but could be bad to fool oneself after knowing that they aren't succeeding as they trade.