Post
Topic
Board Bitcoin Discussion
Re: Accumulating Bitcoin or trading Bitcoin which is more wise to do.
by
Antotena
on 04/05/2024, 09:01:42 UTC
A lot of people are also confused on whether to accumulate and hold as many as possible or to start trading it.
Bitcoin will grow more bigger and stronger as the day goes by, people who had opportunity to invest in it 10 years ago and never did are regretting it till date, accumulating as many Bitcoin as possible will be the must wise thing someone will do than trading it.

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.

Trading has its advantages and holding Bitcoin has its own advantage in the sense that you can buy Bitcoin at low price and then sell when its higher with profits but it's not every coin that you will trade and get a reasonable profit.Holding Bitcoin is psychologically stressful and emotionally but trading isn't that same because of the stop loss use, however trading is energy draining and stressful because if you don't have the knowledge, you would probably make nothing.

Another advantage of trading is that there is a way you can buy more Bitcoin with less than the amount you have, for instance with small amount of money, you can buy margin of Bitcoin with 3x or even more depending on how the exchange is able to borrow you, if you are good in margin trading you can use that to buy more Bitcoin and sell when profitable.