Post
Topic
Board Bitcoin Discussion
Re: Accumulating Bitcoin or trading Bitcoin which is more wise to do.
by
CryptopreneurBrainboss
on 09/05/2024, 03:57:46 UTC
A lot of people are also confused on whether to accumulate and hold as many as possible or to start trading it.

Accumulation is better and that is what every one that has your best interests at hand will tell you, trading isn't as successful as it seems. Trading is not what everyone should be doing especially those that don't have a trading background before coming to this industry. Don't think you can always outsmart the market because you can't. You'll lose when trading and sometimes this might be everything that you have as you won't be able to control your emotions and be practicing revenge trading to win back your earlier losses. Trading puts your Bitcoin at risk but hodling doesn't which makes it better because when hodling what's important is how well you store your Bitcoin and keep your private key safe as well and off the reach of hackers/scammers.

Quote
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.

There are actually big time traders that are killing it in the market and we'll always have new traders that will be successful but a majority aren't so you shouldn't think that the industry is very lucrative. For every one winner there are countless others that are losing but they won't come on social media to make announcement of their lost but only when they profit to draw attention to themselves. Accumulate bitcoin through dollars cost average and you will eventually get to the numbers of Bitcoin that you want to hodl and make profits without the stress of trading.