Quote from: Smilevictorobinna on Today at 09:47:35 AM

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Quote from: Smilevictorobinna on June 02, 2024, 12:33:41 PM

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Quote from: Smilevictorobinna on June 02, 2024, 10:28:32 AM

Holding and trading in Bitcoin is very important.

Trading is very sensitive. Because you should always keep updated news about the market. And a mistake is more likely to result in loss. Because the Bitcoin market is always up and down, if you can't trade on time, then you must do it at risk. This is why trading always involves a lot of risk.

I wonder why you will believe that trading is very important whn you know that the complexity in trading is beyond the accurate understanding of everyone especially those who are still new in Bitcoin, so do not regard trading as an important factor or an alternative of Bitcoin investment because you will be making a very huge mistake, perhaps the only thing that should be regarded is holding because whichever different perspective you view holding you will always arrived on a successful investment at the end or in the future, so actually if all the Short term holders and traders will see Bitcoin from my own direction they would not have been talking about trading.

Please try reading everything before you reply someone, if you read through you will see where I said hodling is the best and the safest when it comes to bitcoin investment.

Trading is also good for some people and I know a lot of people making money from it even with the risk involved when you know how it works you can make money from it however as a newbie is advised to focus only on hodling to avoid losing your money.

Even if some people are making money from trading bitcoin, it shouldn't be the subject matter so that newbies will not be distracted on their bitcoin accumulation journey and want to try out trading bitcoin for short-term gain because Smilevictorobinna said people are successful in trading. Do you know how much those people you are talking about lost in trading? They will not let you see the bad side of trading. Why will you want to adopt what will make you not to have peace of mind or time for yourself without doing anything for some time? In trading, you need to be actively watching and reading charts so that you will not lose money in trading. Even pros make mistakes in trading sometimes, which would make them lose huge money in trading. Just know that the money you get from holding your bitcoin for the long term will change your life story.

Totally agree! It still depends on your preference because both are risky. But to simply answer the question, the best way to choose from these two is to identify your goals. If you are looking for a short-term goal, then I think it's better to do trading because there are trading which allows you to buy and sell assets within the same day, so this is the best pick if you are looking for a straight and quick profit.

regardless of your goal or preference, it's still not reasonable to trade Bitcoin most expecially if you consider it to be an asset that's worth buying. If you want to buy Bitcoin and sell it the same day, what's the sense in doing that? So if we assume that today Bitcoin started at $68k and closed at $69k, how much Bitcoin would you buy within the day and still sell it today to have suggested you've made profit? Regardless of how you try to paint it, Bitcoin isn't good as a tradable asset and the urge to sell your Bitcoin whenever you're in profit is just an indication that you're just a short sighted person that isn't ready for long term holding.

Quote from: Smilevictorobinna on Today at 09:47:35 AM

But if you know to yourself that you are able to manage things very well, I think the best choice would be choosing both because you can do day trading and investing at the same time. More risk, but with more potential income.

I'm interested to know how you can trade your Bitcoin and still invest it by combing both trading and investing. Truth is that if you're a trader, you can't even do anything like investing because what trading does to you is that it shrinks your Bitcoin and keep reducing it at any moment you have a loss in your trading. There is nothing like being able to manage both trading and investing. If you're serious about making a reasonable investment, it's best you buy Bitcoin and hold it for the long term rather than trying to multiply your Bitcoin by risking it through trading.

Quote from: Smilevictorobinna on Today at 09:47:35 AM

However our responsibility is to educate the newbies on the advantage and disadvantage of the two side and allow them to pick you can't force them to do what you want.

even though I'm a newbie on the forum, I know the basics on Bitcoin before even being active here and I have already known that trading is almost the same thing as gambling and it has never ended too well with me and so I don't even consider it an option. The advantage I have come to know about buying Bitcoin on a continuous timeframe and not taking out profit sonner than expected is that it gives me the knowledge that I'm not just eating all the things I'm earning at this moment and that I'm actually preserving a fraction of it for the future which still has a higher chance of doubling or doing above my expectations with time. Even if it doesn't get to my desired position, I'm still going to be grateful that I have at least invested into my future rather than gambling with it for the short term benefit and end up using the money all up.