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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.

Trading in Bitcoin is as easy as we think if it is well researched but it is not that easy because there is a lot to know and a lot of knowledge has to be followed by applying the right strategy and then using it properly. Some of us traders have this misconception that they will only buy one coin and when the price of that coin increases they will sell that coin and thus they will continue to profit. But the market does not change as easily as our plans or our expectations in reality.

We need to study enough about trading and to study enough we need to acquire proper skill about trading and when we gain more skill about trading then we will be able to apply that skill and trade properly. Even if you trade many times with the right strategy and correct prediction, it can be seen that the trader is in loss because the market changes are undesirable.
So instead of taking this issue so easily, we should definitely take this issue seriously and accordingly we should make preparations in advance and then start trading.

In as much as it is not a trading discussion thread and considering the fact that there are newbies coming to this thread as well, I don't think if your naratives about trading in this thread is welcomed and appropriate as this can be more discussed exhaustibly as much as you want in the trading discussion board, this is a Bitcoin long term investment discussion thread, but yeah any one can do whatever they like but the bitter truth must be told that Bitcoin is not a tradable coin but a coin that is best performed when view on a long term perspective as it gives you the peace of mind needed to grow your asset rather than trading that is very complex even to experience ones let alone the newbie as it is associated with emotional devastation , it is best you buy Bitcoin and hold for as long as possibly 4 to 10 years or more where you can have compounded value of your investment over period a of time.

Investment in bitcoin should be for longer term and not short term ,there is no doubt about that but saying that bitcoin is not a tradable coin is something I don't understand. You can't buy when there is no seller and as long as buying and selling is taking place trading has occurred. You also said
"Buy and hold" .before you can buy there must be a market where they are trading bitcoin (seller) and don't forget the name of this tread buy the dip and hold.before you buy the dip and hold there must be a market ,trader or seller who is willing to trade bitcoin with you. So it quite wrong to say that bitcoin is not a tradable coin. Rather you should have just pointed out the benefit of longer term investment to newbie.

I completely agree with you but don't be in a hurry to forget that words can be denoted and as well being talk about based on a context, yeah you can denote trading in terms of an exchange between two or more entities or body, but contextually while considering Bitcoin investment in terms of long term perspective plan, trading is been considered to be a short term plan which aim is only to maximize opportunities for quick profits within the shortest time frame.