Quote from: Kliss on Today at 07:16:27 AM

Quote from: Mayor of ogba on Today at 01:19:37 AM

Quote from: royalfestus on June 03, 2024, 11:56:52 PM

Quote from: red4slash on June 03, 2024, 08:41:00 PM

Indirectly we can conclude that in the end trading is no better and even very much more risky than investing so we don't need to think too much about trading because sooner or later you will also lose in trading so by seeing that switch to investing without having to look at trading.
In addition, it seems that the discussion of trading will not be too connected when juxtaposed with the previous discussion because from the beginning we always discuss about investment not trading.
I don't want to assume they are bad traders but indeed with your narrative we also actually need to realize that doing trading especially for those people who are new to bitcoin and just learning the investment system, it will indeed be misleading because in the end investing and trading are different things and cannot be put together in a discussion.

Holding is the most profitable form of investment in cryptocurrency, but not everyone can or should hold. Trading has its place in the cryptocurrency market and should be encouraged and supported. Exchanges rely on daily trading for market manipulation and understanding the psychology of demand and supply. If trading isn't your strength, focus on what you believe in and let traders do their work. Ultimately, at some point, we all will be trading our coins.

I know that everyone will not want to hold bitcoin for the long term; some people will want to trade to get a short-term profit; and there is nothing you can tell them that will make them change their minds. Since centralized exchanges rely on trading to manipulate the market, it is enough reason for you not to lead newbies into adopting trading so that they will not be manipulated and lose the money they could have used to accumulate bitcoin and hold it for the long term. To be successful in trading, you need to have a wide knowledge of trading. You should be able to know the reason why there is a dip in the market or if there is news that will determine the outcome of the market if the news is against bitcoin, so that you will not trade that period to be safe. Learning this skill about trading is not easy; we should stay off trading to be safe from losing our money since it requires a high level of knowledge.

You are absolutely right, For many focusing on holding and accumulating Bitcoin for the long haul might be a safer in their investment. Their are numerous testimonies on how holding bitcoin for the long term pays off. It's crucial to stay informed and cautious in this fast paced crypto space to protect your investments. Trading in the crypto world can be a risky game, especially for those new to the scene. Centralized exchanges do rely heavily on trading for market movements, and that can lead to manipulation, making it tough for beginners to navigate. Understanding the ins and outs of trading, like market dips and news impact, requires a deep level of knowledge and skill.

I prefer holding bitcoin for the long term so that investors with large capital (whales) will not use me as exit liquidity. And it is through holding that you can see the profit that will give you financial freedom and help you live a comfortable life. We have seen people retire from their jobs just because of the profits they get from their long-term bitcoin investments. One way to ignore trading is to never attempt to do it, because once you lose money in trading, you will want to recover your money without knowing that you will keep losing more of your money.