I have observe something in this forum, a lot of people that are not trading or have traded before and had great losses which made them run away from trading are still saying trading is a good means of making profit from bitcoin when they know that the chance of making profit from trading is very slim, because only few people can devote their time and resources to learn trading and be successful at it. They will always refer to their friend that was successful from trading but the fact is that most of them don't have anybody that they know that made it through trading, the people that they refer you to are those influencers they see on social media which we know that majority of them didn't get the wealth that they are flaunting around in social media from the source they claim.
Why do they direct newbies to the wrong path when the know it is a very risky way of increasing your bitcoin portfolio. Newbies should not jump into trading in the beginning because it will slow your chance of investing into bitcoin and increasing your bitcoin stash overtime. If you want to get into bitcoin as a newbie, you should only have investing for a long term in your mind and plan for how you can achieve your bitcoin target overtime by using DCA method to buy bitcoin weekly or monthly consistently and persistently without overdoing it. Bitcoin is not a get rich quick scheme which those influencers are making you think it is through trading. Trading eats up your capital but investing saves your capital from inflation and gives you profit overtime.
Do we have anybody that has made success through trading, come and clear my doubt. I know that we have long term investors that are still hodling with huge profit.
Let's discuss.