Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Road to 100k?
by
virasog
on 22/07/2024, 17:52:55 UTC
⭐ Merited by JayJuanGee (1)

Im not recommending trading, I wouldnt do that any more then recommending the next horse to win a race.  There is a parallel in trading and gambling I agree, but people do want to discuss the market direction  and I think that is fair to discuss and whether people act with conviction to buy more or less is upto them.   I agree people should be doing DCA in growth assets & I would have agreed with that strategy even before BTC was invented.

 Majority of people wont be good at trading, if BTC is a bull market - it is, then there is a higher danger of missing out elevated by trading.   Iam interested in trading but nobody should be betting they are correct with all their BTC, its such a volatile market that would be very difficult to achieve .
Well anybody can choose to do what they want to do but there is somuch risk in trading I wouldn't advise anybody to be interested in trading Bitcoin seeing Bitcoin as a tradable coin can be very wrong for Bitcoin is more profitable if hodl for long and not to trade in a short term perspective for there is no how you can compare those investors that held there Bitcoin for long and those that go for short term purpose for those that hold for long will be happier compare to short term traders.

When there is so much temptation in trading that people will continue doing it and will not totally stop it. So instead of advising people to stop trading it is better that people would invest more portion of their money in bitcoin and trade with small percentage of their portfolio. This way their urge for trading will also be fulfilled and their money will also be safe because even if they loose in trade the money won't be much as compared to their overall portfolio.
Finally spot trading is much better and safe as compared to the future trading because of lot of manipulations by the exhanges and the whales.