Quote from: EarnOnVictor on July 24, 2024, 10:25:28 AM

Quote from: Odohu on July 23, 2024, 10:30:28 AM

If Bitcoin humbles you, then you will understand that the best decision is never to attempt to predict the price of Bitcoin and even commit your money to it. Bitcoin is volatile and should not be messed with if you love your money.

What is the big deal about Bitcoin that you made it look as dreadful as this? You must be so new to the financial market. Are there no investors/traders earning from it?

Bitcoin is the least of my headaches when it comes to financial investment, it's too easy for me to the point that I consider it "free money." It might not be the same for you since you might be the investors of the crypto-era, the experience is still never there, but don't discourage others. Bitcoin doesn't dare to breathe when the volatility of asset classes like Gold, Crude oil, Indices etc are talking. I started with them, so I know an easy asset when I see one.

There likely are some folks who can set up trading systems that are profitable, even that potentially out earns bitcoin as a long term investment, yet those folks are rare and they also should not be promoting trading as if it were a basic skill that is preferable to investing long term into bitcoin.

Many times we cannot even figure out if a trading versus a long term investment strategy is doing better until perhaps the passages of one or two cycles, and surely historically the guys who had mostly held bitcoin have tended outperform the traders, yet surely there are going to be exceptions in which traders have done better, yet those are rare, and there are not systematic ways to show trading techniques because they are way more complicated than the various buy and holding strategies that accumulation of BTC through DCA, buying dips, lump sum and holding.. and not getting involved in selling or trading or gambling.

Part of your problem is to seeming want to promote trading as if it were something that were obvious, when the fact of the matter, more than 90% and maybe even more than 95% of normies are not really capable of setting forth trading practices that are likely to outperform BTC accumulation strategies that mostly focus on buying and holding.

I will also concede that for traders, there are surely ways to make a lot of profits with volatility, so bitcoin fits the bill for volatility, and sure maybe in the end, as you suggested, there are ways that bitcoin is volatile in more predictable ways than some other assets that you might have otherwise been trying to trade and getting worse results in terms of figuring out both degree of volatility and price direction.. but that still does not mean that trading should be easily gone into by an overwhelming majority of normal people unless they are ready, willing and able to spend a lot of time learning and potentially a decent amount of time losing money while they are learning. which is less likely to be the case with solid investment strategies that last 4-10 years or longer..and yeah investing is not guaranteed either so folks still have to figure out a BTC position size and accumulating approach that is comfortable for their personal circumstances..