What is working for you will not work for everyone, if trading is the best way that you are using to double your bitcoin, there is no problem about that but one thing that I know is that it is not a ln ideal practice for new investors who have only the basic knowledge of bitcoin, because the last time that I checked majority of traders are running at loss and they are after little profit instead of investing for a long term goal to give their old age financial back up plan. Will you continue to trade till old age.
C'mon big up man and think on investing for a long term and grow your bitcoin investment for 4-10 years and above to be proud that you have an investment that is generating profit steadily. Trading will only give you little profit and mess with your emotions because all the time, you are thinking of the market and the price of bitcoin. Have you ever thought that what if you sell and plan to buy back, during the bear market and the price did not dip to your expectations.
You are old in the bitcoin game like you claim and whatever decisions and action that you make, you will be held responsible for it. Let new investors first start with investing in bitcoin and have a good size of bitcoin stash before they can think of shaving off profit and that will take them a very long period of time maybe 10- 20years. Investing is better than trading and very easy to practice with very low risk and this is why people should invest.
I think you need to free this young man here as you are misunderstanding him after he had explained enough in his last quote. Trading is an option and not a must so he said. If a person chooses trading over investment then it is his own choice. At the end of the day each and everyone of us will take full responsibility of our actions. Earnonvictor never chooses trading over investment, but he explained that some persons are willing to trade because they have had some clue or idea of how things worked for them in trading. Investment on the other hand in my opinion is better because you are reducing the risk which should be what an investor should be looking towards to and not a get-rich-quick method through trading.
Currently, there has been a lot of agony from traders around me because Bitcoin has shown crazy price movements last week and this week. Which has made a lot of them lose lots of money. It still makes me wonder why people still choose to trade or is it because of the need for everyday cash flow? If so why they dont do other business with the capital used for trading.