Re: Road to 100k?

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.

You sound like an inexperienced trader. Though it's good advice if one can not handle trading, investment is less risky, so why not opt for it? Still, you do not have to discourage people, especially with Bitcoin trading which I deem to be one of the easiest assets to be traded in the financial market. But the issue with people is that they would want to trade Bitcoin in the regular way, that's off. Any margined products will always be risky, which is why one may plan the trading according to the nature of Bitcoin.

It's a well-known fact that Bitcoin moves in season/cycle, so why not wait till a bearish season ends and buy your Bitcoin on the futures market with the right plan and management? This trade is set to be left alone for at least a year and many months. Any trader who can do this regularly will not have any reason to be sad about Bitcoin trading, it's only the short-term traders who have enough to worry about.

Yes you are right am an inexperience trader when it come to Bitcoin investment I don't gamble or trade with my Bitcoin I can see that you are a full time Bitcoin trader, when it comes to Bitcoin investment you should have keep it for your self rather than posting it here for it can mislead some newbies who may visit this thread having an intention to invest in Bitcoin believing that trading in Bitcoin will be the best option to go but wrong. Trading is might result to great lost, for is best to invest in Bitcoin for a long time purpose with your DCA method buying Bitcoin bit by bit weekly or monthly to help your grow a good Bitcoin portfolio it Bitcoin stack.

People choose trade and end up with lose basically because they lack the skills and knowledge when it comes to trading field. For example, an investor will always go for investment meanwhile traders will go for trading so all this doesn’t matter. The only problem I get with traders or rather newly traders with zero strategy is they always want quick profit without learning first and most times they feel trading is easy compared with investing but that’s a lie, there’s this saying “what you know best will always speak for you “ meaning everyone should have the basic knowledge first before going deeply for example; bitcoin investment is program as a long term investment whereby an investor is expected to buy and hold secondly emergency funds is also needed more like a back up fund, etc. After reading different comments I think I understand, maintaining discussion is hard most times mostly when the discussion is not about trade rather holding so it’s best we try not to go off as there’s a board for trade and different kinds of discussions.

You are absolutely correct when you said people choose trade and end up making loss but I don't agree with you when you said the reason they make loss is because they lack the skills and knowledge, loss and profit is something that is band to happen provided you go into trading and so making loss doesn't necessarily mean someone lack skills and knowledge, if I may ask those people who they called expertise that makes loss do they also lack skills and knowledge? Off course they don't lack skills and knowledge.

Moreover, that is the nature of Crypto just imagine people making profit no loss don't you think it will look somehow. One can't actually understand everything about it I mean it's infinity, very complex, very broad. We are know that everyone wants profit but going into trading as a newbie is very wrong and it's not advisable but I have also come to understand that most people don't do something that will waste their time or take a longer time before they can get something from it and that is where they are getting it wrong. There is an adage that "a patient Dog eat the fattest born", patient and discipline is what we need to excel in our crypto investment and even outside crypto.