Quote from: Zackz5000 on Today at 12:36:13 PM

Quote from: Kliss on Today at 10:12:57 AM

Quote from: Miles2006 on July 24, 2024, 09:59:29 PM

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.

Trading bitcoin offers quick profits which attracts many individuals who might not really or actually know the high level of risk involved resulting to loss. It only takes a very skillfull and good trader to profit from trading and they are very rare and only few of them can make profit out of trading. Trading is very complex making it too challenging for profit making especially to those with shallow knowledge. The rate of success in trading cannot be compared to that of bitcoin investment, bitcoin investment has very high rate of successful beneficials. Holding Bitcoin has generally outperformed trading due its simplicity and the effectiveness of strategy like DCA. Its important to promote long term Bitcoin investment over trading, holding Bitcoin for a long term have historically shown more consistent and reliable results compared to trading especially for those looking forward to grow their investment with minimum risk.

Those that think that Bitcoin investment is a get rich quick investment are those that trade on Bitcoin. For it is better that investors don't go into trading because it will make them run at lost, for it is better for an investor to invest in Bitcoin for long term with your DCA strategy an investor can accumulate more Bitcoin and HODL for a longer period of time and never think of trading Bitcoin.

Lets just accept the fact that the most common reason on why people do invest with Bitcoin or crypto as general is into its money making opportunity and this is indeed what most people been thinking
and on the moment that if its your first time and you are seeing on social media with those big profits and money that they do gain up, then it would really be molding up this kind of delusion
and belief that you could really be also to do such thing easily.On the time or moment that you will be able experience for yourself on how this market works or behaves then you would really be ending up
on having those realizations that it wasnt that easy or simply you do make out those kind of learnings on a hard way or simply you had faced up loses on which this is where people do usually end up.

This market is really that a roller coaster like kind of ride on which there's no way that you could really be able to predict on where it would be going or heading. Somehow
it would really be that not able to avoid not to assume that 100k could be reached up if we do really tend to base up with those things that happened in the previous cycle.