Quote from: EarnOnVictor on Today at 03:20:39 AM

Quote from: Ruttoshi on July 24, 2024, 07:00:09 PM

[edited out]

I wonder if many of you read what you replied to and most importantly the respected @JayJuanGee who just delivers merits anyhow to people like you who are even clueless about what you replied to. He can do better.

I am not sure whether I read or did not read whatever I might have had merited.

To the extent that you may or may not be satisfiable, I did just respond to some of your concerns in another thread about merits and even about your concerns that some members might be posting ONLY to receive merits and then also a bit about my own ideas about sending merits, even though there is no real need for me to explain myself in that direction, even though from time to time I have described some of my own practices and ideas about merit sending.

Quote from: Odohu on Today at 04:23:44 AM

Quote from: Sexylizzy2813 on Today at 12:50:38 AM

Quote from: Spaceman1000$ on July 25, 2024, 08:42:31 PM

Ordinary nobody goes into a business or investment with the mindset of losing, but however for the business of trading it is inherently required that as a beginner you must get a mentor or somebody who teaches you ways and means on how to go about trading, so in teaching you, he will tell you about the fact that you will get losses along the line, because the market variance and force's can work against your predictions anytime.
So for me your mentor should be your guide so as to reduce those risk, so you don't just walk into trading without caution inside you.

At the same time some of these mentors especially those one on YouTube that only want their videos to be the best, they don't speak much about losses only how to make profit and you'd agree with me that many who only think of getting more profit are those who uses their imagination to start up trading, they just picture themselves to be at the top above every other starter.
I think getting someone like a mentor shouldn't be a problem but the issue is how good is the mentor because everyone needs to be careful not to be in the losing side of trading, not everyone we call mentor has what it takes to guide someone to the right direction.

My decision to pause my Bitcoin trading at least for now and concentrate more on building a Bitcoin portfolio through long term HODL was not a hasty one. I have thought about it properly, following my experience in trading. I have tried a lot of things including paying for several mentorships, using Youtube and many other resources and practicing on demo which usually yield good results but when real money is involved, it is a different ball game. I'm not saying that it is impossible to succeed as a trader but the process is not just a straight forward one like most mentors and Youtubers will make you to believe. Of course the risk is also in another level that should be a huge source of concern for anyone aspiring to take that route.

Another thing I also noticed while trading is that you can make profits for one month of trading and lose all in few bad trading days which means work done becomes zero... no progress, all wasted efforts. This was what made me to sit down and analyze the process again and then decided that instead of this back and forth, let me change strategy that will give me better results. So, for me, trading is not bad but for now, I will have to focus on what is working fine and giving me peace of mind.

If you can figure out ways to earn money from other sources, and then use your disposable income to invest in bitcoin, including managing your cashflows well, you are much more likely to make lasting and sustainable progress... but yeah, people can make their own choices, including choices to trade even if many of us realize that there are few traders who are able to beat a straight-forward investment strategy into bitcoin - especially if we might look to compare such strategies in longer timelines of maybe 6-10 years or longer, and such investment strategy into bitcoin would likely start out by accumulating bitcoin through buying with DCA, lump sum and buying the dip... and refrain from selling until you are able to reach a large enough investment portfolio, and how long you might need to build such investment portfolio is discretionary, but could well take over 10 years for brand new investors, and of course, new investors who are able to front load their investment into bitcoin might have options to start to consider selling techniques at earlier times that those investors who are not able to front load their investment.