Post
Topic
Board Speculation
Re: Road to 100k?
by
laijsica
on 27/07/2024, 07:15:58 UTC
For anybody that will fathom the idea of going into trading, the person must have already known the implications involved, as the risk factors are the primary projections you will be taught at the beginning stage, however this does not mean that experts too don't make losses, because losses are part of the knowledge required for you to know how to be strategic in your trading journey. So is all depends on the individual  to know how to manage the risk factors in your trading. but however this is a pointer to the fact that trading has its own success story and volatility, just the way bitcoin holding has its own success story and volatility.

Many never have it in mind that when starting or going into trading that there must be losses, they only see themselves as those who gain more than they can lose whenever they start, that mindset is good and it makes some to be mindful of how they make their trading not by thinking that they know it all, that's where the down fall of many traders beginning.
The way you plan yourself and using other people's mistakes to learn can improve the way you go about business in the crypto world, sometimes taking that risk do pay more than being too careful but the question is "who doesn't want to make profit and who wants to stay losing"? Is an individual choice to make and learning from others is one of the key factors to survive as a trader and we shouldn't see those we seek for assistance as the best, is their experience they're giving to us not that they are 100% perfect.
The approach people take by choosing trading as an option in Bitcoin is wrong. There is no right path to success in trading it is a learning process and every day they get to learn and time the market. Most of them are optimistic and are overreacting to immediate profits without considering what they are doing to be far riskier if they had just bought and hodl. A more realistic and sustainable approach to Bitcoin is to buy and keep holding for a long-term benefit. There will be setbacks, day to day-to-day losses if traders do not see the long term as an essential opportunity to grow and improve their portfolio.
Trading is not an option that a Bitcoin beginner should get involved with, because that little money he's supposed to DCA with will be lost if he eventually gets involved in trading. However those who choose trade over Bitcoin investment don't have patience to hold for long term. Even if they try to buy bitcoin during the dip, truth be told that they will sell off if Bitcoin increases/decreases upto two percent plus, because they don't have the mind to hold for long. However DCA method is a good strategy a beginner should use and invest on Bitcoin, especially now that BTC is not up to $100k, it means now is the time to accumulate Bitcoin with DCA method. However the year has been divided in 2 and BTC price is at the range of $65k plus which means Bitcoin is already heading to $100k.
The risk of trading is too high for you to lose capital in addition to not giving enough profit. A beginner may choose trading because of cash flow but only after some time passes he is able to understand and finally choose holding or DCA strategy. In most cases this happens and investors start depositing bitcoin in DCA. This method is so simple that you can accumulate bitcoin along with your daily spending and the stash can become huge in a few years even though you could have spent that money. Your stack size or portfolio is dependent on the size of the deposit to be decent.

It's important to set your plan and prepare yourself accordingly for long-term Bitcoin savings, such as keeping cash even though you're setting aside a portion of your disposable income for savings. Also aggressive buying in bearish times can be for you if you have enough cash flow and trust your holdings in bullish times which is a long period of at least 6-10 years regardless of price. Although you can extend this period further and set the time as per your preference.