Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Road to 100k?
by
arwin100
on 30/07/2024, 09:37:10 UTC
⭐ Merited by JayJuanGee (1)
But what I think the people could able to handle this are those who have deep pocket and so eager to learn those technicalities whatever it takes or scenarios they are facing on.

Your point seems misleading to me.  I doubt that you need deep pockets in order to learn to trade or to become good at it and/or profitable.

More than anything, you do likely need time and probably a bit of smartness to figure out how to use various trading tools to your advantage, including that you might well end up using various shitcoins as some of your trading tools.

Traders might be smarter than investors in various ways, but the mere fact that you are smart does not mean that you will make money, and it could take quite a bit of time to create and implement various systems that end up long term causing the trading to be more profitable than a more strict accumulation/investment approach to bitcoin... especially long term.. since there can even be quite a few years of streaks of profitability, yet push comes to shove to be able to get through a cycle or two and still be able to compare that trading ended up being more profitable than what might have had been a more straight-forward and strict accumulation/investment approach to BTC.

No intention to mislead people regarding on that situation but the deep pocket means is just to endure the pain of losing and to continue since they still have lots of funds to use. Since compare to people which only have enough funds to gamble provably in that cases they would just quickly realize that trading is not for them and shift their attention to other things which they think more profitable to them. Maybe this is the reason of other people why they decide to go on hodling since they have enough for their past losses gotten from trading and decide to go on less stressful investment option and decide to be consistent in it.

Yeah they maybe smart but the question is are they sustainable? since for what I see for past traders I know they are so good at first and excited with their trades but later on when they find out a lot of things needed to consider and there's always a huge risk involve in each trade they made they realize that they need to quit, since they are actually not gaining anything compare to the huge effort they need to spent on their trades. That's why I like the idea about holding bitcoin since it doesn't force us to be smart and we just need to accumulate also apply the working strategies and wait for the planned timeline on when we would harvest our profit. Although some might not agree with that because they are trader but its fine since they have their own opinion regarding on what they take regarding in this matter.