Post
Topic
Board Speculation
Re: Road to 100k?
by
wxa7115
on 05/08/2024, 08:27:17 UTC
There's no profits that you can get in investing without waiting. For those who don't want to wait they can learn to start trading and get profits when they get their trades right but if you want to become an investor, you must learn to have patience. The price of Bitcoin might have taken a blow as the price is now below $60k but we shouldn't lose hope because when it starts to rise back, there'll be no stopping of Bitcoin. We have to think of long term before investing in Bitcoin or we shouldn't invest because thinking short term will make us losers in the long run.

edited
Despite trading and investing being the two only ways to profit from the markets, they are diametrically opposite on their approach, with trading rewarding a reactive approach, in which a price movement that is considered to be large enough by the strategy used by a trader, means the trader will open a position in favor or against that movement, hoping their prediction about the future movements of that asset are correct.

However an investor is encouraged to take an active approach, in which regardless of the short term fluctuations their portfolio may experiment, their analysis regarding the asset in which they are interested takes precedence over everything else, so they keep buying more of it, now whether they do this by buying constantly regardless of the price, DCA, or they wait for the price to go down and take advantage of it, buying the dip, is irrelevant for the most part.

It is because of this I believe people should take a decision early on about what particular path they want to take, since a person that was unsuccessful as a trader and now wants to try to become an investor to see if they can get the results they want, will have a great deal of issues adjusting themselves to the new demands investing will ask out of them, since every time the price of bitcoin moves like it did recently, losing 12% in just 24 hours, it will cause in them severe doubts about what they are doing, and it is likely they will sell all their holdings in a year or two, and soon enough they will go back to trading.