Quote from: DubemIfedigbo001 on Today at 05:14:47 PM

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Quote from: DubemIfedigbo001 on August 09, 2024, 04:15:57 PM

Well, I think the line should be drawn here between trading and investing, people who take on short term profits in Bitcoin should be regarded as mere trades and not investors. I believe every investment has some guidelines with which to maximize your dividends. In Bitcoin, long term investment is the most significant investment guideline to higher profits, so if you're not keeping your coins for a longer period of time, you're simply not investing and what word can we use for folks like that, fucking traders.

It pains me when misguided traders are being referred as investors, and we know from history that traders don't get the best out of their Bitcoin journey, but investors takes the bigger bite off the cake.

Although what you said is not wrong at all, we should also not use the word damn to traders because they also contribute in moving the market and the price of coins in the market even though the goal is to have profits. And in terms of achieving a profit, it also always varies from one person to another because it is influenced by the level of desire that is different in each person. I also often separate the two activities for each person because investors are not too focused on small profits in the short term even though most of the investors themselves buy more often in order to be able to accumulate their own ownership.

While traders are just people who focus more on short-term profits with not too many profits so that some people consider them as people who have hot hands who cannot hold Bitcoin in the long term. But I will not call them assholes because they also have their own rights for what they do and even if they have to regret their own actions, of course they also do not blame others for this.

Yeah one don't have to insult traders or call them names because of the part they have chosen, a lot of Bitcoin investors who are now into Long time Bitcoin investment were once on short time Bitcoin investment.
As time goes on some traders will change, the more you stay the more experience you become.
Even those who only wait for dip before they invest, a lot of them will change strategy, as long as one is involve in Bitcoin investment one will definitely change investment strategy at some point in the future and so no one should insult anyone.
The reason why this forum is created is for us to share ideas about Bitcoin, some may read a reply post here and then fine the post useful and then decide to use such idea that was passed, and that is what will should be doing passing ideas and not insulting someone.

Well, I'd love to clear the air on this, I never insulted traders or intended to do so because they're an undeniable integral part of the crypto world. I was only referring to people who claim to be investigated in Bitcoin and harvest their investments for short term gains, I was stressing the point that they've limited information regarding the right patterns to employ while accumulating Bitcoin. I was only creating the distinction between real investors and traders.

I trade too seldomly, although not Bitcoin, but I trade, so I can't be insulting myself. Traders are important because when they sell, most investors buy and the markets are sustained by the activities of traders and investors alike, so everybody is important.

Sure traders are important for price discovery and various aspects of having markets, but still there is nothing wrong with throwing out a few insults in their direction, especially since there are quite a few traders pumping their bullshit, and trying to act like trading is superior to investing, and even if there are ways to make more money with trading rather than investing, trading takes quite a bit more skills and seems to be a bad idea with bitcoin - even though surely there are always going to be traders and gamblers and people with bad ideas who are trying to pump their bullshit bad ideas onto others as if newbies should get into bitcoin and start trading bitcoin when trading takes way more skills (and different kinds of skills) as compared with investing.

Some of my best friends are traders.

That does not mean that they know what the fuck they are doing or that they should be pumping their nonsense onto others, and even many traders cannot help themselves in terms of their trading when they probably should not be, for their own good.

There are some folks who don't have any other source of income, so they have to live off their trades, and even if they can figure out ways to be profitable, it becomes even more difficult if anyone believes that they are going to live off of their trades - and especially if they don't even have a lot of capital with which to work.