Quote from: arwin100 on August 15, 2024, 01:03:07 PM

Quote from: SuperBitMan on August 14, 2024, 05:36:49 PM

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Quote from: EarnOnVictor on August 13, 2024, 06:15:41 AM

Trading is risky just like gambling but trading is nothing compared to gambling. In gambling, you will always need luck, but in trading, you can solely depend on your expertise and flourish in it if you know your way out. But the issue with people is that they do not know how to trade but are just forcing things, this is why you can even compare trading with gambling Still, what I agree with you on is that people can resort to investing instead of trading as a less risky option. But it still has to be strictly engaged, otherwise, an investment could be silently more dangerous than trading at times. DCA is also a very good investment style but we should not let it enter our heads as a safe haven for investment as it on this thread. The right application is key.

I don't understand how investment could be more dangerous than trading. What's the logic behind this your claim. When it comes to investment which is targeted for the long term hold, all you have to do is buy your bitcoin and hold it for specific number of years that you have mapped out. Where as trading you are up against many variables and you face many uncertainty. Knowing the entry and exit point, reading of charts and if you are wrong you lose your money. The psychological and emotional torture, couple with you always getting your eye glued to the screen monitoring the market and battling with your emotions on when to and when not to take profit. Trading is not for newbies and the weak, where as investment anyone can do it and have rest of mind, so where does the danger come from in investment? Secondly I don't see anything bad in letting DCA getting into the head of an investor. After all it is an efficient easy way to investing in bitcoin at your own pace, which is beneficial to the investor in all angles.

When you trade you are increasing the risk on your asset and any investment that one is not fully engage in or an investment where the investor is not adhering to certain rules and good decisions can one way or another lead to highs risk which is not different from someone who is trading because they will at the end have something in common which is losing their portfolio entirely. What is the point of investing when at the end an investor will adapt a trading pattern. The only difference is that he is continuing investing and may likely have a goal and a target to meet.

Bitcoin trading is something that is very technical and are done by expert, but I will advise newbies not to engage in Bitcoin trading at all, because there's high risk of you losing your money and you won't succeed in Bitcoin investment, if you check you will observe that those who has made huge profit from Bitcoin are those who has been consistent in accumulation and patient in holding for a long time.
Bitcoin investment gives one peace of mind but not when you are into Bitcoin trading, because of the high risk involved, there's high chance of you losing your money. however those who are expert wins and lose and when there wins are more than there loses they are still on point but if you want to succeed very well in Bitcoin investment engage in long term investment and avoid wasting your time and resources trading.

I don't know if its good to discuss trading in this thread, but you will not became an expert if you don't try those risky things and became consistent with it. But this is not really applicable to anyone since only people could stand the risk and could adapt the situations going on in the market.

I would be very quick to direct you to the trading board of the forum, there you can discuss trading as much as you like, we are more concerned about investment here and patterns of bitcoin accumulation to securing our future finances. Trading is a career that you need to learn differently and would eat up your time and mental energy and still end up burning out your funds if you are not very sound in it and I don't have that kind of mental energy.

We here are not cut out for that lane, we are very dedicated people to the curse of bitcoin accumulation and holding for a long period of time in order to see our profits compound and our financial future secured. One very good thing about investing in bitcoin that makes me embrace it without holding back is that I do not need to focus and monitor my investment every time, and my mind is always at peace knowing that my investment is safe and not tampered by any system or activity, the only work I have to do is secure my wallet and get ready to increase my portfolio at the appropriate interval of time while I can get busy with other things that matters to me and live a normal life independent of my holdings, trusting in the process and knowing that my investments are secured and would get profitable in due time.