Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy Buy Buy or Sell Sell Sell?
by
DubemIfedigbo001
on 18/08/2024, 03:52:59 UTC
⭐ Merited by JayJuanGee (1)

It is good that a new investor starts investing in bitcoin immediately he has the resources to invest rather than thinking of trading because trading is too complex for a new investor with the basic knowledge of bitcoin. It is easy to start buying bitcoin and saving your discretionary income in bitcoin instead of wasting time doing researches and learning how to trade for two years.
Personally, I feel sorry for any new investor who goes into trading because he was brainwashed on the potential short-term profits obtainable by professional traders and not novices like himself, he fails to understand the magnitude of sacrifice and prices paid by the experienced trader to arrive at such profitability level. Most time these traders are not honest enough with the new guys in the building  because they may be scoping them to patronizing the ineffective courses they sell to the newbies and most at times they themselves claiming to be professional traders are just a hype and are just wasting their time achieving nothing, deceiving themselves and recording significant losses without having sense to switch to accumulation in order to maximize their funds and have good profits from holding for a longer period of time which is equivalent to the length of time they must have wasted precious funds trying out never working strategies and fucking up their finances in the process. These wasted funds consumed by the markets would have been preserved and they would be smiling after some couple of years and that is  whole deal of irrationality and stupidity on their part.

The major reasons I detest trading is that you can literally not do it part time as a novice and you end up losing precious funds unnecessarily, you must be ready for a full-time dedication, even experienced traders most times find it hard to take their eyes off their trades to focus on other responsibilities. You have to give it your full time and energy, thereby limiting you from  engaging in other forms of productivity which would have given you monetary dividends and help you maintain a smooth DCA accumulation journey as compared to doing DCA where you only need to learn how to secure your wallet, purchase and transfer funds to your decentralized wallet for self custody. After that you can go ahead with other profitable activities until the next purchase period while your investment appreciates in value over time and you remain consistent in your accumulation journey.