Post
Topic
Board Speculation
Merits 3 from 2 users
Re: Buy Buy Buy or Sell Sell Sell?
by
Sim_card
on 19/08/2024, 04:56:05 UTC
⭐ Merited by Cityhunter34 (2) ,JayJuanGee (1)
One thing I believe in this life is that whatever you believe in that is how you will view it, so to me, if you can view a trader as someone who has not been patient, I won’t see anything wrong with it, and me supporting trading doesn’t still mean that I don’t invest in bitcoin. All I want people to understand is that the main reason why they see trading this hard is because it has a higher risk than investment because I have tested both and I know how it feels.

Well there's no problem in one trading especially when one still focus on accumulating while trading. The reason why most time we don't encourage trading is because most people go into trading hoping to get rich quick without having a proper learning phase, they may endup wasting valuable resources due to having half-size knowledge. So trading is not something that one will just go into one need to take he or her time to build a better knowledge on how trading works, before hopping on it .

But when comes to investing in bitcoin one don't need to spend much time in accumulating much knowledge first before going into it they can , just start their bitcoin journey aslong they have a proper basic knowledge on how bitcoin works, so that they can know how to purchase and keep it safe while they accumulate and hodl .
It is not advisable for a new investor who is still accumulating bitcoin to trade at the same time because he has not accumulated more than enough Bitcoin in his portfolio and he is still building his bitcoin stash. Trading will be a distraction to him and before you know it, he might want to take part of his bitcoin that he is investing to trade when he has run at loss and that is where his downfall might start from because he will want to try his best to make sure he makes profit to recover what the amount he has taken from his investment portfolio which there is no guarantee that he will make profit and before you know it gradually his bitcoin investment portfolio will depreciate killing the purpose of him investing.

You cannot serve two masters as the same time because you will be more focus on one than the other and it is possible that theft new investor will focus more on trading because he will be emotionally affected losing in the market. Why will any new investor be gambling that he is trading and at the same time say that he is investing, this is a wrong idea and wrong practice that can lead you to losing all your bitcoin. It is better that any investor that is in his accumulation stage should not ever think of trading but regular buying with DCA weekly or monthly consistently and persistently overtime so that he can reach his bitcoin target early.

Trading is a wrong way of increasing your bitcoin because it will be the opposite. How do you expect a new investor to be grounded with trading knowledge that is very complex. It is hard to predict bitcoin price movement which is not important for a new investor on a long term journey.