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 .
I want to believe that a good number of the participants in this discussion are relatively new to building Bitcoin portfolio for the long term. If that be the case, this your suggestion is seriously misleading and will make them run into problems. How can you advice someone to be trading and at this same time accumulate Bitcoin for long term? What are the chances of doing that successfully considering how risky trading is and the amount of technical and psychological expertise required to scale through in trading. The most likely outcome of such weird combination, for a new investor, is gradual transfer of his collected Bitcoin into his trading account and risking same away to trading.
Instead of this approach, why not the investor focus on building a reliable Bitcoin portfolio and holding same for as long as possible and enjoy the peace that comes with thinking long term in Bitcoin? I will never toe this line that is slippery and can lead to all my effort turning to nothing. Take the present market condition, most of my friends who are fully into trading are counting their losses now because trading is most effective in a market that is trending upward and not a ranging market like we have now. Even some of them that are deceiving themselves wit AI trading as still getting wrecked daily.
This is a good point and while I don't know whether the majority of participants here are around because they want to learn about good ways to build their portfolio long term, I think the best that someone who thinks he is a great trader can do is to use a simulator and do some trading without using real BTC.
The DCA route is the safe one and someone who can't refrain from trading could still do some fake trading for several months in order to see whether they are really as good as they think. I insist that it is a lottery for most people and the reasons are manyfold:
1) Hardly anyone has the time to observe markets 24/7
2) Hardly anyone has valuable insider information
3) Hardly anyone has the technology that can compete with algorithmic trading from the whales and institutional investors
4) Hardly anyone can differentiate a lucky day from a skilled analysis. Everyone thinks they are a trading wizard when they are making profits from buying and selling back and forth. That's why so many got stuck with their shit coins in 2017 as they all thought they knew what they were doing when in fact everything went to the moon for no reason
5) Hardly anyone has the discipline to stick to rules and close a losing trade because they hope for a recovery
You see all these guys on the Internet claiming to know what technical analysis they are applying in order to make safe profits. But literally all of them have been wrong and then they just use the next technical analysis gimmick, draw the line and tell the public that from now on that is the line to have an eye on.
I know that trading is tempting because as long as you are running well, it is quite fun. But I am not aware of anyone who built a big BTC position from trading daily. See how the experts have different opinions. You have Michael Saylor who would always tell you to buy right now and you have other big gurus who tell you that BTC will drop to 30k. It's all a question of personal interest.