Quote from: Egii Nna on August 18, 2024, 08:41:49 PM

Quote from: sotelorene on August 18, 2024, 07:42:37 PM

I can't say you are wrong neither can I say you are right but what you are saying depend on the kind of trader and the kind of investor you are talking about yeah, because there some traders that can make more profit within 4-10 years interval than some investors and there are also some investors that can make more profit within that same interval of time than some traders so what this means is you are partially right and partially wrong. With the way you are sounding I guess you are a trader and nobody is trying to convince you on how to go about Bitcoin if you think trading will favor you fine but note trading is not easy as you think I mean it's very complex and no matter how you try to study or carry out your analysis you will still incur loss but Bitcoin investment is not like that.

Sorry to say this but I see people that trade as people who don't have patient, people who want quick something and then I see investors as people who has patient and hoping to achieve something great in future but yet even some people who claims to be an investor also trader because they sell when they are not suppose to. In summary, no matter how much profit you make a day in trading, doesn't change the fact that investing in Bitcoin is the best way to go about it because that same profit you make a day can still turn to a loss in a twinkling of an eye.

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.

But there is an economic fact that says the higher the risk, the higher the chance of profit, and the lower the risk, the lower the chances of profit, who is vice versa to lost, and in this both bitcoin trading has higher risk in times of loss, why bitcoin investment has lower risk in times of loss. That is why many people tend to see it as the easiest. But all you need to have is higher patience and another source of income that will sustain you in order not to break down your investment, while in bitcoin trading you need very high knowledge, luck, and patience, so there are different you just have to stake the risk you can afford.

Quote from: Obim34 on August 18, 2024, 02:42:26 PM

Quote from: Egii Nna on August 17, 2024, 10:22:33 PM

let me clarify something for you if you didn’t understand about bitcoin trading and why you view it as something that is very hard. It's just because you find it hard to conduct adequate and deep research, and to find this research is definitely hard. I can’t lie, as a trader, that it depends on prediction and probability. Did you still know that those profits that you will courteously get from each trading for that interval of 4–10 years will be more than the profit that a bitcoin investor will gain in 4 or 10 years? If you think I am lying, go and make a rough estimation, and you will see my point.

I know you subjected to your own points of view and reasoning but no need using some terms which can lure more people into trading which you should have realized the effects at the early stages. Trading is profitable (undeniably) but considering that traders can never be perfect enough to always go in at all times and not take any loses from their trade. Trading comes with loss and profits which the trader is entitled to but what is said to distinguish between a professional and just anyone trading is the ability of making more profits than losses, now comparing to Bitcoin investment, anyone can buy and hold without any confirmation of professionalism involved. Bitcoin investment gives without taking, the amount of Bitcoin held doesn't changes and perfectly increases in dollar value as long the investor continous to hold. The profits are made considering the variability of the Buy and Sell order, so anyone investing understands the power of long term holding which guarantees good return of investment, more likely to be greater than those who traded for same period.

You have a point, but my main point was not to brainwash anyone. I know bitcoin trading has a higher risk. What I was trying to explain there was that those there are jumping into investment without having a strong stand. Can they be patient to withstand holding for 4-10 years?

Moreover, I am not against bitcoin investment because I am also an investor but am emphasising having knowledge about trading rather than depending fully on bitcoin investment, even though I know that bitcoin investment is the easiest one to engage in.

You are absolutely right everyone has the way they see or view things and I am so happy you knew that despite your emphacy on trading that the best is Bitcoin investment so tell me if not for lack of patient what on earth will make one to put money in what he or she is not sure of please don't get me wrong I'm not saying that you shouldn't trade or saying that trading is a bad thing because I have friends that are into trading and trust me some times it's as if they are in charge of the market I mean there profit are always massive at times likewise their loss and I want to believe that trading is mostly for people who has funds to bounce back whenever they incur loss because if you don't have funds once you incur loss you are gone.

And what makes some people feel that trading is easy is because they haven't incur loss or maybe the number of time they place a trade they have being hitting it hard, a sincere expertise in trading can tell you that trading is complex and somehow mysterious. just like I said earlier accumulating Bitcoin using any strategy and selling it off when you are not suppose to or maybe within the shortest interval either because you are on profit or you need the money to sort things out is same thing as trading and I don't know if I will call them semi-investors.