Quote from: Samlucky O on Today at 04:35:49 AM

Quote from: MainIbem on August 20, 2024, 03:44:05 AM

Quote from: Samlucky O on August 20, 2024, 03:00:12 AM

snip

I love your idea of using the dca method for Bitcoin investment thats one of the best step any investor could take, a real Bitcoin investor thinks long-term and accumulating more whether in bulk or bits is one of the best ways to secure wealth for the future through Bitcoin. Well that doesn't leave out trading or makes it seem useless cause there are several Bitcoin traders who are making profits from it and can still use their daily or weekly profits from trading to invest on a long-term, everyone mustn't be a trader infact it requires a high skill set and deep knowledge in analysing the market therefore everyone should stick to what works best for them without looking down on other methods of accumulating wealth through Bitcoin.

I would have liked to explain more but seam JJG has already answered what I would have answered. yes though everyone should stick to what is best for them but that doesn't still mean trading or gambling is anyway better than holding. read this reply of JJG twice and understand my point

Quote from: JayJuanGee on August 20, 2024, 04:41:46 AM

(perhaps even in the greater than 95% territory of traders have not historically been able to beat a bitcoin buy and hold strategy, and there is no evidence that traders are all of a sudden going to get better at trading, since it is an inferior approach, especially to bitcoin, and it is also more complicated to learn for the very few who know how to do it in ways that are sufficiently able to make money rather than losing money and acting like they are making money... in other words, lying about their trading performance.

Quote from: Ambatman on August 20, 2024, 09:17:34 AM

Quote from: JayJuanGee on August 20, 2024, 01:22:52 AM

By the way this is Part two of my above post, and this was the first time that the forum did not allow me to post because the error message said that my post had exceeded a 64,000 character limit.. hahahahaha..

Accordingly, this is the first time that I have been forced to split my post into two parts based on such a character limit. I am not sure if the forum changed posting rules or if this had been the first time that any of my forum posts had exceeded such 64k character limit. To avoid my sequential posts, I was going to wait until some other member were to post before posting this part two post, but you guys are too damned slow.. so I just decided to post anyhow nearly four hours between posts.. .

Lol when I saw the post, The first thing that came to my mind was "is this a Robot? "
Your skill and commitment is something i admire but doubt I could ever emulate.
I'm too lazy to create a thread with lots of words not to mention a post.

hahaha sometimes I also think such, if actually jay is a human. sometimes I follow along, sometimes I became tired and become slow. so hey when you thing of JJ you think of something like this

such a hybrid human, you know everyone is created in their unique ways and I guess I have found one in this forum. the problem of the matter is that you are still in the middle of a discussion yet he drop another Epic season like some sort of seasonal movies lolz.

Quote from: Ambatman on August 20, 2024, 09:17:34 AM

I believe all your posts in BTT would be enough to make a bulky book on "Bitcoin for Dummies ", "HODL for beginners ", "HODL intermediate and advance", "HODL for the Rambo's " , "Trading a means to make the Rich Richer " etc and still have room for more. Cheesy

All the books you sudjeted was good except "Trading a means to make the Rich Richer" I guess what you wanted to say is that "trading a means of making the rich get poorer " because trading does not in any way makes people rich rather stagnant or becomes poorer

You both are right about trading and at same time wrong reason because trading doesn't only make people poorer neither does it only make people richer but rather trading does the both depending on how you go about it or if your strategy is really working. In trading you need a lot of discipline and most importantly you don't have to be greedy because it can make you lose a lot of money though it's very risky but people are making a lot of money in trading and people are also losing a lot of money. And there are people I classify or see as wise traders, I called them that because any profit they made they split it and invest in something good I mean something they can't tamper anyhow reason because if you are just trading without investing in stuffs like that trust me you will definitely lose everything. In summary, the fact that trading is very risky doesn't mean people are not getting rich from it.