Quote from: Cryptoprincess101 on Today at 03:59:36 AM

Quote from: ultrloa on September 05, 2024, 10:54:12 PM

Quote from: pawel7777 on September 05, 2024, 09:10:59 PM

Quote from: Onyeeze on September 05, 2024, 07:42:39 PM

why people lose money in trading bitcoin is as result of lack of understanding, when you understand the procedures of Bitcoin trading you will not lost, so many persons that involve themselves in cryptocurrency trading need to learn the trading very well, I think that one of the things that makes us to lose is when trading is due to lack of understanding, but if you pay attention to understand the work you will not lose, trading requires more understanding more information to carry out your functions in trading, so I believe we have to understand such before we go into trading.

Do you understand the "procedures of Bitcoin"? Care to share some light on what those are? If the understanding of such can guarantee profitability in trading, why aren't you filthy rich yet?

Reading posts like this can really be irritating sometimes. Any trading bears an inherent risk of a loss, and Bitcoin is no different. If anything, it's more risky than most of the traditional markets due to its volatility. No amount of knowledge/understanding/experience can prevent you from a loss, as your trading performance depends on the behaviour of other traders and events outside your control.

I don't know exactly where is the point that if we understand trading we will not lose from it while the real fact is even if you know about it and how expert you are in the field losses is inevitable.

If there's sure income from trading for sure people will ignore to do long term investment and focus on trading since there's sure income on it base on what he say. Market is so volatile that's why the trading is risky and doing it is not recommendable to anyone who's afraid to lose their money. Even if they have deep understanding on trading still they don't be complacent on it. No really amount of knowledge can prevent loss since it will really came since everything in trading is speculation and sometimes what we expect didn't happen.

You know most times I come across people saying that the reason why people got losses in trading is because they are inexperienced and they lack understanding of how the markets works and I wonder why majority of people still complain about the losses they have ran into I now begin to think that does it means that all of these people complaining about their experiences in trading are all novice, inexperienced, or lacks understanding about how the market works.
How can one even choose to trade on something they know has high volatility in it such that it can skyrocket very high or fall drastically within some minutes or hours, isn't such risks big enough? If trading is as profitable as they proclaimed why hasn't those people who engage fully on trading make their families becomes so wealthy from trading? Some of them are only concerned about how they can gain followers on social media platforms when they try to entice people about trading without telling them the real truth about it. Trading is just mere guesses so if you are lucky to make profits most times it now looks like you are now a professional in it when you truly know that it doesn't guarantee profits all the time the only difference will be that out of like six trading signals you got you were lucky to make profits with four out of the six signals.

Quote from: ultrloa on September 05, 2024, 10:54:12 PM

That's why lots of people like HODL more its because it lower down the risk and we don't need to do extra curricular activities to increase our chance to win, but patience is important since this what they need to deal with bitcoin for long term with this option they choose.

Definitely HODLing is the sure way to go if you want to be cautious of your mental, emotional and psychological well being because you just invest and allow your investments to grow in due time profits are realized even when volatility pushes the price sideways. The only thing with people is that they want quick profits, they don't want to exercise patience at all as they are more concerned in the little amounts they get instead of to consider the profits they will make in the long run.

Yea, it's very true that the easiest way to make a fortune in this crypto space is by holding of Bitcoin, because not all traders that claimed to be profitable that really are, most of them are try to generate followers on YouTube just as you rightfully said, but I totally disagree on the part that you said that trading is a mere guessing work, no it's not, it's a Skill you must attained, added with the ability to control your emotions when engaging in it, but one terrible thing about trading that makes it very dangerous is that, you might make a whole lot of money in a week like 100k dollars, and uses a single day to lose everything including your capital, if risk management skills is not properly utilized, so in my own perspective, due to how complicated and stressful trading is, it's best to just buy Bitcoin and hold, especially for your financial stability.
So in essence of what am trying to say is that, honestly speaking, trading is not a mere guess as you claimed, it's a Skill that you must masters in other to make something out of it, which is the most difficult way to make money in this crypto space, but the easiest way to make money in this crypto space is by buying Bitcoin and hold for long term purpose.