Quote from: Mayor of ogba on Today at 05:47:53 PM

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

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.

I will never advise anyone to adopt trading bitcoin for short-term profit because I know how risky and the emotional damage that comes with trading bitcoin for short-term profit, and sometimes your money can get stuck, and if you fail to hold your bitcoin for the price to go high again, you will sell it at a loss. Trading requires a high level of knowledge that will help you to master it, which can take you so many months to learn, and you also need to be able to determine if there will be news that will affect the price of bitcoin so that you will know when to buy bitcoin. Since trading bitcoin for short-term profit is difficult, it is better to put the energy into accumulating bitcoin for a long-term purpose and also save yourself from the stress that comes with trading.

Yea, short-term trading comes with a higher emotional stress, and even with your knowledge about it, you will still lose. That is just a fact, and I also believe that the best way to get a lot of profit in bitcoin is through long-term investment, which will help you to accumulate a lot of bitcoin to hold, and that is the best recommended for those that have no time to learn about bitcoin trading.

Trading deals with a higher knowledge and research for several months, and even if you become an expert in trading, you most likely lose, which takes much of your time and will not allow you to have time to do other things. So as someone new in bitcoin and you are mostly occupied, the best space for you is long-term investment, not trading, but if you have the knowledge and you feel you can do the trading, then put it in mind that you are likely to lose sometimes.