Post
Topic
Board Speculation
Merits 2 from 2 users
Re: Buy Buy Buy or Sell Sell Sell?
by
DaNNy001
on 17/09/2024, 09:15:00 UTC
⭐ Merited by JayJuanGee (1) ,vapourminer (1)
prefer trading they should note the following;

1. Trade with what you can afford to lose
2. The market is not a respecter of person ( it doesn't look if you really need money or not)
3. The risk is 50/50, if not more than the chance of making profit
4. Don't be carried away by the market movement whether down or uptrend etc.
The best part that you forget to add up is to go and engage in trading classes in order for them to learn for a long period of time so that they can have knowledge about what they are trying to enter because both trading and investment need patience, but trading is the most dangerous among
 
So that is why it is mostly advisable for the beginners to always focus on long-term bitcoin investments because it is less stressful, it requires less knowledge, it has a lower risk than bitcoin trading, and at the same time it is very easy, so even if you have the wish to trade, I think the best thing to do should be a long-term investment rather than involving yourself in something you are not fully sure you will have a good profit.

That's right. Learning to trade is the most important thing, it doesn't have to be in class or have a mentor but just learn independently, especially now there is so much information that we can learn, the point is to learn. Because trading is not only difficult, but very very difficult. it takes years to learn technical analysis, risk and reward ratio, good money management, controlling emotions and greed. So practicing patience is also an important factor in trading and investing. A strategy that suits us, don't follow others, those are the things needed to be able to make a profit. without years of dedication like that, it is very difficult to get consistent profits.

I also agree with you. To be safer in investing, you should make bitcoin your main goal, because the risk we have in bitcoin is smaller than altcoin and bitcoin is also an asset that has good prospects for the long term.
Trading is very complex and a new investor should avoid trading at all cost because it will make you run at loss and lose the little bitcoin that you bought. It is good for new investors to get started immediately and buy bitcoin with DCA method frequently weekly or monthly so that you can build and grow your bitcoin investment for the future in order for you to become financially buoyant.

I don't see how learning trading is important for an investor who plans to buy bitcoin and hodli for long term because it will be a waste of time and not a priority since he is only buying continuously ovetime. Trading to me is a no go area because it is similar to gambling and bitcoin is worth more than using it for gambling.

Why in the hell would anyone who's not grounded in trading would want to start up his investment plans and journey with trading, I believe there are so many newbie who often think that trading can help them build up their portfolio a lot faster well there is this saying "you never know what's inside until you have actually tried it".

For me trading is a big NO NO for any type of investor especially for new investor, I know there are lots of fake social media clips of how traders tend to make trading look really easy and cool to lure people into trading but I can tell you that trading is definitely like gambling especially if you are new to it, it's a 100% time better for you as a young investor to stay focus with a steady strategy that can help build your portfolio with the assurance that nothing actually goes sideways which ofcourse is the DCA strategy, it's better to start slow but safe than aim big and risk it all.