Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
MainIbem
on 17/09/2024, 17:06:03 UTC
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.
Are you advising new investors to go into trading? Nothing concerns a Bitcoin investor with trading, infact they should focus all their attention to learn good strategies like the DCA and it's kinds instead of learning to trade, especially for investors who just newly pick interest in learning about Bitcoin, their main focus should be accumulating Bitcoin in their portfolio after they've got a better understanding about it, I believe you should've come across the DCA method and how to go about it, so instead to telling Newbies to go learn how to trade and probably lose money at the early stages of their Crypto journey teach them to invest by buying and holding Bitcoin and accumulating more over time in their portfolio, trading is not a good form of investment and doesn't suit the purpose of Bitcoin investment which is long-term.