⭐ Merited by JayJuanGee (1)
I think that gradually everyone will become more aware of this and they will become more interested in trading or investing in Bitcoin.
You will lose the realization you gain from trading if you are not good about trading. Gaining knowledge will keep you connected to your risky self, I think.
Because the trade is very risky, it becomes difficult for a person to control the temptation and excessive emotions in the trade.
An individual trader and investor is almost a member. For example, if sand and silt are placed in the same container, the sand will absorb the water.Alternative investing is like water and trading is like sand. A person will absorb two target trade investments and end up exhausted where your losses will be more. So go long the investment in DCA method not trade.
Your description is confusing since silt absorbs water more than sand.. so I would think that you would want to say that investing is like silt absorbing the water and trading is like water going through sand.. Maybe you can restate what you mean.
You will lose more than you gain from trading if you don't have good knowledge about trading. I think you will be associated with risky work even as a result of gaining knowledge.
Because trading is very risky and temptations in trading are high, it becomes difficult for a person to control emotions.
It is almost impossible for one person to be both trader and investor. For example, if sand and water are kept in the same container, the sand will absorb the water investing is like water and trading is like sand. If a person enters in two at a time, the trade will absorb the investment and the investment will be exhausted where you are more likely to lose.
Sorry for the mistake.
It is not ideal to think that you can use trading to increase your bitcoin rather it will be the opposite because you will end up losing if you sell and the price pumps above your selling point and it remains like that for long. You might use the funds for something else and will be discouraged to buy back. Investing and building up your investment overtime should be your priority and not selling as a new investor.
In as much as am not against whatever part of Bitcoin anyone chooses to be involved with, I think is better for people to have realistic plans and set goals before going into Bitcoin in full, it has been said here severally that there is high chances of traders losing their capital totally in a trading depending the amount they use in a particular trading session, for me there is peace in Bitcoin investment if one understands the way to go about the investment itself than trading, the difference is clear, it has been proven overtime.
Traders deeping their hands in their asset as you said is just like petting the statement for them, there capital and the investment itself will come to an end if they don't retrace their steps because of addiction, trading has an addictive concept like gambling thats why when a trader lose he or she believes that there is something he didn't get right at the first time, they continue going until nothing is left that's when they will rest by then nothing is left to go back with, this kind of people will later start seeing bitcoin investment as a trap when they already know that they are the cause of thier problem, so as an investor I know that our decisions are personal but I believe that it would have been better for us to concentrate on accumulating Bitcoin with the method thats easy, less stressful and efficient with the little we can without minding the price at all time to build a bulky portfolio overtime and hold for a long-term instead of trading to look for quick profit which is short-term mindset which is not the major plan for Bitcoin investment.
Some people embark on a deadly journey unknowing to them, although its as a result of ignorance or quick profit mindset, how would one feel or think that he or she is going to make a bulky portfolio of Bitcoin by trading? For me that's a deceitful mindset because the probability of it happening is very low because once you are trading there are two things that must come to your mind and that's loss or profit, one of the two has more chances of happening and that's loss, having said all these, the decision is ours to make but if am to advise anyone on the aforementioned, I will say he or she should invest with DCA method since it gives every investor the opportunity to investment with what they can afford to invest gradually and continuously until they reach their limit and hodl for the future.