Quote from: Promocodeudo on Today at 04:13:22 PM

Quote from: Sim_card on September 17, 2024, 05:45:29 PM

Of course no one can serve two masters at the same time, it is either he will dedicate his time to one than the other. Anyone who wants to do trading and investing in bitcoin at the same time is like a gambler because there's high possibility that he will deep his hands into his bitcoin investment when he has lost all his trading funds because he will have false believe that he will make profit to recover his loss and might end up losing all his bitcoin investment.

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 investment anyone chooses to be involved with, I think is better for people to have realistic plans and set goals before going into Bitcoin investment fully, 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.

You're right, trading and Bitcoin investment are different things but some investors misunderstand the both concepts that's why they trade with Bitcoin and see it as another form of accumulating to their portfolio. However trading is a very risky way of investment that involves short-term goals while Bitcoin investment deals with longitivity, you'll have to invest over time and periodically to become a successful Bitcoin investor. I see people going into trading and feel that they're on the right part of accumulating Bitcoin maybe because they got lucky severally but then if some traders disclose how much they lose before they end up gaining big out of luck, I guess not everyone would be willing to go into trading or even see it as a means of accumulating Bitcoin to their portfolio. Well I used to think that way too but there's a saying that experience is the best teacher and I've learnt from previous experience and I can say that the risk involved in trading is very much compared to that of Bitcoin investment. Investing on Bitcoin is like a safe heaven for investors and if you do it the right way, you'll definitely benefit on the long run so far the investor is using a good method like the DCA which gives all class of holders the opportunity to invest according to their financial capabilities.