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.
Why is learning to trade the most important thing?, why go through so much learning and critical thinking just to know trading when you can even use those moment to invest on Bitcoin, however like you explain, it takes years of learning technical analysis of Bitcoin, so let's say the number of years that will take to really understand it is 4 years, so this means that you have not achieved any Bitcoin in this number of years, so perhaps you can imagine the number of Bitcoin you would have accumulated within that four years if you had chosen to invest onBitcoin instead because if for instance you are using $30 weekly to invest on Bitcoin you would realize that in that 5years you would accumulated Bitcoin worth up to $7,826.79 instead of learning something that would still make you to lose on the process.
You're right here. I wonder why he would choose to go all through this stress and torment of learning trading when he can easily start an investment in just a few weeks of understanding Bitcoin investment. Most times I just see that a lot of people do not like their peace of mind. After seeing the experience of someone close to me who has gone through hell in trading. To date, it has been difficult for him to recover from the loss. Investing is better off than trading. It reduces the risk of losing our assets so quickly. The only time we may experience loss in investing in Bitcoin is when we sell at the wrong time or when the value of our asset has dropped. Even if the prices reduce a little it still returns back after some time and that is how the market was designed for.
The trading stuff sounds great but there's a lot of grunt inside. Learning about chatting also requires a lot of analysis and knowing a lot about market prediction. Learning how to calculate well is all in all, trading is a very difficult thing. Although difficult but if you learn it well then it will not be a problem and even if it is a problem it will not do you much harm in the long run. If one comes to the chatting sector, first he must know well, read, understand and then think about it.
Trading requires an analytical mind, good emotional control and lots of luck in my opinion
Especially those that graduates from spot trading to future trading of shitcoins.
No matter how beautiful the chart is
A shitcoin is still a shitcoin
With skill you can benefit from it alot in the short run but might get burnt in the long Run.
I'm not saying trading isn't profitable but it's like riding on a bumping road with Good speed
Rather than going Normally in a smooth road.
The issue about the bumpy though you going in a faster speed with bumps there's a likelihood you might get stuck.
Mind you a trader can sell in a loss but an Hodler Would wait for the phase to pass you.
Mind you, I meant Bitcoin Holding not shitcoins.