Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
Moreno233
on 01/10/2024, 08:34:53 UTC
However this discussion has been address several times by JayJuanGee about the risk in trading but is funny to see that people are always claiming to see a better opportunity in trading without knowing that trading is like an invincible trap that can cut you at the moment you feel that you are already save.

You also made mention that even if someone encounter a problem while trading that it will never affect them, actually are you even listening to what you are saying? Don't you no that there is a high probability of losing everything you have laboured for?, actually I can see that you don't no what you are actually talking about.
So bad, you can't just stop everyone to believing in trading but any member as part of this forum should have learnt all that is needed and why to divert into investing and holding Bitcoin than trading. I see lots of traders who will fund their accounts with some thousands of dollars and within a week they eventually get their account blown to zero success, sometimes they make profits but concerns should be if they have to redirect all what they lost while trading then by a few years of holding must have gotten a good amount of Bitcoin in their portfolio.

The major problem is that, most of this beginners traders are all believing what they see from the internet (mentors) and would likely put every of their funds just to make enough and call it a success but instead they go to nothing because of the stipulated risk involved in trading.
A lot of people I know that started from trading instead of investing in Bitcoin are out of the system now due to their terrible experience. Although some were able to transition from trading to holding when they realized that holding is the best approach to Bitcoin for their level of experience and knowledge. Some also have seen that they would have made more if they had just left their coins in their wallet and not sell them, hence resolve to only buy and hold and not worry about buying low to sell high which is what trading is all about.

Rather than concentrating on trading, it will be better for newbies to start up with investing and holding Bitcoin and those who would want to pursue a career in trading can build their skills and knowledge using paper trading until they have had a hang of it then they start with small capital. But investing is an ongoing process that should continue even when they are trading but discipline have to be applied so that money does not move from the investment into the trading. They can be planned and executed differently for greater efficiency.