Another thing with bitcoin is that there are so many times, that the BTC price unexpectedly moves to the upside without any major corrections, and some smart trader might sell in what he believes to be small batches on the way up, yet the BTC price keeps going up and still does not correct, and pretty soon he is left with all fiat and no bitcoin, and so then he doubles down by not buying back the bitcoin that he sold because he is still waiting for the BTC price to go down and he becomes a bitter no coiner who sold all of his coins as some way lower price than the current price.. and sure, he would have had been way better off to just continue to buy BTC until he has enough BTC, which could take 4-10 years or longer to build a decently sized BTC stash, but he stays focused on buying and he is continuously building rather than spending time waiting for dips that may or may not end up coming.
That is the problem, most traders dont know when to quit and realize that if they had been buying Bitcoin all the years they have been trading, they would have been in better profits than what they think they have now. To be honest, most traders can't boast of any better profit they have seen since they started trading. Yet, they keep putting in money from another source like business or other investments into trading hoping to cash out huge someday. People go into trading thinking they are going to turn 2k into 4k and then 8k in a few weeks or months. The market does not care what they want to earn it will go against them or in favor of them.
Just knowing when to take a break is a good thing. As an individual, the worst we can do is to push against ourselves and if we feel that it is time to try investing in the long term instead of trading then such traders should do it.
Yes I noticed that. When the trading factory came, many of them became self-sufficient in the beginning, but it was seen that many could not be self-sufficient. Many have lost so much that they could not recover that loss. Again it can be seen that it is doing fairly well depending on the trading. In fact, there is a need to analyze the trading thing, Cheriya Aslam.
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 has never sound great to me and many other investors in this board. Jay and a few others can attest that. Just like i have said before, the decision on what we do to our Bitcoin depends on our individuals goals, risk tolerance and level of finance. I cant suggest for an individual to choose trading over investing long term or vice versa because at the end of the day we would take responsibility for any actions we take now.
But in my own opinions ill choose investing in Bitcoin for long term any day, ay time. Why would i prefer to risk my asset on a daily basis under the volatile market conditions with buy and sell decisions. Even if it is in our choice to choose we should make sure we win at the end. What is the point of investing in Bitcoin if we dont get to be successful as it is the end goals. Trading can be more emotional and only for short profits, While investing in long term with a strategy can be relatively straightforward, making them easy to comprehend and achieving our goals. With trading we may likely stay longer in completing our goals.
Ultimately, the key is to understand your own goals and risk tolerance before making a decision.