Quote from: Hewlet on Today at 05:55:36 AM

Quote from: AirtelBuzz on Today at 05:40:11 AM

Quote from: Obim34 on October 17, 2024, 12:11:29 PM

Imagine if an average earner wants to get involved in Bitcoin and prefers to trade instead of purchasing and holding through his DCA plans, what will be your advise? clearly he has more vulnerability of losing than earning. Anyone starting his Bitcoin journey should consider every possible options of investing and holding instead of trading, aside new investors, it is more profitable holding due to certain scenario's that can lead to loses if trading is prefered.

If an investor wants to get involved in bitcoin investing and trading instead of buying bitcoin continuously through DCA then my advice is to invest instead of trading. Had the person understood the difference between trading and investing, he might have opted for investing. Trading involves high risk, moreover you must acquire a lot of skills and have a lot of market analysis ability to get success from trading. On the other hand if you start investing with DCA strategy then you can start with little knowledge which will increase with time. This method is also applicable for inexperienced investors.

the reason why a lot of people most expecially the new ones starts off thier Bitcoin journey as traders is because that's what most of them are exposed to and a lot of them don't know that they don't have to buy a chunk of Bitcoin at a time. Some feel Bitcoin investment is not for the new cormers or the supposedly poor person and that's why they just prefer to trade with the little dollar they have hoping to double it and use it to solve most of thier immediate needs. It's an understandable situation but with the right knowledge, it's easy to go past that level and go on to investing using the right approach.

For some of us, it is because we came to know about the DCA methord that it became easy for us to start small even though our finacial capacity isn't strong yet and I think if some of these traders gets to know the advantage of not selling their Bitcoin too soon just because they are in slight profit, they will come to fall in love with accumilating Bitcoin and Doing so for the long term

I think that traders are short sighted on the importance of seeing bitcoin more of an investment than trading it, because they fail to think out of the box to see beyond today what the price of bitcoin could reach in future due to the fact that they feel they can outsmart the market and make good profits in a short time. In the long run, they will run at lost because no one can outsmart a volatile market. Traders don't plan for the future but they claim they are in profit and wiser than investors, some will claim that they have made more profits than long-term hodlers. They make noise everywhere to lure people into trading so that you think that they are benefitting a lot but traders are regular losers to the market.

It is just like a petty trader who started selling, and whatever profit she makes from each item, she eats it up and only go to the market with her original capital, such business will not grow and it is like she is living from hand to mouth of which she is not. She will run at loss someday and the business will depreciate and gradually might fail, because assuming she goes to the market with only her capital and due to inflation, the price of commodities increased, she will be limited to buy all that she wanted and that will reduce the size of her goods. This is how traders are.

On the other hand, if this petty trader has the zeal to expand and grow her business to be big in future, she decides not to eat her profits but rather use it to buy more goods to add to the business, she will have the opportunity to increase her profits overtime if she continues that way for a very long time. After many years, she will definitely own a big business. This is how bitcoin investment is, so new investors should focus and aim higher for the future by investing and increasing their bitcoin stash frequently every week till they reach their bitcoin target in the long run. A bigger bitcoin portfolio should be the target and not a small one.