Quote from: Ruttoshi on November 19, 2024, 03:32:37 PM

I don't think that it's possible for any trader to be making consistent profits everyday because it's hard to predict the price movement of bitcoin accurately, and in the long run such trader will run at loss. A trader will not also have a good size of bitcoin portfolio in future because he's only buying and selling to make short-term profits. This is one of the reason why I don't see anything good in trading, because it's only for the moment.

Investing in bitcoin for long-term and hodli is the best, because it shows that you are matured enough to plan for your future and you don't want to waste your youthful age tolling for fun, rather because you believe in bitcoin, you decided to save the value of those funds that you are getting for the future by investing in bitcoin to safe the value of your savings and in return bitcoin gives you an additional funds for trusting in it which is your profit.

Anyone that has plan to live off his pension at old age, or doesn't want to continue the rat race at old age will understand the opportunity that bitcoin is bringing to his door step to solve such problem if only he can take the advantage now and invest and grow his bitcoin portfolio for the future because the opportunity bitcoin has to transform your financial status from one level to a higher one is real. Trading is the opposite.

Do people make constant profit in gambling, if they don't, then there is no way one can make constant profit in trading, sometimes I laugh when I hear people say things as if they can control them, @Ruttoshi am happy that you were able to clarify him to this extent, though people will say if trading is not sure how are we sure of Bitcoin investment in the future, Bitcoin has a history and from the onset it has been making tremendous movement that has been very beneficial to long-term hodlers which is a good precedence to work with, so going for a short term stuff will be a deceit of the highest order knowing fully well what's at stake.
As a trader you should know that loss is inevitable no matter how good a trader thinks he is, he must lose, as a long-term investor once Bitcoin drops in price, your holdings depreciates and rises back once there is an upsurge but losing your bitcoin is not possible unless you forget your keys or misplaced your passphrase.

I don't think we should be comparing long-term Bitcoin investment and trading which seems more like a short term stuff because the difference is clear, those people that couldn't wait till this moment may be to sell their Bitcoin, I think they should be blaming themselves for making such a hasty and unwarranted decision of theirs, as for Bitcoin to serve as pension, its a good goal to set if people understand the need to do, just imagine a government employee whose retirement duration is 35 years, if he or she decides to do a weekly or monthly DCA with the amount that he can afford till the said 35 years, I think such person may not be needing his gratuity again because of the profit he or she would have made from Bitcoin, peope think wise and follow the right step in accumulating for the future.