Quote from: Tungbulu on Today at 11:35:22 AM

Quote from: DubemIfedigbo001 on Today at 07:10:38 AM

Quote from: Tungbulu on Today at 01:02:05 AM

Quote from: JayJuanGee on November 19, 2024, 07:49:20 PM

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Alas Tungbulu, such a lengthy literature on trading in a thread that should be promoting bitcoin accumulation is not the most positive thing to see, I think you focused more on trading here and such writeup should be more effective in the trading discussions board and not here. We should be more positive on the percentage of our discretionary income to apportion to our accumulation process in order to expand our portfolio and not shifting our concentration to what percentage of our income should be pushed into trading, surely that would be contradiction to the topic at hand.

Maybe you’re not wrong, but then again, you know what they say about no knowledge being a waste right? While I’m of the same opinion that Bitcoin accumulation and long term approach should be paramount to other approaches, is it not worth the lengthy literature for those who are naive about these facts? There are those amongst us who even after knowing that the best approach to winning in Bitcoin is through consistent accumulation and focusing on the long term trajectory of Bitcoin, but still cannot resist the temptation of delving into trading, is it not better to educate these guys and then possibly make them realize the magnitude of their actions and decisions, because one of the major reasons that drives investors into trading is mostly lack of adequate education on the matter, so perhaps their people could also use the medium to learn too on how to stay safe and mitigate losses while continuing in their accumulation process.

Mind you, I’m not promoting trading in anyway, I’ve had my own share of losses in trading due to ignorance, so now I believe I know better and the least I could do is share my experiences and knowledge so others could also avoid falling into the same trade and ensure they make better investment choices to avoid financial losses. Or wouldn’t you agree with me mate?

I want to get your point Tungbulu, are you indirectly asking us to diversify into trading or just stick to buying Bitcoin and holding for long-term? because from what I've gathered here, buying and holding Bitcoin is the only rightful way of accumulating more Bitcoins and every other ways, especially the one you're indirectly leading people into is very risky. However it would be in people's best interest to always focus on the right path, I mean buying and holding for long-term.

As humans we're prone to errors and most time it's because we fail to discipline ourselves in certain areas of life however change is a constant process therefore you must be willing to adjust from things that would cause set backs to attract higher chances of being successful. At this point it would be better to teach people to be more patient and discipline cause it would help them resist the urge of trading and deviating from what Bitcoin investment is all about and not mistaking it for another theory, investing on Bitcoin and Holding for long-term is the best way of accumulating it and every holder must learn to have discipline.