Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
Franctoshi
on 21/11/2024, 04:46:13 UTC
Instead of filling here with trading discussion when we are discussing how to buy and continue buying and holding, why not we take some of these discussion to the section meant for trading alone. There you can share your knowledge and experience about trading and it will be better appreciated because in here, most participants in this discussion are more focused in building their Bitcoin portfolio for long term HODL rather than buying and selling within a short interval of time which is what trading is basically about. I don't think there is anyone that condemned you for talking about trading just that your comments seems to be supporting trading in the wrong board, that is what I understand should be creating the reaction you are receiving from many people.

Most of us here have tried trading before learning how to invest and hold. If you will be honest with yourself, you will accept that holding comes with certain degree of peace that cannot be found in trading because in trading, your capital is constantly exposed to risk daily and weekly. This is the reason why many chose never to trade but concentrate in buying and holding.
In as much as we have passed through some processes of trading in life and have figured out that buying and hodling for the long term is probably the best approach to go about Bitcoin investment. This doesn't mean we can force our own side of things into another person. People will always make a decision that best suits their interests. And again, I wouldn't want to force my view on someone who hasn't seen the brighter side of it. Of course, we can share opinions and if such a person does not have his own personal condition it will be difficult for them to deviate from what they see is right.

Am sure many of us here have one way or another tried trading in the past. We know how long it took us to understand that it was the wrong path before we committed ourselves to long-term goals. In the meantime, there is a better approach to tell Tungbulu how dangerous trading is. Perhaps a real-life scenario/experience will be more encouraging. Let's just don't forget we didn't get to know about Bitcoin in the twinkle of an eye. Things we did wrong were part of what built our knowledge of how progressive and successful we have been in our investment.

And this is basically when people are ignorant of what they are doing, and I doubt if anyone with proper knowledge about BTC would tend to go trading way instead of to HODL. This is why Bitcoin education is very important, sometimes people love to learn from experience without learning from other people's experiences and in some cases they learn the hard way, meaning when they must have lost reasonable sum amount of money in the process of trading, that's when they look for the best way.

HODLing Bitcoin is the best bet ever to go about Bitcoin investment, I remember back in 2017 owing above 0.5 Bitcoin when Bitcoin was relatively cheap, but guess what, I almost lost it all because I never had this education now.
If people would start to see HODLing Bitcoin, as in owing a landed property, we would barely tell people to HODL.

Most People I have seen who are into landed property investment only sell land to buy another land at cheaper prices, meaning you can only sell your Bitcoin to Buy more Bitcoin, selling some portion at the top to buy back the dips.