Quote from: Ambatman on December 01, 2024, 10:43:02 PM

Quote from: I_Anime on December 01, 2024, 10:22:49 PM

Trading not bad though but I will say you're making the right choice avoiding it ( trading) , because trading not something one can start without having good knowledge on how it works and stuff because to understand trading takes time and energy, and also determination, without any knowledge you will only get yourself rekt (losing everything).

you right though, if you looking for relative peace of mind and a sustainable Growth
Then investment is the goal not trading.
Yeah, there are People that makes it big from trading but who trades with something as Valuable as Bitcoin?
Even with a perfect technical analysis
Failure would still exist in trading.

Investment just require consistency, a dedicated mind and Risk management.
If trading was so successful, wouldn't be the face of Bitcoin.

There is no such thing as a perfect technical analysis and yes failure in trading will always exist exactly because there is no such thing as perfect analysis on short-term trends. Investment, if you follow a plan thoroughly, requires the least effort in regards to transactions itself. However, if someone decides to stick to an asset long-term for some reason and gobble up a lot of it because they think it is promising, then studying that asset and keeping up with information and available learning material would be the effort required. But it is less stressful. Learning about a subject that you are interested in without having to act nonstop on what you've just read 10 minutes ago is a whole lot more relaxing than these trading things.

And by the way, I don't know how much people know about trading in markets in times like these, but you should be aware that you are mostly competing with AI and algorithms/bots. Some traders will still claim they can generate an alpha, but real trading is probably mostly taking place in an automated fashion. You'd rather make a fundamental decision and a purchase plan or if you are someone who has an information edge over everyone else, well then trading might be for you, but I assume that most of those talking about trading do not have an information edge over everyone else.

Regarding, such an information edge does probably not even exist anymore because what is it that could give you an edge? Perhaps US legislation making a big move towards embracing bitcoin, but then these types of news had their wear and tear over the years similar to the Chinese "banning bitcoin", close to nothing would happen anymore. I'd rather not waste my time with trading and technical esoteric guru analysis.