Post
Topic
Board Beginners & Help
Re: Too late to buy Bitcoin ?
by
sotelorene
on 19/12/2024, 02:07:08 UTC
Trading is still profitable and for those who are ready to learn trading can still make good profit from trading, but buying bitcoin to hodl is a better option for those who are not ready to learn trading but want to make quick profit from trading, instead of losing money on what their is no understanding about it will be better to buy bitcoin and hodl. Hodling is just stress free for those who really understand the volatility of the market and have patience to hodl bitcoin.

Both hodling and trading is profitable but it depend on which of them people have interest interest and understand better.
Undoubtedly, holding is a good way to stay stress-free. Holding is a safe sector for everyone because there is no problem here. You can hold it stress-free and relaxed if you want, there is no fear of losing your money. Holding is good for everyone; anyone can handle it well.

However, trading is not safe for everyone because many people are affected by it. I have heard very few people who have been affected by holding, but I hear and get various types of news that many people have been affected by trading. However, trading is a very good sector for those who understand trading well and can analyze the market well. You can earn much money from trading if you are a good trader. But for those who do not understand it, trading becomes a means of loss. That's why trading is not for everyone; trading is for those who understand well, and holding is the safest for those who don't understand so well. But you can earn income from both sources.

Many people give different types of advice to beginners on learning to trade, and it has been seen that they get disappointed. That's why I won't disappoint anyone. If they can learn well, I want them to move towards trading. However, to learn trading, you must spend a lot of time and learn well.
I agree with you, actually holding is a stress-free strategy, where you have to believe in Bitcoin, and wait for long-term profits, (at least for 10 years). And there is no need to worry about the daily fluctuations of the market, just buy Bitcoin regularly using DCA without looking at the price.
But in about trading, trading requires skills, experience and deep knowledge of market analysis, and those who do not understand it properly, will easily get hurt. So trading is not for everyone, you can be successful in trading only when you have a deep knowledge of all the "small to big" everything aspects of trading. And it will take a lot of time, and you will have to face a lot of losses in new situations, and only those who can endure all this and survive, Only that person will be successful in trading.

Holding maybe the best way to go about Bitcoin investment but  it is not actually stress free as you said it because consistency is not actually easy, you will have or need to work hard and discipline yourself before you  can be consistent and it is impossible to do all these without passing through stress and some challenges. DCA method is the only method that allows investors to accumulate Bitcoin in regularly basis which could be weekly, monthly or yearly depending and regardless of the market condition.

Trading, sometimes seems to be interesting because it doesn't actually take too much time unlike holding where you will have to wait for years before thinking of taking profit if you wish and the people that mostly go into trading to me I see them as impatient people who can not actually buy and hold there coin. However, trading is very risky compare to investment and it takes a lot of time for one to even come up with a strategy which often time doesn't still work.