The very best traders it will give profits, dont doubt some people got magic in their finger tips. We're talking a rarity though, assume its not you as most people should not expect to win trading.
The dedicated trader I know who is regularly able to capture trades and walk away from it win or loss without being too caught up also rises at 4am every morning, watches the Japanese markets onwards for the best clue on how global sentiment is rebounding in markets that day. Most of us lack both the clarity and dedication to really listen for the smallest clues how to proceed that day which might be completely different to the next.
The reason I caught this thread again to read is the basic premise is with us once again, dont forget the mantra hold whenever you can. Times like this the grip can get tiring and we may slip
Markets want to test strength, its a positive eventually to have an active market even if that might be a lower price sometimes during a bull market.
I think we are traversing a range mostly for now, now looking for a direction given beyond that bounce back and forth we've had many weeks now.
Why would you stress yourself that much for little profit with no rest of mind and peace. When you can just buy and hodli for long with ease. No matter how magical the trader fingers are, he will run at loss in the long run, and will be a loser because he will be a low coiner or no coiner in future when investors are reaping the profit from their bitcoin portfolio, because the price of bitcoin will be very high.The dedicated trader I know who is regularly able to capture trades and walk away from it win or loss without being too caught up also rises at 4am every morning, watches the Japanese markets onwards for the best clue on how global sentiment is rebounding in markets that day. Most of us lack both the clarity and dedication to really listen for the smallest clues how to proceed that day which might be completely different to the next.
The reason I caught this thread again to read is the basic premise is with us once again, dont forget the mantra hold whenever you can. Times like this the grip can get tiring and we may slip
Markets want to test strength, its a positive eventually to have an active market even if that might be a lower price sometimes during a bull market.I think we are traversing a range mostly for now, now looking for a direction given beyond that bounce back and forth we've had many weeks now.
Investing is the best way to go about with your bitcoin involvement because bitcoin will be scarce in future and very expensive. This why you a new investor should only buy bitcoin and build his portfolio to a certain level for future sake, because bitcoin is still in her maturing stage. DCA strategy is gives you the room to buy bitcoin regularly every week irrespective of the price of bitcoin and if you do this for 4-10 years and above, you will be far ahead of those who are gambling in the name of trading. We should always plan for the future with what we have today and not waste what we have today to suffer in future.
Its just show that people really have different preferences the way hot they like to spend their money. So if they really like to trade despite of knowing the risk for selecting this option well be it we cannot change peoples mind to like what we are suggesting to them.
The only thing we could do for other people could read this post we made here is to make them realize that trading is not easy and more risky to do especially if they don't have knowledge or time to track the latest updates of the market. While choosing to HODL will doesn't give them much more to think about since the only thing they need to execute with this option is to continuously accumulate when they are capable to buy Bitcoins. Although its still risky but it doesn't give them bigger issues compare if they trade their Bitcoins.