Post
Topic
Board Speculation
Merits 2 from 1 user
Re: Buy Buy Buy or Sell Sell Sell?
by
Sticky Bomb
on 14/01/2025, 14:14:23 UTC
⭐ Merited by Stablexcoin (2)
.....EDITED OUT
Because in my personal opinion, trading in crypto or bitcoin has a huge positive side if we carry it out with sound knowledge and good emotional control. But the mistake is, many people are trapped by the news, and think that trading in crypto or bitcoin is an easy thing. However, in reality it is not that easy. So what's wrong is not trading or investing, or even crypto assets. But what is wrong is the person who carries it out without proper understanding.
There are few traders who actually know what they are doing, the rest are just messing up themselves and their finances. Investing in bitcoin is very much better than trading it because you need not pay unnecessary attention to any news nor trends, but remain focused in your Job or career in order to raise funds for your periodic accumulation of bitcoin, build your emergency funds and other backup funds and get better at your cashflow management. Its all majorly positives for investors and majorly heartbreaks and tension for most traders I know.

Quote
Because Bitcoin investment is the same, if the person carrying it out is someone who doesn't have the right knowledge and is obsessed with wanting to get rich quickly. I'm sure this won't produce maximum results. Because what is certain is that typical people like that usually have a tendency to quickly panic, are impatient, and have no commitment to their own intentions. Therefore, it is very likely that if a person invests in bitcoin, and for example the price of bitcoin falls, a person with these characteristics will immediately panic and sell. Therefore, knowledge, experience and understanding are very important in the realm of bitcoin and crypto investment or trading.
Anyone carrying out bitcoin investment with the mindset of getting rich quick is merely trading it and not necessarily investing into it, I think we should be clear on that and such gambling has a very high tendency failing the gambler no matter how accurate he thinks he is in monitoring the markets to enter at a good buy position again. Such people did not begin their accumulation on the right mindset, they were only focused on price and not their accumulated target. A good investor focuses more on his accumulation target and disciplines himself to continue buying bitcoin across cycles without entertaining the thought of selling or shaving off profits as the case may be. You do not need much experience to be a good investor, it baffles me that most traders upon the time most of them spend learning to fuck around with bitcoin ends up getting fucked up by the markets, while investors who doesn't have much knowledge nor experience, but starts accumulating bitcoin with the right mindset and available discretionary income ends up being far more successful than them in the long-run