Re: Buy Buy Buy or Sell Sell Sell?

Not investing in bitcoin even after having the knowledge is sometimes demoralising after realising that the price has left where you met it. Procrastination is a thief of time and works perfectly well in the midst of excuses.

I have always known about bitcoin for long now but didn't know how it worked neither did I get interested in knowing how it works. I got keenly interested in bitcoin in investment last year June when bitcoin was less than 63k when a friend tutored me on how it works. I became excited and wanted to try. But learning the knowledge of bitcoin from a trader is a very big setback on long term investment. I only learned that you can buy and after a while when the price changes to something above your cost price you could sell.

Everything was right but I didn't get to learn that there was more to bitcoin than trading. I sold of the little I had immediately bitcoin rose to above 70k and became skeptical about buying again. Within few months bitcoin crossed the 100k ATH and that was when I realised I learned the wrong way.

Buying bitcoin is not really an issue, but being disciplined not to sell it off in a little provocation. Now, we buy and buy more because I have come to realise that bitcoin is closely a one way project, always on the rise. Learning about bitcoin from a trader is one of the worst hurdle anyone can have in the area of bitcoin investment.

Yes, you won't get the right idea about Bitcoin from a trader. The trader buys bitcoins and sells them at some profit. So if you go to a trader to get ideas about Bitcoin then he will give you ideas about trading. When you invested, if you could have held until now, you could have been in good profit now. Bitcoin will grow in popularity day by day and Bitcoin price will continue to rise in the future. Since you realized you were wrong, you continue to invest in Bitcoin again and hold long term. So you can follow DCA method, which is the best method to invest in Bitcoin.

Both do it for profit in the end.
They just stabilize risk / time differently.

Firstly, we could create same impression and mindset but we still do it differently and more perfect. I’m sure everyone must have experienced this once in a while having a good mindset to make profit and end up creating a mess, that’s the perfect example comparing trade and investing. Relating same energy when investing or trading the results will always be different not minding the aim, both for profit no doubt still doesn’t guarantee a trader success although at some point investors still make mistakes for example reading what hero_the_bossman wrote above basically lack of knowledge can lead to investment loss and higher risk sometimes ignorance, meanwhile trading still is not safe with a 10% knowledge, it’s risky trying to introduce a newbie to start trading why not invest instead. Most of the site we read online are only centered on trade when they know bitcoin investment is not only buying when the price is low and sell anytime, This impression is wrong and it has cause a lot of wrong investment choice.