Re: Buy Buy Buy or Sell Sell Sell?

Quote from: Pablo-wood on February 08, 2025, 11:42:32 AM

Quote from: Sim_card on February 08, 2025, 11:01:15 AM

You can not serve two masters at the same time, because you will be committed to one than the other. If you are trading and investing at the same time, there's high possibility that you will be liquidated in trading and you will go and dip hand into the bitcoin that you are investing because it is always lying in your wallet to tap some bitcoin to trade with. You will believe that you will make profit and put it back but gradually, you will lose all your bitcoin investment to trading because trading is same with gambling and you will run at loss in the long run.

What are you saying? Hehe Cry

when we live in a society where you can't survive with just one stream of income let alone relying solely on a long term investment like Bitcoin. A newbie who is just starting out will find this advice too discouraging. One can still be a trader and investor at the same time and there are many of them out there who are making it big running both at the same time.

How could one source of income be enough for you when you want to use most of your income for bitcoin trading and investment at the same time? Even though you have one source of income, you can still accumulate bitcoin and hold it as long as you want to if you are disciplined and accumulate bitcoin according to the side of your discretionary income. It is only newbies who are reasoning like you who will be discouraged by this advice since they are very much concerned about trading bitcoin for short-term profit, and there's nothing they will hear that could make them agree that trading bitcoin for short-term profit is bad, but I like people like you; it is only when they learn in the hard way that they will believe.

Quote

Trading is not bitcoin accumulation strategy, because you are selling. When you are accumulating, you don't sell. So buying to sell and buy back is classified as trading.

When you have just started your bitcoin investment as a new investor, you are to set up an emergency funds which you will use to take care of any real emergency that plays out on your bitcoin accumulation journey. You can share your discretionary income into two part and invest into bitcoin with one part and use the second part to build up your discretionary income to three months of your monthly income. This will be a back uo funds to your bitcoin investment so that you don't sell your bitcoin when an emergency arises.

I think you have to go through my reply again. I never referred to bitcoin trading as an accumulation strategy but an approach to help increase capital for investment. Trading and investment can go hand in hand for someone who has good discipline and emotional control and have high accuracy in decision making knowing when to pause and when to take the risk because even with DCA bitcoin investment is still not a 100% guarantee.

There's no business or investment that doesn't involve risk, so bitcoin is not risk-free, but it is very difficult for you to lose your money in bitcoin investment as long as you don't sell your bitcoin out of panic. When you are recording success in trading, it is always difficult to know when to take a break from trading, and greed will make you think that luck is still on your side and you will keep recording success as long as you keep trading, and before you know it, an unexpected dip could happen, and you will lose your money in trading. And if this happens and you don't have enough money to take care of you daily expenses until the market bounces back, this is where you will dip your hand in the bitcoin you have been accumulating for long-term purposes to survive.