Quote from: JayJuanGee on Today at 03:00:54 AM

Quote from: Princess Leah on February 13, 2025, 07:32:40 PM

Quote from: DubemIfedigbo001 on February 13, 2025, 06:00:47 PM

[edited out]

I see some people linking trading to Bitcoin investment and it gets me confused cause, Bitcoin investment requires longevity while trading are for those that are impatient to wait for a longer period and are willing to risk speculating the price of other cryptocurrencies, I don't even think it would be nice to involve a coin like Bitcoin with trading cause it's very risky and one could lose everything they've been trying to achieve, the best way to maximise profits in Bitcoin investment is to buy and hold for a longer period, then buy periodically to help recover loses when their's a dip.

Some people get the both concepts wrong and it's so misleading, it's either you choose to be a holder which is buying and holding Bitcoin for longer period or risk going into trading Alts and shitcoin but the concepts shouldn't be misinterpreted, you don't trade with Bitcoin neither is it advisable to hold shitcoins for a longer period but if anyone decides to do otherwise then the joke's on them cause it would end in regrets, except luck helps them like it does for some traders but it's not advisable especially for Newbies.

Many people cannot resist temptations to trade, and if they could at least force themselves to limit their trading budget to no more than 10% the size of their BTC stash, without cheating by continuing to dip in their BTC stash when they lose, then they might be able to at least satisfy their inclination to want to trade/gamble.

A lot of people are not able to limit themselves to less than 10% trading (and shitcoining), yet those who do will likely come to see that trading is a very difficult thing to accomplish, including taking a long to time to practice in order to get it to be consistently profitable, especially over a longer timeline, such as 4-8 years... the longer the time frame, the more likely they would have had been way better off just buying bitcoin and sticking with a focus on accumulating bitcoin.. yet it is understandable that they might want to try to outsmart the market.. so if they can at least limit themselves to less than 10% for their trading and shitcoining, then they can really find out whether they have abilities to trade and to actually outperform bitcoin over a longer timeframe.

Trading can indeed be very tempting and many people are often lured into giving it a try, most people often have this huge misconception about it by thinking that it’s an easy peasy process, either because they often see that some of those online traders shows off their profits (some of which are actually false proofs) and then they also imagine themselves giving it a try and also making the same profits too. But the truth there is that trading is actually just a slippery slope. Many people who started out in trading end up quitting earlier than they imagined due to unintended losses which are inevitable when it comes to trading, even for those who pose themselves to be professional traders.

I completely agree to your idea of setting a trading limit of not more than 10% of your asset for those who can’t resist the alluring itch to trade, because this way, the person can actually satisfy their itch to trade without having to risk losing their Bitcoin stash. And the truth is that if you’re unable to stick to that limit then that’s a huge sign that you really do not have what it takes to trade because trading requires a very high level of discipline and self control.

Yeah due to the complexity of trading, it takes a pretty long time of practice and patience to be able to become consistent in making profits off trading. Even when that happens, it still doesn’t mean that you won’t encounter heavy losses sometimes because there are no guarantees in trading and no one is immune to losses from trading so rather than undergoing such financial pressure, isn’t it just way more better to buy and hodl for the long term?