Quote from: SuperBitMan on Today at 08:33:40 AM

Quote from: obuoma on Today at 07:01:44 AM

Quote from: Fullcoinese on February 13, 2025, 07:45:39 PM

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

Trading profits, if made at all cannot be compared to profits from investment. Buying and holding Bitcoin for a long-term has more profitability potential than merely trading it.

the purpose of trading and investment remains the same, which is to make a profit. Regarding the amount of profit, it all depends on the trader or investor themselves. With the skills and abilities they have, they know where to get profit. Because not everyone is able to hold assets for a long time. Likewise, not everyone is able to trade well and make a profit. Buying and holding Bitcoin in the long term does have the potential for greater profits. Less risk for beginners, but for beginners who have knowledge. Many beginners are obsessed with buying Bitcoin because they follow the trend, it will be a mistake when they do not have the right knowledge before investing.

Trading and investing in bitcoin have no resemblance at all. Trading is the short way to go into poverty and also a quick way of developing high blood pressure. Having the right skills is not enough, what about your psychology. For me investing in bitcoin is the right way to go especially when you follow DCA method you will also have a rest of mind.

I have tasted trading before so I'm speaking from experience, it did not work out as I thought it will be a shortcut to wealth. This is why I have chosen to continue investing and holding. I will continue applying the DCA method which I learnt from this forum to put a part of my earnings into Bitcoin which I will kept for several years even up to my retirement.

It is true that Bitcoin trading is very risky however you saying trading is the short way to go into poverty is what I don't accept if you are talking don't generalize it, it may not work for you but is working for another person I have friends who are into Bitcoin trading and they are making money from it they lose sometimes according to them they say winning more than one loses shows you are making money from it, there are also people who trade just for fun some of this people are accumulating and holding Bitcoin for long term but they usually use 1to 4 percent from there discretionary income to trade and that those not lead them to poverty they are only doing it for fun so saying trading is the short way to go into poverty is very wrong, in as much as we are advising people especially newbies to avoid trading because of the high risk in it let's not pass a wrong information about Bitcoin trading, everyone has the right to make there own choice even after advising someone about the danger in investing in shitcoins people still go for it, so is always better will give our advise in the right way don't try to convince someone just give out your advice and let them decide.

I agree with your point bitcoin trading is risky but not a short way to poverty, for the fact that trading doesn't work for you that doesn't mean that it's not working for others there are a lot of people out there who are making millions and billions from bitcoin trading on a daily and weekly basis, everything just depend on you just go for the one you can handle best, if you can handle trading then trade, if you can handle accumulating and holding for long period of time then go for it, but to be on the safer side and take control over your emotions just limit yourself to accumulating bitcoin and hold for a long period of time using the DCA strategy.