Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
MainIbem
on 17/02/2025, 08:25:49 UTC
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.
As you mentioned that everyone has the right to choose themselves I agree with it. But if anyone makes a mistake in front of us after experience, it may be our duty or responsibility to teach him. So for those who decide to trade at the beginning, my only advice is to refrain from it. It should also say why you are not accepting simple things or trying to understand simple things. Start investing in Bitcoin by arranging your finances and taking things easy.

In fact, it is easy for everyone to invest in Bitcoin from the new situation, maybe it's not new because it is constantly being discussed. See Bitcoin investing a little knowledge and little money is needed and on the other hand, trading requires a lot of knowledge and experience as well as a lot of money. So those who are leaning towards trading instead of investment do not realize that they are misleading themselves.
The point here is that preventive education is the best because one effect of trading is that when someone gets too exposed to the risk involved, he looses interest in not just trading but also in investing in bitcoin. I understand the power of choice and freedom of self determination but you won't leave someone perish because he chooses to.

Imagine coming home one day and seeing your a family member trying to commit suicide, will you allow him make the choice of life and death or insist on stopping him??

Most times there are choices that it's dangers are above it's gains. If newbies are allowed to make their choices, more than 70 percent would choose trading. And just like the prodigal son, when he looses every asset he would quit bitcoin investment completely. That you gambled today and won doesn't make gambling the best approach. Investing in a long term bitcoin accumulation should be taught on billboards and tech schools.

Many people gave mace errors due to that same power of choice and lately I get tired to correcting anyone cause they make you look foolish for doing that, it's their choice anyway, they can do whatever they wish so far it doesn't affect me in anyway, the least I can do is try put them to other when they're making the wrong choices but I won't force it cause it's their decision to be made. Anyways the easiest way to make money through Cryptocurrency is buying and holding Bitcoin just thar it's requires one to be very patient and I consider that as perfect since patience is a virtue. Anyways it's never a wise decision for people to start their Crypto journey with trading, it might have a very huge short-term profit if lucky but the risk is very huge as well that's why the best option for me still remains Bitcoin Investment and not trading.