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Quote from: SuperBitMan on February 16, 2025, 08:33:40 AM

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.

when it come to choice making in bitcoin investment everybody should be conscious and making choices wisely, for the choice you make today determines your bitcoin investment future tomorrow, buying bitcoins and holding them for a long period of time using the DCA strategy is less risky and more profitable than trading out your bitcoins in a short period of time which is more riskier, in as much as trading gives quick money, profit making is not guaranteed it can also bring you down to zero, buying and holding of bitcoin doesn't give quick money but your profit is guaranteed because the price of bitcoin most surely go up one day in other for you to sell your bitcoin and make massive profit.
As for me I we keep buying and holding bitcoin till the market hit my target and I we also advise everyone to do the same rather than trading out there bitcoins for quick money.

When you trade you are gambling and gambling you put you in so much high blood pressure the risk involved too is too much because gambler thinking is just to get profit very quick rather than investing keeping their bitcoin for so much years by then you have been able to buy plenty bitcoin and might still have more profits then the person trading because the price you buy today might not the price it will be in 4 to 5 years coming.
Choose bitcoin investment instead of trading.

I guess this thread is not about trading and we shouldn't be having this conversation but I want to make something very clear to you which is, ordinary trading can not make someone to have high blood pressure rather it is a trader that will make him or herself have high blood pressure what I mean by this is that if you are trading with what you can afford to let go that is a left over fund there is no way you will have high blood pressure even if you incur loss but a case whereby a trader uses a money he or she is suppose to use to settle something or clear some expenses for trading because of greed, it is very clear that the person is inviting high blood pressure so whether Bitcoin or trading it is advisable to use what one can afford to let go.

trading your bitcoin is not really advisable, because trading is as the same as gambling, if you are trading out your bitcoin that's means you are gambling and as a gambuler there is no how you can gamble with what you can afford to loos, because greed we not allow you, the more you see yourself making profit while trading the more you add up more funds which can may like land you in lost or in profit.