Post
Topic
Board Trading Discussion
Re: What do we think about trading bitcoin?
by
tygeade
on 28/02/2025, 20:19:04 UTC
Bitcoin trading is something at everyone is suppose to avoid, forget about the phrase that's says bitcoin trading is high risk, high rewards, trading bitcoin can damage you emotionally and financially. As am currently speaking now the person who introduced me in to bitcoin is a trader, that have been damaged emotionally and financially all because he was trading bitcoin, now all the money he made from the trading has gone back to the market, and now his a deptor all in the name of trying to make quick money from bitcoin trading.
No, it was not about using Bitcoin for trading, nor was he to blame for it. The reason why he loses and turns into a debtor is because of his ineffective trading strategy. A lot of traders use the same coin (bitcoin), and many of them make some profit. Therefore, it was not the coins we used, but it is a trader's approach, and they could lose if they don't make it right. There are a lot of people who tried trading, but many of them failed. Unfortunately, that person is one among those traders who fail.
OP could consider trading is a bad thing, but that doesn't make it a bad thing at all, it's just not something that people are willing to work for, but in the end trading could be a very profitable thing as well.

It just depends on the trader itself and if you are trading very well then you are going to end up with profits. I get that some people lose money at trading, but to blame trading itself, as a concept, just because you made losses, isn't the way to go. If they work hard to study and learn and gain experience in the trading world then you are going toe nd up with much better results and you are going to get profits. Just put the blame on others and move away from it will not gain you anything in the end and you shouldn't do it.