Quote from: leonair on Today at 03:40:02 PM

Quote from: Joy- maker on February 26, 2025, 12:45:09 PM

Normally me I don't like trading bitcoin, yeah I know there are some benefits and profit making when a trader make correct decisions and react to the price Volatility while trading.
But come to think of it why we someone who have seen bitcoin proving itself to be a store of value with potential returns, we still choose to be trading bitcoin rather than accumulating bitcoin and hold for a long period of time.
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.
I Have never seeing anyone who said, I made huge amount of money from trading bitcoin, the testimonies I always see or hear is see the amount of money I made from my bitcoin investment.

No coin including Bitcoin should be traded. Trading will always make you panic and always make you make wrong decisions. Because when you buy a coin for trading purposes, seeing the volatility of that coin, you will sell it at a loss to protect the loss, and small losses will eventually turn into big losses that will make you panic more. So trading plan is never good. You can only invest long term on a coin that will give you confirmed good returns over a long period of time.

I know there's no direct comparison of gambling versus trading, but come to think of it, both involves risk and if you are willing to lose some funds all in a bid to win big amount back, why won't you be willing to do same for cryptocurrency, just to make good returns.
If there were no traders, I wonder how you would get to transact from BTC to a trading pair or your local Fiat, if need be. Afterall, what is the essence of P2P system if it ain't to solve trading needs.

The issue with trading BTC is that the returns may be lower than altcoins with higher risk and as it is more used as a hedge against inflation and that's one reason it's pegged to the dollar.
The best way to make profit from BTC is not to trade it as a newbie trader or even per time or short term. It is to hold it. Accumulate as much BTC as you can for a long period because the price is sure going to get higher and then you can diversify when necessary to trade altcoins quickly when they pump.