While trading, you will have different strategies to be using, once you make predictions based on your analysis, you will be expecting the market to go as you wanted but it might say no to your predictions which will lead to liquidation of your money which is so shameful.
However, always have it in your mind that there is no perfect strategy, because the market is not predictable.
If you don’t have knowledge to trade, then use DCA method to accumulate bitcoin.
Many people jump into trading not because they don’t want to invest in bitcoin or any other cryptocurrency overtime, they join because they want to make that quick money and don’t have to wait for years for their investment to reach that point of withdrawing their profits.
True. I share the same thoughts with you. As a matter of fact, I can say that many people explore the path of trading when they're suffering dry pockets, when their pockets are dry and they don't have money, they now see trading as a quick means to earn some bucks. While I don't see much wrongs in doing so, I also believe that it is not the most sustainable way to enjoy trading. Because you might end up failing when your mind isn't well settled for the actual profits to come in but the little profits to mop up.
What many fail to understand is that, trading is not a get rich quick scheme and when you see it as one, you’ll definitely be at a loss most times and will feel devastated and leave at a loss sooner. No perfect approach to trading, despite being discouraged, with good knowledge, you can still be profitable through it.
When you trade consistently without having specific reasons to it, you make it almost seemless to trade and make profits out of it. Turning trading into a get quick rich platform can be so devastating and discouraging. Every little lost will hit the trader so hardly than it should be if the trader invests and loses. At least, trading frequently even when the trader has funds will allow the person to build more confidence more used to the losses.