Quote from: JayJuanGee on Today at 04:05:20 AM

Quote from: Bd officer on March 22, 2025, 09:45:56 PM

Quote from: Soft Crem on March 22, 2025, 04:00:19 PM

I want advice from those who have been working in Bitcoin for a long time and some advice on how to do something good if I work on it is good for those who are new and want to work with Bitcoin. Because new bitcoin users don't know when the price of bitcoin goes up and down sometimes. That may not do any good by buying bitcoins.

Traders see when prices will rise and when prices will fall.

If traders can see when the BTC prices rise or fall, then they would be pretty rich, but instead traders are generally losers - especially when it comes to bitcoin and especially when it comes to longer time frames such as 1-2 cycles or more into the future.

Sure, traders try to predict which way the BTC price is going to go, and then they move themselves in and out of bitcoin based on their anticipations of which way the BTC price will go. It's a losers game, even if some of them might have long streaks of success, it does not take too many times being wrong before much if not all of the gains end up getting wiped out and they end up in a worse position than if they just bought bitcoin consistently over the years and otherwise just held bitcoin without selling it.

Quote from: Bd officer on March 22, 2025, 09:45:56 PM

Now if you wait for the price to rise and fall then you can be compared to the trader. Because long-term investors never wait for prices to rise or fall, they aim to hold for the long term. Now if you wait for the price to drop you will never find the right time, you will miss some opportunities waiting for the price to drop. So if you have a long term investment plan in Bitcoin, don't focus on whether the price is going up or down, start investing with DCA method. If you invest in the DCA method, you will have the opportunity to buy bitcoins at the average price.

This is all correct. It is good to start buying bitcoin right away and then just work out that the amount of bitcoin being used is reasonably within the discretionary income that is wanted to be used to buy bitcoin regularly... perhaps planning to buy regularly over 4-10 years or longer.

Traders don't have the ability to see into the future and tell 9f the price will pump or dump, they are only limited to smaller time frames which could be guessed or making use of some random technical analysis to tell the price movement's directly. If traders could see the future of price movement don't you think that more than half of the world population would want to be a trader? Besides traders loss more than a regular bitcoin holder especially when it comes to pump and dump shitcoins. From my perspective, I view trading as another form of gambling where your knowledge, emotion/instincts, and luck has to be present before you can make a win. I know of few person who have started trading yet all their stories always end up in loses, and trust me these dudes have spent countless working hours studying and making research about a specific project before they start hiting the buy or sell buttons yet they'll prefer to keep losing than start accumulating bitcoin which is a wrong ideology.