Quote from: Sim_card on March 26, 2025, 04:26:38 PM

Quote from: Renampun on March 26, 2025, 05:42:09 AM

Quote from: Agbamoni on March 25, 2025, 08:59:23 PM

Quote from: Stable090 on March 25, 2025, 08:28:26 PM

Quote from: SuperBitMan on March 25, 2025, 03:41:13 PM

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As a newbie the very first day you decide to start trading Bitcoin that is the day you made a big financial mistake. I cannot support any discussion that has to trading because I believe trading should be avoided by all cost in my own opinion. New Bitcoiners are being deceived online when they see flashy lifestyle of influencers and content makers who claim they make billions in trading Bitcoin. Most of those things they see there are fake lifestyles. Yet they choose to start trading an asset which they should have just invest in for long term.

However, everyone has their choice to make when it comes to being a bitcoiner. Someday we will reap the consequences of our actions whether it yields something good or not. I will always spill the truth and that is instead of a newbie to take all the years of learning how to trade Bitcoin why not they start their investment journey for that number of years and see how much they have accumulated in their wallet.

Trading without skills and capital will only end in losses, the influencers out there will not care about the losses you suffer, they only live for content and make money with content.

Having the capital and skill in trading does not guarantee that you will make profits when trading, because even professional traders run at big loss for just a slight mistake. It is not easy to ride on the price wave of bitcoin but a lot of traders fails to understand this, and they think that they can outsmart the market. Anyone that is serious to pile up wealth for his future shouldn't consider trading, because it might be the worst lane to pass through.

Bitcoin long term invest has given you the opportunity to invest in bitcoin through DCA in order for you to pile up wealth for yourself buy using only your discretionary income to buy bitcoin regularly and your focus should is for you to be consistent and persistent in building your bitcoin portfolio to your target. This is why, you need to always work on your income to improve it so that you can invest aggressively.

You know what Sim_Card, many traders pride at accurately timing the market to make gains, but in reality and with Bitcoin volatility and market manipulation, it's evident no one can continue to outsmart the markets Everytime as you can make mistakes one day and your losses may be far above the little profits history.

Instead of relying on the little gains that comes with trading, why not work in increasing your streams of income and invest into Bitcoin with the resulting discretionary income and allow your funds grow overtime, thereby securing your financial future better.

Traders must continue monitoring the market to buy when the prices are good for profits, this calls for emotional decisions and sometimes miscalculated actions which leads to losses. DCA on the other hand removes those decision fatiques and errors by allowing you to continue buying across many market conditions and keep enlarging your portfolio.

Lastly, I must mention that trading is very time consuming and emotionally trapping . Investing gives the person involved back his time to do other necessities that would fetch them money and worry less about market conditions while only trying to expand their portfolio with consistent purchases. The emotional stress is limited with investing against trading.