It is this kind of greed that is slowly destroying them.
I have a friend who does different things to what I'm doing right now because when I was in investments in the last few years and he did it with trading.
It is undeniable that the profits he has made in one day are quite large to get which makes him sometimes more arrogant because he gets big profits from the trading he does and sometimes compares with the investments I have made in recent years in bitcoin.
But on the other hand in the end sooner or later losses began to hit and the peak was this month where he almost lost 80 percent of the balance he had due to the trading he did which made him now more temperamental and tried to close or increase the load so as not to be exposed to liquidity by selling some valuables including the property he had.
This is an example of when traders and investors become different things. I am now still quite comfortable with what I am doing where I am still not bothered by the current price but in contrast to my colleague who did last month have problems and almost burned because the trading he did was not in line with expectations which made me think that traders are not something that everyone can do because sooner or later they can be destroyed by the actions they do. So, although I will not prohibit those who become traders but it would be better if it is reconsidered if indeed we choose that path.
Traders will frequently tell you about their gains, but they won't tell you about their losses, and another thing if there are two guys putting money into bitcoin for a couple of cycles, the trader would hardly have any abilities to perform as well as the one who just put the money into bitcoin and did not try to trade it.
The trader will also likely end up shifting back and forth about whether he is buying, selling and/or waiting, while the one who is ongoingly buying will not lose his focus, and he will keep buying. .and yeah, even if the buying one screws up by buying too much at certain prices and/or not buying enough at other prices, at least he is able to stay focused on ongoing and persistent buying.. There can be some comfort in the ongoing buying in terms of building up the bitcoin holdings in reliable kinds of ways that ultimately becomes difficult to beat for anyone trying to trade and/or to keep up or to catch up to the one who is ongoingly buying.
That is indeed the case because after all, although not directly, sometimes competition in wanting recognition is always there, especially sometimes for some investors (maybe I am also included in it) always think that in the end doing traders is just like we are trying to play with fire which will only wait to burn at the end.
So in the end they will try to continue to show off their achievements including what my friend did but when they feel they are losing they will never say anything until they are destroyed though, this is based on my personal experience with my friend because until now he has never told me again about profits but tried to cover up by selling some of the assets he had so as not to be exposed to liquidation.
But it can be understood especially for me at this time that in the end even though I don't see them traders making mistakes because it's all in accordance with their goals but it cannot be denied that if the comparison to stay comfortable (not meaning without risk) then the comparison between traders and investors then being an investor is a thing that is indeed worth doing.