Quote from: Tamaperdana on May 18, 2025, 04:10:46 PM

Quote from: maydna on May 18, 2025, 11:03:23 AM

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In my opinion, even though a trader has great skills or analysis, it still does not make trading safe to do. Because trading basically cannot be analyzed with certainty, because there are many things that make prices fluctuate without us expecting it. So basically trading has a big risk, for beginners or those who are already proficient. That's why if you don't want to lose your money, then stay away from trading. Because it is very rare for someone to really get rich from trading. So we have to think clearly and it is better to choose to invest in bitcoin. Because investing in bitcoin is more secure and besides that we have great hopes in the future. Because even though investing in bitcoin has a long duration or time process, it will not disappoint you in the future. So doing DCA in bitcoin can indeed be said to be a good step towards a brighter future. Because bitcoin is guaranteed from everything and there is no gap to destroy its reputation. So if you do DCA in bitcoin and hold it for a long time, you don't need to worry. Because Bitcoin is decentralized, no one will be able to manipulate it.

So that mean if someone don't want to lose their money, they just need to buy and hodl which will be safe for them. Trading is difficult if they don't have skill so they must realize that trading is good or bad for them so they can decide to choose the right for them. Bitcoin investment will be a good choice for them to have many Bitcoin, start from small amount of satoshis and continue buy using DCA and keep buying if the price is down because that will be a good time to add more Bitcoin to their wallet. Yes, using DCA help them to buy Bitcoin in the right time, no matter what the situation and condition in the market. They just concern with the time to buy Bitcoin and buy it while the time come.

Quote from: JayJuanGee on May 18, 2025, 08:03:25 PM

Quote from: maydna on May 18, 2025, 11:03:23 AM

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Yeah, but this thread is not about trading, even though perhaps it has the misleading idea about buying the dip in its title.

There is almost no way that anyone coming to bitcoin needs to learn trading - especially beginners, and it is also likely quite misleading to suggest that experienced traders are going to do better than someone who focuses only on investing and accumulating bitcoin, so it is misleading to suggest that experienced traders are going to even profit from involving themselves in trying to trade bitcoin.

What you said is right @JJG, I fully agree. I can use myself for example, I lost my money when I traded and when I am a beginner although I still beginner until now. But once I realize my mistake, I try to decide to become an investor and only buy using DCA especially when the price is down, I will buy more with another free money that I prepared before. That change the situation on me and I can see my Bitcoin amount increase and that make myself happy of course Grin

Although that is misleading info that experienced traders are going to profit, that still tempt people to keep trading. One of my friend even add more money to trade but lost more than he can imagined. I then suggest him not to trade and only buy and hodl but I don't know if he follow my suggestion or not because he moved to other cities and we never met until now.

Quote from: JayJuanGee on May 18, 2025, 08:03:25 PM

Quote from: maydna on May 18, 2025, 11:03:23 AM

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I agree with you on this part. Maybe it is good to point out that historically there have been so many folks attempting to trade bitcoin who may well have had made plenty of dollars, yet they still ended up selling way too much of their BTC too soon out of expectations that they will buy back cheaper, and so part of the reason that investing in bitcoin has done so much better historically, as compared with trading is based on the fact that the investor is erroring on the side of ongoingly buying bitcoin and perhaps when in doubt HODLing, and not selling or perhaps buying more whenever there are either dips or periods of uncertainty about bitcoin price direction, the investor continues to buy and sooner or later the holding of bitcoin ends up paying off quite well, and there is not really any other asset that has performed as well as bitcoin historically, which ends up not working so well for guys trying to trade it.. Sure, there is no guarantee that bitcoin's price will continue to go up, yet bitcoin's investment thesis does not seems to be getting any weaker with the passage of time, even if the slope of the UPpity price curve might not be sloped as high as it had been historically.

Many people trying to trade because they see in social media, other people share what they get from trading. But those people are not realize that trading is not easy so they can lose their money anytime. But if they realize that by choosing investment, they don't lose their Bitcoin because they just hodl it for some years and not trade it even if the price increase. Even if they buy Bitcoin at a wrong time, they will see that Bitcoin will be back to the price they bought before and even the price will jump higher so they will see the chance to make a bigger profit. That is what I explained to my friend who bought Bitcoin at a higher price and he ask me what he need to do. I suggest him to hodl his Bitcoin and not sell no matter if the price still going down deeper. Fortunately, in the next 2 weeks later, the price start rise and finally, the price can pass to the price that he bought and made him happy. But I still suggest him to keep hodling his Bitcoin and not sell although he can see the profit at that time.