Bitcoin is not for traders. Bitcoin is an investment tool for the security of one's life in the future. And no matter how much knowledge one acquires or increases one's skills, real success cannot be achieved through trading. And traders normally invest a lot of money to make quick profits in a short time. That is why they often lose. For example, a person makes a lot of calculations and thinks that within the next 1 month the price of Bitcoin will increase by more than 25% compared to the current one and for this reason He is investing all the money he has, and borrowing as much as he can to invest the entire amount in Bitcoin to make more profits in a short time. But it turns out that at that time the price of Bitcoin has decreased a lot. Meanwhile, he needs money for some urgent need. In this situation, he has no money and hi is forced to sell Bitcoin at a much lower price than before. As a result, he faces a loss. In fact, no one can say exactly how much the price of Bitcoin will decrease or increase after 2 months or 6 months. But depending on the popularity and demand of Bitcoin at the present time, it can be assumed that its value will be much higher in the future after 5 to 10 years than it is now. Therefore, it is advisable to follow DCA and invest for a long time with discretionary income.
Bitcoin is for traders, but if you are a trader and you know about Bitcoin, you cannot see Bitcoin and traders as the same thing because Bitcoin is a long-term investment. Because of its nature, it will always be seen as a long-term investment with a bright future. Any trader who sees Bitcoin as a trader has no knowledge of Bitcoin and is also a greedy person who should be careful with making quick profits. Investing in Bitcoin does not guarantee that you will make a profit in the coming months or that you will get the kind of profit you desire quickly. Bitcoin requires a lot of patience, and you can not invest if you lack patience.
There is no method that can satisfy anyone who lacks patience and tries to invest in Bitcoin. Many people have sold for their Bitcoin for since because they were unsure of it and when they noticed that its price had increased. It is not bad to sell your Bitcoin because you own it, but if you are patient, you will earn more because as long as we are alive, we all have a bright future.
I think at some point, your logic seems to be contradictory because you started off by saying “bitcoin is for traders “, and along the line again you said bitcoin is a long term investment. If bitcoin is a long term investment, then why also say that it’s for traders instead of saying it’s for investors. I think anyone who really understands the dynamics of bitcoin investment wouldn’t agree to the saying that bitcoin is for traders knowing fully well that bitcoin is a long term investment and at such anyone venturing into it must be ready to treat it as a long term project and not as trading or selling off for a quick profit. It’s better to stay off bitcoin investment if you know you won’t be patience enough to treat your investment as a long term project which may last you for your lifetime and not just saying mere 5-10 years. I also do not agree to the statement where you said it isn’t bad to sell off your bitcoin investment not just for any reason simply because you own it,. This might seems misleading to the newbie as it encourages trading and they may start off with such mindset of trading or selling off their bitcoin holdings for short term gains instead of approaching bitcoin as a long term investment goal. It’s not advisable for one to sell off his or her bitcoin holdings especially when you’re still in your accumulation stage and you’ve not gotten anywhere close to your accumulation target, but if you’ve gotten to some level of over accumulation you can easily adopt the sustainable withdrawal method and be able to take out a little of your profit and not to sell off your holdings. That way your accumulation journey will start off afresh and you may likely buy bitcoin at a more higher prices in the future compared to the fast gain you sold it for in the past, and if that happens you are already at a loss. This is why is advisable to always accumulate and hodl for the long term goal.