Quote from: Bigjoe33 on August 08, 2025, 06:17:08 PM

Quote from: HajiBagi on August 08, 2025, 02:03:18 PM

Quote from: Princess Leah on August 08, 2025, 01:18:17 PM

Quote from: HajiBagi on August 08, 2025, 04:52:48 AM

Bitcoin is for tradersbut 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.

We don't do that here dear, you can go to the trading discussions board and make such statement then you'll get full support from those with the trading mentality but here we teach people the right thing and also learn including sharing good ideas amongst ourselves, the point of Discussion in this thread is relating to investment which is buying and holding Bitcoin for a longer period but if you think otherwise you can go ahead and keep trading your bitcoin and see how much profits you'll make compared to when you hold it with continues accumulation.

The statement ahead was what I intended replying to what you said concerning Bitcoin being for trading but reading through everything you've said I think I get your point but then you should know that Bitcoin is now seen more as a store of value, therefore it's better to buy and hold to make more profits in the future than trading it which involves very high risk and could make an investor lose everything, majority of the people who choose trading with Bitcoin always end up with regrets.

According to @ruykeri, Bitcoin is not for traders. From what I understand, someone who is into trading can invest in Bitcoin as long as they understand it, they have patience and how it works. He is correct about traders because they are always interested in anything that can yield a quick profit, which is one of the reasons some traders find it difficult to invest in Bitcoin. I didn't make it clear that it looks like I support trading, I didn't support trading here, and I don't engage in trading. Trading is extremely risky and can cause you to lose everything at once. It is better to invest in Bitcoin and stick it it rather than take the chance of trading. Bitcoin has always been a wise investment and will continue to be the best cryptocurrency asset.

According to you, Trading is extremely risky and can make you loos all you have at a go, yea, that's truth. Your points were also clear that you don't do trading at all. That's also okay, it's your choice. Yiu further said said it is better to invest in invest in Bitcoin and stick to it rather than take the chance of trading. This is where I don't agree with you a bit and want to come in. Trading is actually risky but there are people making it real big in the trading world. There are trading experts, not that they don't loos at times, but they know there way and they make profits too, good one at that. That's why trading is still one amongst the biggest paying online business in the world, yea!

Is Bitcoin investment even easier? I know the DCA strategy allows you to accumulate Bitcoin easily as your income can carry you provided you are working with other funds that will support you during this accumulation period. But then, not every investor has the disciplined mindset, patience and zeal to buy and hold for long as it requires. So, to such people, they sell at a slight rise of Bitcoin, and they are okay. Such persons would even prefer trading to investing.

So, it's all boils down to your choice and what you think you can do profitably. If you can buy and hold for long, good for you. If you think trading is where you fit in and can manover you way in the trading space and make gains, then enjoy yourself. Some can even do the two combined, it's a plus for such a trader and investor too.
Known is really all that a bed or roses and easy going. It requires alot from you to get it right at the end

Trading is risky and should not be encouraged, it will take away your peace of mind, Bitcoin is a volatile asset and volatility will affects you emotionally when you are a trader compared to an investor, trading will only give you a small profit and most times they sell at lost as a result of fear and panick, but with investing for a long term gives you that peace of mind to allow your asset to regenerate and grow over time, Bitcoin is best for a long purpose and anyone trading for a few dollar profits are wasting their time and they may end up buying back at a price higher than their selling price, I believe that this thread gives priority to buying and holding Bitcoin for long term rather than trading kind of discussion. Bitcoin investment is easier, take care of your basic needs and figure out is have a discretionary income to invest with for long term perspective 4 to 10 years or more.