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.
In my opinion, Bitcoin is for everyone who is interested in owning it, whether they want to sell it or not. However, without BTC trading, it would certainly be difficult for us to obtain Bitcoin because we buy BTC from BTC traders, except for those who mine BTC, who will receive BTC. And of course, I think what causes people to lose from BTC trading is that they are impatient to hold their BTC and sell their BTC even when they are at a loss. If they could hold their BTC, they would surely make a profit in the end.
However, long-term investment is certainly a smart choice because holding BTC for the long term will certainly yield significant profits. There are certainly many examples of people who have successfully held their BTC for more than 10 years and ultimately achieved significant profits. So, in my opinion, people who trade BTC are not wrong, and those who invest in BTC for the long term are not wrong. What is wrong are those who lose from investing in BTC and lose from trading BTC because they cannot hold their BTC.
However, if someone trades BTC using borrowed money, it's certainly a big mistake, as losses are inevitable. So, ultimately, it's a lack of knowledge that leads to losses. However, if
you invest and trade using money
you can afford to lose or discretionary income,
you'll certainly make a profit as long as
you manage it well.