In summary, what you said above is that, bitcoin traders are also good investors, and trading does not stop one from holding some bitcoin for the long term goals, as a trader the most effective thing to do is to keep aside your trading capital and also keep your bitcoin holding capital, this way one can even use the profits their make from trading to buy and hold bitcoin at some point because it clear that trading can give you a significant profits most especially when the trader has skills and experience in the market and taking the right trading step they always be and remain in profits.
Personally I wont want to do both trading and investing at the same time. The mindset of a trader and and that of an investor is not the same. I would be astonished if anyone can comfortably do that without jeopardizing his investment or his trades. There is a saying "you cant serve two master". If we relate that to Bitcoin, we can basically be sincere that its best to either choose to be a trader or an investor. When you focus on one, and implement every strategy and show focus you will be successful in it. I can testify in investment literally.
I understand that this thread priotize Bitcoin investment over trading but yet I've seen a few guys that I know personally who combines the two and they're doing well for themselves. Although I cannot advice anybody to combine the two but it doesn't mean that a few people are not combining it and making profit. They have none custodial wallet for investment and exchange account for trading. But most people who combines them fails woefully because trading can be a distraction for most investors.
I emphasize again that I cannot advice anybody to combine trading and investment,
those individuals that I mentioned are experienced trading professionals and they don't depend on trading profits to survive. A fact is that if you place trading and investment on a scale, investment weighs far better than trading because it carries far lesser risk than trading that is why Bitcoin investment is highly recommended.
In my opinion, investing in Bitcoin rather than trading Bitcoin to hold Bitcoin can help you hold Bitcoin. To invest, you first need money. If you invest some money from your monthly income source, it will eventually reach a good goal.
I get the point and you are right, however it is very important for you to be more specific with the wordings. When you say "
some money from your monthly income source," someone entering this thread for the first time may think that you mean any part of their salary or income. it may not have been your intention, but you may end up confusing someone into using money that meant for his bills to invest which would be risky.
That is why it is bettter to be specific and use the word "Discretionary Income," which is the portion of money left after one has already covered his/her essential needs.
You're right mate.
Clarity remains the key to certain discussions, particular when it comes to financial matters. It's important to prioritize using the required and necessary terminologies as it helps avoid confusion and also ensure that your readers or audience get the actual point you're trying to make.
When discussing about Bitcoin investment, it's crucial to lay proper emphasis that people should only use their discretionary income, which is not just an amount from your income, but the amount that's left with you, after you've finished covering for other essential expenses like food, bills and rent. By sticking to this approach, individuals can potentially prioritize their financial responsibilities while also adequately allocating funds for investment.
When we prioritize being precise with our choice of language and terminologies, we'll be able to provide more effective guidance to people, both new and old and also help them more informed decisions about their financial resources. You've done well by pointing this out.