People successfully doing trading and investing their profit might not be so many, but successfully trading and Investing profit is a great move but that's not for newbies (as in trading). Because newbies usually do not have the required knowledge and might be wasting hard earned money.
The fact is that trading is never a way of making profits from Bitcoin. It is a form of gambling with Bitcoin and gambling rely only on luck, and once someone gambles with it Bitcoin, they are likely to lose it easily. So, it is not encourage to trade, whether someone is a newbie or not. Even those who always claim to be experienced traders often lose their Bitcoin from time to time. In fact, many of them are not even making money through trading, but come out on social media to lie that they are profiting from it. But it's all a lie.
[/quote]
Bitcoin is the most reliable and popular digital currency, but there is no doubt about it, so we must use this currency correctly. If we think about investing in Bitcoin, it is always a good decision for the investor, but I do not know how successful those who plan more with Bitcoin can actually be.
First, let's find out the difference between trading and investment, trading usually refers to short-term trading, that is, a trader will buy a specific coin for a specific time (in this case, the trader can buy any coin) and seeing the changes in the market, he will sell his coins for a small profit. As I said, trading may seem easy to many, but there is a difficult reality behind it. Those who trade have to observe the changes in the market well at every moment, if their attention is diverted from the monitor for some time, then they have to wait a long time again to take a trade. So it is always a difficult task, especially for small profits. On the other hand, investment is a relatively easy and effective step for investors.
For example, if an investor decides to invest in Bitcoin, that investor can purchase Bitcoin in any market situation and continue their investment over time.
So, I would advise any newbie not to ever think of trading Bitcoin. It is not a reliable way of making profits from Bitcoin, and it never will be. Trading just relies on luck and the reason I say that is because Bitcoin is unpredictable, and what traders are doing is basically guessing.
Basically, investors are generally advised to invest in Bitcoin for a long-term purpose, when investors invest in Bitcoin continuously for a long time, then at the end of a certain period of time they will have the possibility of making a good amount of profit from this investment. So overall, it goes without saying that investing in Bitcoin is easier and more effective than trading.