Accumulating Bitcoin or trading Bitcoin which is more wise to do.

uswa56

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Quote from: bettercrypto on June 12, 2024, 09:47:50 AM

It can be done at the same time, actually, because I'm doing it at the same time. Even with other cryptos, I also do it, just that the majority is in crypto, just a little bit in Bitcoin. I can only see more ROI from my capital in crypto or altcoins as long as it is at the top, and I am sure I can give a good profit.

I can't actually separate those two, because that's really the best way: long-term holdings and day trading, so that somehow we have a profit from time to time to also be able to dca the coins that we also want to accumulate.

These two things can indeed be done simultaneously if we have the skills to do so, as you do in trading a number of other cryptocurrencies to make a profit, but we must really understand well the assets we are trading and don't just throw them away. funds on types of altcoins that have no potential will be able to gain profits.

If you can't separate these two things, it would be better for you to start focusing on one side first so you don't make mistakes that could cause you to lose the investment or trade you make. I think long-term ownership will make it easier for us to make a profit compared to doing Daily trading requires us to always focus on analyzing the market to be able to make a profit on the trades we make.

radjie

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Quote from: Smilevictorobinna on May 03, 2024, 01:29:24 PM

Bitcoin is the best cryptocurrency in the world right now and a lot of people has developed interest in it.

A lot of people are also confused on whether to accumulate and hold as many as possible or to start trading it.
Bitcoin will grow more bigger and stronger as the day goes by, people who had opportunity to invest in it 10 years ago and never did are regretting it till date, accumulating as many Bitcoin as possible will be the must wise thing someone will do than trading it.

Am not saying those that trade Bitcoin are not making it big but accumulating Bitcoin is a lifetime investment and it will be more profitable.
So don't be confused anymore accurate as many Bitcoin as possible and hold on to it.

There will be satisfactory results if we continue to invest in crypto, one of which is Bitcoin. Bitcoin is very suitable as a long-term investment, it cannot be denied that its value has continued to increase from its initial launch until now. Even though some people prefer to trade Bitcoin for short periods of time, investing in Bitcoin can minimize the risks, and can even provide high returns if they are able to hold it for a long period of time.

bettercrypto

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Quote from: Magic-Money on June 11, 2024, 12:51:58 AM

The first time I know about Bitcoin and what motivates me more is the number of total supply of Bitcoin no additional creation, which was 21,000,000. And Bitcoin is burning down on daily basis in respect of lost wallet device and personal death without living the private key open for relatives to have access to it or next of kin. So, I prefer buying Bitcoin little by little than to trade, trading has a very high risk involved, while holding only need to be patient.

It can be done at the same time, actually, because I'm doing it at the same time. Even with other cryptos, I also do it, just that the majority is in crypto, just a little bit in Bitcoin. I can only see more ROI from my capital in crypto or altcoins as long as it is at the top, and I am sure I can give a good profit.

I can't actually separate those two, because that's really the best way: long-term holdings and day trading, so that somehow we have a profit from time to time to also be able to dca the coins that we also want to accumulate.

Baki202

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Quote from: AicecreaME on June 11, 2024, 01:11:48 AM

For me it's both, but of course you have to do your own research first before diving in cryptocurrency world.

Accumulating Bitcoin also requires knowledge, you have to buy when it dumps to a certain point so you can have a discount rather than randomly buying. Accumulating is similar in trading Bitcoin, in spot, not in futures, because you have to DCA (dollar cost average) when you are buying. In spot trading, it's less risk because there's no liquidation unlike in futures. All you have to do is to buy low and sell high to make profits.

Both are profitable, but they also carry danger, therefore the choice must be taken after conducting independent study. It will also be aided by hearing feedback from all parties. People always want to avoid the stress of having to do study before making a decision, but without research, it would be very difficult to enjoy bitcoin investing.Both are profitable, but they also carry danger, therefore the choice must be taken after conducting independent study. It will also be aided by hearing feedback from all parties. People always want to avoid the stress of having to do study before making a decision, yet without research, it is very impossible to enjoy investing.

Building up is much simpler, particularly if you want to hang onto it. It's only for you to add to the ones you already have; you need to have a thorough understanding of market analysis if you want to dive deeper into trading. Additionally, if it's accumulating, you may always purchase it at a discount. In addition, spot is less hazardous than futures, and even with futures, you can always adjust your take-profit, stop-loss, and other settings to lower risk.

Barikui1

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Quote from: Smilevictorobinna on May 03, 2024, 01:29:24 PM

Bitcoin is the best cryptocurrency in the world right now and a lot of people has developed interest in it.

A lot of people are also confused on whether to accumulate and hold as many as possible or to start trading it.
Bitcoin will grow more bigger and stronger as the day goes by, people who had opportunity to invest in it 10 years ago and never did are regretting it till date, accumulating as many Bitcoin as possible will be the must wise thing someone will do than trading it.

Am not saying those that trade Bitcoin are not making it big but accumulating Bitcoin is a lifetime investment and it will be more profitable.
So don't be confused anymore accurate as many Bitcoin as possible and hold on to it.

Hey bro, why are you asking a question you already knows the answer? You know how trading might be, and it's definitely a no go area especially for a newbie, so why are you asking which one is more wiser to do? when you knows that it's more easier to be a holder than being a trader, because even a newbie investors can hold effectively, as long as he or her has a source of income and an emergency funds which will definitely keeps him or her going in funding his or her daily lives.

But as for trading, in as much as it looks really enticing base on the profit you stand a chance of making daily, you might lose a very huge amount of money in a very short period of time, that's why it's very much advisable for only veterans, because for a newbie to get involved in trading without having the required technical knowledge on how to navigate his or her way successfully in the market, it's definitely going to end in regret, so holding is way more easier than trading, but if you are actually good in trading, you might think otherwise, because it's really feels good to be a profitable trader.

AicecreaME

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For me it's both, but of course you have to do your own research first before diving in cryptocurrency world.

Accumulating Bitcoin also requires knowledge, you have to buy when it dumps to a certain point so you can have a discount rather than randomly buying. Accumulating is similar in trading Bitcoin, in spot, not in futures, because you have to DCA (dollar cost average) when you are buying. In spot trading, it's less risk because there's no liquidation unlike in futures. All you have to do is to buy low and sell high to make profits.

Magic-Money

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The first time I know about Bitcoin and what motivates me more is the number of total supply of Bitcoin no additional creation, which was 21,000,000. And Bitcoin is burning down on daily basis in respect of lost wallet device and personal death without living the private key open for relatives to have access to it or next of kin. So, I prefer buying Bitcoin little by little than to trade, trading has a very high risk involved, while holding only need to be patient.

Gladitorcomeback

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Quote from: SickDayIn on June 10, 2024, 08:37:25 AM

People that are asking this question, are not confused, just lost.

If you trade Bitcoin, you are risking of losing your underlying Bitcoin in a bad trade. A lot of average day people do not have the right temperament to be professional traders. An online ebook course is not going to be enough for them to outsmart the trading bots, and the professional crypto analysts.

The smartest thing they can do is buy what they can afford, and hold it.

You are right about most people not having the temperament and enough patience to be able to become traders in a market that is extremely unpredictable because along with vast knowledge, you need a lot of patience to be able to make successful trades in this market, and if someone thinks they lack any of these qualities, trading is not for them and if they still go ahead just for the experience, they will only make themselves lose money and nothing else.

Every person understands what kind of a nature they have and what qualities they posses, so it's not a question of not realizing it beforehand but it is a matter of ego, I believe, because when you know you aren't able to do something, you shouldn't do it in the first place instead of experimenting and losing money without any gains.

mirakal

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Both are actually profitable wise. However, if you are still not inclined into trading and is still not confident yet to make bitcoin trading successful and profitable, then I suggest stick to bitcoin accumulation instead. Beginners are free to buy and hold bitcoin, providing the fact that they are aware of its risks, and they only invest on the amount they can afford to lose. Otherwise, jumping into trading bitcoin with no concrete knowledge and skills, and with no established strategies to beat the market’s volatility, you will end up trading like gambling. You risk your funds and yet in the end, you still lose them all.

Lantind

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Quote from: SickDayIn on June 10, 2024, 08:37:25 AM

People that are asking this question, are not confused, just lost.

If you trade Bitcoin, you are risking of losing your underlying Bitcoin in a bad trade. A lot of average day people do not have the right temperament to be professional traders. An online ebook course is not going to be enough for them to outsmart the trading bots, and the professional crypto analysts.

The smartest thing they can do is buy what they can afford, and hold it.

I think each person has the right to determine what they should do with the Bitcoin they have, whether for investing or trading, but there are some people who can actually benefit from trading and this is not a problem for them because they understand well how it works. Bitcoin and for those who don't like the challenges of trading, of course they can choose to invest and this is very easy for anyone to do and they must be able to hold it for a long period of time to be able to make a profit.

SickDayIn

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People that are asking this question, are not confused, just lost.

If you trade Bitcoin, you are risking of losing your underlying Bitcoin in a bad trade. A lot of average day people do not have the right temperament to be professional traders. An online ebook course is not going to be enough for them to outsmart the trading bots, and the professional crypto analysts.

The smartest thing they can do is buy what they can afford, and hold it.

knowngunman

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Quote from: Bitco55 on May 15, 2024, 12:55:24 PM

I read somewhere on the forum today, " Wealth isn't money, it is value". Now, the thing is trading is making money, while holding or accumulating Bitcoin is making wealth. Trading gives you momentary funds, and hodling saves your future. You know what's funny, at the end of the day we all trade Bitcoin, cause after holding for so long, you can't get your value, and your wealth without trading or selling it off to someone. But that's not the point. The point is, if you want more you should accumulate. It's not that difficult, it's just like saving for the future in the bank, yeah?

Yeah, we all trade bitcoin in one form or another but not in the context the Op is talking from which I believe you also know but you are probably being sarcastic, lol Grin

Op is referring to those potential traders who risk their coins and eventually lose some all in the name of trying to make some profit. A very insignificant profits with the possibility of losing your total assets. The comparison is not worthy of debate because it's obvious that accumulating bitcoin is the wise thing to do if you still want to be addressed as a holder. However, trading bitcoin can be profitable for people that know how to trade (very few set of people) but it's something one need not to think of unless you are ready to answer the name 'former bitcoin owner'.

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Quote from: Mrbluntzy on June 09, 2024, 03:02:22 AM

From the discussions I have read on this forum, they all suggested that trading is very difficult compare to holding. I also agree with people that have always said that trading is very risky and the higher the risk the higher the profit. If you know how to trade and it is so profitable for you, then do it but if you can't trade, better to only accumulate and hold.

Same! I'd also agree that trading is much risky than accumulating or holding bitcoin because when it comes to trading, even how good you are, you will still experiencing failures and losses. Trading is not that easy to learn, it's a long process of learning and even I is having a hard time to learn how trading works that's why I prefer holding my coins rather than doing trading because I believe that one wrong move from doing trading, your holding will lose.

Pmalek

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Quote from: Smilevictorobinna on May 03, 2024, 01:29:24 PM

A lot of people are also confused on whether to accumulate and hold as many as possible or to start trading it.

This isn't a question you can answer with A or B. Each person should have a goal and reason why they are either accumulating or trading bitcoin. If it is to ultimately have more fiat, you can achieve both with buying & holding and trading. Get some bitcoin at a dip and sell it when you are happy with the profits.

But if you use bitcoin as a store of wealth without having a price in mind at which you will sell, then it makes more sense to accumulate as much as possible and pay with bitcoin whenever you can. Work for it and earn it as a side hustle. That way you won't have to worry about the price you got it for. You only invested your time, not your money. Sure, the value could diminish either way, but volatility is already a feature you have to account for.

Mrbluntzy

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From the discussions I have read on this forum, they all suggested that trading is very difficult compare to holding. I also agree with people that have always said that trading is very risky and the higher the risk the higher the profit. If you know how to trade and it is so profitable for you, then do it but if you can't trade, better to only accumulate and hold.

Luzin

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Quote from: OgNasty on June 09, 2024, 02:43:16 AM

If you accumulate you won’t need to trade. If you trade you won’t accumulate.

Maybe he doesn't trade. Maybe he is mining or there is another way. Because the accumulation of bitcoins can be done in several ways, even deceiving scammers. In fact, I did accumulate Bitcoin by continuing to trade using altcoin pairs. They do it a lot of ways and I think there's a move they like the most.

OgNasty

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If you accumulate you won’t need to trade. If you trade you won’t accumulate.

bettercrypto

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Quote from: Smilevictorobinna on May 03, 2024, 01:29:24 PM

Bitcoin is the best cryptocurrency in the world right now and a lot of people has developed interest in it.

A lot of people are also confused on whether to accumulate and hold as many as possible or to start trading it.
Bitcoin will grow more bigger and stronger as the day goes by, people who had opportunity to invest in it 10 years ago and never did are regretting it till date, accumulating as many Bitcoin as possible will be the must wise thing someone will do than trading it.

Am not saying those that trade Bitcoin are not making it big but accumulating Bitcoin is a lifetime investment and it will be more profitable.
So don't be confused anymore accurate as many Bitcoin as possible and hold on to it.

We know ourselves if our knowledge of trading is extensive, so we also know what we should do, especially in times like these when we are in the bull season right now. So it's better to do DCA implementation instead of insisting on making money through day trading when we don't even have enough knowledge of trading, right?

This is also the best way for us to get a good profit in the future, and there are many communities doing this in the bitcoin or crypto industry at this point in time, honestly speaking.

Bryan jessy

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It will be better to accumulate as much Bitcoin as one can, to I do not think of trading it is a good idea. But if the person has really good skills and knows more about trading of Bitcoin than he could. Because at the cause of trading one might run at lose if the price decrease, saving it remains the best so you can always have something working for you rather than going penniless or trading it to wrong source and later regret your actions.

tbct_mt2

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Quote from: Bitco55 on May 15, 2024, 12:55:24 PM

So, any day, anytime, I would pick accumulating Bitcoin. Trading doesn't hold much significance, unless when I buy more to accumulate more.. lol Cheesy

Accumulation bitcoins gradually with time is a good investment strategy as it will help you to gain many things simultaneously.

Increase your total capital spent in bitcoins as your investment.
Reduce impacts from price volatility.
Increase your portfolio ROI in a bull run because Bitcoin stays around bottom range with a longer time than how it stays in peak range in a bull run.

You will have more time to accumulate bitcoin than time to take profit in bullish months within a single cycle.

Your accumulation is only healthy and sustainable if you don't use all money you have at any specific time to invest in bitcoin. Because you always need to have money in either cash or stable coin to use for many necessary and vital things in your life.

DCA $50 weekly, in last four years, I invested $7,850 totally and now my portfolio value becomes $16,643.
https://dcabtc.com?sd=2021-05-21&sda=3_years&f=weekly&d=4_years&ac=5000&c=false

Topic: Accumulating Bitcoin or trading Bitcoin which is more wise to do. (Read 1019 times)