Topic: Accumulating Bitcoin or trading Bitcoin which is more wise to do. - page 2. (Read 1019 times)

But it is not necessarily so, right? A lot of so-called professional traders lose their money because, apart from unpredictable events, they can be simply wrong in their calculations. But tell me, who lost anything from accumulating Bitcoin ever? Unless you panic-sold your BTC at the lower price than you you bought it, till this day there were no losses from accumulating Bitcoin. Of course, it's just my personal opinion, but I think that accumulating Bitcoin is more wise to do than trading.


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That is a fact, most people want easy money while not doing a lot of work, this is one of the biggest reasons why so many people are getting into the cryptocurrency industry because they hear someone say that they can earn a lot of money by making some investments in cryptocurrencies and there isn't much work to do as well, but they don't know the fact that knowledge is extremely important for one to profit from this market.

Those who try to get in early, make some quick bucks, and exit, tend to lose more money in the long run because such things might work sometimes and that too on things such as meme coins where you can barely do any research but it's all dependent on your luck.

If someone wants actual and long-term profit, they need to acquire enough knowledge and then get into the market even if they are willing to buy and hold, they need to know which coins they should buy and hold.

The market does not care you are wise or stupid and it moves in a way it moves and how whales want to manipulate the market direction. They all don't care about any single investor or trader like you and me.

An experienced investor or trader will always have plan B, plan C to cut loss, exit the market, and wait for a second or third chance. There is no guarantee to gain profit in any market and you must be responsible of controlling risk and reduce loss for your capital.

Psychology has massive impacts in the market and most of market participants can not control their psychology, emotion then their actions, hence they are manipulated by whales and their set up signals.

You can not succeed and survive in any market if you have bad psychology control and don't understand about the psychology of market cycles.

Yes, before investing, beginners usually have to learn first what Bitcoin, trading, etc. are, and what types of risks are involved in them. If you already know the types of risks, then you can make your own choice, which one is more appropriate or suitable for you. If beginners are stable and confident about this one asset from their learning process, they don't have to be confused about how they obtain or accumulate their assets. The dca technique is suitable for all investors.

What qualities are needed in order to be able to function well? There is no way you can function well without having these qualities, doing research and knowing what's going on in the market are very important. choosing what you want to do. if you hold, it is also good, so the decision of what you want to do will also depend on the amount of money you have to support your investment. And that is the reason why seeking knowledge first is very important, because without understanding, the market will drown you and you will lose money and interest, and you blame bitcoin for its success.


Indeed, you are a first-timer in the business. Most people will want to just buy and hold and others like me will just want to go with trading but not everyone wants to pay the price of learning. even in trading, you can manage your risk. Having an idea of how both work is the best and the majority of people will still want to go for holding since it has less risk and less work compared to trading, where you have to read the candle movement, so that is a lot of work and that is what a lot of people are avoiding.

Because a wise person choose the option where they can guarantee profit, even it was not 100% but at least a higher percentage. Indeed, this does not involve psychology as people will choose where they can profit more and surely will choose the option that is less risky. If we are not a good trader, we are certain that we don't choose to trade, the same thing happens to investing. Especially for newbies, they should have to think about their capabilities, not just thinking about their money/capital as it never works that easily, it needs good knowledge.

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?

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

Emotion mostly changing our ways in dealing with things this is why it must not work when we are doing  for something specially from dealing with crypto because this is a place where so much risk is at stake.


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But for me it is still HOLDING that matters and yeah i this is what I am doing for how many years now.

In short, don’t just invest and hold, but know how to trade wisely as well. That would be the perfect strategies to maximize your bitcoin accumulation in the long run. However, trading is not easy most particularly for newbies in the market. That requires long term planning and preparation. That is the reason why majority settle only to buying and hodling, and just trade only when they are ready and confident enough, that’s the only way so they can limit their losses and still grow their profits in time.

I doubt what psychology has to do with, Trading or investing or relate to this topic. I greatly disagree trading to be the means how anyone should take Bitcoin for, if you're a good trader no offense you can scale up but the right approach is accumulating as much so as to have your own Bitcoin and not just trading it.

Accumulate, hold and keep investing in Bitcoin. Newbies, beginners thks safeguards you from unnecessary panics about price movement, Trading gonna fuck your ass if you are not skillful enough.

First, let me warn that we should not because of the miss of the past push ourselves into danger, it's not worth it. This is the danger in FOMO at times, so be well-advised.

Secondly, it is not appropriate to have too much belief in anything no matter how much you love that thing, or at least believe/pretend you love it, we should use our right senses to avoid later issues. By now, many people believed that Bitcoin would have hit $100,000 judging by how it performed since last year, but the reality is different today. This is why we should rather think and not be moved by our emotions. What if after your retirement you see the price of Bitcoin at $37,000 while you bought it at $65,000? Be wise!

What I know of Bitcoin is that at present, it is not fitting for what you can save your life upon, and you will be doing yourself a whole lot of favour if you diversify your portfolio even if you invest in Bitcoin as well. You might just commit about 20% of your investment to it, instead of committing everything which could affect your life later. For once let's just forget the sentiment and hype surrounding Bitcoin and let us think of the uncertainty in the future. Bitcoin still needs to pass the test of time, it is too young for now. Also, do not use past success to judge the future, those who are happy about Bitcoin now took a high risk when the price was so low, and I can say they gambled as well. The fact that their risk/gamble earned well for them is not an indication of future replication of the success, anything adverse could still happen. Needless to say, the price is too high now, and you might even experience your investment floating in the long run.

Finally, for the investment and trading, it's your choice. Invest if you are not a good trader, but trade if you are a good trader. Or do both.

Regarding proficiency, of course, each person is different and certainly, as we see, who is always a winner is one who is patient and lasts long-term. If we want to get the best price, wait until the halving is over, while all coins are discarded based on previous history and it is real, and in this condition only large coins and projects that have useful products can survive in the market, in addition to using Stop Loss or Stop Limit orders, investors or traders also prefer to hold fiat and transfer their assets before the price drops sharply.

Trading is risky but everyone can have profit or loss with some trades. Difference between an amateur and a professional trader is in long term of trading. An amateur trader who relies completely on luck factor can not get profit in the long term. The professional trader can get positive net profit in long term of trading because he is very knowledgeable, experienced and disciplined with entry and exit.

Amateur or professional trader, the vital thing to do with trading is to use Stop Loss order or Stop Limit order, to avoid terrible uncontrollable loss with market crash.

Even if someone is not an expert in technical analysis, he/she can trade and earn some money from it. By chance, I mean. So, trading should be treated as gambling in that case. So, don't put at risk a bigger amount than you can afford to lose and trade how much you want. Enjoy the process, learn something from it, but don't try to make money with it because you can end up with losing a lot because of your high stakes. Accumulating Bitcoin, on the other hand, never hurts.

A poll would have given a clear result about what people think between these two.

HODL is the best and less risky for long terms and since the time frame that you are trying to invest is 10 years which is very good period to make results in the returns by doing nothing other than simply holding your bitcoin in your own custody.

To be fair, it cannot be denied that there are also some people who are making very good profits through trading and should not completely boycott trading. But why do we choose a path full of difficulties and challenges when we can choose a much easier path? Holding onto bitcoin until it becomes profitable is not a road without bumps and challenges, but it is certainly a lot easier than trading. We should be wise and make choices that benefit ourselves instead of making ourselves more tired with trading.

That's definitely OP. Just keep it short, What we pursue from this investment is certainly not looking for losses, but how it will be worth in the future, meaning that our profits are doubled in value and it is created with effort and patience.


Yes. It fits perfectly because whatever the story is, it is an investment in the game of time, but it is most effective and short, unlike traditional assets in general. Indeed, in terms of investing in BTC, of course, there are always variations, there are those who like short-term trading with dipping sauce moves and long-term survival.

In short, the strategy depends on your skills and capability, whether you will just hold long term or venture the world of trading. Also, do take note that it is hard to hold if you have other expenses to consider. You need back-up financial resources, don't rely 100% about your bitcoin investments. As we have no idea what will gonna happen to this market in the future, you need to look out for contingencies and alternative plans.

In short, keeping bitcoin like 5-10 years will always be highly profitable, and trading at your own risk isn’t bad at all. That way, at least you have some stored bitcoin that you can benefit for a brighter future, and if you have developed skills and proven strategies that may work in trading, you can also spare some time in trading because that could also be your asset in making more money aside from hodling bitcoins alone.

It depends on your readiness in research, financial management, risk management and of course your mentality because seeing from what happened when talking about trading and investing both can still be done depending on where your interests are but in the end things like that will also be a little complicated if indeed you do not understand what to do because of the lack of knowledge you have, limited money and you do not know the risks that will be faced.

Ideally if you are a beginner then indeed investing is a fairly logical choice to make because at least although the risk is definitely there but it is not as big as when you are in trading and actually there is an important thing that must be known when talking about the choice of landlord or investor for beginners is that they must first understand what trading is and what investment is and learn more before finally deciding where you will be.