Topic: Accumulating Bitcoin or trading Bitcoin which is more wise to do. - page 4. (Read 1019 times)

Both.

One must write a business plan first then stick to it. Remove emotion from the equation.

Just like gambling people get wrapped up in emotions and make the exact same crappy decisions.


Just like Chris Rock says "there is no sex in the champagne room"

You are right, in this case it will really depend on a person's personality in facing risks both in investing and in trading, because both of these things of course have advantages if we can do them well, when someone chooses to invest of course they don't want to busy themselves With market conditions, all they need to do is continue to collect Bitcoin according to their ability and hold it for a long period of time to achieve their investment targets.

If someone can do these two things, of course this will be very profitable for them, because they can gain profits from the trading they do and also investments, but to trade Bitcoin we must be able to do a good analysis so that we don't regret it when we sell the Bitcoin we have.

First of all I do not think that you are sure that a lot of people's confusion on bitcoin is whether to trade it or not. There are other confusing things about bitcoins, There are many people who are confused about how to accumulate bitcoins, when to accumulate bitcoins and why to accumulates bitcoins.

 The concept of the how, when and why are still not understood, so accumulating bitcoins is still a vague exercise for them.

Reality is, both are actually future wise especially if you know what you are doing. Whether it’s bitcoin accumulation or trading, as long as you did it at the right time, it will always be highly profitable in the long run. But I must say for beginners, don’t rush into trading if you know you still lack the knowledge and understanding because that would mean more risky in your part. Do it later on when you think you’re capable enough, not just to overcome the risk, but to make a guarantee as well that you can somehow make some profits. For now, focus on accumulating first until you earned a good amount.

Hmm, good to discuss it more 😃
In my opinion, if a person understands technical Analysis from the trading point of view and has a full understanding of all these aspects, it is an essential stance for trading. So I think that there is no problem for him to trade or accumulate Bitcoin Bitcoin. Well Now from another perspective, I think that if a person is not a pro trader, then trading in altcoin will be best for him while in the Bitcoin There is only one best strategy and that is DCA, which is the best idea and act to accumulate Bitcoin compared to trading in Bitcoin if you don't have too much experience in Trading. The rest of my opinion is not final, all members should do their own research and take a decision accordingly.

DYOR!

Trading bitcoin and accumulating bitcoin is not the same thing,and they good options if you're comfortable with taking risks and either of them can fall as your preferred choice.Crypto trading and crypto hodling will never be the same,so learn the difference that exist them and operate with the guide you suits your investment plan.

If you intend to commit to both investment strategies,then its also a good choice.Trading bitcoin is no child's play,using bitcoin in particular is also not for the weak and unintelligent beings.So long as you have knowledge towards your investment goal and you're taking the appropriate steps,precautions,implementing the required ideas over your decisions,you'll mostly not go contrary to your plans.Either ways,choose wisely!

Guys, almost nobody is a "professional trader", there is a reason if 90% of the people doing trading loses money. Let's just take a look at the big hedge funds, they're supposed to have the best traders, the best tools, the best info, and yet normally a passive strategy obtains better results. Making money or living off trading is something that almost nobody can do. I prefer to keep things simple, DCA is the safest way if you're in for the long run.

Let me make it very clear for you mate. If you gave enough time and can commit to give it to market, then trading is appropriate for this. On the other hand, if you don’t have some time, then it’s better to accumulate the Bitcoins rather than trading. Now you need to understand that trading requires some time given to the market in order to make the profit. Hence if no time, then accumulation is the best option.

Well, I see money is a reasonable reason to become successful in investing as it indeed needs money, and having a huge amount is somewhat advantageous compared to small capital. But this is not the main reason, it is also our knowledge acquired and investment strategies.

Where both trading and investing need money, it is very important to feel which one we are at best and we are certain that we can do it well. Many people try trading and still fail, it is the same as investing. That is why knowing our interests is important in order to decide what option we take first.

Whether you want to accumulate Bitcoin or trade Bitcoin, both are equally good, because it depends on the individual, they can choose which one is most appropriate for them. If they prefer to play it safe on Bitcoin investments, then they can accumulate Bitcoins until their goal is achieved, but that will usually depend on how much money they allocate. However, if they want to earn more, then they can choose to trade Bitcoin, but it will come with risks and one needs to understand technical or fundamental analysis. Or one can choose both - they accumulate Bitcoins and trade some of them.

You're right.
The unpredictability of the Bitcoin market is what makes it quite interesting, and everyday people are developing new techniques to enable investors navigate around the market while minimizing the risk of losses and maximizing the potential for profitability.
It's not really easy doing this because the market is very volatile and trends can change at any time, you can be studying and monitoring a particular trend for a long time only for it to change almost immediately rendering your research currently invalid, until the market decides to take the same trend again.

Trading is not a kids' game. Well, it could be if your trading volume was below $5 per day, but that's rarely the case. So, it's a risky business and extremely complicated one. Those who think it's easy they just lose their money fast. If you are not a professional trader, you shouldn't even ask yourself that question. Accumulate and hold is your best option. Besides, look at the past 12 years and answer the question, who have done better, those who've been trading or those who've been holding all this time?

lol no one can rpedict the market completely that is why we are calling that prediction and
also speculation because we are just estimating what will come and what will be the price of each
coins we tend to invest.


bitcoin is a slow moving product and we cannot expect an speed of a light increase like
what shitcoin do sometimes so better know where and what you are investing.

Though you are right about the success and failure rate, I believe anyone can learn to trade as long as they have an interest in trading because it isn't rocket science, and if a person is literate and generally understands things that are used in trading such as charts, candlesticks, prices, etc., they can learn to trade. All it needs from them is dedication and determination to learn and they can make it for sure, for some, it might take more time and for others, it will take less.

Some people think that those who make investments don't need any knowledge about the market but that isn't true. Even if you are making investment and willing to buy and hold, you still need to understand the market and know the movements of the coin you are investing your money in.

Lets make it simple, trading is not for everyone and for someone who cant utilize trading or maximize the earning for trading then its better to focus on holding bitcoin and yes it can be done using the method of DCA which is even the price of bitcoin right now is so high you can still own a fraction of it and earn by holding it either long or short term but its more practical to hold it for long term so that you could maximize the potential profit, because its more less risky of losing money in holding than trading because it will require a lot of patience, knowledge and of course experience so if you want to truly earn with ease in bitcoin then its better to consider doing DCA, even now I still do DCA but sometimes does trading but day trade only, because I experience doing scalping and its a hassle trully.

Not everyone has the ability to invest huge funds into crypto but this does not mean that they should end their journey here. I think one of the most important skills in life is being able to make the most out of nothing. Making more money when you started with not much is something impressive and I believe a characteristic a lot of us investors has to have.

When you have this characteristic, I believe that you can learn trading swiftly as possible.

Have you tried to know their real intention toward this space?
many with different view on how they sees bitcoin while there are people who came here to source for all necessary information on how to succeed for long run while holding bitcoin. There are people who had this mind of buying and selling bitcoin just for profit maximization and utilization because holding could seems a waste of time for them since they can't hodl for long period of time rather they could decides to sell and buy with this that can keep their profits running at all time. While there are people who thought that trading bitcoin is waste of resources rather they would choose to hold for long time not just that but for decades because they knows the benefits they could derived after holding for that long than just keep selling and selling and buying and selling.

You are absolutely correct my mate
Just imagine someone starting a trading with $10k and someone also starting investment with same $10k what would be their results if it happens that trading is not a professional for that case? This shows that the investor won't lose any money except something very unusual happens to bitcoin which could like caused the price of bitcoin to dropped above what they invested, and for the trading he already at lost because they had already traded with some percentage probably losing about 2k from the trading while the holder just have his complete digits in bitcoin, whenever the prices bounces back he gets back his money and also makes more profits for holdings.

I think he is speaking based on his personal view and experience so far, there most be a data for him to prove is right or correct. You know most people especially new trader always think trading is that easy and lot of them has been failing in trading if they don't apply the right strategies to succeed in trading. Initially i was also putting interest in trading but when i looked at the stress and time consuming it's i decided to overlook that way and focused on holding because is more stressful some times you could lose very hard although was combining with shitcoin when list on some exchange and I have leant my lesson never to focused much on altcoin trading since its very much volatile.

At first they need to know what they are doing because most people are so confused of their lives because whenever they hears someone talking about trading they feels is so common to handle without knowing it requires more technicalities to succeed in trading for long run. So the best option is to hold for long term, although they can trade if they think profiting is very much easy while they keep trading but could be bad to fool oneself after knowing that they aren't succeeding as they trade.
 

It is not easy for someone to trade bitcoin, You have big balls to do this. I know your loss of assets is huge for this.Let me ask you a little, why don't you keep bitcoins in the long term? And why wouldn't you trade another coin that has strong fundamentals, for a percentage gain that both have a 50-50 chance of? Of course, people's decisions vary when it comes to accumulating their bitcoin assets. Personally, I definitely wouldn't do it like you do, I'd rather collect it. It's not that I don't like trading, I appreciate the money I've earned over the years.

There is nothing to be confused about, if you want to trade and have the skills then doing so can be an advantage for you, but if you do not master it then do not trade then it will make you lose.

Accumulation continues to hold it then that's the best and simple way even ordinary people can do it like myself where I continue to accumulate rather than trading because I don't have better skills especially in futures trading.

So my advice is; continue to accumulate you will never lose if you don't sell halfway down the price, you have to hold HODL until the target price is reached.

Use pareto principle, it means there are 20% who success while the 80% are mediocre or not success.

Some people becomes successful investors and some people becomes successful traders, but not everyone can be successful on the same thing. To become successful investors you need to have huge funds and able to hold Bitcoin for long term, while trading need to have a good skill about it, not everyone can mastering trading.