Accumulating Bitcoin or trading Bitcoin which is more wise to do. - page 5.

kro55

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Quote from: hd49728 on May 07, 2024, 06:43:17 AM

Quote from: electronicash on May 06, 2024, 11:25:14 PM

traders are trading BTC/USDT to accumulate BTC. the stablecoin is what it's used for, traders sell the BTC for a higher price in exchange for USDT and then wait til the price drops which they accumulate satoshis. it could be easy to look at it this way and one could think you get to be rich when you master doing this. i do believe so but what you need is also time and patience which not everyone has.

I agree with you that they tend to do this, trading to increase their portfolio value, to increase their bitcoins but the reality is opposite.

They trade too often and even when Bitcoin volatility is not high and they get familiar with low volatility as their normal standard. With this feeling, when Bitcoin suddenly to rise sharply, they will sell low and buy high. This trading style will cause them loss of their bitcoin and it's not what they intend to do initially.

I would like to say, they should trade less, hold longer.

I think maybe many of us have thought about this and even tried it, and I am one of them. But to be honest, it was not as easy as we thought, and as a result our bitcoins decreased instead of increasing as expected. So I think holding and trying to find income from work sources, and then applying the DCA strategy is the best way to increase the number of bitcoins. Trading is never as easy as we think, if it really was that easy it wouldn't be our turn to do it.

hd49728

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Quote from: electronicash on May 06, 2024, 11:25:14 PM

traders are trading BTC/USDT to accumulate BTC. the stablecoin is what it's used for, traders sell the BTC for a higher price in exchange for USDT and then wait til the price drops which they accumulate satoshis. it could be easy to look at it this way and one could think you get to be rich when you master doing this. i do believe so but what you need is also time and patience which not everyone has.

I agree with you that they tend to do this, trading to increase their portfolio value, to increase their bitcoins but the reality is opposite.

They trade too often and even when Bitcoin volatility is not high and they get familiar with low volatility as their normal standard. With this feeling, when Bitcoin suddenly to rise sharply, they will sell low and buy high. This trading style will cause them loss of their bitcoin and it's not what they intend to do initially.

I would like to say, they should trade less, hold longer.

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Quote from: CryptoBuds on May 07, 2024, 05:43:45 AM

Quote from: khalidkhan82118 on May 07, 2024, 04:41:04 AM

Quote from: Hypnosis00 on May 03, 2024, 04:50:29 PM

Trading is profitable during bull season and there is no harm in trying as we can't tell ourselves if we are good at this if we never do it.
of course, holding is less risky and also profitable but if you don't have patience, this will never work.

Generally, we can just tell which one suits us after having a try on both of them. For me, I would say trading is a good choice during this time but after this bull season, I will become a holder again. We choose the option where we think we can do well, not because we see people doing this. That is why we should try and let us see the result before deciding as this also depends on our behavior, knowledge, skills, and interest.

Interesting perspective! I'm curious, what factors do you consider when deciding between trading and holding? And how do you determine if you're suited for one over the other?

That will depend on you and only you know your own strengths and weaknesses, no one can help you choose a method because no one is in your situation and position. If you have the ability to trade and are confident that you will make a profit from it, why would you ignore it? But if you do not have the knowledge and feel that trading is too difficult for you, you should choose the accumulation and holding method. If you don't know which method is right for you, you should try both in turn and choose which method suits you best.

I doubt trying them both. Accumulation and holding is the best method to be applied in anyone Bitcoin journey. Bitcoin is a valuable asset not just a tradable coin to make profit off. Trading Bitcoin isn't easy as said, it a very volatile market with huge spread, trading such market involves a very tactic knowledge. I guess the later doesn't have any idea about trading by saying trading is only favourable during bull season which is wrong, as a trader you are present to make profit wether in bear or bull by simply buying and selling at intervals.

Accumulating and Holding,applying DCA is good as one won't bother about price movement or become tensed, happy or moody as in the case of trading. I advise we invest and not trade. It left for you to decide, but choose wisely.

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Quote from: khalidkhan82118 on May 07, 2024, 04:41:04 AM

Quote from: Hypnosis00 on May 03, 2024, 04:50:29 PM

Trading is profitable during bull season and there is no harm in trying as we can't tell ourselves if we are good at this if we never do it.
of course, holding is less risky and also profitable but if you don't have patience, this will never work.

Generally, we can just tell which one suits us after having a try on both of them. For me, I would say trading is a good choice during this time but after this bull season, I will become a holder again. We choose the option where we think we can do well, not because we see people doing this. That is why we should try and let us see the result before deciding as this also depends on our behavior, knowledge, skills, and interest.

Interesting perspective! I'm curious, what factors do you consider when deciding between trading and holding? And how do you determine if you're suited for one over the other?

That will depend on you and only you know your own strengths and weaknesses, no one can help you choose a method because no one is in your situation and position. If you have the ability to trade and are confident that you will make a profit from it, why would you ignore it? But if you do not have the knowledge and feel that trading is too difficult for you, you should choose the accumulation and holding method. If you don't know which method is right for you, you should try both in turn and choose which method suits you best.

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Quote from: Frankolala on May 03, 2024, 01:36:18 PM

Only 10% of traders make profit from trading, the rest always run at loss in the market. This is because trading is so complex and plays with our emotions. To be a professional trader is not easy but to be a long term hodler is easy as long as you don't over invest in bitcoin but use only your discretionary income to invest in bitcoin.

Hodlers are making profits with ease because their bitcoin portfolio generates profits for them overtime. Unlike traders that will pass through stress and emotions and might still run at loss. Trading is risky and can lead to great loss, but hodli is easy and limits losses, since the price of bitcoin increases overtime.

Yeah same as majority of Bitcoin investors are hodlers not traders correct me if I'm wrong. I think there is only small percentage of profitable, skilled and professional traders compared to those who just accumulate and and wait for the bull run to come. I can even see professional traders make a devastating loss from a trade so yeah if you wanted a stress free investment then just do DCA or become a hodler as it makes sense to me.

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Quote from: Hypnosis00 on May 03, 2024, 04:50:29 PM

Trading is profitable during bull season and there is no harm in trying as we can't tell ourselves if we are good at this if we never do it.
of course, holding is less risky and also profitable but if you don't have patience, this will never work.

Generally, we can just tell which one suits us after having a try on both of them. For me, I would say trading is a good choice during this time but after this bull season, I will become a holder again. We choose the option where we think we can do well, not because we see people doing this. That is why we should try and let us see the result before deciding as this also depends on our behavior, knowledge, skills, and interest.

Interesting perspective! I'm curious, what factors do you consider when deciding between trading and holding? And how do you determine if you're suited for one over the other?

joeperry

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I would consider both as it is my current goal which trading Bitcoin to accumulate more Bitcoin. I actually do just hold Bitcoin but it hits me that what if I start accumulating Bitcoin as the supply is limited and instead of holding my coin without doing nothing, I'll start trading it with the goal of having more Bitcoin. I don't actually care about the prices anymore as I've get used to it a few years back and I'm into long term holding. Though it's not that easy to do it, it helps me increasing my knowledge and experience in trading.

pinggoki

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When you accumulate, you only profit bitcoin but when you trade bitcoin, you risk losing your investment because you've got a gut feel that it's the right thing to do and then you're wrong which leads to you losing your money, that's how it's going to be when it comes to trading. Sure there are the chance that you can make your trading profitable but why risk going there if you know it will take you a long time to get there when you can just accumulate and keep a steady and stressless life. It's up to you at the end of the day but choose the hardships that you want to face in your life.

electronicash

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traders are trading BTC/USDT to accumulate BTC. the stablecoin is what it's used for, traders sell the BTC for a higher price in exchange for USDT and then wait til the price drops which they accumulate satoshis. it could be easy to look at it this way and one could think you get to be rich when you master doing this. i do believe so but what you need is also time and patience which not everyone has.

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A valuable currency like bitcoin I will never waste trading bitcoin is the best for investment. I don't think it's wise to trade in bitcoin as it requires a lot of knowledge in trading and learning a lot about the market. If someone jumps without learning there will be a high risk of losing, which cannot be easily compensated even if you want to. All will be lost if the market moves and faces a loss. But bitcoin long term investment will give good profit.

Luzin

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First, I know bitcoin trading has the aim of multiplying bitcoins. I try not to sell when I don't because I have a very important need and I don't have cash. For this reason I did set aside some money to buy bitcoin. That I did in 2015. After that I kept trying to accumulate my bitcoin amount by trading. It's a bit risky, but I keep learning how to trade because basically the technique is the same only the market is changing. We just need to learn continuously. So I will choose to multiply bitcoin by trading instead of investing bitcoin by buying it with fiat.

Essential10

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No one can master trading easily, it requires a lot of hard work, patience and very few people succeed in trading. Since Bitcoin is very valuable, if you choose to trade with Bitcoin without understanding it, you can face a lot of losses. If you invest money in Bitcoin you will have to wait a long time to get profit. Meanwhile, you can get big success very quickly by trading Bitcoin, but try to make your money profit from long-term investment or trade where you feel comfortable.

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Quote from: kentrolla on May 04, 2024, 02:36:19 PM

I have tried both and accumulating proved to be better hence I am doing it through DCA but this doesn't rule out tr fact that even traders earn good amount of money it's just that everyone can't become a trader and if a person has good trading skill and can allocate more time then trading would be a better option but as mentioned knowledge and skills are really important else people will end up losing.

It is true that if we can combine these two things, of course this will be very profitable for us and we also have to look at the potential we have and don't let it happen that when we carry out these two things, this will make us unable to make a profit, instead we will incur losses. I agree with you, using the DCA method as you mentioned will certainly be better and we must be able to do it consistently in order to achieve the profit target we want and to trade I have never tried it myself because it is very risky for me who has never tried it. I have capital that I can use in trading and this is very risky as you said without trading skills it will certainly make us lose in the trades we make.

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Quote from: Kristiyana on May 04, 2024, 06:55:36 PM

Trading is very difficult to understand, considering the risk that is involve in trading, as a beginner I think is advisable to go into accumulating bitcoin, reason is because if you start with trading you're going to experience a lot of loses. as a new Investor that I'm I don't look at trading aspect because I don't have much knowledge about trading, that is why I prefer accumulating bitcoin than trading, I think is more safer though there is always a risk both in accumulating of bitcoin but not to be compared with trading itself.

I agree that trading is a lot more advanced than just holding bitcoin so if you are a beginner, you probably should start with just accumulating bitcoin to hold. There are too many complexities to soothe out when you decide to start trading like exchange to use, market analysis and a lot more that could make a beginner's head explode.

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Trading is very difficult to understand, considering the risk that is involve in trading, as a beginner I think is advisable to go into accumulating bitcoin, reason is because if you start with trading you're going to experience a lot of loses. as a new Investor that I'm I don't look at trading aspect because I don't have much knowledge about trading, that is why I prefer accumulating bitcoin than trading, I think is more safer though there is always a risk both in accumulating of bitcoin but not to be compared with trading itself.

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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.

I really don't understand how this could be something confusing: if you know how to trade, then trade; if you don't know what you're doing, then just accumulate. As simple as that. Usually for many people holding is the easiest way to go, there are no risks but you need to be extremely patient. Some people are not patient and they rush into trading, usually losing everything.

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Quote from: Upgrade00 on May 03, 2024, 01:41:12 PM

If a person does not have an idea about trading they should not attempt it at all.

Right, if somebody doesn't have any ideas/experience about trading that how it works, or how to analyze the market dynamics, So definitely, it could be hard to get the chance to make some profit. Because trading is a field where you don't have much more skill or experience so your profit or loss possibilities are 50/50.

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Hodling does not require any skills and you're taking on little risk if you're not buying with borrowed funds.

Exactly, that's an investment that needs no much more skill or experience. Besides that, it doesn't need a lot of effort. Only you just need to develop a develop a DCA strategy through which you will be accumulating bitcoin. I chose DCA because in my opinion, DCA is the only strategy that reduces your loss risk. It reduces volitality. This reduces the risk of losing your investment. So I think for investment you have to do just DCA. While trading, you have to monitor everything carefully. In which you will have to learn TA, FA, as well as market sentiment and many other skills while still giving you 50/50 loss/profit. So now it is up to us to decide which one is better.

kentrolla

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I have tried both and accumulating proved to be better hence I am doing it through DCA but this doesn't rule out tr fact that even traders earn good amount of money it's just that everyone can't become a trader and if a person has good trading skill and can allocate more time then trading would be a better option but as mentioned knowledge and skills are really important else people will end up losing.

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Trading requires huge amount of attention, so if you know to yourself that you don't have enough knowledge of price action and different chart patterns, then accumulation or just holding Bitcoin would be a better option. Trading is not something you would fully learn within a year, at least for majority of people. It is indeed more profitable with just accumulating Bitcoin but will also involve bigger loss due to high volatility in the market. With swing or spot trades, you could maximize the profit from every price direction of it but you'd be more stressed following the trend unlike with long term holding wherein it is your discipline and consistency are the only things where you would struggle. Either would be fine as long as you know what would best work for you.

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Quote from: Gaza13 on May 04, 2024, 01:03:06 PM

Quote from: bettercrypto on May 04, 2024, 12:45:25 AM

I guess I'm in trading bitcoin because you can get a profit every day, and then the profit is available and we can use it in the crypto investment or compounding. also in bitcoin.

But of course we can only do this if there is deep knowledge of trading, because without that knowledge, we cannot do it for sure in the end.

Even though you have knowledge in trading, I don't think it guarantees you can make a profit there. Sometimes even expert traders can still lose. You shouldn't think too much about profits alone in trading, but you need to know that the risks involved are very large. No one can predict prices accurately, it is better for us to just keep collecting and collecting, the risk of loss does not have a big impact on the assets we own, we only experience price fluctuations in the market compared to when we trade.

Solid point with we have not guaranteed about profit during trading because things can take change any time even experts can also face loses due to fluctuations so for me better idea is accumulating instead of going for the trading which is never been ideal thing for few peoples specially those are having no big savings they need to stay with their savings on accumulating which give them good reward at the end.
Here we have no big risk of lose because saving usually pays good profit even there is no matter you are doing this all for the long run or short case accumulating always good for everyone.

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