Topic: Accumulating Bitcoin or trading Bitcoin which is more wise to do. - page 6. (Read 1019 times)

Among crypto coins Bitcoin is the most known and most acceptable coin but people show interest when it is very high and investment at higher worth is not worthy. There will also be a large number of people who show such a greater interest that they immediately buy Bitcoin at the price above 65k$ and now they are waiting for the market to be good again.

If someone is new here then they should not invest at such a high worth because it becomes risky due to which newbies do not show any patience and the market drops their money.

Accumulating Bitcoin is good but trading is risky and only experts can benefit from trading but for newbies and experts both can accumulate Bitcoin at an affordable price.

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.

In theory it is always easier to hold than to trade but in practice and in my opinion. Both methods have their pros and cons, and making money from bitcoin has never been easy. It sounds very easy, but being able to hold bitcoin until it becomes profitable takes several years or more, and as far as I can see, not too many people can do it. I don't find it as simple as you say.

In short, depending on each person's interests and abilities, choose the most suitable method of making money. Holding or trading, both are ways of making profits in the market and there are no bad methods only poor player skills.

Depending on your tolerance to risk, if you're the kind of person that easily panics, you're probably better off just accumulating and hodling that bitcoin for a guaranteed profit for the long-term, if you're not the kind of person that doesn't easily panic then you're probably going to need to check out trading because it seems to be a really good thing for you to do, just learn that you only should invest or trade what you can afford to lose, don't make the beginner mistake of having to get emotional when losses or wins come your way, probably for the best that you do some research if you really want to trade, learn the ways and the different types of analysis of the different market movements.

You only get confused if you have knowledge of trading but if you have no knowledge of trading, there is no way for you to get confused between the two options of either just accumulating bitcoins or trading bitcoins when the one you can only actually do is to accumulate bitcoins. The confusion will arise when an individual both has knowledge investing and also knows how to trade. Even as a trader it will be wiser for you to just be accumulating bitcoin if you notice that your success rate in trading is not so much and that is you are losing more than you are profiting from trading. Instead of continuing to reduce and loose money to the market, it is better you pause trading and try accumulating bitcoins while you make attempts to improve the knowledge you have on trading with the plans to improve your profit by reducing losses when you start trading again.

If you are busy and don't have much time for trading, investing and holding is better practice for you.

With trading, if you are not experienced and cleverly, you can lose your bitcoin by trading, not increasing your bitcoin or portfolio.

With investing and holding, you only need to have knowledge to believe in Bitcoin future, patience to hold your bitcoins long time enough, and take profit after some years or some cycles. Better ROI, no risk to lose your bitcoins like with trading.

I'm a man who has a lot of time in his hands but is always too busy doing something to enrich my skills and my self-worth. I'd love to trade bitcoins and make it something that will make me money, but I found out a few years ago that I'm better off buying bitcoins, storing them for 3 or 4 years, and selling them once a new ATH is hit. It saved me a lot of time, effort, and money and I get to use most of my time for other things that could also generate me money.

If you have a day job that occupies most of your time, keeping a little portion of your salary to buy bitcoin is the best way to go, then treat those expenses as your 'savings' and try to not withdraw when the price is subtly increasing. This way, you are building your portfolio slowly while you're making money, and the rest of your time is spent on other things that help you work on yourself. Personally, I think trading bitcoins is for the rich or those who have deep pockets who can make tens of thousands or even millions in a day. If you're someone who's in the middle class and working from paycheck to paycheck, day trading is risky and it's better for you to just save and buy bitcoins as an investment.

Accumulating Bitcoin is actually almost similar to the DCA method, except that traders who use the Bitcoin accumulation method are usually not active traders, they only look at the market occasionally and then try to take profits when they have made a profit.  while those who prefer risk will definitely choose to be active traders ^{(those who trade every day)}, however trading must produce profits so that everything done is not in vain, just like you, I also choose the accumulation of bitcoin which is a very good thing.

Trading is a risky and time-consuming practice. Some people seem to be good at it, and it can become a source of income for them. But a lot of people suck at trading, and I'm not sure that practice makes perfect in this case. Trading Bitcoin requires regular activities, stress, monitoring the market. Accumulation is way easier and also safer because Bitcoin does seem to have a strong upward long-term trend, whereas with trading, you can lose money even if a currency is good and has great potential. So, as for me, accumulation is wiser.

I have tried both, and judging from experience I have a peace of mind holding Bitcoin more than trading, if you must long or short the market, make sure you do it once in a while and with money that you are willing to lose, because in the case of trading you are simply gambling.

In the past, I always believe that trading is something you can do every day to get daily income but sometimes the market just behaved unexpectedly, and resulted in losses, you will be safer if you have a source of income and just focus on accumulating Bitcoin.

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The most successful traders don't trade everyday, they do it based on what the chart is gearing up to do and thats why they use stop loss too, obviously, it shows that there is no way you won't lose money as a trader, so be prepared before even starting to trade.

If you think about it very well, the holders have always been the most successful.

Trading has its advantages and holding Bitcoin has its own advantage in the sense that you can buy Bitcoin at low price and then sell when its higher with profits but it's not every coin that you will trade and get a reasonable profit.Holding Bitcoin is psychologically stressful and emotionally but trading isn't that same because of the stop loss use, however trading is energy draining and stressful because if you don't have the knowledge, you would probably make nothing.

Another advantage of trading is that there is a way you can buy more Bitcoin with less than the amount you have, for instance with small amount of money, you can buy margin of Bitcoin with 3x or even more depending on how the exchange is able to borrow you, if you are good in margin trading you can use that to buy more Bitcoin and sell when profitable.

If you can hold it upto a long time then you should have a hold on it and continue to be aware of of all the market conditions. Just go for all the asset's you can Invest in it so that when it pumps you can have a good amount of profit.

Be aware of the market conditions so that whenever there should be crisis you can have a resale if you're investing something you can't afford to lose otherwise just put the money in there and forget.

It is the wise thing to do to choose what is best for you and what you think you can do well.
 - not all become a successful trader
 - not all become a good investor but are good at trading

I highly recommend choosing based on your interest, not with the interest of others unless you are the same.
For newcomers, better to start investing first before moving to trading just to gain ideas because this is very important when we are there.

Both are different, and this is a subjective question because not all are engaged into trading, and not all wants holding Bitcoin for a very long time probably because they're impatient that they prefer trading.

Wise to do? It depends on your skills. Are you a good trader? Go trade your Bitcoins. If not then just go buy, accumulate, and hold Bitcoins. If you know how to trade, and you're profitable in it then go trading, but except from that, just focus on accumulating, and holding Bitcoin. At the end of the day, it's your goals, strategies, and risk management that matters. Maybe add the skills as well.

As for me, I focus more on accumulating Bitcoin rather than trading because I don't know how to trade, and I've lost significant amount of money in trading already that I'm thinking of not doing it anymore.

Trading and investing are two different methods that have the same goal, you must be able to master the things needed in these two options before choosing one of them.
Trading has the opportunity to achieve big profits in the short term, but you must be prepared to face the worst possibility which often occurs due to very fast price movements which can exceed the amount of profit you want. You must have knowledge to trade such as technical analysis, market analysis, and information from various other sources such as X and news spread in electronic media. Equipping yourself with analysis skills and in-depth understanding will really help you in making trading decisions.

Investment is also not free from the risk of loss, but in most cases, investors can overcome this risk based on their goals when investing. Investments can be made instantly or using the DCA strategy, there is not much that needs to be done in investing as long as you are able to be patient in the long term and do not panic easily when asset values start to decline. Long-term investments have the characteristics of stability, besides that they can reduce anxiety about daily price fluctuations. So in my opinion, if you have no knowledge about trading, then investing is the best decision because you can maintain assets while remaining focused on asset growth over time.

Is that even a question?

If your friends is successful become a businessman and you're successful become a high skilled worker, why he need to close his business and become high skilled worker? or vice versa.

People who buy Bitcoin since 2014 and hold till now are gamblers! Bitcoin was really cheap and no one can predict Bitcoin can be so high like now.

Invest is when the asset relatively stable and it high unlikely will crash, before 2017 Bitcoin is nothing stable.

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.

OP, is it better to trade or hold? For me, these are completely different activities. A person who only learned about Bitcoin yesterday cannot engage in trading. At the same time, any beginner can invest and keep Bitcoin for a long time. There's no big science here. So I don't think your question is correct. I know that those people who try to trade for years are not successful every time. You can reframe your post by saying: if you want to lose more Bitcoins, trade; if not, then just hold.

As far as my personal experience is concerned, this debate has long ended. Hodling has proven to be wiser than trading. Others may not agree, though. But my personal experience isn't uncommon. I have a number of Bitcoin friends who have long quit trading. The reason is that timing the market isn't easy.

A newbie who checks on the price every minute of the day may see a window of opportunity in the movements of the price. The same thing I saw years ago. He/she may see a pattern that seems easy to follow. I had the same impression myself when I was a newbie. Not until I tried trading myself that I realized it isn't as easy as it seems.

I am pretty sure for the majority of people who tried trading bitcoin, ended up with less than if they just held all together. Everyone wants to get rich quick but it’s not that easy.

Throughout the years I’ve seen many people lose their bitcoin stash because they either gambled it on some gambling site, they traded it for some alt that ended up going -99% or they leveraged traded and went bust.

So for those people, which is the majority they would of been better off just holding their bitcoins and not doing anything.