Topic: Accumulating Bitcoin or trading Bitcoin which is more wise to do. - page 7. (Read 1019 times)

This is what we call

HODLING vs TRADING in which have had answered a thousand times before in this forum because it stands such to buy or to sell .

but for me personally ? since you are talking about the number 1 and most expensive coin? I will choose HODLING or accumulating specially in our time now .

Because an experienced and good trader does not predict the market. They are disciplined with their trading action and they take action very disciplined. They don't enter the market if they won't see risk and profit ratio from an entry and their target exit is good enough in both potential risk and profit.

They are flexible with their trading action by entering and exit the market and they even are quickly to exit the market if it turns bad and they can accept a draw, minor loss to avoid bigger loss. They have plans for trading and their plans are not depended on market predictions.

HOLD will give very good ROI with Bitcoin. See Bitcoin ROI.
https://casebitcoin.com/charts#roi_chart

Even people who consider themselves as good traders can still not predict the market 100%, the market can still play tricks on them and they'll end up gambling away their money.
When it comes to Bitcoin investment, then the best approach has always been BUY and HODL,  because you can only reap the actual benefits of Bitcoin when you look at it as a long-term investment and you target the long-term profits, and trading is definitely not looking at the long-term potentials of bitcoin.

First the title or topic seems more like a question but the content itself says other wise. Perhaps you have concluded already that holding is wise enough than trading but perhaps you might be wrong or right because it's quite an individual thing. You can be comfortable trading crypto and someone else will be comfortable holding. The both are likely to make profit the difference is one is taking more risk than the other and believe me the higher the risk the higher the chance of more profit is.

We can not decide for anyone hence neither trading nor holding for a long term is the best as long as it's not just one person that's in the contest. Everyone has their own pockets and risk management.

Similarly, the most common here is holding which makes you more comfortable even with the volatility of the market. Accumulating bitcoin is mostly the best choice for everyone because of the opportunities that it gives and losses are minimized to the fullest as long as you hold your a prone to profit. All that is most required for profit making is how long one is patient enough to hold the longer you hold especially bitcoin the more profit you will make so holding has always been the choice of the people here and I'm not excluded.

Finally, what I'm saying in essence is if you can trade and make profit don't let our own contributions or perceptions and ideas towards trading influence you to do less you have to goal to reach and none of us will reach that goal for you so if you think you can trade go for it but if not you better stick with accumulation(Hodling)

Pretty interesting Topic!
In the term of profit or loss, if we compare trading or investment, then according to my opinion, when there is a bull run, trading gives you just 2x to 4x profit margins. In the case of buying, they have higher profit margins when the bull run reaches its peak as compared to trading. 
 
So it means to say that, according to me, accumulating Bitcoin is the best way to make huge profit margins. While trading, you cannot get profit margins in the same way that you get from investment. Apart from this, if we talk about efforts, you will have to learn some skill in trading like technical analysis, fundamental analysis, time, probability, etc., which requires a lot of efforts, but despite this, the lose ratio is high, which means the profit/loss ratio is 50-50. . On the other hand, in investment, you will have to make a few stances and at the same time, the profit margins are also high and the loss ratio is nonexistent. Meaning if Bitcoin is taken, then those who have invested are in an all time bullish moment from a long term perspective. So therefore, for me, investment is better than trading.

You should do which one you think will benefit you the most and which one you know is best to do. If you want to accumulate and hold bitcoin for the long term, which is obviously the safest way to profit from bitcoin, you should do that. 
 
Some people feel like holding bitcoin is really a waste of time due to how they feel that they can really make a fortune if they trade it, which many do, but a lot of people have lost their investment due to the wrong timing on the bitcoin market. It's highly volatile nature makes it more risky and harder for its movement to be predicted.

Bitcoin has become a great crypto in all over the world since is the only that stand as a coins that everyone knows much about and it always gives a turn up at every time a person purchase it. That's why a lot of people's have developed much of interest on it.
We humans beings where individuals defferences and everyone has a plan for his future, some people's preferred to accumulate a Bitcoin than used them trading since that's what they have knowledge about. Because not every body have knowledge about trading that's why so much people's do not, but some people's reasons is because of the risks that is involved and all people's have the mind to afford the risks that are involved in trading which why some will just free themselves and only accumulate a Bitcoin and live it for long periods of time so that it can earned huge profits.

That depends on where you feel more confident and comfortable of doing. Hodling might be less risky but hodling does not seem so easy just like others are speculating. You need to have a good control of your emotions for you not to break down when prices are suddenly going least of your expectation. That’s just normal in a volatile market like crypto, so expect that there will be more price correction all throughout. Just like trading, patience is a necessity. If you don’t have a good management of it, both hodling and trading will never be successful but will only leave you with a lot of losses and frustrations.

I'm not sure you really know what percentage of traders are able to make a profit from trading. Do you have data about that?

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Trading and investing are just choices that are both profitable and detrimental in certain circumstances. You never know if you will actually make a profit from your investment in the long term in bitcoin - IMO, that is a risk you still need to consider so you are not 100% safe putting all your money in bitcoin.

Traders are more likely to be able to withdraw their profits and enjoy the results of trading compared to long-term investors - of course this refers to investment risks where even investors themselves do not know for sure what will happen in the future to their investments. They can lose access to the wallet even if they have secured the key or seed - while traders can withdraw their profits when they convert their bitcoins to fiat that very day. But in my opinion - long term investment is more profitable from a psychological perspective and also the potential for large price growth is good to consider.

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.

Trading is profitable, only if you understand the basics of analysis and quotation. The question should be - how efficient should a person be, to become a successful trader? Otherwise, I'd advise that you back out and HODL coin for the safety of your funds. I definitely did traded for sometime and made profit for the first few months (including loses), but it took away my time since I'd always prefer day trading.

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on the other hand, HODLing requires less attention and skills.. All you gotta do is set up a hardware wallet - a type that would regenerate your priv keys offline (Trezor preferably)

If you believe your good at trading then why don't you start doing it if you have the skills and knowledge about trading. For me, even though I have some knowledge about trading and have done it before but I am not confident with my skills in trading. I'd prefer accumulating bitcoin which is more wise to do in my opinion and the amount you have won't change but the value will change and that's more in my favor since the value is either going to increase or decrease. Do what's best you think between the two.

I think that it depends on the person itself.

I think that trading can be beneficial for those looking for quick profits. It is definitely riskier than just holding but if you need the money right away then you can do this. However if you have some patience on you and can wait months even years until finally something comes out of your holdings then that’s fine too.

I doubt if there is anyone who is confused on whether to trade bitcoins or hold Bitcoin. If there is anyone like this what this tells me is that that individual hasn't researched on this two concepts.

If the individual is a beginner who doesn't have any background in fingers or investment they accumulating and holding Bitcoin is the best option for that individual. Trading Bitcoin has so many risk thay only expert traders should in involvy thems so in it.WBetween these two one requires knowledge and the other one has a free entry.

The answer to your question will be based on choice and level of experience. Some Bitcoin traders are making lots of money and they might consider accumulating as a waste of time. Some people are not patient enough to wait for a long time before they make a profit, so they prefer to be traders. Just as others have said, trading is risky and needs a lot of skills to be successful. If you don't have these important trading skills, you might end up losing all your investment.

Accumulating and hodling Bitcoin is easier and also profitable. You don't need much skill to know how to keep your coin. Understanding the Bitcoin system, wallets and important security procedures are basic information that can make you a successful long-term investor. It is important to know how to protect your wallet from criminals.

However, if you are highly capable to do both, then why not? Trading is never bad as long as you know what you’re doing and you know exactly the outcome of your action, and at the same time accumulate more bitcoin with your spare money that you can afford to lose.

Let’s not complicate things if they can be done accordingly. Unless if you are just trading to make quick profits, that will never work and will only put your portfolio into the danger of losing.

You don’t have to be confused,  just do what works best for you. If you prefer holding, then do that, and if you know trading works for you, then go for it, but you should know trading is not really easy compared to holding. If you want to be a trader, you have to take learning as a continuous process. You should know the risk is higher. You won't always be making profits, sometimes you will have to lose, but make sure your profits are more than your losses as a trader. There are other things you should know if you want to be a trader, but holding is not that difficult and has a lesser risk.

Some people knew about bitcoin years ago, but they didn't invest in it because they didn't have confidence in it. Most of them were thinking bitcoin was a scam, and some don't really believe bitcoin will be so successful. Most of those people are really regretting why they didn't invest earlier, and people who don't invest now will end up regretting later in the future why they didn't invest in bitcoin now.

There is nothing to be confused about, you can decide to do both. If you are a professional trader, then you can decide to trade with some of your money, and you can use the rest of your money to accumulate bitcoin and hold it.

Not entirely true, this depends on the trading skill of a person.  Trading Bitcoin is way more profitable than just holding it but obviously it comes with high risk due to the high volatility of Bitcoin.

Given a scenario of a skilled trader trading Bitcoin by buying low and selling high, the person can accumulate more Bitcoin than the person who just hold BTC and waits for his target price and sells.

Like when two people, Person A and Person B, bought Bitcoin @ $20k , Person A just hold his Bitcoin, while Person B monitored the market and sold when the price went up to $70k  and then bought again during this dip.  Who do you think will have a more profitable investment venture?

I highly agree with what @hatshepsut93 stated. Take advantage of the dip and surge of the market for more profitable investment ventures.

It depends on person to person like if the person has well skills about the analysis like fundamental analysis to technical analysis then there is a possibility to have profit on short-term trading for that person. i will also say in case of these people they can do the both at a same like short-term trading with their skills and accumulating bitcoin for long-term with dca method no one will stop him.
But for the beginners and those who are not skilled at technical analysis for the the best option is to making the investment with a proper DCA method this will make the risk low for him. So now it's ups to that person decide what skill he have and what will be wise to him choose.

One can do both, there is no restriction as long as one can afford it.

If I'm a trader, and I'm constantly trading Bitcoin and other cryptocurrencies and earning good profits from it, I would be able to accumulate and hold some of it as well for the long-term because I will have enough funds to do that, and it wouldn't affect my trading activities.

Those who are not day trading because they don't have a budget for it, and only get a small amount to spare each month or so, accumulating and holding is probably the best option for them because you can't start day trading with a low budget as the profits won't be worth the time spent on it.