Accumulating Bitcoin or trading Bitcoin which is more wise to do. - page 8.

hatshepsut93

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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.

Neither. It's best to ride the waves of market cycles and buy during a bear market to sell during the bull market that comes after. If you are trading daily/weekly/monthly, you will just lose money to random movements that are impossible to predict, if you are just buying and buying, you are taking a huge risk and the profit is smaller than investing in cycles because you are not taking profits and reinvesting them for more profits.

dunfida

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Quote from: Smilevictorobinna on May 03, 2024, 01:29:24 PM

Bitcoin is the best cryptocurrency in the world right now and a lot of people has developed interest in it.

A lot of people are also confused on whether to accumulate and hold as many as possible or to start trading it.
Bitcoin will grow more bigger and stronger as the day goes by, people who had opportunity to invest in it 10 years ago and never did are regretting it till date, accumulating as many Bitcoin as possible will be the must wise thing someone will do than trading it.

Am not saying those that trade Bitcoin are not making it big but accumulating Bitcoin is a lifetime investment and it will be more profitable.
So don't be confused anymore accurate as many Bitcoin as possible and hold on to it.

You can do both things but of course its not something that everyone could pull it off.

Trading does need up some time and effort on which dealing up with this volatile space isnt something that you could easily deal up with but doesnt mean that it would be impossible for you to make money.
Only the best among the rest will really be able to sustain up yourself on this unpredictable market and this is why there would really be those people who would really be rather be holding
instead on making up some active trades because they cant really be able to handle up the risks involved.

It would be a matter of choice on which one you would really be taking into. It is really just that there are people who are really that skeptical on facing up the risks
but eventually it is something worth if you do really just know on what you are doing.

Stalker22

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Trading is for those wanting to try timing markets, and holding long-term can work, but enough already with this you cannot lose talk. Bitcoin is volatile, and no one really knows the road ahead.

Lets be real, stockpiling Bitcoin might make you rich, of course, but nothing is guaranteed. Its a spin of the roulette wheel.

Hatchy

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Quote from: Smilevictorobinna on May 03, 2024, 01:29:24 PM

m not saying those that trade Bitcoin are not making it big but accumulating Bitcoin is a lifetime investment and it will be more profitable.
So don't be confused anymore accurate as many Bitcoin as possible and hold on to it.

It's not actually a matter of being confused as we have two types of investors when it comes to Bitcoin. The long term holders, aims to make profit by holding their investments for a very long time. While that of the short term holder, the traders makes profits from short term hodl. So what ever investor you choose to be depends on your knowledge and choice. But holding is more profitable for the longer term because the bigger your accumulation, the more profits your are likely to make from the market.

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If a person does not have an idea about trading they should not attempt it at all. Hodling does not require any skills and you're taking on little risk if you're not buying with borrowed funds.

For someone who has experience with trading, they do not have to choose one or the other. If you're making some profit trading you can set aside a little amount for it and lock the rest up in cold storage. If you're not profitable, you should quit trading.

HideYourKeys

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Unless you consider yourself a good trader, I would stick to accumulating Wink

Frankolala

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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.

Smilevictorobinna

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Bitcoin is the best cryptocurrency in the world right now and a lot of people has developed interest in it.

A lot of people are also confused on whether to accumulate and hold as many as possible or to start trading it.
Bitcoin will grow more bigger and stronger as the day goes by, people who had opportunity to invest in it 10 years ago and never did are regretting it till date, accumulating as many Bitcoin as possible will be the must wise thing someone will do than trading it.

Am not saying those that trade Bitcoin are not making it big but accumulating Bitcoin is a lifetime investment and it will be more profitable.
So don't be confused anymore accurate as many Bitcoin as possible and hold on to it.

Topic: Accumulating Bitcoin or trading Bitcoin which is more wise to do. - page 8. (Read 1019 times)