Topic: Bitcoin holder are not maximizing the bitcoin potential - page 2. (Read 826 times)

That is not exactly true. There can be totally red days or even weeks. That is why we can not say anything for sure. "Definitely" is no an appropriate term to use in the crypto trading context. You can think about a good profitable strategy but even if you have thought it all through, it wouldn't work all the time.

Volatility in the Bitcoin market will remain the most as we know that everyone has gained good experience about this digital currency and subsequently invested in it. It's interesting that the market swings several times a day, which makes a trader fear profit and they can make money from Bitcoin. Moreover, an investor knows that there will be volatility in the Bitcoin market and the financial assets he holds will never fail but will bring success in the future. Bitcoin should never be short term investment as it is better to invest long term, short term employment can never make much profit. But if a bitcoiner invests long-term in his future, he can certainly become a big man and not run out of money. And if an active trader trades from good ideas and constantly with that knowledge, he can definitely earn $20 to $30 dollars per day.

Yes, that is true. Because daily or weekly Bitcoin trading will definitely be profitable. But the problem is, it requires quite a large amount of capital to be able to make a profit with the amount you wrote down. Meanwhile, quite a lot of bitcoin investors only have capital under $500 in bitcoin. So achieving a profit target of $20-30 per day will definitely be very difficult, even almost impossible. So to trade Bitcoin on a short-term or daily basis, quite large capital is required. The minimum is to have $5k worth of bitcoin assets. If it is below that number, in my opinion it will be very difficult.

Additionally, I personally prefer investing in bitcoin for the long term. Because I think investing over a long period of time really saves time, for example not always monitoring market movements every day. Because what I experienced, monitoring market movements every day was very tiring and other activities became a bit disturbed.

However, perhaps some bitcoin investors who have quite large capital and do not have other activities can definitely trade bitcoin in a short time period/daily. Because if there are no other activities and you have large enough capital, you will definitely be more focused and the profits you will get will definitely be more optimal.

What you suggesting is a day trading. The problem with trading is, it’s not stable when it comes to bitcoin. The same reason that make you think we should trade can be the reason to lose everything in single day or who knows in single trade itself. I would be wondering if holders are willing to do it. For guy like me whose only focusing on holding it would be nightmare if I see I am in position of loosing everything.

The day trading or trading basically isn’t same for all. Many of us might not even comfortable with it due to less knowledge about technical analysis. I think staying low if you have no knowledge about it is the best key here.

Actually, this depends on the investor if the people just want to hold their Bitcoin let them do this because they have plans to hold, people just know the Bitcoin keep urging other people to deal with what they want, some people know already the use of bitcoin some of them doesn't really care at all just they want to hold. Currently based on my knowledge bitcoin now is widely use in different payment, method, investment, trades, and exchange I know there's a lot more can be use of it but of course it will depends on the people what they want to do with their bitcoin.

I could agree as I've tried it and lost my entire capital. This will tell me that trading couldn't be for everyone because I believe that there are people who really meant for this and I don't see I was fit in trading but just for holding. Also, we can see some people are the opposite, they are pretty good at trading but not good at holding. In means that everyone has differences and passions in life so we can choose the best thing for us. Some people force themselves to become a trader and suffer losses, I don't think it was a smart decision either.

I definitely agree that bitcoin trading gives more opportunities and creates more rewards than simply bitcoin hodling. But let us all know that bitcoin trading has bigger risk and higher chances of losing especially if you rush into trading without sufficient knowledge and honed skills and strategies that will make you win your trades. I believe a lot are doing this and so they end up losing. And realized in the end that there’s bitcoin hodling that will still give them excellent profits as long as they can withstand the high volatility of the market.

I don't have data about the number of traders who quit but I believe that more people quit rather than pursue their trading career. One reason is that they find it hard to deal with their emotions. Of course, we can see profit in trading but the question is if it is really the thing that happens to us when we try it or if we just lose our money. That is why I can't blame people for just holding as they believe this is the safest thing to do rather than risking their money into trading. Trading is a choice...

Copy trading is being suggested everywhere when there are a lot of newbies. It sounds good but you'll also see the other side of it when the trades done by that trader you're copying isn't good.

Well, there are the stats so that's the actual number that shows why you're going to choose the best trader that you're about to copy. It's an easy strategy, however it's still best to do what you can do and learn from it.

So, you're free to roam and go in every market you wish and do the trade. At the same time, if you just want to copy trade while holding, that's on you but holding is one of the best strategy that allows you to other things.

OP you should know that not everyone has the time to look into what they are trading. Some persons trade as a per time not full time while some do it for fun. You could have brought different options on how can benefit. Not only that, there is always loss incurred in the long run but you wouldn't let the kids overrun your profits.

Some traders prefer copy trading which is also a good thing if you choose a good Elite trader, I have seen an exchange that also has Bot copy trading which is already a plus in the arena of copy trading. There's also a passive income strategy anyone could practice and get the result they wanted

such abilities were not possessed by greedy traders. traders may be able to master many trading skills. However, without sufficient experience so that traders can have good control over every trading plan they make, many traders will be trapped in greed.

I'm sure most traders have experienced this, the momentum to exit a trade because they have made a profit but see the possibility that the price could rise again so they are forced to continue trading in the hope of making more profits. Maybe you will get more profits, but more people will get stuck when everything in their activities does not go as expected.

And this is an important step on the development of a trader, trying to obtain the highest profits is in fact the goal of every single market participant, however if we take this to the extreme then this could mean investing in shitcoins hoping for a coin to skyrocket, which is precisely what many people do by the way.

However since the chances of success are so low many people are against doing this, and a similar logic applies to trading in general, even if a good trader can make more money than a holder, what good does that information does for me if I am not a good trader anyway? As in that case it is preferable I become a holder instead since I can actually make some money in this way.

It should also be noted that the available supply of bitcoin is only 21 million and only a few have yet to be mined. And some supplies don't all circulate, some remain in the user's wallet without being able to be moved because the user doesn't have the key and that becomes a graveyard for the bitcoin. This indicates that there will be fewer bitcoins in circulation.
Bitcoin for the long term is certainly highly recommended because it will provide more returns than just holding it short term. Also pay attention to what price you enter and at what price you leave.

I agree that it is best for me too. There are a lot of people who try to trade and make a profit but I personally believe that I would not be able to make as much profit from it that way as I possibly could and I rather not do that at all. This is why it is a lot better if we are smarter about it, and should be doing some good return in the end.

I get that it could be a bit more of a challenge in the end if we are not careful, but as long as we get to do what we want to do, we should be fine with it without a worry. Many people care about maximizing, and they do not really realize that they should be able to actually do something that would make more profit if they were careful about it. That is why long term is the way to go.

Yes, I agree with you. The best returns, in my opinion, are stable returns. And stability in the market cannot be achieved without the ability not to lose your deposit and already earned funds. Therefore, knowing when to exit a position at the right time, and doing so when you are confident the time is right, is paramount to successful trading.

It is logical that everyone will act according to their beliefs, how they see the market. I chose long-term investing for myself because I know that for me it is the best possible option. If there is a trader who can earn more over the long term than Bitcoin can grow, then of course he will trade and eventually earn more than me, but this does not mean that this can change anything for me, because I am not such a good trader and often suffer losses because I am just learning. But if you look at the high-status users of this forum, almoust everyone says that hold btc defeats any other attempts to make a profit, so why try to invent something new?

First, note that for a trade to truly impact the price of bitcoin, the scope of the trade must be limited to the spot market or something else that actually moves supply.
Back to the OP's statement,if people take that perspective, maybe bitcoin isn't their priority because some assets actually have higher volatility to get profits that are closer to the daily income targets.

Timing plays a key role not only in trading, but in just holding too. It is not enough to just buy and wait and then sell at a high price. You will not be able to not worry at all and not monitor the market. Because to successfully close the transaction, you need to sell on time, and this is what many holders do not do, in the hope that the asset will continue to grow further.

Even though you are very good at doing TA and have deep knowledge about trading still was hard to timing the market price due to its volatility. That is why some holders wanted to stay as holders rather than use their funds to trade because they thought it was less risky and not stressful. Of course, if you are not really confident to do trading why you should do it in fact, we can still earn a profit from just holding and selling at high. It was not how we miximized our funds while waiting for the bull season but we chose the way that we thought it never gives us losses which holding does.

People invest in Bitcoin when they see its price rise. People who invest in bitcoins invest in bitcoins with the plan of holding bitcoins for a long time but may not be able to hold bitcoins for a long time because of their need or for some other reason. If Bitcoin is a short-term investment then we will not realize that kind of profit or loss from Bitcoin but when investing in Bitcoin for a long period of time we will see a significant amount of profit or loss from Bitcoin. 
The total supply of Bitcoins in the market is the total supply but flows from one person to another like money. Some are using bitcoins for trading, some are using bitcoins for long term holding, some are selling bitcoins for their own needs, That is Bitcoins are moving from one person to another.