Bitcoin holder are not maximizing the bitcoin potential - page 5.

jostorres

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Quote from: Thehallows on August 25, 2023, 04:17:03 PM

It's interesting to note that many Bitcoin holders might not be fully capitalizing on the inherent volatility of this digital asset. The Bitcoin market can undergo price fluctuations of around 3 to 4 times in a single day, which offers ample opportunities for those who choose to engage in active trading.

While the common approach is to view Bitcoin solely as a long-term investment, it's worth considering an alternative perspective – that of an active trader. By delving into trading strategies, it's plausible to generate a daily income ranging from $20 to $30, provided one has a sound grasp of the market dynamics.

There is a very large number of traders who do day trading or scalping using Bitcoin if they have the capital for it. Those traders would have separate holdings for the long term and they also make use of the usual fluctuations of the market, so I don't think that it is a secret for anyone at all as long as a person knows how the cryptocurrency market works in the first place. I used to do it too when I had money that I could use for some scalping.

Scalping or day trading can be very profitable if the trader has a lot of knowledge and experience about the market and knows exactly how the market will move each day or based on a news or an event that has occurred in the real world and they make trades based what they read or see.

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Quote from: Thehallows on August 25, 2023, 04:17:03 PM

It's interesting to note that many Bitcoin holders might not be fully capitalizing on the inherent volatility of this digital asset. The Bitcoin market can undergo price fluctuations of around 3 to 4 times in a single day, which offers ample opportunities for those who choose to engage in active trading.

While the common approach is to view Bitcoin solely as a long-term investment, it's worth considering an alternative perspective – that of an active trader. By delving into trading strategies, it's plausible to generate a daily income ranging from $20 to $30, provided one has a sound grasp of the market dynamics.

Don't you think everybody knows that already?

But how you are going to make sure that 3 to 4 times a day is going to be a positive result since you mentioned its highly volatile so the market can go in anyway in spite of how accurate your technical analysis is?

This means day trading is risky which is why investors prefer utilizing the long-term potentials of bitcoin's volatile nature which is secure and less risky compared to what you are suggesting.

irhact

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Quote from: Thehallows on August 25, 2023, 04:17:03 PM

It's interesting to note that many Bitcoin holders might not be fully capitalizing on the inherent volatility of this digital asset. The Bitcoin market can undergo price fluctuations of around 3 to 4 times in a single day, which offers ample opportunities for those who choose to engage in active trading.

While the common approach is to view Bitcoin solely as a long-term investment, it's worth considering an alternative perspective – that of an active trader. By delving into trading strategies, it's plausible to generate a daily income ranging from $20 to $30, provided one has a sound grasp of the market dynamics.

This might sound very achievable when you view it with the perspective that you're looking at it from but when you want to start doing it then you'll realized that it's not as achievable as it was looking because you can't be guaranteed of making profits everyday from the market. It doesn't matter how professional you're as a trader, bit some times will come when the market will win and you'll lose and if you're not careful, you can lose more times than you win.

Trading is another approach to making money from crypto but trading is very risky that's why it isn't a good advice for newbies to start trading as they don't have any experience and they will lose to the market. The best way to make money from the market is by holding.

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Quote from: Thehallows on August 25, 2023, 04:17:03 PM

It's interesting to note that many Bitcoin holders might not be fully capitalizing on the inherent volatility of this digital asset. The Bitcoin market can undergo price fluctuations of around 3 to 4 times in a single day, which offers ample opportunities for those who choose to engage in active trading.

While the common approach is to view Bitcoin solely as a long-term investment, it's worth considering an alternative perspective – that of an active trader. By delving into trading strategies, it's plausible to generate a daily income ranging from $20 to $30, provided one has a sound grasp of the market dynamics.

For those intrigued by this concept, there's a wealth of information available, including informative YouTube videos that can serve as a starting point for learning about Bitcoin trading techniques. These resources(https://youtu.be/c7VH96My_3I?feature=shared) can provide valuable insights for anyone willing to explore the active trading side of the Bitcoin market.
And in addition I think its right time that everyone that's interested in bitcoin should also start learning about trading since it gives a good opportunity for anyone to earn off bitcoin. What do y'all think bout this ?

The price fluctuations is the common one in the crypto currency and other stock market.So the same was reflected in bitcoin and other altcoin,the market fluctuations should be used in order to make profit by investing at low price.By using the same day fluctuations,the day traders earning profit in a single day.The profit from day trading will be 10-100$ based on the fluctuations in price.Bitcoin is the good asset to hold your money in long term,some traders loss their valuable bitcoin by panic selling.

Japinat

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Quote from: adzino on August 26, 2023, 12:03:43 PM

Yep, the world of Bitcoin offers more than just holding your coins! Its price swings can be a trader's paradise if played right and one takes proper advantage of the volatility. While the long-term holding strategy has its pros, experienced users who understands trading can make some good profit by day trading. That being said, it's not for those that can't afford to risk, and one should definitely educate themselves thoroughly before diving in. I've seen a bunch of people check out resources like the one you linked and it does help to get the basics down. But always remember, with reading or watching tutorials won't make you an expert. You need to trade, make errors and learn from it to eventually become good in trading. The risks involved is much higher than just holding. Hence, most people prefer holding since you still make profit in the long run.

In the end, it’s an individual’s choice whether he’ll stay hodling or trading, but surely he’ll chose the one which is less risky and less stressful without compromising the future amount of profits. Moreover, trading demands a lot of time and efforts, and only real traders can sustain it, and the rest are long term hodlers who share the same goal with traders. So we cannot jump to a conclusion that long term hodlers do not maximize the potentials of bitcoin, because the fact that they chose long term hodling than short term trading, for sure there is quite bigger and promising profits waiting ahead.

Ahli38

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Quote from: Thehallows on August 25, 2023, 04:17:03 PM

It's interesting to note that many Bitcoin holders might not be fully capitalizing on the inherent volatility of this digital asset. The Bitcoin market can undergo price fluctuations of around 3 to 4 times in a single day, which offers ample opportunities for those who choose to engage in active trading.

While the common approach is to view Bitcoin solely as a long-term investment, it's worth considering an alternative perspective – that of an active trader. By delving into trading strategies, it's plausible to generate a daily income ranging from $20 to $30, provided one has a sound grasp of the market dynamics.

For those intrigued by this concept, there's a wealth of information available, including informative YouTube videos that can serve as a starting point for learning about Bitcoin trading techniques. These resources(https://youtu.be/c7VH96My_3I?feature=shared) can provide valuable insights for anyone willing to explore the active trading side of the Bitcoin market.
And in addition I think its right time that everyone that's interested in bitcoin should also start learning about trading since it gives a good opportunity for anyone to earn off bitcoin. What do y'all think bout this ?

I used to do a lot of day trading in Bitcoin and I thought it was not very profitable for day trading. If it's with a small capital. Unless we do daily trading on bitcoins with large capital. So yeah, taking advantage of bitcoin price fluctuations in the market with large capital will be quite profitable. But with small capital. You will only make a small profit and it is not worth the time-consuming analysis to do it.

So I started leaving it out and not including it in my daily trades. And I only invest in bitcoin for the long term.

As for day trading, trading in altcoins is actually much easier and the fluctuations are also higher. So that you can still get a sizable profit even with a small capital. And about Altcoins it's actually quite easy to analyze. Like by monitoring every event that every altcoin has. And we only enter altcoins that have events and so on. Fundamental analysis on altcoins is sometimes much more effective for profit combined with technical analysis. But when there are no events, technical analysis is definitely the priority. Coupled with fundamental analysis related to global economic events and so on. which also has an influence on market volatility.

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Quote from: Thehallows on August 25, 2023, 04:17:03 PM

It's interesting to note that many Bitcoin holders might not be fully capitalizing on the inherent volatility of this digital asset. The Bitcoin market can undergo price fluctuations of around 3 to 4 times in a single day, which offers ample opportunities for those who choose to engage in active trading.

Perhaps, you know a lot which most holders don't. But never think that they are not maximizing the profit potential because they are just holders, not a trader. Meaning that they just hold and wait for the right to sell unlike traders, who take every opportunity to take and make money for it. Besides, they are different from each other and the way they make money from the crypto market.

Quote

While the common approach is to view Bitcoin solely as a long-term investment, it's worth considering an alternative perspective – that of an active trader. By delving into trading strategies, it's plausible to generate a daily income ranging from $20 to $30, provided one has a sound grasp of the market dynamics.

People prefer to remain just an investor and hold Bitcoin because they are comfortable doing it and less risk. Well, of course, risk-takers will choose trading as they know themselves they can do it so well.

avp2306

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Quote from: DanWalker on August 26, 2023, 10:40:53 PM

Quote from: Thehallows on August 25, 2023, 04:17:03 PM

~snip~

What do y'all think bout this ?

It sounds easy but when you start trading for real, you will find things are not as easy as you imagine. Everyone wants to make more money by trading, but most will just lose, and that is why many people do not choose to trade but choose to hold for the long term. The purpose of long-term trading or investing is profit, Bitcoin will reach its maximum potential when we make the best profit. If you trade but your profit is not higher than the profit of the holder, then it cannot be said that you are exploiting the full potential of bitcoin. No one cares about your efforts, people will only look at the results you achieve to judge you.

Many think that trading or even holding is so easy since in realistic way its so hard to do it especially if we can encounter to many negative manipulation which cause heavy bearish market scenarios. For sure with this it can affect our decision whatever experience we got or how good we are on trading since if we see a long bearish streak for sure it affect our decision making especially if we have enough and our money is at risk of losing. Yeah some may say that holding for more is good decision to do but some other cannot take the pressure and decide to sell since feeling is heavy when you see all of your holdings is decreasing its value. So much better before taking a decision to hold much better if they have extra fiat to use for catching up some dumps if that happen so they can still play on the market even if there first capital has been trapped.

cute nmp

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Not all people are experts in Trading Most people prefer to simply buy and hold, Personally, I also prefer to buy and hold most of the time and was able to make good profits doing so . The Cryptocurrency Market is very volatile and can be very hard to trade which is why many people prefer making an investment.

gunhell16

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You can really make a daily profit in trading, and it depends on your understanding. Today, trading losses cannot be avoided by a trader in this part of the trading business industry. So what's in the YouTube link you gave? That's educational knowledge that depends on how you absorb and implement it in actual trading.

That tutorial won't do anything if you don't understand what's said in the video. That's why learning depends on how we apply it to the life we have in the world of Bitcoin or the crypto space. That's why it's a long process before we fully understand why we are doing these things in this field of business.

wxa7115

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Quote from: Thehallows on August 25, 2023, 04:17:03 PM

It's interesting to note that many Bitcoin holders might not be fully capitalizing on the inherent volatility of this digital asset. The Bitcoin market can undergo price fluctuations of around 3 to 4 times in a single day, which offers ample opportunities for those who choose to engage in active trading.

While the common approach is to view Bitcoin solely as a long-term investment, it's worth considering an alternative perspective – that of an active trader. By delving into trading strategies, it's plausible to generate a daily income ranging from $20 to $30, provided one has a sound grasp of the market dynamics.

Look, holders know very well that traders can in theory earn way more money than them, however that is the theory, if you can indeed pull this off then it makes sense for you to become a trader and earn much more money this way.

But things are never that simple, for the ones that cannot do this it is better that they just keep holding their coins as otherwise they are bound to lose a lot of money, also there are many traders that despite their skill prefer to become holders, as the attention they need to give to the markets and the pressure they need to overcome each day is simply too much for them.

DanWalker

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Quote from: Thehallows on August 25, 2023, 04:17:03 PM

~snip~

What do y'all think bout this ?

It sounds easy but when you start trading for real, you will find things are not as easy as you imagine. Everyone wants to make more money by trading, but most will just lose, and that is why many people do not choose to trade but choose to hold for the long term. The purpose of long-term trading or investing is profit, Bitcoin will reach its maximum potential when we make the best profit. If you trade but your profit is not higher than the profit of the holder, then it cannot be said that you are exploiting the full potential of bitcoin. No one cares about your efforts, people will only look at the results you achieve to judge you.

taufik123

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Quote from: jeraldskie11 on August 26, 2023, 06:40:05 PM

-snip-

Making tons of money every day with trading?
That will only be true if the trader is a true professional and the market is still reliable.
Trading and investing both have their advantages and disadvantages. Trading is not always more profitable than investing.

Even trading always plays with emotions that will at times interfere with trading and eventually cause losses.
It's about how to manage emotions for both trading and investing.

I would prefer to be a long-term investor if you don't want to be distracted by emotions.
Buy and hold until the target is reached, but it's your choice which one is better in your opinion.

Bitcoin holders should really maximize the potential of bitcoin for the future, Bitcoin is the best investment in the crypto space.

jeraldskie11

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In terms of profit potential, trading is clearly superior to investing. Investors will simply acquire and hold Bitcoin for an extended period of time until the price rises above the buying price, at which point they will sell it when they can afford the price. You can do a lot of things as a trader, you can trade numerous times a day, and you can make a lot of money every day. However, we must keep in mind that trading is riskier than investing because you must perform numerous tasks in trading, such as backtesting the strat before implementing it in the actual trade. If you fail to do so and immediately begin live trading, you will almost always lose. That is why there is so much failure in trading. And we can't deny that there were a lot of investors.

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If only all of us will be able to make our own trades profitable, then there will be no bitcoin hodlers left as everyone will end up as reliable traders. But that’s not the case in reality. Some aspiring traders have been seriously learning about trading but still, a lot of them end up in frustrations. Not because they are losing consistently, but because they find it hard to analyze and time the market due to its volatility that makes it very unpredictable. And so they end up as plain bitcoin hodlers, something that we should not also overlooked.

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Quote from: Thehallows on August 25, 2023, 04:17:03 PM

It's interesting to note that many Bitcoin holders might not be fully capitalizing on the inherent volatility of this digital asset. The Bitcoin market can undergo price fluctuations of around 3 to 4 times in a single day, which offers ample opportunities for those who choose to engage in active trading.
.......
And in addition I think its right time that everyone that's interested in bitcoin should also start learning about trading since it gives a good opportunity for anyone to earn off bitcoin. What do y'all think bout this ?

Yes, because they are indeed holders, so they will hold Bitcoin as long as they want. And they believe that the value of Bitcoin will continue to increase within a certain period of time. Everyone has their own choice of Bitcoin. Precisely by holding them, they can optimally use Bitcoin. Instead of forcing yourself to do trading even though you can't afford to do it. Every activity related to Bitcoin has its own risk. Maybe you can optimize Bitcoin by trading. But with a fairly high risk, what if it's the other way around? Isn't optimizing the potential of Bitcoin actually according to its abilities and strategies? And if you really want to be optimal, ideally it should be using Bitcoin as a legal tender. however, this is not an easy matter in all parts of the world because it is limited by various regulations within the country.

2double0

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I don't know which hodlers are you talking about, but if you're discussing about true hodlers of crypto, then mind well that if they come into the market with their bags of btc, they have the power to ridiculously move it down and nobody will be able to beat that action and make btc claim these high prices back. I think what they are doing is for the good of crypto, so let us not criticize them for their actions and keep taking advantage of the current market situation on our own. Wink

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Certainly. And bitcoin trading has indeed bigger opportunities to earn and save. However, the problem is, not everyone is capable to earn through trading. I know a lot have been trying to succeed and do their best so they will end up trading for profits but it seems aside from knowledge and skills, luck should also be present in trading. Otherwise, if you trade without those qualities and just force to trade trying to prioritize your greed, you will never be in profits but instead, you’ll end up as a frustrated loser.

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In my experience, it can be said that the best strategy is to hold in the long term, yes it is true that you can make some small profits through day trading, but you can also lose.

If you are a good trader who is good at analyzing and reading indicators, you can use your skill to earn some profits daily, you can also combine the two strategies where, for example, you can allocate part of the capital for trading and hold the largest part in the long run, so you can reap some small daily profits and keep the largest part Hold until the top.

Of course, in the end, everyone is free to choose the strategy that suits him.

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Quote from: Thehallows on August 25, 2023, 04:17:03 PM

It's interesting to note that many Bitcoin holders might not be fully capitalizing on the inherent volatility of this digital asset. The Bitcoin market can undergo price fluctuations of around 3 to 4 times in a single day, which offers ample opportunities for those who choose to engage in active trading.

Yes Bitcoin provides ample of opportunities. But you need to accept the fact that majority of the Bitcoin investors are doing it for long term investment. For them these price changes doesn’t at all exist. They just buy the coins and hold it till another bull run hits the market. They don’t want to frequently buy or sell these rare and high valued coins. They aim for big profits and hence for them, these small daily profits doesn’t matter at all. This is the general mindset of an average Bitcoin investor.

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