Bitcoin holder are not maximizing the bitcoin potential - page 6.

Awaklara

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Quote from: Thehallows on August 25, 2023, 03:17:03 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.

those who only hold Bitcoin does not mean they do not take advantage of the volatility of the Bitcoin market to make a profit. it is more a matter of choice of each person who holds Bitcoin or trades it.
I'm sure those who are Bitcoin holders also analyze trades and have also made trades. but sometimes due to limited abilities and also some people feel they are luckier when holding Bitcoin. when you do two things simultaneously or even alternately. you can analyze for yourself which one will be more profitable for you.

adzino

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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.

suzanne5223

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

While the common approach is to view Bitcoin solely as a long-term investment, it's worth considering an alternative perspective

The consideration of looking into other perspectives in this current market trend appears to unwise decision when the whole bullish trend of this current market depends on the Bitcoin price moment which will take effect latest next year.
Diversification is good but only in the market where the future market trend is still unknown.

Cryptomultiplier

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Some of us don't HoDL BTC for future reasons only. We may have had this insight from an onset and may have wanted to try out trading in addition, but what's one reason for one is different for another and time is a factor that is the main consideration too.

If the knowledge is there but there's no time to punch in the details and give the prompt or command to trade, maybe due to schedules we have to meet up with, then there's no point in sticking to it professionally but to make it a part time side hustle.

AicecreaME

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That's why they call hodlers.

They can't just buy and sell their Bitcoin in a certain day based on price fluctuations since I'm sure they just bought it near the price where the the current dump is or maybe they just want the long term profits and not the day trading profits since it's not that big compare to the profits they are gonna have in the long run. The other thing is that they might regret buying or selling some of their Bitcoin within the day because it might go to the opposite direction of what they are expecting.

libert19

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Not everyone is able to become a good trader despite Bitcoin making multiple swings each day, and that's ok. Some people are just meant for hodling, if they were to trade, they would lose what they have got as well.

May be you haven't read HODL! origin story yet.

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Quote from: Viscore on August 25, 2023, 03:55:40 PM

Well, we all know that trading gives higher opportunities to earn than simply hodling bitcoin for long term.

I am not sure this is such a common confidence for everyone. I agree with that in theory, because it is hard to argue that short price fluctuations give more room to provide trading operations. But, practically speaking, trading is definitely more risky than holding and most people loose their deposits in the long term, comparing to simple holding. Higher opportunities you are referring to are only possible if a trader is quite successful, which happens rarely. In contrast, while holding, generally people have more chances to gain eventually, or at least not to lose.

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

-snip-
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.
-snip-

The type of offer that can generate daily income of up to tens of percent, IMO not all are interested in doing this type of daily trading and are still loyal to making bitcoin a long term investment.
Traders who choose to engage in trading activities that earn up to 30% in a day, mostly not on bitcoins but on other types of coins.

Regarding the ability to understand market dynamics, with continuous issues and events that are allegedly a factor of price uncertainty than predicted in daily trading, I think people prefer to take a general approach by making bitcoin for the long term. Wrong in analyzing and implementing strategies with the main goal of getting profit, it can happen the opposite of the profit you want to get, namely losing some funds.

Doing day trading is just a matter of courage in taking a stand. Fear of loss, then the best way is a long term investment.

GreatArkansas

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

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 ?

Easy to say but difficult to do.
There are already a lot of people who tried to trade at first because they were convinced or lured by some people on social media that trading is easy money, but if you are already in the field, it's difficult.
I don't blame them, maybe they are just not prepared. For me, trading is not buying low, selling high.

Yep, I agree they must start to learn trading but before they do trade, they must know how risky trading is and they must first identify their goal and the process.
Learning must always comes first.

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Quote from: freedomgo on August 25, 2023, 04:15:26 PM

Yes, trading is way more profitable than long term hodling. But have you been trading and making decent income in most of your trades? Because it’s easier being said than done. Trading is done with high knowledge and skills, and only experienced traders only stood the test of time, because a lot end up losing and eventually quit from trading. That is simply the reason why most of the traders end up settling with long term hodling. At least, when you hold and tend to forget that you have been keeping bitcoin in your portfolio, you are likely to profitable when the market is in profits.

Truly easier said than done, if someone wants to argue that trading is more profitable in the long run than long-term holding. That's his opinion and mostly based on his experience. But with all of the people here being aware of how profitable long-term holding is, it's already justified by most of us because it did happen to us. Remove the pressure on yourself when you're trading and transition into holding which is not going to require you a lot of work. Just as you've said, you can just likely forget that you're holding and return to the market when the bull run is in and you'll be surprised at how much your portfolio has grown for being patient. Both trading and holding requires patience but I'll choose to be more patient in holding without the need to check the sentiment of the market.

sheenshane

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

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.

How sure you are about this?!
There's no guarantee of making a profit daily on trading even how good you are.

IMO, trading isn't for everyone and isn't a means at all to make a profit, so it's impossible to make or generate a profit daily as you've said $20 to $30 daily.

I rather consider holding for a long term or storing Bitcoin's value in a long time and doing DCA way upon investing Bitcoin is a good move.

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Quote from: Thehallows on August 25, 2023, 03:17:03 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 ?

Trading is easier said than done. If trading is that very easy, many who engage in trading could be a millionaire now. For a holder that does not have time or knowledge about trading, holding is the best option for them. This way they have a lesser risk.

Trading is sure the best method to gain profit but it is also the fastest to lose profit. One wrong move and all the profit accumulated can be busted.

Quote from: Sim_card on August 25, 2023, 05:15:59 PM

From my own perspective, I believe that hodlers makes more profit than traders. Traders are after daily peanuts like you said OP, $20-$30. But if you hodli for a long term and when you plan to sell maybe in 8yrs time which needs patients, mate you will make huge profit compare to those peanuts that you think you can get from trading. Instead you will lose your coins to trading and will regret your actions later. Hodling has no stress and just patients but traders will not have rest and always looking at bitcoin price and at the end they will still secure a loss.

Knowledgeable traders do make more profit. By taking advantage of the fluctuation, a trader can grow his portfolio by selling high and buying low. But as I stated, it is easier said than done.

Sim_card

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From my own perspective, I believe that hodlers makes more profit than traders. Traders are after daily peanuts like you said OP, $20-$30. But if you hodli for a long term and when you plan to sell maybe in 8yrs time which needs patients, mate you will make huge profit compare to those peanuts that you think you can get from trading. Instead you will lose your coins to trading and will regret your actions later. Hodling has no stress and just patients but traders will not have rest and always looking at bitcoin price and at the end they will still secure a loss.

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

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 also presents lots of risk cause it makes the price very unpredictable.

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

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.

Sound grasp of market dynamics does not guarantee any form of profits and does not protect from losses either.

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Yes, trading is way more profitable than long term hodling. But have you been trading and making decent income in most of your trades? Because it’s easier being said than done. Trading is done with high knowledge and skills, and only experienced traders only stood the test of time, because a lot end up losing and eventually quit from trading. That is simply the reason why most of the traders end up settling with long term hodling. At least, when you hold and tend to forget that you have been keeping bitcoin in your portfolio, you are likely to profitable when the market is in profits.

SamReomo

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Quote from: Thehallows on August 25, 2023, 03:17:03 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 ?

An active trader can earn $20 to $30 profits from trading Bitcoin only if he/she has a huge capital to trade Bitcoin. The ones who have at least one whole Bitcoin could earn such level of profits on daily basis and sometimes they also have to face some losses because the Bitcoin can dump anytime without notification and such traders might have to hold their trades for many days in such cases.

I don't think that the ones who trade Bitcoin on daily basis are the ones making profit out of it because those people can sometimes face huge dips and they may have to sell their coins for a lower price in order to continue their daily trading. There are some traders that might earn some good profits by trading Bitcoin when it gets a dip but those traders are the most knowledgeable ones.

I think the ones who know the art of hodling are the ones who make most profits from Bitcoin because those people accumulate when Bitcoin faces a huge dip and wait for a higher price value or you can say that they wait for the next bull market to sell their holdings for huge profits. There are also those holders that won't sell their Bitcoin for decades and they're the real geniuses who will earn most profit from Bitcoin holdings.

The Cryptovator

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It appears that you might have a simplistic view of making money through Bitcoin trading. Have you begun trading and experienced profits? Understand that many small traders have faced losses while significant players profit. Engage in trading to comprehend. I'm not implying you can't profit, but expertise is crucial to navigate Bitcoin's volatility. Remember, holders generally gain, whereas traders face uncertainty. Hold until you achieve reasonable profits; avoid selling prematurely. Set achievable targets to avert future regrets.

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Quote from: Thehallows on August 25, 2023, 03:17:03 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 ?

We do have all the choice and its up to ours on which method and thing we are really that sticking into. There are ones who cant really be able to afford on dealing up with markets volatility
and there are ones who are really that courageous on dealing up with the movement and snipping out some profits on the time that it moves. This is why we could really be able to generate
holders from those active/daytraders which it is really that totally opposite on what they are really that been doing.Its not bad to hold and its not bad to be an active trader since this would really be in accordance with your own preference since not all would really be that risk takers. This is why its up to you whether you would really be holding up or would be trading according into your risk appetite.
So dont stress yourself on how people would really be dealing up and making use of their coins whether they would really be going with the flow of the market or would really be standing still
and hold for long term. For me then my bag is really composed of two allocations which one is for holding and one is for active trades because it is really that too boring if i would really be just sitting
still and doing nothing. hehe

Viscore

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Well, we all know that trading gives higher opportunities to earn than simply hodling bitcoin for long term. But always know that there’s also bigger chances to lose from trading because there’s bigger risk on it, particularly for beginner traders who are still in the process of gaining first hand experience in trading. Not everyone is capable enough to make trading works, that’s why a lot would chose to settle on long term hodling because it’s less risky plus the chances to make you profitable is still high depending on how much coins you are able to hold at a longer period of time.

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