Topic: Playing crypto for many years without holding Bitcoin. - page 4. (Read 821 times)
Been in cryptocurrency for so long and not having Bitcoin should not be a problem because everyone have there own reasons of getting into cryptocurrency. If anyone that knows about crypto and decided not to in invest in it is left to them. Someone might to be in cryptocurrency and not have the money to invest. The only way we can make money in the market is by investing and if we don't have the capital, we can always mine coin for free and earn.
What the hell did I just read, where's the conclusion?
The sister can earn a good amount of money by holding Bitcoin for long time, good for her.
While the young guy? there's no proof if he lost all of his money when he bought shitcoins and doing trades, more importantly you're creating this thread in trading discussion, but you're saying trading is bad lol.
The sister can earn a good amount of money by holding Bitcoin for long time, good for her.
While the young guy? there's no proof if he lost all of his money when he bought shitcoins and doing trades, more importantly you're creating this thread in trading discussion, but you're saying trading is bad lol.
He always tells himself the familiar phrase, "Wait for the right time..."
And the sister? She doesn't talk much; she just bought 1 BTC. Let those guys' bodies lie where they fall.
Don't be like that young guy...
And the sister? She doesn't talk much; she just bought 1 BTC. Let those guys' bodies lie where they fall.
Don't be like that young guy...
It's important to hold Bitcoin if you want to gain from the market, you can be trading or investing in many altcoins and also make profits but you'll be missing out on the profits you could have made from investing in Bitcoin. Altcoins hypes comes and goes, you might invest in this altcoins for the bull market but it won't give you profits. Some altcoins only give profits one time and they stop giving profit as they can't get back to the previous high prices.
Playing crypto without buying Bitcoin can be done as many individual have made profits from trading memecoins and investing with only altcoin but it would be easier investing in Bitcoin therefore it's important to own Bitcoin while you're investing in other altcoins and making profits from them. Sometimes altcoins don't give profits due to the bear market therefore investing in Bitcoin and altcoins are needed.
The experienced crypto guy is like someone studying forever but never graduating. He complicates things with various strategies, while the sister, who's new, just holds and wins. The point is simplicity can beat overthinking in the crypto game haha
Your analysis resonates with that of the OP, meaning to say why take risks of buying new altcoin projects with the chances of losing money, while you can eliminate the risks by just hodling Bitcoin for the long term. It's a reputable and valuable crypto coin, which gives piece of mind to the holder because it's an asset that keeps increasing in value as the years goes by. It's easier for a newbies in crypto to start their investment with Bitcoin, it doesn't require much knowledge, if their ready for the long hodle, it's just buy, monitor price on their wallet, and when it pumps to the level where they want to sale, they do so and make profit. No much technical analysis needed for Bitcoin investment.
It is not everyone that likes to trade bitcoin while others like to hodl only. Hodling doesn't cost anything only just to keep the coin in your wallet and I believe that is why most prefer hodling it. There is something about hodling that is to be considered because you can't just hodl without looking at potential volatility or bull except for those whose hodling is not for the purpose of instant profit, so hodling for profit is done around halving season for those who are serious minded for profit. Trading is risking and not done by everyone.
An investment without a concrete plan or just doing it simply ends up with nothing. Most of us just know how to buy and sell, but never know how to save.
It is just like being an employee, if we don't know how to save and budget our salary, even spending our whole life working we still end up empty.
- Make a plan
- educate ourselves about financial management
Knowledge is power but most of all, the application of what we have learned and following our plans seriously. We can't find success if we go elsewhere.
It is just like being an employee, if we don't know how to save and budget our salary, even spending our whole life working we still end up empty.
- Make a plan
- educate ourselves about financial management
Knowledge is power but most of all, the application of what we have learned and following our plans seriously. We can't find success if we go elsewhere.
I have friends who have been waiting for the right time since the price was $5,000, $7,000, and $11,000, and they believe that the price will drop, so they bought when the price was $44,000 and $60,000 to sell at $22,000. Anyone who waits to buy at the right time is hesitant and ends up... It means buying emotionally or at the wrong time. Therefore, the best time to buy Bitcoin is when you are ready for long-term investment then time will not be a problem for you, but if your purchase is short-term, then timing is important.
OP, everyone has their choice to make whether they are to invest and hodli or be a crypto trader. What really matters in the market is that you can make profit for yourself either by holding or trading. What I will advice is that anyone that is new into crypto should buy bitcoin and hodli for a long term, because that investor has high possibility of making profit. Any new investor that comes into the crypto space and don't want to buy and hodli bitcoin, and decides to jump into trading, he will likely run at loss due to lack of knowledge on trading and lack of trading skills. It is easy to hodli bitcoin than trading, because you don't need any skill to save your money in the traditional bank.
Well, based on the OP's statement, the guy is trading coins, bitcoin, shitcoins, and memecoins, and the sister is doing HODL, but based on the OP, the sister is more successful than the guy. Well, it depends, because for me, both trading and HODL are profitable as long as you are doing them with knowledge. Yes, trading is very hard and risky and has the chance of losing money, but it's the same as holding assets, because if you buy a coin in a bad position, you will lose your asset as the liquidity can't keep up. There are also more traders who are successful than those who hold coins, because some holders of coins just buy coins without knowing about them, so I think the success of the crypto industry depends on the knowledge and skills the investors have. If the person or investor will invest first in acquiring the necessary skills and knowledge, then there's nothing possible in crypto.
Instead of HODLing $BTC like the sister, he buys a bunch of shitcoins, uses leverage, delves into micro and macroeconomic analysis, technical analysis, and creates charts that reach the sky.
So he really doesn't have any experience at all, it's just like the way you described, even though he studied a lot but couldn't apply the knowledge. The problem is simply that someone is influenced by the market, and compared to someone who is not too busy focusing on investments. Just like how @LogitechMouse mentioned
Quote
" "JUST HODL" and "DON'T TRADE" if you don't know how to."
I see that even if it is not bitcoin, the final criterion that the OP mentioned is still profit. There can be many approaches, but there is no need to impose too much on yourself to hold bitcoin to see profit. . And the reason why we will ultimately choose bitcoin over something else is the risk/reward balance when approaching it.
The experienced crypto guy is like someone studying forever but never graduating. He complicates things with various strategies, while the sister, who's new, just holds and wins. The point is simplicity can beat overthinking in the crypto game haha
As far as I know no matter who plays bitcoin and crypto nothing can be done without knowledge. Without proper knowledge investing in the market and doing nothing will bring high risk. Knowing the risks and analyzing the market properly there are good coins in altcoins that will give very good returns. All investors know that bitcoin long term investment is a great opportunity to profit in good crypto. Many have made profits by trading.
I've been in the crypto industry for a few years, but I've never been able to hold Bitcoin long-term; instead, other cryptocurrencies really give me profit. Bitcoin also helps me in other things, like being paid here in the signature campaign that includes it. Second, since I am being paid in bitcoin, the trading pair Btc-usdt is able to buy other crypto because of this.
This means that I can use Bitcoin to exchange other stablecoins for other cryptocurrency trading pairs so that I can get a profit if I do trading activity. Because of the field of cryptocurrency, we can make a profit not only in Bitcoin but, of course, in other altcoins.
This means that I can use Bitcoin to exchange other stablecoins for other cryptocurrency trading pairs so that I can get a profit if I do trading activity. Because of the field of cryptocurrency, we can make a profit not only in Bitcoin but, of course, in other altcoins.
if I buy bitcoin hold it in the exchanger in stake so I can get additional returns.
if in the addres, yes, most of the results of the signature campaign or bounty. if buy I never send it to a personal addres because of the sending fee, what's more, when the bitcoin price is expensive, the sending fee is calculated to be expensive too. so it's better to stake it in the exchanger at all.
crypto players must have had bitcoin whether they got it from airdrop bounty faucet or signature campaign must have had bitcoin.
Not your key , not your bitcoin mate, yeah staking will generate other layer of profit but the risk? if in the addres, yes, most of the results of the signature campaign or bounty. if buy I never send it to a personal addres because of the sending fee, what's more, when the bitcoin price is expensive, the sending fee is calculated to be expensive too. so it's better to stake it in the exchanger at all.
crypto players must have had bitcoin whether they got it from airdrop bounty faucet or signature campaign must have had bitcoin.
are you ready to what may come any time soon that the exchange may ve hacked or shut down , so for me
since you are trusting bitcoin then it is safer to put them secured in cold/offline wallet so it is yours till time
comes you need to cash out.
staking for me is only best if you are in altcoins specially shitcoins that may be die so you are
gambling both , gamble in staking , gambling in exchange, gamble in the currency but the return might be huge
that you can see lighting your life .
~
Don't be like that young guy...
To make it short, "JUST HODL" and "DON'T TRADE" if you don't know how to.Don't be like that young guy...
If you want to go the safer route, just buy 1 BTC, and hold it. If you want to earn more and go the riskier route, go play with Bitcoin and other altcoins out there. Learn to trade.
In the OP's story, the one who plays is the one who loses while the other who hasn't gotten stressed that much compared to the player is the one who earns more. TBH, this is a subjective topic because you can play, and end up victorious. It's all about luck, decision-making, and patience. The girl is patient enough that's why she's the one who ends up earning more.
What is the moral lesson of the story? Just HOLD, but for me, focusing on holding isn't enough, but learning when to sell as well. Just don't HOLD, and HOLD, and HOLD, but sell it. Don't fall in love with your assets.
I'm sure that there are a lot of crypto veterans that are don't hold bitcoins but making profit in crypto. Bitcoin is a good hold but I think that the profit return is not as much as good as before, compared to the new altcoins nowadays that can easily go x5 during the bull market. Choosing the altcoin you hold is what matters knowing that holding shitcoins would mostlikely put your money on a grave. I can't blame those people who doesn't have bitcoin especially those people who are trading or actively rotating their funds to generate more.
I'm sure that's going to be the case but I don't think that any sane trader and a veteran one at that would do something like not hodling bitcoin, I'm sure that they're going to have a lot of bitcoin that's just for hodling and then there's also for trading, they would know that hodling bitcoin for the long-term would be a good thing for them because it's a guaranteed profit that would assure them more trading funds in the future in the case that they either run out due to losses or for wanting to increase what they currently have for trading funds. Trading altcoins is a risky thing, there's a lot of "shitcoins" out there like 9 times out of 10, someone's going to step into a shitcoin and wrongfully invest in it and they don't know it yet.Same experience with OP here.
Because before, my experience is also like this. Even though I have Bitcoins before, I tend to convert them to altcoins especially new altcoins and already dead altcoins. It was my biggest mistake, after that I already learned the lessons.
I can only imagine the pain and regret, hopefully you're in a good place already for this kind of stuff. Because before, my experience is also like this. Even though I have Bitcoins before, I tend to convert them to altcoins especially new altcoins and already dead altcoins. It was my biggest mistake, after that I already learned the lessons.
Same experience with OP here.
Because before, my experience is also like this. Even though I have Bitcoins before, I tend to convert them to altcoins especially new altcoins and already dead altcoins. It was my biggest mistake, after that I already learned the lessons.
Because before, my experience is also like this. Even though I have Bitcoins before, I tend to convert them to altcoins especially new altcoins and already dead altcoins. It was my biggest mistake, after that I already learned the lessons.
Not all those who profit from bitcoin are actually hodling, some may just buy and sell for short term, or trading like what majority are doing in the crypto space. But if you are trading and at the same time hodling for long term, then that would be more beneficial for you as you are seeing a multi source of profits in the future.
However, not all those who come into crypto have the same mindset and have received the same opportunities like others. Some may have no patience to hold for years so they resort into day trading and expect immediate profits. And others may have no reserved money for hodling as they are in tight budgeting, so if they seek for quick and bigger profits, then trading is the key. But we all know that not all traders are profitable, as those who trade without learning experience mostly fail and only suffer from consistent losing.
Nevertheless, at least we know in ourselves how to take advantage with bitcoin. It can be trading or investing or just trying to take an edge on its technology, that depends on your own preference. What’s important is we never let bitcoin opportunities sleep until we missed the trend.
However, not all those who come into crypto have the same mindset and have received the same opportunities like others. Some may have no patience to hold for years so they resort into day trading and expect immediate profits. And others may have no reserved money for hodling as they are in tight budgeting, so if they seek for quick and bigger profits, then trading is the key. But we all know that not all traders are profitable, as those who trade without learning experience mostly fail and only suffer from consistent losing.
Nevertheless, at least we know in ourselves how to take advantage with bitcoin. It can be trading or investing or just trying to take an edge on its technology, that depends on your own preference. What’s important is we never let bitcoin opportunities sleep until we missed the trend.
The best advice is, if you do not know the basics of technical analysis and risk management, then HODLing $BTC, because simply the performance of your investment portfolio will not be good because of your risk in a high-risk asset and without sufficient knowledge. In return, Bitcoin grows on the basis of the dollar annually, and long-term investment for more than 4 years is a good return.
OP, To continue with the family metaphor, we just have to say that the family supports each other, some will be more successful than others, but you always have to be there, there's a saying: "when the chair loses a leg, a brother or sister saves you."
On the other hand, for one of the comments mentioned above, we have had a month for traders, and a year for those who hodler, yeah, a year ago we had bitcoin at +$16k, and January has been excellent for who knows how to move between volatility spikes (candles),traders.
On the other hand, for one of the comments mentioned above, we have had a month for traders, and a year for those who hodler, yeah, a year ago we had bitcoin at +$16k, and January has been excellent for who knows how to move between volatility spikes (candles),traders.
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