Topic: Playing crypto for many years without holding Bitcoin. (Read 825 times)

     If there is someone else here who has been in the bitcoin industry for a long time and yet he doesn't save bitcoins instead of other cryptocurrencies, this is his priority because he sees it as a bigger benefit. I think so, and I don't see anything wrong with that.

     Because here in the field of crypto space, we can see many opportunities, not only in bitcoin. Yes, most people know that Bitcoin is proven and tested, but there are also many who say that you should not put too many eggs in one basket; you should also use a different basket.

Crypto knowledge is very important to crypto users to have before going into the investment because, if you fail to have the knowledge of BTC and crypto be ready to lost in your trading because nobody will force you to trade when the market started pumping because you have to apply your knowledge to know it is time to earn from the market.

 When you are bold to take the risk on a potential altcoins in the market, you can make a good profits that will make you to see yourself as a good crypto trader which is what every trader wish to become as a trader.

Of course, everyone who buys Bitcoin really wants a profit from holding a number of Bitcoins that they have collected and after they buy it and experience a decline of course they must be able to take the opportunity to buy more if they still have the funds to buy it and don't let them sell in that condition so they experience losses due to selling at a low price and they must always analyze first before deciding to sell again whether they have made a profit from holding it or not and if it is not profitable, it would be better for them to keep holding it for a long period of time so they can make a profit.

Everyone that buys bitcoin have an intention and reason why they bought the coin, so whatever depressing does after buying it on the passing detriment, you can decide to hold or you stake. But most important thing is that everyone that buy bitcoin intention is to make money,aside from those who buy for making personal transactions.
You can decide to stake in the exchange or you hold. Whatever you decide that better for you

This is unfortunately true and many people fall for this, it should be something we talk about a lot more, holding during the bear market is something that gets talked a lot, but people who do not hold during bull period is also a problem. I get that you saw it at the bottom and you felt terrible about it, but that doesn't mean that you are going to end up with something magical just because bull started.

For example, if you are holding right now, then you should keep holding, who knows maybe even for another whole year, that would be a lot better, but there are so many people who already sold, because it went up. You will see, there will be a correction, which will be proof that a lot of people will sell earlier than they should.

This is a big mistake and we fail to understand what crypto really is, people are in this for bitcoin reasons and if they never hold bitcoin then we lose the ability to make money freely.

Trading assumptions always look at how they can generate profits and in practice, even though they are very experienced, someone will definitely be faced with losses at certain times. Then a holding appears that is much more profitable and maybe people just think about buying and holding.

There are no big wins when people buy a lot of shitcoins although we see some people say they have made big profits. It is much more difficult for someone who does not have the skills of micro and macroeconomic analysis, technical analysis, and making charts because they will face a psychological test when the shitcoin they buy is not able to provide profits and instead the price drops from the initial purchase.

Holding bitcoin is always profitable and people don't need to study too much because what is needed is calm and not panicking when the market experiences a sharp decline. Once that is passed, they will go overboard like the prices we have seen in the current few weeks.

This is like trading with demo accounts which certainly is different than trading with actual account and real money.

Because with real money, money from our pocket, our psychology will be different than trading with a demo account. We will be fearful of losing money, become panic, being greed with profit and all of these potentially trigger us to make bad decisions. In demo trading, we don't have all these factors and our decisions with demo account will be more accurately.
Awesome crypto trading.

Choose a good wallet to use
https://bitcoin.org/en/choose-your-wallet
Reminder: do not keep your money in online accounts

Analysis without investment doesn't make any meaning that is why a bitcoin lover who is keen to join investment doesn't wait for know everything including Technical analysis and whatever he may think he needs before starting their investment to me what matters is for the investor to go buy and hold. At first the important he should know is the kind of wallet he should use to hold bitcoin for long term and security level of that wallet, when people gives them the right wallet then it's left for that person to delve into the investment without waiting much more provided that the person knows about the volatility level of bitcoin the better it enables you to buy more quickly than following chart/TA before investment.

That's true.

Those that sell whenever they need to have some cash, it's their life savings as treated like their bank savings. When people say that they don't sell, I doubt it that they don't really do.

We're all selling at the right time when we think it's the satisfying moment and price that we have to. Because whether we like it or not, someone has got to sell for their own needs and wants that they want to purchase.

holding a bitcoin is good and while majority of investors hold bitcoin is because it has a reputation and it reputation is incomparable, why some of the altcoins you may choose to hold instead of bitcoin may not survive a bearish market when we experienced a long duration of bearish season, that is while is good for we to ensure we have selected a coin that have a potential especially in altcoins, not all the altcoins can gives profit depending the elongate of bearish season.

It's a good idea to stake it in exchange, but what makes people to be afraid of exchange is because it can be attacked at any point in time, and if hackers happens to penetrate through the exchange all the coins or bitcoin that stake by people is gone, its a few exchange survive to come back when they attack them, that is why many people only left a bitcoin they will exchange only in exchange and nobody who save its coins in exchange knowing that anything may happen to the exchange unexpectedly.

Systematically, bitcoin have a normal time frames for you to purchase a bitcoin, the best time to purchase a bitcoin is when the price falls above the initial value, because the price of bitcoin interchanges and it can decide to be going more up instead of falling, so basically bitcoin price can change any point in time, anyone that wants to invest in bitcoin should cross it mind and invest in bitcoin let the person should not have a specific price in mind bitcoin will fall before investing in bitcoin. Because the more you are thinking of more price the more the price is taking another dimension.

When we say take something as a pinch of it/salt, it means we shouldn't totally believe on it but what you said there is not unbelievable. Hodling is not easy and we all know the people, we are always greedy about money or earning a profit. In fact, many of us can't HODL their Bitcoin even on the beginning of the bull run, like what we are experiencing now. They can't help but to sell it earlier or before it. Other than greed, there is also doubt and fear that what if Bitcoin will not recover and rise anymore? For those who only sell whenever they need money, these people are already treating their Bitcoin's like a saving more than an investment.

You're right holding Bitcoin would be like a missed opportunity, given its track record. However, focusing solely on Bitcoin and overlooking the potential in diversifying your portfolio with other promising assets would also be a lost opportunity. I think that balance is key. Ignoring Bitcoin entirely is unwise, but so is putting all your eggs in one basket, sure you will make a profit with that approach but you could also make so much more if you're invested in others as well. I believe that wise investment involves a mix of holding solid assets like Bitcoin and exploring other opportunities cautiously.

If you would like to discuss this further, you can contact me via my Discord: https://discord.gg/dCvaBZWNcG

I agree, leaving BTCon an exchange is far too great a risk if you offset the few percent of "interest" from the deposit. There have been enough exchange hacks or similar problems in the past where customers' coins were irretrievably lost. That would be far too risky in my opinion.

You always have to keep in mind: If you deposit BTC on an exchange, they belong to the exchange and no longer to you. You only own the coins if you actually have access to the key of the wallet -> Not your keys, not your coins.

Hodling Bitcoin, alone just requires basic knowledge of how to protect your wallet from hack, keeping your seed phrase offline, somewhere safe and secured so it'll not be compromised, don't leave your coins in a centralized exchange, always keep it in a none custodial wallet, because if it's not your keys it's not your coins. And finally follow crypto news to know when it's bull or bear seasons, to know the best time to sale and make profit, not much technicalities required. It's more tasking and hard to trade cryptos, because you need to learn fundamental and technical analysis, even with the knowledge, you can still lose in trades. Also there many scam projects in the crypto space, to buy them can mean gambling your investment capital, except it's top altcoins. Investing in Bitcoin alone is what any investor that doesn't want to be too technical about the crypto space should do.

Bitcoin was never designed to be kept in an exchange or stake your bitcoin in an exchange, and it is very risky because you might end up losing your bitcoin. Transaction fee increase due to rdinals then shouldn't be an excuse for us not to keep our bitcoin in a self custody wallet. There are a lot of risk attached to leaving your bitcoin in your exchange. Don't allow the little profit that the exchange promise to give your enter your head, because they will do whatever they like with your bitcoin, and what if the exchange pull an exit scam or got hacked, you lose.

In my opinion, the new ATH is imminent and could fall as early as today. ATHs in other currencies such as the EUR or the pound sterling were already reached yesterday and we are currently only a few percentage points short of the 2021 peak.

It will be exciting after the ATH. Is this a sell-the-news event in the course of the halving or will the trend continue? In the past, Bitcoin did not take particularly long to double in value after reaching the old ATH ...

Most people don't buy Bitcoin because they don't have much money beside they want to make a big profit from crypto. Bitcoin currently takes 2-3 years to double, but meme coins may multiply by x100. People enjoy gambling.  

This topic is quite old already, I hope the OP is doing what the sister did, now that we are nearing the ATH.

For everyone who is waiting $69,420  , are you part of it? 

Those who choose not to invest in Bitcoin certainly have their own reasons and they have a good understanding of how to profit from altcoins and of course dare to take bigger risks for the easy profits they can get and also the possibility of losses if they make the choice the kind of altcoin they can't profit from.

I agree with what you say, it feels incomplete when someone has invested in crypto and has not invested in Bitcoin for various reasons and the risk of investing in Bitcoin has a lower risk compared to altcoins, collecting Bitcoin using the DCA method will indeed be very big. big. big. profitable if we can do it well, because we will be able to make a profit if the price rises and we have collected according to our abilities.

Most people don't invest in bitcoin because bitcoin is too expensive so they switch to altcoins and can look for altcoins that fit their budget, and altcoins can sometimes produce multiple profits but can also reduce losses in a short time so it's not surprising that many people interested in altcoins besides they also like Anderlain like this, that's why they don't invest in Bitcoin.

In fact, if we already know crypto completely, investing in Bitcoin is something that must be done because Bitcoin will make our finances better in the future. Even though the price of Bitcoin is expensive, we can do it using the DCA method. I'm sure those who don't invest in Bitcoin will regret it later, especially as the price of Bitcoin is currently slowly rising, perhaps in the near future it will create a new ATH.

To be a crypto investor it is not essential to buy bitcoin. People suggest purchasing bitcoin because of its high liquidity and because it is less risky than other altcoin projects. There are people who have never bought a single bitcoin in their life and many of them have been in the industry since the early stages. There is no guilt in accepting that because, whether bitcoiners or non-bitcoiners, we are all here to make money. Crypto has become a high-risk, high-reward investment sector which is why we are seeing lots of young people in the industry.

When I've said sell, I think it is normal for each and everyone of us to have a pinch of it and sell if you ever need it. I'm not saying that those that are firm in holding should sell if they don't have to. But those that have to sell at those times if they need to, are free to do so.

I have myself ready to sell some and have a part that will be held for a very long time, no time span when I'll sell. I'm actually both, a trader and an investor and you're right about increasing fiat because I've got some needs to address and that's why I have plans of selling but not all that I hold.

I can't leave your sentence as it stands. Many of us, especially the old hands, have no interest in selling our Bitcoin and will certainly not do so. Bitcoin is so much more than an object of speculation that you can easily sell for a few dollars. The following article is very good and highlights the main points why Bitcoin is so important: Why Bitcoin is Not a Speculative Asset


Since we are also in the trading section of the forum, it has to be said quite clearly that it makes no difference to a trader whether he trades Bitcoin, shares, gold or precious stones. The asset itself hardly plays a role, the market movements are important. However, the goal of a trader is usually to increase FIAT and not the asset he is trading.

Yeah, don't be like that guy that have been on the market for so long but didn't able to save Bitcoin.

That's one rule when you stay on the market. You should have the desire to save Bitcoin as much as you can. It doesn't require you to have that much but if you did nothing to save then what do you call yourself?

Everyone is striving to own Bitcoin and does everything in their capacity so that they can hold Bitcoin and sell when the bull run comes on the peak or even the closest price from there.

I think many would like to own bitcoins, but not everyone can afford it unless they buy fractions of it. Still, I believe there are many potentially good altcoins where one can hold for the long term and make a good profit. However, on the subject, I agree with you, not everyone in crypto owns bitcoin because in my opinion the price is too high.

In hindsight it is easy to see what would have been the best move that you could have made, but when you are going through that situation is really difficult to see the correct move and have the confidence to actually do it.

And while this could put you in a difficult situation, at the same time as long as you can remain as part of this market, then at some point things will improve, even if the situation you are going through right now is far from being the best scenario possible for you.

Honestly, the crypto world is filled with a lot of people who have made mistakes. I can even show myself as an example, I am in horrible debt right now, this month has been specially bad, I am crushing under all this weight, and the fact is that, I have been here for many many years, if I bought early on, I could have been super rich and not worry about a single thing.

So, from potential millionaire to someone who is crushed under weight of debt, it is clear that we are not going to end up with an easy blame, you have hard time blaming yourself, but that's just the reality. So all in all, I think it's easy to ask around and find many people who have a lot of regrets, that's just how the life in crypto is and will forever be like that.

This analogy perfectly conveys an important lesson about the simplicity and effectiveness of the #HODL strategy in the world of cryptocurrencies. Sometimes constant analysis, complex strategies and the use of leverage can create more problems than they are worth. Adopting a simple, long-term view of investing such as "HODL" may prove more successful in the long run. It is important to find a balance between an informed approach and avoiding unnecessary complexity.

I see you made a comparison between holding the Bitcoins and using other coins to trade. The example that you have quoted here can be interpreted differently. We shouldn’t compare the both. Rather both are completely different. Holding Bitcoins cannot be considered as trading. Here you don’t make profits or losses regularly and the return of the investment is also low. But if you use other cryptocurrencies and trade frequently then you take the risk in higher terms and also make high profits regularly.

That's a terrible thing and will only lead to regret in the long run. Watching from the sidelines without having any skin in the game is not a good idea and can be changed easily. We don't need to go and buy 1 BTC directly, owning at least some coins can already make a big difference. DCA method is the perfect tool for people that are unsure when to buy and have waited to long in the past to make an investment. You set aside a fixed amount to make purchases every month without thinking too much about the timing or the price. Over a longer period of time DCA leads to great average purchase prices and with the long term trend of bitcoins being positive, this will lead to a good profit when held long enough. So, I would recommend anybody interested in cryptos to own at least some coins. And if you speak publicly about cryptos, put your money where your mouth is. Nothing worse than speaking about potential profits we could have made, because the only person you are lying to us yourself.

I have never had such a profit, which amounts to thousands of percent. Even when I initially decide to hold a coin until the price reaches a certain level, and then I see how the price has increased by 50-100%, I usually sell such coins completely and look for a new one that can potentially also increase in price.

We do know that men are really that adventurous on which they would really be tending to touch up those things that others doesnt really want to touch. We do really love on having those challenges and also
we do really love to explore into those possible ways or methods on which we know that we could potentially be able to make profits or money if we've been able to done it right. Yes, it isnt simple but its not impossible on which this is why some people would really be loving on touching up those grounds even they do know its risky. Some could have that allocated for some bull run or moonbags but some do really
love on getting those all in kind of behavior on which its something not shocking on why people do end up on having no holds when the bull market happens.

Its true that to those who dont care that much on which simply buy and holds for long time without bothering themselves on touching up those other things
are the ones who do really benefit the most but of course it would really be still that depending on how much that they had invested or allocate.

This looks cooler than just buying and holding it for the long term  , I mean maybe they think that because by just holding there is nothing to show off every day, it's different if you trade every day when you win you can show it off but if the results are the opposite then don't show it off.
We can see how many traders show off their results when they can profit from leverage or daily trading on the spot, but long-term hold Bitcoin will actually hide it. Almost no one knows that they have Bitcoin because the more public your assets are, the closer you are to criminal acts because you will become the target.
And the mistake traders or investors make is when they don't have Bitcoin and only focus on altcoins, because smart traders or investors only use altcoins as a way to increase their Bitcoins, not increase altcoins to make a profit.

Therefore I prefer to choose both between trading and investing. I have divided my capital into two, so that all opportunities as you describe can be achieved. we don't know what will happen in the next movement, and in cryptocurrency sudden movements often occur, so there will be more regret in every decision we make. therefore we must have the right strategy to anticipate it

This is something plenty of people do, it is not really a shocking new information. There are a lot of people who just trade bitcoin, or in general trade crypto, whichever coin they want, and they do not hold any of them for too long.

And there are also a lot of people who just hold long term, and they do not trade at all because they are long term investors. Both sides do exist, and they are living in their own corners of the world with peace, everyone is happy with the way things are going for them. I get that it may not feel all that great, but it is definitely a situation that people are fine with and I think it has to be a bit different eventually to have a bigger change, it has to be a little bit cooled down for that to happen.

If he is a trader who usually takes profits between 5% and 10%, then he will never earn more than his investing brother. Traders will usually take quick profits instead of holding them longer, and they often regret their decision when the price of the coins they sell increases thousands of percent in the next few months.  This is one of the reasons why sometimes traders are not richer than holders or investors, they cannot stop themselves from selling when the coin price rises by 5% to 10%.

Spending day after day in crypto but not buying or trying to buy bitcoin can never be the act of a wise man.  Buying a Bitcoin can be overwhelming for many people.  But you can buy some amount with regular strategies. It will be long term but it will be good decision I think. Better to buy at least 0.001 amount of bitcoin with that money instead of investing in different meme coin, sheet coin.

You have given two extremes as an example, but undoubtedly trading is much more complicated than just holding. In the end, among this multitude of shit coins, he could purchase such an altcoin, the price of which would increase by thousands of percent, and in this case his investments would be more successful than his sister.

Go to social media and you'll see bunch of crypto influencers flaunting their profits in trading and in altcoins holding.

That's good for them but many of them don't hold Bitcoin and so, they influence the other folks that are new on this space not to hold Bitcoin.

They follow the wrong crowd, the wrong folks but soon they'll get to learn it with themselves that even if they're staying for too long, the market's sentiment is always with Bitcoin.

At least you realized your mistake and you have changed your ways since then, but this is not very common, once a person believes in something it takes a massive amount of effort for them to change their minds.

In consequence those people keep trying to prove they were right, and if you were to suggest that they may have been wrong on their assessment of this market they may even get offended, making almost all efforts to convince them a waste of time, and we can only hope that at some point they realize the mistake they have made.

Well cryptocurrencies not only Bitcoin and Holding Bitcoin is not mandatory so it's fine I guess but at least he knows what is Bitcoin, who created it and the history behind Bitcoin because Bitcoin is like the face of cryptocurrency. It's weird if someone playing crypto without knowing Bitcoin. I love to hold cryptocurrencies but never think to hold 100% my portfolio only Bitcoin.

I have been involved with crypto currency for a long time but in the beginning I was not able to use the correct coin at all. When I was new to cryptocurrency I sold my investment after investing for a small amount of profit. After buying bitcoins if price dumped a bit then I sold again bought again sold at some profit but initially I failed to hold bitcoins. Gradually my knowledge about different coins increased a bit and my idea about investing started to change a bit and since then I tried to think deeply about investing. After reading for a long time I thought deeply about my investments and holding bitcoin deeply but after holding deeply I realized I should have done this long ago. If I had made a long-term investment plan when I got involved with cryptocurrencies, I might not have regretted the past.

there are indeed many people that venture into cryptocurrency just for the sake of speculative nature of many altcoin and never ever accumulated bitcoin.
but I think thats valid reason enough because most of people are interested in trading cryptocurrency because it is more fluctuative than stock in the first place they want to get rich fast so they definitely need to resort to using investment that are fluctuative, rather short term holding, even though undeniable if they had accumulated bitcoin at the bearish phase where the price was hitting very low right after the ftx crash back then they already profitted double if not triple and that with low risk since if there's any coin out there that gonna get delisted its definitely not bitcoin.
since the market cap domination is rather high with bitcoin even trading volume is just simply in another level if compared with other coin.

There are actually people who just want to venture into the crypto space but have no plans in hodling bitcoin. As long as they’re profitable to what they are doing, then there’s no reason anymore to invest and hold. However, bitcoin hodling is still the safest and the most guaranteed option to be profitable in the future. The rest of it will only give you short term profits temporarily and after that you cannot assure already if you’ll still be profitable in the next days and months or years. At the end of the day, only the long term hodlers still end up winning and profiting while some are already in consecutive losses.

traders are very different from investors and from your story I see that the brother is an active trader while the sister is an investor or holder, but the biggest mistake of the brother is that he doesn't have bitcoin at all, if he only focuses on shitcoins but doesn't focus on build the stability of its assets by investing in bitcoin
out there there are many cases like those brother, they don't have bitcoin to hold, they only focus on trying to trade with bitcoin, portfolio diversification is very important, never just focus on one crypto asset, invest in more than 3 or 4 more crypto assets OK, and the most important thing is never miss Bitcoin.

You need to see with financial side why many veteran of cryptocurrency trader without holding bitcoin, lack financial difficult for some one although have been ten years know with cryptocurrency but there are not bitcoin assets holding in their portfolio. Possibility difference with some veteran have know bitcoin more longer time and supported good financial will hold many bitcoin in their wallet and selling later on the higher price. The same with my position, I know bitcoin since 2016 but I don't have much money and not any bitcoin hold in my wallet but losses money with investing shit altcoin.
Could be lesson for the future as veteran or not must hold 1 bitcoin and hold it for long term, actually will profitable in the future and bitcoin price potential make more higher.

In my opinion, there is nothing wrong with the man trading, because it is not necessarily the profit that the woman will get. We know that altcoin trading sometimes makes big profits in a short time while the woman has to wait a long time to make enough profits. big, both of them are not wrong, it's just that the circulation of money that the man has is much bigger

Not everyone is interested in investing - many of them may only be interested in trading. A person's interest in the crypto industry is basically the same – they expect profits, but not in the same way. So - IMO, don't blame any of them just because one of them managed to make a profit.

Traders basically know what they are doing is riskier than investing and holding - but it's about interests and we all have no right to change those interests just because they don't suit us. So in my opinion – let them be creative with their own interests, but giving them constructive points of view and advice is never wrong.

The guy is not a typical investor - but he is a trader who tends to like leverage. There was nothing wrong about them - it was just that he needed to change his ways, not his plans.

The only thing that I see from this guy is maybe he is anti-bitcoin per se, that's why he doesn't buy and HODL it simply as that. Because if he has relearn from the moment he invested his money and time, then he should know by now what is the right crypto to invest.

Or maybe not wait for the right time mantra, but instead, he thinks that he can invest on shitcoins and meme coins and turn him into millionaire, in short get rich quick scheme. Maybe we have heard that already, but I don't think it's for everyone to really become a instant rich just because they chooses shitcoins ove bitcoin.

This is your strategy and it might work for you or mightn't, every individual success won't come from the same way but I want to advice you to also buy Bitcoin. If you have $1000 that you want to invest for the bull market, share the money into Bitcoin and altcoins. Invest $500 into Bitcoin and you can't lose that amount regardless of what happens as Bitcoin investment are more reliable. Invest the remaining $500 into altcoins and you can also divide it $250 each into potential altcoins and memecoins.

Don't put all your investments into just altcoins as you don't know which altcoins will make it out of the many altcoins that are trading in the market. Many individuals always make this mistake and they regret after the bull market is over as they didn't make any profits but got left with holding worthless altcoins. Divide your money, invest in both altcoins and Bitcoin since you want to buy altcoins to fulfill your goals.

I'm exactly the same as that young man, I've known about crypto for a long time, but I never thought about saving bitcoin until now, I first got to know bitcoin at a price of $900-$1k, I ignored it, and I continued playing with Altcoins, I once held 0.5 bitcoin and I immediately sold it, so at this moment I thought that if I had kept bitcoin and never sold it, of course I would have been a rich person by now, is it still worth repeating a moment like that?

I can't understand the thinking of this things. For a trader the most important is getting profit. By holding only bitcoin a person will miss a lot, lot of profit. Unless you use bitcoin for other than getting profit

I get the point you want to make in this regard. Because when it comes to Bitcoin, there is 100% no doubt we will really have a profit here if our goal is long-term investment. Even in the short term, it is possible as long as we really have knowledge about trading, but if it is not enough, then don't do it in the short term instead of the long term.

Honestly, Bitcoin is not my priority for now, because if I save bitcoin now, I won't be able to reach the profit I want in the upcoming bull run. Of course, I have a goal that I want to achieve, and I see how to achieve it and make it happen. My goals are possible through altcoins and meme coins. And I am confident that I have a way to market the potential altcoins and meme coins.

What ends up making most people fail when they come to this market is the amount of risks they take without really realizing what they are doing.

After all the volatility of bitcoin is already so high that you can make in bitcoin in a single year what it could take decades to achieve on the stock market, but people choose to trade instead of investing, they use leverage and they pick shitcoins instead of bitcoin, and when you add all of those risks together, it is not surprising that those people lose their money.

Yes, holding or investing is not the only way to earn a profit here in crypto but there is also trading and as well as playing gambling in a crypto casino (only to name a few). Crypto veterans are skilful enough to engage on these two risky activities. BTC is still a good coin and it even gets better once the adoption widens because that means more people will invest and the value of it will rise very high.

It's funny on why you and others thinks new altcoins are better than it when most of them don't even last longer lol. BTC is highly volatile so it's also very ideal for trading. This alone is already risky. No need to elevate it by picking other cryptos.

Holding Bitcoin in exchange is very risky. Although very risky but for our own convenience we keep bitcoins in our exchanger wallet. Like you, I keep my bitcoins in an exchange account. Also I am investing using DCA method that too in exchanger account. I don't keep bitcoins in my own account now because sometimes have to sell bitcoins to solve family problems.  Selling bitcoins costs more than double the fees of sending from your own wallet. I think when the market may go down I hold the USDT and if the market goes down I buy Bitcoin and I make a profit there as well. There are many old crypto players who have been here for a long time but could not invest. There are many people like OP's brother and sister story.

There's nothing wrong in hodling though.

Looks like you're jealous of your sister making profits by just hodling bitcoin while you're wasting your money in shitcoins. Well, if your forte is to play just what you've said, then so be it. You don't have to compare or judge others decision just because it's different to yours. We have our own safe zone, or should I say comfort zone, we have to respect that.

Even when the trading was not bad, each trader can spoil the image of the trading in the eyes of other community investors here. But for people who do their research, their rants about trading don't work.

We know that trading helps a lot to people who believe in it, and this is the very heart of this field industry in the crypto space. Without the category of trading, there will certainly be no traders to call and no buy and sell will happen in the transaction that we will do.

Hodling bitcoin is not only the safest option to gain profits. Of course, it’s undeniable that some are actually making 5x to 10x profits from buying random altcoins in the market and trade them for short term. And even others are taking risk in shitcoins or meme coins because they are also showing promising profits. But at the end of the day, when these strategies don’t work anymore, bitcoin hodling remains the safest option. However, it’s always a choice for every investor to focus on bitcoin or altcoins to hold.

It only means that holding is better than trading.

But this depends on the person, if you're a very profitable trader then you'll never forget to invest in Bitcoin. Your profits will be somehow going to your holdings too.

So as you trade, make money from it and then you'll share a part of that profit into your holdings is the kind of investing-trading techniques that good traders have to remember.

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.

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.

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.

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.

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
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.

Not your key , not your bitcoin mate, yeah staking will generate other layer of profit but the risk?
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 .

To make it short, "JUST HODL" and "DON'T TRADE" if you don't know how to.
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'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.
I can only imagine the pain and regret, hopefully you're in a good place already for this kind of stuff.

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.

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.

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.

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 think staking your assets on an exchange is also not the best choice. that means you don't have any Bitcoins on hand.
Several years ago, staking assets on the stock exchange was quite popular. but after what happened with the exchange bankruptcy, it should teach you a valuable lesson not to put or leave any assets you own on the exchange.
I think you should consider losing a little on transaction fees rather than losing all your assets.

Op, everyone has their choice in planning investments. although the goal remains the same. whether they just want to focus on Bitcoin or other altcoins. we must respect the choices they make themselves by accepting the risks.

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.

Playing crypto for many years without holding Bitcoin.

Like going to school for years but never graduating.

An experienced crypto player may lose to a sister who has never played before.

The sister who has never played thinks it's very simple. Just HODL #BITCOIN.

The seasoned crypto guy, overthinking.

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.

But he doesn't hold any Bitcoin.

The sister graduates without even enrolling.

The experienced crypto guy with years of learning still hasn't graduated.

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...