This principle works perfectly for all investment decisions: - page 2.

dzungmobile

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Quote from: Crypt0Gore on August 13, 2024, 08:03:54 AM

Holding is more safer than trading, meaning investment is safer than trading, and you don't have to know trading before you can invest especially in crypto coins.

Investment includes trading I can say so. Because with investment, you still need to do two things: buying and selling, combine them you will have trading. But with investment, you are not seriously buying and selling with high intensity like trading.

By this thinking, I disagree with you that people don't need to know about trading before they can start investing.

Awesome crypto trading.

Woodie

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Quote from: Yucky on August 12, 2024, 07:39:06 AM

Money left at hand or in the bank is a liability and this is the reason why the subject of investment can't be overemphasized because investment is the only way to convert your cash into a valuable asset.

It's only a liability if this money is attracting things such as maintenance fees, which is why some people avoid holding funds with bank's!!

And you are right about one thing, "investment is the only way to convert your cash into a valuable asset" simply put, you need money to make money!!

Quote from: Yucky on August 12, 2024, 07:39:06 AM

Investment doesn't work independently of trading. Before you invest, you first have to trade, and that's the key principle of a successful investment "You have to know what to trade for what"

You lost me here for a second... Are you saying everyone that wants to make an investment needs to know how to trade Huh

If that's a yes then I don't agree with you!

Crypt0Gore

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Just so you know, exchanging your Fiat into Bitcoin is not trading, its easier to spot trade your fiat for other assets and that doesn't make you a good trader, the comparison is night and day, also you mentioned that one need to trade before investing? That's so wrong.

Investing requires your fiat for an asset and you hold for as long as you want, but trading is using your asset to predict the market, meaning you can lose everything in a single day if the market decide to go against your prediction.

Holding is more safer than trading, meaning investment is safer than trading, and you don't have to know trading before you can invest especially in crypto coins.

Cryptohygenic

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To be frank, it is not abolishing or not a good thought of having our money stored in the bank or it feels discouraging to hold our monies of fiat but though, agreeably, money not ready to be in used or having bank as your monetary saving methods is a waste of time because it is either diminishing in values or it is stabled despite how long it might have been in there of the bank but when stored in bitcoin and give it such a long time, definitely it would provide you the benefits of valuable storage technology such as increase of values.

BIT-BENDER

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You have a good point just that you make it sound like once you invest in anything you would definitely be successful. It's actually easier to keep your money than to invest it. It takes another level of understanding and discipline to invest very well. I have seen people who were better of before the invested because they invested poorly and on the wrong things.

Top billionaires in the world today majority are investors either they invested in their own idea or some elses.

By best principle for investing is having your own plan, you need to have something you want to achieve (a target, a goal) this lays the background for every other things.

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Quote from: Yucky on August 12, 2024, 07:39:06 AM

Money left at hand or in the bank is a liability and this is the reason why the subject of investment can't be overemphasized because investment is the only way to convert your cash into a valuable asset.

Money will run out and your money will not be valuable if you don't make it an asset that can make it a hedge. The money in the bank with the purpose of investment is not yours but belongs to the bank with the terms and approval that you have signed. There will be a requirement that you must fulfill when you want to make a withdrawal.
And it is true that investment is the best way to turn cash into valuable assets, but don't deal with banks.

Ruttoshi

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Buying without selling is not trading and for anyone to invest you need to have a source of income which from there you can generate your capital from to invest with.

Bitcoin investment is the same, you must have a discretionary income in which you will use to invest in bitcoin and hodli for a long-term and at the same time grow your bitcoin stash to a certain level overtime before you can call it an investment because it is for the future.

One can invest in himself by gain a skill or degree in which he can use to earn a living in the latter.

uchegod-21

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Quote from: Yucky on August 12, 2024, 07:39:06 AM

Investment doesn't work independently of trading. Before you invest, you first have to trade, and that's the key principle of a successful investment "You have to know what to trade for what"

I don't understand how and where this statement is coming from. That before you invest, you first have to trade. Trading is just a different thing from investment and one doesn't depend on the other to happen.
One can be;
An investor;
A trader;
An investor and as well as a trader.
We should atleast be very knowledgeable of a principle before we teach others same.

Catenaccio

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Quote from: Yucky on August 12, 2024, 07:39:06 AM

Money left at hand or in the bank is a liability and this is the reason why the subject of investment can't be overemphasized because investment is the only way to convert your cash into a valuable asset.

Your money at hand or in bank, is not liability, I am sure with you about it.

It's only one problem when you leave your money in bank, it's not your money because the bank, government can seize your money in your bank account. It's very unsafe. It is like you store your bitcoin in centralized exchange and you don't have private key, hence you can lose your bitcoin anytime.

Reminder: do not keep your money in online accounts

Your money at your hands, is your money, before you lose it somehow.

Troytech

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Quote from: Yucky on August 12, 2024, 07:39:06 AM

Money left at hand or in the bank is a liability and this is the reason why the subject of investment can't be overemphasized because investment is the only way to convert your cash into a valuable asset.

Investment doesn't work independently of trading. Before you invest, you first have to trade, and that's the key principle of a successful investment "You have to know what to trade for what"

So here's how it works, you have to learn how to trade a less valuable item for a more valuable one. When we convert our fiat to Bitcoin, we are in essence trading what's less valuable for what is of value in the future. And there are lots of other instances like this.

It could be as gradual as trading your sleepless nights in school for knowledge and then trading the knowledge for some fiat and then trading the fiat for an affordable physical asset and then you can trade the physical asset for a good digital asset class like Bitcoin or something of that nature. The whole scope is to be ready to do away with an inferior item for a more superior one.

Last time I checked on the internet the definition of trading is - is the buying and selling of securities, such as stocks, bonds, currencies, commodities, and derivatives, with the goal of making a profit. Perhaps your trying to generalize the fact that everyone undergoes through the process of trading as long as they want to start their Bitcoin investment.

Your points are clear. What an investment needs at the end of the day is a successful investment whether he chooses to trade whats not valuable to purchase available assets. This principle is still not a guarantee for success in the investment.

Yucky

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Money left at hand or in the bank is a liability and this is the reason why the subject of investment can't be overemphasized because investment is the only way to convert your cash into a valuable asset.

Investment doesn't work independently of trading. Before you invest, you first have to trade, and that's the key principle of a successful investment "You have to know what to trade for what"

So here's how it works, you have to learn how to trade a less valuable item for a more valuable one. When we convert our fiat to Bitcoin, we are in essence trading what's less valuable for what is of value in the future. And there are lots of other instances like this.

It could be as gradual as trading your sleepless nights in school for knowledge and then trading the knowledge for some fiat and then trading the fiat for an affordable physical asset and then you can trade the physical asset for a good digital asset class like Bitcoin or something of that nature. The whole scope is to be ready to do away with an inferior item for a more superior one.

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