Topic: Trade vs. HODL - avoid traps - page 2. (Read 1979 times)

Both trading and holding are very risky and after accepting this risk you have to trade or hold. I won't compare trading with holding because I think they have different purposes. By holding we mean keeping our investment for a long time. A strong minded person and a person with enough patience can make such a hold. Holding a coin for a long period of time shows that many times the price of the coin goes down a lot due to market volatility or the price of the coin goes up a bit when the market is somewhat positive but a true holder will never get excited at that time rather he will wait for better times. Long-term holders have their own targets. They always think of holding their investments for a long time within a specific target. A long-term holder's mindset is such that he never sells the investments he has taken in his long-term plan, no matter how much money he needs. Mainly because of these things there is a lot of difference between trading and holding. 

I am a bitcoin holder and I hold my investment in long term plan but I do short term trading besides holding bitcoin in long term plan. If I make some money by short term trading I add a part of that profit to my long term investment thereby holding my investment on one hand and on the other hand I make some money by trading that is why I never compare trading and holding.  no

Of course, sustainable purchases are a good practice even with 1 time HODL is not enough, we will not be able to buy bitcoin at once with a large amount and then HODL, still what is needed is accumulation over time if not done then the btc savings will not be large, therefore the practice of accumulation by means of DCA is a practice that must remain sustainable.

Therefore, I myself do not want to mess up the ongoing HODLing, therefore trading is put aside, I don't even care if some friends profit from trading maybe it will only be for a moment but I make sure to stay strong in mentality with these temptations and will remain focused on DCA accumulation and then HODL all the time as a plan from the beginning before starting investment in BTC.

If for example I think of two things between trading and accumulation, the thinking will be heavier and heavier and the cash flow will be more and more irregular because it is divided by two plans, if trading has a loss then it will be a regret, when HODL the price drops just wait and you will not lose.

For sure ongoing buying is another kind of behavior that should be considered, and HODL might not be enough, and surely trading might be attempted prior to accumulating a very large bitcoin holdings, which might screw up BTC accumulation and even screw up HODLing mentality.. so ongoing BTC accumulation seems to be a great practice for anyone who wants to reinforce HODL ideas and HODL practices, and also ongoing BTC accumulation likely needs some kind of an accumulation target, so if cashflow is continuing to come in from various jobs, it seems necessary to be considering ongoing ways to buy that might involve DCA, buying on dip and lump sum buying, and if BTC accumulation is the goal, then it seems that there is no need to muddy thinking by considering times to sell (or trade) prior to reaching a sufficiently large enough BTC stash in which maybe it might be justified to play around with less than 10% of it.

A few days, even a couple of weeks would still be fine to do your translation.
No need to hurry, I've listed your language (Turkish) as reserved in my overview and you can provide your translation how it's convenient for you.
When you are done, you can announce it in my topic. 

Therefore, beginners often ignore what is needed in trading, when FOMO comes of course they want to enter and hope to get a profit in the trade they are doing, not a few are many failures because beginners are not ready in terms of skills and knowledge, so when I am not ready to trade, I will never do it before the skills are qualified.

Patience must be practiced while holding btc, but I'm sure many of us have strong patience for HODL btc.
Regarding funds that must be sufficient, it is important, otherwise investing in btc and holding will become a mess if there is no emergency fund, everything must be prepared so that what is held in BTC is not disturbed by other needs.
I was not an old holder when the bitcoin price was $100, but I still believe that if I hold bitcoin now for the next 5 years it will be valuable in the coming years, so now it is stronger for HODL.

Thanks @1miau, I'll work on it soon and post it when it's done.
It may take a few hours or see how my free time goes.

Thanks again for letting me translate your thread.

Of course, I'm looking forward to your translation.
You can link it here, when it's ready. 

I've reserved the Indonesian translation for you:

Language	translated by	Title
___________________________	_____________________	_______________________________________________________________________
Bahasa Indonesia (Indonesian)	Taufik123	reserved

---

No problem, it's added now. 

Language	translated by	Title
___________________________	_____________________	_______________________________________________________________________
Türkçe (Turkish)	mindrust	Al-sat vs. HODL - tuzaklara kanmayın

+1 for your translation. 

https://bitcointalksearch.org/topic/al-sat-vs-hodl-tuzaklara-kanmayn-5472611

I translated your post into Turkish, sorry I didn’t make a request first.

You have spoken well. I believe as a newbie there are less amount of asset in the portfolio or more and it will be bad to lose them because of lack of knowledge and ignorance to listen to experienced persons. The hardest part for a newbie is trying to figure out a way to enter the market and trading is never a good start. Instead of trading they should rather start investing gradually to accumulate a good amount first. One thing that affects most newbie is greed. The anxiety to make profit immediately they know about Bitcoin, that is why they mostly go for trading. If only they can take some time to learn better about Bitcoin before going into it in a haste and at the end, they will understand that Bitcoin works better when you invest and hodl for decades. The plan should be not to panic and don't put anything that you're not willing to lose and hodl while do more research for learning purpose.

Trading shouldn't be something that should be advised that newbies should go into. Majority of traders run at loss because it is hard to predict bitcoin price movement correctly, and trading involves so many skills and charts stuffs that will make one so stressed up when trying to beat the market. The fact remains that, there is no amount of profit that a trader will make that will be as big as what he will make when a hodli for long because bitcoin value increases with timeline.

Trading is for people that are after little profit and only after today, while hodlers are people that invest for their old age when they will no longer be strong to work. Professional traders run at loss but a newbie hodler will not run at loss when he investment in a long term and increase his bitcoin porfolio with regular DCA. As for me I see trading as a waste of time because you might think that you will make profit but end up running at loss. Bitcoin investment is not for short time gains because the market might not move in your favor and there are some wrong decisions that you will make as a trader that you will end up living to regret. Just Hodli and save your investment from loss.

You have presented trade vs hold very well here. Trading from hold is more risky. I don't really compare the two because I'm involved in both types. I trade one day at a time in a certain environment. I am involved in both holding and trading. If you trade and hold correctly you will profit from both. Currently we are leaning more towards trading in the hope of short term gains. As Bitcoin is an important currency one should hold and trade very cautiously.

Thank you so much for giving a careful learning process to help newbies like us out of some misconceptions. I am with Bitcoin HODLing Learned about the details before but achieved perfection through this and it is a long term plan and profitable process.We hear a lot about the benefits of trading but many of us do not know the failure stories behind them and having such an advantage at a low risk will help us lot.it is also clear that there are technically profitable ways to do this, I have heard As it is proven then help us to work reliably in the days to come and I want a long term profit and you all say patience is needed here we admit it Kari has been patient actually we are not catching we are just expecting a lot of a profit so we are failing so I am HODLing Who will choose and try to follow the advice of experience.This article will help me in many days to come so thanks again and hope to write more on such important topics.

This is not particularly true as some investors are real-time survivors too, they fight to the last and will only take money from their investments as the last resort. So, I see this differently from yours, you are right in a sense but it doesn't apply generally. Some people would never have invested if they followed your view as an excuse. You do not have to be employed before you invest, if you have the money, do it, it's for your own good. People do it and deny themselves many things to achieve the goal, life goes on and they have a hopeful future with the investment, especially with a very promising one like BTC and landed property.

Personally, I can count a few people I know who either lost their job, didn't have a serious job (off and on) or are challenged one way or the other that are big-time investors. Buying assets is like owning a property, are you now telling me that you must sell your house simply because you are not employed/ lot a job? As you own the property/asset, you get to face your life as though you never owned it, that's the rule. What if you do not have the property/investment and you are still unemployed, will you not live one way or another (friends, family, menial jobs etc) till you fix yourself?

This is the spirit and psychology of some unemployed investors and I don't only know some of them in person but also respect them for that.

Common sense trading does require a lot of skills, not just wanting to trade and doing it by feeling without knowing what you're doing is right or wrong.

In reality, beginners will not pay attention to some of the skills needed in trading.
They are just consumed by FOMO when Bitcoin hype and reaches a new ATH.
They try to trade and end up losing their money and blame it on the fact that trading is detrimental, even though they themselves do not know the knowledge.

Being a holder for those who have high patience will be better.
But it must also be supported by quite a lot of funds to get more profit as well.
But if you become a Bitcoin holder when Bitcoin is below the price of $100, it is a gift, and become a rich man if you hold it now.

---

Hi @1miau
Great topic to discuss on my local board.
I would like to do a translation of this topic to my local language Indonesia and post it on the Indonesian Local Board.
https://bitcointalk.org/index.php?board=191.0

There is both profit and loss in trading, while investing you will not only gain but also have the possibility of loss. But now I think Bitcoin investing is not so risky. But investing is much less risky than trading. Especially those who want to make a quick profit choose trading and lose by making wrong trades. There are also many people who invest in Bitcoin but get disappointed when they see the market down a little, they should not be disappointed, they have to keep their minds strong and hold for a long time. Of course holding Bitcoin for a long time has the potential to earn good profits. Those who are not professional traders and do not have a good understand of the market, should follow the DCA method and invest in Bitcoin for a long time.

I myself traded and lost. One of the reasons was that I didn't know about the market, I didn't know much about trading, I wanted to make a quick profit. However I finally took a break from trading Bitcoin. I realized trading is not for everyone but investing is for everyone. I have invested in Bitcoin, I will hold it for a long time. Investing in Bitcoin is definitely better and risk free than trading.

Trading is basically a risk full business where most of the time people lose their money, very few people can earn by trading. Those who have a lot of knowledge about the market can only make good amount of money by trading and those who have little knowledge can never make high profit by trading but face losses. Moreover, investing or holding is the best course of action as compared to trading as it has less risk and security and hopes for future gains. However, investing in altcoins has the potential to incur various losses, so one should never invest and hold without being fully informed. Also, you better stay away from altcoins and hold by investing in bitcoins, and investing in bitcoins is never risky. Controlling your emotions in investing and holding is the most important thing to be patient and not to get emotional as the fund loses value when investing due to market volatility. A person who invests for long term must hold for a long time, but he can expect high returns.

It won't only go against the initial plan but it can also be the reason for loss if they need to sell their assets in an emergency at a time when the market is lower than the position when they bought which means they will have to sell them for less money than they had invested initially which isn't good and no one would want that to happen. That's why, it's essential for someone to make sure that they have a kitchen income before they invest any money into Bitcoin or cryptocurrencies because the market moves in a cycle and there is no specific timeframe for it to go up or down.

Some people might think that the market will go down after a specific amount of years or months and then go up again in the same way but that doesn't always happen in the same way, there can be delays and a bear market can always be extended due to unfortunate events in the industry or some bad piece of news.

Hello  

A translation for our local naija board would be very nice to have.
I hereby give you a permission to translate my topic and I've reserved your translation in my OP:

Language	translated by	Title
___________________________	_____________________	_______________________________________________________________________
Nigeria (Naija)	Chilwell (reserved)	reserved

Trade vs. HODL is a very important issue to make aware of.  

HODLing is a good practice I will say besides  BTC has been making a good change over the days but aren't we taking a peep in low funds hodl does it make sense to do that , we all know the outcomes for such scenarios,it's always low.  

I want to request for the translation of this topic to my local board naija board pidgin language.
 https://bitcointalksearch.org/topic/trade-vs-hodl-avoid-traps-5436296