Trade vs. HODL - avoid traps - page 6.

kamvreto

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MAaaN...!! CUT THAT STUPID SHIT

Quote from: salad daging on January 23, 2023, 10:55:26 AM

When compared, it is calmer with holding bitcoin than trading all year round. I also feel how my mind is burdened during trading, of course this affects psychologists, sometimes I can't even sleep when I experience losses from trading.
Regarding losses and profits, of course this is always natural, but my mind is more drained on trading than holding bitcoins, now I'm starting to try to stop not doing serious trades, which means not too often because I will focus more on holding bitcoins that have been planned for the year then and now has been successful enough to survive to continue to acquire bitcoins.

there is no doubt that holding bitcoins is the best solution when all the altcoins or some shitcoins start to collapse.
Starting trading with bitcoins and then becoming a bitcoin holding which gives many advantages.
Trading always drains the mind and psychology will continue to play. the right choice when you cut down on intense trading and do bitcoin holding, buy gradually up to a certain time period and sell it when the target price is reached.

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I feel how too complicated to walk with crypto.
I despise shitcoin for the long term.

About the image that you embed, Maybe the correct one is BITCOIN VS ALTCOIN/SHITCOIN, because crypto covers everything, bitcoin also includes cryptocurrency or digital currency

salad daging

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Quote from: kamvreto on January 22, 2023, 07:35:36 PM

People without any trading experience and try Holding Bitcoin for a period of 4 years or adjusting to a 4-year cycle would be better than having to trade for 4 years with analysis that will burden the mind and psychology.
I also tried to trade during this time to earn a year's worth of profits.
Of course, there will be losses and gains.
But when I held for 1 year the profit was even more from quite complicated trades with the same investment amount.
So it's better to do Holding for long-term investment than having to trade every day.
The mind can be calmer without the burden of having to think about analysis. it remains only to determine when to enter the market and when to get out to take profits.

But will it work for everyone?
Because everyone has their own decision.

When compared, it is calmer with holding bitcoin than trading all year round. I also feel how my mind is burdened during trading, of course this affects psychologists, sometimes I can't even sleep when I experience losses from trading.
Regarding losses and profits, of course this is always natural, but my mind is more drained on trading than holding bitcoins, now I'm starting to try to stop not doing serious trades, which means not too often because I will focus more on holding bitcoins that have been planned for the year then and now has been successful enough to survive to continue to acquire bitcoins.

I feel how too complicated to walk with crypto.
I despise shitcoin for the long term.

SOKO-DEKE

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Trading is not that simple; regardless of how proficient you are in technical analysis, you will occasionally fail. Many people have tried trading before, and many of them fail in spite of the time they invest in the analysis. Therefore, I don't believe that trading, especially short trading, is the best course of action. In actuality, trading is riskier, more stressful, and takes more time than holding. Holding is a straightforward investment strategy, particularly for Bitcoin. Additionally, due to the scarcity of Bitcoin after the halving phase every four years, if you can hang onto your Bitcoin investment for a long time, you will undoubtedly profit from it, compare to trading that you can profit easily and as well you can encounter loss also easily.

Getmon

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Individuals frequently trade bitcoins in the hope of quickly increasing their holdings. However, trading is a challenging endeavor. Many traders are losing money rather than making money. Therefore, we may occasionally believe that trading is merely a waste of time and effort. We also cannot remember how many times we were stressed out after losing a lot of trades. When I think the market is about to change direction, I trade, but I mostly trade altcoins because they are mostly used for speculation.

cryptoaddictchie

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Quote from: EFS on January 22, 2023, 10:43:17 PM

The biggest mistake of traders is that they use all the money they have. If you separate your trading balance and long term hodl balance, everything will be fine. Thus, you won't miss out on trading opportunities and you will continue to accumulate BTC regularly. This plan will work as long as you are disciplined.

This is a good routine actually but majority are probably doing all in when they are trading for something either its short term and long term. Thus leaving no budget for such opportunity since they are being held up by their holdings. Pretty much, reminding me of myself when I was still too naive to do many investment. Didnt bother if there are no fiat stablecoins standing by.

pooya87

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Quote from: mk4 on January 22, 2023, 05:37:17 AM

Hodling can work really well for certain altcoins as well. The only problem being that you need to actually pick the correct ones, in which is very difficult to do — it's pretty much like looking for a needle in a haystack.

Yeah, that is very rare and only works in very specific time frames like when the big altcoin is starting to get pumped for the very first time. For example buying the shitcoin called ETH in its early days and bag holding it for a while would have given you a lot of profit.

But generally speaking buying altcoins and bag holding them is never a good idea specially if you are investing your bitcoin in them. For example 0.15BTC invested in the same shitcoin called ETH 5 years ago is now worth only 0.07BTC which is more than 50% loss.

EFS

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As someone who has done both for years, I think it's a matter of balance. There are times when you can make good money by trading. There is no harm in trading knowing the risks and limits. The biggest mistake of traders is that they use all the money they have. If you separate your trading balance and long term hodl balance, everything will be fine. Thus, you won't miss out on trading opportunities and you will continue to accumulate BTC regularly. This plan will work as long as you are disciplined.

bounceback

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No matter how good the analysis we make, there is no guarantee for us that market movements will always move as we expect, maybe so far only some of the lucky ones have been able to get a return on trading and even then it doesn't make them feel the same profit on the next trade, but if holding bitcoin, so far it has been proven to be able to provide greater returns for people who have strong hands who are able to hold bitcoin in the long term because if we look at the history of price movements, bitcoin has always experienced growth in value from time to time caused by continued growth in adoption increases thus making the supply of bitcoins scarce in circulation thus pushing the price higher as demand continues to increase.

kamvreto

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MAaaN...!! CUT THAT STUPID SHIT

People without any trading experience and try Holding Bitcoin for a period of 4 years or adjusting to a 4-year cycle would be better than having to trade for 4 years with analysis that will burden the mind and psychology.
I also tried to trade during this time to earn a year's worth of profits.
Of course, there will be losses and gains.
But when I held for 1 year the profit was even more from quite complicated trades with the same investment amount.
So it's better to do Holding for long-term investment than having to trade every day.
The mind can be calmer without the burden of having to think about analysis. it remains only to determine when to enter the market and when to get out to take profits.

But will it work for everyone?
Because everyone has their own decision.

pixie85

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Quote from: drwhobox on January 21, 2023, 03:15:40 PM

I have tried bitcoin trading and failed, I learned technical analysis but again failed. Bitcoin just doesn't follow the technical analysis terms like the forex or it is me who is failed to give my 100% effort on learning and implementing those into bitcoin trading.

But after trying so many years, probably a good 4 years trying to trade bitcoin successfully (make profit day trading), I gave up 2 years ago. Now I can live my life peacefully and avoid day trading.

You did not fail. You chose the wrong path the way people choose a sport. You get told that snowboarding is great so you try that and after a few days of struggling you try skiing and find that it's easier and gives you more fun.

Trying is never a bad thing.
Trying and sticking with something you don't like doing and you're not getting better at is a bad thing and not trying is a real failure.

Bitcoin is too manipulated and people panic too much because they don't understand it, which is why it's so hard to predict its moves.

tvplus006

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Quote from: 1miau on January 21, 2023, 02:58:25 PM

...One of those traps is to fall for the misconception to increase Bitcoin profits from trading...

There are a large number of investors who don't accept trading, leaving the main priority to HOLD BTC. And it is obvious that you belong to this category of people. But I think that increasing increasing the number of bitcoins in my wallet will be more attractive than just HODL. And for such an increase in BTC, I use the ETH/BTC trading pair, since this trading pair is safer for me, regardless of where the price goes.

ajiz138

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More trust in HODL than Trading.
Trades are too complicated to think about too difficult in technical analysis always mind drain gets stressed so I left the trade this is not the best way to make a profit if comparison with HODL is clear I opted for this because there is nothing to focus on right except don't sell our holdings in our hands, I believe what is the goal for HODL it will be more profitable.

Trying to keep getting bitcoins from DCA as well as my lump-sum will stay consistent with what I've been doing so far and now I have almost half of the bitcoins in my hands as a result of HODL bought regularly using the above method, at this point I believe how is the 4 year cycle really going to happen then i will leave the bitcoins in the hardware wallet for years.

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HODL....

mk4

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Quote from: libert19 on January 22, 2023, 02:19:48 AM

Hodling works for Bitcoin alone, not for others. Have given up plenty money by holding coins until they turned to dust. Had I converted those profits into BTC, would be having good amount of BTC today. But oh well, it's what it is.

Hodling can work really well for certain altcoins as well. The only problem being that you need to actually pick the correct ones, in which is very difficult to do — it's pretty much like looking for a needle in a haystack.

BRINIRHA

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hodling is indeed much more effective for me. even though I am a beginner but I prefer to be hodling than keep trading it every day. maybe because my schedule is quite busy in managing the business. so I'm not confident enough to do technical analysis to trade. because I also do not understand much about technical analysis.

and I think hodling is more comfortable because my mentality is more awake. moreover, I continue to collect bitcoins with an installment strategy like DCA. so I can stay focused on my business. and let my investment run and increase as time goes on.

but I have occasionally tried trading but it was in altcoins. and it is only done occasionally when I hear an event is happening or a hype is brewing.

Peanutswar

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There are alot of people who would like to earn immediately that's why they make a trade and get a ride with the market volatility which is still good if they have fundamental and other tools for making short-term trading, but the profit is not assured right here if you don't have the knowledge, that's why still tons of people make a lot of time just to consider this as their job if you are just an investor that doesn't want to really care with the price movement because you are aiming for months or years of holding I guess this is a great deal for making a hold for me its the safest than making risk with the short term trade sometimes the market not assured movement because of the whales.

libert19

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Hodling works for Bitcoin alone, not for others. Have given up plenty money by holding coins until they turned to dust. Had I converted those profits into BTC, would be having good amount of BTC today. But oh well, it's what it is.

un_rank

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- Jay -

Quote from: Maus0728 on January 21, 2023, 09:15:30 PM

I don't know, it feels like some people do this trick in accumumulating sats in the long run.

This could work to accumulate some sats if done right. For example, one who held through the last bull run, cause they have not reached their target profit has the exact same amount of bitcoin as they did during the bear market, but another who sold at the peak or some percentage off it and bought back at the bottom or some percentage off it, would have a much higher amount of bitcoin in their portfolio.

The downside here is you have to be constantly checking the price as well as holding some stable coins which you exchanged for bitcoin, while waiting for the retrace.

- Jay -

jrrsparkles

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HODL is the safest but not really easy to follow cause being patient when the market goes up and down everytime is a stressful job too but once we understand this is how it will be and adapt the condition then it will be a money making heaven.

On the other hand trading is risky but I do day trade with small capital compared to my portfolio value for fiat so I won't touch my long term investments at any cost and cover the expenses along with needs and wants via profits from day trading.

pooya87

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Quote from: Despairo on January 21, 2023, 08:42:03 PM

It doesn't matter how long you hold, shitcoin will always being a shitcoin where it might be a scam, become a deadcoin, etc. There's no point for holding shitcoin for longer than 6 months or a year,

That is so contradictory! If you know something is a shitcoin and it is going to die, then there is absolutely no justification for buying it in first place let alone bagholding it for such a long time as 6+ months! The only time buying a shitcoin could be acceptable is if you are seeing an ongoing pump and want to jump on board and most importantly if you get out very quickly like after gaining 20% profit or a couple of hours whichever came first.
That's one of the rare cases that trading is OK with me.

Crypto-DesignService

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DCA is another safe way to hodl Bitcoin long-term. It provides lesser risk since the price is very volatile.

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