Trading as wealth. - page 5. | Bitcointalksearch.org

SirLancelot

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Quote from: Adbitco on January 29, 2023, 12:19:04 PM

Sometimes it baffles me seeing that newbies today always come online to say whatever they feels is right for them without even thinking, reading and researching before giving what information they think is right.
Trading can never gives you what you desire, rather it requires a lot of technicalities to deal with trading. Btw, do not invest in cryptocurrency thinking is a wealth creation or sure link to became wealthy over night. Investing in cryptocurrency is the most difficult task you are taking in your life, why because if you invest with your life savings thinking or having a mentality of becoming Rich overnight, then i must tell you that is the beginning of your failure. You can only decides to invest in bitcoin as it is more safer to invest rather than altcoin, but note something very important that when you invest there is no assurance or guaranteed that you must get 100 percent profits as the case maybe and is not stable.

Maybe they do that on purpose? Like if in this forum, maybe their intention is to gain merit to rank up? But they can't hardly be successful by that. They think people here are dummies and doesn't read carefully on what it is written.

Anyway, yeah trading is hard but he only made it easy there. Not all people are capable of doing it but trading can provide income which can then full the person's desire but still, there are things which can't be availed by money. Crypto investing on the other hand is much easier to do than in trading but indeed it doesn't make us rich overnight. This is the only downside of investing as it requires enough patience.

Adbitco

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Sometimes it baffles me seeing that newbies today always come online to say whatever they feels is right for them without even thinking, reading and researching before giving what information they think is right.
Trading can never gives you what you desire, rather it requires a lot of technicalities to deal with trading. Btw, do not invest in cryptocurrency thinking is a wealth creation or sure link to became wealthy over night. Investing in cryptocurrency is the most difficult task you are taking in your life, why because if you invest with your life savings thinking or having a mentality of becoming Rich overnight, then i must tell you that is the beginning of your failure. You can only decides to invest in bitcoin as it is more safer to invest rather than altcoin, but note something very important that when you invest there is no assurance or guaranteed that you must get 100 percent profits as the case maybe and is not stable.

Jody.Drummer

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Quote from: wxa7115 on January 29, 2023, 02:06:14 AM

Quote from: lienfaye on January 25, 2023, 01:16:18 AM

Engaging in crypto doesn't guarantee that you'll become financially stable or wealthy. Because not all traders are able to gain when they trade even they're long been here and used to the market movement and knowledgeable on how to make an analysis. That's why many of us don't go full time because we can't only rely on trading (though there are traders who managed to do so) and it's wise to have another resources where we can earn a stable income.

Anyway, trading/investing are profitable but it can't make you wealthy using a small capital and in a short period. Hence, be aware of the facts before trying to engage yourself to avoid having disappointment.

This is a misconception which is very common, newbies seem to believe that just because they become part of this market riches will come their way and nothing could be further from the truth.

In order for anyone to make profits they need someone else to lose, this means that if we buy bitcoin there is someone else out there which believes bitcoin will go down soon and this is what makes them willing to sell, the trader which can take the correct decision the most often is the one which becomes a long term winner, and it is unlikely a newbie has the necessary skills to compete against traders which have been here for years and will end up losing their coins to them.

Indeed, those who have such thoughts (trading accelerate wealth) are those who are new to the world of trading which we often refer to as beginners. I also wonder why they can conclude so easily without them knowing what trading means. Those who think like that we must give an explanation, because otherwise they will act without sufficient knowledge base. As a result they will be trapped and can experience huge losses because of that. In the end they will make conclusions unilaterally and usually they will discredit what they are doing, in this case cryptocurrency.

Cling18

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Quote from: wxa7115 on January 29, 2023, 02:06:14 AM

Quote from: lienfaye on January 25, 2023, 01:16:18 AM

Engaging in crypto doesn't guarantee that you'll become financially stable or wealthy. Because not all traders are able to gain when they trade even they're long been here and used to the market movement and knowledgeable on how to make an analysis. That's why many of us don't go full time because we can't only rely on trading (though there are traders who managed to do so) and it's wise to have another resources where we can earn a stable income.

Anyway, trading/investing are profitable but it can't make you wealthy using a small capital and in a short period. Hence, be aware of the facts before trying to engage yourself to avoid having disappointment.

This is a misconception which is very common, newbies seem to believe that just because they become part of this market riches will come their way and nothing could be further from the truth.

In order for anyone to make profits they need someone else to lose, this means that if we buy bitcoin there is someone else out there who believes bitcoin will go down soon and this is what makes them willing to sell, the trader which can take the correct decision the most often is the one which becomes a long term winner, and it is unlikely a newbie has the necessary skills to compete against traders which have been here for years and will end up losing their coins to them.

Trading is wealth only if you have the skills and the ability to trade wisely and successfully but keep in mind that trading can also take everything away from you once you can't deal with the volatility of the market. It requires knowledge and understanding about the aspects of trading as well as technicalities for you to understand everything. Trading isn't as easy as others think because it has lots of risks if done without proper knowledge.

wxa7115

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Quote from: lienfaye on January 25, 2023, 01:16:18 AM

Engaging in crypto doesn't guarantee that you'll become financially stable or wealthy. Because not all traders are able to gain when they trade even they're long been here and used to the market movement and knowledgeable on how to make an analysis. That's why many of us don't go full time because we can't only rely on trading (though there are traders who managed to do so) and it's wise to have another resources where we can earn a stable income.

Anyway, trading/investing are profitable but it can't make you wealthy using a small capital and in a short period. Hence, be aware of the facts before trying to engage yourself to avoid having disappointment.

This is a misconception which is very common, newbies seem to believe that just because they become part of this market riches will come their way and nothing could be further from the truth.

In order for anyone to make profits they need someone else to lose, this means that if we buy bitcoin there is someone else out there which believes bitcoin will go down soon and this is what makes them willing to sell, the trader which can take the correct decision the most often is the one which becomes a long term winner, and it is unlikely a newbie has the necessary skills to compete against traders which have been here for years and will end up losing their coins to them.

deathcode

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Quote from: Jaycoinz on January 22, 2023, 01:31:52 PM

Like every goals trading is likely to give everyone what he desires.
Let me go to the point trading has to do with either physical market or online marketing also know as digital marketing. On digital marketing trader are likely to use cryptocurrency which can be .
Bitcoin
Bitcoin core
Ethereum.
Or trading on asset such as
Gold
In the global economy today cryptocurrency trading tend as a wealth over physical trading, like wise investing on cryptocurrency contribute to ones income.
Let go into the society as a whole most wealthy and stable individual are in there position today as a result of investment which is cryptocurrency when we look at them most of them are into trading of assets. That is to say cryptocurrency add positive value in terms of wealth to investment management.. in order word I stand by advising everyone to engage into business with cryptocurrency.

You are so passionate about what you are saying that it seems a bit complicated to understand.
Trading will not always provide benefits and make someone rich.
Don't you see that there are also many people who fail and suffer huge losses in trading?

Before advising everyone to get involved with cryptocurrencies,
you better prove it first with your experience.
After you have succeeded with your experience, you can share your experience and share the knowledge you apply to succeed.
And you can share what risks and obstacles you faced and how you overcame them.

Because I see you are just giving your opinion and your general view on trading and investing.
Which is not even from your own experience but rather from other people's success stories that you may not even know fully.

goaldigger

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Quote from: Negotiation on January 24, 2023, 01:29:03 PM

Without trading skills it is very difficult to make profit good knowledge about trading it is never possible to increase wealth. Bitcoin is best for long term investment and helps in wealth growth. Being the most popular cryptocurrency in the world, bitcoin is more reliable and has a great market value as the first choice on every bitcoin trading platform. Bitcoin will give good profit with wealth growth as the price of bitcoin rises, it becomes more valuable to platforms.

Trading requires good strategy and a good knowledge, you can’t expect to have profit if you don’t know how to trade properly. If you want to be more successful you’ll do your best to analyze the market properly, Bitcoin can give you more if you know how to value your trades. Being financially stable with Bitcoin is only possible if you are making profit here consistently, but if you have a lot of losses then don’t expect to succeed here.

jostorres

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Quote from: Jaycoinz on January 22, 2023, 01:31:52 PM

In the global economy today cryptocurrency trading tend as a wealth over physical trading, like wise investing on cryptocurrency contribute to ones income.
Let go into the society as a whole most wealthy and stable individual are in there position today as a result of investment which is cryptocurrency when we look at them most of them are into trading of assets. That is to say cryptocurrency add positive value in terms of wealth to investment management.. in order word I stand by advising everyone to engage into business with cryptocurrency.

You are without a doubt a bit confused about things, because I would only concentrate on one point that you have mentioned in your post, which is that in our society, the rich are those who are involved in cryptocurrency trading, which I don't find to be true at all. I know there are people who earn a considerable amount of money with their crypto investment, but I haven't seen a lot of people getting wealthy by only investing (with a small capital) in cryptocurrencies. The whales are a different thing, all they do is use their existing wealth to get wealthier.

lienfaye

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Quote from: Jaycoinz on January 22, 2023, 01:31:52 PM

Let go into the society as a whole most wealthy and stable individual are in there position today as a result of investment which is cryptocurrency when we look at them most of them are into trading of assets. That is to say cryptocurrency add positive value in terms of wealth to investment management.. in order word I stand by advising everyone to engage into business with cryptocurrency.

Engaging in crypto doesn't guarantee that you'll become financially stable or wealthy. Because not all traders are able to gain when they trade even they're long been here and used to the market movement and knowledgeable on how to make an analysis. That's why many of us don't go full time because we can't only rely on trading (though there are traders who managed to do so) and it's wise to have another resources where we can earn a stable income.

Anyway, trading/investing are profitable but it can't make you wealthy using a small capital and in a short period. Hence, be aware of the facts before trying to engage yourself to avoid having disappointment.

sheenshane

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Quote from: Jaycoinz on January 22, 2023, 01:31:52 PM

.. in order word I stand by advising everyone to engage into business with cryptocurrency.

It's confusing, just like all comments above the same as I thought, I never heard of Bitcoin core in the crypto market. It's only on the Bitcoin transaction, it's a program to use in the Bitcoin blockchain network. Read further here, https://bitcoin.org/en/bitcoin-core/.

Now in trading, it doesn't mean you earn money trading it's meant for everyone.
Trading isn't meant for everyone, it's only for those who have skills and knowledge of it because it's very highly volatile.
The last part is, trading is not a form of business, when you say business it has a sustainable production income consistently. But in trading, it seems like gambling that the potential is very difficult to make money consistently.

GeorgeJohn

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Quote from: Negotiation on January 24, 2023, 01:29:03 PM

Without trading skills it is very difficult to make profit good knowledge about trading it is never possible to increase wealth. Bitcoin is best for long term investment and helps in wealth growth. Being the most popular cryptocurrency in the world, bitcoin is more reliable and has a great market value as the first choice on every bitcoin trading platform. Bitcoin will give good profit with wealth growth as the price of bitcoin rises, it becomes more valuable to platforms.

This is what i have been emphasizing on since, trading have different dimensions you apply in order to make a profit,and it's quite understood that trading have a skill and the skills have to be known more through a constant practicing, because sometimes we do correct or understand some certain mistakes occurrence in trading through your mistake which leads to lose of profit. So in the aspect of cryptocurrency generally and the best coin to invest with. It's audible to deaf and crystal clear to the blinds that Bitcoin is best coin that have potential than any other coins. Because the values always been in fluctuating circle but quickly regain it's potentiality when it decreases, but altcoins can die off during long term investment and can never ressurect again, so theirs is huge difference between Bitcoin and any other coin.

Negotiation

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Without trading skills it is very difficult to make profit good knowledge about trading it is never possible to increase wealth. Bitcoin is best for long term investment and helps in wealth growth. Being the most popular cryptocurrency in the world, bitcoin is more reliable and has a great market value as the first choice on every bitcoin trading platform. Bitcoin will give good profit with wealth growth as the price of bitcoin rises, it becomes more valuable to platforms.

Ararbermas

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You must know the difference between crypto assets and where the gold asset belong as well. Btw i never see or heard bitcoin core in the market or maybe a platform only?
Anyways cryptocurrency is already known about making money especially bitcoin and other major alts in the market.. If i will choose which one is more profitable and can make quick profits then that would be crypto over stock whether trading or investment, crypto still the best one in my personal opinion.

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Quote from: maydna on January 24, 2023, 09:22:36 AM

Quote from: Poker Player on January 24, 2023, 01:19:34 AM

Quote from: maydna on January 23, 2023, 09:21:13 AM

Are you saying that trade is the way to wealth?

The OP is clueless. He talks about trading as wealth but it seems that trading in any case and for a very small minority is income, not wealth. Wealth is what you keep from your income but that is a later step that has nothing to do with trading. This does not take into account that most people lose money with trading.

If he were talking about B&H as wealth, yes he would be correct, because if you take a long-term portfolio of stocks what you are doing is increasing your wealth. The same as if you accumulate Bitcoin.

If so, it means that there is a relationship between trade and wealth because wealth is something we already have, and trade can be a way to increase wealth. Trading can be a source of income for some people with trading skills, and they can benefit from trading it.

And you are right that by collecting bitcoins, we will have a way to increase our wealth. And with so many choices of coins in the crypto market, it seems like he wants to show that we have a rich opportunity in the crypto market.

A trading skill I guess is wealth. So yea you definitely have a value if you can make money out of money, it's how the wealthy people do it. Making money out of money.

Not everyone can last in crypto. A holder can panic and sell in a bear market and start gambling like a maniac and lose it all but a person who can trade and accumulate more BTC with a little BTC capital can definitely survive in the crypto industry.

Frankolala

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Not every rich and stable individuals are into crypto trading, and take note trading can not guarantee your success,because not every trader in bitcoin is successful. If you understand the crptomarket and trading risk management,then you can make profit. The best way to make profit in bitcoin is when you hodli for a long term and you sell at ATH,then you can make good profit from your investment.

For you to be a trader risk is involved especially in crpto assets,the price can change at anytime due to the volatile nature of bitcoin and if you are not an expert,you can loose a huge sum. Gold is not used for trading,neither cryptocurrency but fiat is what we use to trade either in buying or selling. Don't get everything twisted, you are a newbie and need to understand more about trading and investing. Not all investors are traders.

palle11

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Quote from: Jaycoinz on January 22, 2023, 01:31:52 PM

Let go into the society as a whole most wealthy and stable individual are in there position today as a result of investment which is cryptocurrency when we look at them most of them are into trading of assets.

Except that you are talking about Forex trading that has been a while but cryptocurrency trading will not be attributed to the wealthy and stable people in the society. Hodling crypto is far older than trading crypto and cryptocurrency itself is around 11 years old while the wealthy in the society have long been wealthy
before crypto trading became this popular and moreover many wealthy people don't openly associate themselves with cryptocurrency. Someone like Warren buffet as one of the wealthy doesn't publicly support crypto.

maydna

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Quote from: Poker Player on January 24, 2023, 01:19:34 AM

Quote from: maydna on January 23, 2023, 09:21:13 AM

Are you saying that trade is the way to wealth?

The OP is clueless. He talks about trading as wealth but it seems that trading in any case and for a very small minority is income, not wealth. Wealth is what you keep from your income but that is a later step that has nothing to do with trading. This does not take into account that most people lose money with trading.

If he were talking about B&H as wealth, yes he would be correct, because if you take a long-term portfolio of stocks what you are doing is increasing your wealth. The same as if you accumulate Bitcoin.

If so, it means that there is a relationship between trade and wealth because wealth is something we already have, and trade can be a way to increase wealth. Trading can be a source of income for some people with trading skills, and they can benefit from trading it.

And you are right that by collecting bitcoins, we will have a way to increase our wealth. And with so many choices of coins in the crypto market, it seems like he wants to show that we have a rich opportunity in the crypto market.

blockman

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Quote from: Jaycoinz on January 22, 2023, 01:31:52 PM

Let go into the society as a whole most wealthy and stable individual are in there position today as a result of investment which is cryptocurrency when we look at them most of them are into trading of assets.

You're confused, yes there are wealthy people that have become wealthy due to crypto but if you're talking about the wealthiest people in the world then they're not into crypto and they've built their empire through experience and a long period of time. You're right that they're into assets but take the example of Warren Buffett, he's an investor and focuses more on a long-term style of investing and that has made him wealthy. There are investments that will be good for you and not for the others so I think you have to assess first what you'll compare.

Poker Player

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Quote from: maydna on January 23, 2023, 09:21:13 AM

Are you saying that trade is the way to wealth?

The OP is clueless. He talks about trading as wealth but it seems that trading in any case and for a very small minority is income, not wealth. Wealth is what you keep from your income but that is a later step that has nothing to do with trading. This does not take into account that most people lose money with trading.

If he were talking about B&H as wealth, yes he would be correct, because if you take a long-term portfolio of stocks what you are doing is increasing your wealth. The same as if you accumulate Bitcoin.

adaseb

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I met some guy a few years back and whenever he was talking about Bitcoin he was actually talking about Bitcoin Cash. And when he was talking about Bitcoin he would say Bitcoin Core. He said that Bitcoin Cash is the real Bitcoin. So I am pretty sure the OP copied this text from somewhere he found on the web.

No idea what gold has to do with it. Trading gold will never make you rich unless you degen trade it at 100x leverage. It’s currently like $1900 and it’ll be a decade before it doubles in value. Unlike Bitcoin and Ethereum.

Topic: Trading as wealth. - page 5. (Read 820 times)