Buy Buy Buy or Sell Sell Sell?

[Showlove01]

There is no quality to shitcoin, those who try in shitcoin are just gambling --- you don't buy shitcoin it has no value in the future.
Don't follow influencers who keep spreading lies about the benefits of shitcoin, focus on bitcoin as the one great coin.
Fill your bag with bitcoin, that's all.

I totally agree with you there is no quality in shitcoins out there and there is also no comparison too, what bitcoin can offer to you when it comes to potential returns no shitcoin out there can offer you that, one should just centralize there focus on accommodating bitcoins and hold them for a long period of time using the DCA method, because there is nothing good that can come out of those shitcoins out there rather than gambling with your money.

When you have a good understanding of both assets, of course it will make you focus on assets that are more profitable in the long term rather than seeking fortune in the near future which is indeed difficult for us to get and when you choose to focus on collecting Bitcoins consistently using the method you mentioned, of course this will be very useful for you in the future and when that time comes, of course we already have assets that we hold and can also enjoy the benefits of those assets.

The way you talked about having understanding in both asset makes it look like you are a trader or a gambler though one ought to understand Bitcoin investment but the way you are making it look like is ..., the most important thing one needs to understand in Bitcoin is that it has a big potential and it is an asset that is suppose to be accumulated continuously and stored or hold for some period of time because apparently that is the best way to go about it and aside this I don't think you need any understanding other than to know how to accumulate, use the best strategy DCA which will help you accumulate regardless and ensure your discretionary and reserve funds are kept very well.

You are just mixing things up the more, why would someone accumulate something he doesn't know about? Before he or she thinks of accumulating Bitcoin he has to know the benefits attached to it before doing so, I don't know if you understand what am saying, in my own opinion the major thing an investor needs to know about Bitcoin first is that it's an asset that appreciate in value overtime, so if you can accumulate a huge stash of it now that it's very cheap, you stand a chance of securing your future financially through it, only if you can hold for a very long period of time.
After that he needs to learn and knows what he requires to hold successfully, which is having a source of income to finance his or her daily lives and an emergency funds set aside Incase their is any emergencies that may arise in the future, so that he wouldn't have to fall back or temper with his holdings.
When all these are in place, it would be very easy to hold without even thinking of tempering with your investment.

I think you are misunderstanding Sotelorene, I think the understanding of asset Sotelorene is talking about is the trader kind of understanding and when I checked out the thread, Sotelorene made mentioned of the things an investor ought to know about Bitcoin Which are; the potential of Bitcoin which off course encompasses the ups and downs movement of it ( volatility), an asset that is supposed to be accumulated and hold which also means an asset that holds something special in the future and outside these any other understanding to me will be like someone who is trying to learn how to trade and these are what I feel Sotelorene was trying to say because we can not hold shitcoin because they don't have potential and they are not even worth to be hold.

[GIF-JOBS]

There is no quality to shitcoin, those who try in shitcoin are just gambling --- you don't buy shitcoin it has no value in the future.
Don't follow influencers who keep spreading lies about the benefits of shitcoin, focus on bitcoin as the one great coin.
Fill your bag with bitcoin, that's all.

There are thousands of altcoins out there. Many of them are copies of each other. It's very hard to find an original altcoin, but it's not that they don't exist. We can name a few. Aside from those few altcoins, I agree that everything else about altcoins are gambling. You can make a lot of money in a very short time, but you can also reset your money to zero instantly. It's always better to accumulate Bitcoin on a regular basis instead of taking this gamble.

Even the most original altcoins and shitcoins obviously copied some features from Bitcoin, if you ever need the originals, it's Bitcoin. Most shitcoins rely on Bitcoin even for any slight price appreciation, you can observe the markets overtime, especially Ethereum, as soon as Bitcoin price appreciates a bit, it follows. So there's no originals in altcoins or shitcoins.

If you must deal with the best and the original coin, stick with Bitcoin for a long-term.

In fact, the price and movement of every currency depends on Bitcoin. The influence of Bitcoin on market fluctuations is obvious, whenever the price of Bitcoin increases, other coins also increase. The existence of most altcoins depends on the movement of Bitcoin.

Yes, if you study the movement of every currency in the market, you can understand very well that the price fluctuation of every altcoin is also mostly dependent on the movement of Bitcoin. Because Bitcoin is the king of crypto, the most trusted, reliable and popular currency is Bitcoin.

If someone thinks about long-term investment, then Bitcoin is undoubtedly the safest and most profitable investment. Although Bitcoin never guarantees profit, Bitcoin is the best as a long-term investment.

Currently, many large organizations are now storing Bitcoin as an asset, and many governments are legalizing it and they are also starting to use Bitcoin,Such as, Donald Trump, President of El Salvador Nayib Bukele. and Bitcoin's success is constantly increasing. And for this, we can say with great certainty that Bitcoin will create a very strong position in the future, and its acceptance will remain unwavering.

[JayJuanGee]

[edited out]

I don't think that a trader will be able to outsmart a bitcoin investor in the long run who is only buying and hodli. The reason why I said so is that traders like to take unnecessary risk and they don't think about the outcome of such decisions. You will see that if a trader is making little profits, he will not be pleased with it, because he wants to get rich quick and he can increase his trading amount or if possible trade will all his profits at once believing that he will be profitable but most times it turns out the opposite.

Based on what you said above JJG about someone who has $100 and should put $10 into trading/shitcoins. I believe that in a circle, that person might not be able to still have that $1040 in his trading account again, it will be lower, or he has lost it all because I don't think that he can be on a regular profit unlike his bitcoin investment that he is not touching but increasing in value as bitcoin price increases. Imagine when you put $10 in your trading account, that person might want to trade immediately without patience and I believe that before he will add the next $10 to make it $20, he might have lost the first, or when making profit, along the line, he will not be able to discipline himself and lose all his trading portfolio.

Investing is easy and the best compared to trading because it's stress free and for future purpose, but with all the stress in trading and emotional trauma when bitcoin price dips, can make you unstable and make wrong decisions that will cost you to run at big loss. I know that no invest is guaranteed in future for profits, but I hate involving myself in actions that the chance of losing is higher than making profits. A lot of traders became mute when bitcoin reached $100k, due to regrets because they knew what they have missed for gambling with their bitcoin that they bought at lower price. This is how majority of traders will keep on regreting in their lives now and in future.

I doubt that we can know for sure in advance whether the trader will be able to maintain his portfolio and/or to gain in value in such a way that outperforms his bitcoin holdings after two years, yet he can monitor how he is able to  do with the passage of time.  We know that bitcoin has UP and DOWN periods too, so someone who might start  this process when bitcoin is at the top of the period may well be able to outperform bitcoin in the short term, yet one of the problems investing in shitcoins is that they tend to be correlated to bitcoin, so investing into one or two shitcoins may well result in the shitcoins performing directionally similar to bitcoin, yet the trader would be trying to catch one or two shitcoins that have short periods of outperforming bitcoin and to get in and out of such shitcoin in order to not get stuck in a period  that the shitcoin is underperforming bitcoin. 

It will not be easy to outperforming bitcoin consistently especially over a couple of years or more, but it would not necessarily be impossible with some kind of luck or skill.  Even a trader cannot necessarily know if his performance is due to luck or skill, yet the longer his track record and if  he is able to out perform bitcoin over a couple of cycles, then there might be  signs of good skills that might turn into bad luck since there can be a lot of skills but then unexpected things happen, and surely any trader is going to want good luck rather than bad luck when the unexpected things end  up happening from time to time.

[Odohu]

There is no quality to shitcoin, those who try in shitcoin are just gambling --- you don't buy shitcoin it has no value in the future.
Don't follow influencers who keep spreading lies about the benefits of shitcoin, focus on bitcoin as the one great coin.
Fill your bag with bitcoin, that's all.

There are thousands of altcoins out there. Many of them are copies of each other. It's very hard to find an original altcoin, but it's not that they don't exist. We can name a few. Aside from those few altcoins, I agree that everything else about altcoins are gambling. You can make a lot of money in a very short time, but you can also reset your money to zero instantly. It's always better to accumulate Bitcoin on a regular basis instead of taking this gamble.

Even the most original altcoins and shitcoins obviously copied some features from Bitcoin, if you ever need the originals, it's Bitcoin. Most shitcoins rely on Bitcoin even for any slight price appreciation, you can observe the markets overtime, especially Ethereum, as soon as Bitcoin price appreciates a bit, it follows. So there's no originals in altcoins or shitcoins.

If you must deal with the best and the original coin, stick with Bitcoin for a long-term.

For me there is just no need for the boring argument about what is original and what is not because everyone already know that Bitcoin is the pioneer of everything so every other thing can only be develop trying to copy the original which they failed woefully to do. I think this is the reason every other thing is classified as shitcoins because their affinity for losses and dispense of pain to anyone who trust them. This is the reason they need hypes and media marketing to thrive, targeting those who do not know better and those filled with greed that are looking for quick gains that end up losing everything often.

Bitcoin is just enough for me and I spend my time building my future with Bitcoin rather than give in to the thought of patronizing shitcoins.

[Btcdeybodi]

[edited out]

I don't think that a trader will be able to outsmart a bitcoin investor in the long run who is only buying and hodli. The reason why I said so is that traders like to take unnecessary risk and they don't think about the outcome of such decisions. You will see that if a trader is making little profits, he will not be pleased with it, because he wants to get rich quick and he can increase his trading amount or if possible trade will all his profits at once believing that he will be profitable but most times it turns out the opposite.

Based on what you said above JJG about someone who has $100 and should put $10 into trading/shitcoins. I believe that in a circle, that person might not be able to still have that $1040 in his trading account again, it will be lower, or he has lost it all because I don't think that he can be on a regular profit unlike his bitcoin investment that he is not touching but increasing in value as bitcoin price increases. Imagine when you put $10 in your trading account, that person might want to trade immediately without patience and I believe that before he will add the next $10 to make it $20, he might have lost the first, or when making profit, along the line, he will not be able to discipline himself and lose all his trading portfolio.

Investing is easy and the best compared to trading because it's stress free and for future purpose, but with all the stress in trading and emotional trauma when bitcoin price dips, can make you unstable and make wrong decisions that will cost you to run at big loss. I know that no invest is guaranteed in future for profits, but I hate involving myself in actions that the chance of losing is higher than making profits. A lot of traders became mute when bitcoin reached $100k, due to regrets because they knew what they have missed for gambling with their bitcoin that they bought at lower price. This is how majority of traders will keep on regreting in their lives now and in future.

I doubt that we can know for sure in advance whether the trader will be able to maintain his portfolio and/or to gain in value in such a way that outperforms his bitcoin holdings after two years, yet he can monitor how he is able to  do with the passage of time.  We know that bitcoin has UP and DOWN periods too, so someone who might start  this process when bitcoin is at the top of the period may well be able to outperform bitcoin in the short term, yet one of the problems investing in shitcoins is that they tend to be correlated to bitcoin, so investing into one or two shitcoins may well result in the shitcoins performing directionally similar to bitcoin, yet the trader would be trying to catch one or two shitcoins that have short periods of outperforming bitcoin and to get in and out of such shitcoin in order to not get stuck in a period  that the shitcoin is underperforming bitcoin. 

It will not be easy to outperforming bitcoin consistently especially over a couple of years or more, but it would not necessarily be impossible with some kind of luck or skill.  Even a trader cannot necessarily know if his performance is due to luck or skill, yet the longer his track record and if  he is able to out perform bitcoin over a couple of cycles, then there might be  signs of good skills that might turn into bad luck since there can be a lot of skills but then unexpected things happen, and surely any trader is going to want good luck rather than bad luck when the unexpected things end  up happening from time to time.

A trader cannot maintain his portfolio in the long term because at times when the market is favorable to them they feel that it is due to their skills and not luck but when they make further entries and run losses that is when they realize that trading involves some skills and touch of luck more importantly because there at times when traders runs into consecutive losses and since they also make profits sometimes they find it difficult to have an overview of their trading if they are actually running losses or making gain. What keeps most traders going and confident in their trading is because they feel that when they lose in one entry, they will profit in the next entry and for sure it works but not all the time.

No coin can be smarter than bitcoin because they can't maintain same level of consistency in the long run as bitcoin does, so even when they outperform bitcoin some times, they don't stand market volatility for a longer period of time so while will i be interested in such unfaithful coin when bitcoin has given me the persuasion that it will outperform all of them in the long run?.

[Z_MBFM]

Holding is always profitable. I have some stupid friends who are big level stupid. Their stupidity sometimes leads to big losses and sometimes their stupidity gives them big gifts. Recently a stupid friend of mine lost $1600 because he forgot his email. I don't know how much of it is possible to recover.

I had another friend who bought 0.2 Bitcoin in 2022 for $23k. He wrote his 12-word security phrase on a piece of paper and hid it somewhere, and removed the wallet from his phone. And for a long time, he held it. In 2024, he became financially weak because he lost his job. Then he wanted to sell his bitcoins. But when he went to look for the security phrase of his wallet, he couldn't find it. Because where he kept it, his wife kept her gold jewelry. She would often take it out to use it and put it back in. Somehow it got lost from there. He can't find it anymore. He has to borrow money to survive. But yesterday he sold his old wardrobe because he bought a new wardrobe, so he and his wife found the paper while moving all the things in the old wardrobe to the new wardrobe. It was somewhere else in the closet. Perhaps the paper fell out while his wife was taking out her jewelry and he thought it was something he needed and left it somewhere else. He is very happy now because his $4,600 investment at that time is now worth $19,500.

He lost it but now he has got it back with a huge profit. Now he is interested in investing in Bitcoin again and this time his plan is to hold it until 2030.

Wow this is really amazing story. He got very good profit by holding bitcoins. I have yet to see anyone who lost holding Bitcoin. If one can patiently hold Bitcoin for a long time then his profit is guaranteed. That friend of yours may have somehow managed his financial crisis moment to sell his bitcoins immediately if he had access to them. If you sell it, you will not get such a big profit.  So everyone should be inspired by such stories and hold Bitcoin tightly. Because the fruit of patience is always sweet. Especially in the case of Bitcoin

[I_Anime]

Holding is always profitable. I have some stupid friends who are big level stupid. Their stupidity sometimes leads to big losses and sometimes their stupidity gives them big gifts. Recently a stupid friend of mine lost $1600 because he forgot his email. I don't know how much of it is possible to recover.

I had another friend who bought 0.2 Bitcoin in 2022 for $23k. He wrote his 12-word security phrase on a piece of paper and hid it somewhere, and removed the wallet from his phone. And for a long time, he held it. In 2024, he became financially weak because he lost his job. Then he wanted to sell his bitcoins. But when he went to look for the security phrase of his wallet, he couldn't find it. Because where he kept it, his wife kept her gold jewelry. She would often take it out to use it and put it back in. Somehow it got lost from there. He can't find it anymore. He has to borrow money to survive. But yesterday he sold his old wardrobe because he bought a new wardrobe, so he and his wife found the paper while moving all the things in the old wardrobe to the new wardrobe. It was somewhere else in the closet. Perhaps the paper fell out while his wife was taking out her jewelry and he thought it was something he needed and left it somewhere else. He is very happy now because his $4,600 investment at that time is now worth $19,500.

He lost it but now he has got it back with a huge profit. Now he is interested in investing in Bitcoin again and this time his plan is to hold it until 2030.

Wow this is really amazing story. He got very good profit by holding bitcoins. I have yet to see anyone who lost holding Bitcoin. If one can patiently hold Bitcoin for a long time then his profit is guaranteed. That friend of yours may have somehow managed his financial crisis moment to sell his bitcoins immediately if he had access to them. If you sell it, you will not get such a big profit.  So everyone should be inspired by such stories and hold Bitcoin tightly. Because the fruit of patience is always sweet. Especially in the case of Bitcoin

Yeah when you’re holding bitcoin for longterm you’re not losing despite the dip and all that,  aslong you keep holding you won’t experience any losses because is the market value that’s decreasing not the bitcoin you are holding so in a long run bitcoin will definitely bounce back way stronger putting in some nice profits only those that should during the dip or sold too early will experience losses and stuff . Concerning bitcoin investment there’s no guarantee that bitcoin will keep going up though, but base on its potential which have shows that bitcoin still have enough space for growth , making bitcoin to be among the best investments so far .

[MainIbem]

Holding is always profitable. I have some stupid friends who are big level stupid. Their stupidity sometimes leads to big losses and sometimes their stupidity gives them big gifts. Recently a stupid friend of mine lost $1600 because he forgot his email. I don't know how much of it is possible to recover.

I had another friend who bought 0.2 Bitcoin in 2022 for $23k. He wrote his 12-word security phrase on a piece of paper and hid it somewhere, and removed the wallet from his phone. And for a long time, he held it. In 2024, he became financially weak because he lost his job. Then he wanted to sell his bitcoins. But when he went to look for the security phrase of his wallet, he couldn't find it. Because where he kept it, his wife kept her gold jewelry. She would often take it out to use it and put it back in. Somehow it got lost from there. He can't find it anymore. He has to borrow money to survive. But yesterday he sold his old wardrobe because he bought a new wardrobe, so he and his wife found the paper while moving all the things in the old wardrobe to the new wardrobe. It was somewhere else in the closet. Perhaps the paper fell out while his wife was taking out her jewelry and he thought it was something he needed and left it somewhere else. He is very happy now because his $4,600 investment at that time is now worth $19,500.

He lost it but now he has got it back with a huge profit. Now he is interested in investing in Bitcoin again and this time his plan is to hold it until 2030.

Wow this is really amazing story. He got very good profit by holding bitcoins. I have yet to see anyone who lost holding Bitcoin. If one can patiently hold Bitcoin for a long time then his profit is guaranteed. That friend of yours may have somehow managed his financial crisis moment to sell his bitcoins immediately if he had access to them. If you sell it, you will not get such a big profit.  So everyone should be inspired by such stories and hold Bitcoin tightly. Because the fruit of patience is always sweet. Especially in the case of Bitcoin

Yeah when you’re holding bitcoin for longterm you’re not losing despite the dip and all that,  aslong you keep holding you won’t experience any losses because is the market value that’s decreasing not the bitcoin you are holding so in a long run bitcoin will definitely bounce back way stronger putting in some nice profits only those that should during the dip or sold too early will experience losses and stuff . Concerning bitcoin investment there’s no guarantee that bitcoin will keep going up though, but base on its potential which have shows that bitcoin still have enough space for growth , making bitcoin to be among the best investments so far .

I don't think the growth of Bitcoin is stopping anytime soon, it's not a stable coin and that alone is a guarantee that it would keep going higher overtime, volatility would run it's course at different intervals but it would still do it's thing so investors especially the new ones should be very optimistic concerning it, they shouldn't get worried concerning the dip periods cause since Bitcoin investment involves a long-term plan, the market value would definitely be recovered on the longrun and they'll be on the profit side, they need to understand that so far they got the mindset of holding longer then their's no need about being worried when the value of Bitcoin decreases since it would still improve again, I guess it's ignorance that cause many newbies to panic and sell at lose due to the fear of decrease in the market value of Bitcoin. A coin that has shown great potential of improving further after it decreases shouldn't be sold in a short period of little gains but should be held for as long as possible against the future, that's the mentality every Bitcoin investor should possess.

[WhoYouCantKill]

[edited out]

I don't think that a trader will be able to outsmart a bitcoin investor in the long run who is only buying and hodli. The reason why I said so is that traders like to take unnecessary risk and they don't think about the outcome of such decisions. You will see that if a trader is making little profits, he will not be pleased with it, because he wants to get rich quick and he can increase his trading amount or if possible trade will all his profits at once believing that he will be profitable but most times it turns out the opposite.

Based on what you said above JJG about someone who has $100 and should put $10 into trading/shitcoins. I believe that in a circle, that person might not be able to still have that $1040 in his trading account again, it will be lower, or he has lost it all because I don't think that he can be on a regular profit unlike his bitcoin investment that he is not touching but increasing in value as bitcoin price increases. Imagine when you put $10 in your trading account, that person might want to trade immediately without patience and I believe that before he will add the next $10 to make it $20, he might have lost the first, or when making profit, along the line, he will not be able to discipline himself and lose all his trading portfolio.

Investing is easy and the best compared to trading because it's stress free and for future purpose, but with all the stress in trading and emotional trauma when bitcoin price dips, can make you unstable and make wrong decisions that will cost you to run at big loss. I know that no invest is guaranteed in future for profits, but I hate involving myself in actions that the chance of losing is higher than making profits. A lot of traders became mute when bitcoin reached $100k, due to regrets because they knew what they have missed for gambling with their bitcoin that they bought at lower price. This is how majority of traders will keep on regreting in their lives now and in future.

I doubt that we can know for sure in advance whether the trader will be able to maintain his portfolio and/or to gain in value in such a way that outperforms his bitcoin holdings after two years, yet he can monitor how he is able to  do with the passage of time.  We know that bitcoin has UP and DOWN periods too, so someone who might start  this process when bitcoin is at the top of the period may well be able to outperform bitcoin in the short term, yet one of the problems investing in shitcoins is that they tend to be correlated to bitcoin, so investing into one or two shitcoins may well result in the shitcoins performing directionally similar to bitcoin, yet the trader would be trying to catch one or two shitcoins that have short periods of outperforming bitcoin and to get in and out of such shitcoin in order to not get stuck in a period  that the shitcoin is underperforming bitcoin. 

It will not be easy to outperforming bitcoin consistently especially over a couple of years or more, but it would not necessarily be impossible with some kind of luck or skill.  Even a trader cannot necessarily know if his performance is due to luck or skill, yet the longer his track record and if  he is able to out perform bitcoin over a couple of cycles, then there might be  signs of good skills that might turn into bad luck since there can be a lot of skills but then unexpected things happen, and surely any trader is going to want good luck rather than bad luck when the unexpected things end  up happening from time to time.

You’re right. It may be considered to be pretty challenging to attempt predicting a trader’s performance, particularly when it involves having to outperform Bitcoin. Bitcoin’s consistent price fluctuations, as well as the correlated nature of several shitcoins could be considered as part of the reasons why it’s pretty tough to consistently beat Bitcoin’s performance.

We could say that it’s like attempting to catch lightning in a bottle. Even if you manage to be lucky enough to actually find a shitcoin that could outperform Bitcoin temporarily, it may not actually end there because the ability to sustain that performance overtime becomes a totally different story.

Most of the times, even experienced traders with the trading skills may actually find it pretty difficult to differentiate between skill and luck, and there’s every possibility that a quick turn of event could immediately turn a good win into a huge bad loss. But just like you rightly said, genuine skill could be indicated or confirmed when there’s a lengthy track record of outperforming Bitcoin, not once, not twice but multiple times in different cycles.

Finally, I’d say that trading is full of complexity and unpredictability, there’s not a single guarantee of actual success, but for those who can’t resist the temptation and are actually willing to take the risk, they should be super careful and always remember to use not more than 10% of their holdings in order to be on the safest side.

[leonair]

Holding is always profitable. I have some stupid friends who are big level stupid. Their stupidity sometimes leads to big losses and sometimes their stupidity gives them big gifts. Recently a stupid friend of mine lost $1600 because he forgot his email. I don't know how much of it is possible to recover.

I had another friend who bought 0.2 Bitcoin in 2022 for $23k. He wrote his 12-word security phrase on a piece of paper and hid it somewhere, and removed the wallet from his phone. And for a long time, he held it. In 2024, he became financially weak because he lost his job. Then he wanted to sell his bitcoins. But when he went to look for the security phrase of his wallet, he couldn't find it. Because where he kept it, his wife kept her gold jewelry. She would often take it out to use it and put it back in. Somehow it got lost from there. He can't find it anymore. He has to borrow money to survive. But yesterday he sold his old wardrobe because he bought a new wardrobe, so he and his wife found the paper while moving all the things in the old wardrobe to the new wardrobe. It was somewhere else in the closet. Perhaps the paper fell out while his wife was taking out her jewelry and he thought it was something he needed and left it somewhere else. He is very happy now because his $4,600 investment at that time is now worth $19,500.

He lost it but now he has got it back with a huge profit. Now he is interested in investing in Bitcoin again and this time his plan is to hold it until 2030.

Wow this is really amazing story. He got very good profit by holding bitcoins. I have yet to see anyone who lost holding Bitcoin. If one can patiently hold Bitcoin for a long time then his profit is guaranteed. That friend of yours may have somehow managed his financial crisis moment to sell his bitcoins immediately if he had access to them. If you sell it, you will not get such a big profit.  So everyone should be inspired by such stories and hold Bitcoin tightly. Because the fruit of patience is always sweet. Especially in the case of Bitcoin

Yes, I got a surprise today. Bitvest had a signature campaign paused 8 months ago and didn't make the last week's payment while it was paused because the team was inactive. There I had 0.000673 BTC. At that time Bitcoin was around $65k, giving it a value of approximately $43. Today I have also relaunched that campaign and made the DUE payment. And the value of my $43 received today is $65 which is about 51% more than that time. Got a big benefit of holding here even though my fund holding was from others. so HOLD is definitely GOLD specially for Bitcoin everytime

[Lembo69]

Sitcoin is never profitable. Because Sitcoin is not managed by a specific blockchain. Sitcoin is only for promotion, but it is doubtful, you will only be tempted by Sitcoin which will bring you a huge profit. But it will not bring you profit at all. It will only waste your money and time. A smart person will never invest in a gambling place like Sitcoin. You have read about Bitcoin and know, Bitcoin will definitely be profitable for you. Those who have benefited from Bitcoin by adopting the DCA method in the past have praised Bitcoin, they will definitely invest in Bitcoin by blocking a gambling place like Sitcoin

[obuoma]

Trading profits, if made at all cannot be compared to profits from investment. Buying and holding Bitcoin for a long-term has more profitability potential than merely trading it.

the purpose of trading and investment remains the same, which is to make a profit. Regarding the amount of profit, it all depends on the trader or investor themselves. With the skills and abilities they have, they know where to get profit. Because not everyone is able to hold assets for a long time. Likewise, not everyone is able to trade well and make a profit. Buying and holding Bitcoin in the long term does have the potential for greater profits. Less risk for beginners, but for beginners who have knowledge. Many beginners are obsessed with buying Bitcoin because they follow the trend, it will be a mistake when they do not have the right knowledge before investing.

Trading and investing in bitcoin have no resemblance at all. Trading is the short way to go into  poverty and also a quick  way of developing high blood pressure. Having the right skills is not enough, what about your psychology. For me investing in bitcoin is the right way to go especially when you follow DCA method you will also have a rest of mind.

I have tasted trading before so I'm speaking from experience, it did not work out as I thought it will be a shortcut to wealth. This is why I have chosen to continue investing and holding. I will continue applying the DCA method which I learnt from this forum to put a part of my earnings into Bitcoin which I will kept for several years even up to my retirement.

[G_Besar]

Sitcoin is never profitable. Because Sitcoin is not managed by a specific blockchain. Sitcoin is only for promotion, but it is doubtful, you will only be tempted by Sitcoin which will bring you a huge profit. But it will not bring you profit at all. It will only waste your money and time. A smart person will never invest in a gambling place like Sitcoin. You have read about Bitcoin and know, Bitcoin will definitely be profitable for you. Those who have benefited from Bitcoin by adopting the DCA method in the past have praised Bitcoin, they will definitely invest in Bitcoin by blocking a gambling place like Sitcoin

You yourself should also direct yourself more to Bitcoin and become a Bitcoin investor for the long term because you already know that Bitcoin can provide more benefits and shitcoin is something you need to stay away from and don't need to be tempted by it even though there are many lures offered by shitcoin. Now there are so many people who have praised Bitcoin because they have all seen clear evidence of Bitcoin every year so that Bitcoin is difficult to doubt by many people while shitcoin is just a momentary garbage that doesn't need to be glanced at by long-term investors.

[Tonimez]

Holding is always profitable. I have some stupid friends who are big level stupid. Their stupidity sometimes leads to big losses and sometimes their stupidity gives them big gifts. Recently a stupid friend of mine lost $1600 because he forgot his email. I don't know how much of it is possible to recover.

I had another friend who bought 0.2 Bitcoin in 2022 for $23k. He wrote his 12-word security phrase on a piece of paper and hid it somewhere, and removed the wallet from his phone. And for a long time, he held it. In 2024, he became financially weak because he lost his job. Then he wanted to sell his bitcoins. But when he went to look for the security phrase of his wallet, he couldn't find it. Because where he kept it, his wife kept her gold jewelry. She would often take it out to use it and put it back in. Somehow it got lost from there. He can't find it anymore. He has to borrow money to survive. But yesterday he sold his old wardrobe because he bought a new wardrobe, so he and his wife found the paper while moving all the things in the old wardrobe to the new wardrobe. It was somewhere else in the closet. Perhaps the paper fell out while his wife was taking out her jewelry and he thought it was something he needed and left it somewhere else. He is very happy now because his $4,600 investment at that time is now worth $19,500.

He lost it but now he has got it back with a huge profit. Now he is interested in investing in Bitcoin again and this time his plan is to hold it until 2030.

Wow this is really amazing story. He got very good profit by holding bitcoins. I have yet to see anyone who lost holding Bitcoin. If one can patiently hold Bitcoin for a long time then his profit is guaranteed. That friend of yours may have somehow managed his financial crisis moment to sell his bitcoins immediately if he had access to them. If you sell it, you will not get such a big profit.  So everyone should be inspired by such stories and hold Bitcoin tightly. Because the fruit of patience is always sweet. Especially in the case of Bitcoin

Yes, I got a surprise today. Bitvest had a signature campaign paused 8 months ago and didn't make the last week's payment while it was paused because the team was inactive. There I had 0.000673 BTC. At that time Bitcoin was around $65k, giving it a value of approximately $43. Today I have also relaunched that campaign and made the DUE payment. And the value of my $43 received today is $65 which is about 51% more than that time. Got a big benefit of holding here even though my fund holding was from others. so HOLD is definitely GOLD specially for Bitcoin everytime

If all you could hold for the past 8 months is just that from your signature campaign, what and you are announcing it as a suprise after this length of time without adding anymore bitcoin from your buys, then it seems you're not an investor.

Buying of bitcoin is quite different from holding a bitcoin from your signature campaign and bringing it here may have an indirect negative energy on newbies who thought that at your level you must have been buying bitcoin by DCA. You can do better by not bothering newbies with your signature campaign accumulation if you can't spare to buy and Hodl.

[SuperBitMan]

Trading profits, if made at all cannot be compared to profits from investment. Buying and holding Bitcoin for a long-term has more profitability potential than merely trading it.

the purpose of trading and investment remains the same, which is to make a profit. Regarding the amount of profit, it all depends on the trader or investor themselves. With the skills and abilities they have, they know where to get profit. Because not everyone is able to hold assets for a long time. Likewise, not everyone is able to trade well and make a profit. Buying and holding Bitcoin in the long term does have the potential for greater profits. Less risk for beginners, but for beginners who have knowledge. Many beginners are obsessed with buying Bitcoin because they follow the trend, it will be a mistake when they do not have the right knowledge before investing.

Trading and investing in bitcoin have no resemblance at all. Trading is the short way to go into  poverty and also a quick  way of developing high blood pressure. Having the right skills is not enough, what about your psychology. For me investing in bitcoin is the right way to go especially when you follow DCA method you will also have a rest of mind.

I have tasted trading before so I'm speaking from experience, it did not work out as I thought it will be a shortcut to wealth. This is why I have chosen to continue investing and holding. I will continue applying the DCA method which I learnt from this forum to put a part of my earnings into Bitcoin which I will kept for several years even up to my retirement.

It is true that Bitcoin trading is very risky however you saying trading is the short way to go into  poverty is what I don't accept if you are talking don't generalize it, it may not work for you but is working for another person I have friends who are into Bitcoin trading and they are making money from it they lose sometimes according to them they say winning more than one loses shows you are making money from it, there are also people who trade just for fun some of this people are accumulating and holding Bitcoin for long term but they usually use 1to 4 percent from there discretionary income to trade and that those not lead them to poverty they are only doing it for fun so saying trading is the short way to go into  poverty is very wrong, in as much as we are advising people especially newbies to avoid trading because of the high risk in it let's not pass a wrong information about Bitcoin trading, everyone has the right to make there own choice even after advising someone about the danger in investing in shitcoins people still go for it, so is always better will give our advise in the right way don't try to convince someone just give out your advice and let them decide.

[DubemIfedigbo001]

Finally, I’d say that trading is full of complexity and unpredictability, there’s not a single guarantee of actual success, but for those who can’t resist the temptation and are actually willing to take the risk, they should be super careful and always remember to use not more than 10% of their holdings in order to be on the safest side.

I have a problem with people even having to use part of their Bitcoin holdings to trade. I believe in separation of concerns and precision which spurs effectiveness.

I think if you must trade, trading wallets should be handled separately and holding wallets should be treated separately. Your accumulation amount for your holdings and your portfolio should not be tampered with, then if you must trade, plan a different fund buildup for it which shouldn't in anyway be intertwined with your Bitcoin holdings, your consistency in buying Bitcoin or your buying amounts.

I reinstate the belief that involvement onto trading during your accumulation journey isn't the best practice since it may lead to divided focus, so I believe your accumulation journey would be more effective when you focus on Bitcoin accumulation alone and divert the money intended for trading to buying Bitcoin to increase your aggressiveness.

[Joy- maker]

Trading profits, if made at all cannot be compared to profits from investment. Buying and holding Bitcoin for a long-term has more profitability potential than merely trading it.

the purpose of trading and investment remains the same, which is to make a profit. Regarding the amount of profit, it all depends on the trader or investor themselves. With the skills and abilities they have, they know where to get profit. Because not everyone is able to hold assets for a long time. Likewise, not everyone is able to trade well and make a profit. Buying and holding Bitcoin in the long term does have the potential for greater profits. Less risk for beginners, but for beginners who have knowledge. Many beginners are obsessed with buying Bitcoin because they follow the trend, it will be a mistake when they do not have the right knowledge before investing.

Trading and investing in bitcoin have no resemblance at all. Trading is the short way to go into  poverty and also a quick  way of developing high blood pressure. Having the right skills is not enough, what about your psychology. For me investing in bitcoin is the right way to go especially when you follow DCA method you will also have a rest of mind.

I have tasted trading before so I'm speaking from experience, it did not work out as I thought it will be a shortcut to wealth. This is why I have chosen to continue investing and holding. I will continue applying the DCA method which I learnt from this forum to put a part of my earnings into Bitcoin which I will kept for several years even up to my retirement.

It is true that Bitcoin trading is very risky however you saying trading is the short way to go into  poverty is what I don't accept if you are talking don't generalize it, it may not work for you but is working for another person I have friends who are into Bitcoin trading and they are making money from it they lose sometimes according to them they say winning more than one loses shows you are making money from it, there are also people who trade just for fun some of this people are accumulating and holding Bitcoin for long term but they usually use 1to 4 percent from there discretionary income to trade and that those not lead them to poverty they are only doing it for fun so saying trading is the short way to go into  poverty is very wrong, in as much as we are advising people especially newbies to avoid trading because of the high risk in it let's not pass a wrong information about Bitcoin trading, everyone has the right to make there own choice even after advising someone about the danger in investing in shitcoins people still go for it, so is always better will give our advise in the right way don't try to convince someone just give out your advice and let them decide.

I agree with your point bitcoin trading is risky but not a short way to poverty, for the fact that trading doesn't work for you that doesn't mean that it's not working for others there are a lot of people out there who are making millions and billions from bitcoin trading on a daily and weekly basis, everything just depend on you just go for the one you can handle best, if you can handle trading then trade, if you can handle accumulating and holding for long period of time then go for it, but to be on the safer side and take control over your emotions just limit yourself to accumulating bitcoin and hold for a long period of time using the DCA strategy.

[justinlamode]

Finally, I’d say that trading is full of complexity and unpredictability, there’s not a single guarantee of actual success, but for those who can’t resist the temptation and are actually willing to take the risk, they should be super careful and always remember to use not more than 10% of their holdings in order to be on the safest side.

I think if you must trade, trading wallets should be handled separately and holding wallets should be treated separately. Your accumulation amount for your holdings and your portfolio should not be tampered with, then if you must trade, plan a different fund buildup for it which shouldn't in anyway be intertwined with your Bitcoin holdings, your consistency in buying Bitcoin or your buying amounts.

I reinstate the belief that involvement onto trading during your accumulation journey isn't the best practice since it may lead to divided focus, so I believe your accumulation journey would be more effective when you focus on Bitcoin accumulation alone and divert the money intended for trading to buying Bitcoin to increase your aggressiveness.

There is no law that says you must trade because trading is not what to advise someone to go into especially in a thread like this where we are discussing how to hold Bitcoin and benefit the most from it. Giving suggestion on how to go about trading means you are sanctioning it to be something one can do and succeed which is indirectly leaving room for people to try as there people following our conversation that curiosity will push into trying it out. You already know what will happen to such people and the process they will go through before the finally learn that trading is not and easy thing. Therefore, I don't support trading and I will not encourage anyone to rush into it when we have a better option like investing and holding.

[Tungbulu]

I have a problem with people even having to use part of their Bitcoin holdings to trade. I believe in separation of concerns and precision which spurs effectiveness.

I think if you must trade, trading wallets should be handled separately and holding wallets should be treated separately. Your accumulation amount for your holdings and your portfolio should not be tampered with, then if you must trade, plan a different fund buildup for it which shouldn't in anyway be intertwined with your Bitcoin holdings, your consistency in buying Bitcoin or your buying amounts.

When they say 10% of your Holding, they do not particularly mean selling that you’ll have to liquidate 10% of your Bitcoin Portfolio and/or diversifying it to trading. What they mean is that, whatever you must use in trading, it should not exceed 10% of your total Bitcoin holding, so it’s necessarily that one must have to sell off 10% of their Bitcoin holding,

I reinstate the belief that involvement onto trading during your accumulation journey isn't the best practice since it may lead to divided focus, so I believe your accumulation journey would be more effective when you focus on Bitcoin accumulation alone and divert the money intended for trading to buying Bitcoin to increase your aggressiveness.

I share the same view with you on this one, but then again, there are those who actually cannot resist the temptation of trading, and we cannot pretend that those people do not exist because they actually do and it is important to adequately educate these set of individuals to prevent them from making some grievous financial mistake that may likely affect their accumulation process. Although there are also those that actually do make profit from trading ( not that I’m promoting trading/gambling or advising people to go into it) and that is why some investors are often inquisitive and eager to try it out and some of them, regardless of how much you try to dissuade them, they’d still want to give it a try.

 And the only way some of these investors can be convinced that trading is extremely dangerous and risky and often unprofitable is when they give it a try and then experience the losses for themselves, and that’s why it’s advised to use not more than 10% of their holdings to venture into trading, so when/if they lose it, they wouldn’t feel that much of the impact, and then they can concentrate more on their accumulation.

[arwin100]

Finally, I’d say that trading is full of complexity and unpredictability, there’s not a single guarantee of actual success, but for those who can’t resist the temptation and are actually willing to take the risk, they should be super careful and always remember to use not more than 10% of their holdings in order to be on the safest side.

I have a problem with people even having to use part of their Bitcoin holdings to trade. I believe in separation of concerns and precision which spurs effectiveness.

I think if you must trade, trading wallets should be handled separately and holding wallets should be treated separately. Your accumulation amount for your holdings and your portfolio should not be tampered with, then if you must trade, plan a different fund buildup for it which shouldn't in anyway be intertwined with your Bitcoin holdings, your consistency in buying Bitcoin or your buying amounts.

I reinstate the belief that involvement onto trading during your accumulation journey isn't the best practice since it may lead to divided focus, so I believe your accumulation journey would be more effective when you focus on Bitcoin accumulation alone and divert the money intended for trading to buying Bitcoin to increase your aggressiveness.

Hopefully with that action they are not using exchange wallet to trade since they are putting their selves on multiple risk for that situation. Also they are bound to spend all they have with that matter especially if they get frustrated and want to chase some profit.

So better choose to have other multiple wallets for HODL use and the other one is for other activities. But I don't also recommend people to engage with trading especially if they look forward to gain profits since provably losing and winning will be repetitive cycle then they might just waste their time also will not get anything from that situation. Better if they spend their money buying Bitcoin since this provably give them good chance that they can sustain this type of investment.