Buy Buy Buy or Sell Sell Sell?

[WhoYouCantKill]

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.

I’m sure if you had read through the lines well, you would’ve seen that no one is advising anyone to go into trading here. Yes, no one is disputing the fact that consistently accumulating Bitcoin and maintaining a long term perspective of Bitcoin has so far been proven to be the best approach to Bitcoin investment. But then again, just as @Tungbulu has stated in his comment above, there are those investors who are inquisitive and can’t resist the temptation of opting into trading regardless of how much you try to dissuade them or telling them the dangers and risks involved in trading. And in this case, just because this is a Bitcoin investment/HODLing thread doesn’t mean we can’t offer advice to that’ll be beneficial to such a person and prevent them from getting their Bitcoin Portfolio into trouble. That I believe is what the poster is saying and not to advice people to go into trading.

[obuoma]

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.

There is a saying that said experience is best teacher but is wise to learnt from the mistake of others because if you said you want to  trade and feel the impact of loss before you concentrate on your accumulation what of if you could not control your emotion. It would be better not to venture into trading at all while accumulating to avoid distraction or emotional unrest.

[Bravut]

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.

Well said. It a matter of choice and Decision. Trading is risky and capital intensive, whereas Accumulating, and Hodling Bitcoin requires patience, right investment decisions.
I believe we don't need to linger on issues concerning trading in this thread, rather enlighten ourselves more on the possible steps to building a huge Bitcoin Portfolio through buying, DCAing, and application of any other strategy so as to accumulate more Bitcoin.

[Tamaperdana]

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.

That's right, if there is momentum to invest in bitcoin, yes, it's better if we just invest in bitcoin. Don't waste your time trading. Because as we know trading really has a very big risk and the number of people who succeed in becoming a trader is really very minimal. So why should we take a path that is only a minority successful (becoming a trader), when there is a better path, namely becoming a bitcoin investor. Because even though Bitcoin does not guarantee 100% we will get a profit. But I am very sure that if everything in this world goes well and no big chaos occurs (like a big war) I am very sure that 95% of bitcoin guarantees us a profit. The most important thing is that we invest in bitcoin for the long term, at least two bitcoin halving cycles. If we can do this, there is no need to doubt that our investment in Bitcoin will end in success. Apart from that, talking about how to successfully become a trader in crypto in this thread is not appropriate. Because this thread is not intended to accommodate things like that.

[Gost ms]

What's your take on this? Given the period we're in is it buy time or sell time?

First of all, I want to say that Bitcoin is a digital currency. According to the market demand of Bitcoin, it can be said that this is not the time to sell Bitcoin. Because

The digital currency market is never flat, it is always rising. For which it is very difficult to say when you will sell. According to the Bitcoin market demand, according to the Bitcoin market price, it seems that the price of Bitcoin will gradually increase very slowly.

I am never in favor of short-term investment. I think that long-term investment planning is the best way to invest in Bitcoin. So keep an eye on 4 to 8 years in terms of investment.

[JayJuanGee]

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

Since you have been registered on the forum since 2016, you should be able to recognize and appreciate that the value of HODL comes from  much longer periods than just a year or two (or 8 months in the case you mentioned).  A lot of the value of bitcoin comes from compounding, and sure, even though compounding is not guaranteed, there is no reason to suggest that bitcoin's investment thesis is getting any weaker with the passage of time, and in fact bitcoin's investment thesis may well be  continuing to get stronger with the passage of time, like the application of the Lindy effect.

[adultcrypto]

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

Since you have been registered on the forum since 2016, you should be able to recognize and appreciate that the value of HODL comes from  much longer periods than just a year or two (or 8 months in the case you mentioned).  A lot of the value of bitcoin comes from compounding, and sure, even though compounding is not guaranteed, there is no reason to suggest that bitcoin's investment thesis is getting any weaker with the passage of time, and in fact bitcoin's investment thesis may well be  continuing to get stronger with the passage of time, like the application of the Lindy effect.

My attention have been drawn to this new perspective you have given and the new words you introduced today including the phrase "the Lindy effect". I'm particularly curious to know the meaning because it sound so strange to me and for the sake of knowledge and possibly integration into my bitcoin accumulation programs to make it efficient if it is something that will help me in that regards. At the moment, I'm using the DCA method and I sometimes buy when price dips and I have excess inflow but even with that, the DCA method is kept running. Let me wait for your reply. Thank you.

[Churchillvv]

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.

Feasibly, trading is totally a form of gambling there is no guarantee that you would win for a day nor in the long run and it's also very important to know that risk taking should be within a certain level and reduce the level of risk you take is sticking to bitcoin which for over 15- 16 years has never for once proven otherwise rather it has been on a consistent increase in a long term.

Additionally when talking about diversification, I then to always then what exactly people are diversifying into? Stocks? Gold? Real Estate however whatsoever one choose to diversify into it should be done when you already have a enough of bitcoin in your portfolio and that which I'm very sure that probably none of us here (noobs in holding) have achieved such a position even though one may have front load their bitcoin yet its quite very inconveniencing that we have such people here in this thread hence diversification shouldn't be a  subheading for now until we begin to achieve a greater level in bitcoin accumulation

[JayJuanGee]

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

Since you have been registered on the forum since 2016, you should be able to recognize and appreciate that the value of HODL comes from  much longer periods than just a year or two (or 8 months in the case you mentioned).  A lot of the value of bitcoin comes from compounding, and sure, even though compounding is not guaranteed, there is no reason to suggest that bitcoin's investment thesis is getting any weaker with the passage of time, and in fact bitcoin's investment thesis may well be  continuing to get stronger with the passage of time, like the application of the Lindy effect.

My attention have been drawn to this new perspective you have given and the new words you introduced today including the phrase "the Lindy effect". I'm particularly curious to know the meaning because it sound so strange to me and for the sake of knowledge and possibly integration into my bitcoin accumulation programs to make it efficient if it is something that will help me in that regards. At the moment, I'm using the DCA method and I sometimes buy when price dips and I have excess inflow but even with that, the DCA method is kept running. Let me wait for your reply. Thank you.

The overall idea of Lindy effect has to do with projecting that the longer that something like a technology or a networking idea, then the longer that we can expect that it to continue to survive.  It does not guarantee that it will continue to grow, even though it seems to apply to a protocol like bitcoin.  You can look it up on google or you can look it up on wikipedia. 

Of course, in bitcoin's case, it was announced on October 31, 2008, yet it went live January 3, 2009, and so in that regard, for more than 16 years, bitcoin has been running and growing in its network effects (7 network effects of bitcoin outlined by Trace Mayer in 2015).

[I_Anime]

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

Since you have been registered on the forum since 2016, you should be able to recognize and appreciate that the value of HODL comes from  much longer periods than just a year or two (or 8 months in the case you mentioned).  A lot of the value of bitcoin comes from compounding, and sure, even though compounding is not guaranteed, there is no reason to suggest that bitcoin's investment thesis is getting any weaker with the passage of time, and in fact bitcoin's investment thesis may well be  continuing to get stronger with the passage of time, like the application of the Lindy effect.

My attention have been drawn to this new perspective you have given and the new words you introduced today including the phrase "the Lindy effect". I'm particularly curious to know the meaning because it sound so strange to me and for the sake of knowledge and possibly integration into my bitcoin accumulation programs to make it efficient if it is something that will help me in that regards. At the moment, I'm using the DCA method and I sometimes buy when price dips and I have excess inflow but even with that, the DCA method is kept running. Let me wait for your reply. Thank you.

The overall idea of Lindy effect has to do with projecting that the longer that something like a technology or a networking idea, then the longer that we can expect that it to continue to survive.  It does not guarantee that it will continue to grow, even though it seems to apply to a protocol like bitcoin.  You can look it up on google or you can look it up on wikipedia. 

Of course, in bitcoin's case, it was announced on October 31, 2008, yet it went live January 3, 2009, and so in that regard, for more than 16 years, bitcoin has been running and growing in its network effects (7 network effects of bitcoin outlined by Trace Mayer in 2015).

Like bitcoin has proven to be one of the best asset over time now due to its constant growth over the past few years , we don’t have to start sitting folks down just to tell them how beautiful it is to hold bitcoin , bitcoin has already proven that already, after reading network effects of bitcoin outlined by trace mayer In 2015, just reminds me of the reason why bitcoin will always remain the best asset . Others may come with the aim of trying surpass bitcoin but will keep crashing while bitcoin keep growing , that’s why I always neglect posts on social medias that kept hyping a particular using this phrase “ Gonna surpass bitcoin “ which are usually find disturbing because is just way to lure those that don’t have solid knowledge about this space.

[Issa56]

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.

Why will you even be trading with your bitcoin holding? It doesn’t make send to me, if you are planning to hold your bitcoin, then it’s better you hold, but if you want to trade, then just focus on that, and if you are planning to do the two, just split the money you are having, leave some in your investment wallet, and be trading with one part on exchange, but touching your investment money frequently doesn’t really go well.

I think if you must trade, trading wallets should be handled separately and holding wallets should be treated separately.

Traders do make use of exchange to trade, so most of them do leave their coin on exchange pending when they won’t be trading for some time, before they withdraw it, but if you are planning to hold, then your money shouldn’t be on exchange, you should be in control of your money always, don’t leave you money in exchange, because if anything happens to the exchange, you might end up losing your money, and we should know that no exchange is too big to be compromised.

[Miles2006]

Since you have been registered on the forum since 2016, you should be able to recognize and appreciate that the value of HODL comes from  much longer periods than just a year or two (or 8 months in the case you mentioned).  A lot of the value of bitcoin comes from compounding, and sure, even though compounding is not guaranteed, there is no reason to suggest that bitcoin's investment thesis is getting any weaker with the passage of time, and in fact bitcoin's investment thesis may well be  continuing to get stronger with the passage of time, like the application of the Lindy effect.

My attention have been drawn to this new perspective you have given and the new words you introduced today including the phrase "the Lindy effect". I'm particularly curious to know the meaning because it sound so strange to me and for the sake of knowledge and possibly integration into my bitcoin accumulation programs to make it efficient if it is something that will help me in that regards. At the moment, I'm using the DCA method and I sometimes buy when price dips and I have excess inflow but even with that, the DCA method is kept running. Let me wait for your reply. Thank you.

The overall idea of Lindy effect has to do with projecting that the longer that something like a technology or a networking idea, then the longer that we can expect that it to continue to survive.  It does not guarantee that it will continue to grow, even though it seems to apply to a protocol like bitcoin.  You can look it up on google or you can look it up on wikipedia.  

Of course, in bitcoin's case, it was announced on October 31, 2008, yet it went live January 3, 2009, and so in that regard, for more than 16 years, bitcoin has been running and growing in its network effects (7 network effects of bitcoin outlined by Trace Mayer in 2015).

Like bitcoin has proven to be one of the best asset over time now due to its constant growth over the past few years , we don’t have to start sitting folks down just to tell them how beautiful it is to hold bitcoin , bitcoin has already proven that already, after reading network effects of bitcoin outlined by trace mayer In 2015, just reminds me of the reason why bitcoin will always remain the best asset . Others may come with the aim of trying surpass bitcoin but will keep crashing while bitcoin keep growing , that’s why I always neglect posts on social medias that kept hyping a particular using this phrase “ Gonna surpass bitcoin “ which are usually find disturbing because is just way to lure those that don’t have solid knowledge about this space.

I thought bitcoin had surpass the era where comparison keeps coming up, it’s understandable when things like this are spoken out of ignorance still bitcoin remains bitcoin while altcoins remain altcoins there’s no point paying attention to all sort of project like for example the hype social media create. No doubt the longer bitcoin last the potential to invest and hold grow meanwhile understanding can go a long way when and how to approach investing can be done with knowledge.

[Agbamoni]

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.

Dont mislead people when you are talking about trading and investment. No one said you cant succeed in trading of course there are people who have got the most out of it but that's like a 20% success expectation because there is high risk involved. The reason why most of us are actually investing rather than trading is because we have considered our risk management plan to know that its better to invest for the long term and hold it than to risk doing day trading in whatsoever form. All is profiting but choose wisely based on your financial strength and risk management.

[JayJuanGee]

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.

Why will you even be trading with your bitcoin holding? It doesn’t make send to me, if you are planning to hold your bitcoin, then it’s better you hold, but if you want to trade, then just focus on that, and if you are planning to do the two, just split the money you are having, leave some in your investment wallet, and be trading with one part on exchange, but touching your investment money frequently doesn’t really go well.

For anyone who is going to trade, it is likely important to keep some separate accounting and separate accounts, so that the trader never taps into the investment account, and if he wants to build his trading account, he need to accomplish that through building his trading balances.  It can be quite difficult for traders to sufficiently/adequately segregate their accounts, especially since they likely devolve into gambling behaviors, even if they had previously not been so much of a gambling type.

I think if you must trade, trading wallets should be handled separately and holding wallets should be treated separately.

Traders do make use of exchange to trade, so most of them do leave their coin on exchange pending when they won’t be trading for some time, before they withdraw it, but if you are planning to hold, then your money shouldn’t be on exchange, you should be in control of your money always, don’t leave you money in exchange, because if anything happens to the exchange, you might end up losing your money, and we should know that no exchange is too big to be compromised.

There could be ways for traders to keep their funds off of exchanges especially if they believe that they might not need such funds for a while, yet it seems that a lot of times traders are going to want their accounts to be working (serving some kind of a purpose), including frequently needing liquidity, even when moving between positions, and yeah there may be some traders who are moving funds (and getting in and out of positions) more frequently as compared with other traders who may be willing to hold some assets for longer timelines.  There is a lot of variability in timeline preferences, and some kinds of tools (financial instruments such as options, futures, margin leverage) that they use or the kinds of assets that they are getting into and out of may well help to inform them regarding how long they might want to try to stay in an asset or not, or what conditions might need to be met before they get out of such position..

[sotelorene]

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.

Why will you even be trading with your bitcoin holding? It doesn’t make send to me, if you are planning to hold your bitcoin, then it’s better you hold, but if you want to trade, then just focus on that, and if you are planning to do the two, just split the money you are having, leave some in your investment wallet, and be trading with one part on exchange, but touching your investment money frequently doesn’t really go well.

I think if you must trade, trading wallets should be handled separately and holding wallets should be treated separately.

Traders do make use of exchange to trade, so most of them do leave their coin on exchange pending when they won’t be trading for some time, before they withdraw it, but if you are planning to hold, then your money shouldn’t be on exchange, you should be in control of your money always, don’t leave you money in exchange, because if anything happens to the exchange, you might end up losing your money, and we should know that no exchange is too big to be compromised.

To me I don't see trading and at same time inventing as a good idea because one day you might be tempted to touch your investment or discretionary to trade because of loss incur in your trading. However, trading has a very big spirit that is like gambling addiction and whenever you turn an addict, you can even go as far as selling your Bitcoin investment and when that one is gone you may still go and Borrow to trade that is how dangerous trading can be apart from the fact that it is very risky, so whosoever that wants to trade should just go straight and whosoever that wants to invest should also go straight instead of mixing or doing the two simultaneously it doesn't make sense, it is not a good strategy or approach.

[I_Anime]

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.

Why will you even be trading with your bitcoin holding? It doesn’t make send to me, if you are planning to hold your bitcoin, then it’s better you hold, but if you want to trade, then just focus on that, and if you are planning to do the two, just split the money you are having, leave some in your investment wallet, and be trading with one part on exchange, but touching your investment money frequently doesn’t really go well.

I think if you must trade, trading wallets should be handled separately and holding wallets should be treated separately.

Traders do make use of exchange to trade, so most of them do leave their coin on exchange pending when they won’t be trading for some time, before they withdraw it, but if you are planning to hold, then your money shouldn’t be on exchange, you should be in control of your money always, don’t leave you money in exchange, because if anything happens to the exchange, you might end up losing your money, and we should know that no exchange is too big to be compromised.

To me I don't see trading and at same time inventing as a good idea because one day you might be tempted to touch your investment or discretionary to trade because of loss incur in your trading. However, trading has a very big spirit that is like gambling addiction and whenever you turn an addict, you can even go as far as selling your Bitcoin investment and when that one is gone you may still go and Borrow to trade that is how dangerous trading can be apart from the fact that it is very risky, so whosoever that wants to trade should just go straight and whosoever that wants to invest should also go straight instead of mixing or doing the two simultaneously it doesn't make sense, it is not a good strategy or approach.

Yeah trading can be like that sometimes especially to those that are new to it without any good skills , trading is not like Bitcoin investment everyone can invest in Bitcoin with the right principle and endup with a smooth investment with a nice result, while in the other hand trading is not for everyone is for those with the right skills because there are still folks at there making decent money from trading and there are still those losing from it, but those gaining from investing are much compare to traders because most traders usually endup given up after several losses. So stick with what work for you and always make sure you are doing it well , and this thread is for Bitcoin accumulating and holding not for playing with your Bitcoin in form of trading.

[Sebas.tian]

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.

Why will you even be trading with your bitcoin holding? It doesn’t make send to me, if you are planning to hold your bitcoin, then it’s better you hold, but if you want to trade, then just focus on that, and if you are planning to do the two, just split the money you are having, leave some in your investment wallet, and be trading with one part on exchange, but touching your investment money frequently doesn’t really go well.

I think if you must trade, trading wallets should be handled separately and holding wallets should be treated separately.

Traders do make use of exchange to trade, so most of them do leave their coin on exchange pending when they won’t be trading for some time, before they withdraw it, but if you are planning to hold, then your money shouldn’t be on exchange, you should be in control of your money always, don’t leave you money in exchange, because if anything happens to the exchange, you might end up losing your money, and we should know that no exchange is too big to be compromised.

To me I don't see trading and at same time inventing as a good idea because one day you might be tempted to touch your investment or discretionary to trade because of loss incur in your trading. However, trading has a very big spirit that is like gambling addiction and whenever you turn an addict, you can even go as far as selling your Bitcoin investment and when that one is gone you may still go and Borrow to trade that is how dangerous trading can be apart from the fact that it is very risky, so whosoever that wants to trade should just go straight and whosoever that wants to invest should also go straight instead of mixing or doing the two simultaneously it doesn't make sense, it is not a good strategy or approach.

Yeah trading can be like that sometimes especially to those that are new to it without any good skills , trading is not like Bitcoin investment everyone can invest in Bitcoin with the right principle and endup with a smooth investment with a nice result, while in the other hand trading is not for everyone is for those with the right skills because there are still folks at there making decent money from trading and there are still those losing from it, but those gaining from investing are much compare to traders because most traders usually endup given up after several losses. So stick with what work for you and always make sure you are doing it well , and this thread is for Bitcoin accumulating and holding not for playing with your Bitcoin in form of trading.

Trading is more difficult than Bitcoin investment, because you need to have the knowledge of Bitcoin trading before you can embark on Bitcoin trading to have a good income that will encourage you to stay long in Bitcoin trading. It's true that anyone can invest in Bitcoin investment to get what other investors are getting from the investment when they follow the simple instructions on how to hold for long term before They can plan to release their Bitcoin for sale to make a passive income. To show that trading is more difficult than Bitcoin investment, just take a look at the population of investors and traders in the community, you will know that trading is very difficult and I will encourage new traders over there to have the knowledge of Bitcoin trading before embarking on trading.

[WhoYouCantKill]

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.

Why will you even be trading with your bitcoin holding? It doesn’t make send to me, if you are planning to hold your bitcoin, then it’s better you hold, but if you want to trade, then just focus on that, and if you are planning to do the two, just split the money you are having, leave some in your investment wallet, and be trading with one part on exchange, but touching your investment money frequently doesn’t really go well.

For anyone who is going to trade, it is likely important to keep some separate accounting and separate accounts, so that the trader never taps into the investment account, and if he wants to build his trading account, he need to accomplish that through building his trading balances.  It can be quite difficult for traders to sufficiently/adequately segregate their accounts, especially since they likely devolve into gambling behaviors, even if they had previously not been so much of a gambling type.

Yeah this is very true. It is of utmost importance to separate your trading account from your investment account. It just like you’re placing a blockade between money for playing around and money for serious business.
Whenever investors get their funds mixed up with each other, it may potentially result into a sort of a slippery slope. They may actually begin to rationalize some risky trades and be like, it’s okay, it’s just a little bit dip into the investment account, it’ll be easy to recover the losses. And before you actually realize what’s going on, they’ve activated a full blown gambling approach, resulting to loss chasing and other stuffs.

But when these funds are well separated, and not interchanged, it gives the investor/trader more control and some form of discipline and help them focus more on building their trading account with actual trading skills and not to rely on their investment for backup. I wouldn’t say it’s easy, but segregating one’s accounts is a very commendable approach towards maintaining a much conducive trading environment and also mindset for the trader.

[laijsica]

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.

Why will you even be trading with your bitcoin holding? It doesn’t make send to me, if you are planning to hold your bitcoin, then it’s better you hold, but if you want to trade, then just focus on that, and if you are planning to do the two, just split the money you are having, leave some in your investment wallet, and be trading with one part on exchange, but touching your investment money frequently doesn’t really go well.

I think if you must trade, trading wallets should be handled separately and holding wallets should be treated separately.

Traders do make use of exchange to trade, so most of them do leave their coin on exchange pending when they won’t be trading for some time, before they withdraw it, but if you are planning to hold, then your money shouldn’t be on exchange, you should be in control of your money always, don’t leave you money in exchange, because if anything happens to the exchange, you might end up losing your money, and we should know that no exchange is too big to be compromised.

To me I don't see trading and at same time inventing as a good idea because one day you might be tempted to touch your investment or discretionary to trade because of loss incur in your trading. However, trading has a very big spirit that is like gambling addiction and whenever you turn an addict, you can even go as far as selling your Bitcoin investment and when that one is gone you may still go and Borrow to trade that is how dangerous trading can be apart from the fact that it is very risky, so whosoever that wants to trade should just go straight and whosoever that wants to invest should also go straight instead of mixing or doing the two simultaneously it doesn't make sense, it is not a good strategy or approach.

Yeah trading can be like that sometimes especially to those that are new to it without any good skills , trading is not like Bitcoin investment everyone can invest in Bitcoin with the right principle and endup with a smooth investment with a nice result, while in the other hand trading is not for everyone is for those with the right skills because there are still folks at there making decent money from trading and there are still those losing from it, but those gaining from investing are much compare to traders because most traders usually endup given up after several losses. So stick with what work for you and always make sure you are doing it well , and this thread is for Bitcoin accumulating and holding not for playing with your Bitcoin in form of trading.

Trading is more difficult than Bitcoin investment, because you need to have the knowledge of Bitcoin trading before you can embark on Bitcoin trading to have a good income that will encourage you to stay long in Bitcoin trading. It's true that anyone can invest in Bitcoin investment to get what other investors are getting from the investment when they follow the simple instructions on how to hold for long term before They can plan to release their Bitcoin for sale to make a passive income. To show that trading is more difficult than Bitcoin investment, just take a look at the population of investors and traders in the community, you will know that trading is very difficult and I will encourage new traders over there to have the knowledge of Bitcoin trading before embarking on trading.

Before investing, some people may consider trading to get more profit, especially if they are new investors. Trading experience should be because otherwise you may be deprived of a lot of experience in long-term investment. Initially, I thought that buying Bitcoin at the Dips price and selling it at a higher price is such that you can be satisfied with only a small amount of profit. Later, with little experience, I withdrew from my idea and focused on continuously accumulating Bitcoin which is increasing the stack. If the price of Bitcoin is expected to rise even higher in the future that situation will allow me to be more successful than trading with a decent portfolio. Whether there is a tendency for the price of Bitcoin to dump or pump, there should be a tendency to continuously accumulate.

[Marvelockg]

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.

Why will you even be trading with your bitcoin holding? It doesn’t make send to me, if you are planning to hold your bitcoin, then it’s better you hold, but if you want to trade, then just focus on that, and if you are planning to do the two, just split the money you are having, leave some in your investment wallet, and be trading with one part on exchange, but touching your investment money frequently doesn’t really go well.

For anyone who is going to trade, it is likely important to keep some separate accounting and separate accounts, so that the trader never taps into the investment account, and if he wants to build his trading account, he need to accomplish that through building his trading balances.  It can be quite difficult for traders to sufficiently/adequately segregate their accounts, especially since they likely devolve into gambling behaviors, even if they had previously not been so much of a gambling type.

Yeah this is very true. It is of utmost importance to separate your trading account from your investment account. It just like you’re placing a blockade between money for playing around and money for serious business.

Trying to have a separate account for Bitcoin investment and doing trading might look really good while saying it untill you get started and discover that what you call investment is just a reserve that you will certainly run to as a source of refueling your trading account whenever you've ran out of funds for your trading. If you want to be a good bitcoin investor, your priority should be to avoid anything that will stands to push you into touching your asset at any slightest opportunity.

They may actually begin to rationalize some risky trades and be like, it’s okay, it’s just a little bit dip into the investment account, it’ll be easy to recover the losses. And before you actually realize what’s going on, they’ve activated a full blown gambling approach, resulting to loss chasing and other stuffs.

this is literally what I was saying, it's a risk you don't want ti get into by trying to engage in any form of trading while your plan is to invest for the long term. If you're at loss, the psychological effect it will have on you might  push you to making some decisions you would not be too proud of. Just imagine you lost it big in your thread and the need to recover your loss hits really hard and the option that looks really good that will help you recover your loss is to use your Bitcoin holding for your trade, you go on to use it and then everything start going down. Do you know how devastating that will be?

But when these funds are well separated, and not interchanged, it gives the investor/trader more control and some form of discipline and help them focus more on building their trading account with actual trading skills and not to rely on their investment for backup.

You want to know what real discipline and focus demand of you, it requires that you do what you're at least certain of it outcome and use the rest of your energy into something else that can even help you in building your investment portfolio.