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Author Topic: Buy Buy Buy or Sell Sell Sell?  (Read 102031 times)
cryptoWODL
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February 17, 2025, 07:02:43 AM
 #3541

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.
As you mentioned that everyone has the right to choose themselves I agree with it. But if anyone makes a mistake in front of us after experience, it may be our duty or responsibility to teach him. So for those who decide to trade at the beginning, my only advice is to refrain from it. It should also say why you are not accepting simple things or trying to understand simple things. Start investing in Bitcoin by arranging your finances and taking things easy.

In fact, it is easy for everyone to invest in Bitcoin from the new situation, maybe it's not new because it is constantly being discussed. See Bitcoin investing a little knowledge and little money is needed and on the other hand, trading requires a lot of knowledge and experience as well as a lot of money. So those who are leaning towards trading instead of investment do not realize that they are misleading themselves.
Tonimez
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February 17, 2025, 08:04:40 AM
 #3542

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.
As you mentioned that everyone has the right to choose themselves I agree with it. But if anyone makes a mistake in front of us after experience, it may be our duty or responsibility to teach him. So for those who decide to trade at the beginning, my only advice is to refrain from it. It should also say why you are not accepting simple things or trying to understand simple things. Start investing in Bitcoin by arranging your finances and taking things easy.

In fact, it is easy for everyone to invest in Bitcoin from the new situation, maybe it's not new because it is constantly being discussed. See Bitcoin investing a little knowledge and little money is needed and on the other hand, trading requires a lot of knowledge and experience as well as a lot of money. So those who are leaning towards trading instead of investment do not realize that they are misleading themselves.
The point here is that preventive education is the best because one effect of trading is that when someone gets too exposed to the risk involved, he looses interest in not just trading but also in investing in bitcoin. I understand the power of choice and freedom of self determination but you won't leave someone perish because he chooses to.

Imagine coming home one day and seeing your a family member trying to commit suicide, will you allow him make the choice of life and death or insist on stopping him??

Most times there are choices that it's dangers are above it's gains. If newbies are allowed to make their choices, more than 70 percent would choose trading. And just like the prodigal son, when he looses every asset he would quit bitcoin investment completely. That you gambled today and won doesn't make gambling the best approach. Investing in a long term bitcoin accumulation should be taught on billboards and tech schools.

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February 17, 2025, 08:25:49 AM
 #3543

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.
As you mentioned that everyone has the right to choose themselves I agree with it. But if anyone makes a mistake in front of us after experience, it may be our duty or responsibility to teach him. So for those who decide to trade at the beginning, my only advice is to refrain from it. It should also say why you are not accepting simple things or trying to understand simple things. Start investing in Bitcoin by arranging your finances and taking things easy.

In fact, it is easy for everyone to invest in Bitcoin from the new situation, maybe it's not new because it is constantly being discussed. See Bitcoin investing a little knowledge and little money is needed and on the other hand, trading requires a lot of knowledge and experience as well as a lot of money. So those who are leaning towards trading instead of investment do not realize that they are misleading themselves.
The point here is that preventive education is the best because one effect of trading is that when someone gets too exposed to the risk involved, he looses interest in not just trading but also in investing in bitcoin. I understand the power of choice and freedom of self determination but you won't leave someone perish because he chooses to.

Imagine coming home one day and seeing your a family member trying to commit suicide, will you allow him make the choice of life and death or insist on stopping him??

Most times there are choices that it's dangers are above it's gains. If newbies are allowed to make their choices, more than 70 percent would choose trading. And just like the prodigal son, when he looses every asset he would quit bitcoin investment completely. That you gambled today and won doesn't make gambling the best approach. Investing in a long term bitcoin accumulation should be taught on billboards and tech schools.

Many people gave mace errors due to that same power of choice and lately I get tired to correcting anyone cause they make you look foolish for doing that, it's their choice anyway, they can do whatever they wish so far it doesn't affect me in anyway, the least I can do is try put them to other when they're making the wrong choices but I won't force it cause it's their decision to be made. Anyways the easiest way to make money through Cryptocurrency is buying and holding Bitcoin just thar it's requires one to be very patient and I consider that as perfect since patience is a virtue. Anyways it's never a wise decision for people to start their Crypto journey with trading, it might have a very huge short-term profit if lucky but the risk is very huge as well that's why the best option for me still remains Bitcoin Investment and not trading.

Joy- maker
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February 17, 2025, 10:49:01 AM
 #3544

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.
As you mentioned that everyone has the right to choose themselves I agree with it. But if anyone makes a mistake in front of us after experience, it may be our duty or responsibility to teach him. So for those who decide to trade at the beginning, my only advice is to refrain from it. It should also say why you are not accepting simple things or trying to understand simple things. Start investing in Bitcoin by arranging your finances and taking things easy.

In fact, it is easy for everyone to invest in Bitcoin from the new situation, maybe it's not new because it is constantly being discussed. See Bitcoin investing a little knowledge and little money is needed and on the other hand, trading requires a lot of knowledge and experience as well as a lot of money. So those who are leaning towards trading instead of investment do not realize that they are misleading themselves.
The point here is that preventive education is the best because one effect of trading is that when someone gets too exposed to the risk involved, he looses interest in not just trading but also in investing in bitcoin. I understand the power of choice and freedom of self determination but you won't leave someone perish because he chooses to.

Imagine coming home one day and seeing your a family member trying to commit suicide, will you allow him make the choice of life and death or insist on stopping him??

Most times there are choices that it's dangers are above it's gains. If newbies are allowed to make their choices, more than 70 percent would choose trading. And just like the prodigal son, when he looses every asset he would quit bitcoin investment completely. That you gambled today and won doesn't make gambling the best approach. Investing in a long term bitcoin accumulation should be taught on billboards and tech schools.

Many people gave mace errors due to that same power of choice and lately I get tired to correcting anyone cause they make you look foolish for doing that, it's their choice anyway, they can do whatever they wish so far it doesn't affect me in anyway, the least I can do is try put them to other when they're making the wrong choices but I won't force it cause it's their decision to be made. Anyways the easiest way to make money through Cryptocurrency is buying and holding Bitcoin just thar it's requires one to be very patient and I consider that as perfect since patience is a virtue. Anyways it's never a wise decision for people to start their Crypto journey with trading, it might have a very huge short-term profit if lucky but the risk is very huge as well that's why the best option for me still remains Bitcoin Investment and not trading.
when it come to choice making in bitcoin investment everybody should be conscious and making choices wisely, for the choice you make today determines your bitcoin investment future tomorrow, buying bitcoins and holding them for a long period of time using the DCA strategy is less risky and more profitable than trading out your bitcoins in a short period of time which is more riskier, in as much as trading gives quick money, profit making is not guaranteed it can also bring you down to zero,  buying and holding of bitcoin doesn't give quick money but your profit is guaranteed because the price of bitcoin most surely go up one day  in other for you to sell your bitcoin and make massive profit.
As for me I we keep buying and holding bitcoin till the market hit my target and I we also advise everyone to do the same rather than trading out there bitcoins for quick money.

BitBakerr1
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February 17, 2025, 11:21:49 AM
 #3545

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.

Yes this is true, and I will also advise you don't use the same wallet you are using for your Bitcoin investment to trade let it be a different wallet and then you use a separate funds, if you use same wallet to trade and invest you will have an issue because you may be tempted to use your investment to trade so is better you use different wallet, and when trading do it for fun, trading for fun those not mean that you are won't also make money from it, it means that you won't take it as your means of survival or your source of income and trading should be done with a very small percent of your discretionary income and then you use a more larger percentage for your investment that is if you most trade.











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obuoma
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February 17, 2025, 11:37:32 AM
Last edit: February 17, 2025, 06:52:55 PM by obuoma
 #3546

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.
Although what you said sound good. But for me it may not be too helpful if you have long term investment mindsets. This may lead to divided attention because even if  you have separate account for trading and for bitcoin investment what of if you did not get it right in your trading  and unfortunately you get addicted to it that is to say your bitcoin account is not safe because you will definitely tamper with it.                                                                                                                                                                                                                            
Am speaking from experience I had been into trading for sometimes but it does not favour me which I even got addicted to it along the line. Every fund that entered my hands I make sure I put it in trading because I got addicted to it but thank God I was able to quits trading before I even joined this forum. Trading comes with too much emotional stress. And since I started investing in bitcoin I now have rest of mind.

Joy- maker
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February 17, 2025, 12:00:06 PM
 #3547

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.

Yes this is true, and I will also advise you don't use the same wallet you are using for your Bitcoin investment to trade let it be a different wallet and then you use a separate funds, if you use same wallet to trade and invest you will have an issue because you may be tempted to use your investment to trade so is better you use different wallet, and when trading do it for fun, trading for fun those not mean that you are won't also make money from it, it means that you won't take it as your means of survival or your source of income and trading should be done with a very small percent of your discretionary income and then you use a more larger percentage for your investment that is if you most trade.
To me I see trading and at thesame time investment in bitcoin  as a total distraction, one should just centralize his or her focus on one, either you are trading or you are investing, know what you are doing choose one and focus, there is nothing like one should be investing and be trading for fun what fun, there is no fun there, bitcoin investment is not a playing ground, anything you are  do towards bitcoin should be done with focus and with one mindset and not investing and trading at the same time, because you we definitely trade out all the bitcoin that you have accumulated so far, even if you have separate wallet for both of them you we be tempted one day to trade from your investment wallet, when you run out of bitcoin from your trading wallet, this is my own opinion/advice.

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February 17, 2025, 12:02:32 PM
Merited by JayJuanGee (1)
 #3548

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.
The assumptions you say are not completely wrong. Because it is true that when someone has been a trader, it is likely that that person will already have sufficient experience. But in my personal opinion, if someone wants to invest in Bitcoin, they don't need to be a trader first. Because in essence, when someone wants to invest in Bitcoin, that person only needs to prepare cold money, a wallet and an exchange. If you already have this, someone can immediately invest in bitcoin. So in my opinion there is no need to bother having to be a trader first to become a bitcoin investor. Because if we talk about experience, of course as time goes by this experience will definitely increase. Apart from that, in my personal opinion, if a trader turns into an investor in Bitcoin, I would doubt that person more. Because that person could fall back into the realm of traders. Because it cannot be denied, many traders really have difficulty forgetting this habit, even though they have experienced losses. That's why I personally recommend not becoming a trader if you want to invest in bitcoin. Because are afraid that their investment will not be successful and they will instead be trapped in the realm of trading.

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February 17, 2025, 12:17:35 PM
Last edit: February 17, 2025, 02:39:24 PM by Joy- maker
 #3549

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.
The assumptions you say are not completely wrong. Because it is true that when someone has been a trader, it is likely that that person will already have sufficient experience. But in my personal opinion, if someone wants to invest in Bitcoin, they don't need to be a trader first. Because in essence, when someone wants to invest in Bitcoin, that person only needs to prepare cold money, a wallet and an exchange. If you already have this, someone can immediately invest in bitcoin. So in my opinion there is no need to bother having to be a trader first to become a bitcoin investor. Because if we talk about experience, of course as time goes by this experience will definitely increase. Apart from that, in my personal opinion, if a trader turns into an investor in Bitcoin, I would doubt that person more. Because that person could fall back into the realm of traders. Because it cannot be denied, many traders really have difficulty forgetting this habit, even though they have experienced losses. That's why I personally recommend not becoming a trader if you want to invest in bitcoin. Because are afraid that their investment will not be successful and they will instead be trapped in the realm of trading.
this is exactly what I'm talking about, if you want to be a trader be a trader, if you want to be an investor be an investor, don't devide yourself and your attention focus on one, do the one you know  best, do the one you know you can take the risk, everybody must not trade, and everybody must not do investment, so I see no reason why someone we be investing and trading at the same time, what for, is it not to distract yourself.

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February 17, 2025, 01:36:53 PM
 #3550

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.
The assumptions you say are not completely wrong. Because it is true that when someone has been a trader, it is likely that that person will already have sufficient experience. But in my personal opinion, if someone wants to invest in Bitcoin, they don't need to be a trader first. Because in essence, when someone wants to invest in Bitcoin, that person only needs to prepare cold money, a wallet and an exchange. If you already have this, someone can immediately invest in bitcoin. So in my opinion there is no need to bother having to be a trader first to become a bitcoin investor. Because if we talk about experience, of course as time goes by this experience will definitely increase. Apart from that, in my personal opinion, if a trader turns into an investor in Bitcoin, I would doubt that person more. Because that person could fall back into the realm of traders. Because it cannot be denied, many traders really have difficulty forgetting this habit, even though they have experienced losses. That's why I personally recommend not becoming a trader if you want to invest in bitcoin. Because are afraid that their investment will not be successful and they will instead be trapped in the realm of trading.
this is exactly what I'm talking about, if you want to be a trader be a trader, if you want to be an investor be an investor, don't devide yourself and your attention focus on one, do the one you know  best, do the one you know you can take the rick, everybody must not, and everybody must not investment, so I see no reason why someone we be investing and trading at the same time, what for, is it not distract yourself.
You this guy, honestly you aren't learning, why would you even say that investment is not for everyone, it's only those that have a blood convenant with poverty that will say such a thing that investment is not for them, or are you part of those people who believes that investment is not for them?
If you are saying that business is not for everyone, it's quite understandable because not everyone has what it takes to run s business, but when it comes to investment, it's like making your money work for you, and Bitcoin investment falls into such category where you buy it, hold and let it grow overtime, since it's an asset that appreciate in value overtime.

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February 17, 2025, 02:19:05 PM
Last edit: February 17, 2025, 02:36:39 PM by Joy- maker
 #3551

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.
The assumptions you say are not completely wrong. Because it is true that when someone has been a trader, it is likely that that person will already have sufficient experience. But in my personal opinion, if someone wants to invest in Bitcoin, they don't need to be a trader first. Because in essence, when someone wants to invest in Bitcoin, that person only needs to prepare cold money, a wallet and an exchange. If you already have this, someone can immediately invest in bitcoin. So in my opinion there is no need to bother having to be a trader first to become a bitcoin investor. Because if we talk about experience, of course as time goes by this experience will definitely increase. Apart from that, in my personal opinion, if a trader turns into an investor in Bitcoin, I would doubt that person more. Because that person could fall back into the realm of traders. Because it cannot be denied, many traders really have difficulty forgetting this habit, even though they have experienced losses. That's why I personally recommend not becoming a trader if you want to invest in bitcoin. Because are afraid that their investment will not be successful and they will instead be trapped in the realm of trading.
this is exactly what I'm talking about, if you want to be a trader be a trader, if you want to be an investor be an investor, don't devide yourself and your attention focus on one, do the one you know  best, do the one you know you can take the rick, everybody must not, and everybody must not investment, so I see no reason why someone we be investing and trading at the same time, what for, is it not distract yourself.
You this guy, honestly you aren't learning, why would you even say that investment is not for everyone, it's only those that have a blood convenant with poverty that will say such a thing that investment is not for them, or are you part of those people who believes that investment is not for them?
If you are saying that business is not for everyone, it's quite understandable because not everyone has what it takes to run s business, but when it comes to investment, it's like making your money work for you, and Bitcoin investment falls into such category where you buy it, hold and let it grow overtime, since it's an asset that appreciate in value overtime.
I think you are  misunderstanding everything thing, i was referring to peolpe who are trading for fun at thesame time investing, if  you want to be a trader be a trader, if you want to an investor be an investor don't combine the two to avoid being distracted, that was when I said that everybody must trade and  everybody must not investment  in other for not to be distracted focus on one. So tell me  what did I say wrongly here. And what you highlighted is a typing error.

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February 17, 2025, 03:00:28 PM
 #3552

I think you are  misunderstanding everything thing, i was referring to peolpe who are trading for fun at thesame time investing, if  you want to be a trader be a trader, if you want to an investor be an investor don't combine the two to avoid being distracted, that was when I said that everybody must trade and  everybody must not investment  in other for not to be distracted focus on one. So tell me  what did I say wrongly here.

Are there any set of people that are trading for fun? If there are, it’s really funny because they are just deceiving themselves, thinking they are deceiving others by using the word "fun" to cover their trading. I don't think they are trading for fun; they are trading to make money. However, maybe after they lose their funds, they just not want to be blame by their close people who advised them no to trade. These traders use "fun" to cover up.

If someone wants to trade for fun, it can be done using a demo account instead of risking their own funds. The truth about combining investment and trading is that someone might one day get tempted to touch their investment funds. From there, the person might end up using all their investment money for trading when they don’t have other options getting money to trade.

Trading is just like gambling. After someone gambles the money they intended to risk and loses it, they often look at the money available around them and gamble with that. For some people, trading feels like gambling because they are looking for quick money, which is not easy to get.

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February 17, 2025, 03:27:00 PM
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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.
As you mentioned that everyone has the right to choose themselves I agree with it. But if anyone makes a mistake in front of us after experience, it may be our duty or responsibility to teach him. So for those who decide to trade at the beginning, my only advice is to refrain from it. It should also say why you are not accepting simple things or trying to understand simple things. Start investing in Bitcoin by arranging your finances and taking things easy.

In fact, it is easy for everyone to invest in Bitcoin from the new situation, maybe it's not new because it is constantly being discussed. See Bitcoin investing a little knowledge and little money is needed and on the other hand, trading requires a lot of knowledge and experience as well as a lot of money. So those who are leaning towards trading instead of investment do not realize that they are misleading themselves.
The point here is that preventive education is the best because one effect of trading is that when someone gets too exposed to the risk involved, he looses interest in not just trading but also in investing in bitcoin. I understand the power of choice and freedom of self determination but you won't leave someone perish because he chooses to.

Imagine coming home one day and seeing your a family member trying to commit suicide, will you allow him make the choice of life and death or insist on stopping him??

Most times there are choices that it's dangers are above it's gains. If newbies are allowed to make their choices, more than 70 percent would choose trading. And just like the prodigal son, when he looses every asset he would quit bitcoin investment completely. That you gambled today and won doesn't make gambling the best approach. Investing in a long term bitcoin accumulation should be taught on billboards and tech schools.

Many people gave mace errors due to that same power of choice and lately I get tired to correcting anyone cause they make you look foolish for doing that, it's their choice anyway, they can do whatever they wish so far it doesn't affect me in anyway, the least I can do is try put them to other when they're making the wrong choices but I won't force it cause it's their decision to be made. Anyways the easiest way to make money through Cryptocurrency is buying and holding Bitcoin just thar it's requires one to be very patient and I consider that as perfect since patience is a virtue. Anyways it's never a wise decision for people to start their Crypto journey with trading, it might have a very huge short-term profit if lucky but the risk is very huge as well that's why the best option for me still remains Bitcoin Investment and not trading.
when it come to choice making in bitcoin investment everybody should be conscious and making choices wisely, for the choice you make today determines your bitcoin investment future tomorrow, buying bitcoins and holding them for a long period of time using the DCA strategy is less risky and more profitable than trading out your bitcoins in a short period of time which is more riskier, in as much as trading gives quick money, profit making is not guaranteed it can also bring you down to zero,  buying and holding of bitcoin doesn't give quick money but your profit is guaranteed because the price of bitcoin most surely go up one day  in other for you to sell your bitcoin and make massive profit.
As for me I we keep buying and holding bitcoin till the market hit my target and I we also advise everyone to do the same rather than trading out there bitcoins for quick money.
When you trade you are gambling and gambling you put you in so much high blood pressure the risk involved too is too much because gambler thinking is just to get profit very quick rather than investing keeping their bitcoin for so much years by then you have been able to buy plenty bitcoin and might still have more profits then the person trading because the price you buy today might not the price it will be in 4 to 5 years coming.
Choose bitcoin investment instead of trading.

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February 17, 2025, 04:42:07 PM
 #3554

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.
As you mentioned that everyone has the right to choose themselves I agree with it. But if anyone makes a mistake in front of us after experience, it may be our duty or responsibility to teach him. So for those who decide to trade at the beginning, my only advice is to refrain from it. It should also say why you are not accepting simple things or trying to understand simple things. Start investing in Bitcoin by arranging your finances and taking things easy.

In fact, it is easy for everyone to invest in Bitcoin from the new situation, maybe it's not new because it is constantly being discussed. See Bitcoin investing a little knowledge and little money is needed and on the other hand, trading requires a lot of knowledge and experience as well as a lot of money. So those who are leaning towards trading instead of investment do not realize that they are misleading themselves.
The point here is that preventive education is the best because one effect of trading is that when someone gets too exposed to the risk involved, he looses interest in not just trading but also in investing in bitcoin. I understand the power of choice and freedom of self determination but you won't leave someone perish because he chooses to.

Imagine coming home one day and seeing your a family member trying to commit suicide, will you allow him make the choice of life and death or insist on stopping him??

Most times there are choices that it's dangers are above it's gains. If newbies are allowed to make their choices, more than 70 percent would choose trading. And just like the prodigal son, when he looses every asset he would quit bitcoin investment completely. That you gambled today and won doesn't make gambling the best approach. Investing in a long term bitcoin accumulation should be taught on billboards and tech schools.

Many people gave mace errors due to that same power of choice and lately I get tired to correcting anyone cause they make you look foolish for doing that, it's their choice anyway, they can do whatever they wish so far it doesn't affect me in anyway, the least I can do is try put them to other when they're making the wrong choices but I won't force it cause it's their decision to be made. Anyways the easiest way to make money through Cryptocurrency is buying and holding Bitcoin just thar it's requires one to be very patient and I consider that as perfect since patience is a virtue. Anyways it's never a wise decision for people to start their Crypto journey with trading, it might have a very huge short-term profit if lucky but the risk is very huge as well that's why the best option for me still remains Bitcoin Investment and not trading.
when it come to choice making in bitcoin investment everybody should be conscious and making choices wisely, for the choice you make today determines your bitcoin investment future tomorrow, buying bitcoins and holding them for a long period of time using the DCA strategy is less risky and more profitable than trading out your bitcoins in a short period of time which is more riskier, in as much as trading gives quick money, profit making is not guaranteed it can also bring you down to zero,  buying and holding of bitcoin doesn't give quick money but your profit is guaranteed because the price of bitcoin most surely go up one day  in other for you to sell your bitcoin and make massive profit.
As for me I we keep buying and holding bitcoin till the market hit my target and I we also advise everyone to do the same rather than trading out there bitcoins for quick money.

  I don't agree with that point of yours saying that profits in Bitcoin is guaranteed, Bitcoin is not 100 percent guarantee and that is where we are all expected to invest from our left over cash after taken care of our important needs, for you saying that profits is guaranteed in buying and holding bitcon can make one thinks that Bitcoin is 100 percent risk free when it is not.

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February 17, 2025, 05:44:51 PM
 #3555

To me I see trading and at thesame time investment in bitcoin  as a total distraction, one should just centralize his or her focus on one, either you are trading or you are investing, know what you are doing choose one and focus, there is nothing like one should be investing and be trading for fun what fun
Why do you even think involving yourself in both trading, and investment is total waste of time? I don’t really see anything bad in doing the two, as long as you know you can manage the two.

Mostly investment should be for a long period of time if you are expecting a maximum profit. And if you are trading, you can be earning on a daily basis, and you will be using the money to take care of yourself, so involving yourself in the two is not really a bad idea, as long as you can do it. I know some people that involve themselves in trading for survival, and they are still holding some bitcoin, and they are really fine, so I don’t know why you think involving yourself in the two is distraction.

Most people trading are not doing it for fun, they are doing it just because they want to make money from it, and I don’t think there is anything bad in it.

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February 17, 2025, 05:54:15 PM
 #3556

When it comes to bitcoin investment, we should have it at the back of our mind, that bitcoin is not risk free that because it is volatile in nature and it doesn't guarantee 100% return that's why we always advice that for someone to be on the safer side and take control over their emotions that they should invest what he or she can afford to lose in bitcoin.

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February 17, 2025, 06:10:12 PM
Last edit: February 17, 2025, 09:32:05 PM by JayJuanGee
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 #3557

To me I see trading and at thesame time investment in bitcoin  as a total distraction, one should just centralize his or her focus on one, either you are trading or you are investing, know what you are doing choose one and focus, there is nothing like one should be investing and be trading for fun what fun
Why do you even think involving yourself in both trading, and investment is total waste of time? I don’t really see anything bad in doing the two, as long as you know you can manage the two.

Mostly investment should be for a long period of time if you are expecting a maximum profit. And if you are trading, you can be earning on a daily basis, and you will be using the money to take care of yourself, so involving yourself in the two is not really a bad idea, as long as you can do it. I know some people that involve themselves in trading for survival, and they are still holding some bitcoin, and they are really fine, so I don’t know why you think involving yourself in the two is distraction.

Most people trading are not doing it for fun, they are doing it just because they want to make money from it, and I don’t think there is anything bad in it.

A lot of traders are dumb to believe that they are able to consistently make money on trading in order to be able to live off of their trading.  It likely would be best to have a separate income so that you are building up your trading capital and experience, and sure if you have two accounts, then you can also build up your investment capital with your other speparate income.  

Sure, if you are able to build up your experience and your trading capital to a certain amount, then maybe at some point you will be able to withdraw some profits from from your trading account, but it seems quite unrealistic to presume any kind of an ability to live off of your profits from your trades, especially in any kind of consistent or meaningful way.  Many traders work pretty hard to build up the capital in  their trading account(s), yet sure, I am not going to deny that traders may well have unrealistic and dumb fantasy ideas like you mentioned - a belief that they can actually draw income from their trading account (and trading activities).

Edited to clarify

1) Self-Custody is a right.  Resist being labelled as: "non-custodial" or "un-hosted."  2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized.  3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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February 17, 2025, 06:11:32 PM
 #3558

this is exactly what I'm talking about, if you want to be a trader be a trader, if you want to be an investor be an investor, don't devide yourself and your attention focus on one, do the one you know  best, do the one you know you can take the risk, everybody must not trade, and everybody must not do investment, so I see no reason why someone we be investing and trading at the same time, what for, is it not to distract yourself.

Buddy this seem like an advise if am not mistaking, this is even funny for a newbie like you to be mentioning trading in the first place, that's to say maybe you're just a newbie here not actually a newbie in Bitcoin, buddy it seems you don't really understand what we have been preaching here, if you do, I don't think you'll be mentioning trading in the first place, trading should never be part of Bitcoin investment because it goes against the long-term concept of Bitcoin investment that we know, in as much as my advise is clear I know I can't force anyone to do things the way I want it but I will keep saying it that Bitcoin investment remains a long-term investment which should be adhered to if we really want to achieve our long-term goals in it.

Buddy I think there are things you should be telling your fellow newbies, what you do you mean by focusing on trading if they want, we are not here to tell anyone to focus on any form of trading rather we kick against trading because of the danger it portrays to Bitcoin investment, trading isn't part of Bitcoin investment, trading is just an act of seeking for quick money by some individual who believe that Bitcoin is a quick money making scheme and we may have it many of them end up halfway without getting their expectation.

So I expect you to concentrate on writeups that will encourage your fellow newbies to learn some stuff about Bitcoin investment strategies from you, though I also understand the whole content of your message but it will be preferable if you concentrate on saying things that are relating to how newbies can invest in Bitcoin without good strategies with ease and without stress.

 
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February 17, 2025, 06:16:52 PM
 #3559

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.
As you mentioned that everyone has the right to choose themselves I agree with it. But if anyone makes a mistake in front of us after experience, it may be our duty or responsibility to teach him. So for those who decide to trade at the beginning, my only advice is to refrain from it. It should also say why you are not accepting simple things or trying to understand simple things. Start investing in Bitcoin by arranging your finances and taking things easy.

In fact, it is easy for everyone to invest in Bitcoin from the new situation, maybe it's not new because it is constantly being discussed. See Bitcoin investing a little knowledge and little money is needed and on the other hand, trading requires a lot of knowledge and experience as well as a lot of money. So those who are leaning towards trading instead of investment do not realize that they are misleading themselves.
The point here is that preventive education is the best because one effect of trading is that when someone gets too exposed to the risk involved, he looses interest in not just trading but also in investing in bitcoin. I understand the power of choice and freedom of self determination but you won't leave someone perish because he chooses to.

Imagine coming home one day and seeing your a family member trying to commit suicide, will you allow him make the choice of life and death or insist on stopping him??

Most times there are choices that it's dangers are above it's gains. If newbies are allowed to make their choices, more than 70 percent would choose trading. And just like the prodigal son, when he looses every asset he would quit bitcoin investment completely. That you gambled today and won doesn't make gambling the best approach. Investing in a long term bitcoin accumulation should be taught on billboards and tech schools.

Many people gave mace errors due to that same power of choice and lately I get tired to correcting anyone cause they make you look foolish for doing that, it's their choice anyway, they can do whatever they wish so far it doesn't affect me in anyway, the least I can do is try put them to other when they're making the wrong choices but I won't force it cause it's their decision to be made. Anyways the easiest way to make money through Cryptocurrency is buying and holding Bitcoin just thar it's requires one to be very patient and I consider that as perfect since patience is a virtue. Anyways it's never a wise decision for people to start their Crypto journey with trading, it might have a very huge short-term profit if lucky but the risk is very huge as well that's why the best option for me still remains Bitcoin Investment and not trading.
when it come to choice making in bitcoin investment everybody should be conscious and making choices wisely, for the choice you make today determines your bitcoin investment future tomorrow, buying bitcoins and holding them for a long period of time using the DCA strategy is less risky and more profitable than trading out your bitcoins in a short period of time which is more riskier, in as much as trading gives quick money, profit making is not guaranteed it can also bring you down to zero,  buying and holding of bitcoin doesn't give quick money but your profit is guaranteed because the price of bitcoin most surely go up one day  in other for you to sell your bitcoin and make massive profit.
As for me I we keep buying and holding bitcoin till the market hit my target and I we also advise everyone to do the same rather than trading out there bitcoins for quick money.
When you trade you are gambling and gambling you put you in so much high blood pressure the risk involved too is too much because gambler thinking is just to get profit very quick rather than investing keeping their bitcoin for so much years by then you have been able to buy plenty bitcoin and might still have more profits then the person trading because the price you buy today might not the price it will be in 4 to 5 years coming.
Choose bitcoin investment instead of trading.


I guess this thread is not about trading and we shouldn't be having this conversation but I want to make something very clear to you which is, ordinary trading can not make someone to have high blood pressure rather it is a trader that will make him or herself have high blood pressure what I mean by this is that if you are  trading with what you can afford to let go that is a left over fund there is no way you will have high blood pressure even if you incur loss but a case whereby a trader uses a money he or she is suppose to use to settle something or clear some expenses for trading because of greed, it is very clear that the person is inviting high blood pressure so whether Bitcoin or trading it is advisable to use what one can afford to let go.











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February 17, 2025, 06:17:05 PM
 #3560

To me I see trading and at thesame time investment in bitcoin  as a total distraction, one should just centralize his or her focus on one, either you are trading or you are investing, know what you are doing choose one and focus, there is nothing like one should be investing and be trading for fun what fun
Why do you even think involving yourself in both trading, and investment is total waste of time? I don’t really see anything bad in doing the two, as long as you know you can manage the two.

Mostly investment should be for a long period of time if you are expecting a maximum profit. And if you are trading, you can be earning on a daily basis, and you will be using the money to take care of yourself, so involving yourself in the two is not really a bad idea, as long as you can do it. I know some people that involve themselves inproperng for survival, and they are still holding some bitcoin, and they are really fine, so I don’t know why you think involving yourself in the two is distraction.

Most people trading are not doing it for fun, they are doing it just because they want to make money from it, and I don’t think there is anything bad in it.
 Nobody is saying that trading and at the same time investing in bitcoin  is a total waste of time if you can handle both there is no problem with that, but come to think of it if you are trading  at the sametime you are investing how can you apply the proper DCA strategy, to me I don't Think if you can apply the pproper DCA strategy, because you be distracted with trading, there is a probability that you might be in total confusion where you we contemplating the account to fund and not to fund and end up not accumulating enough bitcoin for future holding.

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