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    Author Topic: Accumulating Bitcoin or trading Bitcoin which is more wise to do.  (Read 1235 times)
    Gladitorcomeback
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    June 10, 2024, 04:55:13 PM
     #141

    People that are asking this question, are not confused, just lost.

    If you trade Bitcoin, you are risking of losing your underlying Bitcoin in a bad trade. A lot of average day people do not have the right temperament to be professional traders. An online ebook course is not going to be enough for them to outsmart the trading bots, and the professional crypto analysts.

    The smartest thing they can do is buy what they can afford, and hold it.

    You are right about most people not having the temperament and enough patience to be able to become traders in a market that is extremely unpredictable because along with vast knowledge, you need a lot of patience to be able to make successful trades in this market, and if someone thinks they lack any of these qualities, trading is not for them and if they still go ahead just for the experience, they will only make themselves lose money and nothing else.

    Every person understands what kind of a nature they have and what qualities they posses, so it's not a question of not realizing it beforehand but it is a matter of ego, I believe, because when you know you aren't able to do something, you shouldn't do it in the first place instead of experimenting and losing money without any gains.

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