Quit trading small amounts for worthless fiat. You're trading away real assets and staying broke. In five years, you'll look back and regret every satoshi you sold. Keep chasing those quick gains; we'll just keep stacking BTC.
Your explanation is very poor.
If it is altcoins that you are talking about, I will not agree. But if it is bitcoin that you are talking about, I will agree. You do not need to call it trading, just call it sell. I mean you can say people should not sell their bitcoin but buy more bitcoin.
If it is mining, it is very expensive to set up bitcoin mining now. I prefer to just hold bitcoin.
If you are referring to trading, although I do not think it is what you are referring to, it is very risky.
I assume hes talking about bitcoin because he mentioned Sat somewhere in his one paragraph post. Stacking Altcoins especially the news ones is very risky and most people that do that just want to make money off the pump which will probably never happen and they end of losing the money they invested.
Bitcoin mining is very expensive for sure and Hodl is kinda cheaper since someone can just DCA even if he doesnt have huge capital to start the investment but Mining will require a huge amount of capital for a start.
Hes post is very short, but hes very probably referring to selling as you said above rather than the actual crypto trading.
We have a deal !!!!
I completely agree i would say that risk profile of altcoins doesnt compare to Bitcoin 256 SHA which is risky i mean you risk the entry for mining vs. simply stacking which is solid logic.
You got the right mindset... I wish i had the same mindset in 2017 2018 ... but like solo minners say it's all about time up not hashrate , i mean you have to be consistent !
When it comes to what Bitcoin is, it is, in fact, a means of transaction. People who treat Bitcoin as an asset to hold cannot be blamed, becauseas weve understood all alongBitcoin is often held as an asset with the goal of profiting from price appreciation, and that is a matter of personal freedom.
The reason people trade Bitcoin is not inherently bad. Perhaps they do so to gradually accumulate more Bitcoin through trading.
I did already regret my early sell offs but, I have no choice in doing that because I have to. And I even traded BTC for some useless memecoins that have cost me that much money. I've learned already and that's why I am trying to rebuild my portfolio and stacking as much as I can. I know that someday those past losses will be recovered and despite that the market is crashing right now, this is the right time to stock up.
Your truth about past mistakes creates genuine trust, im mean proving that the most successful traders or minners are often those who learned from the hardest lessons ... Respect. .
Maybe it s another sight , i mean acknowledging that while pure stacking is ideal, but respecting the diversity of individual strategies is what keeps the ecosystem liquid and mature of course .!, I prefer minning any ways !
Yeah exactly, that's because we don't want to make another mistake in the coming years and right now that the best thing to do is to be prepared. Learn from the mistakes and stack as much as we can because it's going to get harder in the coming years to accumulate more. I won't mine since it's quite expensive so my best option is to stack as long as I can and if my budget permits.
Being consistent is the thing that they must have for Bitcoin investment. Don't worry if people wants to test their lucky but if they still choose altcoins, they will confuse why their coins not increase. But if they invest in Bitcoin, they can expecting a rising in the next ATH so they can sell at profits. You don't have to feels bad because you have more time to continuing your Bitcoin investment. Makes your previous mistakes as your hard learned so you know how to avoid the mistakes and keep consistent. Just keep stacking Bitcoin and focus on that and don't bothers to think others.
I support bitcoin investment but everyone must not choose this path to making huge profit, that's why we have trading as alternative for those who think they have what it takes to be traders.
There are people that are succeeding with trading and that's probably because they couldn't do better with the investment area.
I would like to conclude it here by saying that let everyone do what they think works for them. If it's trading then do it with all seriousness and discipline, likewise if it's bitcoin investment.
Mining is a good idea, although it requires equipment, including electricity, which are not cheap or require significant costs.
I believe that not all people who trade to convert to Bitcoin from the profits they earn are trading Bitcoin. They may trade altcoins. These profits can then be converted into Bitcoin. This is part of how to acquire Bitcoin.
I Did the switch from trading field to solo mining as a work not just a hobby after losing too much on hype, I aadmit that its slower, but stacking sats consistently is the only thing that actually builds wealth.
Discipline > gambling. ( supériority )!
Everyone has their own path that they choose is right and we should respect that, the OP may just be giving advice from his POV, no coercion or anything is always good as someone who is trying to contribute good to others whether we agree with it or not.
I agree with hoarding Satoshi for the long term but I don't agree if we have to mine as a way of collecting satoshi, we can buy with our work or get rewards from signature campaigns or trading results or anything else that is an activity that generates value in exchange for Satoshi.
I support Bitcoin investments, and I even support not selling. By buying and selling patiently and at the right times, you can make a profit or even increase your Bitcoin holdings; there are people who have succeeded in doing this. Buying and selling altcoins is risky staking seems more logical to me in some situations. But I must say, it's possible to make significant profits in altcoins as well.
I completely agree with you that if a man has opportunity that gives the ability to actually mine bitcoin now and I means with sophisticated equipment which gives him good hashrate or power to compete and get blocks mined I would say its the best option to take. But right now why people actually go against it is that bitcoin mining most specifically solo mining is not feasible at the moment for someone to start. It will be real hard to compete with those mining pools. In this period I usually recommend holding too.
When you see people actually rating trading least as a means of bitcoin accumulation is because of the level of risk and seriously trading is the most risky way to do that most especially future trading with high leverages you lose everything to the market again. Yes they are successful trader but do you also know that the most successful traders are actually great bitcoin investors or holders? This is because they feel like most of their capital shouldnt be on trading but should be held.
For real I can never understand why people will want to refer trading to selling, honestly when ever I hear traditional I just imagine the actual trading market and not just normal selling.
Although I believe the OP was saying that stop trading your asset to maybe altcoins or other asset and start accumulating Bitcoin, regardless I believe the post isn't complete and I don't think only Bitcoin and altcoins are the only opportunities available to everyone, for me hold Bitcoin which is very important and do your research on any other thing you are interested in.
Dead men tells no tale, let that sink it, the fact that I don't know when I will die makes more think carefully, I always treat myself to good food after every success steps that I take, once the result is out I am going to enjoy a bit.
A doctor I knew died yesterday, he is very popular in savings lives, he was about to walk into his hospital yesterday and he fell, the nurses rushed to him and later he died.
I'm just saying, it's not everyone that keeps stacking Bitcoin will eat from that gathering that's been done by them, many Bitcoin wallet address are not active today because the holder is no more.
It's not everyone that can mine. While others can patiently stack their coins, others prefer the DCA method while the remaining don't have the stomach for investing at all so no need to mount pressure on anyone like they've got some deadline to meet.
Bitcoin is very profitable but if there's a continuous dip, even those who have a high risk tolerance rate will panic and want to pause a bit.
It is the basic understanding of some people in the crypto market that makes them believe that if they are trading the Bitcoin they have in their wallets into another cryptocurrency or into physical cash, that They are traders whereas the actual trading is in understanding how to enter buy and sell positions in the market, but to these people their knowledge of trading is far from that. The opportunities in the crypto market are distributed among different parts, to some people they will benefit from opportunities in trading, Why some people do benefit from the opportunities in mining while others will simply benefit from the opportunities in simply buying and holding their Bitcoin. Of all which benefit from Bitcoin the surest way that you can benefit even without any serious knowledge except for security is simply by buying and holding. Trading and mining require more serious knowledge.
I think that more than a semantic problem, it is usually a simple translation problem, since it is not the first time that I have read the term trading with that meaning, and I have the vague memory that these were people who were not native English-speakers (although it doesn't seem the case here).
But indeed, for those of us who move through this crypto world, the term trading goes much further than the simple fact of selling Bitcoin to fiat (meaning that we have inherited from Wall Street, by the way).