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Cryptocurrency Trading / Re: Hold and trade which is best for you?
« on: May 09, 2024, 11:15:45 PM »In investing we only buy when it is bearish and hold, while in trading we must always monitor the market. In contrast to long-term holding, we only wait for the bullish season. both btcu experience and knowledge. in trading and holding. but trading requires the ability to predict short termsYou are right, if we are not a professional trader, we should become a long-term holder, because this is safer and more profitable. Becoming a professional trader requires experience and of course having analysis and predictions that are close to accurate, and as you said being able to manage emotions well.
Trading is easy but for those who Know about it and who have gained experience in trading by losing a major part of their income so they have sacrificed their money, time and emotions just for future success. But nowadays everyone wants to earn huge money without losing a penny and without hiding their emotions but it is not possible as every success requires patience and will happen in due time.
It does not mean that investment does not require knowledge and experience but during investment you have patience you can carry your investment until a time arrives when you can sell it in huge price. Trading and investment both need knowledge and experience but there is a greater chance to lose in trading then Investment therefore everyone suggests newbies to enter first into investment rather than trading.