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Author Topic: What is the main reason why you trade  (Read 6459 times)

Online milewilda

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Re: What is the main reason why you trade
« Reply #105 on: November 10, 2024, 03:10:37 AM »

I will only encourage bitcoin holding than altcoin holding because altcoin can't be predicted for any reason, so bitcoin is more reliable couples to holding of altcoins and of course holding is fine but what matter's is to have the right coin in your custody than holding of these shitcoin or altcoin with fake promises to gain some so so x in returns, making their investors to have higher trust that their holdings would possibly gives them increase they expected in years to come but at last turns down to be extremely worthless coin.
Bitcoin remains the first choice in investing, but altcoin is a coin that can be used as an alternative to diversify. for those who have knowledge and experience, they also observe the top altcoins and say it can be predicted even though bitcoin remains the safest and least risky choice. but the top altcoins also have a small risk if we are right when entering.
If you do really like some sort of assurance or having that kind of security with your investment in comparing with Bitcoin or altcoins then better stick into Bitcoin and pretty sure that all of us would really be that agreeing into this, it is really just that there are those individuals who do really want or like to earn even more and thats the main reason on why they would
really be trying out to deal with meme coins or into those altcoins on which it is really that in low caps. It will really be that up to you on how you would be dealing up with things
because its impossible that you cant be able to determine in between those risks and its up to someones choice on which one you will be preferring.

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Re: What is the main reason why you trade
« Reply #105 on: November 10, 2024, 03:10:37 AM »

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Online LogitechMouse

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Re: What is the main reason why you trade
« Reply #106 on: November 10, 2024, 09:47:28 AM »
Here to get few reasons why we trade and of course many of us here would say they trade to double their money and if that then it would be very hard for us to succeed in trading. Just as what most people says they gamble to make additional profits or to have double stream of income but at later ends turning very bad at them were they suddenly became addicted gambler.

Don't you think a trader can as well become addicted?
TBH, I don't see any reason why traders are trading aside from the fact that they want to make money from it. Those who thinks that they're gambling for the sake of profit doesn't mean that they will end up losing because there are some who end up making profit through trading constantly. There might be some who end up losing, but that's not the case for some traders.

I also came back to trading despite losing 3x, and the reason? I want to make money off of it. Currently, I'm in profit, but I don't consider it as gambling just because I want to double my money. Still, I respect your perception towards this thing. As for the final question that you shared, there might be some traders out there that are addicted as well. Addicted to make money and while most ended up losing even more instead of gaining more, there are a few traders out there that are making money on trading.

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Re: What is the main reason why you trade
« Reply #106 on: November 10, 2024, 09:47:28 AM »

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Offline Yamzakid

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Re: What is the main reason why you trade
« Reply #107 on: November 10, 2024, 01:34:30 PM »
Don't you think a trader can as well become addicted?
Another thing is that trading is not fun like gambling but it is very risky. You will see people dedicate their time and use their money to trade and lose often. Trading is worse than gambling for some people as they think they can make money from trading if they become a good trader but they will just be having losses. Although if you are good in trading, it can also be a source of income but it should not be a primary source of income.
Sometimes, people make trading seem like gambling because of their desire to make quick money. From what I understand, the commonality between them is risk, otherwise, they are not the same because trading challenges can be used to learn, which will increase your knowledge, and you have less risk when you have a strategy that you understand and believe is beneficial to you and also to understand it markets movement, but without any knowledge of trading, it leads to significant losses, which is why some people consider it as gambling.

Offline $crypto$

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Re: What is the main reason why you trade
« Reply #108 on: November 10, 2024, 01:50:50 PM »
If you do really like some sort of assurance or having that kind of security with your investment in comparing with Bitcoin or altcoins then better stick into Bitcoin and pretty sure that all of us would really be that agreeing into this, it is really just that there are those individuals who do really want or like to earn even more and thats the main reason on why they would
really be trying out to deal with meme coins or into those altcoins on which it is really that in low caps. It will really be that up to you on how you would be dealing up with things
because its impossible that you cant be able to determine in between those risks and its up to someones choice on which one you will be preferring.
You are right, the size of the risk we take depends on ourselves. If you want a small risk, then bitcoin is the choice, but if you want to take a bigger risk, then there are many things we can do, one of which is investing in meme coins.

Before we do that, we must really understand and be ready for the risks we will get. Don't let us take risks, but we are not ready, that is not a good thing to do.

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Re: What is the main reason why you trade
« Reply #109 on: November 10, 2024, 05:09:01 PM »

Bitcoin remains the first choice in investing, but altcoin is a coin that can be used as an alternative to diversify. for those who have knowledge and experience, they also observe the top altcoins and say it can be predicted even though bitcoin remains the safest and least risky choice. but the top altcoins also have a small risk if we are right when entering.
If you do really like some sort of assurance or having that kind of security with your investment in comparing with Bitcoin or altcoins then better stick into Bitcoin and pretty sure that all of us would really be that agreeing into this, it is really just that there are those individuals who do really want or like to earn even more and thats the main reason on why they would
really be trying out to deal with meme coins or into those altcoins on which it is really that in low caps. It will really be that up to you on how you would be dealing up with things
because its impossible that you cant be able to determine in between those risks and its up to someones choice on which one you will be preferring.
playing with meme coins and the like will make you poor, there are indeed a small number of people who are successful by playing meme coins but it's just luck and most people get disappointing results..
but I agree with you, the safest investment is bitcoin and the risk is small and bitcoin in my opinion is the main choice coin for short and long term investment but the good thing is long term because the possibility of bitcoin prices in the future will be even crazier.

Offline SmartGold01

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Re: What is the main reason why you trade
« Reply #110 on: November 10, 2024, 05:20:45 PM »
I will only encourage bitcoin holding than altcoin holding because altcoin can't be predicted for any reason, so bitcoin is more reliable couples to holding of altcoins and of course holding is fine but what matter's is to have the right coin in your custody than holding of these shitcoin or altcoin with fake promises to gain some so so x in returns, making their investors to have higher trust that their holdings would possibly gives them increase they expected in years to come but at last turns down to be extremely worthless coin.
Bitcoin has always been the main investment in the crypto world, and that is no longer debatable. People must and should also think so. While altcoins, this will require deeper research, at least there are some top coins that are quite good and likely have the potential to skyrocket again and survive even though there is a bearish era. These altcoins are Ethereum and also BNB which have gone through a tense bearish era and can still survive and grow so rapidly. While other altcoins, I'm not saying they are all bad, it's just that the risk is also higher. So if you want to choose other coins, make sure we have really analyzed the coins, don't just take one that will cause losses.
Of course no one will eventually jumped into the market just like to buy altcoin that won't profits them or that seems too risky while investing on it, and again I wouldn't also encourage that because it's very risky even though they seems to be pretty doing well these moments doesn't mean they are going to Last for the long run. Instead it's good to always buy top coin just as you have made mentioned even as that I only give much support to bitcoin holding than buying any shitcoin out there that wouldn't produce a meaningful results.

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Re: What is the main reason why you trade
« Reply #111 on: November 10, 2024, 09:10:05 PM »
I will only encourage bitcoin holding than altcoin holding because altcoin can't be predicted for any reason, so bitcoin is more reliable couples to holding of altcoins and of course holding is fine but what matter's is to have the right coin in your custody than holding of these shitcoin or altcoin with fake promises to gain some so so x in returns, making their investors to have higher trust that their holdings would possibly gives them increase they expected in years to come but at last turns down to be extremely worthless coin.
When we are going to invest in altcoin for long-term I mean want to hold the altcoin then we must should know altcoins market pumping and the dumping depends on the Bitcoin market because bitcoin dominated all crypto market.
And also we know when the altcoin season will come by the based of the analysis of bitcoin cycle like we assume some fact the bitcoin halving when the bitcoin reward halv to half and around after one year later we saw the bull market and so most of the peoples also say that altcoin can't be predicted for long-term for this reason.

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Re: What is the main reason why you trade
« Reply #111 on: November 10, 2024, 09:10:05 PM »


Offline doc

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Re: What is the main reason why you trade
« Reply #112 on: November 10, 2024, 11:39:53 PM »
I will only encourage bitcoin holding than altcoin holding because altcoin can't be predicted for any reason, so bitcoin is more reliable couples to holding of altcoins and of course holding is fine but what matter's is to have the right coin in your custody than holding of these shitcoin or altcoin with fake promises to gain some so so x in returns, making their investors to have higher trust that their holdings would possibly gives them increase they expected in years to come but at last turns down to be extremely worthless coin.
When we are going to invest in altcoin for long-term I mean want to hold the altcoin then we must should know altcoins market pumping and the dumping depends on the Bitcoin market because bitcoin dominated all crypto market.
And also we know when the altcoin season will come by the based of the analysis of bitcoin cycle like we assume some fact the bitcoin halving when the bitcoin reward halv to half and around after one year later we saw the bull market and so most of the peoples also say that altcoin can't be predicted for long-term for this reason.
In choosing coins from altcoins that we will invest in the long term, we must first analyze and observe. because in my opinion only top coins are worth holding for the long term.
Currently I hold altcoins such as etheruem and BNB. because I have confidence that these two coins will last a long time. But now I am also starting to look at TON and Solana.

Offline MRY

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Re: What is the main reason why you trade
« Reply #113 on: November 11, 2024, 08:18:09 AM »
I will only encourage bitcoin holding than altcoin holding because altcoin can't be predicted for any reason, so bitcoin is more reliable couples to holding of altcoins and of course holding is fine but what matter's is to have the right coin in your custody than holding of these shitcoin or altcoin with fake promises to gain some so so x in returns, making their investors to have higher trust that their holdings would possibly gives them increase they expected in years to come but at last turns down to be extremely worthless coin.
When we are going to invest in altcoin for long-term I mean want to hold the altcoin then we must should know altcoins market pumping and the dumping depends on the Bitcoin market because bitcoin dominated all crypto market.
And also we know when the altcoin season will come by the based of the analysis of bitcoin cycle like we assume some fact the bitcoin halving when the bitcoin reward halv to half and around after one year later we saw the bull market and so most of the peoples also say that altcoin can't be predicted for long-term for this reason.
In choosing coins from altcoins that we will invest in the long term, we must first analyze and observe. because in my opinion only top coins are worth holding for the long term.
Currently I hold altcoins such as etheruem and BNB. because I have confidence that these two coins will last a long time. But now I am also starting to look at TON and Solana.
When selecting altcoins to hold for a long time, we have to do research and select coins that are well endowed. The best coins to consider in our long term portfolio are those which enjoy a strong fundamental foundation.

Some of the altcoins mentioned between Ethereum & BNB are examples of a good choice to have such are stable & well supported in the market. Furthermore adding the potential of TON and Solana could be the right step to reach growth opportunities that want to be achieved in the future.
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Offline LUCKMCFLY

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Re: What is the main reason why you trade
« Reply #114 on: November 12, 2024, 01:36:31 AM »

when the market is down, I do not use the short method but I prefer the long method because I buy a low price and hold it, because usually the price will struggle and take a long time to rise.
Each trader has a different strategy according to his skills and the analysis he uses.

I understand, it is the most logical, but the doubt is what is the price level that is considered low? Which one? It is very difficult to obtain a limit like that because things can be done according to the person's criteria, now for example, what would be a low value at this moment for bitcoin? Knowing the great bullish rally that Trump triggered? It is a fact that the best investment in the world is btc, and since Trump gave great importance to bitcoin, I imagine that things will be better because many people will want to invest in bitcoin, so not bad for Trump.
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Offline SmartGold01

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Re: What is the main reason why you trade
« Reply #115 on: November 12, 2024, 10:52:20 AM »
Here to get few reasons why we trade and of course many of us here would say they trade to double their money and if that then it would be very hard for us to succeed in trading. Just as what most people says they gamble to make additional profits or to have double stream of income but at later ends turning very bad at them were they suddenly became addicted gambler.

Don't you think a trader can as well become addicted?
TBH, I don't see any reason why traders are trading aside from the fact that they want to make money from it. Those who thinks that they're gambling for the sake of profit doesn't mean that they will end up losing because there are some who end up making profit through trading constantly. There might be some who end up losing, but that's not the case for some traders.

I also came back to trading despite losing 3x, and the reason? I want to make money off of it. Currently, I'm in profit, but I don't consider it as gambling just because I want to double my money. Still, I respect your perception towards this thing. As for the final question that you shared, there might be some traders out there that are addicted as well. Addicted to make money and while most ended up losing even more instead of gaining more, there are a few traders out there that are making money on trading.
I am not disputing that people aren't making through trading neither do they completely not losing money while trading, the major aspect is that when someone stays without trading or maybe sees themselves continuously trading even though they are losing what would you call that?
Yes I know in your perspectives it's hard for someone to get addicted because it's also gaining money, then what about those who gambles and make profit from gambling and still fall into addiction does it mean there is no profits in gambling.

Offline bitbit97

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Re: What is the main reason why you trade
« Reply #116 on: November 12, 2024, 11:47:14 AM »
So many pages of discussion and attempts to prove that profit is not the one and only reason why people trade. I dont think that there might be any reason to trade. How come someone be addicted to trading? Greedy, yes, I can agree to that. But addicted? Like havent traded for a day and already have hands shaking, and when closing eyes, visualizing how I would be buying and selling? Rush home to trade?
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Re: What is the main reason why you trade
« Reply #117 on: November 12, 2024, 07:21:39 PM »

Bitcoin remains the first choice in investing, but altcoin is a coin that can be used as an alternative to diversify. for those who have knowledge and experience, they also observe the top altcoins and say it can be predicted even though bitcoin remains the safest and least risky choice. but the top altcoins also have a small risk if we are right when entering.
If you do really like some sort of assurance or having that kind of security with your investment in comparing with Bitcoin or altcoins then better stick into Bitcoin and pretty sure that all of us would really be that agreeing into this, it is really just that there are those individuals who do really want or like to earn even more and thats the main reason on why they would
really be trying out to deal with meme coins or into those altcoins on which it is really that in low caps. It will really be that up to you on how you would be dealing up with things
because its impossible that you cant be able to determine in between those risks and its up to someones choice on which one you will be preferring.
playing with meme coins and the like will make you poor, there are indeed a small number of people who are successful by playing meme coins but it's just luck and most people get disappointing results..
but I agree with you, the safest investment is bitcoin and the risk is small and bitcoin in my opinion is the main choice coin for short and long term investment but the good thing is long term because the possibility of bitcoin prices in the future will be even crazier.
Meme coins also gives returns which i won't deny but recent times large number of meme coins in the market so it is difficult to choose a good project. But if one invests for a short period of time and earns a good profit from the investment then it is better to leave the platform quickly because meme coins are generally risky investments where there is chance of losing wealth in a short period of time. If one plan to hold bitcoin for the long term there is no alternative of bitcoin.

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Re: What is the main reason why you trade
« Reply #118 on: November 12, 2024, 10:39:12 PM »

Bitcoin remains the first choice in investing, but altcoin is a coin that can be used as an alternative to diversify. for those who have knowledge and experience, they also observe the top altcoins and say it can be predicted even though bitcoin remains the safest and least risky choice. but the top altcoins also have a small risk if we are right when entering.
If you do really like some sort of assurance or having that kind of security with your investment in comparing with Bitcoin or altcoins then better stick into Bitcoin and pretty sure that all of us would really be that agreeing into this, it is really just that there are those individuals who do really want or like to earn even more and thats the main reason on why they would
really be trying out to deal with meme coins or into those altcoins on which it is really that in low caps. It will really be that up to you on how you would be dealing up with things
because its impossible that you cant be able to determine in between those risks and its up to someones choice on which one you will be preferring.
playing with meme coins and the like will make you poor, there are indeed a small number of people who are successful by playing meme coins but it's just luck and most people get disappointing results..
but I agree with you, the safest investment is bitcoin and the risk is small and bitcoin in my opinion is the main choice coin for short and long term investment but the good thing is long term because the possibility of bitcoin prices in the future will be even crazier.
Meme coins also gives returns which i won't deny but recent times large number of meme coins in the market so it is difficult to choose a good project. But if one invests for a short period of time and earns a good profit from the investment then it is better to leave the platform quickly because meme coins are generally risky investments where there is chance of losing wealth in a short period of time. If one plan to hold bitcoin for the long term there is no alternative of bitcoin.
I also invest in meme coins but only for short and medium term investment because I know the risk of meme coins is quite high and we have to be really right in making analysis and predictions because many meme coins are not potential. For meme coins I prefer doge and PEPE because they are quite popular.
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Re: What is the main reason why you trade
« Reply #119 on: November 12, 2024, 10:43:32 PM »
So many pages of discussion and attempts to prove that profit is not the one and only reason why people trade. I dont think that there might be any reason to trade. How come someone be addicted to trading? Greedy, yes, I can agree to that. But addicted? Like havent traded for a day and already have hands shaking, and when closing eyes, visualizing how I would be buying and selling? Rush home to trade?
Honestly, my reason for trading is to seek profit, likewise I have a job in the real world also because I want to get a salary to meet my needs. So what is the reason for someone to trade if the goal is not to seek profit? Do they consider it a hobby? If so, I am not at that level yet. I am addicted to trading because I always want to make a profit.
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