Trading is basically a risky victory, so to develop yourself as a trader, you need to have a lot of analysis and a lot of knowledge about the market. Still, there will be a lot of risk here because no one can ever make a guaranteed prediction. That's why I am not interested in trading myself. And I always advise everyone to refrain from trading. Holding only Bitcoin is the most sensible thing to do. Even though Bitcoin is a very strong currency, I don't like anyone trading Bitcoin. So I don't understand what kind of trader I am haha
@JISAN, you're probably a long-term trader or position trader like me. We both have to buy BTC and hold it for the long haul, possibly for many years or many cycles.
I don't have investment advice for others, and I think it's necessary for people to trade BTC to maintain the liquidity of this market. If no one sells BTC, I won't be able to buy BTC and vice versa. The value of BTC also depends on the liquidity of this new asset: if the liquidity isn't good, fewer people will dare to invest in BTC.
Yes i am long term investments. still many investors don't understand Bitcoin and they still afraid to hold long term. Bitcoin has a limited supply so if we just buy bitcoin without selling it then there will no possibility to drop Bitcoin price much higher. but when bitcoin price drop some for some reason then must of the investors got panic and start selling and that's why increase sell pressure on the market and that time price drop higher.
There has been a lot of growth in the number of long-term investors in Bitcoin or other cryptocurrencies that also have potential such as Ethereum, Bnb, Cardano,
Xrp and others that have been proven in this industry.
Being long-term is also the safest thing for investors who believe in a digital asset like bitcoin which has been proven
and tested for almost 1 decade and 5 years already.