The vast majority of traders lose money in the long run.
Also many people ignore the fees they have to pay just to make a transaction: exchange fees and short term capital gains tax. So, even if you do make money in a trade, you have to pay those fees, which reduces what you made.
Also you need to spend time to research and try to guess the best time to sell and buy.
Seems like a lot of trouble to me. Much better to focus those resources into creating something useful for society and with the value you get from that buy more Bitcoin.
Being a bitcoin maxi doesn't mean to just hodl and do anything. A bitcoin maxi spend his sats, ONLY when is really necessary to buy good or services with bitcoin. Bitcoin is savings technology, it changes your mentality from fiat debt mentality (spending as much as you can), to saving sats mentality (stack sats and spend only for things that worth it).
You want more sats? Simple: work harder and be paid in bitcoins. FORGET ABOUT FIAT WORLD.
"Trading" (buy/sell bitcoins on trading platforms) is idiotic, useless and you will not accomplish anything that making the banksters game. And in the end you could get rekt.
The whole point of Bitcoin is not to get rich but to FUCK THE BANKS.
I don't think they should trade, per se, but maybe intelligently accumulate. Have times where you increase or slow down your DCA and smash buy dips. I never sell, though.
Maybe keep track to make sure you are doing as good as if just a set DCA. If you aren't or paying attention to the price is stressing you out, just DCA, man. But I have fun doing it, and even when I don't time things right, every week, I have more BTC than I did last week, so I'm moving in the right direction.
yes, trade actual goods & services and add something useful to society.
The more this happens the more the inherent value is shown.
The vast majority of traders lose money in the long run.
Also many people ignore the fees they have to pay just to make a transaction: exchange fees and short term capital gains tax. So, even if you do make money in a trade, you have to pay those fees, which reduces what you made.
Also you need to spend time to research and try to guess the best time to sell and buy.
Seems like a lot of trouble to me. Much better to focus those resources into creating something useful for society and with the value you get from that buy more Bitcoin.
Being a bitcoin maxi doesn't mean to just hodl and do anything.
A bitcoin maxi spend his sats, ONLY when is really necessary to buy good or services with bitcoin.
Bitcoin is savings technology, it changes your mentality from fiat debt mentality (spending as much as you can), to saving sats mentality (stack sats and spend only for things that worth it).
You want more sats?
Simple: work harder and be paid in bitcoins.
FORGET ABOUT FIAT WORLD.
"Trading" (buy/sell bitcoins on trading platforms) is idiotic, useless and you will not accomplish anything that making the banksters game. And in the end you could get rekt.
The whole point of Bitcoin is not to get rich but to FUCK THE BANKS.
Everything counts to get more BTC.
I don't think they should trade, per se, but maybe intelligently accumulate. Have times where you increase or slow down your DCA and smash buy dips. I never sell, though.
Maybe keep track to make sure you are doing as good as if just a set DCA. If you aren't or paying attention to the price is stressing you out, just DCA, man. But I have fun doing it, and even when I don't time things right, every week, I have more BTC than I did last week, so I'm moving in the right direction.