📉 Bitcoin Price - Feb 10th, 2023

All is playing out as expected, so far, per yesterday's update (below). 👍

No major changes/updates yet,

Just to remind:

Always be cautious when trying to "Catch" a strong move into its reversal.
(something best suited for more experienced traders)

It's usually safer/recommended to:

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TheGreatLeveler · M

Bitcoin is pure speculation. Stick to stocks or other real assets.

ADtrading · VIP

@TheGreatLeveler
If I'm profiting well with Bitcoin, I don't see why I should switch.

Bitcoin's price it can go up or down... doesn't bother me that much, that price fluctuates a lot.

I'm more of a Trader / Accumulator, who focuses on the predicting Daily and Weekly price movements.

TheGreatLeveler · M

@ADtrading
Fair enough, but trading usually doesn't offer the same returns over a long time horizon as investing does. That's why it's generally discouraged.

ADtrading · VIP

@TheGreatLeveler
In terms of "Averages", yes.

The "average trader" (90%) loses in the long-run.
The "top 10%" outperforms the market.

I got into Crypto early, in 2014.
Had my losses and learning period, just like any other developing trader.

I eventually reached the point of being an advanced, experienced trader, and I now win much more of my trades than I lose.