Do You Have a Bitcoin Investment Plan? Find Out Why We Choose Investing vs Trading Cryptocurrencies!
why I favor investing in cryptocurrencies versus trading Do you have a Bitcoin investment plan? Today I wanted to talk to you guys about an interesting topic and once you see a ton of stuff on which is should I invest or should I trade so why I favour investing over trading and crypto currencies while both are effective strategies both can be successful or not be successful both take some time one generally taking much more than the other why I favour investing for me is because I have a lifestyle outside of cryptocurrencies and what I see as far as investing from a from the block Capitol insider value investing platform and how we base our decisions we do a lot of research from the very beginning we figure out the different types of cryptocurrency is what they are what they bring to market the we utilizing the three key aspects to cryptocurrencies which you can find in the link below if you're interested in that and then we make a decision and we we set up goals for our money and how we're going to go about it how we're going to invest whether it's a lump sum or dollar cost averaging or many of the different strategies that we use and then once that set in place we're pretty much done the hard work is over and we just checked back continue to look continuing to analyze slightly is it a profitable investment is it still working out is the company going in the right direction and those type of things now with trading you're looking at at least from what I've done and from what I understand now again I'm not a professional trader but from what I've done and I have made money trading and it's you know it's great it's good you can you know put a few hundred bucks in or you know whatever you're you're risking and you know double that or you know gain ten twenty percent in a day or fifteen percent we're investing you're looking at you generally a longer time trend but as we've seen with cryptocurrency is that investment is you know doubling much much quicker than regular investments but we're treating you have a lot of constant time that you're spending into it you know you can't it's a lot more difficult to have a trade that's open what they say and be away from your computer go on a camping trip for three days you know that's going to be very very difficult for anyone who's a fairly serious trader to do and that's why you see one of the best times to daughter cost average is Friday evening and why is that you ask well because that's what all the traders have bought out for the week they want to take off for the weekend at least that's for sure in the regular market and cryptocurrency is a little bit less just because it is never shuts off market slope or 24/7 but you still see that as far as a Friday kind of pullback period so that's one thing and that's my biggest why I invest I have an outside in some income core excuse me I have an outside income in which I take a portion of that and I invested in the cryptocurrencies I'm not looking for cryptocurrencies to be my main source of income now would that be great absolutely and then I am i turning anyone off from training no not all if you guys think that that lifestyle is for you then please go ahead get after it I encourage anyone to try you know if you if you think you want that lifestyle then go for it but from my experience from what I've done I honestly I like being able to go out at night I like being able to relax I like being able to have a good time go on vacation for a week and again it's because I do have that outside income and if you don't pay maybe trainings for you but if you're looking to take something takes up take some of your income that you generate from another area and invest a certain portion of it like we had what we had Mark Cuban's say 10% that's the mr Shark Tank himself said invest 10% if you're younger in a risky asset such as Bitcoin or other crypto Francie's I think that's pretty powerful stuff there guys so investing is definitely the route I choose and it's the route that we explain in much further detail in our value investing in cryptocurrency course at the block capital insider
com platform so if you guys are interested in that check out the link below give it a look send us your email you'll also get access to our first BCI report as well as our glossary of terms which I can tell you is the best most comprehensive glossary of terms on the blockchain technology on the entire Internet I can tell you that for a fact so if you guys enjoyed this video please like and subscribe thanks for listening guys we wouldn't be here without you don't forget to comment I love reading your guys's comments below so please thanks again guys take care till next time