Does trading belongs to everyone? - page 13.

Mpamaegbu

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Quote from: SmartGold01 on April 12, 2024, 03:46:55 AM

We can make it this way, look for a reliable coin, bitcoin or any other altcoin buy and hold.

Identifying reliable coins is the main issue. Otherwise, everyone in cryptos would be rich. There are few who had been lucky to identify some of these alts and most of them who did/do got/get their scoop from insiders who run the projects. It's called insider information.

Quote from: michellee on April 12, 2024, 04:30:46 AM

Trading is for everyone, but they have to learn trading first. It is not easy to have good trading skills because it requires a process.

You just identified some bottlenecks and those stuff make it easy to come to terms that trading isn't for everybody. Whatever has a restriction means there's a reason for that and that's why the restrictions exist. It's not that there exists intentional and tangible restrictions per se but these are things that have proved difficult for everyone to get on boarded. That's what happens with trading. Not everyone has that patience to wait through the period of skill acquisition. Conclusively, from the prism I see it, and as a trader myself, I've come to the irrefutable conclusion that trading isn't for everyone.

electronicash

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the issue with newbies wanting to trade is that it takes a lot of losses to learn well in trading. and that's one problem because most of the newbies besides inexperience also have no money.

if they can't afford to lose, the way to do it is in spot market. spot market will be good, especially in the bullish market. long-term spot trading i think is for everyone. as long as the trader knows how to control himself and not change his lifestyle when he makes money from spot training, he can make more money in the spot market.

Nrcewker

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People need to understand the fact that trading gives more profit than holding the coins, but with more profit, more risk also comes. Hence there is equal probability that you might lose the money more quickly. But most of the newbies overlook this thing and hence they fall for the trading trap. Without taking precautions or proper research they start trading, and hence they face losses at the end of the day. According to me, if you are busy and don’t have time for trading, then holding the best option.

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Quote from: SmartGold01 on April 12, 2024, 03:46:55 AM

Have read most people topic and comment especially the newbies and have noticed that they are always interested in trading more than holding, and of a true trading gives more profits from my own understanding that is why everyone wants to venture into trading. But have we also considered or remember that most of the compliant here is about trading scam or exchange scam. Since is as a cause of trying to fund their account to trade or either trying to withdraw funds from the exchange.

They want to do trading more than just holding because of the fact that you can get more profits in a shorter amount of time in trading compared to just holding your coins. While this is true, they didn't think of the potential risks and losses that they can get whenever they trading. Add also the fact that they're newbies meaning the chances of them losing money in trading would be higher than those who already have experience because they already know how to adjust while newbies aren't.

Maus0728

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I think what you're trying to say is if trading is for everyone and if that's what you're trying to say then my take is that it's for everyone but the risk and losses accumulated isn't for everyone, anyone can trade but the wins are a different thing. That's why you still got people talking about how they could've done something different in regards to how they've done their trades or that they could've made some kind of research before jumping right into trading because trading is for every person but whether they win or lose at their trades, it's entirely up to them what they're going to get.

senyorito123

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There's different ways that we wanted to choose for, trading couldn't be done in an easy ways to learn. We need to test the depth of a river, it made me remember to that saying. In reality it's more like a trial and error, so if you fail into something with trading I guess that would be a biggest challenge in life.
Well if trading is really for you, then we should work hard for it and learn something interesting to reach success.
There's no easy money in the first place, that's why learning should be in a process and not done in a rush strategy.

ajiz138

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People are free to choose, whether it is Hodling or trading and some even do both, it is not something difficult if they have understood it.
But beginners are often impatient where they trade without learning many things and will lose it because it is based on profit without thinking about the risk where the coin moves down but he cannot anticipate the cutloss.

Doing P2P physically is difficult, what I know is that crypto users always hide behind it unless you do P2P online but this is risky, there is something safer then using a centralized exchange but that also has its risks.

As much as possible they should be able to raise funds on their own, even with this scenario maybe he has to learn a lot more.
So investment or trading they can choose as they wish.

Zaguru12

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Quote from: SmartGold01 on April 12, 2024, 03:46:55 AM

Have read most people topic and comment especially the newbies and have noticed that they are always interested in trading more than holding, and of a true trading gives more profits from my own understanding that is why everyone wants to venture into trading. But have we also considered or remember that most of the compliant here is about trading scam or exchange scam. Since is as a cause of trying to fund their account to trade or either trying to withdraw funds from the exchange.

I think the reason why this trading of a thing most especially futures/perpetual trading are getting that much of a hype is because of the narrative about it you will see on the social media. Some of the successful crypto traders you see on social media have this same character of flaunting their assets and this trigger many people to come into trading. Just as you have said newbies think it’s easy trading and they go on to pay for mentorship which at the end some of them end up losing their money. The holding strategy is the simplest and most safest option and for newbie, in fact many of this top traders gain their large capital by holding some coins and also the profits from this trading are used by them to buy coins/tokens to hold. Because That’s where they gain a lot from.

Quote from: Catenaccio on April 12, 2024, 04:57:49 AM

Only luckiness can help you to gain from holding this way because mindset of a trader and mindset of a trader are different. If a trader does not use Stop loss order, holding a position for long time will cause loss, not profit. Except if that trader has a very lucky open position in a market that gives a random decision chances to get profit.

I think OP is taking about spot trading which you can also withdraw to your personal wallet and this doesn’t requires stop loss. And you can only lose if you buy all this shit coins or you panickly sell at a loss

SmartGold01

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Quote from: Husires on April 12, 2024, 09:26:07 AM

P2P trading is not considered trading, but rather a trade. You need to have a stock of both Bitcoin and paper money, and this stock is renewable, otherwise you will be forced to sell part of the Bitcoin to exchange it for paper money in a big deal.
P2P trading can be successful if you have a local store that generates good profits for you, as you can use these profits to buy Bitcoin and then sell Bitcoin in another country, buy products from that country and ship them back to your country (closed loop).

Trading is completely different from P2P trading.

Although I don't know how you might seen it but p2p as the case maybe is another cool way of buying /selling bitcoin or altcoin it could be that you don't want to buy on a centralized exchange were your details would be required to pass kyc. And people who don't cares about revealing their personal data can as well use p2p to buy bitcoin even though you said is not considered as trading, but to me whatever place people or any system that allows exchange of goods in continuous methods can be liken to trading. What just happened is that we can say it's only for a gradual accumulation instead of completely saying that is not trading, why then are we using it to sell or buy bitcoin if I am ask you sir?

cryptoWODL

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I think trading is for everyone but trading is not easy for everyone. Trading is for everyone but first one should know about trading or basic content of trading. Trading requires inculcating skills, knowledge, planning and a risk-taking mindset.

When we start trading we need to trade according to proper plan. We need to make sure which token or coin we invest in or trade short term trading or long term trading. Whenever we get our trading plan right then we will be one step ahead towards success in trading. Because depending on the trading plan you will trade long term or short term trade.

Before starting trading an instinct works in us whether we can earn profit from trading. It may not be easy to make a profit in trading because we cannot understand without any judgment and analysis which coin we will be able to make a profit by trading. Those who have full experience in this subject can quickly trade the right coins due to which their trading is successful. So if we want to be successful in trading then we need to become expert about trading ourselves. So that we can trade in the right coin through proper judgment and analysis.

TheUltraElite

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So anyway, I applied as a merit source :)

P2P trading and trading on CEXs are a bit different. The former is mostly for those who are only trying to buy/sell and not have the prospect of re-exchanging that back hoping for a multiplication of the original capital, which is true for the second one.

However long term hodl and P2P might work hand in hand to be close to trading in the long run but maybe not in the short term. I have nothing against P2P but getting trusted people to deal with is tough and bank freezes and all that are another pain in the rear.

However for those who are trading regularly, for some zero profits or even losses might continue for months, for them stopping rethinking the decision to trade for money on only trade to get the opposite asset is important.

Mr. Magkaisa

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- It seems that I have read this topic or something similar to this topic, but even so, trading does not have any special people who will have an interest in learning about it.
Even if the others have no interest in this lesson, they still attend it because they think it's easy to get a profit from it. But in the end, they don't last long in this field.

Instead, all those who last long in the field of trading are the people who have the strength, time, perseverance, determination, and dedication to learning about it because they are the only ones who last long and get profit in this field of crypto space.

Lucius

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I think the title of this topic is a bit clumsily worded, because there should be no doubt that cryptocurrency trading belongs to everyone, and that owning Bitcoin or any other cryptocurrency is not limited to only some people. The real question should be "whether all people can/know how to trade?" because statistics say that only about 5% are successful in it, while the rest either lose everything they invested, or end up at positive zero.

My conclusion would be that for the majority it is still more profitable to practice the hold strategy, although everyone can try trading and see how they manage. I cannot say what would have happened if someone had invested $1000 in trading at the beginning of 2017 when 1 BTC was worth exactly that much - but I can say that in the event that he bought 1 BTC and kept it until today, he would have about 70 thousand reasons to be more satisfied than then.

Husires

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P2P trading is not considered trading, but rather a trade. You need to have a stock of both Bitcoin and paper money, and this stock is renewable, otherwise you will be forced to sell part of the Bitcoin to exchange it for paper money in a big deal.
P2P trading can be successful if you have a local store that generates good profits for you, as you can use these profits to buy Bitcoin and then sell Bitcoin in another country, buy products from that country and ship them back to your country (closed loop).

Trading is completely different from P2P trading.

SmartGold01

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Quote from: Catenaccio on April 12, 2024, 04:57:49 AM

Quote from: SmartGold01 on April 12, 2024, 03:46:55 AM

Most times at the process of learning your trading you make money by holding and after you may have gain your bases then you can fund your account to continue your trading than trying to be in haste to make profits from trading

If you are trading but turn to holding, you will have risk of holding for loss.

Only luckiness can help you to gain from holding this way because mindset of a trader and mindset of a trader are different. If a trader does not use Stop loss order, holding a position for long time will cause loss, not profit. Except if that trader has a very lucky open position in a market that gives a random decision chances to get profit.

Are you by any chance telling me that those who holds bitcoin for long periods now has never witness any significant gain? I still do not understand what you are saying because both trading and holding gives profits but the difference is that in trading you get quick profit than holding, while holding might requires you to choose between long term and or short, for long term holding then bitcoin would be more better to hold for long. While altcoin is always seen as short term investment where if you hold for short you make quick profits without incurring lost although there is no much difference what matters is that as holder who position herself for short term investment should be smart enough to sell off when the price may have gotten to where they are projected.

Furious 7

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Quote from: 348Judah on April 12, 2024, 04:17:38 AM

Quote from: SmartGold01 on April 12, 2024, 03:46:55 AM

Have read most people topic and comment especially the newbies and have noticed that they are always interested in trading more than holding, and of a true trading gives more profits from my own understanding that is why everyone wants to venture into trading.

Sometimes we can be interested on something we have no idea about, but when we are determined to learn through the required process in doing such, we will make an achievement on such, any trader or potential one should go through the due process by acquiring the required skills, knowledge and understanding of how to trade, then start by little before they can grow their investment on trading, if someone finds this difficult, then they had better hodl and avoid trading in other not to lose money, holding over time will earn them income as well when the market surges.

Of course, every interest comes because of ignorance where the intention and purpose of its arrival is to be able to know it, for example trading, which as you said that success will only be achieved when someone is willing and has a strong intention and determination to learn, because only by learning will you be able to gain knowledge from the experiences you have gone through during the process.

Trading requires planning, management, skills, knowledge and risk management which all of this, especially knowledge and skills, can only be obtained when you are willing to learn and want to make bitter experiences such as losses as lessons so that one day we are not trapped in the same mistakes that make us ultimately experience losses. Yes, starting with the smallest thing or that means trading using a small budget amount is highly recommended to all beginners, because the goal at the beginning of the engagement is not big profits but gaining a lot of knowledge and knowledge which when you already have a lot of experience and knowledge then you will be able to bring these profits, but still on the other hand we must also while prioritizing some risk management measures.

Plaguedeath

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Trading not belongs to everyone, I was successfully to trade without any lose because I take advantage over the bull market and I'm quite lucky. But now I try to buy 6 shitcoins, all of them are in loss lol, still waiting to bounce and sell all of them.

Quote from: SmartGold01 on April 12, 2024, 03:46:55 AM

We can make it this way, look for a reliable coin, bitcoin or any other altcoin buy and hold. You can look out for the best wallet where to store your funds without any news about misplacing your seed phrase or private keys. It's not necessarily mean you must buy from exchange, get your self a good p2p provider I believe there are trusted p2p service providers whom you can send them fiat or any other coin in replacement of the coin you wants to hold, than involving yourself to an exchange for trade or buy coin at least to avoid us having different version of storyline.

Why it sounds like every centralized exchange is scam? centralized exchange isn't as bad as you think.

The biggest reason to avoid CEX is privacy oriented user, if you fine to submit KYC, you're high unlikely will have a problem with the CEX except you're whales.

mk4

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Scams aside, and yes trading can be 'learned' and all that, but to put it simply — trading is not for everyone, just like how dentistry, being a doctor, engineering, etc, is not for everyone. It will simply be for whoever is genuinely interested in it to actually continue learning it for long periods of time.

Kelvinid

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Although we can try trading, unfortunately, it doesn't mean that we all become a successful trader for many reasons...
- lack of improvement and market adaptation
- trading behavior problems
- lack of interest
- capital

Some people will think that trading is a good opportunity and so they try. Some went so well and made a fortune in trading but some did not and lost their money. Some people after having experience in trading become holders because they realize that trading is not for them and know that they are not really capable enough.

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Quote from: Catenaccio on April 12, 2024, 04:57:49 AM

...
If you are trading but turn to holding, you will have risk of holding for loss.

Why? I don't think anyone who is a trader and when they decide to become a holder will lose money. We need to know why they decided to convert from traders to long-term holders. Because I also have a few friends who are traders and they lost a lot of money trading, and then they realized that trading is not for them.

Trading is also one of the ways to become an investor and trading is for everyone. But to be able to make money from trading, not too many people can do it and it is not as easy as becoming a holder.

Topic: Does trading belongs to everyone? - page 13. (Read 2060 times)