Topic: Newbies can't profit from crypto without knowing how to trade. Truth or Myth? (Read 823 times)
August 31, 2023, 04:50:47 PM
Trading is not the only means to make it big in crypto. If you know how investing works, regardless if you’re not a trader, I believe you will still be in profits as long as you intend to accumulate and hold bitcoin for long term. That way, you can maximize your profits when bull run starts if you also maximize your preparation at the beginning. That means buy and hold a lot of cheap bitcoin when the market is bearish so you can sell them when the market is giving a go signal to sell for profits.
August 31, 2023, 04:49:03 PM
when it comes to trading, at least he needs to have basic knowledge about it so he can do day trading or in the long term.
talking about profit issues, then he also needs to have knowledge about what coin he will choose to trade, and needs to do analysis. he could have done that without analysis, but it was obvious that he was relying on luck. get a profit or not, it depends again on how the movement of the coin he chooses. no one knows about it. it's just that people who are knowledgeable about trading tend to benefit more easily and can minimize risks than people who have just traded.
talking about profit issues, then he also needs to have knowledge about what coin he will choose to trade, and needs to do analysis. he could have done that without analysis, but it was obvious that he was relying on luck. get a profit or not, it depends again on how the movement of the coin he chooses. no one knows about it. it's just that people who are knowledgeable about trading tend to benefit more easily and can minimize risks than people who have just traded.
The basic is very important, there is no way you can swim without learning how to, The same goes for trading you can not trade with knowledge because of the risk involved in it, and day trading involves a lot of risk but is extremely profitable and holding for quite a while to see its profit, but it requires patience, and the analysis aspect is beyond basic, and very technical, It takes serious mastery to master such an action, and if a few is depending on luck while dealing with bitcoin can be risky, I feel if someone lacks expertise then after learning the basic holding is much more safe.
Exactly, Knowledge comes first, there's no such thing that you will stake your money at crypto just to rely at luck. As a newbie you know to yourself that you lack the knowledge so you must learn even the basic background about trading. Because in trading, it might give you a quick profit but it also gives quick loss. Imagine you're trading on some alt coin you don't even have any idea about it's past market value and analysis it's like playing some games. Remember that losing some funds or assets it's part of your journey in the crypto, but once it you keep losing and losing continuosly for sure there's something wrong on how you trade. I think mental and emotional state of the person also has an impact in here, if they can't remain calm and they panic it could just worsen the risk.
There are various aspects that can help keep money safe, as I mentioned to the other person, luck is a strong word to actually believe in. It is extremely straightforward if the newbie is serious and is interested in participating in Bitcoin, then knowledge must be highly embraced, Even in this forum there is a lot of information about trading and much more, similar to a library to whatever information that is needed. and losing money is something no one can avoid in crypto.
August 31, 2023, 03:28:35 PM
basic knowledge in trading and investment is of essence but its rather different when it comes to investing a little bit though, in investing entry is everything, you get lowest entry ever for your investment.
the profit is almost certain, had you bought at the lowest point thats where fear is everywhere exactly back then when many project are collapsing, then you're already up for few percents right now.
thats why its always recommended for people that don't really want to deal with all the inconveniences involving daily trading to just invest instead.
but i honestly consider the fact that newbies can't profit from crypto without knowledge as simply myth, trading daily is all about speculation honestly, you just don't really know how the market will turns out despite already making some analysis based on charts, thing just can go out of your way. therefore newbies could also get profit from random luck honestly.
the profit is almost certain, had you bought at the lowest point thats where fear is everywhere exactly back then when many project are collapsing, then you're already up for few percents right now.
thats why its always recommended for people that don't really want to deal with all the inconveniences involving daily trading to just invest instead.
but i honestly consider the fact that newbies can't profit from crypto without knowledge as simply myth, trading daily is all about speculation honestly, you just don't really know how the market will turns out despite already making some analysis based on charts, thing just can go out of your way. therefore newbies could also get profit from random luck honestly.
The trader should learn more about the trading and specially the trading risk before investing your money.If you are ready to hold for the longer period,the loss is almost possible one in crypto currency.The important one is the invested project must be good one,if not we can say the invested money is back.Many fake or dummy project in the cryptocurrency also,So the trader should ready to find the background of the project before investing in cryptocurrency or stock market.Both the trading need of background verification.
August 31, 2023, 12:16:50 PM
I overheard my coworkers discussing the idea that new investors in crypto cannot make profits without possessing trading skills. I would like to initiate a discussion on whether this claim is true or false. In my view, this belief is a false notion that is spread by individuals who want to discourage those who are curious about investing in crypto. What is your perspective on this topic?
Guys, I mean what other ways can newbies benefit from crypto investment without having to be a day trader or a professional trader. Because I believe there are other ways to earn aside from trading.
Dont look for other ways when in crypto. Any other way is a trap . Be it high yielding crypto investments or any new staking program. Yea its true some would work but most will end up being in a scam and you will loose your money. I suggest just keep investing in major coins like BTC and Eth. if you cant be regular trader then just simply buy some amount every month and dont look upon your p&L for sometime. In the end your result will be fruitful enough.Guys, I mean what other ways can newbies benefit from crypto investment without having to be a day trader or a professional trader. Because I believe there are other ways to earn aside from trading.
Newbies usually lose a lot of money by investing in new projects because they get excited when they see high returns they are promising on investments or staking on their pools, but they need to learn to do some research and understand that what looks too good is hardly true so it's better to stay away from it.
Trading for a beginner is quite difficult, and on average from them suffered losses, I also used to do the same thing and suffered losses too if Langdung plunged into trade, but over time, a knowledge of the loss would come that could make the skill Trading is better for profit.
On average, they are interested in new projects, because they see a significant increase and I am sure we all experience the same thing at the beginning of the purchase of Crypto, but it is a natural thing and must be passed by a beginner, right?
August 31, 2023, 11:31:45 AM
I overheard my coworkers discussing the idea that new investors in crypto cannot make profits without possessing trading skills. I would like to initiate a discussion on whether this claim is true or false. In my view, this belief is a false notion that is spread by individuals who want to discourage those who are curious about investing in crypto. What is your perspective on this topic?
Guys, I mean what other ways can newbies benefit from crypto investment without having to be a day trader or a professional trader. Because I believe there are other ways to earn aside from trading.
Dont look for other ways when in crypto. Any other way is a trap . Be it high yielding crypto investments or any new staking program. Yea its true some would work but most will end up being in a scam and you will loose your money. I suggest just keep investing in major coins like BTC and Eth. if you cant be regular trader then just simply buy some amount every month and dont look upon your p&L for sometime. In the end your result will be fruitful enough.Guys, I mean what other ways can newbies benefit from crypto investment without having to be a day trader or a professional trader. Because I believe there are other ways to earn aside from trading.
Newbies usually lose a lot of money by investing in new projects because they get excited when they see high returns they are promising on investments or staking on their pools, but they need to learn to do some research and understand that what looks too good is hardly true so it's better to stay away from it.
August 28, 2023, 06:15:10 AM
It is not easy, trading requires knowledge. Trading in crypto without knowledge about crypto will only make you lose. Because you don't know any strategy of crypto trading. Sufficient knowledge and experience is required to earn from crypto trading. Without knowledge you can never earn from crypto. Because crypto trading is very volatile.
Knowledge is a must, but experience is just a plus because you can't gain experience if you don't have knowledge of it, as you acquired it during your trade. That is why it is better to focus more on learning and making your own trading strategy rather than just following those trading signals that you couldn't understand since if you follow them for sure, you'll have problems in the long run, like if the signal group is gone, what will you do next?
I agree, we should be focusing on learning and gaining experience to eventually become a good trader on our own. It might be helpful at the start to follow more profitable traders and try to copy their strategies. But no strategy is going to remain profitable forever, at one point the market will change and we need to adapt. Luck can help a new trader to turn a profit in their first investments, but luck is not going to be around for every trade. Without putting in the time to learn at least the basics it will at one point lead to a big loss. Accept help and ideas from others, just don't count on it to make profits for you. In the end we all have to make our own decisions and should do the same in trading. The benefits for getting knowledge and experience in investing and trading are huge and we can use them for the rest of our life. I would say that the more money we have to invest the more time we should spend on learning the art of trading. And even experienced traders can still learn new things from time to time. Remaining open and curious paysoff in the longrun.
August 28, 2023, 04:51:03 AM
I overheard my coworkers discussing the idea that new investors in crypto cannot make profits without possessing trading skills. I would like to initiate a discussion on whether this claim is true or false. In my view, this belief is a false notion that is spread by individuals who want to discourage those who are curious about investing in crypto. What is your perspective on this topic?
Guys, I mean what other ways can newbies benefit from crypto investment without having to be a day trader or a professional trader. Because I believe there are other ways to earn aside from trading.
Guys, I mean what other ways can newbies benefit from crypto investment without having to be a day trader or a professional trader. Because I believe there are other ways to earn aside from trading.
Your coworkers are right and valid, dude; the real profit in trading here in crypto or bitcoin depends on your understanding of trading. Don't be like others who only rely on guesswork or chance. Trading in this field really requires you to have an understanding of and know how to read charts and graphs.
Study what you need to know; don't trust what you know; you need to research what tools are needed to know how to conduct trading activities in this industry. Yes, it is not easy, but if you are determined and have dedication, you will understand it as long as you have patience. And never stop learning; instead, continue to learn.
August 27, 2023, 11:34:48 PM
I overheard my coworkers discussing the idea that new investors in crypto cannot make profits without possessing trading skills. I would like to initiate a discussion on whether this claim is true or false. In my view, this belief is a false notion that is spread by individuals who want to discourage those who are curious about investing in crypto. What is your perspective on this topic?
Guys, I mean what other ways can newbies benefit from crypto investment without having to be a day trader or a professional trader. Because I believe there are other ways to earn aside from trading.
Dont look for other ways when in crypto. Any other way is a trap . Be it high yielding crypto investments or any new staking program. Yea its true some would work but most will end up being in a scam and you will loose your money. I suggest just keep investing in major coins like BTC and Eth. if you cant be regular trader then just simply buy some amount every month and dont look upon your p&L for sometime. In the end your result will be fruitful enough. Guys, I mean what other ways can newbies benefit from crypto investment without having to be a day trader or a professional trader. Because I believe there are other ways to earn aside from trading.
August 27, 2023, 08:54:34 PM
It is not easy, trading requires knowledge. Trading in crypto without knowledge about crypto will only make you lose. Because you don't know any strategy of crypto trading. Sufficient knowledge and experience is required to earn from crypto trading. Without knowledge you can never earn from crypto. Because crypto trading is very volatile.
Knowledge is a must, but experience is just a plus because you can't gain experience if you don't have knowledge of it, as you acquired it during your trade. That is why it is better to focus more on learning and making your own trading strategy rather than just following those trading signals that you couldn't understand since if you follow them for sure, you'll have problems in the long run, like if the signal group is gone, what will you do next?
August 27, 2023, 08:46:47 PM
basic knowledge in trading and investment is of essence but its rather different when it comes to investing a little bit though, in investing entry is everything, you get lowest entry ever for your investment.
the profit is almost certain, had you bought at the lowest point thats where fear is everywhere exactly back then when many project are collapsing, then you're already up for few percents right now.
thats why its always recommended for people that don't really want to deal with all the inconveniences involving daily trading to just invest instead.
but i honestly consider the fact that newbies can't profit from crypto without knowledge as simply myth, trading daily is all about speculation honestly, you just don't really know how the market will turns out despite already making some analysis based on charts, thing just can go out of your way. therefore newbies could also get profit from random luck honestly.
the profit is almost certain, had you bought at the lowest point thats where fear is everywhere exactly back then when many project are collapsing, then you're already up for few percents right now.
thats why its always recommended for people that don't really want to deal with all the inconveniences involving daily trading to just invest instead.
but i honestly consider the fact that newbies can't profit from crypto without knowledge as simply myth, trading daily is all about speculation honestly, you just don't really know how the market will turns out despite already making some analysis based on charts, thing just can go out of your way. therefore newbies could also get profit from random luck honestly.
August 26, 2023, 10:32:04 AM
It is not easy, trading requires knowledge. Trading in crypto without knowledge about crypto will only make you lose. Because you don't know any strategy of crypto trading. Sufficient knowledge and experience is required to earn from crypto trading. Without knowledge you can never earn from crypto. Because crypto trading is very volatile.
August 26, 2023, 04:49:52 AM
It's pretty clear that trading is like learning to ride a bike—takes a bit of time and a few scrapes, but you get there. And yeah, trading and just holding onto good projects are two different ball games. I remember when I was just dipping my toes into crypto, I started with sites like crydis.com and also checked out newsletters from cointelegraph.com. Super helpful in giving me a head start at low cost and pushing me to dig deeper. Trading's got its ups and downs, but staying informed sure does help.
But yeah, jumping in, doing a bit of homework, and getting the basics down is the way to go. Nothing's a sure shot in investments, but with the right resources and a go-getter attitude, even us newbies can grab some wins. Crypto's a big, big world, and there's something in it for everyone. Let's find what works best for us and roll with it! 🚀
But yeah, jumping in, doing a bit of homework, and getting the basics down is the way to go. Nothing's a sure shot in investments, but with the right resources and a go-getter attitude, even us newbies can grab some wins. Crypto's a big, big world, and there's something in it for everyone. Let's find what works best for us and roll with it! 🚀
August 24, 2023, 11:35:55 PM
Absolutely true, i think not only newbies but also everyone can't profit from crypto without knowing how to trade. For proper training everyone need proper knowledge about it. So mainly newbies at first need gather knowledge about trading then they can start trade. It is very important for traders. Without proper knowledge Newbies could not possible. They will loss his valuable fund. And Couldn't able to profit from trading. So i am agree with you. So you told appropriate newbies to profit from crypto need learn about it.
If the trader is new or very old, if he can't choose the right coin at the right time, it will be a big problem for him to make a profit. There are some risks, some time there is a possibility of profit and some time there is a possibility of loss. It can be very good for the new people who want to learn trading, if they start trading with a small amount of money. 
August 24, 2023, 06:23:34 PM
when it comes to trading, at least he needs to have basic knowledge about it so he can do day trading or in the long term.
talking about profit issues, then he also needs to have knowledge about what coin he will choose to trade, and needs to do analysis. he could have done that without analysis, but it was obvious that he was relying on luck. get a profit or not, it depends again on how the movement of the coin he chooses. no one knows about it. it's just that people who are knowledgeable about trading tend to benefit more easily and can minimize risks than people who have just traded.
talking about profit issues, then he also needs to have knowledge about what coin he will choose to trade, and needs to do analysis. he could have done that without analysis, but it was obvious that he was relying on luck. get a profit or not, it depends again on how the movement of the coin he chooses. no one knows about it. it's just that people who are knowledgeable about trading tend to benefit more easily and can minimize risks than people who have just traded.
Exactly, Knowledge comes first, there's no such thing that you will stake your money at crypto just to rely at luck. As a newbie you know to yourself that you lack the knowledge so you must learn even the basic background about trading. Because in trading, it might give you a quick profit but it also gives quick loss. Imagine you're trading on some alt coin you don't even have any idea about it's past market value and analysis it's like playing some games. Remember that losing some funds or assets it's part of your journey in the crypto, but once it you keep losing and losing continuosly for sure there's something wrong on how you trade. I think mental and emotional state of the person also has an impact in here, if they can't remain calm and they panic it could just worsen the risk.
people would really be able to experience specially if they are really that a complete noob. Veterans or professionals are once newbies too on which they had able to experience out those kind of mistakes.
Learning do comes from your own mistakes and it would really be just that right that you should really be making use of these things as your learning stones for you to make yourself better because if not then you wont really be finding yourself to be that progressive and this is something that we must avoid in the first place. Dont mind about others about having that fast pace kind of approach on learning things. Just mind your own and taking it into the slow pace as long you do find yourself that having a progress then this is the most important thing that should be done.
August 24, 2023, 01:39:53 PM
when it comes to trading, at least he needs to have basic knowledge about it so he can do day trading or in the long term.
talking about profit issues, then he also needs to have knowledge about what coin he will choose to trade, and needs to do analysis. he could have done that without analysis, but it was obvious that he was relying on luck. get a profit or not, it depends again on how the movement of the coin he chooses. no one knows about it. it's just that people who are knowledgeable about trading tend to benefit more easily and can minimize risks than people who have just traded.
talking about profit issues, then he also needs to have knowledge about what coin he will choose to trade, and needs to do analysis. he could have done that without analysis, but it was obvious that he was relying on luck. get a profit or not, it depends again on how the movement of the coin he chooses. no one knows about it. it's just that people who are knowledgeable about trading tend to benefit more easily and can minimize risks than people who have just traded.
Exactly, Knowledge comes first, there's no such thing that you will stake your money at crypto just to rely at luck. As a newbie you know to yourself that you lack the knowledge so you must learn even the basic background about trading. Because in trading, it might give you a quick profit but it also gives quick loss. Imagine you're trading on some alt coin you don't even have any idea about it's past market value and analysis it's like playing some games. Remember that losing some funds or assets it's part of your journey in the crypto, but once it you keep losing and losing continuosly for sure there's something wrong on how you trade. I think mental and emotional state of the person also has an impact in here, if they can't remain calm and they panic it could just worsen the risk.
August 24, 2023, 01:30:42 PM
Yes, making money through trading is as easy as it is risky. Because if one does not have good knowledge about trading and does not have a skill then in that case he will not be able to make good profit from trading and on the contrary he will lose in trading. In this case, Newbies are at risk because they don't have good knowledge about trading and don't know good trading strategies. In this case, they borrow from others and join various paid or free signal channels and follow them and trade
Not only newbies but experienced traders also does not get profit all the time because trading is very risky and for newbies it is too hard to take profit because they are new in the field.
Once a man takes the taste of profit in trading then he does not think what will happen next but trying to put more and more money even he accept the way of borrowing money from others. So in this situation trading is not trading but trading adapted the way of gambling which is not a suitable way of earning.
It is not necessary that all knowledge you achieved before trading then you will never face defeat but actually these little mistakes occurs only to make you experienced trader, you will work to overcome these mistakes so then you can get your goals successfully.
August 23, 2023, 09:30:22 PM
I overheard my coworkers discussing the idea that new investors in crypto cannot make profits without possessing trading skills. I would like to initiate a discussion on whether this claim is true or false. In my view, this belief is a false notion that is spread by individuals who want to discourage those who are curious about investing in crypto. What is your perspective on this topic?
It will be good for those who want to trade in new situation if they can start trading with good understanding about trading. There is some risk while trading in new situation. One should accept this risk and start trading and accept profit while trading. And it is better to accept loss and trade. Those who start new trade sometimes lose all their money due to small mistakes. One thing should always be kept in mind while trading never be greedy be satisfied with small profit. 
August 23, 2023, 04:40:35 PM
Investment is better and safer than trading and if you invest in the safest cryptocurrency, Bitcoin, you will have a profit. If you invest in altcoins, I am not sure about how you end with them. Most altcoins will bring losses to you, not profit because most altcoins die with time.
Be it trading or investment in crypto, all involve risk and there is no guarantee that the coin you buy or project that you invested in today will be there tomorrow without going bankrupt or even going rug pool tomorrow. Looking at the Luna and FTX projects that collapsed taught us a great lesson, except when we talk about investment with minimal risk, then we can talk about Bitcoin. People can trade and make their capital today and can also lose the same capital today verse Versa, It really depends on the one that works for you, then go for it. 
August 23, 2023, 02:59:42 PM
Absolutely true, i think not only newbies but also everyone can't profit from crypto without knowing how to trade. For proper training everyone need proper knowledge about it. So mainly newbies at first need gather knowledge about trading then they can start trade. It is very important for traders. Without proper knowledge Newbies could not possible. They will loss his valuable fund. And Couldn't able to profit from trading. So i am agree with you. So you told appropriate newbies to profit from crypto need learn about it.
August 23, 2023, 12:10:35 PM
I overheard my coworkers discussing the idea that new investors in crypto cannot make profits without possessing trading skills. I would like to initiate a discussion on whether this claim is true or false. In my view, this belief is a false notion that is spread by individuals who want to discourage those who are curious about investing in crypto. What is your perspective on this topic?
Yes, making money through trading is as easy as it is risky. Because if one does not have good knowledge about trading and does not have a skill then in that case he will not be able to make good profit from trading and on the contrary he will lose in trading. In this case, Newbies are at risk because they don't have good knowledge about trading and don't know good trading strategies. In this case, they borrow from others and join various paid or free signal channels and follow them and trade Jump to: