Newbies can't profit from crypto without knowing how to trade. Truth or Myth? - page 2.

TheUltraElite

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Quote from: rozak on August 12, 2023, 02:28:37 AM

that's what beginners do without knowledge and find trading easy to do. indeed not all beginners traders are stupid in starting trading, but more of them rashly start trading and end up losing.

Rashly if they buy at the low price then they are going in the right direction, except if they sell early too not waiting for the price to pump upwards.

Quote

investing in Bitcoin like your advice is one of the best alternatives for beginners. though that doesn't mean it's easy to do. but at least investing in Bitcoin will make it easier for beginners to understand how the market and also the actual trading is done better. everything still requires a process that takes time and also capital.

It requires patience and newbies can build up their stash gradually depending on how they are earning a salary or collecting bitcoin from campaigns and all. Its a slow and steady race unlike some altcoins which imply a false get-rich-quick scheme and the eventual loss of newbie investment money.

We all have been newbie traders at one time or another. The important thing is the learning curve and the patience that made us separate from others.

rozak

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Quote from: Dzwaafu11 on August 09, 2023, 09:54:18 AM

Quote from: Zee27 on July 17, 2023, 08:45:41 AM

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.

Of course, there are other ways for a newbie to make money without engaging in trading. The only way, in my opinion, to make money in the cryptocurrency sector if you don't want to trade is by investing. A novice can put money into bitcoin, wait whatever long they want for it to accomplish their goal, and then they will have invested in crypto currency without becoming a trader. Remember that investing requires some fundamental knowledge, although it is not as difficult as trading.

But you can make money even from trading. The issue with many newcomers today is that they prefer bitcoin trading instead, which is also not a bad thing. However, these same guys who prefer bitcoin trading or other cryptocurrencies are still the ones who don't want to settle and learn how trading works, which is why they typically give up in the end and conclude that trading is not for them.

that's what beginners do without knowledge and find trading easy to do. indeed not all beginners traders are stupid in starting trading, but more of them rashly start trading and end up losing.
investing in Bitcoin like your advice is one of the best alternatives for beginners. though that doesn't mean it's easy to do. but at least investing in Bitcoin will make it easier for beginners to understand how the market and also the actual trading is done better. everything still requires a process that takes time and also capital.

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Quote from: benalexis12 on August 02, 2023, 05:09:37 AM

Quote from: Zee27 on July 17, 2023, 08:45:41 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 will benefit newbies from crypto investment without having to be a sunburgean in the sun or a professional businessman. Because I believe there are other ways to earn besides trading.
It is valid and it is true that when you have no knowledge of crypto you will not get a future income. It's just like that, but you'll be a driver if you don't know if to drive a car? You should train or find out first and study these steps. And then you apply a license if you know how to know, just the same in Ceypto Trading when you find out, first find out the coins you are going to sell if you really sell it This.

This is why people should learn how to trade but the question here is that if it's true or not. I feel like it's true but it's not as true as people think it is. What I mean by that is the fact that there could be rare cases when newbies could make money by getting lucky as well. Look at the most earned coin of the day, even on the worst days there are some that went high, and there could be a few newbies who got lucky by having that.

I know that the odds are low, but it's possible that something like that could have happened. I believe that's the difference here and that's why there is a big difference. I believe that we need to focus on the majority though, and most of them do not make any money at all from trading.

Dzwaafu11

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Quote from: Zee27 on July 17, 2023, 08:45:41 AM

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.

Of course, there are other ways for a newbie to make money without engaging in trading. The only way, in my opinion, to make money in the cryptocurrency sector if you don't want to trade is by investing. A novice can put money into bitcoin, wait whatever long they want for it to accomplish their goal, and then they will have invested in crypto currency without becoming a trader. Remember that investing requires some fundamental knowledge, although it is not as difficult as trading.

But you can make money even from trading. The issue with many newcomers today is that they prefer bitcoin trading instead, which is also not a bad thing. However, these same guys who prefer bitcoin trading or other cryptocurrencies are still the ones who don't want to settle and learn how trading works, which is why they typically give up in the end and conclude that trading is not for them.

Jody.Drummer

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Quote from: savetheFORUM on August 08, 2023, 04:44:53 AM

Quote from: usekevin on July 30, 2023, 05:14:59 PM

It’s based on different people,because the people who ready to learn trading.They will learn trading skills in the short period of time,then they can earn huge profits in short period of time.Trader with knowledge will earn,it doesn’t mean they are newbie or experienced.The application of skills on real trading is important.The analysis is based on the recent data,then the analysis can be used.If you have any old data and used that data.Their is possibilities for wrong analysis and can’t be worked fine.

Whatever it is, someone who doesn't even know how to trade can never get a profit from cryptocurrency trading because the logic is simple, you can't build a house if you are not a constructor, you can't operate a patient if you are not a doctor, and there are thousands of other examples that show that you simply can't do a thing which you don't even know how it is done. So, when you get involved with cryptocurrency trading, you first need to know how things work.

If it was that easy to earn profits from cryptocurrency trading, no one in the world would lose any money in it which is not the case because you can always find people crying that they've lost so much money in trading and you will see them accusing and abusing cryptocurrencies for ruining their lives, etc.

It is actually very simple to discuss this, as you said and you have explained this understanding in a very digestible way. There is no way someone can make a profit or income from trading if he himself still does not know what he should do to start. But this is not a bad thing for them, because as a beginner it is still natural, and they can still seek a lot of references from some trusted sources or special mentors to seek knowledge there and start everything from scratch with their own trading style until they can finally make a profit. To get something we want, whatever it is, there must be a contribution first or hard work that we do so that we can benefit from the results of our hard work.
It's true what you said, many also experience losses in trading in cryptocurrency, in my opinion this is a natural result for us as traders, because we will be between profit or loss positions there.

savetheFORUM

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Quote from: usekevin on July 30, 2023, 05:14:59 PM

It’s based on different people,because the people who ready to learn trading.They will learn trading skills in the short period of time,then they can earn huge profits in short period of time.Trader with knowledge will earn,it doesn’t mean they are newbie or experienced.The application of skills on real trading is important.The analysis is based on the recent data,then the analysis can be used.If you have any old data and used that data.Their is possibilities for wrong analysis and can’t be worked fine.

Whatever it is, someone who doesn't even know how to trade can never get a profit from cryptocurrency trading because the logic is simple, you can't build a house if you are not a constructor, you can't operate a patient if you are not a doctor, and there are thousands of other examples that show that you simply can't do a thing which you don't even know how it is done. So, when you get involved with cryptocurrency trading, you first need to know how things work.

If it was that easy to earn profits from cryptocurrency trading, no one in the world would lose any money in it which is not the case because you can always find people crying that they've lost so much money in trading and you will see them accusing and abusing cryptocurrencies for ruining their lives, etc.

Alpha Marine

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All you need is just the basic knowledge of performing a P2P, or how to sell or buy from an exchange (if you don't mind using centralized exchanges).
You need to know how to buy and sell because, one way or the other, you are going to buy your Bitcoin from somewhere or someone and you are also going to sell it (whenever you want) to someone or somewhere.
So all you need is how to buy and sell or exchange your Bitcoin and you're good to go.

On the issue of profit, if you're investing in Bitcoin then you have a higher chance of making a profit, can't say the same for altcoins. Although there are altcoins that can give you profit, the problem comes in knowing which from which.

Quote from: Beparanf on July 17, 2023, 09:03:11 AM

This is true in everything not only in trading. You will never be successful on your trading without the skills of doing it since you don’t have any strategy that will make your profitability consistent. Consistency is the key to have a stable profit.

OP wasn't asking if you can make a profit in trading without trading skills, he was asking if you can make a profit as an investor with trading skills.
I don't think you need trading skills to make a profit as an investor. Just know how to exchange your coin and that's okay.

benalexis12

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Quote from: Zee27 on July 17, 2023, 08:45:41 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 will benefit newbies from crypto investment without having to be a sunburgean in the sun or a professional businessman. Because I believe there are other ways to earn besides trading.
It is valid and it is true that when you have no knowledge of crypto you will not get a future income. It's just like that, but you'll be a driver if you don't know if to drive a car? You should train or find out first and study these steps. And then you apply a license if you know how to know, just the same in Ceypto Trading when you find out, first find out the coins you are going to sell if you really sell it This.

welshhana

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Quote from: Zee27 on July 17, 2023, 08:45:41 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.

You see, you cannot success anywhere without knowing the basics. If you success once or twice, it's like a Russian roulette, you will lose more. That's why it's recommended to invest only that amount of money you are ready to lose.
Knowledge is the key. Always remember that

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Quote from: Bitcoin_people on July 31, 2023, 02:39:05 AM

Quote from: Zee27 on July 17, 2023, 08:45:41 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.

A trader must have experience and strategy to make a profit. Without experience it is never possible to be profitable not only in trading but in all fields people need experience. To be profitable in crypto one must first gain experience about the market and beginners need to know about it first. When a newbie goes to trading he has to know all the things and follow different aspects but he can gain experience and then he can profit. It is true that trading profitably requires experience as well as gaining knowledge and taking advice from good traders. And if a person trades by focusing on all these things then he can definitely profit.

Trading in the Crypto market is just like learning how to read. You must learn various things that will make you get to where you need to get to and learn the market in the right way not jumping from one market to another one just to make profits from them. Profitability is one factor that keeps us in the market for long and if we know what we are doing, we are not going to become the victim of the market. When the profitable traders have taken there profits from the market, it is important for us to make proper research before getting into the market because this is when fake out mostly take place.

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Quote from: uswa56 on July 31, 2023, 05:49:53 AM

Quote from: Bitcoin_people on July 31, 2023, 02:39:05 AM

A trader must have experience and strategy to make a profit. Without experience it is never possible to be profitable not only in trading but in all fields people need experience. To be profitable in crypto one must first gain experience about the market and beginners need to know about it first. When a newbie goes to trading he has to know all the things and follow different aspects but he can gain experience and then he can profit. It is true that trading profitably requires experience as well as gaining knowledge and taking advice from good traders. And if a person trades by focusing on all these things then he can definitely profit.

But it is also possible for beginners to be able to take profits, I think it all depends on the knowledge he has, there are many ways that must be learned before starting to trade and if someone has mastered these things it is not impossible as a beginner to be able to take profits and also I believe in luck.
And the matter of experience is indeed very important, it is a very valuable lesson from trading experience that has been passed, maybe on the way there will be a lot of trading knowledge that can be taken.
In my opinion, whether you are a beginner or someone who has been trading for a long time, profits don't always come. Everything has its time and the experience and knowledge you have is to increase the possibility of profit.

I think if you work hard enough, then you can do anything in life. Unfortunately not everyone has the time to work hard enough, and many are tired and not have the needed stuff to do it. You may think a simple PC and a monitor to follow up could be easy, but waaaaay too many people do not have one as well.

This is why it is quite important to realize that you are not going to end up making a profit, it's just not going to work out in the end. I also hope that it gets to a point where we can make a profit overtime, but we need to spend a lot of time on it. So, it is not going to be a profit on the first day, it is going to take a lot of time to make a profit and that's why if we are unsure about it, then do not start if you need money quickly.

shivansps

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It's not a very simple question. And a beginner is different from a beginner. Basic knowledge is required to trade. I don’t really understand how a person who has no idea about investments or trading can make money. It's like a plumber comes to you and will try to fix something without having an understanding of what he is doing. Must have at least some knowledge.
It is also worth noting that investment and trading are not quite the same thing. In investments, a beginner has more chances than in trading. But over a long period of time, this can fail. Beginners rely more on luck. So it's more like a roulette wheel. It might work once or twice but it won't work all the time

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Quote from: Zee27 on July 17, 2023, 08:45:41 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.

Investing is safer than trading, but even if you choose an investment you still have to know the basics of trading because investing starts when you buy the coin you choose as an investment, and sell it when you want to make a profit
What he said is not entirely true because sometimes you can get bigger and more definite profits from an investment compared to trading, which is sometimes the market is very difficult to analyze because many things can make what has been predicted not go well, bbut if he wants to deepen the knowledge of trade that's not a problem is just trading is not easy and suitable for everyone, more traders are losing trades.

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Quote from: Bitcoin_people on July 31, 2023, 02:39:05 AM

Quote from: Zee27 on July 17, 2023, 08:45:41 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.

A trader must have experience and strategy to make a profit. Without experience it is never possible to be profitable not only in trading but in all fields people need experience. To be profitable in crypto one must first gain experience about the market and beginners need to know about it first. When a newbie goes to trading he has to know all the things and follow different aspects but he can gain experience and then he can profit. It is true that trading profitably requires experience as well as gaining knowledge and taking advice from good traders. And if a person trades by focusing on all these things then he can definitely profit.

But it is also possible for beginners to be able to take profits, I think it all depends on the knowledge he has, there are many ways that must be learned before starting to trade and if someone has mastered these things it is not impossible as a beginner to be able to take profits and also I believe in luck.
And the matter of experience is indeed very important, it is a very valuable lesson from trading experience that has been passed, maybe on the way there will be a lot of trading knowledge that can be taken.
In my opinion, whether you are a beginner or someone who has been trading for a long time, profits don't always come. Everything has its time and the experience and knowledge you have is to increase the possibility of profit.

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Quote from: Zee27 on July 17, 2023, 08:45:41 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.

A trader must have experience and strategy to make a profit. Without experience it is never possible to be profitable not only in trading but in all fields people need experience. To be profitable in crypto one must first gain experience about the market and beginners need to know about it first. When a newbie goes to trading he has to know all the things and follow different aspects but he can gain experience and then he can profit. It is true that trading profitably requires experience as well as gaining knowledge and taking advice from good traders. And if a person trades by focusing on all these things then he can definitely profit.

_BlackStar

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There is only one possible good way to consider that you can generate returns from crypto besides trading - that is investing. You just need to buy, withdraw to your wallet and hold it for a certain period of time, it will give you returns in the long term especially if the asset you choose is a potential asset.

The simple way to trade is to buy low and sell high - but of course it's not as simple as it sounds.
Study and keep learning - you will definitely gain experience from there. If you have doubts and are afraid of possible losses after buying - then do DCA.

usekevin

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It’s based on different people,because the people who ready to learn trading.They will learn trading skills in the short period of time,then they can earn huge profits in short period of time.Trader with knowledge will earn,it doesn’t mean they are newbie or experienced.The application of skills on real trading is important.The analysis is based on the recent data,then the analysis can be used.If you have any old data and used that data.Their is possibilities for wrong analysis and can’t be worked fine.

Unbunplease

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Quote from: Mauser on July 30, 2023, 03:25:52 PM

Of course, it's a myth, anybody can buy crypto currencies today and profit from their rise. It doesn't matter if you have 10 years’ experience or if you heard about cryptos the first time. Just because you are a newbie doesn't mean that you are only going to lose with your trades. Luck plays a big role in trading as well, like in gambling and when the sample size is very small the variance is going to be large. The difference between an experienced trader and a beginner becomes visible over time. A good trader knows how to react to changing market conditions, whereas the beginner will probably react too late or not at all. My recommendation for any new trader is to not overtrade, the motivation is high to trade many different coins. This will mostly likely only lead to losses because we have to pay a lot of transaction fees. It's better for beginners to hold their coins longer and let the price go up over time. As long as you are invested you are going to profit of the longterm upwards trend.

The main problem is figuring out which coins are worth keeping. You can keep a lot of coins - but they will all be either fraudulent coins (that can't be sold) or memes (caliphs for an hour). The biggest problem arises if a beginner follows youtube bloggers' advice about buying coins

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Quote from: Zee27 on July 17, 2023, 08:45:41 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.

Of course, it's a myth, anybody can buy crypto currencies today and profit from their rise. It doesn't matter if you have 10 years’ experience or if you heard about cryptos the first time. Just because you are a newbie doesn't mean that you are only going to lose with your trades. Luck plays a big role in trading as well, like in gambling and when the sample size is very small the variance is going to be large. The difference between an experienced trader and a beginner becomes visible over time. A good trader knows how to react to changing market conditions, whereas the beginner will probably react too late or not at all. My recommendation for any new trader is to not overtrade, the motivation is high to trade many different coins. This will mostly likely only lead to losses because we have to pay a lot of transaction fees. It's better for beginners to hold their coins longer and let the price go up over time. As long as you are invested you are going to profit of the longterm upwards trend.

tygeade

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Quote from: justdimin on July 28, 2023, 09:19:09 AM

I think you should be capable of learning somethings and if you learn it well then you should also gain experience after that as well. I know that not many people see it that way and because there were few newbies who got rich, maybe richer than some veterans, during the bull run because they hit the jackpot and got the right token and made some money.

But they wouldn't be able to do it again, it was pure luck and sometimes that happens and that's understandable. In general though, we are not going to see those people making those type of changes, they are not going to end up with a lot of profit and we should probably see them have different approach for sure. That's why they should learn more about it.

The learning part is the part where people just ignore all together and not even care enough. They just think this market is a place that you could make money easily and jump in and lose money. So the whole "myth" of newbies can't make money was created, because majority of newbies come in thinking they could make a lot of profit but then we ended up not making anything work at all in the end.

This is why we should be considering this as a big issue and not really come up with anything that would change anything in the end. I know that it is not a simple thing, but if we could just make newbies realize that they can't get rich quick, and just have to learn and study to become a good trader, then maybe it could work and newbies won't lose money.

Topic: Newbies can't profit from crypto without knowing how to trade. Truth or Myth? - page 2. (Read 831 times)