If it is a longterm investment that requires one to hodl Bitcoin I don't think one needs much knowledge to hodl Bitcoin, in hodling what one needs to understand is just to have patience and not to be in panic if the market is going dip because it will definitely come up again. Trading needs more knowledge, it is impossible for someone who knows nothing about trading to start trading and will succeed in making good profits out from trading. Their are rules and principles in trading, their are also strategies in trading that beginners needs to know before starting trading. Trading is not luck or gambling that anyone can be lucky to win, trading is a skill and institution that people needs knowledge to do it proper to reduce the rate of money that can be lose.
Still, for long term investment if you don't have know idea what you are doing you will experience panic everytime the market dip or everytime you will check your PNL, they should know at least the basic one. In everything knowing nothing is pure useless, we should do a little bit effort in order for us to make it successfull or in order for us not to regret things because we fully understand it. 
Topic: Newbies can't profit from crypto without knowing how to trade. Truth or Myth? - page 3. (Read 912 times)
July 28, 2023, 03:44:01 PM
July 28, 2023, 09:54:24 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.
If it is a longterm investment that requires one to hodl Bitcoin I don't think one needs much knowledge to hodl Bitcoin, in hodling what one needs to understand is just to have patience and not to be in panic if the market is going dip because it will definitely come up again. Trading needs more knowledge, it is impossible for someone who knows nothing about trading to start trading and will succeed in making good profits out from trading. Their are rules and principles in trading, their are also strategies in trading that beginners needs to know before starting trading. Trading is not luck or gambling that anyone can be lucky to win, trading is a skill and institution that people needs knowledge to do it proper to reduce the rate of money that can be lose. 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.
July 28, 2023, 08:19:09 AM
I disagree.
You need knowledge on what you're going to do before you actually to do it, to have a better result, just imagine investing in Bitcoin but you didn't know what is a Bitcoin address and where to buy it, or what wallet you should use, when is the right time to buy and sell, etc.
Without those knowledge, you'll end up losing your funds because of commiting mistakes, and you don't want that. Even if it is trading or holding, you need some knowledge for you to maximize the profits you can make in the long run.
I agree with you. 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.You need knowledge on what you're going to do before you actually to do it, to have a better result, just imagine investing in Bitcoin but you didn't know what is a Bitcoin address and where to buy it, or what wallet you should use, when is the right time to buy and sell, etc.
Without those knowledge, you'll end up losing your funds because of commiting mistakes, and you don't want that. Even if it is trading or holding, you need some knowledge for you to maximize the profits you can make in the long run.
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.
July 28, 2023, 07:36:13 AM
False. Just buying cryptocurrencies and keeping them as an asset will make you profit, by a lot sometimes.
It is the new gold so we don't really need to do anything to make some money out of it.
Actually, the mistake is newbies trading at their early stage will be the problem. They don't anything about the behavior of the market and yet they already going to war. Without guns, without bullets, and without anything to protect them from the manipulative fluctuation of the market.
The safest method is actually just buying it, storing it, and letting the market decide if it's worthy of more demand. We do our research for that, real investors do.
It is the new gold so we don't really need to do anything to make some money out of it.
Actually, the mistake is newbies trading at their early stage will be the problem. They don't anything about the behavior of the market and yet they already going to war. Without guns, without bullets, and without anything to protect them from the manipulative fluctuation of the market.
The safest method is actually just buying it, storing it, and letting the market decide if it's worthy of more demand. We do our research for that, real investors do.
July 27, 2023, 10:13:27 PM
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.
I've heard of people talk about staking but I haven't done it before so wouldn't make any recommendations for that but I think you should check it out and see if you can give it a shot.
July 27, 2023, 03:16:15 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.
It’s certainly a myth only. Trading is said to be very profitable especially for those who are skilled and knowledgeable traders. But investing is also a means to make profits especially for those who are long term hodlers because definitely their profits will be a lot bigger. However, I would say that both can still be profitable especially if they trade or invest accordingly. 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.
July 27, 2023, 02:16:12 PM
~Snip
Yeah, it does require some skills to invest. But learning them won't be that much difficult as trading. Emotion control is a part of both trading and investing. If you don't have control over your emotion, such a thing could happen as you mentioned. It is so important to learn emotion control for this reason. Either it is investing/HODLing or trading. If you get a grasp of this particular one, then everything that is in investing sector becomes much easy. HODLing is not easy and I do agree with this. But the thing that causes the problem is mainly emotional decisions. Investing takes patience and will to Hodl long. After that, you can analyze the market or invest right away. In the long run, it won't make that big of a difference. So to me, investing is easier than learning to trade. Maybe this is why they say, "Trading is not for everybody".
July 27, 2023, 06:55:49 AM
I disagree.
You need knowledge on what you're going to do before you actually to do it, to have a better result, just imagine investing in Bitcoin but you didn't know what is a Bitcoin address and where to buy it, or what wallet you should use, when is the right time to buy and sell, etc.
Without those knowledge, you'll end up losing your funds because of commiting mistakes, and you don't want that. Even if it is trading or holding, you need some knowledge for you to maximize the profits you can make in the long run.
You need knowledge on what you're going to do before you actually to do it, to have a better result, just imagine investing in Bitcoin but you didn't know what is a Bitcoin address and where to buy it, or what wallet you should use, when is the right time to buy and sell, etc.
Without those knowledge, you'll end up losing your funds because of commiting mistakes, and you don't want that. Even if it is trading or holding, you need some knowledge for you to maximize the profits you can make in the long run.
July 27, 2023, 06:31:29 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.
it's not a myth but a fact, how can you make a profit in trading without basic knowledge of trading itself, don't say that trading is a scam even though you are wrong yourself, you don't have the capability to trade. You can do it self-taught, but it takes decades for you to have good skills in training, so you should try to read the basic knowledge of trading first, try trading with a demo account before really playing with your real money, don't underestimate this easy thing because if you fail to build your trading instincts from the start, you will never make a profit from trading forever. 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.
July 27, 2023, 12:33:00 AM
Newbies generally don't know what they want to do when they get into cryptocurrencies, they sometimes want to become investors because they don't know much about trading and the market in general, but they also see people making trades on a daily basis so they get confused whether they want to become traders or investors.
This is the reason we have to decide what we want to be before we invest our money, if you want to be a trader you have to start learning how to trade and not wait until you have already bought a coin before you start learning how to trade. Trading is just one of the ways to profit from the crypto market so you must not learn how to trade before you profit from crypto. You can decide to do with your coins whatever you wish, you can decide to be just an investor or both.
Newbies can make profits from crypto through investment, staking, mining, trading, lending, airdrop etc. As a newbie you shouldn't depends on just one ways to make money because the market mightn't be giving profits in one of the ways which means you have to switch.
July 26, 2023, 11:23:14 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.
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.
Yup, there definitely are other options besides trading. You can simply just buy and HODL for a long term and get profit from it. To do this, you don't need complicated trading knowledge. The only knowledge you are going to need is how you can buy it and what coin it should be. One more important thing which is necessary to learn is how to secure your wallet and which wallet you should choose. Everyone will recommend hardware wallets and that's the best as you are going to HODL for a long time.
If you are looking for a high gain and secure investment plan, choose Bitcoin. It is decentralized and this will give you much more freedom and security. HODL it in a personal wallet and wait for price pump. One thing that helps a lot when you are starting your journey is learning DCA. Do your own research on it. This will give you a chance to further maximize your profit. But all that is needed is patience and will to wait for that long.
Still once you develop the necessary skills then investing almost becomes an automatic activity and its difficulty decreases considerably.
July 25, 2023, 04:17:05 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.
Trading is certainly a profitable way to earn from crypto but if you come to trading without experience but basically more on greed, you will only gain life changing losses instead. That’s why some traders never last long but only focus on in investing and hodling bitcoin for long term. That is way more calm and relaxing, and even less stress but still you are earning like 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.
July 25, 2023, 03:33:45 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.
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.
Yup, there definitely are other options besides trading. You can simply just buy and HODL for a long term and get profit from it. To do this, you don't need complicated trading knowledge. The only knowledge you are going to need is how you can buy it and what coin it should be. One more important thing which is necessary to learn is how to secure your wallet and which wallet you should choose. Everyone will recommend hardware wallets and that's the best as you are going to HODL for a long time.
If you are looking for a high gain and secure investment plan, choose Bitcoin. It is decentralized and this will give you much more freedom and security. HODL it in a personal wallet and wait for price pump. One thing that helps a lot when you are starting your journey is learning DCA. Do your own research on it. This will give you a chance to further maximize your profit. But all that is needed is patience and will to wait for that long.
July 25, 2023, 03:31:25 PM
First, there is a big gap between a trader and a normal investor. A trader is basically someone who frequently buys Bitcoin or Altcoins at a low price and sells if the price is high, while an investor only buys his desired coin (Bitcoin, preferably) and holds it for a long time when they have made a huge profit. To become an investor, you don't need any trading skills or courses before you can successfully invest in Bitcoin; all you need is to know how and where to securely buy your coin and how to safely hold it on your Self-contained wallet.
Very well explained. A lot of people confuse themselves between these two when they are buying Bitcoin, they think that they are getting involved in trading when in reality, they are just investing because they won't be trading those Bitcoins back and forth only to gain short-term profits but they will be holding them for a longer period and only sell them when they think they are getting enough profit as per their desire or caliber, and then they buy again when the price drops.Newbies generally don't know what they want to do when they get into cryptocurrencies, they sometimes want to become investors because they don't know much about trading and the market in general, but they also see people making trades on a daily basis so they get confused whether they want to become traders or investors.
really be called gambling in the first place. When we are still a newbie then it would be understandable that there would be lots of things which is lacking and would really be resulting into bad decisions
which it would really be resulting into losses but thats the normal cycle and situation because even veterans are ones noobs too but due to experience and awareness then you are really that
making yourself way more better as years passing or month is going on.
Mistakes and errors on which it would really be just that normal on having that kind of situation, the importance on this one is that you would really be able to learn up
from those errors which would really be helpful for you afterwards.
July 24, 2023, 11:58:21 AM
First, there is a big gap between a trader and a normal investor. A trader is basically someone who frequently buys Bitcoin or Altcoins at a low price and sells if the price is high, while an investor only buys his desired coin (Bitcoin, preferably) and holds it for a long time when they have made a huge profit. To become an investor, you don't need any trading skills or courses before you can successfully invest in Bitcoin; all you need is to know how and where to securely buy your coin and how to safely hold it on your Self-contained wallet.
Very well explained. A lot of people confuse themselves between these two when they are buying Bitcoin, they think that they are getting involved in trading when in reality, they are just investing because they won't be trading those Bitcoins back and forth only to gain short-term profits but they will be holding them for a longer period and only sell them when they think they are getting enough profit as per their desire or caliber, and then they buy again when the price drops.Newbies generally don't know what they want to do when they get into cryptocurrencies, they sometimes want to become investors because they don't know much about trading and the market in general, but they also see people making trades on a daily basis so they get confused whether they want to become traders or investors.
July 24, 2023, 03:12:15 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.
That's true, and it's very obvious that before you make profit in trading you most understand the rudiments of Trading but sometimes people I think in trading it's something that you will make just like that without having the pre understanding or knowledge of trading skills, even in bitcoin investment you have to acquire the knowledge first before venturing into it's investment, this is one of the major reasons while people do land into lost during investment or trading, at least having the scope it will help the beginner to know the preamble of what trading or neither investment is all about and failure to learn it properly, it will definitely leads into disadvantages and the disadvantages is all about loss. So in trading we have to take an adequate precautions so that we will not end up losing our capital towards the investment. 
July 24, 2023, 02:53:17 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?
Without knowledge and skills will not benefit. Acquiring knowledge and skills requires a process. A very important process is our desire to get it.Perhaps the goal was not meant to discourage people from investing. Sometimes it takes a long time to run the process.
It is better to invest than trade in crypto space. Choose Bitcoin as an investment asset and hold it until the profit target is reached. Due to the large number of altcoins, choose one that has a strong and large community in the market to invest in if you want to invest. Most altcoins will end up in vain.
Trading is too risky to lose for beginners who do not have expertise in trading.
July 24, 2023, 12:26:06 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.
that is wrong for me , because even if we are not trader still you can make profit from crypto market buy Investing meaning HODL? or you can do some staking ? and also there are what we called Short term trading in which you need not to spend whole day watching your funds.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.
but being newbies? it is not advisable to just enter and invest or trade because the more you eager to earn is the more you will fall from traps and wrong decisioning.
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July 23, 2023, 09:43:04 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?
The keyword here is "new investors".I can consider myself a new investor if I just invested yesterday, but I have gained lots of knowledge because before I invested, I learned for at least a year. Now to answer what your co-workers said, new investors can still make profits even they are still new thru just buy and hold. On the other hand, new investors can't make profits if they don't have any skill or experience in trading because I believe that experience play a huge role when it comes to trading. New investors can still make profit, but not in trading (at least for me).
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.
Buy and hold.This is so far the easiest way to gain profits in cryptocurrency. Knowing that crypto is very volatile, and quite unpredictable, there's a chance that your money today might go up double digits after few weeks just by holding, but of course this isn't always the case as it might go down double digit percentage as well. This is how newbies can benefit from crypto investment. Getting profits thru this method will take a longer time compare to if you are trading, but it's safer, and lesser stress.
July 23, 2023, 06:32:29 PM
I believe it’s only a myth because the crypto market is not just for trading alone, but everything starts with investing. And those who carefully invest with caution, with high knowledge on the coins they are investing, have high probability to be successful and be profitable in the market. However, if you are skilled in both, investing and trading, then the more visible profits you will gain in the future.
Technically yes but in trading, you should have the knowledge about how it works or else you'll just lose the money.Trading is not easy because there's a lot of things that you need to consider, the indicators is a big help but again its not easy to learn it.
It takes time before you actually have a good strategy in trading, and while doing this you can just try other options in cryptomarket to make money, investing is a good one.
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