Newbies can't profit from crypto without knowing how to trade. Truth or Myth? - page 4.

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Quote from: Zee27 on July 17, 2023, 07:45:41 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.

For me, if you put your money on things that you don't know, it is more likely gambling.
Trading is not gambling, we must sync that it. Trading needs technical skills that need to learn over time.

Take note also that even experienced trades can lose such money, that's why what can you do if you know nothing and trade?

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Quote from: Zee27 on July 17, 2023, 07:45:41 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.

Having knowledge is indeed very important, not only for newbies but also for anyone who carries out trading activities. Because after all, learning to have knowledge is never ending, there will be a lot of information and technology updates that require us to always upgrade this knowledge if we want to be successful.

Knowledge in trading is very necessary, it does not always guarantee 100% success for always profits. But at least by having sufficient knowledge, this will minimize the risk of big losses. So, this is really important.

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Quote from: AmoreJaz on July 22, 2023, 05:11:30 PM

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Quote from: Zee27 on July 17, 2023, 07:45:41 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 don't have to necessarily be a day trader or a professional one to earn from crypto as a newbie, by the way, is there any newbie who becomes a professional trader overnight ? lol.
As a newbie who wants to make money in crypto, you can still achieve that by finding a very good and low risk crypto coin to invest in while they are still cheap, example of low risk coins are usually coin in the top 50 or lesser according to coin market capitalization, but then, if i must mention a name, then the coin with the lowest risk is always bitcoin, you can buy coins like bitcoin when the price is low and sell when the price rises, you can keep doing this repeatedly while learning how to trade like a pro, as soon as you become very good in trading, you can start making profits daily depending on your consistency, knowledge and level of patience.

the chance of earning your profit as a newbie will always be there. however, it depends on the coins that you want to try with. a newcomer can always try their hands on in trading but should use a small amount of money to grasp what is going on in the crypto market. you won't know the feeling if you will just read. so as a start, you can trade using spare money. and it doesn't mean, you will lose it all, if you are lucky, you can already get your first profit. so yeah, even newbie in trading can profit from this market.
but don't get scared when you lose, that's part of learning the trade. even the so-called experts have had their share of losses and still losing. but they already know how to cut losses if in case they are on this side.

The most crucial lesson for every new trader to grasp is the art of knowing when to sell, disregarding the distractions from social media that may urge them to chase profits at the wrong time. While certain coins may present future opportunities for more substantial gains, it's essential to recognize that some altcoins may not offer another chance to sell at a favorable price.

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Quote from: Distinctin on July 23, 2023, 03:57:25 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.

When a lot of whitepapers are created by hired workers, even a good whitepaper will not give any guarantee that the project is okay. The team can disperse at any time, any member of the team can hack and embezzle the collected funds, the collected funds can be spent incorrectly, and many other reasons for the fact that careful scrutiny will yield nothing. NOTHING. It all depends on luck and intuition.

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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.

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Quote from: Fivestar4everMVP on July 22, 2023, 05:35:40 PM

Quote from: AmoreJaz on July 22, 2023, 05:11:30 PM

Quote from: Fivestar4everMVP on July 22, 2023, 05:04:54 PM

Quote from: Zee27 on July 17, 2023, 07:45:41 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 don't have to necessarily be a day trader or a professional one to earn from crypto as a newbie, by the way, is there any newbie who becomes a professional trader overnight ? lol.
As a newbie who wants to make money in crypto, you can still achieve that by finding a very good and low risk crypto coin to invest in while they are still cheap, example of low risk coins are usually coin in the top 50 or lesser according to coin market capitalization, but then, if i must mention a name, then the coin with the lowest risk is always bitcoin, you can buy coins like bitcoin when the price is low and sell when the price rises, you can keep doing this repeatedly while learning how to trade like a pro, as soon as you become very good in trading, you can start making profits daily depending on your consistency, knowledge and level of patience.

the chance of earning your profit as a newbie will always be there. however, it depends on the coins that you want to try with. a newcomer can always try their hands on in trading but should use a small amount of money to grasp what is going on in the crypto market. you won't know the feeling if you will just read. so as a start, you can trade using spare money. and it doesn't mean, you will lose it all, if you are lucky, you can already get your first profit. so yeah, even newbie in trading can profit from this market.
but don't get scared when you lose, that's part of learning the trade. even the so-called experts have had their share of losses and still losing. but they already know how to cut losses if in case they are on this side.

For newbie traders, i am not always in support of them jumping into trading real funds right away as a means of testing their legs on the waters, technology has made it very simple for those who are willing to learn to learn trading by actually trading without having to use real money, like I've mentioned in one of my previous comments on another thread, several advanced crypto exchanges and forex brokers offer users and potential users the ability to choose between trading on a demo account of live account, Demo account mean the trader doesn't have to trade with real fund, but still makes use of all the tools used in trading real funds, this is one of the best ways to learn how to trade before committing real funds to trading, this is actually for those newbies who cant risk losing too much for the purpose of learning.

When you are just starting on crypto field then it would really be just that wise on making yourself that be reading up on towards different things correlated to it. Bare in mind that trading isnt the only
way on making yourself that able to make money or profit here on this space. We do have investment and other various crypto related jobs on which it could really make you earn. Trading isnt the only way but this had been the common option on where most people be dealing off with but of course its not that something that would really be easy because most of newbies do really jump in directly without even trying to look out on what are the possible risks that lies ahead until they would be able to experience it on their very own eyes. TEsting out waters is recommendable and this is why
its never been wise on making use of huge capital or money that you would be putting in specially on the time that you are just starting.

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Quote from: Zee27 on July 17, 2023, 07:45:41 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.

Actually it depends on the trend of the market at that time. For example if you see it right now there is a difficult chance that they would make profit anytime soon because market is very sideways. But at the same time if bull run comes in an year the returns on the money of that person in just 2 years might get upto double or triple or even more than that in altcoins. So yes on a 5 year scale I Am quite confident that crypto will be profitable.

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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.

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Quote from: AmoreJaz on July 22, 2023, 05:11:30 PM

Quote from: Fivestar4everMVP on July 22, 2023, 05:04:54 PM

Quote from: Zee27 on July 17, 2023, 07:45:41 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 don't have to necessarily be a day trader or a professional one to earn from crypto as a newbie, by the way, is there any newbie who becomes a professional trader overnight ? lol.
As a newbie who wants to make money in crypto, you can still achieve that by finding a very good and low risk crypto coin to invest in while they are still cheap, example of low risk coins are usually coin in the top 50 or lesser according to coin market capitalization, but then, if i must mention a name, then the coin with the lowest risk is always bitcoin, you can buy coins like bitcoin when the price is low and sell when the price rises, you can keep doing this repeatedly while learning how to trade like a pro, as soon as you become very good in trading, you can start making profits daily depending on your consistency, knowledge and level of patience.

the chance of earning your profit as a newbie will always be there. however, it depends on the coins that you want to try with. a newcomer can always try their hands on in trading but should use a small amount of money to grasp what is going on in the crypto market. you won't know the feeling if you will just read. so as a start, you can trade using spare money. and it doesn't mean, you will lose it all, if you are lucky, you can already get your first profit. so yeah, even newbie in trading can profit from this market.
but don't get scared when you lose, that's part of learning the trade. even the so-called experts have had their share of losses and still losing. but they already know how to cut losses if in case they are on this side.

For newbie traders, i am not always in support of them jumping into trading real funds right away as a means of testing their legs on the waters, technology has made it very simple for those who are willing to learn to learn trading by actually trading without having to use real money, like I've mentioned in one of my previous comments on another thread, several advanced crypto exchanges and forex brokers offer users and potential users the ability to choose between trading on a demo account of live account, Demo account mean the trader doesn't have to trade with real fund, but still makes use of all the tools used in trading real funds, this is one of the best ways to learn how to trade before committing real funds to trading, this is actually for those newbies who cant risk losing too much for the purpose of learning.

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Quote from: Viscore on July 22, 2023, 04:42:46 PM

Investing alone will make you benefit in crypto because the more coins you invest particularly bitcoin, then the more profits you’ll gain once the price has increased a lot from the time you bought them. And selling them when the market turns bullish will make you very profitable and productive, even if you are not a professional trader.

Investments these days doesn't pan out much. If it were the ICO days at the peak of 2017 bull run, I'd agree. Now, not so much. There's too much regulatory scrutiny that no new project will launch a token via a sale without mandatory KYC submission via the participants. Major way now is to just buy existing tokens or just Bitcoin. While investments like that work, the price doesn't tend to do much because of the bear market we currently are in. The major people benefitting now are those who bought Bitcoin and other tokens during the FTX crash and fud in November 2022. Other than that, not so much.

These days trading > Investing as the market id often in a range.

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Quote from: Fivestar4everMVP on July 22, 2023, 05:04:54 PM

Quote from: Zee27 on July 17, 2023, 07:45:41 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 don't have to necessarily be a day trader or a professional one to earn from crypto as a newbie, by the way, is there any newbie who becomes a professional trader overnight ? lol.
As a newbie who wants to make money in crypto, you can still achieve that by finding a very good and low risk crypto coin to invest in while they are still cheap, example of low risk coins are usually coin in the top 50 or lesser according to coin market capitalization, but then, if i must mention a name, then the coin with the lowest risk is always bitcoin, you can buy coins like bitcoin when the price is low and sell when the price rises, you can keep doing this repeatedly while learning how to trade like a pro, as soon as you become very good in trading, you can start making profits daily depending on your consistency, knowledge and level of patience.

the chance of earning your profit as a newbie will always be there. however, it depends on the coins that you want to try with. a newcomer can always try their hands on in trading but should use a small amount of money to grasp what is going on in the crypto market. you won't know the feeling if you will just read. so as a start, you can trade using spare money. and it doesn't mean, you will lose it all, if you are lucky, you can already get your first profit. so yeah, even newbie in trading can profit from this market.
but don't get scared when you lose, that's part of learning the trade. even the so-called experts have had their share of losses and still losing. but they already know how to cut losses if in case they are on this side.

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Quote from: Zee27 on July 17, 2023, 07:45:41 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 don't have to necessarily be a day trader or a professional one to earn from crypto as a newbie, by the way, is there any newbie who becomes a professional trader overnight ? lol.
As a newbie who wants to make money in crypto, you can still achieve that by finding a very good and low risk crypto coin to invest in while they are still cheap, example of low risk coins are usually coin in the top 50 or lesser according to coin market capitalization, but then, if i must mention a name, then the coin with the lowest risk is always bitcoin, you can buy coins like bitcoin when the price is low and sell when the price rises, you can keep doing this repeatedly while learning how to trade like a pro, as soon as you become very good in trading, you can start making profits daily depending on your consistency, knowledge and level of patience.

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Quote from: Zee27 on July 17, 2023, 07:45:41 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 alone will make you benefit in crypto because the more coins you invest particularly bitcoin, then the more profits you’ll gain once the price has increased a lot from the time you bought them. And selling them when the market turns bullish will make you very profitable and productive, even if you are not a professional trader.

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Quote from: Zee27 on July 17, 2023, 07:45:41 AM

I overheard my coworkers discussing the idea that new investors in crypto cannot make profits without possessing trading skills.

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 investment. Investment in Bitcoin, I want to emphasize Bitcoin investment, will help you get profit. Investment in altcoins will be more risky, uncertain and mainly will bring losses.

Investment with your money, don't borrow money and buy bitcoin, then think you are investing in Bitcoin. It is gambling when the money used is not yours.

Quote from: Botnake on July 21, 2023, 04:50:54 PM

Focus on DCA and in less time, you will start to profit in crypto without getting yourself involved in trading. Trading is a lot more risky that’s why some people are hesitant to start to trade, and so they just focus on investing and with their patience and their ability to manage their investments for long term, profits are definitely waiting ahead. So investing alone is already profitable, as long as you stick to its basic of buying low and selling high.

Trading is more risky and more pressure. It takes more time from you too and if you don't have enough time, trading is not for you.

So thinking about more risky, more pressure, more time must be spent for trading, I would give it up and consider alternatives. As said above, it's investment which will be helped with dollar cost averaging DCA.

https://dcabtc.com/

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Quote from: Zee27 on July 17, 2023, 07:45:41 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.

Focus on DCA and in less time, you will start to profit in crypto without getting yourself involved in trading. Trading is a lot more risky that’s why some people are hesitant to start to trade, and so they just focus on investing and with their patience and their ability to manage their investments for long term, profits are definitely waiting ahead. So investing alone is already profitable, as long as you stick to its basic of buying low and selling high.

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Quote from: darkangel11 on July 19, 2023, 03:48:38 PM

Quote from: Finestream on July 17, 2023, 04:23:20 PM

It’s a truth. People will never gain profits in crypto if they won’t be expose with buy and sell.

You're so wrong about this. Don't you get that if bitcoin can be exchange to goods and services directly? You don't have to know how to trade it on exchange to turn it into those goods and services.
Someone bought bitcoin in 2020 and in 2021, when he was up 300%, he bought a house with bitcoin, because the seller or the agency agreed to such deal. According to you that person did not gain any profit. Cheesy

Also, he can use it as a payment method if he has a business, which can attract more customers and also increase profits. You are right about selling your services, like here in the forum, or there are other tasks like graphic design, video editing, and other microtasks that you'll be paid for with bitcoin. There are tons of ways to earn, but trading is really the main one that all of us can do, like buying and holding it as it is still trading, but it will take more years before you sell it.

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Quote from: Zee27 on July 17, 2023, 07:45:41 AM

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?

Crypto trading is different from crypto investment. If you want to invest in a coin, what you need to do is to know how to navigate your way in an exchange where the coin is listed and you put your order and you are hodling it until when you want to sell or someone can buy for you or invest your money if you don't know how to buy through the exchange. But trading require basic trading knowledge and that is very important because you can't give what you don't have.

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Quote from: Zee27 on July 17, 2023, 07:45:41 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.

Actually could be possible your co-workers are talking about the long term investment with the use of the spot trading they are leaving their investment and wait for the market goes up as they want to take profit most of the newbies are doing this but the number of profit will depends on the amount of your investments, again the market is volatile so expect as you can that not all the time there's a winning trades. To make yourself more aware ideal to learn basic trading you can do spot trading too like scalpings take profit with the small price movement so you can not settle with holding your assets.

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Newbies are never allowed to trade in the first place, unless they have gained enough experiences that will hone their skills and strategies in trading. However, since newbies would find it hard from profiting in trading, then investing on the other hand is a safer way to help them accumulate some profits. Regardless if you have gained experiences or not, as long as you always invest for long term goal, provided that you have the good mindset and patience required, then eventually making profits would will still be possible. The only reason why people never achieve good profits is that they are greedy enough to expect quick returns and decide to sell even when the price is still not reasonable and impressive to sell.

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Quote from: Zee27 on July 17, 2023, 07:45:41 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 and trading are actually different thing. However, some plain investors dream to become professional traders because they know it would pave way to a bigger and more huge profits that investing alone cannot guarantee. But I’m not saying that investing alone especially if it’s for long term is not profitable at all. Of course, it’s the easiest and risk free to gain profits while you are just sitting alone waiting for the price to skyrocket.

Topic: Newbies can't profit from crypto without knowing how to trade. Truth or Myth? - page 4. (Read 912 times)