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.
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/