Topic: Newbies say no to Trading. (Read 718 times)

Being in trading demands a lot of expertise. irrespective of whether you are a newbie or not, you avoid it if you lack the understanding necessary to trade effectively and make a profit. The most crucial thing to keep in mind is that trading is riskier than it first appears. However, if you feel like you want to be involved and are willing to face the risk, make sure you are less greedy, trade with an amount you can afford to lose, and don't use it as only side hustle. If not, you'll look back and wonder why you even started trading.

I think there are too few such beginners who start learning various trading strategies before starting trading. In practice, after a beginner has become familiar with the exchange's interface, he starts trading. And after he loses his money, he begins to be interested in various strategies that will allow him not to lose his money in the future.

It’s nice for someone to have knowledge of what he or she is trying to do, not only trading but even investment, because without the knowledge, someone won’t know how to secure their investment. The same is true for trading; without knowledge of trading and the technical analysis involved, you will not get anything from trading but lose your money at any time.

However, it always surprises me if a newbie decides to start trading without the fundamental knowledge of trading. Instead of a newbie deciding to start trading without knowledge, why not just go for investment even though his or her main aim is trading? I always think they use the money to invest in bitcoin first, after they have learned their trading skills.


Yes, mate, it is pretty good to start with a small capital. The fact that there is no guarantee of your money's return, regardless of profits, means that if you trade with a small amount of money, even if you lose, you may not get into financial trouble again. Because that is what affects some people when they see trading as something that will get them rich quick, they put a high amount of money into trading without thinking of the risk involved, which is why forum members always emphasise that trading is not for beginners, which is true.

You have a good point that someone who doesn't take risks will stay where they've always been while those who take risks all the time tend to get success eventually. So, I also understand that it is too risky for a newbie to trade, but the risk can be reduced by gaining knowledge and experience. A newbie isn't supposed to start trading right after entering the market but they should first the ways of the market, techniques, indicators, risk management, etc.

Once a newbie learns everything, they should decide if they want to just buy Bitcoins and keep them for the long term or keep liquid cash and do trading with it on a daily basis because they can get more profit this way, and the decision will surely go towards trading since the risk has been reduced now.

It is absolutely true that the advantage of bitcoin is to invest in it for the long term. And using an accumulation strategy called DCA is what is widely recommended and also practiced by everyone here. Including me.


And on this point you are also right. That to be able to start trading at least we must first learn all the things needed to increase our level of success in trading. Namely by mastering technical and fundamental analysis. And also trading psychology and such. even financial management and risk must also be mastered in this case. So don't rush into trading. Except only with small money, namely the practice of trading while learning.


Well about this it is clear that we should not leave our main job. It would even be better if we supplement our income by working on the side. And the extra money we get we can put in crypto investments. And we can still invest the main income in other things such as property and so on.

I don't really think that's the case. I just believe it's miss information and I've also fallen for that before . My advice for anyone going into trading is you must get prior information about trading and seek out a mentor to follow in his footsteps so you won't find it hard to develop your own working strategy, and most of all be patient trading is a skill you must develop it. And I don't see why I should quit my job just for a gold rush . Quit absurd

If you look at the recent cycles of bitcoin, there are many altcoins that have outperformed bitcoin, so there will always be better investments than bitcoin, but whether newcomers will be able to recognize them, I'm not sure. Trading is a separate area that requires a lot of knowledge, discipline and the right strategy, I also doubt that a beginner can have this, and until they achieves this, they will lose money.

for a beginner, of course, you have to prioritize knowledge before jumping into trading, such as daily trading and so on, and indeed it would be better if a beginner invests in btc for the long term, but in my opinion, for example, if our have a lot of knowledge, of course you can trade, but for me personally in the past I immediately have two capitals, namely for long-term investment and for trading, but in the trading learning stage I always use very small capital, and after that I can analyze and so on, then I add capital for trading. so I think it is also possible for beginners to learn trading as long as they have very small capital and have to use idle money.

Most of the new members who are interested in trading always think that they will get rich very quickly by trading. They get the idea of getting rich very quickly when they get various positive ideas about trading or watch positive videos about trading on various social media. When a video is published on various social media about trading, the video only shows the positive aspects of trading and the person who publishes the video only shows his profit parts in the video, thereby creating an impression in the mind of every new member that If they trade like that person then they can earn a lot of money very quickly. By thinking like this, when they invest without thinking anything, they lose a lot of money due to not having enough knowledge about trading. A new member should never do this. We must keep in mind that everything has pros and cons. When a YouTuber only talks about the good things about trading, you have to understand that there are as many good things about trading that the person has discussed that YouTube has not presented to everyone. A new member should start trading only after gaining adequate understanding of trading by accepting these points.

You understand trading patterns, investments and ways to make profits on bitcoin very well and I see that there are many beginners who only tell stories about how to make profits without thinking about the high level of risk. Holding bitcoins in the long term is one of the most appropriate steps to make profits and the convenience is that we don't need to think about a downward position caused by several conditions that occur. Trading requires knowledge and there are many things to consider so you don't get a psychological breakdown when you experience a loss.

But if someone is able to do it there's nothing wrong with starting with a small capital first because the more experienced the better, although no one can guarantee that the more experienced you will not get a loss in trading. When we are not ready to run it, using an investment with a DCA pattern will be much better as has been suggested by many people before.

The strange fact for me remains that when people are addicted to gambling, and they try to do something about it, psychologists forbid them to play slots where demo accounts are used. It would seem that there is no difference, but apparently, when a person has run around earning money in this way, even a demo account becomes not dangerous for him.
I do not know if it is possible to become obsessed with trading, but I am sure that it can cause obsessive states, like checking the price every minute.

Nevertheless, I still consider a demo account in trading to be quite harmless for a trader, but at the same time not very useful.

New traders always think that trading is possible to maximize profits and get rich quickly. But it always turns out to be their wrong decision and their reverse thinking eventually leads to their loss and collapse. Basically a new investor must always know all the important roles involved in trading. But a new investor can make profit by trading and if he can analyze the market well then he will not have to face loss. So a new investor should first invest in coins where he will not face any loss. And new businessmen should keep in mind that they should stop short-term thinking and think long-term in which huge profits can be made. and one should always invest in Bitcoin for the long term but it is possible to make a profit in the future if a new trader does this then he can earn a profit in the future.

That's right, learning to trade on a demo account sometimes we can't learn emotions because we use fake money, if later we use real money we can't control our emotions perfectly. The demo account is indeed very useful for just learning techniques, etc. but to learn to hold back your emotions it's better to learn to use real money but with small funds first. Because the best teacher is experience.

I learn from mistakes in trading, this does happen to both beginner and intermediate traders. because technical analysis is only 20%, 80% is mental, rebuilding and wanting to reduce the same mistakes. Because that mentality makes us patient and able to control ourselves, take it easy, don't rush into trading, don't push yourself too hard, sometimes we have bad days. so Stop trading, Calm down when you're better prepared, Shake some more..... So.. Just relax. That way, God willing, it will last even if it hasn't increased, at least it can survive, that's already good.

I agree with you, it is better for newbies to keep their Bitcoin for a long time like will, so that he can achieve his goals, but another thing is that if you understand the risk involved, you can try it too because anything in this life is all about taking risk, even if you keep your Bitcoin for a long time you can't say 100% you will get profit, because the market is volatile, the price increase and decrease anytime, am I newbies and have some questions? Because I've made up my mind that everything I do involves danger, it's better to take the risk. then to watch individuals make money. Long-term investment reduces your dangers more than trading.

For sure they can still learn something by using demo accounts since they can use the strategy they learn and also realize something that it will never work if they are not creative enough to learn more especially when dealing up using their real money since emotion is vital key for them either to lose or win.
I still believe that demo account is useful to anyone but they should not expect that things will work on real time since this is just a guide for trader to define what good alts to trade and test how the exchange works.

I acknowledge this, because you can't because of someone is a newbie and you down degrade the person, on my own I believe that bitcoin have many options which I know quite well that some can learn without acquiring the knowledge in the forum, some have experience of trading before coming to the forum, let us not seen newbies like group of people that know nothing in the forum, I know that bitcoin itself the knowledge can be acquired through Internet and especially  through a YouTube video, so therefore I believe that the knowledge of bitcoin is something we can adopt anywhere. Some people who are professional in trading today did not learn it from bitcointalk but they are doing well in trading. In summary a newbie may know trading more than someone who is in high rank like Sr member in the aspect of trading

That certainly happens after demo accounts. Why? This is because we are now making our own decision emotionally compared to using free tokens and we don't care if ever we lose, emotionless. It was a different feeling when using real money, many things really change, and so did our decision-making. Demo accounts are really good for starters but just to have an idea about trading and how it works but we don't have to expect passive results after. We learn more during actual trading and most of all, we are able to learn how to control our emotions.

Everyone can trade on exchanges, both beginners and professional traders, but it won’t be easy for beginners to start trading, and when they start trading, they shouldn’t be expecting money immediately. I know most beginners believe if they start trading, they will start making money immediately, but it’s not like that, you have to learn first before you can start making money. If you think that immediately you start trading, that’s when you will start making money, then that’s wrong. If you are not careful, you will end up losing everything.

It’s better for newbies to use demo accounts when practising so that they won’t end up losing money, but I don’t know if it happens to me alone. Whenever I am using a demo account, it always seems like I understand everything already and I will be making money, but immediately I deposit a real amount, then things will start going wrong and I will start losing money. So after practising with a demo account, when you want to deposit, make sure it’s a small amount to give it a trial.

It is because not every newbie in this forum is a beginner in crypto. A few of newbie accounts may be experienced people, they just joined this forum but they already invested or traded crypto for a long time. So, we don't underestimate newbie account, not every newbie means a beginner in crypto.

For a real beginner, I agree that they need to focus on learning and get some experience first. Trading isn't something easy, it is a complex and complicated matter. If someone has a lack of knowledge and experience, it will be hard to deal with the volatility in the market. Building a proper mentality as a trader is also a serious matter. Without a strong mentality, someone will be easy to panic and think unrealistically. It should take time to master all this aspects, so beginners don't hurry to trade directly.

Sure, it should be started with small funds or using a demo account first. The focus is to learn and get experience, not to gain profits as much as possible.

This paragraph of the write up cut my attention greatly because it very important for us to protect our Bitcoin holding since that is the only way to truly gain in the long term base, Bitcoin trading is one of the venture or aspect of Bitcoin that i have not really taken time to study or venture in and that is because I already have background knowledge of Bitcoin trading risk ratio since trading is almost the same with gambling, one need not take trading as a means to earn long term profits so for that, the best possible thing to do is to try as much as possible to remain consistent in our bitcoin accumulations approach and also developing and improving daily on the security level of our primary wallet.


Security of funds has been the major setback of many newbies and a lot of them have lost quite a good sum of money all because of a lack of security awareness that cost them avoidable mistakes their way up.

This type of assessment is self limiting. For a fact, that someone is a newbie here doesn't mean they're a newbie in trading or other business endeavours. Nope, that's not true. For all we know, some of these newbies may even be well ahead of many high ranked members here in these things. I've seen expert programmers who came here and were thought to be greenhorns until they threw in their skills and craft to exhibit what they're good at doing.

It will be a hilarious situation if anyone does that. It's not even advisable to quit one's job simply because one got lucky and profitable in trading until after three months. Three months should serve as the trial period. Generally, in business they say you don't take out profit from a new start up for frivolity or unnecessary expenses except to ploy it back into that business within three months of startup.

I only said that newbies should learn trading and understand it before they should go into it to avoid loss. When you are a bitcoin holder,you will make profit in the long term because I believe that bitcoin is still growing in adoption and there is a very slim chance that bitcoin price will run down to zero. The only possible way for this to happen is if the whole countries in the world ban bitcoin. I still understand what you mean but we don't hope for the worst to happen to bitcoin that will make it fail.

Yes you are not nobody knows what the future will have for bitcoin price but from history in every bitcoin circle,it has shown that after the halving comes ATH in the next year,and that the price at bitcoin ATH is always higher than the previous ATH price. Which means that if we go by this,bitcoin investment is profitable when you invest and hodli for a long term,compare to trading that you can make loss in a second. That is what OP is telling the newbies that they shouldn't see trading as something that will generate them with fast money when they don't have the knowledge of trading. It is clear that when you hodli your bitcoin irrespective of the circle,you will be more profitable than stressing yourself to trade on what you are not sure of making profit from.

because it takes quite a long time for a beginner in Bitcoin trading to be really smooth in trading. many beginners choose the Instant way to follow copy trading or follow trading signals. they find it easier.
it has indeed opened the doors of many newbies interested in Bitcoin trading. but they will be very easy to fall for deception in the future. because they do not have enough skills and knowledge.
I hope that there are beginners who come to anyone to learn to trade. they find a worthy mentor.

There are exceptions to this. A person who just invests in Bitcoin may be called a newbie but may not be a newbie in trading in or forex trading. Since they have the same trading principles the forex trader who is now a Bitcoin investor could also become a Bitcoin trader too. But I get the point of the post , which is Bitcoin is not a get-rich-scheme. Trading takes time to learn and even when you learn it as a newbie you will still lose some money or in this case Bitcoin, therefore newbies without high risk tolerance should steer clear of trading until they have mastered it which would take years.

In order for the number of coins to increase in the wallet, knowledge and experience are needed. In this case, I will also be right if I say that futures trading will allow you to quickly increase your deposit, but many beginners lose their money at the same time.

I don't understand how you can advise beginners against trading while advising them to invest 10% of their income in Bitcoin by doing DCA or by hodling.
You have the same amount of chances to make profit or to lose money by trading or hodling IMO. Because nobody can tell if Bitcoin will continue grow in the coming years or if it will crash. IMO we can't except adoption to grow in the same way as it has done from 2009 to 2021, so you shouldn't make beginners dreaming of millions, it's not serious.

That's hella true, Awaklara and this is why I never tend to believe almost all of the success story with crypto trading. There's a lot more than what meets the eye in those stories like nobody would want to share their struggles with those success story. There's just no such thing as quick earnings here in crypto.

What people may call it "short term" might be "long term" for other people. Screw those influencers that just gives the false hope for beginners. They just can't admit that their success was contributed by plenty of luck and some variables that people will never get.

it's because there are quite a number of videos or marketing posts or campaigns from local exchange platforms in a given country. they campaign crypto investment or trading. even made snippets regarding some of the traders who have had success with crypto trading. indirectly it creates a perception in beginners that crypto trading and investment can be an alternative to get rich quickly in a short time.
many beginners don't get proper education for crypto assets and trading. what they are more interested in is short trades with quick profits they can feel.

I would agree to this by a hundred percent. We know it, most newbies tend to think that bitcoin investment is a rich-quick-scheme even though it is not. My hunch is that Bitcoin, for them, are hyped. So they tend to think more positive with this investment.

Are there any people that quit their job even though they only learned about bitcoin and crypto for a short period of time.

On point suggestion, but you I think you need to specify what 'Newbie' are you talking about. I think if a person is a newbie in both Bitcoin and Trading, then they definitely should stay away from Bitcoin trading. If the person is newbie in Trading but already know a lot about the nature of bitcoin and crypto then it will be a big risk, I would never recommend for anyone to learn trading by trading in crypto, stock or forex would be less risky, both stock and forex is less volatile compared to crypto, it will be good for them to experience the trading psychology before jumping to practice trading on crypto. If a person is an expert in trading but a newbie and are not familiar with the nature of crypto market, then I would say go for it, it would be easier for a person who are already experienced in trading of other commodity/market to learn trading on crypto.

It's correct newbie shouldn't straightly jump into trading if he had no experience in trading and don't understand anything about the asset he want to use for trading. But we should know if people who're making money through trading were started from a newbie too, so don't afraid to trade if you want to become a trader.

Obviously not everyone can become a trader, that's why it's important to know what you're good and not.

Pretty good ideas for a newbie. Trading, like investing, cannot be an excuse to quit your job until you have reached the point where your capital can provide you with financial freedom.

To achieve this in trading is much more difficult for an inexperienced trader, and even for an experienced trader, it is not always an easy task to make consistent profits. Therefore, trading should never be regarded as a job, it should be as a hobby, as an activity that you like to do and maybe one day it can bring good profit.

But for most, the best option would be to invest, buy bitcoin and store it properly, it really is the best thing most of us can do.

Newbies would never do great when they decide to trade in an instant. Aside from there is no reliable experience in the market, newbies jumping to trading only prove that they are more than greedy than to understand how the trading market moves first. And when they start to trade and often times lose in the market, that’s because their emotions become uncontrollable and instead show too much panic in the market. That’s exactly the reason why newbies are not advised to trade all of a sudden, but should give a lot of time first on learning how the market moves and knowing trading when it will be favorable or not.

I wouldn't say that if i was you, Prediction of the future movement of any pair is proven to be science not pseudoscience; because it has the features of fundamental scientific approach, with all claims, this experts learn from observation, ask empirical question, and also they are many journals describing in details the method they used in their research. Prediction is not 100% right not because is not science, but because spairs" behaviour is determined by many external factors.

I believe that beginners can also trade cryptocurrencies on exchanges and do it successfully. I have read a lot of messages from newcomers, and among them there are so knowledgeable and literate that they surpass many users with the rank of legendary in understanding cryptocurrencies.

But I understand why it's better for them not to do this - the fact is that beginners are bad at controlling themselves, they want everything at once. And in any case, it is important to have your own experience, and a negative experience in the cryptocurrency market threatens to lose the deposit. Therefore, it is better for beginners to start with demo accounts, or very small deposit amounts.

Am actually very correct about this & people haven't just developed the interest in it probably because of KYC concerns and the alike, think about it...when it comes to hodling what happens is that your coins quantity remains the same and only the value changes no matter the duration you hodl them, but with p2p your quantity of coins changes with time and value, meaning after a certain duration you get to have more coins than you started with! Hence my reason of saying it's a better choice of trading.

And bitcoin investment profit is even better than the trading profit, just that trading gives instant profit which might be big while investment gives long term though you can decide to invest for short time but that is not advisable. If they buy at the dip which is the way it is now, this is the best time to boost your wallet. Make it more fatter than before so that when the bull finally comes, your face will be very smiling.

There are some newbies that will not even listen to you because the wrong information they gotten from the wrong person of trading. Crypto trading is not something you rush into. And if rush in and the way you rush in will be the same way you will rush out and if care is not taken, when you finally rush out you might hate trading to go back again be like a waste of time.

It is only those who does not understand the cryptocurrency world and those who don't understand cryptocurrency leave their physical jobs for cryptocurrency investment and trading. Mostly trading, the day when the market crash and you loss funds then you will know the important of the physical jobs. It is not advisable to leave your job oh.

Newbies are still capable to learn trading and start with their own actual trades, but they should never assume that trading is easy and they can easily gain quick profits knowing they all know the basics in trading. That’s not how trading works. Trading is way more complex in reality because it’s not just all about simply motivating yourself to learn about its basics and you’re good to go. Trading requires a lot of time and efforts to help you understand what trading is really all about and needs focus and concentration so you can monitor the market as well.

If this was a really fast way to increase the amount of BTC in the wallet, then everyone would only be engaged in P2P. But in fact, everything is completely different from what you write, since at any moment the price may change and you may find yourself in a position where bitcoins are sold, but you will need more stablecoins to buy them than before.

Well to clearify not all newbie account are actually newbie some of these accounts are actually well learned when it comes to trading and other crypto related knowledge. I don't know why there is this much believe here in the community that all newbies are actually beginners, well most of these accounts are even alt account that are created in the purpose of so many alternatives here in the forum

Honestly I don't blame them for thinking crypto is some kind of a get rich quick scheme !

If you ask people that were part of the early investments of bitcoin they might be preaching this message of get rich quick as anybody that bought a decent amount of bitcoins and held was declared a crypto millionaire after a few years and with this , this has created an atmosphere of trying to replicate this success which isn't working for anybody "atm".. and it's time for a reality check.

Great advice and this should be preached to everyone.

The easiest way to trade Bitcoin is the basic buy and sell model by using peer2peer trading which can grow your coin stash in no time and I think this is the best!
Hodling of coins is stressful if you ask me, and without the volatility in the market ones portfolio may look like it's dead.

You know when you are not really oriented in something you will think negative, some of the newbie act the way they are informed before coming to the forum, some are being oriented to join forum because weekly subscription of signatures, and some are being oriented to the aspect of trading, whereas they don't have the knowledge of bitcoin trading, that is while some people always join trading whenever they find their self here and that makes them to lose.

Yes. Newbies should never jump into actual trading unless they have gained years of experience from trading scenarios. Not only they will ruin and damage their trades but they will also increase the risk to lose from their hard-earned capital. Trading should never be done randomly just like gambling, but with crucial skills and expertise as trading is more than just gaining knowledge but also requires the ability to focus and concentrate especially in a market that’s full of unpredicted events. Although newbies may always chose to learn trading, but should never compel just to gain immediate profits.

Not every bitcoin traders out there is making profits but nearly all bitcoin holders are making profits in their long term investment that's why it's needful that as newbies buy and hold should be where your interest in making profits with bitcoin starts from with further DCA as time goes. Trading is a risking task that even the experience traders makes losses they never imagined howbeit then for a newbie blowing your account in one sitting is definite.

But when you give yourself time and learn trading, gaining from the experience of seasoned traders through books and videos that teaches on trading while you practice through demo trading and a little of life trades with a very little amount trying to master different strategies through the use of either technical or fundamental analytical tools and a mastery of risk management. Not for long you will be able to confidently make trades making more profits than losses.

You're right, technical analysis is basically just a superstition, and fundamental analysis is likely impossible in crypto. First, because the fundamentals are not understood - you can't make a formula of taking a node count and calculating the objective value. Or number of users or any other metric. And second, seems like the market doesn't care about fundamentals at all. You can have 2 identical coins, but one is named after a meme, and its value is 1000 times higher than the other.

Privacy and security are the two most important factors in bitcoin that every newbie should be aware of, any other thing should come after learning this two basics of bitcoin. Trading might not be the last option for a newbie who has his mind at it and came for the purpose of trading. They can go for trading but only at their own peril when they are  yet to understand the fundamentals of bitcoin trading first. It’s advisable they begin by learning how to safeguard their money before thinking of a way to multiply in the market. You can’t multiply a money that’s not secured and have total possession of.
 

This is a very important point for those that are going to be holding for a long time especially the newbies whom most don’t have knowledge of trading and those investors that wants to earn profit in the long run and not fully into trading. 1 BTC is always 1BTC as long as you don’t touch it, the worth wouldn’t change. But if you don’t have enough savings to cover your BTC hodlings, you’ll end up spending them fraction by fraction until you spend them all. Before investing in bitcoin, it’s important to have enough savings to cater for oneself to avoid touching the main bitcoin investment

I applaud your experience and again your honesty. in advising about bitcoin and this forum in general.I have seen some people who have known about bitcoin and this forum but they would not want to say the obvious truth. They will be hiding under the canopy of Bitcoin is the savior. We are all here together to promote bitcoin and to also gain from bitcoin, but you made two emphatic statements, which I respect you for.

One of the statement is that we all came here for money. And that is the truth. Just that most of us after seeing what is even bigger than money, we started to learn other things of Bitcoin, but generally money attracted more than 80% of us here.

Your second statement said that bitcoin cannot make one rich overnight unless for a very long term holders who might gain at the long run. This is a good mindset, but the newcomers are seeing bitcoin as a get-rich-quick scheme.
Only the early adopters became millionaires and billionaires with bitcoin. For you to hit that kind of money now, you must be able to invest huge mount of money.

I think you've posted something very wise that might change the mindset of some newbies about bitcoin. I didn't really think about it because basically everyone who came here was looking for money. Beginners can trade, allowed for any reason, but they must know all the risks involved.

The problem is; Don't ever think bitcoin can make you rich overnight. It's nearly impossible, although there is a possibility.
Becoming a long-term bitcoin holder is useful advice for those who don't have the extra time to monitor the market and analyze it. I agree that each of them should consider it at their own risk regardless of whether their interest is in investing or trading. Both are at risk, of course.

I think I posted this on the forums already but just to mention it again, there was an article that I have read that trading is by no means profitable especially if you are a beginner. According to an article that I have read before, the profits that you make as a beginner trader is at least more or less equal to the salary of a bank teller; and majority of these beginner traders fall-off on the first few months of their trading scheme.

Newbies, cryptocurrency investing/trading is not a quick-way to earn some money. If this were the case, then everyone would be rich by now. If you truly want to save and profit, then it is essential that you put effort into it just like any other investment instruments already present in the market.

To conclude, there is no such thing as "easy money" in all fields. Working hard and doing the smart things/moves may give you more opportunities to be profitable in the future.

Your first paragraph kinda described me when I was finding ways to earn through Bitcoin since I was like open to one more sideline to earn from. Turns out it was not worth it in my end. I haven't really done DCA method for now since I am kinda buying at random timings/intervals.  Hodling might be called "cheap" method by other people since it is kinda being passive from everything happening in the market, but hey it's your money anyway.

Trading is just not meant for everybody including me. I had experienced the worst mental exhaustion ever back in the days when I attempted day trading. You're right that you cannot learn it by two months and heck, a year won't even be enough for an experience. It's just really not something that everyone can give patience into.

Not sure why people would quit their job for Bitcoin. It's possible, but kinda not practical and reasonable since you're kinda having an unstable ways to earn and you might end up not earning for couple of years depending on the market's condition. I can even recall the bearish days when Bitcoin was below 6k from 10k. Damn.

Suggestion/s? It's perfectly fine if trading isn't working in your end. Choose where you're most comfortable at. Trading, investing, mining or wherever you want go for it. Don't let people just tell you and force you in their ways.

Well, you've given a great advice but the truth  be told that you're making trading seem very impossible  which is wrong and there are a whole lot of features introduced in trading that is already making  trading easier even for newbie and what is actually needed is basic knowledge  of buying and selling and with that, you're already good to go.
I also spoke about the copy trading feature introduced by some brokers and with that feature  alone, one can make some good profits from copy trading and I also want to correct the fact that one can make a life and living off trading but alot of practice and research ought to be done and you also have to know that  life on it's own is risky and trading or holding isn't exempted.

For me, it’s a good mindset by convincing yourself not to trade when you know you are not ready yet to take the trading challenge. Trading is only for those who are capable to trade and knows the market well, but successful trading requires years of trading experience in the market with all the honed skills and working strategies that are proven to be helpful when trading.

Just to remind all newbies that trading isn’t the only option to be profitable in the market. If you have the knowledge and capable enough to buy bitcoin at your own risk, then you can invest on it for long term. Bitcoin is for long term investment, at least that way you’ll be able to increase your future profits depending on how long the years you are going to hold.

There is a wrong perception of some newbies that makes them easily lose control in trading or investing in crypto. And from their understanding it is what makes them often make unwise decisions and in times of panic. As we understand, crypto won't make us rich overnight, but it's all by a process that might be very complicated for everyone. But what newbies see is that only at the moment have we succeeded because of crypto, without wanting to understand what we have go through. And of course they really hope they can become successful and rich like other people. But the problem is they don't understand the concept of crypto itself and maybe don't want to understand it from studying in more detail. They sometimes do trading positions with high leverage so that they can quickly get a lot of profit but they deny the high risks they might experience.

The best choice that a newbie should make is to never trade right away instead learning first is what will help newbies in trading because if a newbie have knowledge in a field that they are interested then they will know what they are doing and the risk that they are taking for a chance to earn profits if the outcome isn't losses. What you said about being a pro or a newbie woukd still experience losses and also gaining profits.

When you trade, know that you are not chasing for profits only but losses as well. Regardless if you are a newbie or a pro in trading, losses will always be part of it. That’s why having knowledge and experience is a must, especially in trading where it’s highly considered as a battle of minds. While others have exceeded their expectations and make exceptional profits, a lot of traders are still failing on it. However, with practice and persistency to perform in the market despite of its uncertainties, in the end you may be able to see yourself succeeding.

Yeah. I agree with you on this, trading shouldn't be rushed into hence, you could get your fingers burnt. Trading is for professionals who understand how it works. Personally, for me, i don't day trade, I buy and hodl.

I agree that newbie should shy away from actual trading but can start learning trading to use of demo accounts.  Trading if mastered is better than just holding and getting your coins idle.  Trading can increase our portfolio without spending additional funds to buy new Bitcoins to include in our portfolio.  Trading although a hard task, can be learn and possibly mastered.  It takes time though.

So I agree that beginners must not jump automatically to trading, if we want to make trading to increase our portfolio we mus allocate time to learn it and understand the all things of trading.  Practice with demo accounts and when we think we have learned the needed skills then it is time to test them on actual trading.

They also need to understand that one of the reasons why bitcoin trading is not for them is that not only will profit come by itself without them doing any technical analysis, but the risk that is involved in bitcoin investment is a little bit of a risk that when they are able to take it and invest, the amount they can lose will also help them. Why did I say that? Because a newbie doesn’t have any knowledge regarding bitcoin trading, and someone who wants to be a successful trader must take a long time learning the crypto space and other technical aspects of it. And any other things that are needed because some newbies think that since trading doesn’t require much time, they prefer it without knowing the risk that is involved, which is inappropriate for them. Also, when we compare the risk of bitcoin trading and bitcoin investment, it's clear that investments don’t have as much risk as bitcoin trading.


Bitcoin investment is a choice that until someone wishes they could make, we can’t force people to engage, and anyone who quits their job because they have acquired some bitcoins will blame themselves at the end when the price did not go well for them. That is why you should have another job out there so that your investment will just be a reserve and your eye will not go there when you have financial problems except when you don't have an alternative way than to sell what you have already invested.

The best advice should not be that newbies should totally stay off trading. It would have been better if you said that newbies should not trade but rather they should learn how to trade and maybe they should continue to learn until they are able to trade by themselves. Saying that only professional traders should trade because they know how to make profit is not a lie, but where I do not like your position is that professional traders did not become professionals overnight. I mean they were once newbies, assuming they stayed away from trading they wouldn't have been professionals anyways.
So newbies should to learn until they are sure they can trade and control their emotion.

Newbies are incapable to trade not only because they lack the knowledge and years of experience in the market but  also trading itself is a high risk activity that anyone gets into trading will gain higher chances of losing rather than making profitable trades. This is why newbies should be discouraged to take part in trading because their level of understanding its risks are still low that they cannot even afford to take the risks and overcome them. At least they should be knowledgeable enough and must learn the basics in trading before they decide to start trading in the market.

I have always said so. To make money in trading you need a lot of knowledge and experience, as well as capital, because if you use leverage, and the more leverage you use, the more likely you are to go broke. For newbies and people in general it is much better to invest for the long term. If you are going to buy Bitcoin, which I hope will be after researching what it is and its history, the best for someone with little capital is DCA. But this is a boring strategy that is not promoted by the trading sites


That's what happens to almost everyone. And not only in crypto, which is more volatile, also in the stock market.

The best thing to do is to keep it simple and buy Bitcoin to the best of your ability. Every week or every month. Buy, buy and buy. And wait for the next bull market, or better yet the one after that to sell.

This if you include it in an overall wealth building plan is the icing on the cake.

Good warning for beginners. However, who are the traders who are trading today? Were they born that way? In the same way, if you just hold Bitcoin and invest in it on a weekly basis, will something change for a person who wants to get into trading? I speak from my own experience. I am not attracted to trading. If one day I decide to trade, I will need practice anyway. Without practice, I won't understand anything. Why am I all here? Those who want to get into trading should certainly learn a lot of information about it, but one day they will still have to try. And nothing can happen without mistakes.  People who have hit a lot of bumps themselves have gained their own experience, and at the same time have not deviated from their goal, of eventually becoming traders. If someone is willing to take risks, then they should try. Just sitting around and waiting for your investment to grow will not make you a skilled trader.

To start trading, one must have market analysis skills. Without having it, one would not be able to make a profit like other people and would only experience losses. Beginners are attracted to trading because they see many ads showing someone making big profits trading.

But if they don't learn more about trading soon, they can't turn a profit. And for beginners, I suggest learning to invest by buying Bitcoin regularly so you can collect lots of Bitcoin and sell it when the bull run arrives. This method will be safer than trading if someone has not been able to analyze properly and that is also what I always recommend to my friends who have an interest in crypto.

Do not be tempted by the short profits advertised because it is not what you think. You have no idea how hard they have practiced trading and what they have learned to make so much money. If you really want to trade, you must learn more and practice it using small money first to get used to trading and understand how to analyze.

There are indeed a number of obstacles for beginners if they really want to invest in crypto, for example from capital, although that varies, of course, and the most common is the unpreparedness of the psychologist due to not having adequate trading knowledge which in the end always suffers losses besides other things. As the OP pointed out there may be a point to this as well and at least It's best to learn to do your own analysis. So that the analysis can be adjusted to our needs.
     

OP, you gave a good point here. Newbies that just come into the crypto space shouldn't get excited and think that trading is such an easy thing when they even lack the knowledge of reading the chart and indicator talk more of understanding them. I have never thought of going in trading because I feel that it is stressful and you the skill and your own strategy to make profits. Some newbies even go at extreme miles to join some WhatsApp group for guide on how to trade and they end up getting your information from people who have little or no idea on trading. Before you know it the newbie will be scammed because he will pay for the information and will still loss using the information provided to him by the WhatsApp group. It is good that all newbies should know that to be a professional trader isn't a day job but needs years to understand it before practising. Newbies that are eager to see how trading is,should only trade with the money that they can afford to loss and they should also know that trading is a high risk practice.

I've also tried trading. Many of my local Bitcoin friends also tried trading. Most of us were not really good traders. We're often just following the calls of those who are so much better than us, those who have been into all kinds of trading before getting into crypto trading. But guess what, most of us have already quit. Perhaps all as far as crypto trading is concerned. And the reason is that it wasn't easy. And it wasn't really profitable.

Perhaps the easiest way to trade is to wait for huge swings. Selling at an ATH, for example, before waiting for the correction to buy back might be profitable. But it takes a lot of patience, and newbies might not have it. When I was a newbie, I was very eager and excited.

Very good point, trading is very risky and we should know about the risks before doing it - similarly like gambling.
I've written a whole topic about trade vs HODL if you are interested: Trade vs. HODL - avoid traps


I wouldn't even say that trading is a good idea for "professionals" because trading by technical analysis has no proven strategy. It's mostly luck and for Bitcoin, if some of these (long, speculationg in favor of rising prices) trades occured during a bull market because Bitcoin's fundamentals are very promising for long-term profits by rising prices. So, some trades are in profits of course but that's only because Bitcoin has gone up anyways during this time. So, HODL would be better due to Bitcoin's scarcity. That's why Bitcoin is a good store of value.
Trading according to technical analysis will be much more like gambling - there's no proven strategy to make a profit from technical analysis. If there would be, an experienced coder would have written a program to trade these patters long ago - but there's no strategy therefore no such profitable trading program exists.
More about it is described in my "Trade vs. HODL - avoid traps" as well.

Knowledge is one of the determining factors for someone's success in the world of crypto or Bitcoin. What you say is true, it's best for beginners who really don't understand crypto or Bitcoin at all or those who don't have basic knowledge should not rush to enter the world of trading. Trading is not as easy as it seems because it is more complex.
Even though trading requires more knowledge, in my opinion trading or investing is not easy, they have their own difficulties because any activity carried out in bitcoin is not a get-rich-quick scheme, and it is true that not everyone has the expertise to become a crypto trader.
For anyone, including a beginner or an expert it is really not recommended to quit their main job just because they bought a portion of Bitcoin, even though Bitcoin has great potential, for our daily needs we also need fiat money which can only be obtained through work.

The early stages of trading are the basics and the foundation that will determine how strong a trader you will become. If you skip the process of learning and hurry into trading, you will have a lot of regrettable experience  in trading that will affect your finance and can make you never to consider trading again.  Newbies to trading should be patient to take their time in understanding all the necessary indicators to become a good profitable trader.

The faster you want to make money from trading, the faster you will loose money from it if you start trading when you are not ready.

Newbies, just like you've addressed them - are not supposed to do anything that involves Thier intellects.. This is acquired by consistent proofreading and orientation - something they haven't got yet..(if they had, they wouldn't be called newbies)
Trading needs alot of attention and inbuilt or learnt techniques that doesn't just begin spontaneously., It takes time. Technical analysis isn't a child's play dude; I love your advice on this.

Sandra 🧑‍🦰

You know it’s the best option newbies can do at the moment. While there are bigger profits in trading, but it also comes with bigger losses as well especially if you trade following your greed, without even knowing how to start on your trades and how to make it profitable in the end. That’s why being knowledgeable is a necessity before you trade. You cannot just easily trade and expect profits. Trading is never easy and should be learned the hard way. So you need to work hard and study trading at first before you decide to finally trade and commit initial mistakes and losses.

Is not an out of place idea that most times, investors seeks means to multiple or make certain x in no time and trading is the way to archive that though not an easy thing to do and happens to be some means to get your bankroll exhausted easily too due to inexperience.

My concerns from tbe quote would be,
Do you think they should bug first before learning what it is?
Your ideas @OP centres on buy first > learn > DCA but I feel that shouldn't be. It ought to be learn > Buy > DCA.

I tell you, its much easier to make mistakes in buying or trying to invest before figuring out even the basics about bitcoin or cryptocurrencies. This is what scammers thrive on, your ignorance and you find yourself investing in a scam package on a scam platform in your bid to take opportunities before learning. On other attempts, you might just have someone create you a wallet and be aware of your private key or seed phrase not well aware of the risk in having anyone know these privacy concern details.

Learning comes first!

Trading is way more profitable than investing alone, but let’s accept the fact that not all who engage in trading are capable enough to make it work. A lot are only good at the beginning but end up losing in the end. Most especially for newbies as they have no certain knowledge and skills that are required for a successful trading. However, even investing alone should not be overlook as well. Once you decide to invest, at least you have studied your investment more intensively and you have set your own goals and develop ways on how to make it a successful investment.

Why would anyone wants to trade what they believe to be a wealth creation opportunity that the best way to benefit from it is by hodling. Bitcoin isn't meant to be traded if you ask for my personality opinion but since we have those that think trading will make them rich because of the way they see Internet traders display their lavish lifestyle on the internet and claim they made all those wealth from trading, newbies wanting to be like them now engage in trading without knowing that most of the lifestyle are fake and only video to catch gullible newbies who will believe their story and buy their online courses which is probably where they're getting the money to sponsor their luxury lifestyle.


There's no crime if you prefer trading to holdling but investing is better and you can look through history to comfirm this. Why will anybody without an idea on trading decide to try it, they're not thinking with their right senses if they decide to trade without having any knowledge as that's a suicide mission. The market is no respecter of anyone and it's very brutal especially the crypto market as the price volatility is outrageous and that's because the  market is still in the developments stages as it's not that big yet like other financial markets. If you want to get into trading, you should make learning trading your focus and wait until you have mastered it before putting in money.

I still say that a higher percentage of people joining cryptocurrency currently believe they can make quick and easy money here without any risk, some people don’t believe they can lose money in cryptocurrency until they join and they start losing. I don’t blame some newbies for that, I do blame people who introduce them to it because they over-hype cryptocurrency for them without telling them the basics they need to know and the facts they need to know. If we check most of the videos on YouTube, most of them only talk about profit and won’t talk about loss, just to get more subscribers and viewers, which is really misleading.

I can’t really say it’s a bad idea for newbies to start trading, all the professional traders we see today also started as newbies, but it’s risky for a beginner to trade, they will definitely lose money in the process of learning. They shouldn’t expect money immediately when they start learning how to trade, but with time they will also turn professional and start making money. If you are planning to hold, it’s really less risky, and those do not really require much analysis, all you will do is just buy and hold.

Trading is not easy and if you think you can rush into it and make money, then you might end up losing all your money, but any newbie that really want to learn how to trade can go into it, but it’s not what you can just learn within a very short period of time, it’s really going to take time and you need constant practicing, gradually their will be improvement. People that understand risk management and fundamental analysis also started learning it as beginners, but it’s not a day job.

It’s really the wrong idea to quit your job just because you are a trader or have already invested money in bitcoin. It’s better to have backup, and it’s better to have more than one source of income. Investing some part of your salary is nice, but I won’t recommend any percentage that you are supposed to invest. Just invest any amount you know it’s not going to affect you after investing, don’t force yourself to invest a fixed amount of money.

It's the impression entirely for the whole market wherein they think that it's an easy going market and everyone will become rich because they're into crypto, Bitcoin.

While someone has to get an experience in order to get the idea of how trading works. Only start trading with an amount that you can afford to lose and if you're persistent enough to keep going, think of those losses as your enrolment fee to learn more.

And don't forget that it's not just trading is your only option to enter this market, you can choose to be an investor/hodler like everyone does.

You left nothing to add more which is a good sign that you are also learning. You must have learned these lesson with some interesting history or backstory because we all have one and mine is really raging one as i started to avoid Trading at all and now my focus is in holding only.

My suggestion is if the newbies do not want to trade then they should start to do holding because holding has less complexity and we do not have to lean advance TA and FA plus holding is only beneficial if you are holding for longer period of time not just for small period of time like month.

Most of the newbies think holding some coin Like BTC for a month came under the category of holding but that's swing trading. getting familiar with the types of trading will help a lot of newbies to differentiate between holding time period and trading time period plus they will also get to know the ups and downs of both investing options.

Having a reasonable amount to start trading  in cryptocurrencies does not guarantee a profitable trading with a better result, what matters most in trading is to gain knowledge first. The knowledge is the principal thing one must apply in trading , considering money to be a good start for trading is a wrong step that will surely not end well. People think money is the main factor in trading and neglect knowledge because they are too desperate to make money quickly from trading.  

Trading is not that easy but having knowledge about trading is better than trading with no idea and hoping more money can be made because good amount of capital was used to start up trading.

Anything in this world is quite hard to do for a beginner and I don't say newbies not to trade but I will say obviously that you can start trading when you have learnt the basics of trading and you may try with the demo funds to trade or start with a little principal. To get a good result in trading we must be experienced and have proper research and analytical knowledge to gain profits and to minimize trading losses. So there are many websites where newbies can exercise with Demo funds and gather their knowledge and experience. Some popular demo trading platforms are : Bybit Demo trading, Etoro, Cryptohopper, Kraken demo trading, Kucoin Demo trading and many more.

To know more about popular demo trading platforms you can visit here: https://learn.bybit.com/crypto/best-crypto-demo-trading-account

Anyway some will think demo trading is worthless but to be true it's a better way to gather your experience and control your emotions on trading. Beside this you should focus on technical analysis and fundamental analysis. For technical analysis like chart or pattern newbies should visit https://tradingview.com for better analysis. Here you will find others opinion or analysis too and learn from their research too.

So not only newbies but anyone can start crypto trading when he have these :

• Knowledge about technical and fundamental analysis.
• Proper risk management and trading strategy.
• Doing trade with research and avoid emotions.
• Prepared for a sudden crash and have a strategy to minimize losses.

So never start trading blindly because if you are a newbie it may turn to a most dangerous investment and worst than gambling. So never play with your fund and always DYOR.

No matter how much money a beginner decides to invest in cryptocurrencies, if he starts actively trading, he will eventually lose his money. Therefore, until a beginner acquires the necessary knowledge and experience, one should refrain from investing large amounts of money.

Trading is not an easy skill in the crypto space. Before newbies should emback on that journey they should know their TA very well, they should know when to enter and leave a trade and also deploy a good trading strategy in trading the crypto market. Most times the news of 100x and 1000x makes newbies to start trading Bitcoin with out having a good knowledge of trading and they end up losing their assets.

I mean, say no to using actual money in Trading. They can use dummy balance from TradingView, it will help them manage their assets. I would share some examples on how you can start learning:

1. Go to TradingView and click Paper Trading in the bottom, and it will give you an option to select an amount of money which will be given to you for dummy trading.


2. I would suggest you to enter an amount which you were willing to use for real money trading. And then for a month or two, you do your trades and It will keep a journal for you of all the trades.

This way, you can still learn Trading without losing money.

The orientation some of them gets from the start is very important because if they are told that there is money in there, they will undoubtedly believe that it is something they can easily make money from, and thus, instead of waiting to learn about the security and basic knowledge behind cryptocurrency in general, they end up rushing due to FOMO and possibly making the wrong move in the market.


Yes, that's right, FOMO will not allow some newbies to concentrate on learning because they want to follow trends, and maybe they were told that the particular altcoin they are investing in has huge potential, and the trading strategy they were given will be missed by them.


Quitting your job for Bitcoin or crypto trading as a newbie is not advisable because you never know how it will end up and because you need basic knowledge about Bitcoin trading and Bitcoin in general before you can rely on trading.

There’s no strict rules about trading that it’s only done by professionals. At some point everyone needs to undergo to newbie phase even if you study for 2 months like what you mention. The real start of your trading journey is when you made your first actual trade. You can’t consider yourself professional if you don’t do any trade and just do book learning and demo trades.

There’s a long term and short term trading. Long term trading aka position trading is suitable for newbie that is still learning so that they will have enough time to learn and adjust their strategies. You are talking about scalping or day trading on your description which is really not advisable for newbie. Position trading is holding an asset for an extended time to achieve profit

https://www.investopedia.com/terms/p/positiontrader.asp

For me, "newbies say no to trading" is not the key; rather, they should say no to having the mindset that trading is like gambling or a get-rich-quick scheme. Let them say no to trading without having the proper knowledge and without learning how to trade very well before they fully Invest in it.

Those who have become professionals in trading today were once newbies who made up their minds to take a long time to practise how to trade, how to use the required trading tools, and all that is required to analyse the market in order to make a successful trade. There's no investment that doesn't have some risk attached, but it becomes more risky for you when you don't have any idea what you are doing at all. There are different types of trades out there, and normally, before any newbie should decide to go into trading, they have to learn how to do so first.

Newbies should be fully aware that it didn't take a month or a year for the price of Bitcoin to reach this point, it took years to reach this point. Investing in Bitcoin is a good choice for newbies, but trading Bitcoin or any cryptocurrency for newbies without experience can lead to losses. The first priority of newbies should be investment. Trading is a tough job. You are right that a newbie should follow the DCA method to invest in Bitcoin and hold Bitcoin for a long time to get good returns. I think newbies should try to learn trading from professional traders if they are interested in trading. There are many platforms to learn trading from where one can gain useful knowledge and experience related to trading. You are right that trading cannot be learned in days or months but I would advise newbies to learn trading instead of avoiding trading. A lot can be achieved with hard work, passion and courage.

My understanding, especially beginners about behavior and trading/investing activities in Bitcoin, if I interpret it broadly, not all beginners are considered stupid in the crypto market related to Bitcoin.

Many newbies that I read their history are successful in carrying out activities with Bitcoin, where they really learn and ask for help from crypto trading and investment experts, of all things to overcome losses and they are in no rush to dream of making big profits, before really understanding the ins and outs of Bitcoin and the crypto market.

The bottom line: whatever beginners want to do, especially regarding Bitcoin, of course they have to have a teacher to get good knowledge, do something without a teacher, it can make things worse and it's a big risk, do anything based on the knowledge you have under the guidance of a teacher, that's the best decision.

Say it louder, newbie say no to trading!

There are so many newbie looking to make quick money via online, one of them is trading. Although trading is definitely could able to make money, not like gambling where you will lose in the long run, but not all people can be a daily trader who's live through trading. Usually people are trade for short term like every 2 days or a week and you're live not only depend on trading as you have job in real life.

You're right, bitcoin is not a get rich quick scheme and a beginner should know this before investing. But I would like to say that before a newbie buys his first bitcoin he should first of all try to know about wallet security and how to keep his Bitcoin safe before buying. It would be wrong to buy Bitcoin first then be looking for how to keep it safe because the person might end up losing it or keep it poorly secured.

Just like every other skills, trading should be learnt and mastered. A newbie should learn the fundamentals of trading first, test his trading skill by opening a demo account and when he feels he has learnt enough, he can start trading with Bitcoin. I think it's unwise for anyone to quit his job because of trading, one can still combine trading and another job or business.

There's nothing bad in seeing a newbie into bitcoin trading if he truly knows what he's doing, newbies have no restriction to what they can do in bitcoin but we only encourage them to learn first before making moves to taking some steps that might be beyond their comprehension, if you think you can learn trading, why not give a try, all we want is for you having the equiped knowledge and understanding of whatever thing you're doing in other to make it right.

No one will be able to give comprehensive advice in less than 5,000 characters so that it is easy to read, but trading in Bitcoin is a high-risk investment and without any knowledge and understanding of the nature of these risks, you risk turning all your gains into losses. A good trader is not the one who makes thousands of dollars, but rather the one who knows how Dealing with losses and turning them into profits.

There is always a good opportunity in trading, no matter how bad the market is, but it is a skill that requires years of experience, and until you get enough experience, start with

• DCA.
• Don't trade in something you don't understand.
• Control your feelings and don't let greed blind you.
• Always trade with amounts that you are not afraid of losing.

Trading can become a job depending on your level of expertise, knowledge about the market, and movement of  coin, which to acquire all these, it normally takes time,  and as such not a good idea for Newbie to trade, as they have little or no knowledge about what they are doing. But rather seek for more valuable trading materials to read the they can be a good trader tomorrow.



Trading is a lucrative side hustle, and as such, I can never advise anybody to quit his/her job if you are not yet sure if money gotten from trading will be enough to carter for your daily needs and still have some for savings. Or until your trading gives you 5x to 10x of your salary, never quit your game.

I think this topic would be best suited in Trading discussions board.

A lot of people get the wrong idea about bitcoin, they think because you made profits from it they can just invest make money from it too fast. The annoying part is that they don’t bother to acquire any form of knowledge about bitcoin they are just blinded with making profit off it as soon as possible. Like you pointed out, holding bitcoin for a long period of time is the best way newbies without knowledge can actually make profit from investing in bitcoin. After investing they should spend their time in learning about other investments they can participate in in order to make money while waiting on their bitcoin investment, they can also spend their time to learn about trading and make sure they have learned alot before they start trading, they should make sure they separate their investment account from their trading account so they don’t end up losing their investment.

Taking a trading course is the best thing to do as a newbie and it takes several months in order to understand it because it’s a very risky thing that can make you lose so much in a few days. Even experts are always cautious while trading that’s why it is advised for a newbie to avoid trading in their early crypto days. Even with all this being said some newbies may still neglect all the advice and proceed to trading without having any knowledge about it that’s why sometimes the only advice i have for them is that experience is the best teacher.

The good (and I suppose also bad) thing about trading cryptocurrencies is that you can enter the market so easily and with so little amount of money. For example a lot of altcoin exchanges have a small 20k satoshi trading limit and there have been some with smaller 1000 satoshi trading limit!
That means anybody who wants to learn and become a professional in trading can start very easily and with the least amount of money at risk.
But at the same time people tend to get cocky when they make a couple of good "bets" specially during the bull seasons like 2017 when anything chosen blindly would have given you profit. That can lead to increasing the investment at the time when the losses are kicking in like 2018 till today where altcoins have been dumping.

Bottom line is that in my opinion if you want to make an investment just buy bitcoin (using DCA) and avoid everything else and if you want to trade, altcoin market is good for short term profits but make sure to start slow and don't suddenly go big.
As for the percentage of income, there is no rule that fits everyone. It depends on how much money you can spare and how much risk you want to take.

I am certainly agreeing with the fact that no one should jump into crypto trading very soon after they entered into the crypto trading which might intriguing for someone who see the potential in profit making but with lack of knowledge they are going to be anywhere other than in a loss.

If someone wants to become a trader then they should acquire enough knowledge about it and then start with as small as possible for example 10% as capital of their total crypto portfolio value which will give enough room for them to learn further and if it ends bad then their 90% will be there which is not big loss in the crypto investment to be honest.

Accumulating bitcoin over the time as you said with 10 or 20% of your monthly income is one of the long term safe strategy but not everyone is going to have such patience to play the long hand.

I agree with you that trading is not the best way to go not only for newbies but for veterans also. I don't believe in TA, not even in FA: with the tools we have at the moment, pretending to know what the price will be tomorrow based on all these data is a bit childish IMO, in a market where so many random events and news affect the price so easily. All these predictions are more pseudoscience to me.

But, while hodling might be the best investment strategy in the mid/long term (who knows, I don't have a crystal ball either), it is true that playing (betting) a little bit with orders intra-day can be motivating for newcomers who want to learn about different cryptos and concepts like sell walls, stop losses etc. in a more practical way.

So, like with gambling, I would recommend to trade responsibly, being aware that the chances to make some money this way are lower than he could've expected at first glance, and just as a way to have some fun, not make a career out of it.

So many newbies have the wrong orientation on bitcoin and they think that it is a get rich quick scheme,which makes them rush into investing and after investing,what comes to their mind next is trading. Trading should be the last thing on  your mind as a newbie here,what matters is after buying your bitcoin is to learn on how you can keep your bitcoin safe and how you can also add to your bitcoin by using the DCA method or how to take advantage of the market when bitcoin price dips. The best way a newbie can make profit from bitcoin is when he holds his bitcoin for a very long time and the profits will come by itself and not through trading.

Trading is done by professional and people who understands the fundamental analysis and technical analysis,you still also need to know the risk management in trading. All these put together can't be learnt in two months that is why a newbie should shy away from trading and don't think that trading is very easy and rush into it,or else you will end up losing your bitcoin to a professional trader because even the professional traders also run at loss. Don't see bitcoin trading as job that you can use to earn a living because you will get disappointed after a great loss,or something that you can use to earn high profit within a short period of time because that is not how it works.

 Don't quit your job because you just purchase some fraction of bitcoin, and use like 10% of your income to buy bitcoin monthly or weekly and hold for a very long time because this is the only way that you can enjoy from your bitcoin investment. Your bitcoin at hand is worth more than millions in the market and don't allow your greed or anxiety to trade make your loss your bitcoin because it is more precious than gold when you HodLi. Any fraction of bitcoin that is gone wouldn't be easy to replace back. Learn and have a concrete knowledge on whatever you want to use your bitcoin for before rushing into it. The forum is where you can learn a lot on bitcoin and DYOR.

What are your suggestions on this my seniors. I want to hear from experience members.