I believe that those who are starting their journey with cryptocurrency is that they see people who are making a lot of money Or showing that they are earning a lot and then those Who See it have it desire to already risk and invest in trading.
They should be the ones to learn that in my opinion so they would know what they are to do and if it is what they want.
Topic: Newbies should invest in bitcoin first before thinking of trading. - page 3. (Read 711 times)
July 14, 2024, 09:49:10 AM
July 14, 2024, 09:45:40 AM
Newbies should never dare to invest or trade either without acquiring sufficient amount of knowledge in the first place. Where there is knowledge, the high probability on making you profitable in your chosen career will most likely going to happen. Regardless if it's trading or investing alone, it's a lot crucial to stay knowledgeable and well experienced at first most especially if you aim to trade later on, where the risk to lose is higher than pure investing and hodling alone.
Indeed, if you want to invest or trade, you must have good knowledge, because good knowledge can make us profit, but that doesn't mean there are no risks. Risks still exist even though they can be avoided but are not certain, we have to try to do our best because the results are for us.
Future results depend on how we do it ourselves, if we can do it well coupled with good knowledge then the results will be good even though there is no certainty but we should do our best.
July 12, 2024, 12:30:12 PM
Are you referring to futures trading?, many advertisements recently I've seen into different platforms promoting futures trading because its easier to earn money like they say because all you need is to predict the market price but the reality is the opposite of this case, you need to consider a lot like the market situation, price, indicators, platform, and wallet so they get overwhelmed once they knew that there's more. Instead of spot trading they can make an investment still or trade but in the less volatile way just make to buy and wait their gains just the time interval is the difference but they know getting have a knowledge how does trading really works.
however, futures trading has appeal for beginners. some people have quite a large following who share screenshots of their profits from futures trading, which makes more beginners interested even without any knowledge and experience in trading.Spot trading may be better for beginners, and they can understand the concept of trading in the market slowly. beginners in trading should know there are many processes to learn in trading, it is not as easy as turning the lever on a slot machine.
For those who end up finding it difficult to trade, they will probably find out how it is safer to invest in Bitcoin than to trade it.
July 12, 2024, 12:21:58 PM
Are you referring to futures trading?, many advertisements recently I've seen into different platforms promoting futures trading because its easier to earn money like they say because all you need is to predict the market price but the reality is the opposite of this case, you need to consider a lot like the market situation, price, indicators, platform, and wallet so they get overwhelmed once they knew that there's more. Instead of spot trading they can make an investment still or trade but in the less volatile way just make to buy and wait their gains just the time interval is the difference but they know getting have a knowledge how does trading really works.
July 12, 2024, 08:30:17 AM
I actually believe that 99% of people are losing in trading. A much better option is to focus on top projects and invest in them. You will earn your money sooner than later.
What do you mean by investing in top projects? ICOs? buying alts and holding? NFTs?
I agree with you that trading is very risky, some sort of gambling IMO (although not as much as 99% of losers...) but hodling is also risky if you choose the wrong project, or simply if the the market behaves the opposite of what you expected in the long term.
Now, much more risks are there when trading. You cannot just trade without analyzing the market well and how its coins move in the market. And if you are just trading for the sake of quick profits, believe me you are bound to lose a lot first before you will experience real profits from trading.
Yeah, although you mentioned analysis, and I don't believe much in technical analysis (and just a little bit more but not much in fundamental analysis). Most of us (if not all) can't predict the moves in the short-time even with the best info we can afford to get, and when we managed to do it in retrospective, I think that a major factor if not the only one was chance.
Not much better when hodling, but at least if you hodl you can liquidate whenever you want, of if you need the money, and until you don't sell you keep hope.
July 12, 2024, 07:00:09 AM
Why do many beginners jump into trading rather than investing because of these influencers who direct them they will showcase the advantages in futures trading in their videos or social media to follow in their footsteps by using their referral links, now there are many people who open premium classes with the lure of being profitable.
Actually, I am not a real trader, I only occasionally trade when there are coins that I think can be profitable, but the rest only focus on investing in bitcoin because this is one that is "safe" if it does not sell, when I continue to HODL then there will be no loss whatsoever.
Beginners have a mindset of how to get profitable faster they run into trading by ignoring the real risks a little.
Yes, exactly. This phenomenon of being hypnotized by influencers' invitations often occurs among beginners, even those who know about trading but don't know the true advantages of Bitcoin or even think that Bitcoin investment requires a large amount of capital, so they don't choose Bitcoin as an investment priority, instead they tend to follow what they say. influencers. Even though influencers show off their wealth from crypto profits, they have a specific aim so that beginners don't realize this.Actually, I am not a real trader, I only occasionally trade when there are coins that I think can be profitable, but the rest only focus on investing in bitcoin because this is one that is "safe" if it does not sell, when I continue to HODL then there will be no loss whatsoever.
Beginners have a mindset of how to get profitable faster they run into trading by ignoring the real risks a little.
Agree. In fact, every beginner's mindset of wanting to get rich quickly needs to be changed so that they are wiser in choosing decisions about trading and investing, and Bitcoin is the right choice for beginners. because as long as we hold bitcoin we will not lose. This is very different from altcoins, especially meme coins which one day have no value at all and this can happen at any time. I'm also like you, I'm not good at trading, even though I trade, I trade on the top altcoins and wait for the moment to make a profit, the rest I invest in bitcoin because bitcoin is the safest asset to keep in the long term.
July 12, 2024, 01:17:55 AM
We cannot direct newbies to go straight to trading. Before trading, beginners should know how volatile the cryptomarket is and how to analyze the market. Instead of focusing on trading without experience, one should focus on gaining knowledge.
In the initial stage if an investor trades without experience in trading then his chances of loss are high. But if he invests in bitcoins instead of trading in the beginning and uses DCA regularly then his chances of risk are less. Whether an experienced or new investor, everyone has to accept risks when investing or trading. But everything requires experience, the more experienced you are, the easier it will be for you to do it, same with crypto trading or investing.
In the initial stage if an investor trades without experience in trading then his chances of loss are high. But if he invests in bitcoins instead of trading in the beginning and uses DCA regularly then his chances of risk are less. Whether an experienced or new investor, everyone has to accept risks when investing or trading. But everything requires experience, the more experienced you are, the easier it will be for you to do it, same with crypto trading or investing.
July 12, 2024, 12:04:39 AM
Do we have anybody that has made success through trading, come and clear my doubt. I know that we have long term investors that are still hodling with huge profit.
You did the right thing Understanding your psychology first is the lead way, everyone has different levels of risk assessment such that doing more than yourself can become very problematic, it can be very devastating, depressing and probably suicidal, it is best for any one to understand his or her risks level and stay within it, that is the only way you can make an informed decisions in achieving certain goals, taken risk can be good but not exceeding above your limit. Trading can be very complex even to the experienced ones let alone a beginner. But be that as it may, if it is any one choice then so be it but you be should be much aware of how risky it can be.
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July 11, 2024, 07:30:11 PM
Why do they direct newbies to the wrong path when they know it is a very risky way of increasing your bitcoin portfolio. Newbies should not jump into trading in the beginning because it will slow your chance of investing into bitcoin and increasing your bitcoin stash overtime. If you want to get into bitcoin as a newbie, you should only have investing for a long term in your mind and plan for how you can achieve your bitcoin target overtime by using DCA method to buy bitcoin weekly or monthly consistently and persistently without overdoing it.
This is a public environment and users are entitled to their opinion, it could be wrong or right but they aren't forcing you to accept what they're saying. It's left for you to read through the replies and choose what will work best for you. You should know that not every person will have your best interests at heart as some of them are just here to fulfill their post quota and wills say anything to make up the words. A newbie shouldn't be trading in the first place, what you should be focused on is investing in Bitcoin and not even altcoins. Alot of people will tell you altcoins can give you more profit (technically yes) but they won't tell you the risk accompanying with that and you shouldn't be taking such risk when there's already a calculated risk in investing in Bitcoin that you won't lose provided you don't sell prematurely.
- Investing in Bitcoin is better than trading Bitcoin.
- Investing in Bitcoin is better than investing in altcoins.
- Investing in Bitcoin is better than staking altcoins, mining/tapping unknown coins/tokens
- Investing in Bitcoin is better than hunting after airdrop in general.
July 11, 2024, 07:17:16 PM
Newbies should never dare to invest or trade either without acquiring sufficient amount of knowledge in the first place. Where there is knowledge, the high probability on making you profitable in your chosen career will most likely going to happen. Regardless if it's trading or investing alone, it's a lot crucial to stay knowledgeable and well experienced at first most especially if you aim to trade later on, where the risk to lose is higher than pure investing and hodling alone.
You're right. Newbies who have lack of knowledge, they must focus on learning first. They shouldn't start trading or investing yet, just focus on gaining the knowledge because it will be the key of the success. Whether they choose trading or investing, both will be too risky for them if the newbies have no proper knowledge. The newbies will know how to trade or invest in a proper way through learning process. If they assume they have enough knowledge, they can start trading or investing with small amount of money firstly. When they do the process, they will realize which one is the easier for them. Then, they can prioritize which one is the most suitable for them.I think, someone can do both trading and investing together. But surely someone should have their own passion, whether to be a trader or investor. Working on the right passion will be the best way to optimize the profits in crypto. It is not always a must to invest in Bitcoin first if someone has a passion as a trader. He can allocate more their funds on trading.
July 11, 2024, 05:52:49 PM
[...]
Do we have anybody that has made success through trading, come and clear my doubt. I know that we have long term investors that are still hodling with huge profit.
Let's discuss.
Long investors from yesterday have nothing to do with long investors of today, because the first were early adopters, while the ones of today are late adopters.Do we have anybody that has made success through trading, come and clear my doubt. I know that we have long term investors that are still hodling with huge profit.
Let's discuss.
However, it's a good idea to keep newbies from trading first but should learn first on how to deal with an uncertain market first before they decide to invest nor trade. Both have their certain risks associated so one should do their due diligence to study the market first before they decide to risk their funds for bitcoin.
July 11, 2024, 05:39:53 PM
Newbies should never dare to invest or trade either without acquiring sufficient amount of knowledge in the first place. Where there is knowledge, the high probability on making you profitable in your chosen career will most likely going to happen. Regardless if it's trading or investing alone, it's a lot crucial to stay knowledgeable and well experienced at first most especially if you aim to trade later on, where the risk to lose is higher than pure investing and hodling alone.
Even a layman knows that they can't start up anything and be successful without gathering sufficient knowledge, so the issue of newbies starting any kind of trading and investment without having adequate knowledge will lead them to have losses so i believe they will know the right thing to do if they ever want to succeed in their journey of trading or investment.
For better clarification, having knowledge before choosing to trade reduces losses even though well experience traders encounters losses once in a while but good knowledge in Bitcoin investment helps the investor to understand the market and knowing when to buy and sell if need be helps to keep the investor in a profitable position.
July 11, 2024, 04:48:33 PM
[...]
Do we have anybody that has made success through trading, come and clear my doubt. I know that we have long term investors that are still hodling with huge profit.
Let's discuss.
Long investors from yesterday have nothing to do with long investors of today, because the first were early adopters, while the ones of today are late adopters, it means possible expected profits are not the same at all. Now most people on earth have heard about Bitcoin including banks, states and institutions, while when early adopters get their Bitcoins nobody knew what was that technology and if it has any chance to become usable by random people one day. It means Bitcoin can't progress anymore in the same way it uses to do, you need to accept this matter of fact. Do we have anybody that has made success through trading, come and clear my doubt. I know that we have long term investors that are still hodling with huge profit.
Let's discuss.
July 11, 2024, 04:45:20 PM
Why do they direct newbies to the wrong path when they know it is a very risky way of increasing your bitcoin portfolio. Newbies should not jump into trading in the beginning because it will slow your chance of investing into bitcoin and increasing your bitcoin stash overtime. If you want to get into bitcoin as a newbie, you should only have investing for a long term in your mind and plan for how you can achieve your bitcoin target overtime by using DCA method to buy bitcoin weekly or monthly consistently and persistently without overdoing it. Bitcoin is not a get rich quick scheme which those influencers are making you think it is through trading. Trading eats up your capital but investing saves your capital from inflation and gives you profit overtime.
No one should be blame for directing any newbie towards trading because everyone that is here to seek for help knows what they want; therefore, if newbie ask for directive to know and where to learn trading, they will be directed because the main aim of replying is to certify their needs which is why the forum is created; furthermore, we do advise them to think wisely and invest on Bitcoin instead of trading, but must of them want quick money.Showing your trading proof is not proper, but I am sure we have successful traders that are constantly making money from trading, no need to show any proof because anyone knows what is right for them.
July 11, 2024, 04:35:44 PM
I have observe something in this forum, a lot of people that are not trading or have traded before and had great losses which made them run away from trading are still saying trading is a good means of making profit from bitcoin when they know that the chance of making profit from trading is very slim, because only few people can devote their time and resources to learn trading and be successful at it. They will always refer to their friend that was successful from trading but the fact is that most of them don't have anybody that they know that made it through trading, the people that they refer you to are those influencers they see on social media which we know that majority of them didn't get the wealth that they are flaunting around in social media from the source they claim.
It very easy to understand that trading is a good to make profit because it’s something that can be done in matter of days weeks or months you don’t have to wait for so long to make profit just like investment but the more likely it is to make profits the more risky it is to lose. Trading is not something one should venture into easily because of the risk and uncertainty even with lots of knowledge about it, most people know it’s a a good means to make money but they don’t have the mindset to take the risk so I don’t think it’s a bad thing. The risk is high so one needs to be careful with trading because even experts lose money when trading. Why do they direct newbies to the wrong path when they know it is a very risky way of increasing your bitcoin portfolio.
I have not come across people directing newbies to trading, I always see post warning people not to trade because of the high risk involved and newbies particularly are always advised to avoid trading. July 11, 2024, 09:20:05 AM
You are right op, when you invest in bitcoin before you will begin to think when to trade to make income, because the bitcoin need to be in your wallet before you will have the time to be watching the market price to rise to your satisfaction before you can trade to know the value of the coin you have been holding for long as a newbie, But before newbies can invest in bitcoin, it will be a nice thing to teach them about bitcoin business before we can advice them to invest in bitcoin, it will help them to hold bitcoin during the bear period and wait for bull period before they can trade to earn income.
July 11, 2024, 08:51:49 AM
Newbies should never dare to invest or trade either without acquiring sufficient amount of knowledge in the first place. Where there is knowledge, the high probability on making you profitable in your chosen career will most likely going to happen. Regardless if it's trading or investing alone, it's a lot crucial to stay knowledgeable and well experienced at first most especially if you aim to trade later on, where the risk to lose is higher than pure investing and hodling alone.
Purchase bitcoin during the bear season and patiently wait for the bull season to arrive. Experience they say is the best teacher, take the lead when you have the chance because the market have found a way to take things off our plan path. Experience traders will be upfront and ready to take huge risks for the purpose to reap gigantic profits. Newbies have a long way to go and we understand the system comes with fluctuating chances. I'm never going to be stuck in fhe market because losses brings sadness and frustration. 
July 09, 2024, 04:59:00 PM
Newbies should never dare to invest or trade either without acquiring sufficient amount of knowledge in the first place. Where there is knowledge, the high probability on making you profitable in your chosen career will most likely going to happen. Regardless if it's trading or investing alone, it's a lot crucial to stay knowledgeable and well experienced at first most especially if you aim to trade later on, where the risk to lose is higher than pure investing and hodling alone.
July 09, 2024, 04:22:55 PM
I actually believe that 99% of people are losing in trading. A much better option is to focus on top projects and invest in them. You will earn your money sooner than later.
What do you mean by investing in top projects? ICOs? buying alts and holding? NFTs?
I agree with you that trading is very risky, some sort of gambling IMO (although not as much as 99% of losers...) but hodling is also risky if you choose the wrong project, or simply if the the market behaves the opposite of what you expected in the long term.
Now, much more risks are there when trading. You cannot just trade without analyzing the market well and how its coins move in the market. And if you are just trading for the sake of quick profits, believe me you are bound to lose a lot first before you will experience real profits from trading.
July 09, 2024, 04:08:55 PM
In my estimation, there is nothing wrong in recommending trading to a friend. My recommendation of trading to a friend could be based on several factors. For example, this friend can may have the time in the world and want to take on a new challenge. Based on his capability, trading can make for a new challenge for him. However it is only an ignorant person who don't know how to swim that would throw themselves into the pool without taking any swimming lessons, a life jacket, or having a lifeguard around. This is self-explanatory. Second factor is if the "newbie" is coming from a similar field like stock trading. Nothing stops me from recommending crypto trading. They will bring in their experience and similar skills to it. I won't be the one to tell them that they will not be successful in it. They will know themselves because that's what they have signed up for.
actually there's nothing wrong to recommend a trading to a friend or people they only thing is that threading have skill that we also supposed to know and understand the procedures of it before we venture into it but if you refuse to understand the procedures of trading and you venture the into it that can lead you to negative side of it so I think that is what op is navgating to, because so many people have experience losses in Trading due to their are unaware of thing's of trading, so in summary is encouraging for someone to acquire the skills of trading before you venture on it. Jump to: