Topic: Newbies should invest in bitcoin first before thinking of trading. - page 4. (Read 755 times)

Saying that trading is good means of making money is not a lie it is true that trading is good means of making money they run always because they can take the risk in trading if a newbie get into it and learn it very well is not bad and he will be successful in trading someone run away from trading doesn’t means another person should no enter the trading journey is not a big deal to me.

However everyone know how trading works as long as you are into it and how risk it is is something clear that everyone know so as long as you want to trade you must get to know those thing furthermore those who runaway from it is because they can’t learn further if not I believe they will definitely be successful in trading one day but they think they will keep on loosing. Or they don’t have money to continue.


Did you call it a direction? As someone who wants to trade, someone should not be your influence. If you really want to trade, I think you should set your mind to it and not wait until someone says something about it or tells you to do it. I think that will make someone greedy and won’t learn well, so the best thing is to learn on your own, and definitely you will make it in it.

And again, trading and investing are not the same. If you want someone to invest, then they should focus on that, and if it’s trading, they should focus on it. If someone has money and is ready to invest while also trading, you can’t stop them from doing it. 

I agree with you that those who depends on trading signals before they make their trading are not traders due to the fact that they are not doing it based on their own efforts and understanding but if someone doesn't have knowledge of something and such a person uses the knowledge of others to get what they want will you still classify those kind of people as unsuccessful?
Being successful doesn't really mean you must always use your own knowledge to get what you want, sometimes you can use the knowledge of others and still become successful. I have seen someone who doesn't have an idea about a business he wanted to venture into but he loves the business so much and he hired someone to run the business for him and he became successful so the most important thing is having the right update and meeting people you can trust very well. I'm not encouraging newbies to enter into trading but all I want you to know is that there are still successful traders let's just be more real here because the people I'm talking about are people I have known for years and they have been using trading for their livelihood even though one among them have a skill and the other own a business but it was through this trading that they were able to make such achievements. However, trading is very risky so anyone who wants to get involved in it should consider the state of their mental health and be ready to accept any challenges that may occur in the process

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.

They trade Bitcoin on the market and get profit or loss from the market, from other market traders because a trading market is zero-sum game. You as a trader can get money from or lose money to other traders. Money does not appear in the market from the air, it only moves from you to others.

Investing in or holding cryptocurrencies from top cryptocurrency projects are not safe, not completely safe. There is risk that top altcoin projects can fail, die or scam exit, and sometimes even their founders, core team members don't think their projects will fail. As outsider investors, we have more uncertainty about future of altcoin projects.

Don't buy altcoins because they are top altcoins

I agree with with your observation that many people who never traded or have lost money trading are still telling others it is great way to make money from bitcoin. But trading can be risky way and may be hard to do. It is not good to encourage newbies to trade without teaching them properly. Instead of this they should focus on investing for long term using methods like DCA which is more safe. Trading can lose our money but investing helps our money grow over time. I'd like to hear from people who have succeeded in trading but I think those who invest for long term are ones who really make profit.

The approach at which we describe or talk about trading it looks scary that if I have never traded before in my own little ways it will seem as though making profit through trading is not attainable at all. There are varied ways to make money through cryptocurrency to which trading and investment are the very common of them all, and in as much as I will be keen to advise a newbie to start off with investment aspect I still wouldn't discourage  any individual that is interested in  taking path with trading.

The basics are you have to learn about trading, gain the knowledge to both fundamental and technical analysis, have a good financial management attitude, know about the psychology of trade and, very importantly exercise patient and starve your greed. Many traders makes losses and blow their account because they chose to trade all of the time without waiting to see an opportunity in the market before jumping. Making money in trading is mainly about patiently waiting to see an opportunity and take it as it present itself without you having to stay too long on it by been greedy.   People are making a living through crypto trading thy doesn't mean they haven't been in losses. You'll determine your risk ratio...

Maybe newbies should be allowed to go into where their interest and strength actually lies, as there are newbies who may do well in trading than in investment, just as there are some that may do tremendously fine with investment than in trading.

I am not a successful trader but I have seen 2 or 3 they made good profit more than I made by holding my BTC but they also lose money, they were in stress, they were spending time more on there screens and were enjoying lesser. So yeah, both fields have there own perks and I gave trading sometime but can't just handle the pressure or psychological pressure as I did not had such managerial skills to control my phycology and finance both at the same time in shorter-period but I can work on them in the long run so I preferred Holding.

We should not stop newbies from trading just because we are lazy to not to learn it. Instead we should open all the options in front of them and let them choose what is best for them. We don't know there phycological level to handle things. We don't know how they approach to learn and adopt new things. So, its better to give them all available option and let them choose.

We're not directing newbies to go directly in trading. What we're always telling them is to learn first the market, start buying Bitcoin, and hold it for a period to understand how volatile it is. And then, they're free to do the next step that they want to do like to trade. But even if we tell them not to trade, they're all explorers and looking for ways to grow their money and all of us share in common that trading is one way to increase our holdings, and through profiting from it, we can reinvest the profit into Bitcoin. While it is a concern for most newbies not to get into trading asap, they can't be stopped from doing so because a time will come to them that they have to deal with it whether we like it or not when they think they've already grown on the market.

A beginner in cryptocurrency is not supposed to be forced to invest in Bitcoin,  because if you force a beginner to invest in Bitcoin that might delete him to lose the investment because the decision of anyone who is he into cryptocurrency may determine it success for the investment it could be that the beginner hope referred trading more than bitcoin investment kniws better of trading more than bitcoin investment so I don't like a situation whereby we change somebody narrative when it come in terms of investment and the expansion of business so my advice strictly goes that no one should do advice any person on investment to do we should allow the person to make a research and they know the advantages of what is about to enter the into

The crypto industry is very versatile and some newbies have the intention of specializing in a particular area. I will not discourage any newbie that has an interest in trading. My only advice is for such an individual to be willing to pay the price of researching and learning. There is nothing so special about trading that cannot be understood. The problem most so-called traders have is that they are too lazy to learn so they end up relying on social media groups or influencers who give them trade signals. Many of them end up losing their trading capital.

Yeah, starting with Bitcoin investment is a bit of good advice but I also encourage newbies to venture into trading with little funds if they have an interest. Those who have a passion for trading will make mistakes, keep learning, and become proficient if they don't give up. The truth remains that there are also successful traders in the crypto industry.

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.

You are correct, I have also observed similar things like this, you are correct that newbies shouldn't go into trading, that bitcoin investment is the best chance to make good profits.
There is also something I would like to add here, some crypto newbies don't have the patience to hold or accumulate Bitcoin for a longer period of time so most of them still go into trading even after they have invested on Bitcoin. However it's a bad thing for one to keep Bitcoin aside or sell of his/her coins that will develop potential profits to their portfolio and use the money to trade. Trading will not bring and good profits for anyone who don't know how to trade (even if you know how to trade you will still have to lose before making little profits). Person who considered Bitcoin trading as the best option to make quick money should also know that those who they think that are experts also lose but hides their losses and showcase their profits on social media. They should also know that lose is like a nature in trading.

First of all I agree with you about not all traders been successful traders and the influencers we see today do not have what they claim to have through trading alone, some of them even invest more than you can think. This influencers make all this social media stunts just to grow their followers and get more students to mentor, this is where they get their money from.

Nonetheless there are trades that are definitely profitable not like what you said. The trading space is definitely risky and requires knowledge but that is one thing that many are not ready to learn and they end up losing their funds. Paying for signal groups and just following signals can never make you profitable.

With all this said trading is like buying memecoins, it been way too risky doesn’t mean some people are not profitable on it. But it is never an option I will advice someone with limited income and no knowledge to get into

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.

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.

This is exactly what I was saying. People who claim to be traders that depend on signals for them to trade are not traders because they don't have the knowledge on how to go about trading for them to make profit and there is a high chance that they can run at huge loss any time when the get a wrong signal.

A good trader should figure out his own trading strategy and make profit from it than losses that is when I will say that you are a successful trader. You don't know any successful trader yet.

I have known few people who have been into trading and made success through it but yet they always say that trading is very risky and that anyone who wants to trade should use an amount they can afford to lose while trading and these two people that I have known to be successful traders told me that there are times they also lose a lot of money but they have someone through telegram who sends them signals and out of six signals they get in a day, they can succeed with about 4 of the signals most times and lose with 2 signas. These two guys have achieved and acquired some assets through trading and they even tried putting me through on how trading works but I declined because I don't like involving myself in high risk form of making money and am someone that can't control my emotions if I incur losses so I just rejected their offer because I don't want anything that will trouble my mental health.

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.

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.

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.