Topic: Newbies should invest in bitcoin first before thinking of trading. (Read 711 times)

I tell newbies who wants to rush into crypto trading because they think that it's a get rich quick scheme that trading is hard. It's not something that you can rush into because you've heard that people are sitting in the comfort of their homes and making a lot of money, it's risky and you can easily lose all your funds if you don't understand how trading works. I advice newbies to start from the basics in cryptocurrency business, that is investing in Bitcoin, it's the safest and most reputable cryptocurrency, you don't need much technical knowledge to hodl it.

Trading requires fundamental and technical analysis to understand, someone needs to become a professional in crypto trading to make profits and minimize loses. Newbies needs to start with demo trading, be mentored and gain knowledge before trading with funds.

Trading is somehow suggested on where they can earn bitcoins and some newbie got interested on the idea that they just need to buy low then sell at high price to earn. But realize later on that its not all about that action since it need critical decisions and do proper research to learn a lot of things that could able to help them to do good trades. But even though they learn about it still its risky to participate since bitcoin price volatility also with other altcoin will always be unpredictable so that means everything is not sustainable in trading.

So much really better for them if they think about better investment is to go with bitcoin and ignore any thoughts to risk some amount especially if they are the type of person who can't afford to lose since every investments they will get affected if they are losing on their trades.

Of course, Bitcoin is not a get-quick scheme, so beginners should stay away from trading as much as possible in the first place. They should first start with long term investments. They must first gain a thorough understanding of investment risk management and plan to achieve your goals by investing in Bitcoin using the DCA method. And after knowing everything about investment, proceed towards trading. A newbie should never jump straight into trading. They should know everything from the beginning and slowly move towards trading. And definitely take advice from a trader who will explain to you both the benefits and risks of trading. As a newbie, this is how one should proceed. And you should always invest with money that you can afford to lose.

Before recommending trading to someone we need we need to confirm their knowledge in trading before they begin because some people think trading is all about knowing the strategy and having the amount to begin with, firstly I think they should be made to now that one of the procedures to trading is to have a positive mindset, good trading signals and their ability to welcome every outcome they encounter during trading, you are right the skills are needed and the knowledge ought to be there cause it's foolishness for anyone to recommend trading to a total newbie when they know that person will end up blowing the account and go broke.

All these newcomers you see getting themselves into trading without the proper knowledge of crypto trading are doing it because they are not ready to invest into trading without the proper knowledge of crypto trading are doing it because they are not ready to invest in bitcoin for a long period of time. That is why they feel like waiting for so long before cashing out their money is not going to favor them, and most of them can't see their money reducing due to the volatility of the market.

They will sell out the bitcoin, so they feel like trading is going to favor them more because it doesn't take time, so they would rather learn trading and trade crypto. which is not the case here. The thing is that they don't wait and learn well; they rush with little knowledge and start trading, and that is why they lose too much.

Many of newness seeing a trading like where they can earned money quickly and that’s when they come instead of to them go through the trading skills and learn everything about the trading, but they will not all they’re thinking is that the trading is not all about having a knowledge about it before starting that’s is big problems almost all the newbie that want to trading are facing, and that’s why they easily fall in victim of losing. Honestly the way some newbie are losing their money in trading, if to say they use it start the investment in the bitcoins they will know even thinking of trading without seek for knowledge before starting.

Because the bitcoin investment is far deference with the trading we all know that the bitcoin inverse also deserves of knowledge, but not like the trading that a person have to learn in full details to know the risk that is involved and also learn how to avoid them; but the Bitcoin investment is a is investment that a newbie can afford with a little knowledge and experience and it can be succeed since it has limit risks unlike trading.

Do you know that newbies do have different intentions? Some of them will come with the intention of trading, so instead of taking some time to learn about trading before starting, they rush to use some signals from their so-called crypto experts, if they fail, they will start blaming crypto as a means of losing money. While some will just go straight to investment, not trading.

Your advice is very important because most of the newbies that do start with trading do lose money because they don't know some basic fundamentals governing trading; therefore, learning is the first step, and if they can invest in Bitcoin while learning how to trade will be better for them and will have several advantages if the Bitcoin price goes up.

No one can sustain seeing his money losing all the time even if it means he’ll end up with a working trading strategy in the end. No matter how rich you are, you won’t let your funds becoming screwed just to learn in trading, instead you will look for another profit opportunity where making money is more certain, compared to trading in the market which requires experience and skills first before you will see the real profits in trading, add to it is the unpredictable market wherein trader needs to be patient at all times to avoid instant losses.

My understanding is that for beginners, don't be reckless in doing both, don't rush, it's best to learn about the risks and understanding of investing and trading in crypto first with those who are experts in the real world or on this forum, it is important before acting in crypto investment activities.

Investing if a beginner doesn't understand the market or the type of crypto he wants to invest in is useless and can be risky, recently many exchanges like Binance have eliminated several types of crypto, If that happens, the type of crypto you have invested in could have fatal consequences and you could experience real losses. For this reason, learning and understanding the opportunities for the coins you want to invest in is very important, including Bitcoin investment, currently the price is unstable, it can fall far or well, the point is to learn and understand both methods.

I don't agree with what OP said because, for me, the best way to become a better investor or trader in Bitcoin is not about having your capital first or throwing money on things you don't know.

The best way is to learn first the Bitcoin especially since you are a newbie, you need to know how it works, and the history of it, you don't invest in things you don't know, that's very important in investing.

A newbie in trading will certainly give up when he sees that he is losing always because it is money that we are talking about here. Instead of losing all that money to trading, if you just start investing it will save your capital and also give you profit in the long-term.

Mastering trading is not easy and coming up with your own strategy that will favor you in the market takes much time because trading is complex and this is why majority of people who tries trading always run at loss often.

If they decide something like that then still they won't be able to make profits as a trader because losing enough money will change their beliefs regarding trading and they'll somehow get a feeling that the market is always manipulative. I know some of them may become good traders but most of them will give up on trading.

I don't see trading as the wrong direction for newbies, but it is now left for newbies to learn how to be self-prepared for trading. If newbies can be calm and learn properly about trading before jumping into trading, they may not lose money, even as a person who has been in the cryptocurrency industry for a long period of time without trading. Once newbies don't have the proper knowledge of how to secure their funds, they can easily lose the money too. If trading is the wrong path, I don't think people will make profits from it, whether you are a newbie or have been in the crypto industry for a long time. Knowledge is power; once you lack knowledge, you are planning to lose.
 
The only advice I will like to give to newbies about trading is that they should not just jump into trading without proper knowledge. I cannot discourage any newbies who are interested in trading, and at the same time, I can't encourage them to join trading. In the crypto industry, there are ways of making profits, but it is left for someone to pick their choice. 

Based on some of the information they got from social media that made some newbies to jump into trading without exercise patience to ask those traders that succeeded from trading question, because they are in a good position to direct or give some information that will help newbies to make profits from trading.
i guess, you are like me in this forum, am not a regular trader because i use to trade  my coins once in a year or twice in two years which is the reason i use to invest in every bear season to have the opportunity to make profit when time to trade occur in the market, and it hard for me to loss profits during the bull season.

That is where some newbies are missing it wrong, invest in a profitable coins and hodl for long period of years to have the chance to learn the trading before you can be bold to trading in the bull run to get what you want from trading, which is a good advise for newbies to learn from to avoid losses from trading.

Nope. Not for me.

I'm one of the many aspiring traders out there that ended up losing money in trading, but I didn't say that trading is a good means of making money. I'm only saying that trading is one way of making money which really is, but there's a risk on it. I always say that don't go all in on trading when you're starting, and if you aren't ready to lose money in trading, don't even start doing it. Trading is a good way to make money yes, but only for those who are willing to spend time and money learning it. Trading isn't for everybody.

A newbie can always try trading and from there, they will decide based on their experience.

Don't discourage newbies not to try trading because at first place, they can do it as long as they're ready for the possible consequences that they might face. Yes, it isn't recommended for them, but they can just try it. Investing in long term if you're a newbie will always be a better option if you want to make more money compared to trading, but newbies can just trade, but the risks are higher for them since they're just new to it. DCA will always be better than trading if you're a newbie, but if they really want to trade them let them experience it.

Yea you are dam right bro, in as much as trading can be very risky, especially to a newbie that knows nothing on what it entails and how to navigate his or her way around it, but holding can also be very risk if it's the wrong asset, like all this shit coin and most of this alt coin, so apart from Bitcoin investment, all other crypto asset are associated with a very high risk, that's why to me, if you you insist on taking such risk, I would advice you do it with an amount you can afford to lose, just as gambling, so that if things went south, you actually wouldn't be emotional and bothered about it.

Lastly, on my own perspective, I don't think trading is that bad, just that before you engage in trading, it's best you follow the life principle, which is learn first, before trying to earn,  because almost all newbies that lost money in trading thinks they can earn without learning how to go about it, which cost them dearly, so it's best to keep off, if you knows nothing about it.

I totally get it why you do not want to trade. It is high risk way to make money and it can be bad for your mental health. You are smart to know your limits and prioritize your well being.Stories of your friends who trade successfully but still lose money sometimes show how unpredictable it is. They rely on others for tips and still lose mostly. By not trading you are being proactive and protecting yourself from stress and financial ups and downs. There are many other ways to grow your money that might be less risky and stressful for you. But here is one important thing too if you will learn more about trading and if you will be able to control your emotions. So I think trading will be more profitable. But if you don't want to trade so I will advise you to buy crypto and just hold it.

Majority of traders are actually at loss, maybe because newbies these days have resorted into trading and lose their funds because they don’t have sufficient knowledge and experience that are required before trading. However, if buying and hodling bitcoin will be their first focus, most likely they will be in profits these days, not at the peak of losing. It’s just that they are blind with trading thinking that it will make them instantly rich, when in reality it’s not.

What if they decide to keep trading and losing money until they master a strategy that will benefit them in trading I think my advice for them will be to get information on good trading strategy or this should do a demo trading first before the thing of involving in really trading, above all the advice, newbies can trade it thwy are able to undergo the learning process, it will help them to know how to minimize losses in trading and give them good information on the various trading tips and guidelines which will help them to take profit as beginners but if they have no knowledge at all then trading is not for them.

Yes, I've made success through trading and I still trade because that allows me to earn some good profits. I know for newbies it's not easy to make money as a trader but when someone gets good at trading then surely he/she can make enough money in trading.

I would also suggest newbies to stay away from trading as it's not for everyone but surely those who can make a proper trading plan with a proper trading strategy can earn enough profits in trading. Investing is good but as a trader you can invest in Bitcoin way better than those who don't understand the charts.

Yes you are right, it is crazy for anyone to think of buying any coin without having proper knowledge on what to buy or how to go about it, we understand that the crypto market has become so popular that a lot of new comers can easily jump into it without having knowledge but this is a bad idea since such person will end badly because losing the investment capital is certain to anyone who's thinking of buying or trading Bitcoin without having knowledge.

To add to what you have said which I think is encouraging to newbies, I will advise them to get proper orientation, good knowledge and learn to learn from a good bitcoin investor or a trader before embarking on any bitcoin investment.

Beginners will always continue to be fooled since they are inexperienced and are easily convinced especially when they are told to invest in a particular coin and their capital will multiply and newbies gets so excited about making quick money and quick profits that's why they are easily convinced and some of this beginner when they come across traders that calls themselves professionals in social media platforms they tend to follow them up and due to luxurious things this so call professional traders do post online a lot of beginners feels that trading is that easy but it is always difficult for a novice to trade because they find it difficult to understand how the market works and the best time to trade.

The best thing that can happen to a newbie now is to invest in Bitcoin because it will give them a rest of mind and not spend time watching the activities of the market, your own will just be to invest a certain amount at different intervals of time that's for someone who have a stable income but for someone who don't have a steady income they can still invest and hodl till they get enough funds to buy more Bitcoins.

In all, there is no way beginners can easily be convinced about not trading because they will always be inquisitive for a quick money but as soon as they record losses on several occasions they begin to find reasons why they should invest in Bitcoin.

The knowledge is the most important thing every newbies have to search for not jumping on thea coin to buy and hold when they don't have have clear understanding about the crypto market. It is good we know what we are doing and that we don't keep making mistakes that others have made too and have shared their worse experience. If we want to survive and make money from the crypto market, we should be ready to keep readying and adopting the character of staying safe as either a trader if crypto investor. There are many newbies that have lost thousands of dollars because they were never patient to learn and adopt a safe pattern of investing in the crypto market.

I think your opinion is a nice one since it is very difficult for a newbie to be knowledgeable in Trading without having adequate knowledge but come to think of it,a newbie isn't even supposed to do both things which is trading and bitcoin investment without gaining proper understanding of the basic principles of  trading and bitcoin investment this is because a newbie who's interested in either long or short term holding can't be successful without gathering sufficient knowledge on when to buy bitcoin to hold and the right time to sell to make profit.

Remember every one is advised to have a back up plan or a strong source of income before and after investing in bitcoin because you can not be guaranteed of making profit after investing in Bitcoin but having good knowledge before investing in Bitcoin and a good trading experience can make you to be profitable as a newbie in trading or as a holder.

You have made reasonable points, yeah newbies coming in to the space should be very careful of the influencer online as they are most times paid to only emphasis on the profits margins and maximization without any show of the risk involvement and unfortunately a lot of people will become victims especially with some projects that are just pump and dump projects. However, with Bitcoin first every newbies will understand the dynamics of the market by accumulating even with only basic knowledge by using the DCA strategy.

If you know that you are new in cryptocurrency especially in Bitcoin what you are supposed to do is to I observe the method of investment of Bitcoin so that when you invest you will probably make a profit in your investment because some people does not make a research to comprehend the risk that is involved for investment of Bitcoin before them venture into it so I think that it is abnormal for not to make a necessary research or inquirement before someone will go into bitcoin investment especially involving in Trading so it is about a concept that you don't know the rudiment of trading and the you venture into it without a clear concept

Yes this is a good suggestion before starting to trade with real money it is important to learn about trading and practice with fake money means with demo trading. Some people might lie about how well they are doing or not have much experience but there are people who trade successfully and earn good living. However trading is risky so it is important to have backup plan. To be good at trading we need to keep learning testing different strategies and adapting to changes in market. It is not easy but with hard work and smart approach we can build stable financial future. Your advice is great and I fully support it.

Well, I’m not actually buying into your both ideas @op and I think you just also take some time off to ponder on the thread but since everyone is entitled to their personal opinion, I wouldn’t have to say you’re wrong but I will have to correct an impression that most persons don’t know people that are successful in trading and personally I know people live comfortably from trading and maybe I might not be very close to know of their regular lives but meh trading if well done is really lucrative.
Persons like me found about reading in quest to make money online and I stumbled on DerivGo and I was able to make over $2k+ within 48 hours but still lost then and that’s a  typical example that a newbie and also make it from trading even when learning and trying to figure things for yourself.

Yep. There is nothing wrong with trading. It is the same as investment, it is also the right way to earn money. Sure, there are still many people who can earn money from trading. As far as we know how to trade properly, it is possible to earn money from trading. So, it is okay if someone has the intention to trade crypto coins.

You're right. We mustn't hurry to start trading because it is not something very easy to do.
Even if we hear that many people can succeed with trading crypto, they must get the success after they experience many challenges and obstacles. They won't be success instantly, they did big efforts and through a long process. They also must have enough knowledge and experience to be successful in trading crypto. So if we are still newbies, it is better to focus on everything we need to be the right trader. Take a serious lesson, get the experience, and prepare our mentality. These are our priority, just focus on improve them! We don't focus too much on dreaming huge profits from trading.

Of course, trading is for everyone! The professional traders also begin their journey from the newbie level. There is no person who becomes a professional trade suddenly. It should be through a long process. If someone never tries trading, how he can be a professional trader? However, for newbies, it is better to focus on learning and gaining experience. So don't use a big amount of money, just use small amount of money!

True, trading is like equilibrium, when one loses, another profits.  Like a trade can't be done alone, and money does not go out of the system unless withdrawn.  I believe in trading an amount lost by an individual is equivalent to the amount gained by another individual so yeah it is an exaggeration when one states that 99% of people are losing in trading.  Possibly 99% had experienced losses but not 99% are losing in trading.


It does not harm to be vigilant.  Even some of the top 10 coins in the market cap may turn scams one day.  So it s best to get updated and knowledgeable about the flows and news of the market.

I wouldn’t advice anyone to trade without first of all trying to learn some theoretical approach to it, practice a strategy with the demo before having to think about going live.

You might have a point when you make the assertion that certain uses just blab with words and don’t have any real world relations or connect with persons paving ways for themselves through trading. It still doesn’t dispute the fact that there are a couple of persons doing just fine. They don’t get to get the big bag but, they do just okay to pay there bills and live a comfortable life. I know a few, although, they aren’t full time on the job.

The chances might be slim and the field is one that comes with high risk but, your having to navigate through these risks, employing different principles, testing strategies and coming out successful is how you build in trading.  Given the chances you’ve got, it’s important you have plan B as you can’t really have all your hopes in a high risk environment like trading.

Actually, you are right but in most of the cases you will that the most new traders are starting their trading with the altcoin and short-term trading. If I say my trading history it is also with the altcoin and also I have faced loss in my first trading. The things you have mentioned it is seems that you are describing my newbie time on this sector.
However, if one more year had not passed for me to fully understand the market of bitcoin and to understand the long-term investment benefit of bitcoin, maybe I could have adopted some bitcoins at a more dip down.

Trading will do more harm than good to newbies who want to go far in Bitcoin because it is a bit complex and require serious technical knowledge and experience to succeed. A newbie does not possible have this knowledge and emotional maturity to handle trading. The best for newbies is to simply buy and HODL Bitcoin, this being an easy thing anybody can do. If in the future he consider venturing into trading, let it be that he has enough capital to pursue it because when a trader knows he has backup capital, it helps with balancing the psychological needs and remove the FOMO and other fears. So, rather than trading, newbies should focus more on building their Bitcoin portfolio first before anything else.

I think the number you give here is very big, it means that in this world there is not a single person who makes a profit from trading, that's a joke!! there are still many who profit from trading and they have had quite a difficult journey to be able to be in their current position so don't exaggerate.


For beginners, it is recommended to learn first about crypto assets that are in the top 10 positions, to avoid scam projects or those that have the potential to rugpull.

Trading is not a wrong path in cryptocurrency, and people are still making money from trading. Just that if you don’t know much about trading and you decide to start trading, maybe because of the things you hear from people about how easy trading is and other things like that, and you decide to start trading, then you will be losing money and will never make money, but if you follow the right path and learn gradually without rushing, then you will be making money from trading.
 
Why I don’t discourage newbies from trading is that even professional traders started as newbies, so if you are a newbie, if you keep on learning and practicing, then you will also be a professional trader in a day. But I completely disagree with you saying trading is bad.

That's not true, it's not only about a few people but anyone who can devote time, effort, and resources can become a successful trader. The very first and most important thing in trading is knowledge. When you gain knowledge, you tend to understand the market very well, and that wouldn't allow you to make wrong trades and invest your money in useless projects having no potential at all.


Is the money newbies use to make investments or start trading given by the person suggesting things? No, right? So if it's their own money, they don't want to lose it, then they need to do their research before investing it in any coin or project so that they can get some profit instead of losing their money.

Knowledge is just everything that no one can't do without in either trading or investing. Knowledge is the first thing every trader or investor must acquire to make profit. Trading and investing deals with money and it is not a good idea for people to think of going into trading and investing without no good knowledge.  The reason why people lose money in trading and have a failed investment is because they get into it without having good knowledge about it thinking they will be able to cope with just trying to make assumptions to get it right. Profit can only be made only through knowledge and no two ways about it.

Why do you think forum members encouraging newbies to trade ran away from trading because of losses? I will say trading is kind of risky, and traders do lose money, but that doesn’t mean they don’t make profit, and I disagree with you that the chances of making money from trading are slim. I am a trader, but I will tell you that I make money from trading, actually I also lose, but when I calculate the amount that I make and the amount that I lose, my profits are always greater than my losses.
 
I don’t encourage newbies to jump into trading, but I do tell them to first learn about trading, they should have knowledge about the basic things that they are supposed to have, and they should start trading with a small amount of money to practice with, and with time, they can increase the amount they are trading with.

It is much of a big deal for a beginner to start his journey in the world of Bitcoin or Crypto currencies as a trader. A lot comes with trading, the risk of losing everything and probably get little return of profit because that is the nature of its involvement, but motives based on investing into Bitcoin is a solid 10/10 decision to make.

Newbies are required to understand that trading even with one's level of knowledge is proportional to the results we get from gambling because they are all based on predictions and may turn out differently from what we outlined. Meanwhile those who invests are completely unbotherd knowing fully well how the system operates and only gets conscious on where they hold their assets because definitely they get to experience good profits from the long run.

Sometimes when it is not risky and scared to try, it won’t be worth the big profit you are going to get in them. They say trading is risky, investment is also risky and anything that is risky are most times profitable. To invest into a coin or go into something term as profitable, you need to first look at the probability part of making profit in them. If it’s risky and you’re able to have sufficient on how to tap on the profitability aspect of it, then it is worth trying and you shouldn’t hesitate not to give it a try. Memecoins historically are coins that are risky and are at low probability of making you rich than the ones that will make you rich.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

Of course, but the fact that they managed to hold bitcoin at a long uncertain years, that will promise them massive profits when they decide to sell.

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.

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.

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.

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.

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.

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.

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.

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.

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.

I believe both are actually risky if you are not 100% sure of what you are doing. Even in investing alone where majority considered it less risky, still a lot of investors are losing because they end up risking their funds on wrong choice of investment, one thing that will sure to happen if they don't study first the coins of their choice.

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.

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.

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.