Topic: Stop discouraging Newbies from Bitcoin... - page 10. (Read 1694 times)

Perhaps you are comprehending their messages wrong. As far as I can tell most of the replies to these newbies are encouraging advice and warnings pertaining to how important it is to have background knowledge of Bitcoin and investment before diving into it. I'm not sure how that is discouraging when these "discouraging" replies you are referring to are most likely just warnings of already experienced members as a caution to those who have yet to know what they are putting themselves in.

Bitcoin and any crypto investment can be risky and will cause a lot of effects on an individual, so having forum members that will honestly tell you even the negative side and possible losses that may happen is better than someone sweet talking you and only showing you the good parts.

There is nothing to hinder a person if he wants to get into trading. We always give advice on what he can do before entering into a trade because trading doesn't look at whether someone is a beginner or a veteran. If a person is not ready to enter trading, he can suffer losses and even a lot if he does not have self-control.

If you read the input from members here, they always advise beginners to learn about trading with indicators, self-control, choosing coins, whether Bitcoin or altcoins and others. They should postpone their plans to enter trading and increase their learning if they don't know more. Bitcoin is for everyone, investing is for everyone but trading is not for everyone. It requires good knowledge and skills in trading so beginners have to learn more.

Don't rush into trading just because you see your friend can make a profit from trading. You have to learn like them so you can benefit too. To practice what you learn, you can use a demo account.

Actively day trading is not for people who don’t know what they’re doing. Most experienced short term traders incur large losses at regular intervals. Trading is a bad idea for everybody, no matter how experienced you are. Buying bitcoin regularly & holding long term is the only way to get close to guaranteed profits. Short term timescale trading is gambling.

Indeed it really Worth sanctioning of those who are supposed to be idealed on BTC when such a newbie ask for guidelines on how to start up instead of encouragement the new gets discouraged just as OP has expressed.

For those saying here he/she hasn't come across such thread here you can read on and also how I could stand a leaning wall for the newbie who made a request on starting up a BTC investment even though I am not on the professional guidance @ https://bitcointalksearch.org/topic/m.62938560.

Please let's serve and reserve our endivoirs to assist one another in this forum.
Me must know we rises by lifting others.
A "Go ahead or a "Don't go" can either be of encouragement to fit in where one has possession to success or a discouragement of losing your way destined way.

Don't take it as if people are giving bad advice or discouraging someone who's asking to trade Bitcoin. Well, don't ask if they don't want to get some tips on what they should do. Because it is not about the discouragement but the concern that the other members are sharing with the new ones. Yes, many would say that they shouldn't trade because they're still newbies. But, there's also some backup with that if they want to trade, do it only with an amount they afford to lose. These people who give their advice are even giving the shortcut to avoid mistakes that have been experienced before.

I agree that it's for everyone and we all should go up wherever Bitcoin is taking us but trading isn't for everyone just as what it seems you're pointing out.

Where did you read in the forum section here that Bitcoin trading is not for newbies? As far as I know, there are many categories of trading here in the Bitcoin industry, one of which is derivatives, futures, margin, perpetual, and leverage trading. These are really not newbies who don't know anything because it really needs those who know trading.

But in spot trading, you can start even if you don't know anything, as long as you just start with small amounts of capital so that it won't hurt your pocket right away. Also, what others are saying here are just reminders for the newbies in this forum, so that the newbies here are aware somehow. That's not discouraging; that's actually caring.

Do not see it as people trying to discourage you, they are rather trying to warn you and tell you the truth about trading and telling you what some people will avoid to tell you. Newbies to bitcoins need to consider the best way they intend to use in getting more bitcoins. Trading is one way, mining is another and the other way is DCA. From the three, the easiest for a newbie to do is DCA because it does not require as much skills as trading and mining does.

A newbie can become a trader, but they need to learn the basics first.

People discourage it because trading is a zero sum game.  If everyone in the world did it, then the price would be "well discovered" (almost flat), but an enormous overhead cost would come from doing so because each trader has to do their research independently (like self custody of Bitcoin, self research of markets is a property that is intrinsically unshareable).

Discouraging people from buying and using Bitcoin is one thing.
Telling them to be realistic about the risks involved in Bitcoin trading is another thing.
I know that everyone was a noob at some point and we have to put in some work and make some mistakes in the beginning.
I've never discouraged anyone from using Bitcoin/crypto. I just want the crypto noobs to build the right mindset, when it comes to crypto trading. Having the wrong mindset might lead to bad results and disappointment.
By the way, what exactly do you mean by "Bitcoin trading"? Trading BTC for altcoins or trading BTC for fiat currencies and gift cards? Those are two very different forms of Bitcoin trading.

Agree as you said that bitcoin does not prohibit anyone from entering there and indeed there are absolutely no restrictions or restrictions whatsoever even though you may arrive late, this is freedom and only you yourself will have full responsibility for everything that will happen to you. Yes that's a very precise fact buddy, knowledge is very important if you want to jump into this investment world because only that will help you achieve real profits. I understand there is a pretty big opportunity in bitcoin in terms of profit and that means at least you have to have pretty good knowledge or at least understand about the cycles that are in it. Maybe I will say stupid to people who are very obsessed with the profits that exist in bitcoin but they do not have any knowledge at all and do not want to learn to build a good plan, how can you come for a profit but do not bring any fishing rod to get it.  We must understand that bitcoin does not always provide any guarantee for profit, and that means in addition to profit, you are also very likely to experience losses there, the way is as you say keep learning to get broader knowledge, and in addition to knowledge you must also have good self-control there so that even if you experience losses you will remain fine and not end up with emotions that can clearly bring you to a worse end.

Yes there may be some members on the forum who give advice but that advice is like discouraging those newbies who just came with strong intentions, honestly I don't agree with the statement that "bitcoin is not for beginners", it's very arrogant. For those who say that anyway before they finally understand about everything in the world of investment like bitcoin they come from someone who doesn't even know anything, and I say initially they are also beginners like those who just came, but the difference is maybe they came first so their knowledge is wider. Their intentions may be good, namely to educate but maybe the way they do it is not right and it seems like telling those who have just come to retreat.
That's right, here we must really be able to understand what exactly is meant, don't easily misunderstand and it's better to take the positives and discard the negatives.

First, topic title should be rewritten to "... Bitcoin trading" as many people recommended.

• Make your topic title, posts more attractive and yes, correctly express your idea.

Second, I don't see reasons to feel bad with encourage or discourage. Because, in life, in cryptocurrency, you have to verify everything includes what you hear, read either they are encouraging or discouraging. So if you only want to read encouraging posts, messages, you will fall in scam communities, Ponzi projects ...

Reading something discouraging is good to wake you up but don't trust, verify.

Is this actually Bitcoin related?


Maybe because it's true in the vast majority of cases? Bitcoin trading can be quite risky, it's important for newbies to be aware of the potential risks involved.


The reason behind this advice is usually well-intentioned. I totally agree with you that we've all been newbies at some point and had to start from somewhere. However, I would like to emphasize on "learning and putting in the work." When someone asks generic questions like "How do I start?" on an online forum, it can seem like they're trying to find shortcuts instead of going through the learning process organically. This might not be the best approach for newbies.


That's true! But, Bitcoin offers far more than mere trading potential.

OP stop confusing yourself, Buying Bitcoin is for everyone, either newbie or not, but trading isn't for newbie, it's a straight up fact, why fund it hard to believe that the best advice is to tell newbies not to jump into trading?/do you want them to lose their money?

Trading isn't something a beginner should just decide to jump into, even crypto oldies lose money with  trading it is advisable for beginners to stay away from trading and focus more on bitcoin investment, it's easier for beginners to learn about crypto wallet and how to keep their bitcoin safe from scammers and hackers.

But trading is on another Level, beginners will need a lot of time and patience to learn trading and trading is more like gambling, they will have to place a bet on predictions that the market will go up or down and if you are wrong your money is gone so it is not suitable for a beginner to start trading unless they devoted their time to learn about trading first.

Stop mixing things up, Bitcoin investment isn't trading, and it's safer to buy and hold Bitcoin than to engage in trading, there is money to be made in trading but they need a lot of training first, it's not that easy to good at reading charts.

Trading is not Bitcoin so if someone discouraged newbie to trade Bitcoin doesn’t mean they don’t want to introduce Bitcoin to newbie. It’s advisable to hold Bitcoin rather than trade it as newbie due to the volatility which can inflict loss to newbie with reckless trading.

I doubt someone in the forum will discourage newbie to purchase Bitcoin. You should update the title to “Bitcoin Trading” because it’s misleading when you said “ discouraging people from Bitcoin...”

For sure, there are some accounts here in this forum who are anti-Bitcoin and/or anti-crypto who are going to discourage newbies to get into Bitcoin.

But as the ones like me who are already into this industry, it’s our role to enlighten them with the right information and educating them well about Bitcoin.

Despite that Bitcoin cannot be stopped, these anti-Bitcoinists keep appearing from here and there saying bad stuff about it. You cannot expect everyone to appreciate Bitcoin. There will always be those people who are being negative and/or against it just like in all life aspects and we have to deal with it.

Yes, it's true that Bitcoin is for everyone and no one should be left behind, but fact remains that to be a trader it is expected that one needs to have a vast knowledge about how Bitcoin and certain factors that affect the price movement of Bitcoin works, which generally, as a "Newbie" on this forum it is presume for he/her not to have such vast knowledge required for trading, which I guess must be the reason why people discourage newbies in other to prevent him/her from losing his Bitcoin to trading
Secondly, you need to understand that there is a big difference in "showing interest in trading Bitcoin" and "showing interest in learning how to trade", and please don't get mad when people misinterpret or misunderstand you, as that's part of life, and learn each day

I'm not really sure what you mean by discouraging newbies, what kind of discouragement have you heard though? What we are saying though is true, it's not for newbies because,

(a) there are a lot of risk involved in trading, and if you are not ready for it, you are going to lose money
(b) besides money, there are also time in your end, are you willing to spend more time
(c) there are newbies who doesn't want to get to the intricacies and wanted a short cut and think that trading is the way around. Trading is not a get rich quick scheme.

And just don't take it as negative criticism though. Just the facts.

But in any case you really wanted to go into trading, then no one can stop you from doing it.

I haven't seen anywhere in the forum where members discourage newbies never to trading bitcoin,  the forum have always recommended newbies to trade bitcoin because is the best for trading among all cryptocurrencies. The forum always encourage newbies not to trade because they just want to make money but should have  knowledge first before going into trading. The forum have always encourage newbies to take the right step to go about trading, and I have seen forum members who give newbies advice who knows nothing about trading instead of them going into trading they should hodl Bitcoin to avoid losing their money.

Update your title to "Stop discouraging newbie from Bitcoin trading".

People are everyone, not only newbie. Learning and invest in Bitcoin are different to trading Bitcoin. I don't see people are discouraging newbie to learn or invest in Bitcoin, actually it's opposite because there were so many thread discuss about teach Bitcoin to their friends or other people.

The reason for not trading is 90% are in lose.

They are not discouraging newbies but encouraging newbies to a right pathway that is helpful to avoid loss and increase chances to get profit.

Trading is not for everyone and it is harder for newbies. If you know most of traders (like 80% or 90%) fail with trading even they have many years for trading, the failed rate for newbies is higher.

People want good things for newbies but you see different things. If you want to trade, let's move on with trading and good luck.

Bitcoin and trading with Bitcoin is different.