Topic: Stop discouraging Newbies from Bitcoin... - page 6. (Read 1694 times)

If someone posts in the forum, many people will reply to it and everyone's opinion will be different.  We should encourage newbies to learn trading, not to trade. Because learning trading in one day is not possible. It takes years to learn trading.  If we ask newbies to invest without knowing it, they will start thinking of it as gambling.  That is, depending on luck, only invest and face losses.  It will be very harmful for them. First they will suffer financial loss and also they will break down mentally and turn away from trading altogether.  Is it good?  Or is it better to learn trading and then invest in trading?  We should give trading tips to newbies.  Inform about hold sale.  Ask the experienced to follow.  Asking to refrain from investing without understanding like a fool.

I think the general consensus is that anyone interested in trading should at-least have a fundamental knowledge of Bitcoin/cryptos & how they work before they intend to trade.

Unfortunately, due to bad actors, people have promoted Bitcoin as a scam, and people do lose money in trading not knowing any better. Nothing wrong with trading, but at-least understand how the markets work before you begin.

Otherwise people lose a large amount of money, blame it on cryptos & generally ruin the reputation of the community as a whole.

Just my $0.02

It's crucial to strike a balance between cautioning about the risks and providing guidance. Bitcoin trading can be highly volatile and risky, so it's responsible to make newcomers aware of these challenges. However, this should be done in a constructive and educational manner.

Encouraging newbies to seek knowledge, research, and develop a solid understanding of the market is essential. Sharing resources, recommending reputable sources for learning, and emphasizing the importance of risk management are all positive ways to help newcomers on their journey.

Of course Bitcoin is for everyone, that's exactly why it is an open source project that requires no consent from any authority to be a part of it, but mind you that trading isn't for everyone per se, that doesn't mean you can stop anybody from trading, but it is pretty risky and you might lose all of your Bitcoins. Mind you that you don't have to trade Bitcoin before you use it, i mean, it was created to be electronic cash, thus even if you aren't trading or investing, but you are spending Bitcoin, then you're using it in the correct way.

Trading and investment in Bitcoin is just another way of adding to the coins that we already have, but whilst investing is less risky, trading carries a very large risk, and it is right to tell newbies not to trade, it doesn't mean you're discouraging them from Bitcoin, because trading isn't all you can do with Bitcoin.

Or, just maybe, trading is indeed not for newbies and someone just should start by simply accumulating it. I don't want to discourage anyone, but it's a good idea to tell someone about all the risks.

There are many reasons for this :

1. Some people are just trolling.
2. A lot of people are just negative and selfish human beings.
3. Some people are "greedy" and they do not want other people buying their coins.
4. A lot of people are paid shills, so they get paid to sabotage Bitcoin.
5. Most supporters of other coins, do not want Bitcoin to flourish, because they want people to trade their shitcoin. (competitor)

In the end, no matter what the reason are for this.... nobody can tell you what to do with your life... just make your own decisions and stick with that. 

Personally, I do not see any disadvantages of trading biteoin for a beginner, but even pros. The fact is that bitcoin is a proven cryptocurrency that will eventually rise in price, no matter how much you buy it. And it's better for beginners to buy bitcoin than some shitcoins, which will then turn out to be a scam. And the Buy Bitcoin and Hold strategy has always been good for all participants of the cryptocurrency market.

I have noticed that whenever a new person wants to learn about Bitcoin, everyone is supportive. You might not have noticed that when a new user makes a post to learn about Bitcoin, everyone there is giving him advice. He is then given good advice by everyone, never given bad advice by anyone, or didn't discouraged from investing in Bitcoin. In my opinion no one has ever been told that trading is not for beginners, rather it is said that trading is not for everyone, those who have no money can never trade. So you might have shared a completely wrong decision here, we know everyone was a beginner one day and he became a professional trader because he learned.  
Moreover, when a newbie is interested in Bitcoin trading, everyone gives him good advice, and advises them to understand the market first before investing in Bitcoin. Also you should know that if you don't have money you will never be able to trade and buy bitcoins. And what is said Bitcoin is not for everyone Bitcoin is not for everyone as it is mainly for people who don't know about Bitcoin, in fact those who have little money never invest in Bitcoin.

You  have only missed those point meaning mate , because what they wanted to impose to those advise is Never invest as newbie instead learn about bitcoin first before putting your money inside.

We have seen those newbies that had been lured here telling that they can become millionaire overnight and thats why they felt being failure once did not got what they are looking.

though there are some that wrongly advising them and that is different case.

correct none of us born as professional but we are born to learn and understand and that is what we should look to be important here.

Never that I discouraged them to invest in bitcoin , but I discouraged them to invest automatically .

Instead I keep telling them to read more first here specially in Bitcointalk in where there are so much knowledge from experts in this market.

No one is stopping newbies from entering the market, what everyone is trying to tell newbies is to start with the basics instead of rushing to make money. Do you see how anyone can make money and become rich if they have no knowledge? Especially with trading, if you participate in trading without knowledge, it is like gambling.

Knowledge is what newbies need, don't rush into making money with an empty mind. If you think you can make money without knowledge, you are just participating in the market just to be bait for sharks to enjoy.

Thing is, it's better to snuff a cinder than let it grow until it burns the whole house.

Sure some of these newbies could be good and could actually make a living off of bitcoin trading/investment, but on that note, how many of these newbies will paperhand on their investments at the first sign of dumping, and would ultimately cause a cascade of newbies selling all their investment in a snap of a finger? It happened in the past, it could very well happen today. While I don't personally side with people who gatekeep bitcoin and are keeping newbies out of the industry for any other reason, I see the logic in some of them being scared of these newbies selling their holdings cause bitcoin wasn't how they thought it would be. Education can only go so far, what other ways do you have in mind to fend off paperhands in this industry?

I've never seen users discouraging trading is for newbies. Whenever there arises question on newbies involvement into trading, most of the suggestions will be on the risks associated with it. Newbies just get into trading without knowledge and end up losing. Understanding and getting into trading activities will ease them make good profit out of the fluctuation happening with time.

Apart from this, there'll be suggestion to start from smaller amount. This means the risk will be low and it gives the better experience than just learning from someone's experience. Investing little by little will keep things better than just going for big risk.

Whoever is caught trying to discourage people from their involvement in bitcoin and crypto entirely, should be considered and enemy of the state.

How on earth should someone who's supposed to be advocating for the change in the centralised financial system be the same person discouraging people from bitcoin purchase, how is the space suppose to grow and gain relevance.

Actually as a newbie and you feel you have the knowledge about trading its better you just go off and start the trading because asking of advice makes it seem you actually don't know what to do and I actually believe experience is the best teacher so you having your own experience in Bitcoin trading will actually be the best knowledge you would ever get.

I remember when I wanted to start up trading exercise in Bitcoin i was actually advice to have enough knowledge before I started up but I decided to slide the advice and actually went to practice by myself and believe me the experience i had was the one that got me wishing that I actually never actually started without getting prepared.

I don’t think anyone is stopping any newbies from buying bitcoin, the only thing that they are doing is given them a good advise that can protect them from making the biggest mistake of their life which they might end up putting the blame on bitcoin rather than putting it on their self.

because when a newbie buys bitcoin today and they happen to get involve in trading in other to increase that their capital if they end up losing it, the next thing that you will hear from most of them is that, they lose all their money because of bitcoin, some might even go up to the extent of calling bitcoin a scam coin that made them lose money.

It’s just a honorable advice which it’s left for the newbie to either take or they can do what they have in mind to do, if a newbie want to go into trading I will advice they learn how to master the market first in other for them to reduce their risk of losing everything small, if they have been able to learn a little trading skill then their is no point in stopping them from taking the risk.

Exactly! Just because forum members are telling new members about the possible positive and negative outcomes for Bitcoin, it doesn't necessarily mean they are already discouraging that person, instead they are even being good members by looking out for newbies and sharing what they know. I don't see how OP thought of it as a discouraging thing.

Here's the thing. I have never discouraged anyone from whatever they are trying to do. Even if you fail at something, you gain experience from it. So my advice is always to try to do it but don't do it in a way that could have a bad effect on your life. So I can see why people may discourage newbies from Bitcoin trading. In Bitcoin learning or Bitcoin trading, whatever you call it, it is advised to tell them every bit of information. Whether it is good or bad.

So people saying trading is not for newbies could mean something else. It depends on how you take the words. Imagine me encouraging someone to trade. Most of the newbie traders come to this platform to make money. They think that it is a quick money scheme. They can just earn by making trades. It is all profit from here on out. But that's not the case.
Now if they go on and make a loss and not just any loss, they lose everything. Who would they blame? Of course me! Do I want that? Hell nah man. So if you change your perspective, you can see how this goes.

Yes, exactly. If someone is uneducated in all the sciences and arts that are necessary for trading Bitcoin or investing in Bitcoin, then it is very difficult for him to fight in the field of cryptocurrency with this knowledge. There is no such thing that you do not know, and it is easy to follow. It is not impossible that you do not know anything, and you will be able to earn profit in the future. And more than that, the market system of Bitcoin is different compared to the investment business, in which if there is no knowledge, whether it is in terms of Bitcoin investment or trading, then it is impossible to walk in it. Because the cryptocurrency market is based on a volitional nature, if you don't understand it well, you will have to face losses instead of profits.

Sorry, sir, so far I have not seen anyone discouraging newbies not to trade in Bitcoin, but rather explaining to these newbies that this step is necessary for Bitcoin investment or not to ignore this technical point for trading. So it means that they explain to newbies and share their experience to explain to them and give them advice on how to get lessons. So, in my opinion, if a newbie considers this advice and the behaviour of the explainers as discouragement, then no one else can be more foolish than that.

Who said that trading isnt really for noobs? It would really be just that normal that the community would really be saying about trading isnt something that a newbie could easily handle but doesnt mean that they are

really that making someone do stop on doing so.  We know that there are different types of trading on which it could be classified in between spot and futures which people would really be recommending on trying out to avoid futures trading as much as possible specially when you are a noob because it is really a type of trading on which it could really be that in similar with gambling because on the time that you had decided on
making those kind of trades then you are really that susceptible to huge losses because experience and skills wont really be that enough on handling yourself on such condition.

If you do pursue out on this type of career then it would really be taking so much time and effort for you to have a good grasps within this market and this cant really be attained in a short time period.
This is why its really that important to have that realistic goals and targets but at the same time you arent really that making yourself that in a rush or too desperate on achieving it.
Everything does takes right time at the right moment.

do forum members actually say that, I might have missed it. what I usually see when newbies ask for advice when they want to start trading are forum members telling the newbie to do their own research first, learn what the risks are, only invest what they can afford to lose, etc... before investing anything, which is very understandable as trading is risky and doing it without any prior knowledge can be devastating for the person who wants to do trading.