Topic: Stop discouraging Newbies from Bitcoin... - page 7. (Read 1694 times)

If we don't take the risk then we will always remain newbies and its obvious that expert must spend the stage of newbies and then they become expert. Those who discourage others are those people who don't get anything from crypto trading and investment and now they are spreading wrong information because if they miss the chance of success so they also cannot see others to be successful.

Newbies should also hear from different people as if they get advice from only a single person then he will talk according to his experience but sometimes experience can be change from person to person. It is not bad to hear the words of others but I will suggest that listen to others after that make research about it through videos and articles so you will easily take the better decisions and better advice from it.

Sure Bitcoin is for everyone that's for sure, it doesnt really matter what kind of people or nationality you are you can buy Bitcoin. But at the same time, I kind of understand why members here say that bitcoin trading is not really just something that you could easily start because Bitcoin is probably the riskiest investment that you could make if you compared it to other investments like the stock market, real estate, etc.

So members are just giving some advice to newbies here in the forum, because even though Bitcoin is for everyone you could easily lose money here in cryptocurrency, so I guess it's easy to say that you are going to invest but when you are already investing that is the hard part because most of the time beginners are easily get afraid in the market especially when the market is going down this newbies doesnt have the foundation yet on holding their investment, also if you doesnt have other sources of income you might just end up selling you cryptocurrency if something came up like an emergency because your just depending on cryptocurrency profit, personally that is what happened to me, so when I realize it, I really do my best to have multiple sources of income and it becomes really easy to hold because you have enough and you could just forget about your cryptocurrency when though its pumping or dumping.

I am also a newbie, as a newbie if anyone here in this forum is discouraging you concerning trading maybe the person knows what he's saying, there is a saying that says experience is the best teacher, maybe the person is talking from experience. And there is a difference between correcting someone and discouraging someone, maybe you're confuse about this two words.
I believe everyone on this forum learns everyday, we are all here to learn, share our opinion or idea towards something.
I got an advice from someone here saying as a newbie read more often than making comments

Well, those people are not wrong, Bitcoin Trading is not for a newbie trader. I mean someone is still learning about the basic of trading like chart, signal, .etc, I wouldn't advice them to trade on Bitcoin, because the market volatility and uncertainty is fairly higher than other trading like Stock, or even Forex. It's like, you should learn to walk before you can run, in Bitcoin & Crypto losing your portfolio value up to 5%-10% in just a  single day is not a rare case.

In fact, they don't mean to discourage beginners when they come to this forum, but by saying things like that they are trying to make beginners aware that investing in Cryptocurrency is very risky so when starting out you need basic knowledge and understanding of Bitcoin in order to minimize the risk of loss, seniors in this forum do not want the regrets they previously felt to be experienced again by beginners who want to start investing with bitcoin, especially now that many beginners misunderstand the truth about bitcoin investment.

People here have already pointed out that there's a significant difference between Bitcoin and trading with Bitcoin. Trading is an involved process and requires some skills and understanding of the market, as well as of the risks because trading can easily go wrong. Bitcoin is a currency which can be used in different ways. Simply buying Bitcoin and holding onto it is much easier than trading it, and using Bitcoin for payments is also an activity that involves much less risk than trading.
So it's not about discouraging people from using Bitcoin, I think it's a precaution meant to help people avoid losing their funds because of being unaware of what they're doing.

I don't know why some people discourage newcomers from trading, not just Bitcoin but other financial assets as well.

Instead, they should offer education (although they might not know how to trade themselves). Newcomers can learn about financial assets and what drives them. Understanding psychology (especially mindset) is crucial. After that, they can practice on a demo account to find the best strategy that suits their style. Keeping a trade journal is essential. Once they've established an edge, they can try their hand in the live market.

Trading is a business.

 Just like every other businesses or investments there’s what we call profit and loss. Business is about profit and loss. We learn and grow from our losses same way we try to be better in our profits, investing in  bitcoin is no exception. Even the gurus of the bitcoin community experience losses too cause  no one is bigger than losing. Just like the OP has said everyone should be given the chance to explore their options and idea in the bitcoin community. Thank God for the internet and YouTube one can acquire so much information and knowledge about bitcoin with just doing their research, we also have classes you can sign up for to better your knowledge in the community.
 Before investing into any business or project, one needs to consider the risk associated with investing in such business, same thing applies to investing in bitcoin they are risk to be taken while in the bitcoin community. That is why it is proper to be enlighten to know how you can manage your risk tolerance. With constant learning and practice a newbie can turn into a professional. Bitcoin learning is open and accessible for anyone who is interested. Due to the popular demand of Bitcoin in the society, it is an life changing opportunity if you know what you’re doing.

I don't think this forum discourages newbies to trade bitcoin. It is definitely good for us if the elder brothers who are in this forum answer anything positively. In order to trade bitcoins, he must acquire knowledge about bitcoins, otherwise he cannot trade bitcoins. There are many newbies who trade in bitcoins to make money and they are in too much of a hurry due to which they face losses in bitcoins. Newbies who want to trade bitcoin should spend some time and be successful in bitcoin trading with patience.

Bitcoin adoption for newcomers as a cryptocurrency or savings is different compared to bitcoin trading for newbies which has an elevated stake in losing their money. That's why experienced people who had been defeated in trading are trying to warn layman not to repeat the same missteps

Well, as long as they will listen, then they will be going on the right path. Unfortunately, most of them move in a different direction and commit mistakes and I think, giving them the right advice doesn't work with them. Maybe I was wrong but the reason why most newbies fail to invest in Bitcoin is because they don't have trust and lack of confidence. Often they commit mistakes because they are not sure about their doings. I'm not is a piece of discouraging but a sort of giving them a warning and helping them avoid it as it is very important that they know the consequences of investing in Bitcoin.

You just have to ask yourself if it is a bad option to "discourage" someone from making some reckless move, or if we should act like some kind of promoters of Bitcoin, regardless of the fact that in this way we can create not only financial but also various other problems for someone?

People who can't define what Bitcoin is, who can't safely create safe storage or a digital wallet by themselves and people who think that they will get rich overnight with $100 invested should definitely be "discouraged" not to invest in Bitcoin.

An acquaintance of mine asked me a few years ago if it makes sense to invest in Bitcoin, and I answered that it does make sense, but only for people who have an eye for details and the world around them.

Namely, the man (as far as I know) suffered the robbery of his car twice and both times he paid the fine because it was found that he left the car unlocked - otherwise he behaves very irresponsibly in life and I can only imagine how his investment in BTC would end up. The fact that I "discouraged" him is not a bad thing, I did him a great favor.

It's the same here on the forum where there are a lot of confused people, and they shouldn't be encouraged to invest in something so risky and volatile until they learn some things and become responsible people.

This is a public forum and you shouldn't expect everyone to share the same view with you or give you a positive support whenever you ask for advice. Also, I think some of the discouragement from established members was done with good intentions. Most newbies have not suffered loss of any kind, they are often times driven crazy by the idea of making quick money. Just as some of them ends up investing on pump and dump projects without proper knowledge and research, some also are lured into trading without knowing the fundamentals of trading.

Yes, it's likely that he's taken out of context about the warnings that's been said to the newbies. The actuality of trading isn't really for the new ones without experience but no one stops the beginners to test on their own and gain experience from it. While the results aren't really favorable for them, it's given as a tip that they should be prepared for any potential loss which is typical for the new ones. It is a common ground for trading and newbies that they're likely to lose with their very first trades.

Exactly, it's just taken oppositely and misunderstood with what he read for those tips that seem to be discouraging the newbies but it's not all about letting them stop wholly because whether someone stops you or not. This is a free market and everyone can enter freely whether it's for trading or holding. You choose what's easy and hard for you.

OP you said it very nicely. In fact, it's not that experienced people give bad advice or scare newbies.  When it comes to real bitcoin trading what experienced people tell newbies is right but in some cases newbies get it wrong. Experienced people know that Bitcoin trading is not easy but beginners find it easy. Experienced people know that there are many strategies in trading platform, a newbie doesn't know all these strategies in the initial stage. All these experiences have to be gained by spending long hours on the trading platform. But what Op said here should not be discarded, in some cases it is seen that newbies like us are always scared a little. They don't want to teach newbies like us. Here I am not blaming the experienced people what they do is always for our good. But I humbly request experienced people to teach us something good so that we can acknowledge their benefits throughout our lives.

People try to combine holding Bitcoin and trading, because investing alone will not provide the necessary funds for subsistence, this will be the case if trading is perceived as a source of income. I mean that this is possible when a person has already studied trading well and he sees that over a long period he can make money from it. In this case, you can try to support yourself by trading, and the main portfolio will be on hold and wait for its time. In this case, we are not talking about a beginner who is just learning trading and wants to quit his job to try to make trading his main source of income, because this is almost impossible to achieve in the very beginning.

From you explaining people aren't discouraging people from Bitcoin but from trading, those are two different things. People are discouraging because trading is a risky business and when you're not successful at it, it'll make your interest in Bitcoin keep on depreciating because you're not getting success in what you initially pick interest in which is trading. But when you pick interest in investing, you won't be discourage to make you want to leave the market and that's why I see people giving encouragement on. They discourage trading but encourage Bitcoin investment. They aren't lying when they say Bitcoin trading isn't for newbie because when you enter the market inexperienced and unprepared, you'll not get the results you envisioned. It's better you have gained some experience before you start trading or better still just keep investing in Bitcoin.


The encouragement should be about investing in Bitcoin not trading, trading can be profitable but not as much as holding because when you consider other side effects of trading especially when the trader isn't matured in the market, it's better they HODL then trade. Trading can give you the mindset of quick money which isn't something you should be having if you want to make big profits from Bitcoin. Bitcoin is more profitable when you hold as those who were here before you will tell you, that's why they always advice the newbies to accumulate Bitcoin instead of trading for short term gains. The community grows better when we have a Hodling mentality and not when everyone wants to trade Bitcoin to make quick money, it'll actually make the market more unstable.

I think you're taking it out of context. Nobody just outrightly tells people that "Bitcoin is not for newbies". Instead, they tell them that it takes a lot of skills and they have to learn.
As a newbie, just getting into Bitcoin and starting trading without any knowledge of trading is like nose-diving from a high heel. It would certainly end badly.

So what they are trying to say is that as a newbie you should learn first before trading. It's not just for newbies but everybody. Before you go into anything at all try and learn first.

Bitcoin trading is not for beginners, at least for people who don't know much about market analysis so they can enter the market on time.
Most people follow the signals they get from trading groups on Telegram or WhatsApp so they don't learn anything and just hope to profit from those signals.
And that's what we don't recommend because by relying on signals from other people, they don't learn anything and won't be able to make a profit.
But if they want to learn about trading including analysis and others, we will suggest what they need to learn and not hinder it, as you said.
We don't want them to trade because they get signals. After all, that doesn't educate someone to be able to develop and have the ability to analyze market conditions.
In this forum, they can ask for advice on what they need to learn to trade and I'm sure other friends will provide advice based on their experience so that beginners can learn well one by one.

First of all ,  the forums here you can see,  everyone has a right to give his own ideas,  and if a person gives somone an idea or tell him about something,  it doesn't mean he 100% have to do it. And another thing about the forum is you can also give someone an idea about bitcoin ,  or any nother thing he asks you. If someone is only giving you good talks about the bitcoin,   how could you know the bad effect or the bad sight of its trading,  and everything has some good sight with having bad too.

As you mentioned that people telling you bitcoin is not for newbies,  they didn't even mean that newbies can't trade,  they means that you should learn something about the tradin,  because better late than never,  so you will be took care of loss from the very start. And your trading will be smooth.