Topic: Stop discouraging Newbies from Bitcoin... - page 9. (Read 1694 times)

That is the truth and no one can deny it.  Newbies in the industry often ends up in a loss in trading due to the lack of knowledge and learned experience from other traders.  This is also a reminder to newcomers that they must learn the curve of trading first before indulging themselves to trade.


Bitcoin is not only for trading and short term profit, Bitcoin is also for holding and long term investment, aside from it being a currency.  Members here are not discouraging any newbie to engage in Bitcoin investment and trading, they are just reminding the newbie to learn first before rushing into something risky and also giving them another option to profit.

It is true that no one immediately reaches the professional level because all professionals must start from beginner level.
Yes, you are right that Bitcoin trading is not only for those who are experts or only for someone who already has a lot of knowledge, but beginners who are just learning also have the right to try Bitcoin trading to give them some experience.

Supporting and advising every beginner would of course be a good thing to do, but we all know that this forum is a gathering place for various types of personalities, different cultures and habits that each member of the forum has, which of course we cannot control to always be supportive as what we want. Everyone has the right to express their opinions on this forum. My advice especially for all beginners, I recommend that you don't get discouraged easily.
For related problems, if there is someone or several people who try to discourage the enthusiasm and effort we put in, then just think of it as part of our mental training. We don't need to be dizzy and hurt or even just give up.
Having the nature of giving up easily or being easily hurt will not allow us to develop better. We must be able to use this as motivation to prove that we are capable and not like what someone says who discourages our enthusiasm and efforts.

Maybe they are trying to warn them that they cannot handle it financially.  

Jokes asides, Bitcoin trading is for newbies. Experienced people know it's utter bullshit.

Just notice who's commercialized it. Exchanges and broker firms. Literally in every YouTube channel of a millionaire-guru-claimed trader, there is a referral link. It's a genius hierarchical-based marketing move, which begins from centralized exchanges, flowing into those who're under the impression they're masters of some shit (AKA, gurus), and it ends up to newbies who have absolutely nothing to do with that.

I don't say that trading is fundamentally a scam. I'm referring solely to retail trading, which not surprisingly came up with the rise of centralized exchanges, as if suddenly laymen knew how to predict the future.

OP, you are misunderstanding the whole advice that is given to newbie not to trade. Some newbies thinks that bitcoin trading is a get rich quick scheme and they buy bitcoin because they want to go into trading which is not the right option for a newbie who does not understand the fundamental analysis and technical analysis and can't even read trading charts.

For you to start trading you need to learn a whole lot of it. This is why the forum members will say that it is better to buy bitcoin and hodli as an investment, rather than buying for trading which there is a high possibility that you will run at loss. The forum do advice newbies on the right step to take so that there will be no regrets when you engage yourself in activities that will make your lose your coins, like gambling and trading, because they are speaking from experience. A newbie without any experience wouldn't understand this.

It is better to save someone from great loss than to console him, but if you want to trade you can go ahead because it is your bitcoin but don't regret it when you run at loss. Only learn how to trade or trade with money that you can afford to lose because even professional traders run at loss too.

Bitcoin is not for everyone and but only for people who believe in bitcoin and can sacrifice their funds to invest, because so many people know about bitcoin and are rich but they don't like to buy bitcoin. This is how trading is not for everyone.

I don’t think I’ve seen anyone come out on the forum to say that out wide like, “Bitcoin isn’t for Newbies”.

Of course we all had a time to learn before we could even get the most basic of knowledge about Bitcoin or cryptocurrency as a whole. It’s also worthy of note that being a newbie on the forum doesn’t make someone new to cryptocurrency but, just the forum.

Hence, as a newbie to trading, it’s very much a bad idea to go live with hopes to gradually learn the basics from your failures. You might as well get discouraged by the process as, you could be met with a lot of loses than you can handle.

Other than going live and trade with your money, you ought yo take some time out yo study trading, practice on a demo field, develop a strategy and then you could think of going live based on the success of your demo sessions.

Sometimes those things as a Discouragement over the newbie idea in trading is not Discouragement some of them is an advice give to the newbies but they don't comprehend in such way, when you trade you notice that most of the people bringing up their suggestions knows better than some of the newbies because they have experienced some of the things that will lead someone who is novice in trading and someone who is not acquainted with trading, what I will encourage in this aspect of complain of suggestions rendered by people is to read up and also take corrections in what others suggest.

OP, It's not about discouraging or encourageing. It's about what's advisable what's the right thing. You can just come up & say I wanna be a trader. You have to have basics of trading. How it works, when one should trade, when one shouldn't, what should be avoided in trading etc. Nobody is discouraging. It's proper that newbies should learn before trading. You are right we have to start with something. Totally agree. But if you check statistics, those who trade without fully understanding the core concept end up loosing everything. So one should be prepared. My piece of advice would be, "Start from small, take a step forward, see how that works". If you are confident enough, then gradually increase the trading. But never ever only rely on trading. As I have seen many times, even a experienced trader sometimes losses. So, always have a plan B. Last but not least "Do your own research, when money is involved".

I need to address this accusation, sorry that I use the word accusation, I can recall few posts about crypto trading from newbies on this forum and I haven't seen any replies that says newbies should trade, they are warned about how risky trading is and some advice the newbies to buy and hold Bitcoin instead.

If you think that I am wrong, you can drop links to few replies that says that newbies should not trade,  I hope they will listen, because many people started as a trader in crypto space and they end up referring it, the truth is trading isn't for everyone, some people find it doable while to some it seems impossible to get.

One day your trading brings profits and another day you are in loss, I have seen guys that lost almost a million dollars to trading and he picked himself up and start from the scratch again until he become a professional, this journey isn't for everyone and when you see people warning newbies about the dangers of trading, it's a very good advice.

The forum members will always give you advice based on their experience or knowledge. It is up to the newbie to decide to take or reject the advice. I don't think anybody will stop you from making your own decision. That is why members will always tell you to do your own research before making your decision.

A newbie in the forum might not be a newcomer in the bitcoin space. Some newbies in the forum might already know about bitcoin trading. But when a newbie with no experience wants to engage in trading, there is need for members of the forum to warn him about the risk involved. Bitcoin trading shouldn't be the first stage for a newbie because it is very risky.

This is a forum and everyone has the right to give his view based on the questions. It is the responsibility of the original poster to choose the advice or comments he wants to accept or reject.

This is another thing that newcomers to the bitcointalk forum do not grasp because they mistakenly believed that trading was simple because all you have to do is buy and sell. They are unaware that there are factors to take into account, nevertheless. Describe them. of course, extensive trade experience, as, as others have noted here, you can't just rely on educated estimates.

Where do we now find a foundation? Naturally, by employing tool indicators—there are a lot of them—which each of us need be aware of when to use. However, traders disagree on this point because it is not a simple lesson.

Don't mind my words please, but after searching on Ninjastic, I did not find anyone saying --> Bitcoin trading is not for newbies. But I do realize that, those who must have warned someone to not trade in BTC or must have said that Bitcoin trading is not for newbies. This is because, those newbies, might be doing future trading or margin trading, in which there is a high risk of getting liquidated. And it's not that, every senior here bluntly said such words to discourage a newbie but that expert also shared their experience too.

I try my best to give suggestions and guidance to each and every member. Because during the process, I learned a lot of things myself.

The point is, newbies or legendries, if are given suggestions, warnings, and statements, then don't take them as discouraging ones, instead try to find the good part from it, that would help you. You are not depending on others, if you are so dependent on other words then crypto is not for you. (here I said it my self but there is a whole context to my statement).

I hope you are understanding my point.

I've noticed that in some posts but most of the members here are trying to encourage newbies when they seek help or more information on how to start their Bitcoin trading journey.

All of us here began with low knowledge initially, and as days went by, we gained experience and learned a lot of things. The same thing will happen to newbies in this forum and we should respect and encourage them rather than discouraging them. The only time a newbie's post receives negative responses is when the information they're asking for or the reviews are readily available on the internet and can be found with a simple search. Nevertheless we should support them and lend a helping hand at the beginning of their journey. )

Through the years I spent my time in this community, I never read such words and no one in his right mind will ever say that to someone who politely asks some questions regarding bitcoins. most users will actually answer those questions honestly with their concern especially when they want to prevent them from getting hacked or scammed, by giving them the necessary basic information about bitcoins. making this community the best of all others because when someone wanted to troll and answer differently, they are quickly exposed and the OP most likely ended up satisfied with the answers by the veteran members here.

Of course it's not right to discourage anyone about Bitcoin. But trading is different. Because he can lose his wealth in few days without experts and less knowledgeable people. But Bitcoin is a future asset that everyone has the right and need to know about.It is not right to discourage anyone in this regard. I think it is important to inform everyone about Bitcoin. So tell everyone to trade? I would discourage everyone on this.
Because to survive there, a lot of patience and knowledge is essential. Ja Kina is not among everyone. It is better to refrain from trading among those who do not have these.

Maybe some people discourage newbies, but most people advise newbies to invest in Bitcoin before they start trading in Bitcoin, and I think investing is easier for newbies than trading. Their purpose may be to protect newbies from harm rather than discouragement, because experienced people can also suffer losses in trade. For this reason, newbies can suffer more losses due to inexperience. However, we should encourage rather than discourage newbies, so that their interest in Bitcoin increases, and our discouragement does not drive them away from Bitcoin.

It is a fact that whenever a person is new in any field, he needs experience and knowledge. which he gets from experienced people, but still he may face losses in the early stage when he enters the field and this is where his real experience begins. No trader's experience is complete until he experiences losses as well as profits. Some may aim to explain trading to newbies so that they don't get lost in ignorance at first.

I disagree with your perspective. Short term trading can be dangerous but it is not equivalent to gambling. In fact, many people who have heavily invested in interday trading and are earning handsome profits from it. All sorts of investments carries a degree of their own risk. The higher the rewards the higher the risk.

Short term trading is well-suited to volatile market and crypto is perfect for that. It's fluctuating nature gives more opportunity than forex and stocks which seem slow in price movement. It comes with a high risk but if someone can master it, it can give them more profit than long term holding.

I don't think it discourages, it's more like giving advice to newbies not to trade carelessly. Because as you know that most of the newbies trade with the thought that they will be able to get a lambo from it overnight and with the seniors giving the statement that "trading is not for newbies" they hope that these newbies can be aware and learn more and prepare themselves first before jumping into trading directly.

There is no prohibition for beginners to trade - but they are only required to gain better knowledge before trading. You should be prepared for the fact that beginners do not have enough knowledge to trade - so it is normal that they ask you not to trade before you have mastered the knowledge of trading.

You can believe or not care what other people say about your desires - including trading. This means you can trade while learning even though people expect you to learn before trading - in fact only people who take risks are successful in trading. Don't be angry - sometimes you have to take your own path to success regardless of whether other people's advice is constructive or not.

Being observant is good.

And some, like me, discourage not only beginners from trading, but everyone they can. Because I think that this is no better than roulette and, in fact, is the same gambling. On the other side of the trading glass sits exactly the same “trader” who dreams of becoming a millionaire. It turns out that all traders “play” against each other and the result when everyone makes a profit is impossible. It's like a zero sum game. Only the casino exchanger wins, taking commissions from each transaction. I think trading is overrated.

I expressed my position on this matter and I know that many will not agree with this. Which point of view any reader of this forum should accept is a purely personal matter. Having alternative points of view is very useful in order to see the full (or close) picture.

Beginners are most likely to lose their deposits. Therefore, they are dissuaded. Think of it as a kind of caring. This will not stop those who want to trade. If you want to try the durability of your wallet your hand in this, then go ahead.

Nice statement.

I'll say more. We all live for the first time and no one has the right to teach others how to do it.

No, no and one more time no. No advice. If you want to learn trading, study everything yourself. Otherwise, it turns out that can’t dissuade him, but have to train him.

If a beginner is determined to engage in trading, then let him learn everything on his own and not expect that someone will teach him, inform him about the risks and how to avoid it.

Encouragement doesn't consist of complete mentoring of a newbie, and warnings to stay away from trading are not an attempt to discourage.

The trader's wallet is of concern only to its owner - let him do with it as he pleases. He had already been warned.

no one excludes beginners on this forum, everyone gives the best advice for beginners, and that is also given by everyone who is experienced in trading and they understand it, they just don't want beginners to experience negative effects from trading because if Experiencing errors in trading will result in losses incurred and have a negative effect on crypto itself