Trading vs HODL - Personal Experience for Newbies

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Quote from: ImThour on November 06, 2023, 12:03:06 PM

Hi everyone,

Bitcoin price is going up, resistances are being converted into supports. I want to share my advice and personal experience with beginners and newbies on this forum and explain what is good for them in the long term. If you are an experienced member/trader, take it lightly.

Alright, Newbie, I will start without wasting your time. Bitcoin Trading will never be profitable in the long term as compared to HODL.
You will never win or become a millionaire if you decide to take leverage, use Future Trading, or even Spot Trading. You can never catch every move perfectly.

If you are new and making a profit, that's called beginner's luck. That doesn't mean shit and no, you do not LEAVE your job to become a full-time trader.
Always collect Bitcoin, Spend at least 20% of your savings on collecting sats.

And once again, Leverage is your biggest enemy. Even 2x leverage is dangerous.
Bitcoin Halving is approaching, I would suggest all of you focus on buying more, avoiding selling, as these prices will never come in the future.

All the best! <3

Many advisors out there has really ruined the lives of many newbies, or will i say influencers with the wrong advice they do put out there for them, I believe many newbies that will come across this post will get to know this LINE: you do not LEAVE your job to become a full-time trader.

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Newbie investors are the ones who've got to be patient after they've made their first bitcoin buy. If they see the price fall below the amount they've paid they shouldn't let FUD scare them to sell. If ppl have patience they'll probably make profits but it won't come immediately so they've got to hodl. If whales dump or pump it's going to shake the market so newbies are going to stay alerted.

Investors who've traded with their portfolio profits spread losses but it doesn't guarantee they'll see returns.

Quote from: Bushdark on November 24, 2023, 01:09:28 PM

We should always learn to hold especially when we have not really learn how to trade in the market.
The crypto market is big enough so we don't have to rush things just because we want to make profits from the market.
Cryptocurrency trading is very profitable for those that knows how to trade and manipulate the market for them to make profits from it. Juts like the whale that do have large holdings of Bitcoin and other altcoins they wished to have in the portfolio, it is also easy for the to pump and dump any market of their choice.

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Quote from: Bitcoin_people on November 23, 2023, 10:00:31 PM

New users who are in this forum always expect more profit in short time and decide to trade. But if newbies plan to trade at this time then I think it will be totally their mistake and chances of losing money are high and risky. Bitcoin price is continuously increasing than before and Bitcoin position is going well so if a user is trading expecting high profit for short term then I think it will not be good for him at all. But if the newbies make their plans and decisions for the long term, they can definitely profit. Also new users can't make profit if they invest and hold for short term and if they plan to do high leverage and futures trading then they can't become millionaires. Rather, to make high profit, good money is required and high risk to invest Bitcoin for a long period of time only then a new user's investment will be successful in the future.

If one is knowledgeable in trading and knows the market deeply, trading is always been a profitable than holding, according to calculation if the trade is always a successful one. Holding is like making your coins idle, they rely on the surge of the market, so if the market does not uptrend, one can not profit in their holdings and is wasting the possible profit that can be taken from successful trading.

We are lucky that Bitcoin even though highly volatile and plummets every time it breaks its ATH, its market keeps on repeating the cycle, reason why holders have a firm belief that they will profit by holding. I believe it is more appropriate to say that Hodl is safer than day trading than saying Holding is more profitable than trading because as far as I know, we cannot profit if we don't trade our holding coins.

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This is my take and my opinion on this matter...
As newbies, I suggest not engaging yet in trading but rather choosing to invest. Why? With the level of their market knowledge and familiarity, they are not ready enough to take such a risk and they don't need to force themselves for they will just end up losing their money and regrets. And that bad experience will affect their mindset and then start to doubt the market which then creates uncertainties and negativity.

Why choose to invest and hold -- because this is ideal for them. They can still learn to trade but before that, they also need to learn first how to be patient as this is very important in trading as well. Generally, it is all about preparing themselves for a higher risk and responsibility.

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Quote from: MegameSama on November 25, 2023, 10:52:50 PM

I really agree with you, if you want to win then become a hodl or long term investment, leave a percentage of your salary for bitcoin accumulation. I still remember buying my first bitcoin at $600++ when I was still in high school, so I didn't have enough money to buy a lot, but my biggest mistake was that I sold everything when it hit $900 lol. Yes, it's true that I used to be a weak hand lmao. one more thing and this is the most important, never approach or immediately run away from Leverage, Leverage will eat your money in just a matter of seconds.

Compared to other instruments, leveraged Bitcoin trading can provide the best bang for your buck over the shortest time period. but, what you said is not wrong and absolutely right, don't ever try it if you don't understand it at all because after all, leverage means that your potential losses may also be much higher.

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It depends on what one can do, or you find good at doing, then you dedicate your time to learning and becoming good at it.
Knowledge is indeed good to whatever thing we want to do. However, investment comes with a bit peace of mind when compared with trading, even though both involves some kind amount of risk. For me, I do investment and as well do trading, basically using trading to back up until the time when my investment gets mature and this puts me at peace of mind and have patient enough to reach or hit my investment target.

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Quote from: Litzki1990 on November 16, 2023, 08:03:04 AM

Investment always seems safe to me as investment is planned for long term. In the beginning a person should focus on investments first. If the new member concentrates on investing in the beginning then he can get a rough understanding of trading as well as investment so that he can invest and trade with a long term plan.

Both investment and trading require knowledge before starting them, but investment is not that much or time-wasting when compared to trading since investment is all about how to secure your investment, wallet to save them, and so on. However, if a newbie decides to trade without knowledge, then he is definitely at higher risk than people trading with knowledge because he will not get anything from trading. So you are right, and investment is the best for newcomers. They can learn the technical and fundamentals of trading when they have already invested in bitcoin. If they invest and plan for a long-term investment, they will get what they want, then later plan for trading. As people say, trading is not for newbies.

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I really agree with you, if you want to win then become a hodl or long term investment, leave a percentage of your salary for bitcoin accumulation. I still remember buying my first bitcoin at $600++ when I was still in high school, so I didn't have enough money to buy a lot, but my biggest mistake was that I sold everything when it hit $900 lol. Yes, it's true that I used to be a weak hand lmao. one more thing and this is the most important, never approach or immediately run away from Leverage, Leverage will eat your money in just a matter of seconds.

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Quote from: arabspaceship123 on November 24, 2023, 07:30:20 AM

Newbies shouldn't buy bitcoins unless they've got a loss strategy. It's the prospect of making a profit in short time which's bringing newbies to bitcoin. You've been precise because when they don't know what they're doing they'll make mistakes.

If it's easy to invest in bitcoin for short time profits the world would've done it so newbies shouldn't believe it.

Quote from: Bitcoin_people on November 23, 2023, 10:00:31 PM

New users who are in this forum always expect more profit in short time and decide to trade. But if newbies plan to trade at this time then I think it will be totally their mistake and chances of losing money are high and risky.

We should always learn to hold especially when we have not really learn how to trade in the market.
The crypto market is big enough so we don't have to rush things just because we want to make profits from the market.
Cryptocurrency trading is very profitable for those that knows how to trade and manipulate the market for them to make profits from it. Juts like the whale that do have large holdings of Bitcoin and other altcoins they wished to have in the portfolio, it is also easy for the to pump and dump any market of their choice.

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Quote from: ImThour on November 06, 2023, 12:03:06 PM

Hi everyone,

Bitcoin price is going up, resistances are being converted into supports. I want to share my advice and personal experience with beginners and newbies on this forum and explain what is good for them in the long term. If you are an experienced member/trader, take it lightly.

Alright, Newbie, I will start without wasting your time. Bitcoin Trading will never be profitable in the long term as compared to HODL.
You will never win or become a millionaire if you decide to take leverage, use Future Trading, or even Spot Trading. You can never catch every move perfectly.

If you are new and making a profit, that's called beginner's luck. That doesn't mean shit and no, you do not LEAVE your job to become a full-time trader.
Always collect Bitcoin, Spend at least 20% of your savings on collecting sats.

And once again, Leverage is your biggest enemy. Even 2x leverage is dangerous.
Bitcoin Halving is approaching, I would suggest all of you focus on buying more, avoiding selling, as these prices will never come in the future.

All the best! <3

You don't have to compare bitcoin hodling and trading as you can do them both if you are an experienced trader and as an investor as well. Yes, trading has definitely more risks than long term hodling, but you know the profits for trading are obviously bigger and faster to achieve if you are a good trader. However, if you can't trade and don't even know the basics of trading and is very fearful on losses, then settle on long term hodling and wait for the perfect time to sell and reap profits.

But if you want to maximize your profits and would never want to miss opportunities that the crypto market has to offer, then encourage yourself to learn about trading but always trade on an amount that you can afford to lose, and never expect only pure profits but losses as well.

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Quote from: Bitcoin_people on November 23, 2023, 10:00:31 PM

New users who are in this forum always expect more profit in short time and decide to trade. But if newbies plan to trade at this time then I think it will be totally their mistake and chances of losing money are high and risky. Bitcoin price is continuously increasing than before and Bitcoin position is going well so if a user is trading expecting high profit for short term then I think it will not be good for him at all. But if the newbies make their plans and decisions for the long term, they can definitely profit. Also new users can't make profit if they invest and hold for short term and if they plan to do high leverage and futures trading then they can't become millionaires. Rather, to make high profit, good money is required and high risk to invest Bitcoin for a long period of time only then a new user's investment will be successful in the future.

Being a newbies before we do anything then we must know first about investing we need to study first cause once we have already a knowledge then one thing for sure we can be a successful, and about what you've said above mate yes you are right that some short term investment can give us a good profit but not that huge unlike for long-term that it will help us to be
come a successful and good one. Also holding is a good option when we are learning.

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Newbies shouldn't buy bitcoins unless they've got a loss strategy. It's the prospect of making a profit in short time which's bringing newbies to bitcoin. You've been precise because when they don't know what they're doing they'll make mistakes.

If it's easy to invest in bitcoin for short time profits the world would've done it so newbies shouldn't believe it.

Quote from: Bitcoin_people on November 23, 2023, 10:00:31 PM

New users who are in this forum always expect more profit in short time and decide to trade. But if newbies plan to trade at this time then I think it will be totally their mistake and chances of losing money are high and risky.

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New users who are in this forum always expect more profit in short time and decide to trade. But if newbies plan to trade at this time then I think it will be totally their mistake and chances of losing money are high and risky. Bitcoin price is continuously increasing than before and Bitcoin position is going well so if a user is trading expecting high profit for short term then I think it will not be good for him at all. But if the newbies make their plans and decisions for the long term, they can definitely profit. Also new users can't make profit if they invest and hold for short term and if they plan to do high leverage and futures trading then they can't become millionaires. Rather, to make high profit, good money is required and high risk to invest Bitcoin for a long period of time only then a new user's investment will be successful in the future.

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Quote from: kentrolla on November 19, 2023, 02:40:24 PM

I am not a newbie as you see from profile but I feel like this topic is literally describing what I have been through and yes I agree that hodling is the king when it comes to Bitcoin just like how leverages are enemy for Bitcoin it's vice versa for Altcoins wherein Hodling is enemy when it comes to most of the Altcoins except the top ones. I have lost a huge sum of amount in future trading and got into debt and thankfully I am out of it now but hodling Bitcoin has given me guaranteed profit and the problem with newbie is that they want to become rich overnight and this indulge into Altcoin trading or future trading and end up losing.

I can't buy Bitcoin because I don't have enough after my expenses but if I could I wouldn't be able to hodl. There's ppl out there who can't hodl in the hope they're going to make a profit.

In some cases short sales are the only option for investors if they're trying to make a quick smaller profit so that's when newbies want to become rich overnight

I wish I could've held bitcoin when it was cheap because it would've changed my life. I can't go back so now I'm trying to make money by stacking sats & offering web dev services for crypto.

Quote from: Peanutswar on November 10, 2023, 09:48:30 AM

Your profit is not yet considered as profit unless you made a withdrawal of your position or sold your asset still it's an unrealized profit or loss. Make a plan and strategy how you will gain profit again for the upcoming halving like you will hold for a long term again or ride with the market.

Investors profit isn't considered profit until they've bagged the cash so what's going to happen to ppl if they're expecting to sell for double profits after halving but it takes 2 years for the next ATH? Some won't be able to hodl so they'll have to make a decision knowing they'll make a loss.

I'm sure ppl make plans or have strategies but when do they work in volatile conditions? The market's changing every day because FUD FOMO & bad stories like FTX don't help investors.

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Quote from: ImThour on November 06, 2023, 12:03:06 PM

Alright, Newbie, I will start without wasting your time. Bitcoin Trading will never be profitable in the long term as compared to HODL.
You will never win or become a millionaire if you decide to take leverage, use Future Trading, or even Spot Trading. You can never catch every move perfectly.

Yeah, obviously, boss, beyond any doubt, I totally agree with you that trading is far away from the goodness of hodling. I always say that the hodling strategy is much better and easier than trading. In trading strategy, buddy needs to do technical analysis as well as keep an eye on the fundamentals and do some more stuff that requires more effort, and you will always keep his eyes on the market, charts, volume, etc. It is a very difficult task to monitor all the activities simultaneously and stay active all the time. When there is no need for more work in Hodle, Just simply put your funds in a wallet, no neither need technical nor fundamental analysis, and sell out in the bull run when it is time to book profit.

Moreover, the hodle strategy is an easy strategy compared to trading, which is very effective, especially for newbies, from which they can easily earn profits even if they do not have much knowledge.

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Quote from: great12345 on November 22, 2023, 09:48:25 AM

The cryptocurrency market is very wide enough to make cool cash if you know the right way of making money in the cryptocurrency industries, which what I have been reading from people experience is better to buy Bitcoin and hold, while the session come sell it and make profits. Therefore going to trading as a newbie have to be ready to loose money, before you can make money in crypto trading.

Indeed the cryptocurrency is very wide but no matter how wide it is anyone involved in cryptocurrency really know the best coin they will deal with and earn, altcoin keep on deceiving newbies in times of quantity they received when the purchase the coin and give themself hope of coin that have total supply of over 100 billions to get to one dollar per coin, that is how they wasted their time HODLing rubbish, given reason that bitcoin is too costly that they can not afford it, it is not necessary to start with one bitcoin but we can buy it with any amount we have at that moment, since we are not trading it, then buying should be continues process so that we can have more of if to HODL, this process is actually easy for us because we will not engaged our personal savings into it, just some percentage from our earned that can not affect our expenses. To win in cryptocurrency especially newbies HODLing is the way.

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Quote from: great12345 on November 22, 2023, 09:48:25 AM

The cryptocurrency market is very wide enough to make cool cash if you know the right way of making money in the cryptocurrency industries, which what I have been reading from people experience is better to buy Bitcoin and hold, while the session come sell it and make profits. Therefore going to trading as a newbie have to be ready to loose money, before you can make money in crypto trading.

I have noticed one thing in crypto that the greater portfolio a person have the easily he can hold, but if some person have a low portfolio the holding is very difficult for him. And in this way the day trading would be a better choice for the person. If not he could also start trading and buying for a long term and hold it but in a way that the should start with some small amount to hold. Because even if he have low money how could he hold that even he needs that money in the daily needs and also he would need that money at his home for his needs.
But also we should listen to the better traders that who are good at trading if they are giving us an opinion to not hold then we can go with it as it is not necessary but that can give us benefit may be in the long run.

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Quote from: great12345 on November 22, 2023, 09:48:25 AM

The cryptocurrency market is very wide enough to make cool cash if you know the right way of making money in the cryptocurrency industries, which what I have been reading from people experience is better to buy Bitcoin and hold, while the session come sell it and make profits. Therefore going to trading as a newbie have to be ready to loose money, before you can make money in crypto trading.

Whatever field you are new to, if you jump into it without experience, you are at a higher risk of loss. It is very important for new people to have experience before going into trading, but experience can only improve if they start participating in trading. Bitcoin is good coin to invest and get good profit in future but apart from that there are good and top coins in the market in which you can earn good money by investing.

Along with investing in Bitcoin, one should invest in other altcoins as well, as they have a much higher rate of return. Altcoins have higher risks than Bitcoin, but you can risk small amounts to earn good returns. However, a well-timed entry and good selection can minimize our risk.

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The cryptocurrency market is very wide enough to make cool cash if you know the right way of making money in the cryptocurrency industries, which what I have been reading from people experience is better to buy Bitcoin and hold, while the session come sell it and make profits. Therefore going to trading as a newbie have to be ready to loose money, before you can make money in crypto trading.

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Quote from: 2Pizza410000BTC on November 22, 2023, 02:28:15 AM

Thanks sir, you have very nicely advised the newbies. I think every newbie should avoid trading. Trading is one thing where once you enter you cannot get out. Especially if I talk about future trading platform then I can compare this future trading platform with gambling platform. Just like gambling platforms lose your funds and never get them back, you never get your funds back if you lose trading on futures trading platforms. So I would say to every new trader if you want to start trading it is a wrong decision for you invest in bitcoin you will be very successful and your fund will grow. I joined the trading platform as a newbie and still have losses in my trading.

Seems like personal experience. but that's good because this will be a consideration for those who are new, even though there are also those who are still weird about choosing coins that have just been campaigned for on the BTT forum.

The BTC challenge recently has really attracted attention, but the problem is that currently the problem is that the fees are already expensive for the same as ETH and in my heart I ask when will this fee war end on the BTC network? just curious.

Topic: Trading vs HODL - Personal Experience for Newbies (Read 752 times)