Trading vs HODL - Personal Experience for Newbies - page 3.

Agbamoni

sr. member

Activity: 546

Merit: 450

Fine by Time

Quote from: Luzin on November 13, 2023, 06:40:55 AM

Quote from: 348Judah on November 13, 2023, 05:58:00 AM

That's true, how can someone think of making an investment all of a sudden without having any experience in it, trading could be a way of having a profitable investment but we cannot just embark on it like that without having any practical or technical how to do, this is the first thing that is expected of every newbies to allow time proof itself on them by learning to get ready before starting anything.

But I started directly from a friend and made a deposit on the exchange around 40$. Not suicide, but I was prepared for the loss of those funds. Even in the past I didn't know demo account, I just learned directly to buy and sell then self-taught about the problem of Analysis. So I directly practice in exchange using small funds.
After understanding then you will feel comfortable trading.
I understand the meaning of trading is trading and in it there is a way of holding. If you mean trading is short-term trading and hold is long-term then you should do both. Because I did that.

Your friend have knowledge on Bitcoin investment or trading that is why you were comfortable enough to entrust your 40$. You can't tell me you would deposit your money in an exchange just to play with it there or gamble it. However, it is your decision which is suside, but as you said the money you used was something you could just forget, which means you were willing to profit or loss and you don't really care about the outcome then.

By now I believe your perception is different. You know what is right to do and how to approach investment. Because I know if you have a friend or brother you want to introduce to Bitcoin you won't advised him/her to start the same way you started, you now have a better option for them.

Bushdark

sr. member

Activity: 1008

Merit: 262

20BET - Premium Casino & Sportsbook

Quote from: AakZaki on November 14, 2023, 01:50:29 PM

Quote from: bangjoe on November 13, 2023, 07:32:27 AM

In fact, I see that most professional crypto traders resulting from their trading profits are collecting bitcoin, and especially now the Bitcoin trend has strengthened due to Halving, so it's more aik for beginners is to try to collect bitcoin first than trading.

If you want to learn trade, I think for beginners it is better to use 5% of the money deposited to the exchange to make trading, and it is also not good for a beginner to be active traders every day because it will only waste money, make a few moments for Learn trading and also use the smallest leverage that you can do so that your mental conditions run well, when everything does not match your calculations.
Beginners are very vulnerable to mistakes, so understand first before making a large risk.

Accumulating bitcoins gradually is the best strategy for both beginners and professionals. Because buying in stages will be very good for the long term. No emotions, no stressful moments and other negative things. The important thing is that there is a target to be achieved in the future.
Beginners don't necessarily trade every day, they just need to learn how to trade and yes 5% of the money can be used for trading so they can practice and understand how trading happens. This will shape their mentality to be better prepared for the crypto market.

There are many ways we can accumulate bitcoin whether by staking or buying more holdings. Bitcoin is meant to be kept so that we can make some good profits from the market. Since it is certain that the bull market is loading gradually, it is very important for us to make plans and get ready for the bull market that is coming in months time. We can trade Bitcoin if we have the skill and understand how the Bitcoin market works if not loses can be incurred and gbis can affect us if there is no way we can adjust and make a better decisions that would make us benefits from the market.

AakZaki

legendary

Activity: 2338

Merit: 1084

zknodes.org

Quote from: bangjoe on November 13, 2023, 07:32:27 AM

In fact, I see that most professional crypto traders resulting from their trading profits are collecting bitcoin, and especially now the Bitcoin trend has strengthened due to Halving, so it's more aik for beginners is to try to collect bitcoin first than trading.

If you want to learn trade, I think for beginners it is better to use 5% of the money deposited to the exchange to make trading, and it is also not good for a beginner to be active traders every day because it will only waste money, make a few moments for Learn trading and also use the smallest leverage that you can do so that your mental conditions run well, when everything does not match your calculations.
Beginners are very vulnerable to mistakes, so understand first before making a large risk.

Accumulating bitcoins gradually is the best strategy for both beginners and professionals. Because buying in stages will be very good for the long term. No emotions, no stressful moments and other negative things. The important thing is that there is a target to be achieved in the future.
Beginners don't necessarily trade every day, they just need to learn how to trade and yes 5% of the money can be used for trading so they can practice and understand how trading happens. This will shape their mentality to be better prepared for the crypto market.

BitDane

sr. member

Activity: 1372

Merit: 348

This is for newbies, so yeah I agree with @OP, if we are new to the market, we will never have 100% success in trading so hodl is the best choice for us newbies and sell them at a profit. (still we need to trade to realize our profit)

Quote

Bitcoin Trading will never be profitable in the long term as compared to HODL.

But for the seasoned traders this statement is a myth. Trading in computation is way more profitable than just holding our Bitcoins. We do not need to do day trade to say we are trading. Trading is simply buying and selling regardless of the frequency or time frame, every time we buy and sell our holdings we do trade. Even selling after a long hold is called trading, IMO.

In reality, you will never realize your profit if you just hodl. you need to do trade in order to make profit by selling your holdings when profit is seen.

Kelward

sr. member

Activity: 630

Merit: 352

Quote from: Ruttoshi on November 10, 2023, 10:01:49 AM

You are very correct OP, trading is like chasing peanuts when there is a bigger profit ahead of you, if only you could be patient and hodli your bitcoin. At this time like OP said, is a time for us to buy keep on stashing our bitcoin portfolio through DCA and wait till the bull run, instead of thinking on how to sell now and miss out in the bull run. Don't make decisions that will bring regrets in the nearest future.

Don't be deceived that you can use trading to increase your bitcoin because, you will end up losing it. Hodli is the road to success in your bitcoin journey as a beginner and even an old bitcoiner. Just see bitcoin as a normal investment that needs time to grow so that the profit will accumulate with the timeline of the investment and the size of it.

It's true, the advice is not just for beginners but for every member in this forum, even if you know the right thing to do, reminders won't hurt anybody. I agree very much that this is not the time to start chasing after a short time profit, its a time to see the bigger picture and embrace the long term which guarantees massive returns on investment. What's more interesting is that this long run is around the corner, halving, ATH then bull run, a long run has been cut short by nearness of time. Accumulate and hold bitcoin, till bull run, no need to for a none knowledgeable trader to take chances at accumulating bitcoin, through trading, the risk is much. To invest now carries very minimal risks, because price can slightly dump and pump, but the key is to focus on the coming bull run to cash in on huge profits.

Zlantann

legendary

Activity: 1064

Merit: 1101

Quote from: corrado25 on November 13, 2023, 03:48:29 AM

Well, it is clear that for a beginner to come to this market and immediately start trading it is suicide. But none of us can influence this process. There will always be such cases when a person learned about crypto currency and immediately started trading or even investing. There are risks here and there. Even Investing in BTC does not guarantee that you will earn. You think that BTC will always repeat cycles in which it updates ATH, but didn't you think that it would end someday?

Newbies that fail to learn before engaging in trading will make costly mistakes. The best option is for beginners to start with investing and gradually learn about trading. But focusing on only Bitcoin investment will reduce the risk compared to other cryptocurrencies this is why newbies are encouraged to start with it. Profit is not guaranteed in almost all investments but Bitcoin has better chances of being profitable especially if it is held for a long time.

Quote from: bangjoe on November 13, 2023, 07:32:27 AM

In fact, I see that most professional crypto traders resulting from their trading profits are collecting bitcoin, and especially now the Bitcoin trend has strengthened due to Halving, so it's more aik for beginners is to try to collect bitcoin first than trading.

I don't know why people prefer to start investing in Bitcoin when the price has started increasing. But they will be scared of buying Bitcoin during the bear period. The best time for newbies to invest in the sector is when the price is down but they wouldn't listen if you told them this truth last year. Now everybody is buying because of Fear of missing out and they might not get the best from such purchases.

bangjoe

hero member

Activity: 1400

Merit: 674

In fact, I see that most professional crypto traders resulting from their trading profits are collecting bitcoin, and especially now the Bitcoin trend has strengthened due to Halving, so it's more aik for beginners is to try to collect bitcoin first than trading.

If you want to learn trade, I think for beginners it is better to use 5% of the money deposited to the exchange to make trading, and it is also not good for a beginner to be active traders every day because it will only waste money, make a few moments for Learn trading and also use the smallest leverage that you can do so that your mental conditions run well, when everything does not match your calculations.
Beginners are very vulnerable to mistakes, so understand first before making a large risk.

Gladitorcomeback

hero member

Activity: 812

Merit: 619

Quote from: corrado25 on November 13, 2023, 03:48:29 AM

Well, it is clear that for a beginner to come to this market and immediately start trading it is suicide. But none of us can influence this process. There will always be such cases when a person learned about crypto currency and immediately started trading or even investing. There are risks here and there.

You are right but fortunately I made a very good profit in the beginning without any knowledge of trading. I am living in area where no one was aware of crypto. I started searching in Youtube for online earning. In the beginning I lost small amount in the Ponzi schemes but later I joined free crypto airdrops and used money for trading I earned from airdrops. I remembered that I made 4x in just few days and I was not aware of basic trading that time. Itall about luck but newbie should learned all technical skills of trading then enter into the trading world for low risk trading.

Quote from: corrado25 on November 13, 2023, 03:48:29 AM

Even Investing in BTC does not guarantee that you will earn. You think that BTC will always repeat cycles in which it updates ATH, but didn't you think that it would end someday?

If we follow your advice then there It will stop the ways of investment because every investment can turn out be loss. Even if we invest in gold, silver, real estate it is possible that it end someday so I am not agree with your this point. Whenever we invest our goal is to make a good profit but at the same time we want a secure and minimum risk in investment. Usually when the greater number of people take interest in any assets we can call it secure and Bitcoin is the coin adopted by many people, firms and high liquidity is the main reason we could say that it will not end like other coins .

Luzin

hero member

Activity: 1400

Merit: 770

Quote from: 348Judah on November 13, 2023, 05:58:00 AM

That's true, how can someone think of making an investment all of a sudden without having any experience in it, trading could be a way of having a profitable investment but we cannot just embark on it like that without having any practical or technical how to do, this is the first thing that is expected of every newbies to allow time proof itself on them by learning to get ready before starting anything.

But I started directly from a friend and made a deposit on the exchange around 40$. Not suicide, but I was prepared for the loss of those funds. Even in the past I didn't know demo account, I just learned directly to buy and sell then self-taught about the problem of Analysis. So I directly practice in exchange using small funds.
After understanding then you will feel comfortable trading.
I understand the meaning of trading is trading and in it there is a way of holding. If you mean trading is short-term trading and hold is long-term then you should do both. Because I did that.

348Judah

hero member

Activity: 714

Merit: 521

DGbet.fun - Crypto Sportsbook

Quote from: corrado25 on November 13, 2023, 03:48:29 AM

Well, it is clear that for a beginner to come to this market and immediately start trading it is suicide.

That's true, how can someone think of making an investment all of a sudden without having any experience in it, trading could be a way of having a profitable investment but we cannot just embark on it like that without having any practical or technical how to do, this is the first thing that is expected of every newbies to allow time proof itself on them by learning to get ready before starting anything.

They can make use of the faucets to learn and have a start from somewhere, then after getting some level of experience, they can also started small, using a little amount they can afford to loose to start up with trades till they have enough and satisfactory knowledge in trading before taking it more higher.

corrado25

full member

Activity: 794

Merit: 100

Well, it is clear that for a beginner to come to this market and immediately start trading it is suicide. But none of us can influence this process. There will always be such cases when a person learned about crypto currency and immediately started trading or even investing. There are risks here and there. Even Investing in BTC does not guarantee that you will earn. You think that BTC will always repeat cycles in which it updates ATH, but didn't you think that it would end someday?

BABY SHOES

sr. member

Activity: 294

Merit: 433

HODL - BTC

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.

That's what I think that trading is difficult to get long-term profits especially unskilled in trading then it is not the profit to get but will lose a lot because of taking high leverage so I have decided to stay HODL instead of trading in futures or spot.

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

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.

Sometimes beginners are always greedy when they get profits from their first trade, as a result increasing the trading capital for the sake of large profits again, it will be stuck later although I do not think that this is bad for beginners.
Yes I prefer to collect bitcoins from each allocation that has been determined, this will be much safer mentally than trading requires thoughts and pressure it will affect the psychology.

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

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.

Buy BTC with DCA or lumpsum method, but DCA is a simple way where one can do it easily.
It's just a matter of practicing patience and being consistent all the time before the rally comes.

Bd officer

sr. member

Activity: 602

Merit: 369

Betunlim|Welcome Bonus 100%|Upto 1000€

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

Thank you for the very good advice. Lots of useful advice for those new to cryptocurrency. Trading is never suitable for beginners because they cannot analyze the market properly. Trading is not for everyone, only professional traders can analyze the market properly and profit from trading. Of course investing is better than trading, it has less risk. The halving will be in 2024 so now is the perfect time to invest in Bitcoin. If one does not invest in Bitcoin now, the price of Bitcoin today at $37k may not come to this price in the future and those who do not invest in Bitcoin now, will miss out on this price in the future. For example, Bitcoin had a very low price in 2010-1015 that many of us miss. It may also happen in the future that the price of Bitcoin may not fall below 100k. However, everyone should choose Bitcoin this time.

sunsilk

hero member

Activity: 3038

Merit: 634

Quote from: Patrol69 on November 10, 2023, 11:19:11 PM

Investing and trading is somewhat risky for every new investor or trader. Initially, an investor or trader does not have a complete understanding of these issues, due to which newbies make more mistakes in investing and trading. In the first instance new members need to get training and practical idea about investment first. Beginners need to use small amount of money first to get real idea. When they can get a fairly realistic idea of trading and investing with a small amount of money, they can start their main investment or trading. But in the beginning if one goes for direct investment or trading then they will not be able to do any good from their trading. So every trader and investor should get enough ideas and practical experience in the beginning.

IMHO, when someone invests he already takes it as something risky even before doing it. And someone who doesn't have knowledge upon doing so is actually a risk taker. But do they know that they can minimize the risk that before doing an investment, researching is going to give them an upperhand.

Just to make sure that your hard earned money will be used properly and wisely, those that invests without prior knowledge are truly taking the top risk.

And relating that to Bitcoin and trading, many of them doesn't mind going to the point of trading as soon as possible because of misbelief that they can make easy money there which is truly wrong and doesn't make sense.

OP is right. Let them experience how this market butchers those that are unprepared so they will see the importance of holding and winning.

AprilioMP

sr. member

Activity: 616

Merit: 442

Forum Only For Fun

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.

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.

Useful advice before trading to look great in the environment of being a trader.
The intention to experiment with trading was still there, but stopped because I was not brave enough to accept the risk even though an account on one of the well-known exchanges had been registered but I had never used it after completing the KYC process.

Enjoying every process that occurs with hold is an activity that I am currently doing while trying to study price charts and compare them with various events that have occurred that have caused prices to rise. Having never experienced Bitcoin's price reaching its highest, maybe my goal now is to experience Bitcoin reaching its highest price.

If I trade the Bitcoin that I currently have, two options will occur to me. The first option, I will make a profit, but that is just my luck. The second option, I let my Bitcoin decrease and cannot make a profit when Bitcoin reaches its highest price even though if I trade at the current price it is already profitable.

Shamm

sr. member

Activity: 1148

Merit: 346

Quote from: bhadz on November 10, 2023, 06:42:34 PM

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

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.

Someone has to say this for those beginners to realize that it's okay to trade but what's supreme? HOLDING. I have been seeing people trying to find jobs and having a hard find doing it and when they see success stories of traders that are flaunted on social media, they are quick to say; "Okay, then I'll just be a trader".
LOL, as if that's easy to happen, and by the way they're saying it. They do not recognize that every job is hard, and every source of income is hard except those who are doing it easily by fooling people. It's like trading or being a trader is a no-brainer choice for them. HODL and you'll see why everyone is telling this and it is timely, you'll undestand newbies why.

That is the big mistakes for a newbie cause when they heard a testimony of those influencers that they earn a lot of money through trading then those newbie who are greed to be rich then they will try without thinking the possible outcome and that is the reason why other newbies fall in to a trap and loss thier Money. So being a newbie in investment is too hard we need to study first before we engage in it. Anyways Holding a coin right now is a good idea cause in the near future we can get profit for sure.

Patrol69

sr. member

Activity: 686

Merit: 286

Investing and trading is somewhat risky for every new investor or trader. Initially, an investor or trader does not have a complete understanding of these issues, due to which newbies make more mistakes in investing and trading. In the first instance new members need to get training and practical idea about investment first. Beginners need to use small amount of money first to get real idea. When they can get a fairly realistic idea of trading and investing with a small amount of money, they can start their main investment or trading. But in the beginning if one goes for direct investment or trading then they will not be able to do any good from their trading. So every trader and investor should get enough ideas and practical experience in the beginning.

Poker Player

legendary

Activity: 1372

Merit: 2017

What surprises me about the OP is that he tends to do quite a bit of technical analysis, so I understand that he does some trading. Completely agree with what he says, in general trading is profitable only for a small percentage of traders with great knowledge, which you will not hear all those who insist on promoting it, and adding leverage is exponentially multiplying the chances of bankruptcy.

I agree with the message and I have said the same in similar threads of newbies asking about trading techniques and such: you would do better to use that money in buy and hold Bitcoin, what happens is that it is not so fancy and it is more boring.

BlackBoss_

sr. member

Activity: 602

Merit: 387

Rollbit is for you. Take $RLB token!

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

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.

It's hard to win against the market and market makers. Very scarce people can be winners in the market with trading but if you can hodl a good asset with good fundamentals like Bitcoin, you are a true investor and choose a right asset for investment, so with time, you will have profit.

(SSS) - A Sane and Simple bitcoin Savings plan

Investment with Dollar Cost Averaging is good and I know two websites that are helpful for simulation of DCA investment.
https://costavg.com/
https://dcabtc.com/

DCA can be applied for entries and exist like the above topic.

bhadz

hero member

Activity: 2646

Merit: 584

Payment Gateway Allows Recurring Payments

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

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.

Someone has to say this for those beginners to realize that it's okay to trade but what's supreme? HOLDING. I have been seeing people trying to find jobs and having a hard find doing it and when they see success stories of traders that are flaunted on social media, they are quick to say; "Okay, then I'll just be a trader".
LOL, as if that's easy to happen, and by the way they're saying it. They do not recognize that every job is hard, and every source of income is hard except those who are doing it easily by fooling people. It's like trading or being a trader is a no-brainer choice for them. HODL and you'll see why everyone is telling this and it is timely, you'll undestand newbies why.

Topic: Trading vs HODL - Personal Experience for Newbies - page 3. (Read 752 times)