Topic: Trading vs HODL - Personal Experience for Newbies (Read 742 times)

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.

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.

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.

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. 

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

To many good events happened on bitcoin so for sure we can see more from it that's why its really better to accumulate from time to time so that we will not left behind on more possible price pump that possibly came in future. 20% is really  a good figure to use if this is extra money you can spend for investment since for sure once there are same like bullrun will happen to the market for sure we are lucky since we are saving while the price is cheap, unlike if we just wait and always missed out these good events on bitcoin history.

For now we can't really see the effect of hodling since bitcoin moves in unexpected manner but once we have patience also huge belief for more better future for sure that we can see more greater result for hodling than chosing to do day trading where we can only earn a chunk from it.

Thanks, it's a really great advices. My advice to newcomers is to go research Bitcoin's journey and learn about its cycles, particularly the 4-year halving ceremony. It's similar to a road map on when to buy more Bitcoin or cash out during peak times. Also, keep an eye on the Bitcoin Dominance Index, which indicates when Bitcoin is taking a break, signaling the start of the Altcoin season. IMHO, understanding these signs is the first step toward making wise decisions.

Yes Exactly Ricardo11 . Especially today. Discounts are back again, where we also have to be very clever at reading market conditions and news updates. BNB is also a good buy now. For the maximum, yes. As you said, there must be preparation and not to be left behind when the bull market comes.

But in my opinion buy more BTC in this moment.

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.

The ambition to make quick profits once you enter the world of trading cannot be avoided. but the HODL suggestion is the most correct. even if you use Future Trading, or even Spot Trading if you don't understand the methods and techniques, it's the same. If Hodl doesn't require special skills. The only skill is patience and waiting for the harvest to come, especially for me, BTC prices going up and down on the market are very normal, patience and not emotions just need to be improved.

we need to keep holding our Bitcoin so that we can earn more from the market. Those people who are found of buying and immediately selling their Bitcoin might miss out the bull trend that is loading. It is good when we exhibit the habit of planning for the future. There are people that have already bought Bitcoin at a lower price and waiting for the price of Bitcoin to skyrocket so that they can make reasonable profits from holding Bitcoin. We can also trade Bitcoin if we know how to go about it in a way that we could be making profits from the market even when holding.

We should buy more and more now, because we will never get this price back. Bitcoin price is moving towards ATH. It will only go up, once its value starts going up it will never go down. Don't ruin yourself by selling now. Because we may never get this golden opportunity again. So buy more and wait.

Direct to the point.
I'm just thinking that this advice are just for newbies out there because in general, you can get profit in trading still, but that would take time, experience, and money first before becoming an expert trader. All of the traders who are making money out of trading are all expert ones. Newbies will never win in the long run that's for sure.

When I was a newbie in trading, when I did make some profits, me quitting my day job is coming out in my mind at that time, and I'm already thinking of becoming a full-time trader at that time. Good thing I didn't quit immediately because one wrong entry made me lose almost all of my money. That's thru leverage. I guess it would be better to just collect Bitcoins, and just hold it until the bull run happens. Less risky, less stressful, but more time-consuming though.

You suggested Bitcoin, and although it's the best cryptocurrency to buy currently, I would suggest to the newbies to make a research on those top altcoins out there, and at least research on them as well.

As many people suggests this, the more the price of Bitcoins goes up as it increases the demand. More people will get hyped thus, will buy Bitcoins even more. Well, base on history, Bitcoin's price goes up a few months after the halving, and I'm not saying that it will happen in the future though, but there's a high chance that it might happen, so to sum it up, just focus on buying Bitcoin like what OP shared, and whatever happens, don't invest your money into something that you don't even know.

Trading is not right without experience and even market judgment analysis.But if you want to do trading, you have to keep in mind that there will be both profit and loss in trading.Emotion and patience are the most important in trading.No one can succeed in trading without emotion and patience.Different people do trading in different ways like future trading, spot trading. Not everyone can be a good trader so if you can't be a good trader then hold any coin for a long time.
I would say if you want a risk free holding then hold Bitcoin.Bitcoin is the best coin to hold for the long term.

Without getting experience and without knowing candlestick psychology you can't do trading you will faces losses. A long time meditation and proper dedication helps you to be a good trader. But before studying trading you have to take a medium type of capital which you can effort to lose. Then you have to start trading.
But if you don't want to risk your money then you must go for hodl. Because if you are a bitcoin investor if you hold it for long time there is not that much risk in your money after a time you will get profit. That is not risky as trading.
If you don't want to reach your money and want profit then I will say go for hodl not for training.

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. As investing is done in long term plan, if the value of a coin drops a bit then an investor is not too worried about that price but in trading it is different. Since the main objective of trading is to gain some amount of money in a short period of time trading at the wrong time can lead to loss of money and that's why a new member can get too excited seeing their losses so it is good for a newbie to know about investing in the beginning.

Even after a long study of the basics of trading, not everyone is able to further trade profitably. This is because not everyone can become a good trader, just as after training, not everyone becomes a good doctor. And if you don't have a special gift to become a good trader, you need to focus on holding.

There is every possibility of Bitcoin hitting the below price once more even again and again, that's it nature. There is no below stop at which the price can be predicted, let it not come to a shock that Bitcoin might dip to $18k on the next few days, may be it remains just unpredictable

Not all, many investors are naive, thinking that when they invest they will definitely get a profit from their investment , then after they will learn the truth the hardway.  This is also one of the reasons why there are weak hands among the investors.  They are not prepared for the bad scenario and panic when they experience one which resulted of selling their Bitcoin holding just to "minimize their losses".  But little that they know that Bitcoin has the ability to recover and even surpassed its ATH, it is that it does not happen overnight.


Yeah and they are the first one to buy during the peak and the first one to sell when the market become unfavorable.


Well, they can make money but not that easily.  Many of these newbies are enticed with huge profit and get hyped into investing  thinking that they will get profit if they just do trade.  I believe the misunderstanding are done by people who introduced Bitcoin but failed to remind the people about the risk and failed to inform them about how the Bitcoin market work.

I really love and appreciate this advise a lot, it was short, direct and precise. All informations were helpful and duly acknowledged. This is not just for newbies and for members who have now yet experienced the halving and are anticipating to see one coming soon. This is an advise to call on all Bitcoin enthusiasts to shy away from what will make them miss out on the big opportunity in bitcoin by swaying away with the enticing offer or good testimony from people who have or may not have benefited through trading give. Keep accumulating those sats, their is better fortune in it than trading.

 Newbies are not capable to trade in the market and expect sustainable profits just like professional traders. They don't have the skills and strategies that a good trader requires, and it needs a lot of exposure and experience in the market before you can say that you're good and profitable enough. So never stick with trading but focus on buying and long term hodling instead.

Bitcoin halving is nearly approaching and we have to maximize our bitcoin investment so we can also gain significant profits when we decide to sell. At least the risk with long term hodling is lesser, yet the profits are still huge and promising.

I like it when I see reputable members still advising the newbies especially about holding and it also pains me to realize that I really don’t have any reasonable holdings as a result of my health and I pray to get better so I can actually channel all these funds to accumulating more of bitcoin as I’m pretty sure that the year(s) to come will be amazing for those who choose to buy and holding now as holding has proven to be one of the best ways to profit from bitcoin with minimal risk.

I’ve been a major fan of trading especially the synthetic indices and as a newbie, no matter how profitable you might seem from the initial stages without proper training, the losses will always tend to be greater than the profits and 20%been set aside is a very fair %that should enable investors comfortably invest in bitcoin without much stress.

I know trading is no way comparable to HODL but why not do both if you can? Combining trading and HODLing will go a long way and make you some profits. I am aware of the risk involved in trading but this sounds like discouragement to those who are interested in trading. Newbies and beginners just have to be careful when involving themselves in trading and learn about what it takes to be a trader. After all even the hodl is not risk free and no guarantee. If you have trading experience, it will even earn you more bitcoin to hold because when you make profit from trading, you will use part of it to increase your portfolio.

However, it's not advisable to even think of trading if you can not bear the risk involved because eventually you can not survive the damages it will cause you financially and emotionally. You don't need to trade before you can hold bitcoin. Just buy and store in your wallet in which you have the private keys in your possession. Remember, your keys are your coin and any mistakes that make you to lose it, consider your coins are gone.

That would be the best solution for people can't afford to buy in bulk since buying gradually can potentially increase their volume to stake intended for holding and that would bring good result for them especially when certain hype regarding on bull run event will came since for sure all efforts for waiting to long will be rewarded at that time. Its also important that we have target set regarding on when to sell or what situation it will be so that we will have some basis on dropping decision if we are ready to take our profit and settle up for next round. Beginners might need to trade everyday since from that they can learn a lot and for sure once they experience how complex trading is for sure they can learn a lot of things that can help them to do better decision on their holdings or the trade they made.

Holding is for experience people since its really mentally stressful for a person doing that especially if he don't have experience to do so and seeing how market decline then he don't know what to do about it.

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.

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.

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.

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)

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.

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.

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.


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.

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.

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.


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 .

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.

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.

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?

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

How can you be so sure that there will no longer be such a price for Bitcoin? Or do you have a crystal ball? This is a cryptocurrency market and, accordingly, anything can happen here. Therefore, it should not be surprising that after a certain time, a dump of Bitcoin and the entire market may follow.

Indeed is like chasing peanut and also with the possibility of actually losing some of your capital in the course of doing this and that's why it's not advisable at all especially for newbie that are not well structured in this field of trading. I would always advice to go for a long term investment but although the fact is there that many people are lacking the patience and perseverance to actually do the HODL game so instead they tend to go for trading in order to add to their portfolio which is of very risk.

Bitcoin price is increasing day by day. The Bitcoin future is in for a surprise. Trading is always high risk, long term trading can be a risky move. HOLD in long term is the best way to get profitable money in future. Future trading or spot trading is like gambling to me. Instant millionaire and instantly sitting on the road. Bitcoin is the best option in the crypto world. Bitcoin is such a strong cryptocurrency, it has a missing value collection method and is tolerant of intrusions. Bitcoin halving is scheduled to happen in April next year so everyone should accumulate more bitcoins which will lead to a unique high in the future. Bitcoin market value crossed $37k today.

Trying to be smart with short-term investing to achieve good returns and then using it to buy more Bitcoin seems like a bright and amazing idea, but implementing it is the problem. Trading may or may not be profitable if you are a specialist and have experience. As for beginners, it is nothing more than luck.There are times when trading may be profitable, such as the year 2026, when the price fluctuates downward until it reaches the bottom.

This is quite harsh to say and a newbie trader will take it to mean that you are discouraging them entirely from trading when you are actually giving them a warning that is borne from experience. New people to bitcoins should not only think that they will be able to profit from trading bitcoins, holding bitcoins is also very profitable. Most newbies to bitcoins have a better chance to profit from just buying bitcoins and holding it than try to try out trading bitcoins on a trading platform.

Leverage is not at all recommended for the longer trades, consider a scenario in which the market is moving sideways and the funding rate is against your trade it really sucks, I use to analyze the market from all potential perspectives but I'm not a leveraged trader.

Also, I use to recommend my fellows and the new ones to never even think about the leverage because in my view when you are trading the portfolio/capital is your wicket and when you play for a long game the wicket plays an important role because a journey cant be flat but when you are holding the wicket you can make good total score and if you play recklessly without caring about the wicket the outcome won't be promising and that will be what we call full destruction and depressed senrio.

Yea this is definitely one of those times where people get a bit too greedy and try to ramp up leverage — ending up getting liquidated by temporary dumps.

This is the season to just sit on your hands and wait, ladies and gentlemen. If you really want to trade just to scratch the itch, play with 1% of your total portfolio.

I didn't get my first timer luck and I lost about 200$ to 300$ in my first bitcoin trade and since that day I have not traded because the way I lost the funds a surprise to me till now. Within a trickle of an eyes I lost the funds and empty the trading account and I abandoned the account till now. Trading is for instant earning of money and it is not good for long term.

Anything long term should go to an investment and instant earning should go to trading but before then you to master the app and the skills of trading if not you will just dash them your money. And also in the hodling process, you have to k ow that you must patient enough to read what you sow.

I will so say this in addition that what's the essence of taking a leverage position that one will be regretting later when things doesn't work as we thought, isn't holding not good enough to have patience with till another circle unfolds for the bitcoin market pump as we expect from next year halving, those that have been a long time holders will realizes what they least expect as a profit during this period than hastily taking a leverage position together with the risk involved.

A very good advice by Op but the irony of the matter is, newbies will always make the newbie mistakes, no matter how you advise or preach. Infact, there are hundreds of newbies who are yet to join the bitcoin bandwagon, they are patiently waiting for the bull run period when the price of bitcoin will be above $50k. By then, they will buy at once and hold, they won't know when to sell and the market will dump on them, by then bitcoin will become a scam to them. They will sell at lose and never return till another bull run happens.

As for newbie day traders, I was a victim. I learnt trading hastily during the last bull run, and due to the price movements, I was always on profits and I thought I had learnt how to trade. Not until the bear market came and many coins dumped on me. If you don't know how to trade, don't bother, just HODL.

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.

From the last era of ATH, people have always been active in the market they are oveehwljing with the profit they made and every price action of the market but after those times they are now quiet because you didn't see people keep posting with their profits because they are waiting for the opportunity or else they ignore the bitcoin yet because it's not profitable right now due to some circumstance and market sideways.

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.

Thank you for stressing the need to buy and hold Bitcoin now. I just commented about this in our local board urging them to use this time to invest wisely in Bitcoin. I guess we are thinking in the same direction. The coming years hold so much promises for those who embraced this amazing technology and actually make effort to hold. It will be somehow divastating for anyone not to have some Bitcoin when the price finally explodes to a high they never thought could be possible.

I love the conservative number of 20% you suggested to be invested in Bitcoin. We should be able to leave our normal lives after committing 20% of our capital into Bitcoin.

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