Topic: What your opinion? - page 9. (Read 1653 times)

if a person wants to make investment then it is not such risky as that of trading because for investment you should invest your money for longer time but in trading your money is on higher risk as you have less time to recover your money and make profit.

I don't say that investment has no risk but there is a greater possibility for investors to enhance their profit. Everybody today wants to make investment but to maximize a profit the selection of coins matters a lot. So I suggested that whenever a person start investment then he should begin investment in Bitcoin.

One other thing is that it is risky but if you invest in bitcoin for lengthy time time and invest little amount then your chances of enhancing money will be greater.

I remember with quote about high profit have high risk, many people not understand about the last words about risk when investing in Bitcoin and their mindset only earn profit as much possible. There are not only in cryptocurrency trading but also all trading or investment kinds have risk, but some trader or investor not ready when getting risk.

Doing research is most import before investing exactly in cryptocurrency coin, many scam coins and we need right choose for investing in coins have good fundamental and potential at the future. I think right not try invest money is not ready for getting risk, all investment or business have risk waiting for later and how smart we are manage with risk or loss.

It is also important to keep realistic goals when it comes to the amount of money we want to generate out of the markets, it is easy to think that you are going to earn 100x or another outrageous amount during the next bull market, but truth to be told even if a person could generate something like 5x to 10x then they will be doing great already, as the only ones that would complain about such profits are the ones that only invested a handful of dollars in this market and want to become millionaires while risking no significant capital in the process.

First know difference between trading and investment
Trading and investment are two different things there are many people thinking about that if they invest specific quantity of there money and want to come easy profits weekly or monthly
This is investment but the others hand if we think about trading this is very hard work you need to purchase very carefuly because it's market and it depends on news if anyone parchase some coin and they not checking market condition
Then he lost her assets
trading is not a game of children and also Investment is too easy then trading.

If you are aware with the risk and can pretty much handle it, you can feel free to start doing investment. There are so many rules before doing the investment such as only invest with the money you can afford to lose, doing some research before doing investment and the list will long etc etc. We can pretty much give you any information you want, but if you are not ready for the risk then why even bother. Not trying to let you down though.

Somehow a form of investment to other but they need to deep dive the technicalities of the market so that they can maximize their profits. If they don't have trading plan set on their trades its like they are hoping to earn by luck. But not other can afford to trade since they can't handle their emotions towards some certain condition this is why other choose to hold because this is safe thing to do especially for people who can afford to wait for the price to grow in next following years.

Well, as a newbie, your first step should be to educate yourself on what you are getting into. Make sure you have a thorough grasp of trading because, as other members have noted, it involves high risk and requires exceptional knowledge to survive. Before you start trading, I advise you to make sure your trading strategies and analysis are ideal. It won't be an easy journey, so be prepared for the worst and never let greed and emotion interfere. Start with a smaller amount and increase it as you gain experience in trading. only use money you can afford to lose.

We can only offer council but the best teacher is experience though.

I think ChatGPT can also solve the problem if the OP is just curious about good trades. AI can help him find answers, but of course there's no harm in getting helpful advice from the community.

I just think that without good plan trading is kinda hard. I mean trading has to be really complex because there will be a lot of things to prepare instead of just a budget. Mental readiness, knowledge and ability to understand the market are things that will support someone to make profit. Without all of them, trading is just gambling and profit is only expected because of the luck caused by price volatility.

Trading is not an investment, trading is the practice of trading in the short term to get the maximum profit from every price movement. and investment is holding some Bitcoins for the long term with a certain price target. You just have to choose whether you want to make short-term trades with faster profits or want to make long-term investments and possibly bigger profits. Live according to individual needs. If you buy and then hold onto it until a new All Time High it's good enough but you really have to hold off until that goal is reached.

I agree that it is highly recommended, but I also would like to suggest people to first take a step back and check what they are doing. Because otherwise they are not going to end up with a good return, and that will be a big trouble when the time comes.

If you take a step back and check what's going on, see the big picture first, then you would be doing a lot better. I personally believe that the best thing to do would be making sure that it is not going to be a rushed decision, if you buy bitcoin then that's great, but if you buy bitcoin without taking a look at anything else, just buy it for buying case, then it wouldn't be a good decision to make, and I would say take a minute and look into what you are buying into.

I'm pretty sure, internet/google 70% has advice for every beginner to do crypto investing/trading, if you ever try to find out about crypto investing/trading.

My advice and personal experience in investing and trading, maybe it can motivate you.
First: investment, you must really use investment money with cold money, meaning: the money you invest in crypto, is really money that is saved, not taken anymore, that money has a certain period.
Second: crypto trading there are several methods such as margin, futures, spot etc.
Bottom line: you really have to have patience and the right calculations, including the trading knowledge that you have, learn, ask, spread is the basic capital in trading crypto, to prevent real losses. And one more thing, advice from the closest experienced person, is important.

Buying bitcoin and hodl it is not trading, if that's what you mean of online investment. Trading is not a good "investment" for newbies to be honest, unless you're gonna do spot trading, like buy low and sell high, of course you have to do some research as well to avoid buying shitcoins that will just make you cry when it got dump by its dev. But in the end, it still depends on your choices, if I were you I'll just buy Bitcoin and hodl it 'till new All Time High comes again.

It depends on the level of discipline and emotional maturity. I have this notion that any body who is passionate about anything can do such thing no matter how risky or complicated it is.

What really matter is patience, consistency, dedication and willingness to learn and keep learning. Remember every pro trader was once a newbie. If they didn't make up their minds to take the risk they would still have remained where they were before they started trading. So for me be it trading or investment both have their risk but it takes great understanding about how each of them work to limit they risk associated.

The best words that we have to say for them is to study first that particular investment and get familiar with it. Nobody succeeds without research and most of all, we don't have to do such investment or trading because someone does and tells us but rather asses ourselves if we can really do that. Because the truth is that we can't be like them, nor we coulda say that what happened to them will also happen to us. It is very important to know if we are really prepared and capable enough for this otherwise, don't do it.

many are keep saying that you should invest in your self but i'm sure that many actually don't even really know the words of investing in ourself, is it education? since many practical trading and investing are actually straying away from the general theory. I'd say you should understand the mechanism of how trading and investment really works, then you'd start to figure out yourself how you really gonna trades and invest, of course understanding the mechanism took quite the time and money but eventually once you understand, you'd have the ability to make your own best decision.

Try to familiarize up things, make your own research and tend to be realistic when it comes to your goals and dont make hurrying up yourself on making money because this is where mistakes and errors do come from.

Try to study up first whether you could take up the risks or not rather than on diving directly without having those kind of hesitation and studying on what you are dealing with.You would be definitely be

losing huge sums if you arent that sensible on what you are doing. Bare up with the risks and tend to study up your errors and mistakes which it would be molding you up as a better
trader or investor on this market but of course it wont really be a smooth sail ride as always.

The perfect advice will be "invest in yourself", why is that? A lot of influential people nowadays are aware that specialized knowledge is so important that it can transmute your ideas into physical reality. In simple words, you can make money in trading if you understand its nature, know how it works and strategies to make money. Actually learning technical analysis is easy, it can take 3 months - 6 months for you to have basic foundation wherein you can already identify and analyze charts. What's hard in trading is the mastering of trading psychology wherein it can take years or more in order to master that kind of skills.

For the beginners out there, better focusing on putting your money on something that can help you to become a knowledgeable or a better trader. If you want free then, try to download ebooks in internet regarding trading or you could watch videos on youtube about trading and all of it are FREE. There are no excuses and alibis that you can think of, take responsibility if you want to make money through trading.

I would suggest that better secure some of your funds in other tangible assets before you explore this volatile market.
Also, as anyone would advise, better use small funds when you are just starting to navigate the world of crypto.
You will always experience loss at some point as you are just speculating what will happen next on the coin you are dealing with.
So before you go big, much better if you have a lot of experiences that you've got under your sleeves to minimize possible losses.

I deliberately bold the word Perfect here. Because I think this assumption will later influence how the nature and attitude of these novice investors towards investment conditions in crypto or online investing here. Why? because nothing is perfect here. Explain to him that online investment in crypto is not perfect. It's not really perfect, but it can really fit and promsiing as expected. But on the other hand, you also have to explain that investments like this also have a high risk. understand first, there is always a risk, the size will depend on what assets are invested and what the conditions are in investing.

Because investing in crypto requires more patience, very good emotional management, otherwise it will be easy to panic and actually do bad things by panic selling at a much cheaper price, which can cause big losses. On the other hand, the investment here must also be careful, never believe anyone who tells you that he can help you get many times the profits easily when investing in certain coins in him. This is a frequent scammers trap. don't get carried away by the hype. In my opinion, it would be better for beginners, they just focus on investing in Bitcoin, they also have to buy Bitcoin on a trusted exchange such as Binance, Coinbase, Kucoin, Kraken, and others before moving it to a personal wallet. , not from people or platforms whose reputation is not clear.

On the time that you do step your foot into this market, then be sure to make yourself that fully aware on whats the risks involved around.There's no way that trading and investment is something that

would so simple on which it would really be just so easy and simple for you to make profits or make income because this is really that a very wrong idea to have.When you are just starting then the piece

of advise is never make yourself that impulsive because if you do end up on this way then you would be basically be making yourself commit lots of errors and mistakes
on which making yourself that desperate would really be leading into that path.