As a beginner, stay away from trading and focus more on holding Bitcoin

[kulkhan]

Before trading one need a proper knowledge of it before they start, so that they won't experience much losses. However we all know that as a beginner in trading you must pass through lots of losses. So IMO you need some certain knowledge before you can become a professional trader.
Actually, a beginner in to the crypto space should consider to make investment instead of trading because investment is more safer than trading as you won't need much knowledge before you start buying Bitcoin.

Trading is not too easy matter. For trading need proper knowledge about trading. Without proper knowledge if anyone want to trade he will be losser and he will lose his valuable fund there has no doubt.
I think for a beginner trading is too much risky, and holding bitcoin is best for them. They can Buy bitcoin following DCA method and then hold Bitcoin. I Think it will be better for beginner.

[Stuart]

I don't know if such topic already exists, but since this is my first thread here on altcointalk forum, I will like to make this as a warning and a reminder to all newbies, don't go into cryptocurrency trading simply because you see someone close to you making profits from trading.

Going into trading without adequate knowledge will increase your chances of losing your money' by 10x because at that stage, you are prone to emotions a d greed, so wait until you increase in knowledge and rank before venturing into trading to safe yourself from possible unrecoverable loses.

I will say for beginners, buying and holding for the very long run is the best option to take. Though the level of confidence is important too, cause the market is always on a fluctuating movement, and without confidence in the market/system, a newbie will end up buying high and selling low, incurring loss to him/herself.

It is okay to get into the crypto industry in any methods, be it emotions, interest or fun, but going into crypto trading by emotions or fun is a very wrong step to take. Cause crypto trading is a real deal, you go in unprepared, you come out empty, if you go in prepared, self-discipline with determine if you'll come out profitably or few profits.

[rachael9385]

Before trading one need a proper knowledge of it before they start, so that they won't experience much losses. However we all know that as a beginner in trading you must pass through lots of losses. So IMO you need some certain knowledge before you can become a professional trader.
Actually, a beginner in to the crypto space should consider to make investment instead of trading because investment is more safer than trading as you won't need much knowledge before you start buying Bitcoin.

A beginner needs to learn everything first; it's as simple as that. If you are new in the market, just came to know about Bitcoin and cryptocurrencies, and want to earn money through it, then you will have to learn everything before you get started. I wouldn't recommend even making investments if a person is a complete newbie because you should at least know what product you are investing money in before you do it so that you can rest assured that your money is invested in a good place.

So, the first step after someone gets into cryptocurrencies should be to gain as much knowledge as possible instead of being in a hurry to earn money and starting to make trades and investments right away, without any knowledge about the market, trading practices, and how cryptocurrencies work in general.

You are right about that but when it comes to investment you need to make practice while you learning. And the only way to practice what you are learning about investment is during the process when you buy and hold, so that you can witness the market ups and downs. The reason why the investment part is the safest is because when you buy bitcoin and hold, even though you are losing your capital, you will not lose everything because Bitcoin has potential of high value in future.
Can remember when I tried to make some trade to know if I could make profits but then I lost my capital and, I didn't bother to try again because I lost my capital in less than 5 minutes (so not a good trader ). Although some folks are making profits from their trading but they have also experienced some losses too.

[debra]

It is actually a common thing, we must have proper knowledge to achieve something. I just can't imagine if there are people who trade without knowledge. How they know that they will get profits in that way? To trade in the right way, it is needed good knowledge. But we don't only need knowledge, we must also have good mentality. We shouldn't be afraid with the potential losses, we also need to be patient. And we must be smart enough to apply the strategy in trading. This mentality aspect sometimes brings big impact with the success in trading.

Whoever is trading without a proper knowledge in trading is only gambling and not trading. They are the traders that will lose big to the professional traders. Such people are more in the trading field than professional  traders. This is why majority of traders run at loss. Trading is very broad and technical with high risk.

Yes, it's just a kind of gambling, especially relying on luck to get profit. So yes, basically, knowledge is one of the key factors that is very influential in trading, before starting this trading activity, it is indeed mandatory to have proper knowledge. Because this is related to money, and we can't lose our money easily just because there is no basic knowledge about crypto trading. It's very high risk

[Wiwo]

The funny thing is it's based on stereotypes how can getting pregnant by a Brazilian translate into the child having football skills, this sounds so funny and at such a subject to be discarded, but then skills are built so for sure if you give the child the basic necessary training to become a professional footballer and under a coach it possible to achieve such growth in the child.

Between that also I believe by now such rumors have ceased to exist since education is taking over illiteracy and people are getting exposed to facts instead of assumptions.

[Azharul]

Before trading one need a proper knowledge of it before they start, so that they won't experience much losses. However we all know that as a beginner in trading you must pass through lots of losses. So IMO you need some certain knowledge before you can become a professional trader.
Actually, a beginner in to the crypto space should consider to make investment instead of trading because investment is more safer than trading as you won't need much knowledge before you start buying Bitcoin.

Trading is not too easy matter. For trading need proper knowledge about trading. Without proper knowledge if anyone want to trade he will be losser and he will lose his valuable fund there has no doubt.
I think for a beginner trading is too much risky, and holding bitcoin is best for them. They can Buy bitcoin following DCA method and then hold Bitcoin. I Think it will be better for beginner.

Cryptocurrency trading is also very risky space in cryptocurrency world. So i am also agree with your best opinion. If we follow in cryptocurrency market, we can see that many traders also losses there profit from trading. Because we know that trading knowledge is also very essential for earn best profit from here. So wr can earn best profit from investment in cryptocurrency market. Wr should do investment in down market, so that we can earn best profit in investment. Because we know that down market is always prefer for an investor.

[UNIVERSE]

Cryptocurrency trading is also very risky space in cryptocurrency world. So i am also agree with your best opinion. If we follow in cryptocurrency market, we can see that many traders also losses there profit from trading. Because we know that trading knowledge is also very essential for earn best profit from here. So wr can earn best profit from investment in cryptocurrency market. Wr should do investment in down market, so that we can earn best profit in investment. Because we know that down market is always prefer for an investor.

Trading surely has a risk. No doubt that most traders may experience losses. However, if they already have proper knowledge, they can deal with the risks and have more chance for profits. Trading isn't something too difficult that we have no chance to get good profits. Trading gives us the chance to get good profits if we have proper knowledge and experience. But we must have good understanding of trading to make good profits. It is important to learn trading when we are newbies, it is because we must have proper knowledge. Trading requires skills, knowledge, and experience.

Anyway, investment is different. When we invest, we must have good patience as well. We may hold for some years before we can take profits.

[kai]

If OP wants to hold Bitcoin then that is definitely a good choice, don't hold other altcoins which can become Dump at any time.

My personal strategy for holding Bitcoin is probably like this:

-I work in the real world with income for my daily needs.
-I am on the altcoinstalks forum and get Bitcoin to HodL.

In conclusion, my daily work is to support my life and I am on the altcoinstalks forum to become a Bitcoin HodLer. This is just my simple trick and maybe one day it can also change over time and urgent needs.