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

[Lucius]

Investing in Bitcoin carries with it certain risks that I already mentioned in the previous post, so you should not focus only on the price. However, it should be noted that Bitcoin has achieved hard-to-imagine successes in relation to gold in the period from 2009 to today.

There is risk everywhere...
Even when we hold just dollars we are exposed to inflation or just dollar losing value.

If we invest in high grade companies we are also exposed to many risks.

I believe the best strategy is to diversify among different risks , so when some assets go down, others go up and you can have some balance. A small share of bitcoin is welcomed imo

This is not at all doubtful, risks are an integral part of every investment and all those who are serious investors will always try to reduce these risks to the smallest possible extent. I was referring more to the specific risks arising from the fact that Bitcoin is something that can be categorized as a digital asset with very high risks from various threats related to possible hacking, whether it is storage on CEXs or any type of digital wallet.

Investing in gold, stocks or maybe even real estate is much less risky for me personally, but of course not as profitable as Bitcoin. However, I would always advise some people who are rash, have no self-control and do not understand the basics of cryptocurrencies to avoid such investments - not because I don't want them not to profit, but because they will probably lose their money rather than profit.

[taufik123]

-snip-
This can change at any time and this is where, in my opinion, the biggest risk is - of course not for the survival of Bitcoin, but for the price that attracts the most investors who want a relatively quick profit. Therefore, the best advice is not to keep all eggs in one basket.

In essence, the two instruments have several advantages and disadvantages each.
Gold may be more stable, but its value won't grow as much as bitcoin for decades, but Bitcoin was able to rise by millions of percent in just a few years and become the most incredible digital asset to date.

Everyone is interested in the rise in the price of Bitcoin which ultimately changes the value of bitcoin and many people are interested in faster profits.

And yes, don't store eggs in just one basket, there are many other baskets that need to be filled to get more space and more profits to come.
When one basket falls then the other basket will not necessarily fall.

[Gurujebs]

We don't have to go beyond our boundary all because we wanted to trade and do it while we should still be learning on how to do it, though for some instances we cant assume that its better for them to hold instead of doing a short time trade that they may not afford to mange or comprehend, we also have to consider starting anything being a newbie with what we can afford to lose in case of uncertainties, trading is easy and simple to do but must be done with caution and deep insight on how the crypto market works.

Trading isn't something you can do and get it immediately. It's like someone who is trying to understand how to drive. You know before starting the physical driving, you must have undergo some teaching class about driving and it's the time for driving the car, you will first start from the elementary steps down to the other important things. The more you drive, the likely you might do some mistake and the more experienced you become. This is exactly how trading works in my ways of understanding it.

You can't just learn everything about trading and say you are a good trader without the experience of trading, without experience I'm not sure you are going to last without these experience.

[Freemind]

don't go into cryptocurrency trading simply because you see someone close to you making profits from trading.

People who do that are doomed to failure before they even start trading. There is a lot to learn, practice and think before starting to trade, at least with more or less "high" fund volumes. Trying the first steps with very small amounts ($50 - $100) can be healthy and give us an idea of ​​how to improve our way of acting, but trying to do it at the same level as other users with years of experience (and losses) is like jump out the window and think that we are not going to break any bones. With patience we will always go further and the results will be better.

[sampoerna]

don't go into cryptocurrency trading simply because you see someone close to you making profits from trading.

People who do that are doomed to failure before they even start trading. There is a lot to learn, practice and think before starting to trade, at least with more or less "high" fund volumes. Trying the first steps with very small amounts ($50 - $100) can be healthy and give us an idea of ​​how to improve our way of acting, but trying to do it at the same level as other users with years of experience (and losses) is like jump out the window and think that we are not going to break any bones. With patience we will always go further and the results will be better.

Yes, basically, there are several ways to get profits in crypto business. And trading is just one of them. It's true, it's true that people say that trading can really change a person's fate for the better. Well, this is quite tricky for anyone who is just getting into the world of crypto.

We may often think that trading is a very common endeavor. but after trying it myself, it was really difficult. So if we see other people who seem so easy, then their level is already above us. Because, it requires a process that is definitely difficult and complicated. Oh, and the newbies? Forget about doing analysis, they immediately place pairs for trading, that way, they are traders. And this is what newbies must avoid, newbies will always be like that so it is quite important for us to avoid.

[Crwth]

whether or not you have training with trading cryptocurrency there is always going to be a case where are you will lose the trade and then you would Be emotional in someway. so if you are really interested in trading, You should be competent and emotionless. Probably trade with a bot.

[LogitechMouse]

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

They will not know it if they will not try trading.
I've also heard that when I was still a newbie. I'm curious about trading. Tried it, lost all of my money. That's the time when I decided to just hold on my Bitcoins instead of giving it away.

Sometimes, letting them experience the worst thing will make them realize that it would be better if they will just do another thing. Sometimes, curiosity gets us, and we will only realize our mistakes when we lost huge amounts of money. For beginners out there, don't be like me, and other users here. Don't trade if you have an inadequate amount of information. You can try so that you can decide in the future whether you want to continue trading or will just focus on holding Bitcoin.

[bounceback]

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

They will not know it if they will not try trading.
I've also heard that when I was still a newbie. I'm curious about trading. Tried it, lost all of my money. That's the time when I decided to just hold on my Bitcoins instead of giving it away.

Sometimes, letting them experience the worst thing will make them realize that it would be better if they will just do another thing. Sometimes, curiosity gets us, and we will only realize our mistakes when we lost huge amounts of money. For beginners out there, don't be like me, and other users here. Don't trade if you have an inadequate amount of information. You can try so that you can decide in the future whether you want to continue trading or will just focus on holding Bitcoin.

Its needed for beginner keep trading and get experienced how to control emotion with trading position loss or earn much profitable, I don't sure how to get experienced for beginner only focus with holding bitcoin than trading because not all beginner have stable financial and hold as longer time for their bitcoin assets.
Trading can help us earn much profit in short term or take daily and weekly profitable than become long term holding need around several years later taking profit. All people realize with how potential profitable earn by holding for long term but we can't denied with many trader need get profit in daily day.

[Lucius]

-snip-
This can change at any time and this is where, in my opinion, the biggest risk is - of course not for the survival of Bitcoin, but for the price that attracts the most investors who want a relatively quick profit. Therefore, the best advice is not to keep all eggs in one basket.

In essence, the two instruments have several advantages and disadvantages each.
Gold may be more stable, but its value won't grow as much as bitcoin for decades, but Bitcoin was able to rise by millions of percent in just a few years and become the most incredible digital asset to date.

Everyone is interested in the rise in the price of Bitcoin which ultimately changes the value of bitcoin and many people are interested in faster profits.
~snip~

What gold has is the millennial trust that has already deeply rooted in people, and Bitcoin is honestly still very far from that. Young people are logically more inclined to some new ways of investing, but you will have a hard time convincing people who are 50+ years old that it is more profitable to invest in Bitcoin than in gold or government bonds.

I will give an example of a country within the EU which, in the past 1-2 years, started massively issuing government bonds and treasury bills (which was never the case before). In a very short period, about $4 billion EUR was invested, and they are invested mainly by retirees who publicly admit that there is nothing else they can invest in.

What I want to say is that Bitcoin cannot change the mindset of people who have been instrumentalized to such an extent that they only believe what their government says through the mainstream media.

[Yamzakid]

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.

Nice decision, but in my opinion, beginners should have better understanding before entering into trading or holding bitcoin, as both involve risk. Some begineers will think that holding bitcoin is risk free, but it is not. It is just that bitcoin has a lesser risk when comparing with trading.
I see how people are profiting from holding, and that has always inspired me to start holding, but with the knowledge I have, I don't think I'm competent enough to trade or start holding, which is why I'm still doing research and learning about it, and that is the advice I'll give my fellow newbies, they should stick to learning before making any investments.

[bayu7adi]

Nice decision, but in my opinion, beginners should have better understanding before entering into trading or holding bitcoin, as both involve risk. Some begineers will think that holding bitcoin is risk free, but it is not. It is just that bitcoin has a lesser risk when comparing with trading.
I see how people are profiting from holding, and that has always inspired me to start holding, but with the knowledge I have, I don't think I'm competent enough to trade or start holding, which is why I'm still doing research and learning about it, and that is the advice I'll give my fellow newbies, they should stick to learning before making any investments.

There is a good thing that is taught in the words "it is better to hold Bitcoin" which is that it should also not involve the emotions of the holder... so far beginners have always paid more attention to short-term price movements... perhaps because of the effect of the new things they are starting to learn ... what is certain is that to be able to gain profits by holding is, never drown in FOMO... involving feelings of worry is usually the main reason why some people fail to become holders... even though it takes longer to get profits from holding BTC .

If someone always thinks about optimism every day, of course good things will happen... even though market fluctuations are unavoidable, based on high confidence, it will just be a storm that will be missed.

[albon]

Going into trading without adequate knowledge means you are swimming in the sea without a boat. It must be right for beginners that you don't bet money without knowing anything about trading. Most of the new crypto users are inspired to trade by watching others trade which is why they lose a lot of money. Moreover if you do your research on investing, you will quickly become experienced in this matter. But to become experienced in crypto trading, you need years of practice and waste of money.

[Freemind]

Yes, basically, there are several ways to get profits in crypto business. And trading is just one of them. It's true, it's true that people say that trading can really change a person's fate for the better. Well, this is quite tricky for anyone who is just getting into the world of crypto.

We may often think that trading is a very common endeavor. but after trying it myself, it was really difficult. So if we see other people who seem so easy, then their level is already above us. Because, it requires a process that is definitely difficult and complicated. Oh, and the newbies? Forget about doing analysis, they immediately place pairs for trading, that way, they are traders. And this is what newbies must avoid, newbies will always be like that so it is quite important for us to avoid.

A fairly common mistake that newbies make is to base trading on guides and tutorials that they read on the internet, and that is a serious mistake. The best way to learn is starting from 0, not reading guides written by traders with 10 years of experience. While it is true that the guides can give us certain guidelines, what we should not do is trust our funds to other people's ways of working. With patience we learn much more and better, and we will not put our money at risk.

[ZAINmalik75]

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.

Trading is a work that every person must have spent some time on it and most of them left it due to lack of knowledge and lots of loss. Without knowledge of exchanges, volume, candles, charts, charts are not that necessary only the knowledge of fundamental factors of the coin can give a newbie some help to start with. Most of the people are following other trading influencers and some are copy trading.

This only leads them to losses and they don't learn anything. The best way is to do study first then practice then give try to trading if things go right go with it otherwise give yourself and the market some time. Understanding the cycle of the market for example if it's bear or bullish is also necessary for a newbie to start trading. Holding is also a better advice.

[LogitechMouse]

whether or not you have training with trading cryptocurrency there is always going to be a case where are you will lose the trade and then you would Be emotional in someway. so if you are really interested in trading, You should be competent and emotionless. Probably trade with a bot.

Being emotional is something that most humans already have. I mean it's a human nature, but we must know how to be emotionless when it comes to investing.

Being emotionless in trading is very hard. I myself is emotionless when it comes to investing because I'm not making impulsive decisions when the market is tumbling down or rising up significantly, but when it comes to trading, my emotions are very different. I find it hard to control myself and still making bad decisions. This is the reason why I'm always losing in trading.

Trading using a bot might help traders make better decisions hence, more profits in the long run, but still it depends.