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

[bayu7adi]

~snip~
I had to close all trading account and fully go and learn about crypto trading, how to read candles and all necessary information before I reopened those accounts because I made a very huge loss.
So as a newbie, it is most safer to invest than to trade.
Though it gave me an experience that's very useful to my trading life.

That's right, because long-term investing doesn't require doing a lot of technical analysis... so it's very easy to apply even for a beginner... here it's just a matter of time, but for someone who already understands how the market works little by little, of course will start to think about the potential for other volatility... so usually long-term investors will instinctively learn short-term trading as time goes by... because basically the way it works is almost the same, it's just that the time frame used is different.

The transition from long-term investor to short-term trader may require emotional control and more mature thinking... because the intensity of analysis for short-term traders is denser.

[EluguHcman]

You probably did not tell what these beginners should be doing in the industry in a space of time.
It is actually true that people are attracted to run into trade because they think it is as simple as someone closed to them are doing well on his/her trades when they don't know how to navigate through the market and how they could control their emotions at lost until they could recover.

But right then, even as being advisable not to rush into the trades these said beginners can as much invest whether on in the a befitted and reputable coin, keep holding and if trading would be a desire for the beginner, you can actually take up and start learning and navigating the market through certain investment knowledges in building your minds and understanding what it takes to be a trader in the Crypto markets because the risk of investment is lesser to trading.

[Makus]

I always tell people that trades look more like gambling whereas holding is investment.  And that is because, from an inductive reasoning, trades or using usually done on short term newly launched projects. Don't get me  wrong they can also be done long term project, but most traders find it less profiting when trading on long-term projects, but for beginners, its best they focus more on long-term project, until they understand the basics then they can choose to go for trades or not. Though It's quite profiting, there is no doubt about that but it also comes with risks unlike holding were the risks is minimal especially on long-term reputable projects.

[vegasus]

I always tell people that trades look more like gambling whereas holding is investment.  And that is because, from an inductive reasoning, trades or using usually done on short term newly launched projects. Don't get me  wrong they can also be done long term project, but most traders find it less profiting when trading on long-term projects, but for beginners, its best they focus more on long-term project, until they understand the basics then they can choose to go for trades or not. Though It's quite profiting, there is no doubt about that but it also comes with risks unlike holding were the risks is minimal especially on long-term reputable projects.

Especially for a beginner, or for people who have been in the crypto space for a long time but are just about to enter the world of crypto trading, yes this will be like agmbling, especially if it is based on no knowledge and insight. Moreover, many people are affected by the hype for trading because seeing the many parties who share the profit percentage of these traders, hundreds or even thousands of percent of their profits in a short time in future trading, this can really trigger someone who doesn't understand at all to just join in. .

The problem is that they are professional traders who already understand the technical and fundamental performance of indicator analysis. So they don't do betting carelessly. So for lay people who suddenly want to enter trading without any knowledge? That's really gambling.

[taufik123]

-snip-
so usually long-term investors will instinctively learn short-term trading as time goes by... because basically the way it works is almost the same, it's just that the time frame used is different.

But not everyone does that, because some people just buy and hold for the long term without learning how short-term trading is done.
They don't even understand how to read the crypto market and how to do technical analysis.

Have a lot of money and get into crypto by buying bitcoin and then holding it until the target price is reached.
Before entering the crypto market, you should first learn how crypto works and how trading science is done to know what the risks are and how to overcome them.

[lepbagong]

You don't have to tell them to stop trading because they are newcomers but you can only tell them not to be greedy and other advises because they have to learn and for them to learn with practical they have t trade. Losing is part of trading and that can make.thrm to learn fast. At least it is not bad if they use small amount to trade. One must start from somewhere. And the basic knowledge is needed to trade.

Agree with what you said, that if they experience a loss in trading, it is something that is also the most important lesson, so they will not repeat what they have done, because that action will make an impression and will continue to be remembered.
Providing education about not trading in the early stages is certainly very good, so that they want to learn first so they can understand it properly, but if they force themselves, of course they can do it, but in small portions, first until they can find the formula and then improve it.

Some persons can be motivational at times, even with a series of loss I their trading they can still manage to convince themselves that they are in the right track and their break through is near . Some newbies can be very funny with their actions, and if they did not see any great improvement they will eventually come to a general conclusion that cryptocurrency is a scam, meanwhile they failed to pass through the learning process and apply patient. Crypto is not a get rich quick scheme and if you must make it in the market, then you must exercise patience

What you say is very realistic. In the end, sometimes it takes a series of experiences with losses that occur in trading, to be able to change it at the next opportunity, and they are already on the right path, they just need to make better improvements.
It's not surprising that many beginners feel that what happened is impossible and tend to blame and give arguments that it is a disguise of fraud.
But they don't continue to their best point so they can get maximum results and open up that this is realistic and true.

[Agbe]

What you say is very realistic. In the end, sometimes it takes a series of experiences with losses that occur in trading, to be able to change it at the next opportunity, and they are already on the right path, they just need to make better improvements.
It's not surprising that many beginners feel that what happened is impossible and tend to blame and give arguments that it is a disguise of fraud.
But they don't continue to their best point so they can get maximum results and open up that this is realistic and true.

The two are working together to give the full experience to the trader. And none is bad. And they is why it is good to trade with whY you can afford to lose and not to trade with big amount that when you lose it, you will have the pain. You win or you lose, you still have story to tell. Though in trading the big amount you use the bigger price you gain it as a beginner don't use big amount because you are in the learning process. And that was the mistake I also did that I loss about $300 at once.

[Makus]

What you say is very realistic. In the end, sometimes it takes a series of experiences with losses that occur in trading, to be able to change it at the next opportunity, and they are already on the right path, they just need to make better improvements.
It's not surprising that many beginners feel that what happened is impossible and tend to blame and give arguments that it is a disguise of fraud.
But they don't continue to their best point so they can get maximum results and open up that this is realistic and true.

Sometimes we are the once who limits our abilities. Our potentials are more than we can ever imagine, and until we take a step further before we'll be able to truly see that we were only being lazy. Newbies could make good search and get better results, but majority of them always feels reluctant and expect themselves to be like a pro from the beginning. It's impossible, and that is why they also have to undergo the learning process and must take it serious for them to fully understand the basics first before advancing to become a pro trader. But the problem with most beginners is that, they want to be like a pro and still expect to be spoon fed by probably the person who Introduced them into the system. If there is something I have learnt so far, is, learning to be independent as a crypto enthusiast is the best way to grow.

[Roseline492]

I always tell people that trades look more like gambling whereas holding is investment.  And that is because, from an inductive reasoning, trades or using usually done on short term newly launched projects. Don't get me  wrong they can also be done long term project, but most traders find it less profiting when trading on long-term projects, but for beginners, its best they focus more on long-term project,

Indirectly trading is a gambling because the both concepts are the same and no matter how people feels they understand them they always get cut up sometimes, though the reason why starters normally like to go into trading is that if you look at trading outside the box you will feel is very easy to make profits if someone should go into it without knowing that in trading it involves the more you look the less you understand sometimes, so actually when you said holding is the only one that should be considered as an investment I agree with you because it has to do with long term investment with lesser risk unlike trading that's like a gambling.

[JunaidAzizi]

Indirectly trading is a gambling because the both concepts are the same....

There is a difference between trading and gambling. People do trading primarily for money, while gambling is for entertainment as well as money. Gambling is very easy; you can use your prediction, which may or may not be correct, but in trading, there is a long process that a user follows to make a trade. If you are speaking in terms of earning money, then yes, they are similar, but behind the scenes, there is a difference between the two. So it's not bad what you are doing; the thing is, you can gain knowledge and then enter into whichever you want.

[KingsDen]

Since 2021, I have an uncle who is learned but he keeps insisting that bitcoin is not money and cannot be money in any country. He said it is only the government that has the mandate to print money and all monies must have a tangible form before it is digital. He said we are all jokers by following one small boy that created a code and called it money. LOL

So many people like your uncle in the past, even where I live and see them now hate bitcoin even more because of its incredible price.
Actually, such people are people who do not understand how modern technology works and they only follow the system that has been set up by the government.
Or even they are more interested in the Multi Level business by looking for many members with great profits that are promised.

and your uncle may now be too prestigious to admit that bitcoin is an amazing digital currency and is even recognized by the government.
Your uncle feels sorry but won't say it for the sake of self-esteem. LOL.

To be honest with you, I did not think that my uncle is remorseful or whatsoever waiting about with him. I really did try my best again to convince him now that it is almost certain that bitcoin is not a scam and it is not just a creation of one small boy behind the screen of a computer. Now that bitcoin is a universal phenomenon, he needs to understand, even if it doesn't want to join the bandwagon, he should atleast know the truth about bitcoin.

But when I made an effort to confront him once again and which might be the very last time, I saw him met an update on facebook that artificial intelligence is a scam that it is not real. It was then that I concluded with he is allergic to new technologies

[Rubel007]

Without enough knowledge people will lose everywhere be it trading platform or anything else. If I can't do the work the right way, I can't expect good feedback from it. Similarly those who are ready to trade must have knowledge to trade. But an investor does not need much knowledge in holdings. A new investor after gaining enough knowledge there is no guarantee of profit but if he holds bitcoins for long time he can get multiple returns of his investment at anytime. But in the case of Bitcoin, the investor must wait. Because Bitcoin is the most worthy for long-term investment.

[Crypto Library]

Without enough knowledge people will lose everywhere be it trading platform or anything else. If I can't do the work the right way, I can't expect good feedback from it. Similarly those who are ready to trade must have knowledge to trade. But an investor does not need much knowledge in holdings. A new investor after gaining enough knowledge there is no guarantee of profit but if he holds bitcoins for long time he can get multiple returns of his investment at anytime. But in the case of Bitcoin, the investor must wait. Because Bitcoin is the most worthy for long-term investment.

For Holding Bitcoin also needs some important knowledge and sometimes it needs time and experience. If I speak for myself, it took me years to fully become a Bitcoin holder because when I was new to the market there was so much FUD working inside me that made me panic sell.
But slowly due to constant observation of the market and direct experience of bitcoin halving and its effect, now I can continue holding due to the reduction of fear from within. And I think that is difficult for a new trader.

[TomPluz]

I always tell people that trades look more like gambling whereas holding is investment.  And that is because, from an inductive reasoning, trades or using usually done on short term newly launched projects.

Yes, trading can looks like gambling most especially if one is not prepared and has not spent some time to learn the basic and advanced concepts and skills needed. Therefore, newbies are always advised to first be holders of the top coins in the market and just venture into trading when one is really ready. Now, from time to time, there can be some mavericks who can conquer the market with ease but these people can be the exemptions rather than the rule. In my years of being in the crypto market, I still have to learn to really trade though I am also interested with this venture so I am not closing myself into it. Right now, there are many available opportunities in the market but one must be careful as there are always risks even counting the possible rewards.

[lepbagong]

What you say is very realistic. In the end, sometimes it takes a series of experiences with losses that occur in trading, to be able to change it at the next opportunity, and they are already on the right path, they just need to make better improvements.
It's not surprising that many beginners feel that what happened is impossible and tend to blame and give arguments that it is a disguise of fraud.
But they don't continue to their best point so they can get maximum results and open up that this is realistic and true.

The two are working together to give the full experience to the trader. And none is bad. And they is why it is good to trade with whY you can afford to lose and not to trade with big amount that when you lose it, you will have the pain. You win or you lose, you still have story to tell. Though in trading the big amount you use the bigger price you gain it as a beginner don't use big amount because you are in the learning process. And that was the mistake I also did that I loss about $300 at once.

Whatever is done in trading, there will definitely be luck and loss. It just depends on everything to reveal whatever has happened. Some may be normal because they understand the consequences of the trade, but there are also some who, as you said, will feel pain because of the loss. .
I really agree with what you said, that, as a beginner, you are very accustomed to starting with small transactions and gradually increasing them when you understand how, because this will avoid losses that might be as large as you have experienced. I am sorry for what happened to you.