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

[Makus]

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.

Yeah, I agree with you mate. In as much as trading is popularly know for its huge profit returns if you get the right project early, we still need to be careful,  because there are times where your knowledge or research would fail you, and if you made lot of investment in that project, then you'll suffer loses that can affect a bit of your finance. Before one should start trading, they should have acquired enough knowledge to know how chart, movements trend... works else they are just gambling blindly. In the other hand long term investment can be very relaxing and makes the holder feel comfortable irrespective of the status as a beginner or pro investor.

[Roseline492]

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.

Well I think each and everyone have there own mindset about holding in regards to whether they need to be very knowledgeable enough before they would start there investment and also I will not say you are wrong for waiting that long in other to acquire enough knowledge before going into Bitcoin investment.

However the little I understand about my Bitcoin investment so far is that so long as it has to do with only Bitcoin holding there is no much knowledge required because is not trading that always requires so much knowledge, however the only people who always consider being so knowledgeable enough before investing on Bitcoin are mostly those who are scared of Bitcoin investment because there is no way someone will lose there investment if they are holding.

[Aanuoluwatofunmi]

Trading is as sweet as when we know what we are doing and how to trade, but when we lack the skills on this as required, we may not arrived at the desired expectation concerning the trading we are interested in doing, also, if we are experience in trading, then we should trade with caution because the market need time and enough patience in other to be able to predict on which direction its going.

[EluguHcman]

Obviously trading is riskier than investing due to the various knowledges to minimize looses required.
At a time, I was in support that newbies should avoid trading but invests.

At the current moment, I have thought otherwise that if anyone can Invest, then also, anyone can trade.
So for a beginner to start up in the crypto market with trades is not a bad one. The individual only need to learn what it takes to win. Experience is only a bonus to manoeuvre perhaps... we can explore with afresh acquired knowledges as long it is in line with the market demands.

[robelneo]

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 was one of them when I was just starting out, I thought it was easy like what all the traders are bragging so I have to agree on what you posted and advice as I've been there.

The huge losses made me realize trading is not for me so I focus more on holding and it's one of the best decision I did, trading is not for everyone its too time consuming while holding Bitcoin, you just need to be patient and it will eventually yield you profit.

[bitterguy28]

The huge losses made me realize trading is not for me so I focus more on holding and it's one of the best decision I did, trading is not for everyone its too time consuming while holding Bitcoin, you just need to be patient and it will eventually yield you profit.

a lot of people are obsessed with giving unsolicited advice without taking into consideration the kind of character and personality a person has

i am not saying we should easily give up but sometimes things won't really work for us and maybe you should realize that sooner and get a move on

[Z-tight]

At the current moment, I have thought otherwise that if anyone can Invest, then also, anyone can trade.

I don't agree, investing is as 'easy' as buying BTC and just storing it in your self custodial wallet for the long run. However, trading is a whole lot more than that and very risky too for many reasons. There are so many newbies who started with trading, and they are no longer in the network because of the large amount of money they lost to trading, because they didn't understand the market and its fluctuations, or otherwise volatility.

[debra]

I don't agree, investing is as 'easy' as buying BTC and just storing it in your self custodial wallet for the long run.

What is your reason? I think it is quite easy, we even don't need to make a deep research because Bitcoin is trustable. If we want to invest in Bitcoin, we only need to know the price cycle. Learning the price history and 4 years cycle are the way to know the best time for selling it. I think it is much easy than investing in any other coins.

However, trading is a whole lot more than that and very risky too for many reasons.

Trading is risky if we do it without proper knowledge and no skills. But if we have good knowledge, trading won't be a very risky thing. As long as we use safe money, it is no problem to trade crypto coins. But make sure to choose reliable coins, don't trade random coins which easily freefall.

[JoyMarsha]

It will be out of foolishness for any newbie to think of trading, just because Mr. A is making profits in trading, let them join him to do the same, since he trades. Forgetting that trading requires a lot of expertise to be perfect in it. Someone can't join in it without learning how control their emotions, and their greed approach.

I see newbies that involve in trading as people that don't   know what are actually doing. Someone can see a simple way of earning in Bitcoin by hodling for long term and choose to take a risk that they can't come out successfully.

Trading is supposed to be done with one level of expertise in it. Not because of someone is earning from trading, they should join him or her without knowing how it took the person to be perfect in trading.

[EluguHcman]

At the current moment, I have thought otherwise that if anyone can Invest, then also, anyone can trade.

I don't agree, investing is as 'easy' as buying BTC and just storing it in your self custodial wallet for the long run. However, trading is a whole lot more than that and very risky too for many reasons. There are so many newbies who started with trading, and they are no longer in the network because of the large amount of money they lost to trading, because they didn't understand the market and its fluctuations, or otherwise volatility.

Formally I admitted to it that investing is easier for beginners cope with than trading because trading requires some technical knowledges, more money and ability of emotions to withstand lost because all these are essentially surrounded to make a good trader but for Investor, you can just buy the fraction of Bitcoin to your affordability and keep holding with just some basic knowledge.
But all these does not mean beginners who have desires to begin their Bitcoin quest of making profits with trading.

Ones dedication can make a good impact to excel as they desires so with this I think beginners can also be good to trade on Bitcoin however, it might take a whole lot of time in learning how the trading field is all about to be able to stand at the safe side.

[Sim_card]

At the current moment, I have thought otherwise that if anyone can Invest, then also, anyone can trade.
So for a beginner to start up in the crypto market with trades is not a bad one.

Trading is for all but not everyone will be a good trader especially newbies because they only have the basic knowledge and trading needs more than that because it is very complex and riskier. Investing can be easy for those newbies who are used in a good saving practice because they know the amount of money they can use to invest without a problem and they will be frequently buying bitcoin. A good financial management will do you more good when investing. Only short term investors might not be happy with their investment.

[bounceback]

Trading is for all but not everyone will be a good trader especially newbies because they only have the basic knowledge and trading needs more than that because it is very complex and riskier. Investing can be easy for those newbies who are used in a good saving practice because they know the amount of money they can use to invest without a problem and they will be frequently buying bitcoin. A good financial management will do you more good when investing. Only short term investors might not be happy with their investment.

Trading can't adopt by all because need more knowledge exactly with beginner less education or information about bitcoin and altcoin want to trade, but difference with holding is allow for all trader as beginner or not just buy on lower price and forget it until several years later waiting price increasing significant. I think with trading have specific only for trader have more knowledge and understand well how market condition around several days later.
For holding is not allowed much knowledge because they are trading for long term after investing with lower price and waiting price recovery for one or two years later.

[Makus]

At the current moment, I have thought otherwise that if anyone can Invest, then also, anyone can trade.

I don't agree, investing is as 'easy' as buying BTC and just storing it in your self custodial wallet for the long run. However, trading is a whole lot more than that and very risky too for many reasons. There are so many newbies who started with trading, and they are no longer in the network because of the large amount of money they lost to trading, because they didn't understand the market and its fluctuations, or otherwise volatility.

Majority of newbies who started with trading, are likely to have bad experience and some of them conclude crypto is scam, meanwhile they where the ones who had the wrong approach. The reason holding is recommended to newbies at first than trading is because, while holding they'll definitely get a clear understanding of how volatile or risky the crypto market is, so they don't rush into making careless decisions that will cause them some fortune.  Trading requires a level of research and experience to be able to make correct analysis that will aid you profit making, newbies aren't that exposed so they should hold and not trade.

[lepbagong]

At the current moment, I have thought otherwise that if anyone can Invest, then also, anyone can trade.

I don't agree, investing is as 'easy' as buying BTC and just storing it in your self custodial wallet for the long run. However, trading is a whole lot more than that and very risky too for many reasons. There are so many newbies who started with trading, and they are no longer in the network because of the large amount of money they lost to trading, because they didn't understand the market and its fluctuations, or otherwise volatility.

Majority of newbies who started with trading, are likely to have bad experience and some of them conclude crypto is scam, meanwhile they where the ones who had the wrong approach. The reason holding is recommended to newbies at first than trading is because, while holding they'll definitely get a clear understanding of how volatile or risky the crypto market is, so they don't rush into making careless decisions that will cause them some fortune.  Trading requires a level of research and experience to be able to make correct analysis that will aid you profit making, newbies aren't that exposed so they should hold and not trade.

If they have started trading and experienced losses, you can be sure that they will think that crypto does not give them anything, and it could be like you said by accusing crypto of being a scam.
But almost all who start in crypto if they don't want to learn first will be able to despair because they can't accept something which is thought will only contribute to it, even though it is not that easy to get it.
If they want to continue learning, then mistakes are something that must be addressed well so that they will not do things to repeat.

[JunaidAzizi]

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.

Yeah, I agree with you mate. In as much as trading is popularly know for its huge profit returns if you get the right project early, we still need to be careful,  because there are times where your knowledge or research would fail you, and if you made lot of investment in that project, then you'll suffer loses that can affect a bit of your finance. Before one should start trading, they should have acquired enough knowledge to know how chart, movements trend... works else they are just gambling blindly. In the other hand long term investment can be very relaxing and makes the holder feel comfortable irrespective of the status as a beginner or pro investor.

Without a sufficient amount of knowledge and experiences it would be difficult to make profits from trading and at a beginner stage it's totally impossible infact you will only and nothing else. At this stage I am recomending you only to focus on long term investment which not only gives you profits but also secure you from market complication and short term fluctuations. So be careful at this stage and focus on your knowledge gain and practicing on identify patterns and sequences.