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

[Ricardo11]

Yes, it is better to stay away from trading as much as possible for newbies, because there are already high risks in trading, even those who are trading experts often end up with big losses, and if a newbie trades without knowing anything, chances of losing are high. So a newbie should always stay away from trading and focus on holding in new position, and understand everything by trading in demo account in holding position. And after learning trading completely, you should proceed towards trading.

[Hyphen(-)]

Yes, it is better to stay away from trading as much as possible for newbies, because there are already high risks in trading, even those who are trading experts often end up with big losses, and if a newbie trades without knowing anything, chances of losing are high. So a newbie should always stay away from trading and focus on holding in new position, and understand everything by trading in demo account in holding position. And after learning trading completely, you should proceed towards trading.

Newbies can trade because some of the newbies are just new to the forum and not to trading.
But if it is a general newbies to cryptocurrency space, buying Bitcoin to hold will be better for them before learning about Bitcoin and crypto trading generally.
Learning is actually the first step for both trading and holding, but you can hold bitcoin before you start your journey because you as a newbie is not supposed to start trading without learning about it first.

[Themepen]

Yes, it is better to stay away from trading as much as possible for newbies, because there are already high risks in trading, even those who are trading experts often end up with big losses, and if a newbie trades without knowing anything, chances of losing are high. So a newbie should always stay away from trading and focus on holding in new position, and understand everything by trading in demo account in holding position. And after learning trading completely, you should proceed towards trading.

I agree with you trading can be very risky even for experts. Newcomers needs to be extra careful. It is good for beginners to avoid trading in early stage and they should focus on learning. Practicing with demo account can help to build knowledge and our confidence too. In this way newbies can avoid big losses and get good foundation before starting real trading.

This approach may look slow but it is good way to reduce risks and set yourself up for success. They should take time to understand how market works and should make solid plan. And if they will do this so it will help them to avoid from big losses and it will make them able to make good decisions.

[Hatchy]

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.

Normally if as a newbie, you don't understand how to trade then you should avoid it at all cost. Trading requires skills, experience and risk management. If you have no idea on any of these you will miss the most important point about trading which is profit making. It will create a bad trading experience for you. When it comes to BTC you should try your best to hold for a long term as a newbie. Trading the wave is profitable in the short term but then if you don't know how to ride the wave, the wave ends up riding your money.

[lepbagong]

Yes, it is better to stay away from trading as much as possible for newbies, because there are already high risks in trading, even those who are trading experts often end up with big losses, and if a newbie trades without knowing anything, chances of losing are high. So a newbie should always stay away from trading and focus on holding in new position, and understand everything by trading in demo account in holding position. And after learning trading completely, you should proceed towards trading.

Newbies can trade because some of the newbies are just new to the forum and not to trading.
But if it is a general newbies to cryptocurrency space, buying Bitcoin to hold will be better for them before learning about Bitcoin and crypto trading generally.
Learning is actually the first step for both trading and holding, but you can hold bitcoin before you start your journey because you as a newbie is not supposed to start trading without learning about it first.

Actually, beginners can trade, as long as it is adjusted to their abilities and does not seem greedy, but starts with a small, nominal, so that when they experience a loss they are not surprised but instead used as a guide for learning so as not to repeat it again., So there are always good and bad sides if beginners trade, but if they don't start, they won't be able to trade again.
Or indeed, studying first is also okay and focus on long-term investment first so that they get knowledge before jumping into trading.

[Asiska02]

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 have been promising to be profitable within a short term if you’re knowledgeable in it. Without that knowledge, you’ll only lose your money the more and eventually lose everything and leave trading for life. Anything you see people are making money from don’t just come that easy, some sacrifices have to be made and that’s why you need to learn and understand, because it’s the sacrifice required from you.

Newbies to trading should be hesitant and seek the knowledge before venturing into it. Having he knowledge will help reduce risk associated with losing more money at trading and will give you a guide on how to take the trading game to the next level.

[Kemarit]

Yes, it is better to stay away from trading as much as possible for newbies, because there are already high risks in trading, even those who are trading experts often end up with big losses, and if a newbie trades without knowing anything, chances of losing are high. So a newbie should always stay away from trading and focus on holding in new position, and understand everything by trading in demo account in holding position. And after learning trading completely, you should proceed towards trading.

That might be a good advise, but I guess newbies might have at least a experience, or got the chance to trade and see how it goes for them. Although I would agree that it is very hard to be a trader in the beginning. But if you really to make it a career then, they will have to go to a lot of growing pains in order to succeed.

And then there's this other part, those who failed and then just decided to be a long term holder. But it's not that easy as well, you will have to be mentally prepared, to buy and not be tempted to sell. Maybe our goals will be like to hold for at least 6 months and with that continuous buying thru DCA and then see how it goes for you.

[Rubel007]

Yes, it is better to stay away from trading as much as possible for newbies, because there are already high risks in trading, even those who are trading experts often end up with big losses, and if a newbie trades without knowing anything, chances of losing are high. So a newbie should always stay away from trading and focus on holding in new position, and understand everything by trading in demo account in holding position. And after learning trading completely, you should proceed towards trading.

A trader can trade if he wants to by acquiring the knowledge of cryptocurrency trading. Although trading is risky, there is also an opportunity to earn cash from it. It is definitely a good idea if one is interested in trading. But trading without adequate knowledge increases the chances of losing. From that point of view, holding is better than trading. Especially if one holds Bitcoin, regardless of the price, he can profit relatively risk-free in the long term. Because holding does not require a trader to be very skilled. It will be profitable for him to start holding by acquiring a basic knowledge to hold bitcoins.

[lepbagong]

Yes, it is better to stay away from trading as much as possible for newbies, because there are already high risks in trading, even those who are trading experts often end up with big losses, and if a newbie trades without knowing anything, chances of losing are high. So a newbie should always stay away from trading and focus on holding in new position, and understand everything by trading in demo account in holding position. And after learning trading completely, you should proceed towards trading.

A trader can trade if he wants to by acquiring the knowledge of cryptocurrency trading. Although trading is risky, there is also an opportunity to earn cash from it. It is definitely a good idea if one is interested in trading. But trading without adequate knowledge increases the chances of losing. From that point of view, holding is better than trading. Especially if one holds Bitcoin, regardless of the price, he can profit relatively risk-free in the long term. Because holding does not require a trader to be very skilled. It will be profitable for him to start holding by acquiring a basic knowledge to hold bitcoins.

It is indeed not easy to trade because very high risks can occur if we do not have any knowledge at all of trading, but not doing anything is also not good, so there must be courage to be able to trade. Study and analyze each movement by starting with a small value and while trying to continue to hone it so that when you know it, you can start with a slightly larger one. You always have to be gradual until you really know trading.
There is nothing wrong with holding, by continuing to add to the DCA scheme so that its value continues to grow so that when the increase period, it will have more value. All is returned to the individual to determine.

[vegasus]

It is indeed not easy to trade because very high risks can occur if we do not have any knowledge at all of trading, but not doing anything is also not good, so there must be courage to be able to trade. Study and analyze each movement by starting with a small value and while trying to continue to hone it so that when you know it, you can start with a slightly larger one. You always have to be gradual until you really know trading.

I totally agree, trading is not easy. Trading is difficult and complex. We do not only rely on having money for trading, but also the ability to manage and manage that money in trading. so that it can really be useful and add a lot of profits.

Remember, trading is not only based on luck, because this is not gambling. There are many right choices for trading, but stay alert, and as a beginner make sure to start from the spot market first. Don't be tempted by the results of trading in the Future market. Because the risk will be much greater.

[Chilwell]

For newcomers to the cryptocurrency space, I strongly advise focusing on holding Bitcoin rather than trading. Without sufficient experience and a substantial amount of Bitcoin or other cryptocurrencies, trading can be risky. Newbies should prioritize accumulating Bitcoin and gaining knowledge about trading before attempting to trade. This approach will help them develop the necessary expertise and build a sizable portfolio, reducing the risk of losses.

Once they have gained sufficient experience and have a substantial amount of Bitcoin, they can consider trading. However, it's essential to remember that trading always carries risks, and it's crucial to be knowledgeable and prepared.

[Sim_card]

It is indeed not easy to trade because very high risks can occur if we do not have any knowledge at all of trading, but not doing anything is also not good, so there must be courage to be able to trade. Study and analyze each movement by starting with a small value and while trying to continue to hone it so that when you know it, you can start with a slightly larger one. You always have to be gradual until you really know trading.

I totally agree, trading is not easy. Trading is difficult and complex. We do not only rely on having money for trading, but also the ability to manage and manage that money in trading. so that it can really be useful and add a lot of profits.

Remember, trading is not only based on luck, because this is not gambling. There are many right choices for trading, but stay alert, and as a beginner make sure to start from the spot market first. Don't be tempted by the results of trading in the Future market. Because the risk will be much greater.

It's better for a newbie not to think of going into anu kind of trading only if he is buying because he has no idea of the market and will definitely make wrong decisions that willput him at loss. I call such people that are trading without the proper knowledge as gamblers because only luck can bring profit for them.

[UNIVERSE]

It's better for a newbie not to think of going into anu kind of trading only if he is buying because he has no idea of the market and will definitely make wrong decisions that willput him at loss. I call such people that are trading without the proper knowledge as gamblers because only luck can bring profit for them.

No problem to think about trading but newbies don't try it immediately. It requires good knowledge before newbies start trading. Even if it looks like very easy to do, it is not easy to earn good amount of money from trading. Especially if we have limited funds/capital. Sure, newbies who trade with no proper knowledge, they must end up with severe losses. The best way is to focus on learning first if we are still in the newbie/beginner level.

[Dr.Bitcoin_Strange]

No problem to think about trading but newbies don't try it immediately. It requires good knowledge before newbies start trading. Even if it looks like very easy to do, it is not easy to earn good amount of money from trading. Especially if we have limited funds/capital. Sure, newbies who trade with no proper knowledge, they must end up with severe losses. The best way is to focus on learning first if we are still in the newbie/beginner level.

you are not wrong at all looking at it from that sense. but if you also consider it from a totally different perspective, there are no professional and experienced traders today who didn't make certain mistakes along their trading journey, regardless of how much knowledge they may have acquired before they started trading.

In a general sense, people need to mistakes in order to learn certain lessons, and it is through those mistakes that they get to learn their lessons, so as long as newbies can manage to acquire jus the basic knowledges about trading, then i believe they are good to go, but all they need to prioritize would be to try as much as possible to mitigate and minimize the risk of losses.

and as long as they continue to trade and consistently make mistakes and learn, they'll definitely gather all the experience they need to level up.

[alltalk]

For newcomers to the cryptocurrency space, I strongly advise focusing on holding Bitcoin rather than trading. Without sufficient experience and a substantial amount of Bitcoin or other cryptocurrencies, trading can be risky. Newbies should prioritize accumulating Bitcoin and gaining knowledge about trading before attempting to trade. This approach will help them develop the necessary expertise and build a sizable portfolio, reducing the risk of losses.

Holding Bitcoin is quite safe for any level of investor. It is true that holding Bitcoin is recommended for newbies. However, newbies need to have basic knowledge about Bitcoin investment as well. Newbies must understand when they should hold and when they need to sell the Bitcoin. At least they need to understand the cycle of bullish-bearish.

Yep, trading is a bit complicated. Newbies must ensure they have proper knowledge and experience firstly before they try trading.

Once they have gained sufficient experience and have a substantial amount of Bitcoin, they can consider trading. However, it's essential to remember that trading always carries risks, and it's crucial to be knowledgeable and prepared.

Actually both investment and trading have the risks. But trading looks riskier because we set a short term target. Since people prefer choosing more volatile coins for trading, this makes trading be more risker. But if newbies trade Bitcoin or other top altcoins, I think it won't be very risky.