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

[PX-Z]

.... I think we don't need to use stable coins, it is better to use more volatile coins. This can create a chance of bigger profits.

It's also mean a higher chance of lossing, more importantly mostly new traders loss than getting profit. But with more knowledge and experience overtime, it can be taken back if keep pursuing it.

[UNIVERSE]

Yeah! Even with demo accounts, one still needs to know how to control their emotions because without self control, they may not really be able to learn the concepts and basics of trading. Just like you said, the difference will always be there, no matter how many times they use a demo account to practice, if they’re not able to achieve control of their emotion, even if they use a real account, they’ll still encounter losses like they never actually practiced trading at all.

I think it is easy to control emotion when we use the demo account. It is because we know that there is no risk of losing money. That's why it is not enough to learn from demo account only, we need the real trading from real account. When we start real trading, we will have a pressure because we may lose money if we don't do it properly. In this time, we must have a way to control our emotion and our fear. But of course we must start with small money only. So, there will be no too high pressure.

[LogitechMouse]

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I think it is easy to control emotion when we use the demo account. It is because we know that there is no risk of losing money. That's why it is not enough to learn from demo account only, we need the real trading from real account. When we start real trading, we will have a pressure because we may lose money if we don't do it properly. In this time, we must have a way to control our emotion and our fear. But of course we must start with small money only. So, there will be no too high pressure.

That's why I didn't start with a demo account. I know that I will not learn from it especially when it comes to controlling emotions. If I will try it, there's this thing in the back of my mind where I will be saying "It's only a demo account, I don't care if I lose or win." and because of that, you will make decisions that are not based on your strategy but based on your emotions. That kind of trading will not make you profitable at all.

Speaking of small money only, I already decreased my trading capital significantly after losing too much on trading. I'm still finding the right strategy that will work for me. Currently, the market is going down so beware for those who're trading there and always look for the market first before positioning.

[Dr.Bitcoin_Strange]

That's why I didn't start with a demo account. I know that I will not learn from it especially when it comes to controlling emotions. If I will try it, there's this thing in the back of my mind where I will be saying "It's only a demo account, I don't care if I lose or win." and because of that, you will make decisions that are not based on your strategy but based on your emotions. That kind of trading will not make you profitable at all.

Speaking of small money only, I already decreased my trading capital significantly after losing too much on trading. I'm still finding the right strategy that will work for me. Currently, the market is going down so beware for those who're trading there and always look for the market first before positioning.

Making decisions based on emotions isn’t just when one uses a demo account, even with real accounts,  certain decisions can still get you caught up with your emotions and result in making mistakes and wrong decisions thereby leading to losses. But you’re right, one gets to learn faster when they they use a real account with real money because you get to face the real market, take real risks and start acquiring both basic and advanced knowledges while building and developing your own very strategy.

[debra]

It's also mean a higher chance of lossing, more importantly mostly new traders loss than getting profit. But with more knowledge and experience overtime, it can be taken back if keep pursuing it.

Of course, when it has a bigger volatility, we also have the chance to lose bigger money. Sure, there will be always big risk if we want to expect big profits as well. There is no way that we want to get huge profits but we want to choose something that has no risks. However, if we have knowledge, we shouldn't be afraid with the risks. We can get the ways to deal with the risks if we have knowledge.

[PX-Z]

Of course, when it has a bigger volatility, we also have the chance to lose bigger money.

With the right trading skill set, losses can be managed effectively. Instead of taking major hits, a well-planned strategy allows traders to minimize losses and make informed decisions. Risk management, technical analysis, and emotional discipline all play a crucial role in maintaining control over trades and preventing significant setbacks.

[SamReomo]

With the right trading skill set, losses can be managed effectively. Instead of taking major hits, a well-planned strategy allows traders to minimize losses and make informed decisions.

Yes, right trading skill set helps to manage losses and recover the lost money and at the same time to make money from the market by trading. Some traders use stop-loss while others buy dips and then average their positions and those are some good risk management tools used by top level traders.

[Report]

In our community there is a member who is experienced and I will give the initials R to that member. All members in our community were given information by R that Bitcoin is indeed suitable for Hodl, if traded then our feelings will be mixed, our emotions and patience will be drained.

R also said that Bitcoin at a price below 30 dollars is very easy to get and at that time R said that the Bitcoin he got was only Hodl until he needed it for his daily life.
Unfortunately, now Bitcoin is expensive and to Hodl even with a value of 30 dollars it is around 0.0003 maybe or less and to achieve high profits it takes a long time because the price is already expensive.

[fredolda]

Dca an hodl!!

[vegasus]

With the right trading skill set, losses can be managed effectively. Instead of taking major hits, a well-planned strategy allows traders to minimize losses and make informed decisions.

Yes, right trading skill set helps to manage losses and recover the lost money and at the same time to make money from the market by trading. Some traders use stop-loss while others buy dips and then average their positions and those are some good risk management tools used by top level traders.

Well, yes, indeed when it comes to strategy and tactics in trading, each trader may be different. But what is certain is that management in trading that includes risk management, funds, emotions, and strategies must be done carefully. Because this will greatly affect the results. Many people do not like to use SL, but many others also prefer to use SL because it minimizes the risk of greater loss. So this also depends on what steps and what risks are taken. I personally prefer to use SL, to manage the risks that I can bear.

[Alone055]

In our community there is a member who is experienced and I will give the initials R to that member. All members in our community were given information by R that Bitcoin is indeed suitable for Hodl, if traded then our feelings will be mixed, our emotions and patience will be drained.

R also said that Bitcoin at a price below 30 dollars is very easy to get and at that time R said that the Bitcoin he got was only Hodl until he needed it for his daily life.
Unfortunately, now Bitcoin is expensive and to Hodl even with a value of 30 dollars it is around 0.0003 maybe or less and to achieve high profits it takes a long time because the price is already expensive.

Buying and holding with only $30 for the long term will barely get someone anything. It is good if someone can keep doing DCA into Bitcoin between intervals with $30 or even less so that after some time, they can have a reasonable amount that might give them something good in return after a few years of them holding it.

Holding for 5 years and getting $100 to $200 in profits with a $30 investment isn't worth it, to be honest. Those who have small capital should look more into altcoins and invest their money in altcoins that have good potential and can grow pretty high in the future, so that even if they invest a small amount, they might get good returns after a few years if they keep holding.

[Report]

In our community there is a member who is experienced and I will give the initials R to that member. All members in our community were given information by R that Bitcoin is indeed suitable for Hodl, if traded then our feelings will be mixed, our emotions and patience will be drained.

R also said that Bitcoin at a price below 30 dollars is very easy to get and at that time R said that the Bitcoin he got was only Hodl until he needed it for his daily life.
Unfortunately, now Bitcoin is expensive and to Hodl even with a value of 30 dollars it is around 0.0003 maybe or less and to achieve high profits it takes a long time because the price is already expensive.

Buying and holding with only $30 for the long term will barely get someone anything. It is good if someone can keep doing DCA into Bitcoin between intervals with $30 or even less so that after some time, they can have a reasonable amount that might give them something good in return after a few years of them holding it.

Maybe what R meant was to first test the DCA with 30 dollars, if you feel that in 3 months you can see the trick, method, hodl, APY value, then continue with a multiple increase in capital, for example with a capital of 300 dollars or every month buy Bitcoin with a capital of 3,000 dollars.

Holding for 5 years and getting $100 to $200 in profits with a $30 investment isn't worth it, to be honest. Those who have small capital should look more into altcoins and invest their money in altcoins that have good potential and can grow pretty high in the future, so that even if they invest a small amount, they might get good returns after a few years if they keep holding.

Many also say in our community besides Mister R also to trade with altcoins but Mister R does not want to take risks so he gives an example of DCA Bitcoin with a capital of 30 dollars for each week.
Maybe other members of the 30 dollars are given advice to buy altcoins such as Ethereum, BNB, Solana but the effect of the name altcoins always gives surprises that sometimes we are not ready for the value that will plummet.

[EluguHcman]

So it is not like newbies can not go into trading instead of holding rather you just have to acquire the dosage of knowledge required before getting to trading.

Even a basic knowledge is not enough for your start of you don't want to loose your funds instead you must be adequately be grounded before keying in other make intentional decisions instead getting on pressure dur to greeds.

[Hatchy]

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.

It doesn't matter if you are holding or short term trading. The goal is any one that you understand better and are able to make profits from, you stick to it. Everyone has their target. Some might be for a short term gain while others a long term gain. So it depends on you to make that decision.

[Crypto Library]

It doesn't matter if you are holding or short term trading. The goal is any one that you understand better and are able to make profits from, you stick to it. Everyone has their target. Some might be for a short term gain while others a long term gain. So it depends on you to make that decision.

Actually depending on make decision is not always work because the thing you and we all know that in the trading space every people have only one intention to make profit and in this case we forgot that we have to also the skills and knowledge to gain the profit and ultimately when we goes for trading it doesn't matter we do the short-term or the long term strategy we just face losses.
So first thing here we must should know the analysis skill before making any kind of investment.