Bitcoin Forum

I overheard my coworkers discussing the idea that new investors in crypto cannot make profits without possessing trading skills. I would like to initiate a discussion on whether this claim is true or false. In my view, this belief is a false notion that is spread by individuals who want to discourage those who are curious about investing in crypto. What is your perspective on this topic?

Guys, I mean what other ways can newbies benefit from crypto investment without having to be a day trader or a professional trader. Because I believe there are other ways to earn aside from trading. 

You must have basic knowledge and skills for buying and selling which are helpful for your investment but don't use buying and selling for your trading. At least you must use Buying and Selling orders without mistakes.

Market Order vs. Limit Order: What's the Difference? (https://www.investopedia.com/ask/answers/100314/whats-difference-between-market-order-and-limit-order.asp)

Investment is better and safer than trading and if you invest in a safest cryptocurrency, Bitcoin, you will have profit. If you invest in altcoins, I am not sure about how you end with them. Most of altcoins will bring losses to you, not profit because most of altcoins die with time.

This is true in everything not only in trading. You will never be successful on your trading without the skills of doing it since you don’t have any strategy that will make your profitability consistent. Consistency is the key to have a stable profit.

Newbie usually just guess and place trade randomly which can be considered as gambling since they are relying on their luck to have a profit instead of their skills to increase their chance of profit. Skills is your main weapon to have an advantage against other traders since we are all competing to each other on when to buy and sell.

'No' on decentralized exchanges like Bisq.

It depends on the centralized exchange. On some exchanges, people do not have option than to use their spot trading orders. But most complex exchanges have lite version now which is called convert. Convert is very simple to use, even for newbies.

Some exchanges are very simple to use and basic and they do not offer pro or complex trading. Example are Luno, Remitano and Quidax that are available in my region.

In conclusion, I will say no.

If you mean to be an active trader in the advanved market like futures, that's true. I think this question refers to the spot market, not everyone who enters the trading platform has to master technical skills because the value of their portfolio keeps on fluctuating just by "investing". What needs to be noted about profit here is when you manage to realize profit when the P&L indicator is green, all traders including newbies have this opportunity. The difference lies in the consistency of profits, with trading skills you have the upper hand in this regard.

Waiting for the bullrun and price to move to the ATH to sell is still considered trading. Its a long term investing but still once you sell your coins in the bull run, you trade them.

A newbie will have to learn a lot if he wants to do day trading though. Good thing there are tons of people already teaching online how to do it. To make a profit every day is going to depend on how determined he is to learn.

I agree that investing is safer than trading, but it is profitable if you have a cold mind and you studied. I am more the one that invests in Spot, Trading requires also a lot of mental health.

On the other hand, you can find other ways to make profits with Pools or programs in Defi or Exchanges that generate passive incomes, it is slow but you can reinvest them and keep generating more and not have your assets idle.

Some platforms also have events that are not that guaranteed but it can be profitable with low investment (I qualified, for example, to Aptos and Arbitrum ones)

Knowledge in trading will not be the reason to be able to make money but will cut down some common mistakes that can force you to lose money. Rest of the money making is your own luck, predictions and patience. Newbies in speculative trading will be assumed (and proven) to be lacking this mindset and thus the above notion.

Every trader was once a newbie. So I dont think this statement should discourage new investors, because that is a personal choice of rubbing someone's statements on their own skin.

If a newbie start dummy trading and is keen to learn, they can profit in a few months, but they should have patience and be able to endure long bear markets.

Quite true. But I believe that there are ways newbies can benefit from crypto without having the skill to trade and make technical analysis. Matter of fact, some exchanges have recently made it easy for newbies in the space to earn without knowing how to trade. I don't know if you've ever come across the Bitget flexible savings where users can actually earn daily interest on their assets. This is one of those ways. Learning to trade is essential but believe me, it is no walk in the park and it makes new users shy away from joining the crypto space.

Since you're talking about newbie making profit from crypto, it's a myth because you can try by yourself to buy Bitcoin now and hold it until the next 2 years, there's a big chance you will double your money.

But if you're talking about newbie making profit from crypto through trading, it's mostly a truth because you could make money with luck and we're know luck isn't always can happen. If you always depends with luck, it has no difference with gambling.

But don't you think there are ways via which newbies can earn from crypto without trading? If we keep emphasisng that they must have the skill to trade, which impersonally believe is a daunting task because it took me years to learn how to trade, this might scare new investors from joining the crypto space? 

They can earn by simply staking all while learning how to trade professionally.

there are other activities where a person can earn from this market, and yes, it is not only from trading. for those freelancers, they can always accept crypto in their payment method, and so they are earning from this market just by getting crypto in exchange of their services. as already mentioned, you can also buy or invest some valuable projects and sell it when you think you have incurred your profits.

Flexible savings? Not sure have ever heard of that in crypto and how does that benefit new users who doesn’t even have the knowledge of the volatile market.

The best way a newbie can benefit from bitcoin investment is if the person invest in a long term investment. This is the easiest way any newbie can benefit from bitcoin. All you need to do is to use the money that you can afford to lose to invest and forget about your bitcoin just put the duration of time that you want to hodli you bitcoin investment and for sure when the time comes that you are ready to sell at you price target you will be smiling at the profit that you will make. For you to be able to invest on long term,you must understand the market and follow up with the market trend so that you wouldn't be discouraged when bitcoin price falls. It is just like putting your money in a fixed deposit and after some year,your funds will generate interest but bitcoin investment is far better than that of banks. Hodling your bitcoin for long will generate profit far better than trading for a newbie who lack the knowledge to trade. I see trading as stress and I prefer to just hodli my coins.

Absolutely! This is what I'm trying to point out. For years I couldn't understand the concept of trading even though I joined some classes and took some courses. I literally would've given up if my friend hadn't introduced me to staking and other non trading methods of earning and today, there are tons of other ways to earn as a newbie. We need to propagate these methods instead of making newbies believe that only professional and guru traders can profit from crypto. Thanks for your input buddy.

This is a general statement in which indeed everyone is required to have an ability or potential in that field so that they can easily carry out it according to a predetermined plan. Consistency is the key to everyone's success in the field they are working on. It cannot be denied that there are also those who blame fate and think that success is always difficult for them to get. I think this incident is only for people who are not serious about pursuing a field.

For starters, maybe it is possible and permissible if indeed beginners choose options with their guesses regarding trading in one of the markets, even though this method is the same as gambling. But I think to get an experience it can be done because it takes sacrifice to be able to get a knowledge, but it must be remembered that they cannot fully do the same thing. Beginners are expected to be able to take advantage of opportunities to learn from mistakes and correct these mistakes so that one day they will not be repeated.

Right on point. lol wait, I can't imagine depositing my funds in the bank when they offer little to no interest on your funds. Not especially when I can subscribe to the bitget's earning product ''flexible savings'' to get some good APR on my savings. I believe that if new investors actually know about these methods, they'd happily get onboard. HODLING, FLEXIBLE SAVINGS, STAKING etc are all safe and friendly ways newbies can earn from crypto.

The cryptocurrency market is a high-risk object for investment. This means that you can very easily lose your savings, regardless of whether you are a beginner or an experienced trader. It's just that a beginner has a much higher chance of losing his money than an experienced trader.

This is a false statement and should not be regarded as being true. Some people believe in luck while others believe in hardwork. Going with the first one which is luck, a newbie can begin trading in a day and make a lot of profit a more successful trader can’t make in a day. On the other hand, hard work is really the game changer here, and with much knowledge, you’ll no doubt earn a lot from trading bitcoin.


Another way for newbies to earn aside from trading is just simply to hold their bitcoin. Hodling bitcoin for a long time will definitely earn you a lot of profit in the future. You don’t need to worry about market volatility and changes overtime, just hold and wait for the right time when you must have earned a lot of profit from your investment. Bitcoin amongst other cryptocurrencies have the potential of increasing its value overtime.

This is applicable to everything in general and not only trading. Whatever you are doing, if you lack the basic knowledge and skills you may likely fail. The statement above is exaggerated but it is not to discourage new traders but rather be encourage them to acquire some skills from pro traders before venturing into trading. Without the skills you can not even differentiate between short and long, candle stick, lots size and other terms related to trading. As a newbie, your chance to make profit without skills is 0.1%. It is therefore important for you to seek the knowledge first.


Crypto investment is quite different from Crypto trading. You are the one confusing yourself. You don't need to be trader before you earn from Crypto. Trading is one aspect of crypto that requires high skills if you want to go far and it's more riskier that investment. As a newbie and investor, you can buy and hold for prefer period of time and sell when you feel satisfied with the profit. You don't need to trade on daily basis and you may stake your coin as well to be receiving a little fraction on a fix period.

Oh no, I think you misunderstood me. This post isn't really about me. I'm not a newbie in crypto.  I raised this discussion so that newbies can learn from us that they can actually earn in the crypto industry without knowing how to trade. This was a topic of discussion at my place of work that's why I thought it necessary to bring it here.

Staking is a really good option that newbies can utilize to earn. Personally I do recommend them subscribing to the Bitget's flexible savings which is quite safer for them and they can earn really good APR.
Thanks for your input buddy. 🙂👌

Banks barely add interest to one's savings so its smart to not tie down ones funds in a bank. Staking is always a better option especially when you can earn more APR percentages on your stakings. This way, your investment works for you and it is a really good way to earn passively.

For newbies, flexible savings is safe especially in the volatile market. you can read up more about it here.
https://www.bitget.com/academy/Maximize-Your-Crypto-Earnings-A-Beginners-Guide-to-Bitget-Flexible-Savings

I thinks it works in two ways. You will need to have mentors or tutors that will be giving you the signal to trade even though you don't have knowledge about the cryptocurrency market. It is not necessary for you to know much about the Crypto market or how to analyze trades.

Once you know how to click the buy and sell button, trading should not be a problem to you and to those newbies who might not like to learn more about trading and market analysis. You can only trade the crypto market if you know little about it, like how to use signals, bots and do other simple task in the market.

We don't even need to learn the hard part of trading like market analysis and market trends. Once you have a good signal that have you to 80% win rate then you are good to go. There are so persons that are making big money from the cryptocurrency market who does not even know how to analyze market charts or create there own signals. Getting a very good and reliable signals is what we need to make good profits from the market.

Can you ride a motorcycle without knowing how to ride? You can't, right? Similarly, if you don’t have knowledge of trading, how are you going to make profits from it? Knowledge is very important in every field. Moreover, if you are investing your hard-earned money in a place or good, then having knowledge of that commodity is a must. The more you know about the product in which you are investing, the less chance there is that you will make a loss. So whatever your coworkers said, I agree with them up to a certain point. A newbie shouldn’t rush at all while starting his trading career. Give time to trading, and trading will give you profits.

To add to your point, copy trading is also a good feature that newbies can utilize to earn in crypto as they can copy the trades of other expert traders to profit from trading while they proceed to learn how to trade to become independent traders themselves.  

---

Actually they were saying stuffs like there are no other ways for one to earn from crypto except through trading. This statement is false if you look at it. People earn from airdrops, ICOs, copy trading, flexible savings or staking etc even without knowing how to analyze the markets and trends.

What your coworkers were discussing is very close to the truth but that is not the absolute truth. It is simply advisable to have good knowledge of trading but that is not the only way to earn in cryptocurrency. There are so many ways to earn which includes but not limited to;

• Trading
• Mining
• Hunting for airdrops/bounty
• Exchange business
• Mixer business
• Coin project
• Crypto article writing 
• Signature campaign

And lots more. Some of the above does not require crypto trading experience.

Completely 100% false.


That's not true, you're wrong. A better word would be, you should have basic trading skills. Must is much too strong for this.

I know people who never bought and sold bitcoin, but they have a lot of it. Taking profit can be done through a number of services, one of the easiest and cheapest being gift cards. You can also take profit by selling coins to someone in person. It's possible to never have an exchange account and still own and use bitcoin every day.

New investors or get into trading without any knowledge about it? I think a lot depends on these two words. Because new investors can also be called those who have started trading with basic knowledge of trading, on the other hand, some of them can be also called new investors who jump in here to invest with zero knowledge.
And here a fact must work that those who are trading without basic knowledge have more chances of facing loss than the possibility of gaining profit. So I don't think that those coworkers are fully wrong. And in my perspective, I will say that you have to acquire some basic knowledge for making some profit on trading. 
I think we should treat cryptocurrency like any other currency, i.e. we get paid for our work in those currencies. What I really want to say is that there are many ways to enter the market through your own skill in Cryptocurrency. And already one gives a good list on the above which you can take aside from trading.

Apparently, you will never earn from long term hodling if you never decide to sell them at a higher price. That’s where trading takes place by selling your coin at an exchange with its high and reasonable price. So yes, for me trading is very crucial in crypto because you cannot experience profiting unless you decide to sell your coins especially when there is bull run or when you see some significant price increase.

It’s a truth. People will never gain profits in crypto if they won’t be expose with buy and sell. They buy them when the price is low, and end up trading them in a centralized exchange when their prices have increased or have been affected by a bull run. That’s why trading is a must for those who want to see profits from their investments. But if you think you’re still not capable to trade, then just invest first and hold them for years so you can avoid losses.

Not really that needed for you to trade on which you could really be simply be able to make profits or money on just simply holding but of  course this would really be talking about
long time aspect on which not all would really be that having the long patience when it comes to this or any investment on which it would really be ending up for someone to
take up some bad decisioning because they cant just wait up on how long they would really be able to make money.Usually the most common newbie impression is that they could really be
able to make some money on the time that they would really be putting up money or just waiting for few days until they would realize that it isnt something that realistic at all.
Trading is indeed could really give out that kind of opportunity on which you could really be able to make money but this would takes time and lots of efforts for you could be able to
have that have a good grasps into it.

This is not true mate you can make money from cryptocurrency without you being a trader and having to know anything that relates with trading technicalities. At first, such person should be able to own a crypto wallet that is secure and trusted possible get Electrum or a hardware wallet to buy and hold bitcoin. Now this is what the person will do, you can buy from p2p or exchange store it in your wallet for a short period of time, maybe after seeing the market has appreciated then such person can sell. As long as the person knows how to place order to buy or sell, such person must not be constantly doing daily trading to start making money from cryptocurrency precisely bitcoin.

Wow, have gone through the link, seriously I never knew anything of such exist, does that mean the savings will last for a year before I can collect it or I can collect it at anytime?

Sort of truth and sort of fake. They can't make a profit based on what they know, but they could always get lucky if they are doing something like that. I mean think about it, haven't we heard any rookie traders that ended up making a profit before? We did, it exists so it is not completely true that they can't.

However, they need to be incredibly lucky, like get into the crypto world right as bull is on full force where alts are going 100% a day sometimes and they buy the right thing. All those things hitting all at the same time is a very low odd, the timing is the most important one, and doing that will be a very difficult thing and I bet that not a lot of people will do that. This is why since it is so rare, people say it doesn't happen.

it's not a myth, it's the truth, how can you make a profit when you don't know what you're doing in crypto!!

but if the essence of your topic is another way to make money in crypto besides trading, the answer is of course there are several ways, such as becoming a token developer - article writer - investor - liquidity provider and participating in bounty/airdrop programs.

don't ever think that making money in crypto is only by trading, find your most comfortable way to make profit in crypto through your passion.

Regarding my experienced its true about beginner or newbies earn profit trough cryptocurrency without know how to trader, their profitable exactly not from trading but active joining some airdrop project. I think every one here in cryptocurrency can earn profit without know way with trade about some coins. Today, our community earn profit above 200$ trough airdrop but some of them don't know how to trade because first time receiving coins exactly about cryptocurrency.
But the beginner means they have understood well about basic knowledge with cryptocurrency from create wallet, deposit and withdrawing, but they can't manage well with trading.

In trading, we can also do a copy trade or pay for signals if we don't have a knowledge in trading. There are so many ways to make profits in crypto not just in trading, so the answer to the OP's question is it's only just a myth. However we may need a basic knowledge in trading like selling our coins to cash once we are done but this ain't hard to understand. It's the same as how we learn how to use money in the real world.

When it comes to investing, knowing a commodity is necessary but it's not enough. We should also control our emotion and learn how to be patient when holding. Trading is not a competition so yeah, there is no need to hurry up. Rushing will only lead to dangers.

There is a difference between trading and investing. If you want to be an investor, you don’t really need to have skills; all you need is to know how to buy bitcoin and hold it. If you can hold it for a long time, you are going to make money in the future. We all remember the bitcoin price a few years ago, and we can all see the bitcoin price today. As an investor, you don’t need to have any special skills, but you still need to know the basics of trading because, without knowing the basics, you won’t be able to buy your bitcoin and send it to a non-custodial wallet.
 
But if you are planning to be a trader, then you need to have skills, or you might end up losing the money you are trading. Trading is more difficult and complicated than investing in bitcoin, and you can’t just make money if you don’t truly understand how to trade. Some people will join trading, and they will be looking for trading signals. All those people are just looking for free money, and they will end up losing. If you are not ready to learn in the crypto space, then you can’t make money; there is no easy way to make money here.

The only way that I know that newbies can easily make money is by investing in bitcoin and holding it for the long term. You can’t hold bitcoin and expect profit in the short term, and I am sure not all newbies can hold their bitcoin for the long term.
As a newbie who wants to hold bitcoin, just make sure you buy your bitcoin and send it to a non-custodial wallet. Also, make sure you properly secure your private key, because a lot of people have lost their bitcoin just because they lost their private key. So one of the things you shouldn’t joke with when planning to hold your bitcoin is your private key, and we all should know that your private key shouldn’t be stored in a place where there is an internet connection.

Basic principles and movements or set-ups is a must thing to be known considering that it isnt something that you would be able to make yourself to pull out those funds or profits on the time that you do make money even
if you do just simply copy trade whether it would be manual or just simply running up a bot. This is why it would be understandable that you should know on having that basic functions or steps for you to do so.
Its true that there are lots of methods on earning money here on this space, it is really just that people cant really be able to snip out and having that kind of behavior on engaging into it and rather just missed out those opportunities or simply they are really that rushing things of.

Since we are talking or speaking about trading then it would really be just that normal that you should know on how to trade and not just simply trying to put or make a position without having those considerations
like having an analysis or whatsoever.

Everyone is free to buy bitcoin but it will be useless to say if he does not know how to trade since it’s the only way that he will get good returns from bitcoin once he decide to sell or trade it when it’s price has skyrocket. So most likely, if you dont know how to trade, you will never be in profit for crypto, not only for newbies but also even to those who have been staying long in the market. Bitcoin is all about buying and selling, investing and trading, aside from using it as a payment currency to buy certain goods and services.

For me, it is a myth. Simply put.
What a newbie needs to do is, learn the basics. Learn how to buy, learn how to hold. It shouldn't take more than seeing a few YouTube clips/videos in one night or day to do this. Make a simple, comprehensive note.

One of the laws of getting rich by investing in businesses or ideas, is to have at least an idea of what you want to put your hard earned money into. An instance was even sited as regards to this in the book titled, 'The Richest Man In Babylon,' that's if you heard of it. It talked about someone (I may have to search the names of the characters again) who saved up some cash and gave it to his friend the merchant to buy jewelry so he would sell. This person later discovered it was glass sold to him. He lost and then sort advice. He was told it was because he had no knowledge of the jewelry and sent a merchant who was tricked with fakes or caused the scenerio, that's why he lost all his money. If you get the point.

This isn't gambling where one can get over the loss easily with just one more turn which may not be much.
A newbie is like a newborn baby, she must learn to crawl before walking and then running.

newbies could easily just speculate and would still make profits.
knowing how to trade in general only good if you are really committed and wanna build career around it otherwise it don't really needed, you just know the fundamental of a project, whether they got good partnership with some known venture capitals that gives the project it self massive funding, and you can easily invest in it. if it happens rising after presale, then you are lucky with your investment, if not then you could easily become investors.
talking about taking advantage of the circumstance. so I could pretty much say that it is myth, but certainly knowing how to trade will increase your chance of getting profits at the end of the day.

Yes it's absolute truth that newbies require the basic knowledge to earn profit from there investment in crypto one of such basic skills is to avoid buying at high i.e when the price is already peaked, learning how to buy low and sell high is one of the basic prerequisite in trading and investing in crypto failure to adhere to that simple basic rule will  lead to avoidable losses from investment.

Basically a newbie after learning the basic rule of trading
and investment in crypto is expected to research on the particularly project they intended to invest on to avoid falling onto the scam project of course there are numerous projects in the crypto market whose credibility and trustworthiness is not guaranteed, personally I prefer a newbie to invest on the major crypto e.g Bitcoin, Ethereum, BNB etc by investing when the market is bearish sentiment.

Investing and Trading is quite different in terms of risks. In my opinion, there are couple of new investors that are profitable the first time they invest especially if they invested in 2021. But the chances of being profitable is very low if you don't have knowledge compared to those experienced investors.

In trading, I can say that you can't be profitable if you don't have knowledge. Even traders who have knowledge in trading are having a hard time of becoming profitable. For you to know, around 90% of traders lose money.

Beside trading there is another option which is known as investments but in investment you have to wait for better time to get the advantages of maximum worth of selected token. As compared to trading investments will give you more profit but for this you have to know when to purchase and when to sell the desire token.

This is not false that people without skills cannot achieve desire advantages but if someone who win for 2 or 3 times regularly without expertise and knowledge then may be that time was favorable for him but this does not occurs all the time.

The different between gambling and trading is only knowledge and skills so if a person entering the crypto market without knowledge and skills so it means that he consider trading as gambling which is totally wrong concept.

It's a myth as there are many ways to benefit from the industry without having to become a trader, trading is one of the ways newbies think they can because successful but it isn't as easy as it sounds because you'll have to go through many studying to succeed at training.

Many traders end up disappointed after their first few weeks of trading and other traders quit or don't succeed at trading because they were after the profits instead of first learning how to trade like the professionals. Trading needs discipline but many people don't have it.

You can make money by investing in new projects through the difference means like launchpads, initial exchange offering or platforms that give investors an opportunity to invest in new projects that aren't exchanges . We have some popular ones which has good reviews.

I want to make a little correction in your speech and that is New investors can even make profits without trading skills but they can't hold it for long term. Without trading skills, trading is like gambling. So a trader must have at least basic trading skills to create his position in the market. Sometimes it's possible to make profits without skill but it will be very difficult to be in profit most of the time. There are many ways to improve trading skills and they aren't hard even much easier. So why we should gamble with our real assets when there is many tricks to increase our winings?

Long term Bitcoin holders will surely win if someone can hold it for a certain period. Beside this another most popular way to gain profits is staking Cryptocurrencies. Though staking rewards aren't much worthy but it's much safer way for newbies. Stable coins and some Cryptocurrencies have this staking feature. So we have to choose the best one with proper analysis.

But investing also requires knowledge and basic understanding about how to trade. It also need a research so you won't fall for scam projects. You don't really need to be a professional trader to earn but rather learn the basics and have knowledge about how the blockchain techology works.
There are also lots of good resources that you could find online so you better have the eagerness and courage to learn. Trading is a long process of learning but if you would persevere, you'll adopt new knowledge about the basics which will be helpful as you grab other opportunities that crypto could offer.

You're so wrong about this. Don't you get that if bitcoin can be exchange to goods and services directly? You don't have to know how to trade it on exchange to turn it into those goods and services.
Someone bought bitcoin in 2020 and in 2021, when he was up 300%, he bought a house with bitcoin, because the seller or the agency agreed to such deal. According to you that person did not gain any profit. :D

That is not entirely accurate as newbies with no skills at all could still obtain profits if they were lucky enough to invest in the right coin at the right time, however if what you want are reliable profits you can get for the long term then I think your coworkers are right.

The markets are meritocratic to the extreme, if you know what you are doing then you can obtain profits, and the greater your skill the greater your profits, however the opposite is also true, so if your knowledge about the markets is low then you will lose money, and the greater your ignorance about the markets the greater your losses.

It depends on your way to earn in crypto. In trading, knowledge and skills are crucial to gain as a trader. That's an edge to profit consistently (depending on your strategy too) since you know what you're doing. On the other side, for investors it doesn't necessary to have a certain skills as long as you have basic knowledge on what you should do in order to gain. Moreover there are also plenty of ways to earn in crypto so it's not only limited to trading.

Investing itself is already profitable if you chose the right coin and that is Bitcoin. You can diversify your capital by investing in alts but if you want to take the safer side then choose Bitcoin. Though it might take time to profit since it's actually good to hold for long period.

There are other ways to earn besides trading. Holding your coin for a long time will make you money. But you have to know where to invest. Choosing the right coin and wallet to store your coin would be best. Go for Bitcoin if you want to make money by holding your coin. It's the most reliable coin for long-term holding. Bitcoin will grow in price in the long term because of its mechanism. The scarcity will increase each year.

Another way to make money besides trading is staking your coin on centralized exchanges. Which is extremely dangerous, and I discourage staking your crypto on any 3rd party website or exchange. The first choice is to hold your bitcoin in your wallet.

This idea is not a mistake, it is a real fact that is happening in the crypto industry. Because if the idea is interpreted to scare a beginner who wants to join the industry or crypto market, I don't think that's how it is conveyed. This idea is clear, meaning that when someone enters the crypto field, but has no knowledge related to trading or investing in crypto, it is very likely that the novice investor will experience failure or loss. So basically the contents of the idea if clarified means like that. Even in my opinion, this idea is the concern of people who have long and experience in the crypto field, so that beginners don't get caught up in losses.

You can do staking, or you can also save crypto currency for a long time (investing). But still, all of these methods will not run smoothly, if the knowledge to carry out these methods is not explored to the fullest. So my advice, learn more before plunging into the world of crypto currency. So that you don't get confused and can in the end enjoy maximum results.

Investing and trading are actually different thing. However, some plain investors dream to become professional traders because they know it would pave way to a bigger and more huge profits that investing alone cannot guarantee. But I’m not saying that investing alone especially if it’s for long term is not profitable at all. Of course, it’s the easiest and risk free to gain profits while you are just sitting alone waiting for the price to skyrocket.

Newbies are never allowed to trade in the first place, unless they have gained enough experiences that will hone their skills and strategies in trading. However, since newbies would find it hard from profiting in trading, then investing on the other hand is a safer way to help them accumulate some profits. Regardless if you have gained experiences or not, as long as you always invest for long term goal, provided that you have the good mindset and patience required, then eventually making profits would will still be possible. The only reason why people never achieve good profits is that they are greedy enough to expect quick returns and decide to sell even when the price is still not reasonable and impressive to sell.

Actually could be possible your co-workers are talking about the long term investment with the use of the spot trading they are leaving their investment and wait for the market goes up as they want to take profit most of the newbies are doing this but the number of profit will depends on the amount of your investments, again the market is volatile so expect as you can that not all the time there's a winning trades. To make yourself more aware ideal to learn basic trading you can do spot trading too like scalpings take profit with the small price movement so you can not settle with holding your assets.

Crypto trading is different from crypto investment. If you want to invest in a coin, what you need to do is to know how to navigate your way in an exchange where the coin is listed and you put your order and you are hodling it until when you want to sell or someone can buy for you or invest your money if you don't know how to buy through the exchange. But trading require basic trading knowledge and that is very important because you can't give what you don't have.

Also, he can use it as a payment method if he has a business, which can attract more customers and also increase profits. You are right about selling your services, like here in the forum, or there are other tasks like graphic design, video editing, and other microtasks that you'll be paid for with bitcoin. There are tons of ways to earn, but trading is really the main one that all of us can do, like buying and holding it as it is still trading, but it will take more years before you sell it.

Focus on DCA and in less time, you will start to profit in crypto without getting yourself involved in trading. Trading is a lot more risky that’s why some people are hesitant to start to trade, and so they just focus on investing and with their patience and their ability to manage their investments for long term, profits are definitely waiting ahead. So investing alone is already profitable, as long as you stick to its basic of buying low and selling high.

It's investment. Investment in Bitcoin, I want to emphasize Bitcoin investment, will help you get profit. Investment in altcoins will be more risky, uncertain and mainly will bring losses.

Investment with your money, don't borrow money and buy bitcoin, then think you are investing in Bitcoin. It is gambling when the money used is not yours.

Trading is more risky and more pressure. It takes more time from you too and if you don't have enough time, trading is not for you.

So thinking about more risky, more pressure, more time must be spent for trading, I would give it up and consider alternatives. As said above, it's investment which will be helped with dollar cost averaging DCA.

https://dcabtc.com/

Investing alone will make you benefit in crypto because the more coins you invest particularly bitcoin, then the more profits you’ll gain once the price has increased a lot from the time you bought them. And selling them when the market turns bullish will make you very profitable and productive, even if you are not a professional trader.

You don't have to necessarily be a day trader or a professional one to earn from crypto as a newbie, by the way, is there any newbie who becomes a professional trader overnight ? lol.
As a newbie who wants to make money in crypto, you can still achieve that by finding a very good and low risk crypto coin to invest in while they are still cheap, example of low risk coins are usually coin in the top 50 or lesser according to coin market capitalization, but then, if i must mention a name, then the coin with the lowest risk is always bitcoin, you can buy coins like bitcoin when the price is low and sell when the price rises, you can keep doing this repeatedly while learning how to trade like a pro, as soon as you become  very good in trading, you can start making profits daily depending on your consistency, knowledge and level of patience.

the chance of earning your profit as a newbie will always be there. however, it depends on the coins that you want to try with. a newcomer can always try their hands on in trading but should use a small amount of money to grasp what is going on in the crypto market. you won't know the feeling if you will just read. so as a start, you can trade using spare money. and it doesn't mean, you will lose it all, if you are lucky, you can already get your first profit. so yeah, even newbie in trading can profit from this market.
but don't get scared when you lose, that's part of learning the trade. even the so-called experts have had their share of losses and still losing. but they already know how to cut losses if in case they are on this side.

Investments these days doesn't pan out much. If it were the ICO days at the peak of 2017 bull run, I'd agree. Now, not so much. There's too much regulatory scrutiny that no new project will launch a token via a sale without mandatory KYC submission via the participants. Major way now is to just buy existing tokens or just Bitcoin. While investments like that work, the price doesn't tend to do much because of the bear market we currently are in. The major people benefitting now are those who bought Bitcoin and other tokens during the FTX crash and fud in November 2022. Other than that, not so much.

These days trading > Investing as the market id often in a range.

For newbie traders, i am not always in support of them jumping into trading real funds right away as a means of testing their legs on the waters, technology has made it very simple for those who are willing to learn to learn trading by actually trading without having to use real money, like I've mentioned in one of my previous comments on another thread, several advanced crypto exchanges and forex brokers offer users and potential users the ability to choose between trading on a demo account of live account, Demo account mean the trader doesn't have to trade with real fund, but still makes use of all the tools used in trading real funds, this is one of the best ways to learn how to trade before committing real funds to trading, this is actually for those newbies who cant risk losing too much for the purpose of learning.

First, there is a big gap between a trader and a normal investor. A trader is basically someone who frequently buys Bitcoin or Altcoins at a low price and sells if the price is high, while an investor only buys his desired coin (Bitcoin, preferably) and holds it for a long time when they have made a huge profit. To become an investor, you don't need any trading skills or courses before you can successfully invest in Bitcoin; all you need is to know how and where to securely buy your coin and how to safely hold it on your Self-contained wallet.

Actually it depends on the trend of the market at that time. For example if you see it right now there is a difficult chance that they would make profit anytime soon because market is very sideways. But at the same time if bull run comes in an year the returns on the money of that person in just 2 years might get upto double or triple or even more than that in altcoins. So yes on a 5 year scale I Am quite confident that crypto will be profitable.

When you are just starting on crypto field then it would really be just that wise on making yourself that be reading up on towards different things correlated to it. Bare in mind that trading isnt the only
way on making yourself that able to make money or profit here on this space. We do have investment and other various crypto related jobs on which it could really make you earn. Trading isnt the only way but this had been the common option on where most people be dealing off with but of course its not that something that would really be easy because most of newbies do really jump in directly without even trying to look out on what are the possible risks that lies ahead until they would be able to experience it on their very own eyes. TEsting out waters is recommendable and this is why
its never been wise on making use of huge capital or money that you would be putting in specially on the time that you are just starting.

I believe it’s only a myth because the crypto market is not just for trading alone, but everything starts with investing. And those who carefully invest with caution, with high knowledge on the coins they are investing, have high probability to be successful and be profitable in the market. However, if you are skilled in both, investing and trading, then the more visible profits you will gain in the future.

When a lot of whitepapers are created by hired workers, even a good whitepaper will not give any guarantee that the project is okay. The team can disperse at any time, any member of the team can hack and embezzle the collected funds, the collected funds can be spent incorrectly, and many other reasons for the fact that careful scrutiny will yield nothing. NOTHING. It all depends on luck and intuition.

The most crucial lesson for every new trader to grasp is the art of knowing when to sell, disregarding the distractions from social media that may urge them to chase profits at the wrong time. While certain coins may present future opportunities for more substantial gains, it's essential to recognize that some altcoins may not offer another chance to sell at a favorable price.

Having knowledge is indeed very important, not only for newbies but also for anyone who carries out trading activities. Because after all, learning to have knowledge is never ending, there will be a lot of information and technology updates that require us to always upgrade this knowledge if we want to be successful.

Knowledge in trading is very necessary, it does not always guarantee 100% success for always profits. But at least by having sufficient knowledge, this will minimize the risk of big losses. So, this is really important.

For me, if you put your money on things that you don't know, it is more likely gambling.
Trading is not gambling, we must sync that it. Trading needs technical skills that need to learn over time.

Take note also that even experienced trades can lose such money, that's why what can you do if you know nothing and trade?

Technically yes but in trading, you should have the knowledge about how it works or else you'll just lose the money.
Trading is not easy because there's a lot of things that you need to consider, the indicators is a big help but again its not easy to learn it.
It takes time before you actually have a good strategy in  trading, and while doing this you can just try other options in cryptomarket to make money, investing is a good one.

The keyword here is "new investors".

I can consider myself a new investor if I just invested yesterday, but I have gained lots of knowledge because before I invested, I learned for at least a year. Now to answer what your co-workers said, new investors can still make profits even they are still new thru just buy and hold. On the other hand, new investors can't make profits if they don't have any skill or experience in trading because I believe that experience play a huge role when it comes to trading. New investors can still make profit, but not in trading (at least for me).

Buy and hold.

This is so far the easiest way to gain profits in cryptocurrency. Knowing that crypto is very volatile, and quite unpredictable, there's a chance that your money today might go up double digits after few weeks just by holding, but of course this isn't always the case as it might go down double digit percentage as well. This is how newbies can benefit from crypto investment. Getting profits thru this method will take a longer time compare to if you are trading, but it's safer, and lesser stress.

that is wrong for me , because even if we are not trader still you can make profit from crypto market buy Investing meaning HODL? or you can do some staking ? and also there are what we called Short term trading in which you need not to spend whole day watching your funds.
but being newbies? it is not advisable to just enter and invest or trade because the more you eager to earn is the more you will fall from traps and wrong decisioning.

Without knowledge and skills will not benefit. Acquiring knowledge and skills requires a process. A very important process is our desire to get it.
Perhaps the goal was not meant to discourage people from investing. Sometimes it takes a long time to run the process.

It is better to invest than trade in crypto space. Choose Bitcoin as an investment asset and hold it until the profit target is reached. Due to the large number of altcoins, choose one that has a strong and large community in the market to invest in if you want to invest. Most altcoins will end up in vain.
Trading is too risky to lose for beginners who do not have expertise in trading.

That's true, and it's very obvious that before you make profit in trading you most understand the rudiments of Trading but sometimes people I think in trading it's something that you will make just like that without having the pre understanding or knowledge of trading skills, even in bitcoin investment you have to acquire the knowledge first before venturing into it's investment, this is one of the major reasons while people do land into lost during investment or trading, at least having the scope it will help the beginner to know the preamble of what trading or neither investment is all about and failure to learn it properly, it will definitely leads into disadvantages and the disadvantages is all about loss. So in trading we have to take an adequate precautions so that we will not end up  losing our capital towards the investment.

Very well explained. A lot of people confuse themselves between these two when they are buying Bitcoin, they think that they are getting involved in trading when in reality, they are just investing because they won't be trading those Bitcoins back and forth only to gain short-term profits but they will be holding them for a longer period and only sell them when they think they are getting enough profit as per their desire or caliber, and then they buy again when the price drops.

Newbies generally don't know what they want to do when they get into cryptocurrencies, they sometimes want to become investors because they don't know much about trading and the market in general, but they also see people making trades on a daily basis so they get confused whether they want to become traders or investors.

Buying Bitcoin and selling on a certain point could be considered also as trading but the thing that fits out for it to be called that way is on dealing in a short time and you do really have the point that buying simply cant

really be called gambling in the first place. When we are still a newbie then it would be understandable that there would be lots of things which is lacking and would really be resulting into bad decisions
which it would really be resulting into losses but thats the normal cycle and situation because even veterans are ones noobs too but due to experience and awareness then you are really that
making yourself way more better as years passing or month is going on.

Mistakes and errors on which it would really be just that normal on having that kind of situation, the importance on this one is that you would really be able to learn up
from those errors which would really be helpful for you afterwards.

Yup, there definitely are other options besides trading. You can simply just buy and HODL for a long term and get profit from it. To do this, you don't need complicated trading knowledge. The only knowledge you are going to need is how you can buy it and what coin it should be. One more important thing which is necessary to learn is how to secure your wallet and which wallet you should choose. Everyone will recommend hardware wallets and that's the best as you are going to HODL for a long time.

If you are looking for a high gain and secure investment plan, choose Bitcoin. It is decentralized and this will give you much more freedom and security. HODL it in a personal wallet and wait for price pump. One thing that helps a lot when you are starting your journey is learning DCA. Do your own research on it. This will give you a chance to further maximize your profit. But all that is needed is patience and will to wait for that long.

Trading is certainly a profitable way to earn from crypto but if you come to trading without experience but basically more on greed, you will only gain life changing losses instead. That’s why some traders never last long but only focus on in investing and hodling bitcoin for long term. That is way more calm and relaxing, and even less stress but still you are earning like trading.

From the point of view of the difficulty of acquiring the necessary skills to profit from the markets, investing does in fact seems easier than trading, but this does not mean that investing is easy, holding can be one of the most difficult things you can do, and if you do not believe me ask the people that held their coins during the crypto winter if it was easy or not.

Still once you develop the necessary skills then investing almost becomes an automatic activity and its difficulty decreases considerably.

This is the reason we have to decide what we want to be before we invest our money, if you want to be a trader you have to start learning how to trade and not wait until you have already bought a coin before you start learning how to trade. Trading is just one of the ways to profit from the crypto market so you must not learn how to trade before you profit from crypto. You can decide to do with your coins whatever you wish, you can decide to be just an investor or both.

Newbies can make profits from crypto through investment, staking, mining, trading, lending, airdrop etc. As a newbie you shouldn't depends on just one ways to make money because the market mightn't be giving profits in one of the ways which means you have to switch.

it's not a myth but a fact, how can you make a profit in trading without basic knowledge of trading itself, don't say that trading is a scam even though you are wrong yourself, you don't have the capability to trade.  You can do it self-taught, but it takes decades for you to have good skills in training, so you should try to read the basic knowledge of trading first, try trading with a demo account before really playing with your real money, don't underestimate this easy thing because if you fail to build your trading instincts from the start, you will never make a profit from trading forever.

I disagree.

You need knowledge on what you're going to do before you actually to do it, to have a better result, just imagine investing in Bitcoin but you didn't know what is a Bitcoin address and where to buy it, or what wallet you should use, when is the right time to buy and sell, etc.

Without those knowledge, you'll end up losing your funds because of commiting mistakes, and you don't want that. Even if it is trading or holding, you need some knowledge for you to maximize the profits you can make in the long run.

Yeah, it does require some skills to invest. But learning them won't be that much difficult as trading. Emotion control is a part of both trading and investing. If you don't have control over your emotion, such a thing could happen as you mentioned. It is so important to learn emotion control for this reason. Either it is investing/HODLing or trading. If you get a grasp of this particular one, then everything that is in investing sector becomes much easy.

HODLing is not easy and I do agree with this. But the thing that causes the problem is mainly emotional decisions. Investing takes patience and will to Hodl long. After that, you can analyze the market or invest right away. In the long run, it won't make that big of a difference. So to me, investing is easier than learning to trade. Maybe this is why they say, "Trading is not for everybody".

It’s certainly a myth only. Trading is said to be very profitable especially for those who are skilled and knowledgeable traders. But investing is also a means to make profits especially for those who are long term hodlers because definitely their profits will be a lot bigger. However, I would say that both can still be profitable especially if they trade or invest accordingly.

Well I will say that have the preliminary knowledge  of buying and selling is necessary  before think about any other way to make profit in cryptocurrency.  With that been said, there are several  ways one can make profit from cryptocurrency without having to be a day trader or a professional  trader and one of the best ways is to just buy and hold and this has been proven to be one of the safest and less risky ways to earn from bitcoin  but to me it works  on the principle  of the higher your capital,  the higher your return and hence you need to have some reasonable  sum if you want to succeed.

I've heard of people talk about staking but I haven't done it before so wouldn't make any recommendations  for that but I think you should check it out and see if you can give it a shot.

False. Just buying cryptocurrencies and keeping them as an asset will make you profit, by a lot sometimes.
It is the new gold so we don't really need to do anything to make some money out of it.
Actually, the mistake is newbies trading at their early stage will be the problem. They don't anything about the behavior of the market and yet they already going to war. Without guns, without bullets, and without anything to protect them from the manipulative fluctuation of the market.
The safest method is actually just buying it, storing it, and letting the market decide if it's worthy of more demand. We do our research for that, real investors do.

I agree with you. I think you should be capable of learning somethings and if you learn it well then you should also gain experience after that as well. I know that not many people see it that way and because there were few newbies who got rich, maybe richer than some veterans, during the bull run because they hit the jackpot and got the right token and made some money.

But they wouldn't be able to do it again, it was pure luck and sometimes that happens and that's understandable. In general though, we are not going to see those people making those type of changes, they are not going to end up with a lot of profit and we should probably see them have different approach for sure. That's why they should learn more about it.

If it is a longterm investment that requires one to hodl Bitcoin I don't think one needs much knowledge to hodl Bitcoin, in hodling what one needs to understand is just to have patience and not to be in panic if the market is going dip because it will definitely come up again.  Trading needs more knowledge,  it is impossible for someone who knows nothing about trading to start trading and will succeed in making good profits out from trading. Their are rules and principles in trading, their are also strategies in trading that beginners needs to know before starting trading.  Trading is not luck or gambling that anyone can be lucky to win, trading is a skill and institution that people needs knowledge to do it proper to reduce the rate of money that can be lose.

Still, for long term investment if you don't have know idea what you are doing you will experience panic everytime the market dip or everytime you will check your PNL, they should know at least the basic one. In everything knowing nothing is pure useless, we should do a little bit effort in order for us to make it successfull or in order for us not to regret things because we fully understand it.

The learning part is the part where people just ignore all together and not even care enough. They just think this market is a place that you could make money easily and jump in and lose money. So the whole "myth" of newbies can't make money was created, because majority of newbies come in thinking they could make a lot of profit but then we ended up not making anything work at all in the end.

This is why we should be considering this as a big issue and not really come up with anything that would change anything in the end. I know that it is not a simple thing, but if we could just make newbies realize that they can't get rich quick, and just have to learn and study to become a good trader, then maybe it could work and newbies won't lose money.

Of course, it's a myth, anybody can buy crypto currencies today and profit from their rise. It doesn't matter if you have 10 years’ experience or if you heard about cryptos the first time. Just because you are a newbie doesn't mean that you are only going to lose with your trades. Luck plays a big role in trading as well, like in gambling and when the sample size is very small the variance is going to be large. The difference between an experienced trader and a beginner becomes visible over time. A good trader knows how to react to changing market conditions, whereas the beginner will probably react too late or not at all. My recommendation for any new trader is to not overtrade, the motivation is high to trade many different coins. This will mostly likely only lead to losses because we have to pay a lot of transaction fees. It's better for beginners to hold their coins longer and let the price go up over time. As long as you are invested you are going to profit of the longterm upwards trend.

The main problem is figuring out which coins are worth keeping. You can keep a lot of coins - but they will all be either fraudulent coins (that can't be sold) or memes (caliphs for an hour). The biggest problem arises if a beginner follows youtube bloggers' advice about buying coins

It’s based on different people,because the people who ready to learn trading.They will learn trading skills in the short period of time,then they can earn huge profits in short period of time.Trader with knowledge will earn,it doesn’t mean they are newbie or experienced.The application of skills on real trading is important.The analysis is based on the recent data,then the analysis can be used.If you have any old data and used that data.Their is possibilities for wrong analysis and can’t be worked fine.

There is only one possible good way to consider that you can generate returns from crypto besides trading - that is investing. You just need to buy, withdraw to your wallet and hold it for a certain period of time, it will give you returns in the long term especially if the asset you choose is a potential asset.

The simple way to trade is to buy low and sell high - but of course it's not as simple as it sounds.
Study and keep learning - you will definitely gain experience from there. If you have doubts and are afraid of possible losses after buying - then do DCA.

A trader must have experience and strategy to make a profit. Without experience it is never possible to be profitable not only in trading but in all fields people need experience. To be profitable in crypto one must first gain experience about the market and beginners need to know about it first. When a newbie goes to trading he has to know all the things and follow different aspects but he can gain experience and then he can profit. It is true that trading profitably requires experience as well as gaining knowledge and taking advice from good traders. And if a person trades by focusing on all these things then he can definitely profit.

But it is also possible for beginners to be able to take profits, I think it all depends on the knowledge he has, there are many ways that must be learned before starting to trade and if someone has mastered these things it is not impossible as a beginner to be able to take profits and also I believe in luck.
And the matter of experience is indeed very important, it is a very valuable lesson from trading experience that has been passed, maybe on the way there will be a lot of trading knowledge that can be taken.
In my opinion, whether you are a beginner or someone who has been trading for a long time, profits don't always come. Everything has its time and the experience and knowledge you have is to increase the possibility of profit.

Investing is safer than trading, but even if you choose an investment you still have to know the basics of trading because investing starts when you buy the coin you choose as an investment, and sell it when you want to make a profit
What he said is not entirely true because sometimes you can get bigger and more definite profits from an investment compared to trading, which is sometimes the market is very difficult to analyze because many things can make what has been predicted not go well, bbut if he wants to deepen the knowledge of trade that's not a problem is just trading is not easy and suitable for everyone, more traders are losing trades.

It's not a very simple question. And a beginner is different from a beginner. Basic knowledge is required to trade. I don’t really understand how a person who has no idea about investments or trading can make money. It's like a plumber comes to you and will try to fix something without having an understanding of what he is doing. Must have at least some knowledge.
It is also worth noting that investment and trading are not quite the same thing. In investments, a beginner has more chances than in trading. But over a long period of time, this can fail. Beginners rely more on luck. So it's more like a roulette wheel. It might work once or twice but it won't work all the time

I think if you work hard enough, then you can do anything in life. Unfortunately not everyone has the time to work hard enough, and many are tired and not have the needed stuff to do it. You may think a simple PC and a monitor to follow up could be easy, but waaaaay too many people do not have one as well.

This is why it is quite important to realize that you are not going to end up making a profit, it's just not going to work out in the end. I also hope that it gets to a point where we can make a profit overtime, but we need to spend a lot of time on it. So, it is not going to be a profit on the first day, it is going to take a lot of time to make a profit and that's why if we are unsure about it, then do not start if you need money quickly.

Trading in the Crypto market is just like learning how to read. You must learn various things that will make you get to where you need to get to and learn the market in the right way not jumping from one market to another one just to make profits from them. Profitability is one factor that keeps us in the market for long and if we know what we are doing, we are not going to become the victim of the market. When the profitable traders have taken there profits from the market, it is important for us to make proper research before getting into the market because this is when fake out mostly take place.

You see, you cannot success anywhere without knowing the basics. If you success once or twice, it's like a Russian roulette, you will lose more. That's why it's recommended to invest only that amount of money you are ready to lose.
Knowledge is the key. Always remember that

Guys, I mean what other ways will benefit newbies from crypto investment without having to be a sunburgean in the sun or a professional businessman. Because I believe there are other ways to earn besides trading.
It is valid and it is true that when you have no knowledge of crypto you will not get a future income. It's just like that, but you'll be a driver if you don't know if to drive a car? You should train or find out first and study these steps. And then you apply a license if you know how to know, just the same in Ceypto Trading when you find out, first find out the coins you are going to sell if you really sell it This.

All you need is just the basic knowledge of performing a P2P, or how to sell or buy from an exchange (if you don't mind using centralized exchanges).
You need to know how to buy and sell because, one way or the other, you are going to buy your Bitcoin from somewhere or someone and you are also going to sell it (whenever you want) to someone or somewhere.
So all you need is how to buy and sell or exchange your Bitcoin and you're good to go.

On the issue of profit, if you're investing in Bitcoin then you have a higher chance of making a profit, can't say the same for altcoins. Although there are altcoins that can give you profit, the problem comes in knowing which from which. 


OP wasn't asking if you can make a profit in trading without trading skills, he was asking if you can make a profit as an investor with trading skills.
I don't think you need trading skills to make a profit as an investor. Just know how to exchange your coin and that's okay.

Whatever it is, someone who doesn't even know how to trade can never get a profit from cryptocurrency trading because the logic is simple, you can't build a house if you are not a constructor, you can't operate a patient if you are not a doctor, and there are thousands of other examples that show that you simply can't do a thing which you don't even know how it is done. So, when you get involved with cryptocurrency trading, you first need to know how things work.

If it was that easy to earn profits from cryptocurrency trading, no one in the world would lose any money in it which is not the case because you can always find people crying that they've lost so much money in trading and you will see them accusing and abusing cryptocurrencies for ruining their lives, etc.

It is actually very simple to discuss this, as you said and you have explained this understanding in a very digestible way. There is no way someone can make a profit or income from trading if he himself still does not know what he should do to start. But this is not a bad thing for them, because as a beginner it is still natural, and they can still seek a lot of references from some trusted sources or special mentors to seek knowledge there and start everything from scratch with their own trading style until they can finally make a profit. To get something we want, whatever it is, there must be a contribution first or hard work that we do so that we can benefit from the results of our hard work.
It's true what you said, many also experience losses in trading in cryptocurrency, in my opinion this is a natural result for us as traders, because we will be between profit or loss positions there.

Of course, there are other ways for a newbie to make money without engaging in trading. The only way, in my opinion, to make money in the cryptocurrency sector if you don't want to trade is by investing. A novice can put money into bitcoin, wait whatever long they want for it to accomplish their goal, and then they will have invested in crypto currency without becoming a trader. Remember that investing requires some fundamental knowledge, although it is not as difficult as trading.

But you can make money even from trading. The issue with many newcomers today is that they prefer bitcoin trading instead, which is also not a bad thing. However, these same guys who prefer bitcoin trading or other cryptocurrencies are still the ones who don't want to settle and learn how trading works, which is why they typically give up in the end and conclude that trading is not for them.

This is why people should learn how to trade but the question here is that if it's true or not. I feel like it's true but it's not as true as people think it is. What I mean by that is the fact that there could be rare cases when newbies could make money by getting lucky as well. Look at the most earned coin of the day, even on the worst days there are some that went high, and there could be a few newbies who got lucky by having that.

I know that the odds are low, but it's possible that something like that could have happened. I believe that's the difference here and that's why there is a big difference. I believe that we need to focus on the majority though, and most of them do not make any money at all from trading.

that's what beginners do without knowledge and find trading easy to do. indeed not all beginners traders are stupid in starting trading, but more of them rashly start trading and end up losing.
investing in Bitcoin like your advice is one of the best alternatives for beginners. though that doesn't mean it's easy to do. but at least investing in Bitcoin will make it easier for beginners to understand how the market and also the actual trading is done better. everything still requires a process that takes time and also capital.

Rashly if they buy at the low price then they are going in the right direction, except if they sell early too not waiting for the price to pump upwards.

It requires patience and newbies can build up their stash gradually depending on how they are earning a salary or collecting bitcoin from campaigns and all. Its a slow and steady race unlike some altcoins which imply a false get-rich-quick scheme and the eventual loss of newbie investment money.

We all have been newbie traders at one time or another. The important thing is the learning curve and the patience that made us separate from others.

Yes, making money through trading is as easy as it is risky.  Because if one does not have good knowledge about trading and does not have a skill then in that case he will not be able to make good profit from trading and on the contrary he will lose in trading. In this case, Newbies are at risk because they don't have good knowledge about trading and don't know good trading strategies. In this case, they borrow from others and join various paid or free signal channels and follow them and trade

Absolutely true, i think not only newbies but also everyone can't profit from crypto without knowing how to trade. For proper training everyone need proper knowledge about it. So mainly newbies at first need gather knowledge about trading then they can start trade. It is very important for traders. Without proper knowledge Newbies could not possible. They will loss his valuable fund. And Couldn't able to profit from trading. So i am agree with you. So you told appropriate newbies  to profit from crypto need learn about it.

Be it trading or investment in crypto, all involve risk and there is no guarantee that the coin you buy or project that you invested in today will be there tomorrow without going bankrupt or even going rug pool tomorrow. Looking at the Luna and FTX projects that collapsed taught us a great lesson, except when we talk about investment with minimal risk, then we can talk about Bitcoin. People can trade and make their capital today and can also lose the same capital today verse Versa, It really depends on the one that works for you, then go for it.

It will be good for those who want to trade in new situation if they can start trading with good understanding about trading. There is some risk while trading in new situation. One should accept this risk and start trading and accept profit while trading.  And it is better to accept loss and trade. Those who start new trade sometimes lose all their money due to small mistakes. One thing should always be kept in mind while trading never be greedy be satisfied with small profit.

Not only newbies but experienced traders also does not get profit all the time because trading is very risky and for newbies it is too hard to take profit because they are new in the field.

Once a man takes the taste of profit in trading then he does not think what will happen next but trying to put more and more money even he accept the way of borrowing money from others. So in this situation trading is not trading but trading adapted the way of gambling which is not a suitable way of earning.

It is not necessary that all knowledge you achieved before trading then you will never face defeat but actually these little mistakes occurs only to make you experienced trader, you will work to overcome these mistakes so then you can get your goals successfully.

Exactly, Knowledge comes first, there's no such thing that you will stake your money at crypto just to rely at luck. As a newbie you know to yourself that you lack the knowledge so you must learn even the basic background about trading. Because in trading, it might give you a quick profit but it also gives quick loss. Imagine you're trading on some alt coin you don't even have any idea about it's past market value and analysis it's like playing some games. Remember that losing some funds or assets it's part of your journey in the crypto, but once it you keep losing and losing continuosly for sure there's something wrong on how you trade. I think mental and emotional state of the person also has an impact in here, if they can't remain calm and they panic it could just worsen the risk.

Those initial conditions or situations would really be your learning curve and something that i could say that it would really be that totally inevitable in speaking about those mistakes and errors on which
people would really be able to experience specially if they are really that a complete noob. Veterans or professionals are once newbies too on which they had able to experience out those kind of mistakes.
Learning do comes from your own mistakes and it would really be just that right that you should really be making use of these things as your learning stones for you to make yourself better because if not then you wont really be finding yourself to be that progressive and this is something that we must avoid in the first place. Dont mind about others about having that fast pace kind of approach on learning things. Just mind your own and taking it into the slow pace as long you do find yourself that having a progress then this is the most important thing that should be done.

If the trader is new or very old, if he can't choose the right coin at the right time, it will be a big problem for him to make a profit.  There are some risks, some time there is a possibility of profit and some time there is a possibility of loss. It can be very good for the new people who want to learn trading, if they start trading with a small amount of money.

It's pretty clear that trading is like learning to ride a bike—takes a bit of time and a few scrapes, but you get there. And yeah, trading and just holding onto good projects are two different ball games. I remember when I was just dipping my toes into crypto, I started with sites like crydis.com (http://crydis.com) and also checked out newsletters from cointelegraph.com (http://cointelegraph.com). Super helpful in giving me a head start at low cost and pushing me to dig deeper. Trading's got its ups and downs, but staying informed sure does help.

But yeah, jumping in, doing a bit of homework, and getting the basics down is the way to go. Nothing's a sure shot in investments, but with the right resources and a go-getter attitude, even us newbies can grab some wins. Crypto's a big, big world, and there's something in it for everyone. Let's find what works best for us and roll with it! 🚀

It is not easy, trading requires knowledge. Trading in crypto without knowledge about crypto will only make you lose. Because you don't know any strategy of crypto trading. Sufficient knowledge and experience is required to earn from crypto trading. Without knowledge you can never earn from crypto. Because crypto trading is very volatile.

basic knowledge in trading and investment is of essence but its rather different when it comes to investing a little bit though, in investing entry is everything, you get lowest entry ever for your investment.
the profit is almost certain, had you bought at the lowest point thats where fear is everywhere exactly back then when many project are collapsing, then you're already up for few percents right now.
thats why its always recommended for people that don't really want to deal with all the inconveniences involving daily trading to just invest instead.
but i honestly consider the fact that newbies can't profit from crypto without knowledge as simply myth, trading daily is all about speculation honestly, you just don't really know how the market will turns out despite already making some analysis based on charts, thing just can go out of your way. therefore newbies could also get profit from random luck honestly.

Knowledge is a must, but experience is just a plus because you can't gain experience if you don't have knowledge of it, as you acquired it during your trade. That is why it is better to focus more on learning and making your own trading strategy rather than just following those trading signals that you couldn't understand since if you follow them for sure, you'll have problems in the long run, like if the signal group is gone, what will you do next?

Dont look for other ways when in crypto. Any other way is a trap . Be it high yielding crypto investments or any new staking program. Yea its true some would work but most will end up being in a scam and you will loose your money. I suggest just keep investing in major coins like BTC and Eth. if you cant be regular trader then just simply buy some amount every month and dont look upon your p&L for sometime. In the end your result will be fruitful enough.

Your coworkers are right and valid, dude; the real profit in trading here in crypto or bitcoin depends on your understanding of trading. Don't be like others who only rely on guesswork or chance. Trading in this field really requires you to have an understanding of and know how to read charts and graphs.

Study what you need to know; don't trust what you know; you need to research what tools are needed to know how to conduct trading activities in this industry. Yes, it is not easy, but if you are determined and have dedication, you will understand it as long as you have patience. And never stop learning; instead, continue to learn.

I agree, we should be focusing on learning and gaining experience to eventually become a good trader on our own. It might be helpful at the start to follow more profitable traders and try to copy their strategies. But no strategy is going to remain profitable forever, at one point the market will change and we need to adapt. Luck can help a new trader to turn a profit in their first investments, but luck is not going to be around for every trade. Without putting in the time to learn at least the basics it will at one point lead to a big loss. Accept help and ideas from others, just don't count on it to make profits for you. In the end we all have to make our own decisions and should do the same in trading. The benefits for getting knowledge and experience in investing and trading are huge and we can use them for the rest of our life. I would say that the more money we have to invest the more time we should spend on learning the art of trading. And even experienced traders can still learn new things from time to time. Remaining open and curious paysoff in the longrun.

High-yielding dapps or projects promising high returns upon buying and staking their native tokens are never a good way to make investments if someone wants to experiment with such things they should only invest a very small amount but risking big money on such things is pure foolishness and it is obviously better buying and storing Bitcoins if someone doesn't have knowledge and experience for regular day trading because we all know Bitcoin performs well.

Newbies usually lose a lot of money by investing in new projects because they get excited when they see high returns they are promising on investments or staking on their pools, but they need to learn to do some research and understand that what looks too good is hardly true so it's better to stay away from it.

Staking BNB can be a recommendation for experimenting because we know how BNB can provide security to its customers, plus they always hold launchpad and the main requirement is to have a BNB coin that is stuck, so maybe this is a better choice, and I think if I want to Doing it for the long term is not a problem because the risk is not too big like other coins. BTC and ETH work well, and we pay attention to it for a long time until today, it is better if you want to invest in Crypto for the long term both Can be the best choice.

Trading for a beginner is quite difficult, and on average from them suffered losses, I also used to do the same thing and suffered losses too if Langdung plunged into trade, but over time, a knowledge of the loss would come that could make the skill Trading is better for profit.
On average, they are interested in new projects, because they see a significant increase and I am sure we all experience the same thing at the beginning of the purchase of Crypto, but it is a natural thing and must be passed by a beginner, right?

The trader should learn more about the trading and specially the trading risk before investing your money.If you are ready to hold for the longer period,the loss is almost possible one in crypto currency.The important one is the invested project must be good one,if not we can say the invested money is back.Many fake or dummy project in the cryptocurrency also,So the trader should ready to find the background of the project before investing in cryptocurrency or stock market.Both the trading need of background verification.

The basic is very important, there is no way you can swim without  learning how to, The same goes for trading you can not trade with knowledge because of the risk involved in it, and day trading involves a lot of risk but is extremely profitable and holding for quite a while to see its profit, but it requires patience, and the analysis aspect is beyond basic, and very technical, It takes serious mastery to master such an action, and if a few is depending on luck while dealing with bitcoin can be risky, I feel if someone lacks expertise then after learning the basic holding is much more safe.



There are various aspects that can help keep money safe, as I mentioned to the other person, luck is a strong word to actually believe in. It is extremely straightforward if the newbie is serious and is interested in participating in Bitcoin, then knowledge must be highly embraced, Even in this forum there is a lot of information about trading and much more, similar to a library to whatever information that is needed. and losing money is something no one can avoid in crypto.            

Trading is not the only means to make it big in crypto. If you know how investing works, regardless if you’re not a trader, I believe you will still be in profits as long as you intend to accumulate and hold bitcoin for long term. That way, you can maximize your profits when bull run starts if you also maximize your preparation at the beginning. That means buy and hold a lot of cheap bitcoin when the market is bearish so you can sell them when the market is giving a go signal to sell for profits.