Bitcoin Forum

As beginner in Bitcoin and for someone like me who's trying as much as I can to know more about Bitcoin, I always hear people advice: "Don't trade too early"

Yet, it's really not easy and very tempting when you see price swings every day. People will say just HODL for years, while others say that short-term trading teaches you faster.

For Newbies like me who are still trying hard to gain experience, what's a better and smart approach? Should we just focus truly in long-term holding until we really gain full understanding of the market, or is there value in starting small with trades to learn by doing?

One thing trading will teach you early is about loss.
As a newbie you don't have to trade as you have heard but rather take your time to learn about the risks and the market in general. The time frame vary from individuals but one thing is sure after learning and acquiring knowledge, you will be able to calculate your risks or put a risk factor when trading.

Also, with time it will be clear for such a person to know if they should continue trading or opt for HODLing rather than throwing money into the market and making no profit.

Since you are a newbie, i would advise you to stick up with gaining understanding of how the market works and stay away from trading practices for now. Newbies are discouraged from trading because at that early stage it is believed that they have no experience of how the market works and might be operating based on their emotions. Focus on buying bitcoin till you acquire a stash in your holding then you can decide to sell since by that time you must have fully understood the market.

I think it is not easy for a new person to achieve success in trading, it is very important to acquire specific knowledge to trade consistently, along with the ability to analyze the market and apply strategies, one mistake while trading can cost us all our money, so it is very important to always train consciously. You can earn money by trading, but you have to manage it efficiently.

It would be best to learn rather than to trade as a newbie. Better still, you take your time to learn the market swing properly before going into it, as the crypto market is very volatile and highly risky.

Trading is not what a person would just dabble into just like that without having a prior knowledge of how it works; they must learn some skills and also technicalities, as it revolves around trading and market trends. Do not forget that trading needs some expertise to be able to navigate through while doing the exercise, so in that course, one must be fully equipped with sound knowledge of the market before going into it.

Before a beginner will have to buy or hold a coin, he must understand some basic background study of how to go about these first, choosing a perfect entry position is very important, which talks about how we buy and when, investment is mostly advised to come in when the market is bearish, then we take advantage of it to buy and hold.

Before you can sell, ensure that the market already exceeded the buying rate at which you entered the market, so that you're selling in profits and not on loss, there are market seasons, the bull season and the bear season, which I expect that you know how to make an entry or exit from each of them, now the beauty of bitcoin holding is this, the longest it becomes the more it's profit.

for me it is better for a beginner to hold Bitcoin for a few months to year max preferably before trading.This gives time for one to understand the market trend,reduce certain emotional decisions and prevent a short term price change.The value of Bitcoin can go up or come down really fast which is the more reason one have to exercise patience when learning .you also have to learn about how to examine the market space,risk management and strategies for trading.the more u spend in learning the more experienced u become.

Trading isn't something you just jump into.. you have to acquire enough knowledge and experience which sometimes takes years before you can truly be profitable in it. It is better to hold and be sure of your investment but while holding, you show be gathering as much knowledge as possible about trading and also practice. In trading you need to continuously practice which makes it different from hodling that you just buy and keep... It is possible to be successful in both as they are important in their ways.. you need to think long-term as that is how you build wealth.. then you need to think short term too as that is how you will survive fir the long-term achievement

The first question I will ask you is this, what is your motive before deciding to buy bitcoin? If your plan is to hold bitcoin for a long time then you don't need to consider trading. Although if your aim is targeted towards trading, you don't need any holding duration before you can start trading. Even though I don't encourage the idea of trading especially for newbies. I advocate that bitcoin is to be held for long term and not traded for short term profit. An investor is expected to hold his bitcoin for at least one full circle before considering to sell any portion of his bitcoin, and one circle of bitcoin is 4 years.

From what I have understand in this forum now I think holding and trading is two distinct things and it's better you stick to doing the one you think will be best for you. Newbies are advised to stay away from trading because of its high risk so obviously holding for a long time should be the safest for newbies and the most profitable.

For the time being if you lack knowledge we are advised to shy away from trading until you are have gained the required knowledge. Even with knowledge trading is risky, it requires understanding of the market to reduce the risk involved in it.

Being focused on profits is not good for any investor rather you should be disciplined enough to not be after the profit and just hold for as long as possible.

For the fact that you are still a newbie i could have suggested that your main focus should be on how to learn more on how Bitcoin works in parallel market but the purpose of learning you have the every right know best time that best to sell your Bitcoin, there are things that you should understand in life that there are things we learn on our own because of individuals mindset defer from each others, as a newbie you are, if you able to hold up your Bitcoin portfolio 4 to 10 years and you think it is the suitable time to sell of your Bitcoin, it is based on your plans and target when it is due.

There is no guarantee that anyone that holds Bitcoin up to 4 to 10 years will be in profits, we should hold Bitcoin for as long as we can be in a good profit which may be more than 4 to 10 years, holding Bitcoin for a longer period of being in good profit is not only limited to newbies it is to all Bitcoin investors both old and new, 4 to 10 years and above should be the best time duration to talk about when it comes to longevity of your Bitcoin investment, if anyone trades too early we will regret it in the future when Bitcoin must have hit lot of new all time highs.

what about the money you are saving or the one you have saved in the past, do you always need a form of validation from a third party before using it for whatever purpose you had planed using it for? before you even bought your bitcoin, you ought to have a plan on ground regarding how long you hope to remain invested in your bitcoin.

if you are a trader, then you can risk setting a short term plan for your investment if not, the ideal thing is always to set a long term plan that is geared towards reaping the reward at the moment but in the future with the hope that bitcoin will continue getting bullish. that itself is a risk but that is what investing in bitcoin comes with.

As a beginner who just started Bitcoin investment, it is advice to hold Bitcoin for at least 3 to 6 months before before going into active trading. During that period, the goal should be education, observation, and strategy building, not quick profits. Remember, patience and knowledge are more valuable than speed in the Bitcoin market.

Bitcoin’s price is highly volatile, it can rise or fall within hours. By holding for some months, beginners can:
Observe how Bitcoin reacts to news, regulations, and global economic events. A beginner can also learn the market cycles (bull and bear trends) work.
Beginner should avoid emotional decisions caused by short-term price movements.

Run away from trading and first focus on learning here in the forum. You can also use search engines for further questions and then first learn basic knowledge about bitcoin. I would say for now, look away from potential gains from bitcoin, and if you have gathered few informations about Bitcoin investment, and is able to figure out your discretionary income, then you can begin your investment with a long term plan in view. Short time investments or trading will lead you to mush stress, struggle and panic when bitcoin Dips. The best is to come in with an investment mindset for your peace of mind

In my opinion, if you are very interested in trading, then first learn to analyze the market and take good advice that will make you wise. Moreover, if you want, you can start trading with a small amount of money that you can afford to lose so that you can gain some knowledge about the market. Although trading is risky, you have to do it efficiently. If you are new, you have to gain some knowledge first and then enter the market. For beginners, I would say that instead of trading, they should focus on investing because there is more fear of losing money in trading but less risk in investing. Those who have held it currently plan to hold it for years and they expect to gain several times from it. So investment will be the best option for beginners than trading, but those who are interested in learning trading must focus on market analysis.

To me I think there is specific period one should keep holding bitcoin because it depends on Individuals whether they will hold for long or not, Holding bitcoin required you to know whether you have reach holding limits or you have succeeded securing the amount of profits you are intending to have when holding? All this things are what determined your capacity to hold, although from how I have understood this forum, many has preached for long term investment they should be holding for like 8 years and above this simply mean that you have experienced either 2 halving above only then you can make the required profits needed on your investment.

Holding Bitcoin before trading, you do realize that these are different aspects under crypto right? First of all what you need to be worried about as a newbie is acquire knowledge, this is the most important step required before you even think of holding. After knowing your way around the crypto market you would have to choose between holding amd trading, it's not advisable to do both. If you are holding bitcoin then you should just stick to it instead of using the profit you make to trade because you might even end up losing it all.

As a newbie I will say that holding is a better option for anyone, newbies especially, the recent price declines that followed after bitcoin hit an ATH were not expected but they happened to a point where bitcoin went below $100k for a short while, events like this are a traders nightmare, alot of traders even lost so much during that market crash so the idea of trading bitcoin isn't a well thought out plan and for this to be a bitcoin newbie's plan is even worse, best to just stick to holding.

Success is not a days job,as a newbie you need to have knowledge on what you are going into understand it, study it carefully learn from people's mistakes there losses.then you start small,even as a newbie you can trade but make sure you understand all of this then gradually you grow,so even thou you are having a loss it will not be so much.

In my opinion it doesn't really matter how long you hold Bitcoin or keep that would bring out your efficiency,is your understanding and knowledge towards it which makes one learn fast besides a treader can keep Bitcoin for 20years in the name of learning and still not understand when and how to trade it,one with understand,knowledge will come just for 6th months then supersede a trader with 20years experience
Another thing short term investment doesn't guarantees you a fast learner on how to trade,
Short term investment is mainly for  traders who has the full knowledge of how it works and not for newbies
As a newbie I think you should start with the long term trading since is a Year's investment it will enable you grow quick

I wouldn't advise you to rush in to trading now as a newbie that you are all because some other persons are doing it successful, try and learn more about it and the risk involved, however trading is more of losing regardless the common flag profits that literally actract many folks in it, is not that easy the way we presume it to be perhaps required a whole lot of skills, technics and strategies in achieving success so it's not something you just run into without proper preparation otherwise it will make you learn the hard way.

A beginner should buy BTC and hodl for long before selling, they have an accumulating target if a beginner can consistently be buying bitcoin ever weeks or months using the dca strategy you can do this for 4-10 years before you can think of selling.

I wouldn't say a beginner should go and trade bitcoin by buying and selling with holding for years it's a good asset to hold for long and not to trade for a short term.

But you know accumulating bitcoin might be very difficult and expensive for many of us and letting the bitcoin to  keep growing for so Many years like 10 years would really be a long term of patience and I am truly aware that not all holders would have such patience but can we not secure our profits if we have made enough profits already from the market or must we wait till that certain years or we can easily take profits and keep holding or we should let profits accumulate so much more till the next coming 7 to 10years. And also can we apply same strategy to other altcoins like ethereum, BNB, SOL, XRP and many others.

It depends on how much your money is worth to you and whether you are willing to lose money or make money. If your money is worth to you and you are more interested in making money, then you can focus on long-term investments, which will be better. Bitcoin is not a quick money or get rich quick scheme. So the faster you try to be, the more you will lose, it is important to note that you will gain experience in the market quickly. But you will never get your money back.

So I think it is not wise for us to rush into anything, since we can learn about the market slowly with long-term holding, so there is no need to learn quickly by losing money. I would always discourage a newbie in trading, especially, because to start trading you have to learn to lose and accept it.

When it comes to bitcoin investment there are people who are bitcoin traders they only accumulate and hold for a very short time and then sell while there are people who accumulate bitcoin and hold for a very long time from 5 to 10 years.
I will not tell you which one to get involved with however I will only tell you the advantage and disadvantage of this two bitcoin investment strategies.
When it comes to bitcoin trading you get your profit very fast however it is very risky because of the volatile nature of Bitcoin so you can end up losing your money.
As for long-term bitcoin investment profit is gotten after a long period of time however it is less risky because bitcoin volatile nature does not affect it because of its long-term process.
So you can choose anyone you wish to do however as a newbie I will advise you first start with holding your bitcoin for long time maybe in the process if you wish to trade you can but just know that the risk in Trading is higher than the one in long time Bitcoin investment.

This is really a very good question, and seriously every beginner actually went through this same tough spot. It is very tempting to just jump into trading, most especially when you keep seeing the market price going up and coming down everyday. But on a serious note, jumping into trading too early usually ends with more losses than lessons.

If you are still learning the basics of Bitcoin, like how the market price moves, what is affecting market price and how emotions can really mess you up. It's better for you to just stick with long term holding, it will really help you to understand how Bitcoin moves over time and teaches you about endurance, which is something every trader eventually needs. With time when you get to understand the market cycles, you'll not stress yourself over every price dip.

See, if you really want to trade, that is cool too. Just start with a little money, amounts that will have no effect on you when you lose it. You should treat it more like a practice and not for profit and also use this means to focus more on observing how you react and learn from every move.

So my dear don't rush, take it slow and focus more on learning and also stay consistent, then the rest will fall into place with time

If you said accumulating Bitcoin might be difficult to some people I won't doubt you because it is not everyone that can afford to invest in Bitcoin because what we need to use in Bitcoin investment is a discretionary income that is leftover and some people may not have any leftover after taking care of their expenses and even if there will be leftover it may not be encouraging to use for Bitcoin investment so Bitcoin Investment is not really for everyone but when you said it is expensive I don't agree with that because it is not, you can buy using the DCA method that is buying in fractions, you don't have to purchase a whole Bitcoin for a start I think that's why you said it is expensive.

A trader needs some level of experience to be able to trade, else you would cry everyday. Even people who have been in trading for long have also been loosing money due to the high risk of trading. So what next, it's better as a newbie to just concentrate on learning and investing for Long term. I believe there are so many things to be learnt along the line while investing.

Secondly, slow and consistent accumulation of bitcoin using the DCA strategy from your discretionary income allows you to invest and learn the market in peace. And you know, when you invest with peace of mind, then you can actually take your time to grow knowledge and know Better. Trading if not a way for you as a newbie I must say

I would suggest focusing on long term holding. Trading is a very risky business and you have to lose to learn or practice trading. Whether you are new to Bitcoin or an experienced person, the chances of you losing in trading are very high. Even if you are prepared to lose, I would suggest you to gain deep knowledge about Bitcoin and gain knowledge about trading. Real experience is more effective than knowledge in trading, for which losing becomes necessary. From my side, trading is not advisable, if you enter a trade, enter the trade at your own risk and be responsible for your own losses. Bitcoin is not a scheme to make quick profits!

From my end your analogy is completely wrong: first 3-6 months is too short a time to hold bitcoin and as a newbie there’s no need for you to rush into trade.
Secondly there’s no guarantee that within that period you’ll be able to grasp all the things you listed as all this takes time and good learning.
Bitcoin price is volatile yes but you can experience all it entails in just 6months even one year is not enough to know all that concerns bitcoin.
So in all my advice to a newbie is to stay clear of trading bitcoin and just buy and hold as much as he can afford to, you can start small $10 and increase as your knowledge increases and you’re able to trust it.

I no fit recommend trading for anyone one as the best option, talk less of a newbie. The best strategy na for you to buy bitcoin using any one of the strategies. You fit use DCA strategy and hold your bitcoin for like 5- 10 years before you go start to talk of making profit. However, no be only because of profits they make people to invest in bitcoin. E get so many benefits wey dey come with holding bitcoin aside the profit wey so many know. Bitcoin dey give freedom, so na this freedom dey make some investors to dey hold bitcoin for long.

As a beginner you must decide on what you are planning to get into, this can either be trading or bitcoin investment (holding) because there's a actually a difference between both of them. If you consider to trader as a beginner there's nothing wrong with that but you must sacrifice a lot of time and effort to developing yourself because trading is difficult. A rule of thumb in crypto is to learn before you earn this also includes bitcoin holding as well. As a newbie you can get into trading or bitcoin investment the choice is yours to make.

The smart approach is to do both, invest and hold bitcoin for the long term, and then with a small fund, buy another bitcoin you can trade with any time you want or feel like..

For example, let's assume you have a total of $1000 you want to come into crypto currency with as a newbie, if I am you, what I will do is use $900 to buy bitcoin, move the bitcoin to my private wallet where I am very sure it's 100% safe.
Then I will use thy remaining $100 to buy another bitcoin which I can be using for trading, I can freely convert this bitcoin to stablecoins at any time, and also convert back to bitcoin or any other crypto currency at any time as well, this is spot trading and it can be profitable if you know exactly what you are doing...

Is there even a need for a newbie to trade bitcoins? talking about long term trading, like how long can it be considered a long-term trading. Why should a newbie trade their bitcoin in the first place when they should be thinking of accumulating as much as they can at that stage. A newbie doesn't need to practice trading because at that time their mind hasn't been strong enough to withstand the other side of the market when things begin to go sideways. As a newbie, it's all about buying and learning the strategies you can use to build your portfolio not trading.

First of, what is trading, this involves buying and selling a particular product, or commodity for the purpose of making profit, so if ur buying and selling Bitcoin, ur already trading Bitcoin, there are different types of Bitcoin trading, we have the futures, margin, spot, and p2p, now if you buy Bitcoin with the intent of selling it off in profit irrespective of the time, ur are already trading Bitcoin, whether you hodl for 10 or 20 years, DCA every week month or day, whatsoever but with the intent off selling of in profit, u are trading, so what you should ask yourself is, what strategy am I going with, am I scalping, swinging or positioning my trades, that's just it.

NFA, trading with a long term objective in Bitcoin is more profitable than just following the daily, weekly, or monthly charts to trade, look at the bigger picture cause this commodity is truly a hedge against the dwindling society

Investing in Bitcoin is a longtime investment, so if you are investing you just need to know investment like this becomes profitable when it is longterm.  Understanding is important when it comes to Bitcoin investment because if their is no good understanding in bitcoin investment it is impossible for one to be patient in going into a long-term investment. As a beginner uou have to understand thst bitcoin invedt doesn't make one to be rich quick.

You don' know the basics of bitcoin qbi you never know? Becos nah that basic concept of bitcoin go fit guide you on how you go decide for how long you want hodl your bitcoin as  base on how you take the make your money with job you get as source of income, so that you no go rush go sell when billing hook you for neck and no where to rely on for income.

Another thing be say make you use that money way better say you no go feel scared to ignore even when the bear season show face within the years you done decide to hold because na volatile market be this, no be your usual bank savings.

Well with the little experience I have gathered so far I learnt that newbies should invest and HODL for Long term 4 years or before attempting to sell, and you must reach your investment goal before doing that or you stick to the ongoing buying of Bitcoin until you reach the status of overaccumulation then you can decide to sell whenever you see that you're in profit. So as a beginner is advised to take your eyes off from short term investment as this is not supposed to be your thing, as an investor all your focus should be on the Long term investment and not short term if you really want to enjoy Bitcoin investment to its Fullest.

You won't learn anything by trading because even if you loss all the time you cannot mastering any method that can stop the losing so there is nothing there for you as you have not done trading before, is good to say go ahead and trade if after series of losing or few you will now understand and become highly experienced but on in this you will only no how money can be lost and how inaccuracy you can be on the market but if you want to see for yourself so that it wouldn't be that people are unnecessarily saying what is not on the trading as how some think you can go in.

bitcoin trading requires  a special skill which helps to identify when to buy and to sell for profitable trading, and never have a specific time to buy except the price drops and sells when it goes up. Before going into trading one must gently study its price movements so as to identify its working principle for effective trading. Some traders that don't know much about trading, enqure great lost on the process of trading as a result of lack of knowledge on when, how and where to apply any trading strategy  for profitable trading. So talking about how long one can hold before trading, I don't think there is a specific time to sell except the price increase

So....what is overaccumulation?

Sure you can't just start trading and think you will get profit easily you need to understand how he moves first before you can be profitable is not like investment that you will just invest and start moving and probably you will be profitable. In trading you need to understand many things and get the experience before you can understand the type of strategies you can used and be profitable, because without getting any knowledge, and think you will just stake without even knowing what you are doing, you will definitely lose everything in the market.

That why is always advisable you should spend alot of time studying the market and get experience in it before you start to risk your money into it. Some people start with trading they don't hold Bitcoin they trade with it because not everyone can be patient enough to invest for the long term so they prefer short term gain so they prefer to try then to hold for long term.

You have asked for advice very wisely. You have focused more on gaining experience than on making profits. Nowadays, most newbies are encouraged to invest with the aim of making big profits in the short term. You are actually trying to gain experience which is commendable.

If you have a source of income and discretionary income at the end of the week then start accumulation Bitcoin for the long term would be a great decision. The long term DCA method will give you peace of mind and is an easy investment strategy. The chances of losing money by investing in this method are very low.

Starting with small trades will increase your losses but you will gain experience with the trading platform which you are expecting. You need to have a consistency in making small buying to gain knowledge about trading and profits depend on choosing the right coin. Short term trading can be mentally stressful which will negatively affect your way of living.

Op your question is clear but diving into trading without knowledge will leads to regret, as beginner it's better to gather knowledge while holding and accumulate more, because the system is not quick to get rich apart from that your holding yeild best, if you have accumulated a huge amount or number, because when the market Begin to experience ATH you quantity gives you bigger profit as fast as possible. The knowledge will guide you even the accumulation will help you if you begin the trade you need some reserve because as you buy if losses occur you need cover up with your reserve trading BTC is not just easy going but knowledge and experience.

First of all, what’s your reason for investing in Bitcoin? What’s your big plan? What do you stand to achieve from the market at the end of the day?

These are the questions you should ask yourself before knowing the right approach for yourself. If you’re in the market for some quick profits, then it’s okay if you wanna role with the volatility, but what you must understand is that trading comes with a lot of complexities that’ll be difficult for a newbie to navigate effectively, especially when you’ve not experienced even a single cycle in the market, which is why it is always advised that newbies should prioritize hodling for the long term first as this helps you build some confidence in the asset before deciding to jiggle a bit and try new things.

As the topic said; How long should a beginner hold Bitcoin before trading; I cam to understand that, there are two things here which can be defined in two ways, trading and holding and this is something we are not to mix. A beginner trading Bitcoin or any other coins be yeah alternative coins, it is not properly encouraging by beginners as there are more things to know before venture into it.

If the question comes as; how long will a beginner holds Bitcoin before taking profits, then I will say it all depends on you. There are circles of Bitcoin to be studied, which can be best explain as 4 years. But if you may wish to hold as long as you want (long term) then it is still fine. Bitcoin is not too profitable for short term holding base on my own perspective. But if you have a plan to trade, short term is applicable at some times.

There is no fix rule about this, when to start trading and when to stop all depend on you; the main reason why the advice of not been to quick is trading is because of how risky crypto trading is; and if you don’t know anything about and decide to start trading, you will lose your money easily.

Therefore, make sure you are ready to trade before you make the decision, and being ready means you are emotionally, mentally, and financially prepared and no one should be held responsible if you lose money that’s why it is good to have background knowledge about Bitcoin, crypto trading, and crypto in general.

Invest what you can afford ti lose.

Ideal to say that, there must be an approach of what you want to enroll on, if Bitcoin you wish to hold, then that should be a valuable approach as you want to go for, understand and hold properly for a long term, which is profitable if only patience plays it role during the time of holding.
As the topic said for "newbies" then holding Bitcoin is advocated for, because it is more easier to be involved in it, rather than trading, except you have the knowledge to it, then you can go for trading.

I think trading in a new situation is very difficult because to be successful in trading, it is very important to have specific knowledge and experience and your own experience about the market, as well as applying strategies. These things are not possible to apply properly in the case of new investors. We have to buy Bitcoin with a long-term plan and hold it for the future because Bitcoin is the asset of the future. Buying Bitcoin with a long-term plan can reduce the amount of investment risk and can expect profit in the long term.

Trading requires an in-depth knowledge and skills to be successful. As a newbie, it would never make any sense to just jump into it without the basic knowledge. What is best for a newbie is just to buy Bitcoin and hold it for some time while they watch and observe as the market swings of crypto go, so that they can learn something from it. Investors are most likely to hold for the long term because they have no knowledge, but rather believe that their investment will yield them a good profit through their actions; rather than getting involved in trading, they do not have the knowledge about.

In the simplest term, consider investing in Bitcoin as one of the simplest and a low-risk ways of earning money. If you can keep your Bitcoin for some certain period, no matter the striking price, you will still see your portfolio grow one day. That's how good Bitcoin's investment is, as your portfolio will always return into profits.

But trading is a different thing entirely. You are trading a leveraged/margined products, which is very risk. Now, it all depends on you. You may be investing and trading at the same time, as they do not stop each other. It's about what you are willing to risk/lose in the financial market.

The warning: note that most traders hardly make success in trading, but rather waste money.

If you are holding Bitcoin are you trying to make profit to trade? Whats the point of doing that..unless you don't really know that there's a difference between both of them..after holding Bitcoin for a long period of time and selling i won't advice you to trade with the profit you made from your investment because you might throw it all away..trading takes a lot of studying and analysis, it's way more difficult than holding.

There should be a specific reference to what the question is directed to at least a perfect explanation should be given. If there is a time frame for every holding before trading, I think it is never possible in that way, as there is the tendency to lose on your efforts. If you wants to hold for the market cycle and ask how long should you hold, then I think it's up to you and why and how long you want to hold for you goal to be achieved with that time frame.

A newbie wey never get experience for the crypto market, starting up trading no be better move, as they go kukuma rush come out because of losses made, due to the lack of expertise for am.

So as a newbie wey never get experience, my advise go be, make them first get knowledge of how the market d, be enlightened about the security approaches of their crypto wallet, then they go think of investing for long term for where Bitcoin dey. That way them don secure their future investment.

You say you usually hear the advice "don't trade too early" @op, what actually do you understand from that do not trade too early? If that is the case that you've been trying to understand Bitcoin, then from don't trade too early you should know that is trying to explain the risk involved. However in as much as you treat it as a learning experience, you should position your mind for a long term investment which is the best.

Investors have a misconception about trading and those who are new to investing consider this strategy as an easy way to make money. As you said, trading actually requires a lot of study and analysis and observing the market situation for a long time. I also would not advise trading to those people who are with long term investment in Bitcoin and they continue to hold it indefinitely. Even if they achieve long term accumulation target or have made huge profits. Long term investment to get rich is a logical decision if you cannot rise to the level of those traders.

one thing I do know that is certain is that trading is risky when compared to holding. As you have said trading involved lot of technicalities that it isn't something a newbie will rush into. All traders has one aim in common which is to make quick profit . This your thinking of rising to the level of traders is something I don't really comprehend, I don't see the need of wasting and risking once income just because they want to rise to the level that they can be able to master all the Trading tricks that will make them to become a successful trader which I doubt if there is any. Long term investment should be of interest to anyone that call themselves traders.

It is more advisable for newbies to handle trading or holding of cryptocurrency with care as they are something that is never guarantee for making one become reach, especially that of trading, which is very technical to handle, it is not advisable for newbies to start trading, it will be best they start hold of coins that is trusted such as Bitcoin.

New investors should not be afraid or excited by monitoring the market, but should set a holding target for a specific period of time. During this time, they should not get excited no matter how much the market rises, and they should not get scared no matter how much the market falls within the target.

It depends on the individual investors target or goal towards his Bitcoin investment goal, so there's no stated period of time that is known to everyone to be the Best of it, However, the long term investment perspective is the known profitable way or approach towards having a successful Bitcoin investment. Target between 4 years and above to hold your Bitcoin, because by then it must have passed through a season of halving.

Both steps may really work, yet they fit in different stages of ones learning.
When you are fresh, holding for a long term is always the best way to begin. It provides you with time to know the market without feeling like you are pressured by any small move on the chart. Some beginners lose funds as a result of them hurrying into trading before they get to know what they are really looking at.
Haven said that, there is worth in learning by doing. When you want to give short-term trades a try, endeavor to make them tiny. Treat them like you are practicing, instead of a quick source of income. Little trades will teach you how the emotions react, how fast things move, and what mistakes you can possibly make.

Therefore a balanced path works better: leave your main stack for long-term holding, then make use of very little amounts as training budget. By so doing, you will build experience, but gets protected from big losses.
Begin slow, remain patient, and allow the knowledge to grow with time.

When it comes to trading or holding a Bitcoin, the first thing a newbie should do before any other thing is to seek knowledge so that you know how the market works so that even when you start up a trading or investment, you will not find anything difficult. But I will advise you to forget about the trading and focus on the Bitcoin investments. I think it will be better for you as a newbie, because the trading involves so many risks. That is why not everyone will like newbies to approach the trading.

Approaching short term as a newbies, it will make newbies to learn faster to understand bitcoin better, I'm speaking from experience because I started holding for short term before I extended to long term to achieve what I have achieved from bitcoin today, From one month to six months is short term holding and there is no how you will not experience increase in your holding to earn income, how long you hold before trading is your choice op, because you have the right to trade when you discover that there will be income if you trade, but if you observe there will not be huge income don't trade than to continue holding.

I really go with your idea, because for a newbie to start trading simply means they just went to throw away their money and that will be very dangerous, he will be discouraged not to be courage and we want him to be encouraged, so the best thing, get the Knowledge first after that then starts small. I think it's better you wait for almost a year and understand everything than starting now and lose everything.

One thing wey I understand about this cryptocurrency is that e never too late for anyone to start, so having enough time to acquire knowledge shouldn't mean it will be late when you get there. Cryptocurrency has come to stay.

Make I no lie give u trading no be something wey dey easy, if u dey trade, make u dey expect loss, because u no fit trade wey u no go lose. Also if u wan trade, make sure say u get proper knowledge before u start, because if u no sabi about trading well, u go just dey lose money anyhow, u no go make anything.

If u just dey join crypto space, make u just buy bitcoin and hold, but make u know say if u wan hold, na long term u go use hold am, and make sure say na d money wey u no go use now u go use buy am. Make sure say any amount wey u dey invest, make e be any amount wey be say if u lose, e no go really affect u like that.

As a newbie like dis na two things I go recommend give u. Firstly I go like make u go learn trading, at least u go fit dey trade, but if u dey make sure say na just small money u go dey use run am, and make u just use d remaining money buy bitcoin and hold.

Depending on how knowledgeable you are to trading, you can either trade or hold. But as a newbie who has zero knowledge about trading, then, it is advisable such individual just hold, instead of taking a high risk trading with no experience and lose all your funds. But in a general scale, holding your coin has lesser risk as compared to trading, that's why the majority of people choose to hold, and most especially accumulate their coin through the dollar cost averaging method whereby they accumulate bit by bit within a certain interval of time, due to it's volatile nature and how much they can afford to let go that period of time.

As a beginner the best way is for you to learn first, secondly to hold, and trade, many beginners lose money not because Bitcoin is bad but because they are too fast to trade before they can even understand how the market circle works, As a beginner focus more to build a long-term position, because it helps to protect you from emotional decisions, and it's also help you benefit more on bitcoin long-term growth.
‎HoDling teaches how Bitcoin works, it helps you to know the market circle and make you have patience and be smart, so my advise is hold first and learn how it works then before you can now trade.