You need a very good understanding and good search before you fall or invest your money any business, in fact trading is not just what you think and start like that, you a lot of informations and understand of chart and the types of coins to trade, when to trade it, because their are some coins when their is hype and you trade them you will just in be lost. And you need a lot of information before you decide to trade a coins. When I start trading I think I will study only charts and trade it. Their are some coins even you study without information with some Telegram experience trader in end in nothing
Binance and coinbase are very good sites where you can get a lot of information and before you do anything on this sites you need to under verification first. I also have account with both exchange and both are easy to understand and I also trade with both exchange. I don't think this sites can scam anyone and i don't think that even scammer can operate in this both exchange easy in fact they can't go for free.
Yes, I believe in that word that Bitcoin the king especially when it even comes to the term of price. It truth that 97% 0f existing coins lay on Bitcoin price. Once Bitcoin dump other coins follow when it also pump other coins too. Infact Bitcoin was the first coin created before others like altcoins, Ethereum and binance.
It is not bad but I learn from my mistakes, it was not that easy for me as a newbie in trading. My first time to trade, I traded a coin that have starting pumping much thinking it will continue pumping like that, after buying the coin did not pump more to remain at same prince after it starting dumping by little percentage then I started fearing not to lose. Then I sold it out,so lost 5 percent of my capital before I know again the coin price started pumping, it now increases in price for 20 percent with.
Both are good options but depend on your skills but for me I choose hodl as best option. Once you can hodl for long period of time you may surely make it. I hold Shiba inu for a year and I make it very big there, in fact I make it more than my expectation. And to be honest trading have much stress and once you are trading you always active online because anything can happen between between minute but you can hold and even forget some times that you are having something. Holding is all depend on your level of patient
It better for someone to go for search before starting anything so can learn from some body steps,if not you will be the worst part yourself. Many people have make mistakes by taking risk of some things without not search, this type of people end up in losing. Before starting anything may sure you get proper understanding on what you are going for. Ask people so their can share you their experiences, so you can learn from their mistakes