Is Bitcoin trading for the lily-livered?

[Spaceman1000$]

I've been around the forum for months now and lately i have been developing serious thoughts about venturing into crypto trading
particularly bitcoin, I've gotten some little knowledge about forex trading, because there are lots of trading indicators in forex that helps you in predicting the market flow.

However according to some bitcoin trading expert's on YouTube, they will tell you they've gotten their fingers burnt a lot of times.
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The people that got burnt got burnt because they underestimated cryptocurrency trading and it has thought them a lesson. Since you have some knowledge of Forex already, you have a good idea of what you are to face and you should not be in a hurry to start Cryptocurrency trading because being in a hurry to start can force mistakes that will cost you all your money. But if you are very good In trading Forex, and you make profit, you can still decide to trade Forex, make profit and invest in Cryptocurrency, you must not trade Cryptocurrency.

I've seen a little up and down on Forex while trading but like i said, experts believe cryptocurrency trading it's a bit complex than forex that's why I'm seeking the obvious question.

[Solosanz]

I see that you're a newbie, it's better for you to choose invest rather than trading because most of traders are losers, only small portion of traders are making money.

In trading you need to accept losses because you're still learn and we don't know how much you need to lose until you have a good trading skill. If you want to make money, don't think it can be easily through trading, learning a hard skill is more guaranteed.

[AakZaki]

I don't know what you mean by lily-livered, but what I can say, Recommended or not, all types of trading will have a different response for everyone. This depends on whether trading can be mastered or not, there are many indicators used and technical analysis will be useful to read all of them.
If they have little knowledge about trading then it won't be good, it will be more misleading even if it's trading forex or crypto. Both trades have their advantages and disadvantages, but those who already understand them can do well.

[Maslate]

However according to some bitcoin trading expert's on YouTube, they will tell you they've gotten their fingers burnt a lot of times.

All sorts of traders have at some point or the other gotten burnt and experienced losses, it is not peculiar to Bitcoin traders but experienced by everyone who trades any currency.

If you trade according to amounts you can easily afford to lose, your emotions would not affect you that much. You would need a bit of control to be able to resist the urge to close trades early but without much stake you would be able to stay on top of that.

Trading is a battle of your brain and emotions so you need not to do things that will easily affect your emotions as that could also ruin your future trades. However, know that all traders experience their downturns in trading especially if they resort into consistent losing and just feel like quitting, but that is normal for all traders. Just remember that no one actually wins and make profits if you decide to quit in the end and just throw all your time and efforts.

[Japinat]

I've been around the forum for months now and lately i have been developing serious thoughts about venturing into crypto trading
particularly bitcoin, I've gotten some little knowledge about forex trading, because there are lots of trading indicators in forex that helps you in predicting the market flow.

However according to some bitcoin trading expert's on YouTube, they will tell you they've gotten their fingers burnt a lot of times.

So i ask, is bitcoin trading advisable for the lily-livered?

Bitcoin trading requires a lot of knowledge and its right application after acquisition. So if you think you are not that determined enough and is afraid to take risk, then trading might not be good enough for you. Because when you are in actual trading, you need to be brave and be confident on what you have because that will be your best weapon on making your trades successful. Otherwise, if you trade without enough courage and not persistent on what you believe, you will never get far with trading.

[freedomgo]

I've been around the forum for months now and lately i have been developing serious thoughts about venturing into crypto trading
particularly bitcoin, I've gotten some little knowledge about forex trading, because there are lots of trading indicators in forex that helps you in predicting the market flow.

However according to some bitcoin trading expert's on YouTube, they will tell you they've gotten their fingers burnt a lot of times.

So i ask, is bitcoin trading advisable for the lily-livered?

Bitcoin trading is open for everyone even for those who have less courage and confidence as long as they will start to gain more of it through acquiring sufficient knowledge about crypto trading as that will help them analyzing well the market charts when trading. But they should never expect quick and big profits from trading especially for newbies as they are susceptible to more losses and mistakes on their first time trades.

[chigo]

I've been around the forum for months now and lately i have been developing serious thoughts about venturing into crypto trading
particularly bitcoin, I've gotten some little knowledge about forex trading, because there are lots of trading indicators in forex that helps you in predicting the market flow.

However according to some bitcoin trading expert's on YouTube, they will tell you they've gotten their fingers burnt a lot of times.

So i ask, is bitcoin trading advisable for the lily-livered?

Bitcoin trading is not for people who like to be in their comfort zone, I mean, Bitcoin trading is full of high risks and we won't know what will continue to happen in the future, and price fluctuations are always changing and it's difficult to read a chart of price movements. the only thing imo is to pay attention to the past (history) of the bitcoin price itself (backwards a few months or years)