An advice for newbies and plebs

[Shasha80]

The most important task for a trader, as for me, is training. For a beginner, this aspect plays a crucial role and requires maximum attention.

Experience is the key and should really be the thing that you would be minding off specially when you are just starting up because having a good grasps into something which are engaging
where it is really that sensible for you to learn up things along the way and able to earn up enough experience for you to make yourself somewhat effective into this field because if you dont
then you would really be having a hard time on dealing with price volatileness and unpredictability.

Experience is the best teacher for us to understand how the crypto market works. Therefore, an inexperienced person will find it more difficult
to understand the movement of volatile cryptocurrencies. That is why we must study hard and practice trading, in order to improve our experience.
So don't give up when we trade losses several times, those bad experiences will teach us how to avoid the next loss. Until we finally understand
how to generate sustainable profits, therefore being a successful trader requires a lot of sacrifices. And there's no such thing as an instant successful
trader, we need to experience several failures first. But as long as we can go through the process patiently, I believe we can become successful traders.

[SaveOurSea]

Simply stop day-trading, or any more active form of trading. Preserve your capital and wait for the market to be in the same situation like 2020 again, when investors were excited to throw their money in crypto. The market narrative has changed, people are not as excited. The market has always followed a bull - bear cycle. Save your money, and wait for the next opportunity.

2022 - It might be a bear market.
2023 - It might be the next opportunity to buy the Bitcoin DIP.
2024 - It might be the new BULL MARKET.

Day trading is not that profitable anymore, the reason why many of us here preferred long term trading instead. Though we are expecting the market to follow bullish and market cycle, but it seems that the market will always have a long term duration of bear market these days, this is why long term hodling is encouraged. However, knowing the market is very unpredictable, so let's grab every opportunity that comes and make profit when the timing is right.

If you see a bearish market condition, it is very risky for daily trading and definitely needs to be reconsidered,
You also need to be careful in making decisions because if you are rash and in a hurry, you will most likely lose money,
there is also truth in what you say and the important thing is to always take advantage of the opportunities that exist to make a profit

[sulendra12]

Simply stop day-trading, or any more active form of trading.

It just depends on the ability of certain traders. If they want to do day-trading then do it, you shouldn't let people like this tell what to do and tell em to avoid certain thing. If you are capable to do day-trading and know the risk of this type of trading, then you should go for it maybe you will earn something from it. I just hate it when people say, please stop doing this and then do this, where they don't even give the correct reason of this.

[stepwilli]

The best thing to do right now is buying/hodling. My best advice for any newbies out there would be to hang on and do something when you are ready, not to rush into anything, but also be ready for an increase at any moment. You should be ready to get in at a moment's notice, which means having some money in Binance or any other exchange that you are using so that you could get in right away.

I know that it is scary to think about putting that much money into something you never or rarely invested and hoping that it would do when you have seen it do so badly so far, but it will surely get better, at least the top ones, and you could make a lot of profit.

[kotajikikox]

One of the reasons i am with you is that a few days after the end of the bear market the number of investors suddenly dropped. At that time almost all currencies had a dip value. However there are a lot of new traders who just jump on the bandwagon of investing or trading on the word of others so I want to tell them to learn from their own consciousness because bear market will come to the fore.

Lets say on that bear market is currently happening as of this moment on where price had dipped down so hard which there's a possibility that we might go even way more lower this time.No one had anticipated

but Yeah , it happened and the price continues to fell lower nowadays, we might be seeing another lowering week and in the weeks to come as the second quarter is just starting the dumping season.

that we would really be going low this hard on this particular year considering that we had some good run on last years and hope that it would continue for this year but we are seeing the opposite thing
this time.

but there is no opposite happening but it is the dump that covers the whole market now.

Advice for noobs or new people into this market is that they should really be aware on how unpredictable and volatile this market is.Dont put yourself on high hopes
on making profits because this isnt something simple that could really be attained.

and they must be knowledgeable that the market of crypto may bring them profit in short term? but mostly in long term .

[MFahad]

Most of newbies did not buy in bottomed and when market goes up then start buying. It's not good strategy. Bear markets are the best times to buy as u get everything at discount . If u can hold long time u will always make money in solid coins .the market  has not bottomed yet . Wait a few more months and  slowly it will recover.

[Anders_Bitcoin]

Simply stop day-trading, or any more active form of trading. Preserve your capital and wait for the market to be in the same situation like 2020 again, when investors were excited to throw their money in crypto. The market narrative has changed, people are not as excited. The market has always followed a bull - bear cycle. Save your money, and wait for the next opportunity.

2022 - It might be a bear market.
2023 - It might be the next opportunity to buy the Bitcoin DIP.
2024 - It might be the new BULL MARKET.

This is an established system. Those who have been in bearish cycles before understand how it works. It's just time to accumulate bitcoin and other assets. I also do this and I am a supporter of cryptocurrencies, but I also regularly open short positions on wowswap on bitcoin, because we need to realize the fact that we are already in a bear market and making money on a short position is much easier now than it was a last autumn

[Ebede]

Most of newbies did not buy in bottomed and when market goes up then start buying. It's not good strategy. Bear markets are the best times to buy as u get everything at discount . If u can hold long time u will always make money in solid coins .the market  has not bottomed yet . Wait a few more months and  slowly it will recover.

Newbie are called newbies this people don't know what is right and what is bad for buying and selling and the normal time to buy and time to sell when you see some people losing that shows they are not aware of that and they are suppose to sell when their is profit from what they buy. And in addition they are suppose to buy when the market is below, if you buy when the market is high and sell when is low you have a lost and newbies do not notice all this in time

[horrifiedx1]

Most of newbies did not buy in bottomed and when market goes up then start buying. It's not good strategy. Bear markets are the best times to buy as u get everything at discount . If u can hold long time u will always make money in solid coins .the market  has not bottomed yet . Wait a few more months and  slowly it will recover.

this happens because they get news that can affect their thinking for fear of missing the moment. when the market is bearish they are afraid to buy, because for him an attractive market is a market that reacts immediately to make a profit. even though it really takes patience and managing greed so that you get the targeted profit. that's the fomo effect for beginners and if we don't change our mindset, then we will only become victims

[ItsCrafty]

In Crypto it's  all very speculative with high levels of volatility.  Don’t risk more than you can truly afford to lose.  I tell most people to consider investing 1 to 5% of their net worth, especially until they understand it.  DCA in a little bit at a time and HODL.

[gazilla]

One thing for newbies to remember if it is not an obvious bull run remember there will always be another chance coming around either for selling or buying. So it is crucial to be patient. Be patient. This is experience talk not some will guessing.

[dvj33]

For beginners, I advise you to definitely devote time to a demo account. And for those who can not invest a lot - this is also a good option. At least, when I started working with a broker from AMarkets, I did just that.

What is a demo account and how can I get one?

[Wind_FURY]

Simply stop day-trading, or any more active form of trading.

It just depends on the ability of certain traders. If they want to do day-trading then do it, you shouldn't let people like this tell what to do and tell em to avoid certain thing. If you are capable to do day-trading and know the risk of this type of trading, then you should go for it maybe you will earn something from it. I just hate it when people say, please stop doing this and then do this, where they don't even give the correct reason of this.

That's true for some traders, but it's not entirely true for the majority of "traders", especially those "traders" who are merely plebs like us.

In day-trading, changing your bias every minute/hour could cause you mental disorders from the stress if you do it for years. Plus you're only profit is cents per dollar traded. Why would you spend your whole day looking at charts when it's profitable to simply Buy the DIP, and HODL?

[sklopan]

I would advise such users not to rush to invest in work. You need to be prepared for the fact that losses are real in trading and you need to be ready for this.

[Issa56]

I think the OP is really right, I wont really advise anybody to start day trading now, the best thing is just to accomulate enough money and invest later, the way most people are thinking their will be a bull run this year I don't think that will be possible, am expecting bear market this year which will give everybody opportunity to buy coin at a very cheap price, which I will advise everybody to just buy now, hold and wait for the next bull run.

[kapalmabur]

I think the OP is really right, I wont really advise anybody to start day trading now, the best thing is just to accomulate enough money and invest later, the way most people are thinking their will be a bull run this year I don't think that will be possible, am expecting bear market this year which will give everybody opportunity to buy coin at a very cheap price, which I will advise everybody to just buy now, hold and wait for the next bull run.

Indeed when the bear market is our opportunity to buy potential coins,
but it must also be realized that making decisions in the midst of such conditions is not an easy thing and requires research,
regarding the bull market we don't know when it will happen and it's better to follow the market movement

[smartaction]

Simply stop day-trading, or any more active form of trading. Preserve your capital and wait for the market to be in the same situation like 2020 again, when investors were excited to throw their money in crypto. The market narrative has changed, people are not as excited. The market has always followed a bull - bear cycle. Save your money, and wait for the next opportunity.

Your  idea is not bad. I support it. Now the market is in an upheaval. Doing market analysis is now a difficult task. we should wait until the market stabilizes to investment on it.

2022 - It might be a bear market.

Yes, the market is behaving like this now.

2023 - It might be the next opportunity to buy the Bitcoin DIP.

Bitcoin is already in Dip.  If you want to see more dips then it has to go below $ 20k.  Which is somewhat impossible.

2024 - It might be the new BULL MARKET.

2024 will definitely be a bull market. And Bitcoin including All Coins/Tokens will create a new ATH. Bitcoin might touch $100k on that ride.

[virasisog]

Simply stop day-trading, or any more active form of trading. Preserve your capital and wait for the market to be in the same situation like 2020 again, when investors were excited to throw their money in crypto. The market narrative has changed, people are not as excited. The market has always followed a bull - bear cycle. Save your money, and wait for the next opportunity.

Your  idea is not bad. I support it. Now the market is in an upheaval. Doing market analysis is now a difficult task. we should wait until the market stabilizes to investment on it.

2022 - It might be a bear market.

Yes, the market is behaving like this now.

2023 - It might be the next opportunity to buy the Bitcoin DIP.

Bitcoin is already in Dip.  If you want to see more dips then it has to go below $ 20k.  Which is somewhat impossible.

2024 - It might be the new BULL MARKET.

2024 will definitely be a bull market. And Bitcoin including All Coins/Tokens will create a new ATH. Bitcoin might touch $100k on that ride.

If we'll look at Bitcoin's cycle history, it's how it moved during the past few years but as for me, it will be hard for us to notice if it's the dip and we might only miss the opportunity to buy at a low price if we'll wait for that. Buying this season will still be the best thing to do and hold it until the bull market approaches. Profit is still a profit so if we'll wait for the cheapest price which is unknown, we might only miss the chance.

[Pandu Geddon]

Profit is still a profit so if we'll wait for the cheapest price which is unknown, we might only miss the chance.

that's the important point of crypto investment, especially investment in Bitcoin. when we just wait for the cheapest price, then we really won't see it. when we buy, there is also a possibility that the price will continue to fall. and what we can do is buy gradually to keep getting a good price.
as long as we patiently wait for the next pump, we have nothing to lose on this investment. those who lose, are those who buy and sell when prices fall. the person panicked to see the market situation.

[GelatikKembar]

Profit is still a profit so if we'll wait for the cheapest price which is unknown, we might only miss the chance.

that's the important point of crypto investment, especially investment in Bitcoin. when we just wait for the cheapest price, then we really won't see it. when we buy, there is also a possibility that the price will continue to fall. and what we can do is buy gradually to keep getting a good price.
as long as we patiently wait for the next pump, we have nothing to lose on this investment. those who lose, are those who buy and sell when prices fall. the person panicked to see the market situation.

In addition we need to do an analysis as well to know when is the right time to buy and sell,
like you said if we just wait i don't think it will be effective,
buying or selling gradually is much better and we really have to know when it's time for that