What your opinion?

[TheUltraElite]

Doing that is such a hard task and unfortunately only a few people are capable of doing it. Well not "few" people, but few percent of people. Only 5-10% of the whole crypto world is holding for long term, most of them just trade based on what they see and they do not end up holding for long term. That's a wrong move and hopefully people will learn how to do better.

I have seen people enter crypto with questions like which coin is the next 100x or which coin will always be profitable but deterring from bitcoin or from long term holding. If you are going to avoid the holy grail of crypto and also not have the patience to hold long, that person should not hope for good returns, instead they are looking for a get-rich-quick scam.

I think the best thing to do in this case right now is to make sure that we end up with a good return when we can, and it should be providing something that gets a good return. In order to do this, we need to provide proof to people that holding is a better way to make profit and that can be done too, but it will take some time before we can see a change like that, it may not be that easy at all.

Not everyone needs to preach it, just be a one-man army and run your trades as you want them to. Unless people learn from mistakes, they would not learn at all in this sector. Let them lose money and then see how humble they become if they chose to trade again.

[1714608234]

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[1714608234]

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[Compromise me]

Describing it as a perfect thing to do will only be visible when you're actually doing it and experience to earn and lose from it.

A beginner that's too optimistic in trading should accept the hard truth on life that even trading is a hard way to make money. That's why trade profits are also hard earned money and it doesn't comes easy.

Take one step at a time and don't aim for higher trades while you're new, learn to appreciate every small wins that you get.

When you are still a beginner, it is better to focus on learning and gaining as much experience as possible,
don't focus on trading results,
what is clear is that trading is not easy and it takes a lot of preparation.

The problem is, many beginners want to take a shortcut and aims to get the best profits that they can get while they're still too early in trading.

They're ignoring that thought because they think that it's so easy in trading based on what they've seen on social media where other traders are boasting their profits.

Little did they know, that these traders have gone through a lot of losses as well but they don't just share it for some reasons.

If we want to learn anything, the right way is to start with the basic. You are correct in mentioning that new traders often ignore the basics in their pursuit of quick profits. They become dependent on trading calls and tips which expose them to un necessary risks.

For trading it is advisable for new traders to focus on Fundamental analysis. If they are unable to do so, they can utilize Technical Analyss which can assist reduce risks.

[death69]

If we want to learn anything, the right way is to start with the basic. You are correct in mentioning that new traders often ignore the basics in their pursuit of quick profits. They become dependent on trading calls and tips which expose them to un necessary risks.

For trading it is advisable for new traders to focus on Fundamental analysis. If they are unable to do so, they can utilize Technical Analyss which can assist reduce risks.

To an extent, I agree with you. Absolutely, the fundamentals are required. And beginners are especially susceptible to the attraction of flashy profits. It's like a squirrel finding a nut: irresistible! But this is where our opinions diverge: You seem to be advocating for a method that puts FA first and TA second. Now, I'm not going to say you're completely wrong, but you're also not completely correct.

What matters is not if one uses FA or TA, but rather how one uses them. There are benefits and drawbacks to each. While TA looks at the "what" and "when," FA investigates the "why" of price changes. As such, why try to categorise everything? Why not tell traders to use both to their advantage? Traders require a versatile set of resources, not a cookie-cutter method.

[Peanutswar]

I really was having this question in mind to ask if it will advisable for somebody who want to start up trying doing online investment and chooses trade as perfect for him or her. What will be your advice for such person as a beginner into online Invertement. I want to hear your opinions if it right or wrong despite it risk,so what your opinion or advise .

Trading an investment is the same with the risk and plan of course you will not go to trading without proper knowledge reason why ideal to prepare yourself first before initiating with your asset.
In trading the same way with investment you are putting your money and waiting to get profit in trading the difference is the time frame it could be a short period of time or long it depends how you want to hold your assets.
In investment could be properties or assets too it takes time depends on the demand and supply. I've seen a lot of people today learning to themselves or they are seeking for a guidance with trading gurus but for me if you have time and sources you can do it at your own.

[lunnatic]

I really was having this question in mind to ask if it will advisable for somebody who want to start up trying doing online investment and chooses trade as perfect for him or her. What will be your advice for such person as a beginner into online Invertement. I want to hear your opinions if it right or wrong despite it risk,so what your opinion or advise .

Trading an investment is the same with the risk and plan of course you will not go to trading without proper knowledge reason why ideal to prepare yourself first before initiating with your asset.
In trading the same way with investment you are putting your money and waiting to get profit in trading the difference is the time frame it could be a short period of time or long it depends how you want to hold your assets.
In investment could be properties or assets too it takes time depends on the demand and supply. I've seen a lot of people today learning to themselves or they are seeking for a guidance with trading gurus but for me if you have time and sources you can do it at your own.

Indeed, you can learn on your own, but if you have a mentor, why not study with experts?
i think it will shorten our study time but it depends on each person,
trading or investing is certainly risky so it is very important to have knowledge and we can get that by learning.

[jasonjm]

I really was having this question in mind to ask if it will advisable for somebody who want to start up trying doing online investment and chooses trade as perfect for him or her. What will be your advice for such person as a beginner into online Invertement. I want to hear your opinions if it right or wrong despite it risk,so what your opinion or advise .

You need to keep in mind a few points before investing; always start with a small investment and gain experience. Sharpen your technical and analytical skills. Follow and closely observe crypto-related news for updates regarding the market. Be patient (most important).
 

[armanda90]

There are a few things you should keep in mind before starting an online investment;
1. Always start with smaller investment to gain some experience
2. Learn some technical and analytical skills to earn more profit
3. Watch and follow the news to update your knowledge
4. Observe
5. Be patient
 

One added important points for beginner don't make trading as main job, actually as beginner need time to research and learn more about trading and not consistent to earn profit in daily day or monthly. Trading in cryptocurrency can't promising with much profit and side job is good alternative exactly for beginner less knowledge about trading information. I think points fifth Be patient its most important and should put on the first number, how expert some one in trading, be patient can manage with bigger risk and not panic selling when bitcoin or coins assets have going drop. As soon possible in trading take profit when raise few percent up price, don't be greedy in trading and stop higher dreaming with some coin will raise up more than 300% in short term.

[ItsCrafty]

One added important points for beginner don't make trading as main job, actually as beginner need time to research and learn more about trading and not consistent to earn profit in daily day or monthly. Trading in cryptocurrency can't promising with much profit and side job is good alternative exactly for beginner less knowledge about trading information. I think points fifth Be patient its most important and should put on the first number, how expert some one in trading, be patient can manage with bigger risk and not panic selling when bitcoin or coins assets have going drop. As soon possible in trading take profit when raise few percent up price, don't be greedy in trading and stop higher dreaming with some coin will raise up more than 300% in short

You have said a good thing that initially if we can do something, it is to do complete research about the trading or the work in which we want to do something and then make your solid decision. Profit can be earned on a daily basis but for that, you will have to put in more effort. Until you develop patience and wait n see policy; you cannot say that you have become an expert in trading. So do your homework by thinking and taking into account the market fluctuations.

[Dzwaafu11]

When I started my path as a trader and investor, if I may say so, I initially tried to listen to the opinions of other people, to take them into account. Now I realized that all this does not make sense,

I think you should always go with your own decision anytime there sometimes that our decision does not favour us or bring solution to our problems, but with other people suggestion we succeed sometimes, so you can see that as a trader, what I think you should be doing is that sometimes you need to be listen to other people opinions and see if it will favour you because they are some decisions we make in life by our self at the end we regret, and these is money issues, so if you should involve some team work I think it will be better, in other to achieve some goals, these is because there maybe something you don't know and other person by your side knows it, the fact that there things we even read and analyse but we didn't understand till another person come and clarify it for us orally.

and you should rely only on your knowledge.

I don't believe that someone should solely rely on their knowledge, mate. Why do we have individuals to teach us what we don't know if someone should just rely on what they know? If we take that into account, this could sometimes lead to some traders suffering significant losses. You can see that no one is an expert on how to achieve perfection; you must have some knowledge gaps and need to seek clarification. So I don't think it is wise for someone to solely rely on their knowledge.