Newbie: If trading isn't working for you, buy and hold.

[pixie85]

Well... The fact that newbies has little or no experience doesn't mean that they should stop trading. Sometimes, they need to test the waters to see how it works. They might get burnt, register some losses and can also learn from your experience and become a professional trader.

The problem is that professional traders rarely win in crypto. The strategies they use when trading stocks don't work well with highly volatile and manipulated assets like bitcoin.

You don't have to look far to see what happened a few days ago. Bitcoin dipped almost 1000 dollars because someone spread fake news about Interpol arresting CZ from Binance. If you had a levered long position you lost money on that day even though it was all FUD.

For this reason alone I don't recommend people to trade any crypto unless they do swing trades with no leverage and are ready to lose money.

If you want to trade, invest 80% of your capital into bitcoin and keep it offline and trade the other 20%, see how you do. If you keep making profit, add to the amount, go to 50% traded coins, but whatever you do, hold some bitcoin in self custody.

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[martyns]

Not everybody has patience to hold,that is why so many person's see trading as the fastest among the two.Trading gives quick money when it is strategically done well.Most traders who are used to trading will find it difficult to hold, considering the longer period of time holding takes to yield result.Nevertheless,holding is seen and recognised as the safest among the two,there are no much risk involved,the only thing one has to do in holding is to exercise patience.Make research about a certain project and invest in it,holding it till the gain comes out big,and immediately sell it when you are supposed to sell to avoid had i known.Being greedy is not the best in this,sell when necessary.

[Dr.Bitcoin_Strange]

and actually almost everyone has been in the beginner phase. and those who don't give up and keep learning are the ones who are currently surviving and have a good advantage.

that's true, but most beginners then consistently learned and became good, but in the present it seems most newbies are unnecessarily impatient and in a lot of rush to make quick profits.

[bbigtart]

if a beginner wants to make long-term investments, then a buy and hold strategy can be a good choice. However, if you want to try to take advantage of short-term price movements, then trading can be a good option. It is important to reset yourself first. If you don't understand this issue, you need to buy and hold it, it is the best choice for beginners.

However, it is also important to remember that sometimes beginners often forget that trading is very risky, and the strategy chosen must be adjusted to one's own abilities. Don't do it if you have no short term trading knowledge.

[Pandu Geddon]

Not everybody has patience to hold,that is why so many person's see trading as the fastest among the two.Trading gives quick money when it is strategically done well.Most traders who are used to trading will find it difficult to hold, considering the longer period of time holding takes to yield result.Nevertheless,holding is seen and recognised as the safest among the two,there are no much risk involved,the only thing one has to do in holding is to exercise patience.Make research about a certain project and invest in it,holding it till the gain comes out big,and immediately sell it when you are supposed to sell to avoid had i known.Being greedy is not the best in this,sell when necessary.

but not all can trade well, even though they have been trading for a long time and have learned quite a lot of techniques. some people just have better luck at investing, and some of them just have better luck at trading. and there may be successful in both.
I'm not very good at trading, so I choose to focus more on my Bitcoin investment. the problem of the ability to hold assets, for the first thing the most important thing is to get a profit. no need to wait for ATH if you feel you can't hold it for too long.

[Ayebabara]

But the best one is trading though buying and hodling is also good but trading make more profit if you can really trade. Trading fetch money every day while buying and hodling bitcoin s for a long period of time so of the person can trade let him engaged in it and leave the investors to do their job. In this space not everyone have the patient to wait for that long period.

[MaterialMouse69]

Every newbie who gets to know about about bitcoin mostly conceives the idea that you must have to trade or be a good trader for you to make or be able to earn on bitcoin. And this notion has driven many to scramble for resource materials that teaches on different trading strategies and patterns, yet they end making continuous losses upon losses after even passing through these trading classes and studying of trading materials.

In my little observation, I find out it is not that these strategies taught out from these materials and classes are not in context with conventional trading, or that they are not workable or plausible to earning earning on bitcoin but the underlying truth is that trading isn't meant for everyone in the crypto space and everyone must not be a bitcoin trader. whereas some still fight it and they keep losing financially in the fight.

Why bother yourself to be a skillful trader despite how it's not working out for you when you can be a good holder. Yes! you heard me right, a holder. Why not buy and hold patiently wait for a profitable rise in price from the actual price you bought at and sell at a good profit level. This doesn't demand strategic techniques or you to be a guru with years of experiences in trading, all it's required is "buy, hold patiently for price to rise profitably for you while you sell and wait for another opportunity to buy again and hold.

For example: those that bought bitcoin at the beginning of this year January 2023 can relate to this, as those that bought around 17k-19k price can sell with profit right now as bitcoin price is currently around 28k within the end of the month of march.

Note: The end point is to making profit, so why not focus on the area  that could easily work out for you irrespective of the time it takes instead of following the crowd to a numerous lose end.

Instead of being a good trader you can be a good holder. I like this when you said it but being a trader, I think losing money can be serve as a lesson to everyone, anyone can be a good trader, they need some research to know how to trade and developing your skills and also determination to succeed. Being a trader never run away from risk because it's part of being a trader. It means every trade that the newbie do, there's a possible risk that can lose everyone's money. Because of this, the newbie must know the relationship of risk and profit.

The issue with beginners is that they are constantly looking to become bitcoin traders, which I believe isn't the greatest route as holding is the best course for us in bitcoin rather than trading.

The majority of newcomers to bitcoin trading are inspired by seeing friends and family members succeed in the market. And they believe it to be something simple to accomplish;lack knowledge of how it operates, among other things. And for that reason, people lose when they consistently plan to trade bitcoin.

Another consideration is that beginners sometimes trade bitcoin since they lack the funds to purchase and hold it. It is therefore preferable for them to do so in order to earn minor profits that will enable them to continue trading.

The beginners are being a bitcoin trader because they think it's a instant income, they didn't know that that is a long term. They buying bitcoin like $10-50 and they're hoping that they will have an instant profit since the bitcoin is aroung 28000. Every newbie have different goal to their life, they're pushing their money in bitcoin that has a lack of money.

[Rruchi man]

Note: The end point is to making profit, so why not focus on the area  that could easily work out for you irrespective of the time it takes instead of following the crowd to a numerous lose end.

There are many opportunities in the crypto environment. you do not need to trade because other people are trading, you can still make profit from cryptocurrency by investing. Trading is not as glamorous as many people think, without proper knowledge and strategy you can lose all the money you have in an hour's trade. If you are not comfortable enough financially to accommodate the tendency of loss that you can make, please do not trade.

[Plaguedeath]

But the best one is trading though buying and hodling is also good but trading make more profit if you can really trade. Trading fetch money every day while buying and hodling bitcoin s for a long period of time so of the person can trade let him engaged in it and leave the investors to do their job. In this space not everyone have the patient to wait for that long period.

I don't think waiting for few years is really hard to do except you're don't have any jobs, you don't have anything to do and you buy Bitcoin with money you need to use for less than a year. Don't spend to much money to buy Bitcoin if you have a lot expenses and spending, just use amount that you think you will not use it.

Trading isn't the only way to make money, investing in knowledge and learn a new thing are more important because you don't need to sacrifice your money.

[lienfaye]

Why bother yourself to be a skillful trader despite how it's not working out for you when you can be a good holder. Yes! you heard me right, a holder. Why not buy and hold patiently wait for a profitable rise in price from the actual price you bought at and sell at a good profit level.

I can relate to what you're saying here because I experienced this before. I started in crypto as a trader because I think it's profitable activity that can give me huge earnings. So I tried to be a day trader and see if I can manage to earn through this, but it's not what I expected it to be. Because at that time I have a day job and it's hard for me to manage my time and monitor the market frequently, it gave me headache and stress.

The reason why I decided to be a hodler and this suited me most. Less stress and worries because I dont have to spend time to monitor the market often since I have set target price on when to take profit. Well, just try first what could be the one who might work for you. Because trading is profitable as well but it needs your time in order to not missed the right timing to buy/sell.

[jeraldskie11]

For example: those that bought bitcoin at the beginning of this year January 2023 can relate to this, as those that bought around 17k-19k price can sell with profit right now as bitcoin price is currently around 28k within the end of the month of march.

They can only relate it because they bought it at around 17k or 19k. But if they bought it at around 28k, they can't really relate. What do people think who bought at 17k? I think they have the same thinking with people who bought around 28k. Why? It's because they don't have knowledge how to trade. If you really know how to trade with more confluences, the probability of winning are getting higher.
Imagine: People who knows how to trade, can trade with lower time frames, how much more in higher time frame. That's why when you're just investing, trading skill is still necessary.

[Kelvinid]

And the truth OP is that we don't need to be skillful in trading before succeeding because it is not all about that, it also matters on our mindset and the way we treat trading as another source of income. If notice that it never works and only gives us losses, never have a reason to pursue it but rather take another option - just being an investor.

We can't bring all the things to our hands and yes, we know that trading is not meant for everyone. Why not make ourselves easy and just do buy, hold, and sell - it was indeed profitable as well.

[salad daging]

I tend to recommend buy and hold for anyone expecting returns in the long term. But if they expect short term profits then trading is the solution. The important thing in this situation is, what is the reason they are not getting any returns from trading activity, it should be analyzed so they can recognize the problem instead of changing plans as soon as possible.

I agree that buying and holding is the most effective way for those of you who don't want to linger monitoring and monitoring price movements. It will also prevent them from getting headaches due to price volatility and unrealized profits. But if they still want short term returns I think they should review their trading strategy and find out where they went wrong.

This means that they must be prepared to become a reliable trader because if it is felt that they are still beginners, it will be increasingly difficult for them to profit from trading because of all that it takes skill and strong analysis to choose which coin to trade, but once again trading or holding it is a choice or running both it doesn't matter if they can afford it.

Sometimes a beginner won't all succeed, they have to learn a lot from that failure, especially if they don't improve what is needed while being a holder is very simple, you just need to buy and hold it and they also have to have patience and don't be greedy at our core. we have to be ready for everything, we can determine how many years we will hold it and we can do it the DCA way when they have money they can invest in that way.

Once again it becomes a choice.

[Marykeller]

Not every newbie has the notion that they must trade or be an expert trader to profit from bitcoin. Most of the newbies I've met and known thus far only want to hold onto their bitcoin investments for a very long period in the hopes of making money in the end. They don't ask me about the process of trading on Bitcoin. Their entire focus is on making smart investments with the money they can afford to lose.

I want to know if I've been meeting the wrong newbies who aren't interested in getting into bitcoin trading (lols). Even if I ran into them, I wouldn't suggest they start trading bitcoins because of the potential losses.

[jostorres]

In my little observation, I find out it is not that these strategies taught out from these materials and classes are not in context with conventional trading, or that they are not workable or plausible to earning earning on bitcoin but the underlying truth is that trading isn't meant for everyone in the crypto space and everyone must not be a bitcoin trader. whereas some still fight it and they keep losing financially in the fight.

Why bother yourself to be a skillful trader despite how it's not working out for you when you can be a good holder. Yes! you heard me right, a holder. Why not buy and hold patiently wait for a profitable rise in price from the actual price you bought at and sell at a good profit level. This doesn't demand strategic techniques or you to be a guru with years of experiences in trading, all it's required is "buy, hold patiently for price to rise profitably for you while you sell and wait for another opportunity to buy again and hold.

It obviously is a better option to buy and hold than to trade if you are not up to the level where you can easily manage the trades with all the risks and stuff. Not everyone can manage the risks of trading and it isn't as easy as it may sound. People always hear stories or see others getting profit from trading and think that they can achieve the same but it doesn't necessarily have to be that way.

So those who can't keep up with their trades and are losing money, especially newbies, should probably stick with the buy-and-hold technique and only practice being patient when the market isn't performing well and don't become panic sellers.

[Viscore]

Every newbie who gets to know about about bitcoin mostly conceives the idea that you must have to trade or be a good trader for you to make or be able to earn on bitcoin.

I think it's the opposite, those that I've talked to personally were all just newbies and one thing in common that they believe. And that's just to buy bitcoin and they all gonna be rich. That's the contrary of what you've said about someone has to trade and be profitable in trading bitcoin.

I guess most of us has got that story when someone thinks that having bitcoin is already enough and holding it is the best strategy. That isn't wrong and that's actually what most of us are doing, these newbies weren't also wrong but they lack patience and being profitable by just holding and buying it are all correct.

But to understand of by buying and holding, we're not free from the risk.

I have no doubt in that, since buying and hodling is profitable enough. But still, it’s never free from risk so you have to be very patient and be strong enough not to fall from any pressures that would lead you to sell. However with trading, I know it’s more profitable than hodling alone, but I believe if you can be good in hodling too, your profits will be as huge as trading too.

[lalabotax]

This advice is exactly very wise if we are not able to trade, don't force too much. It is better to hold Bitcoin during certain periods. So, we can earn profits without any high pressure from daily trading situation. This is a normal condition actually if someone is expecting to earn money from the profits of trading. But, they may forget much about the risks of trading for beginners. This is not only about the money and the risk of losing money, but this is also about the psychology, emotion pressure, and other influences and effects of trading.
However, if we are ready enough and able to do that just go on with wise decision.

[Hamza2424]

OP, Whenever a person starts a journey he sets predetermined goals and starts covering the way to achieve them, When it comes to trading I think it is not that simple here a person who wants to get started needs to learn first, then another process step by step. I started a series a week ago and posted 3 of them and the next one is coming soon. It might help the trading newcomers to learn the basics and gain the basic domain knowledge of the crypto trading market.

Buy & Hold is a good strategy but it won't work in the bear market because no one who is new is able to be such patient to wait for only recovering loss in 3 to 4  months and then for profits quite a similar time.

1. New to Trading - Tips and Suggestions (V1) Getting Started Full Guide
2. CEXs vs DEXs & Spot vs Future - Tips and Suggestions (V2)
3. Analysis & its Types - Importance of Analysis in Trading (V3)


Firstly I was trying to cover all the primary topics in 3 to 4 threads but then I realized it's quite not possible so it might take 2 to 3 more threads.

[Luzin]

OP, Whenever a person starts a journey he sets predetermined goals and starts covering the way to achieve them, When it comes to trading I think it is not that simple here a person who wants to get started needs to learn first, then another process step by step. I started a series a week ago and posted 3 of them and the next one is coming soon. It might help the trading newcomers to learn the basics and gain the basic domain knowledge of the crypto trading market.

Buy & Hold is a good strategy but it won't work in the bear market because no one who is new is able to be such patient to wait for only recovering loss in 3 to 4  months and then for profits quite a similar time.

Maybe if OP buy and sell at the right moment it works.
Buy when the price is cheap and sell when the price is expensive.
It's not that easy for writers. It takes time and precise analysis. The author will not know when the exact moment will happen if only buy and hold. Maybe they will just waste time waiting for the price to return, but not all coin options can come back. It's not as easy as what the author and I agree with you, there are many influencing factors.

[michellee]

OP, Whenever a person starts a journey he sets predetermined goals and starts covering the way to achieve them, When it comes to trading I think it is not that simple here a person who wants to get started needs to learn first, then another process step by step. I started a series a week ago and posted 3 of them and the next one is coming soon. It might help the trading newcomers to learn the basics and gain the basic domain knowledge of the crypto trading market.

Buy & Hold is a good strategy but it won't work in the bear market because no one who is new is able to be such patient to wait for only recovering loss in 3 to 4  months and then for profits quite a similar time.

Maybe if OP buy and sell at the right moment it works.
Buy when the price is cheap and sell when the price is expensive.
It's not that easy for writers. It takes time and precise analysis. The author will not know when the exact moment will happen if only buy and hold. Maybe they will just waste time waiting for the price to return, but not all coin options can come back. It's not as easy as what the author and I agree with you, there are many influencing factors.

But the problem is finding the right moment is not easy and not many can get it. Some people make decisions too fast or too slow because they are provoked by the conditions that occur in the market.

The analysis is something they have to have to find the right moment, but it takes practice and time, so they have to be patient until they have good analytical skills.

Buy and Hold is a strategy that many people are used to, especially if they are stuck at a high price so they are forced to hold on for a while. But it is highly recommended that beginners learn to control themselves against market conditions so they don't panic.