Newbies can't profit from crypto without knowing how to trade. Truth or Myth?

[Zee27]

I overheard my coworkers discussing the idea that new investors in crypto cannot make profits without possessing trading skills. I would like to initiate a discussion on whether this claim is true or false. In my view, this belief is a false notion that is spread by individuals who want to discourage those who are curious about investing in crypto. What is your perspective on this topic?

Guys, I mean what other ways can newbies benefit from crypto investment without having to be a day trader or a professional trader. Because I believe there are other ways to earn aside from trading. 

[tranthidung]

I overheard my coworkers discussing the idea that new investors in crypto cannot make profits without possessing trading skills.

You must have basic knowledge and skills for buying and selling which are helpful for your investment but don't use buying and selling for your trading. At least you must use Buying and Selling orders without mistakes.

Market Order vs. Limit Order: What's the Difference?

Investment is better and safer than trading and if you invest in a safest cryptocurrency, Bitcoin, you will have profit. If you invest in altcoins, I am not sure about how you end with them. Most of altcoins will bring losses to you, not profit because most of altcoins die with time.

[Beparanf]

I overheard my coworkers discussing the idea that new investors in crypto cannot make profits without possessing trading skills. I would like to initiate a discussion on whether this claim is true or false. In my view, this belief is a false notion that is spread by individuals who want to discourage those who are curious about investing in crypto. What is your perspective on this topic?

This is true in everything not only in trading. You will never be successful on your trading without the skills of doing it since you don’t have any strategy that will make your profitability consistent. Consistency is the key to have a stable profit.

Newbie usually just guess and place trade randomly which can be considered as gambling since they are relying on their luck to have a profit instead of their skills to increase their chance of profit. Skills is your main weapon to have an advantage against other traders since we are all competing to each other on when to buy and sell.

[Oshosondy]

I overheard my coworkers discussing the idea that new investors in crypto cannot make profits without possessing trading skills. I would like to initiate a discussion on whether this claim is true or false. In my view, this belief is a false notion that is spread by individuals who want to discourage those who are curious about investing in crypto. What is your perspective on this topic?

'No' on decentralized exchanges like Bisq.

It depends on the centralized exchange. On some exchanges, people do not have option than to use their spot trading orders. But most complex exchanges have lite version now which is called convert. Convert is very simple to use, even for newbies.

Some exchanges are very simple to use and basic and they do not offer pro or complex trading. Example are Luno, Remitano and Quidax that are available in my region.

In conclusion, I will say no.

[rat03gopoh]

If you mean to be an active trader in the advanved market like futures, that's true. I think this question refers to the spot market, not everyone who enters the trading platform has to master technical skills because the value of their portfolio keeps on fluctuating just by "investing". What needs to be noted about profit here is when you manage to realize profit when the P&L indicator is green, all traders including newbies have this opportunity. The difference lies in the consistency of profits, with trading skills you have the upper hand in this regard.

[cabron]

Waiting for the bullrun and price to move to the ATH to sell is still considered trading. Its a long term investing but still once you sell your coins in the bull run, you trade them.

A newbie will have to learn a lot if he wants to do day trading though. Good thing there are tons of people already teaching online how to do it. To make a profit every day is going to depend on how determined he is to learn.

[Nonstopspider]

I overheard my coworkers discussing the idea that new investors in crypto cannot make profits without possessing trading skills.

You must have basic knowledge and skills for buying and selling which are helpful for your investment but don't use buying and selling for your trading. At least you must use Buying and Selling orders without mistakes.

Market Order vs. Limit Order: What's the Difference?

Investment is better and safer than trading and if you invest in a safest cryptocurrency, Bitcoin, you will have profit. If you invest in altcoins, I am not sure about how you end with them. Most of altcoins will bring losses to you, not profit because most of altcoins die with time.

I agree that investing is safer than trading, but it is profitable if you have a cold mind and you studied. I am more the one that invests in Spot, Trading requires also a lot of mental health.

On the other hand, you can find other ways to make profits with Pools or programs in Defi or Exchanges that generate passive incomes, it is slow but you can reinvest them and keep generating more and not have your assets idle.

Some platforms also have events that are not that guaranteed but it can be profitable with low investment (I qualified, for example, to Aptos and Arbitrum ones)

[TheUltraElite]

I overheard my coworkers discussing the idea that new investors in crypto cannot make profits without possessing trading skills. I would like to initiate a discussion on whether this claim is true or false. In my view, this belief is a false notion that is spread by individuals who want to discourage those who are curious about investing in crypto. What is your perspective on this topic?

Knowledge in trading will not be the reason to be able to make money but will cut down some common mistakes that can force you to lose money. Rest of the money making is your own luck, predictions and patience. Newbies in speculative trading will be assumed (and proven) to be lacking this mindset and thus the above notion.

Every trader was once a newbie. So I dont think this statement should discourage new investors, because that is a personal choice of rubbing someone's statements on their own skin.

If a newbie start dummy trading and is keen to learn, they can profit in a few months, but they should have patience and be able to endure long bear markets.

[Zee27]

I overheard my coworkers discussing the idea that new investors in crypto cannot make profits without possessing trading skills. I would like to initiate a discussion on whether this claim is true or false. In my view, this belief is a false notion that is spread by individuals who want to discourage those who are curious about investing in crypto. What is your perspective on this topic?

Knowledge in trading will not be the reason to be able to make money but will cut down some common mistakes that can force you to lose money. Rest of the money making is your own luck, predictions and patience. Newbies in speculative trading will be assumed (and proven) to be lacking this mindset and thus the above notion.

Every trader was once a newbie. So I dont think this statement should discourage new investors, because that is a personal choice of rubbing someone's statements on their own skin.

If a newbie start dummy trading and is keen to learn, they can profit in a few months, but they should have patience and be able to endure long bear markets.

Quite true. But I believe that there are ways newbies can benefit from crypto without having the skill to trade and make technical analysis. Matter of fact, some exchanges have recently made it easy for newbies in the space to earn without knowing how to trade. I don't know if you've ever come across the Bitget flexible savings where users can actually earn daily interest on their assets. This is one of those ways. Learning to trade is essential but believe me, it is no walk in the park and it makes new users shy away from joining the crypto space.

[Plaguedeath]

Since you're talking about newbie making profit from crypto, it's a myth because you can try by yourself to buy Bitcoin now and hold it until the next 2 years, there's a big chance you will double your money.

But if you're talking about newbie making profit from crypto through trading, it's mostly a truth because you could make money with luck and we're know luck isn't always can happen. If you always depends with luck, it has no difference with gambling.

[Zee27]

Since you're talking about newbie making profit from crypto, it's a myth because you can try by yourself to buy Bitcoin now and hold it until the next 2 years, there's a big chance you will double your money.

But if you're talking about newbie making profit from crypto through trading, it's mostly a truth because you could make money with luck and we're know luck isn't always can happen. If you always depends with luck, it has no difference with gambling.

But don't you think there are ways via which newbies can earn from crypto without trading? If we keep emphasisng that they must have the skill to trade, which impersonally believe is a daunting task because it took me years to learn how to trade, this might scare new investors from joining the crypto space? 

They can earn by simply staking all while learning how to trade professionally.

[AmoreJaz]

I overheard my coworkers discussing the idea that new investors in crypto cannot make profits without possessing trading skills. I would like to initiate a discussion on whether this claim is true or false. In my view, this belief is a false notion that is spread by individuals who want to discourage those who are curious about investing in crypto. What is your perspective on this topic?

Guys, I mean what other ways can newbies benefit from crypto investment without having to be a day trader or a professional trader. Because I believe there are other ways to earn aside from trading. 

While trading can be profitable, it's not the only way to earn profits from cryptocurrency investments. New investors can also make potential profits by buying and holding cryptocurrencies. This strategy involves purchasing a cryptocurrency and holding onto it for a period of time in the hopes that its value will increase. This is a simple and popular technique that can be effective if you invest in the right project. Therefore, I believe the idea that new crypto investors can only earn from trading is a myth.

there are other activities where a person can earn from this market, and yes, it is not only from trading. for those freelancers, they can always accept crypto in their payment method, and so they are earning from this market just by getting crypto in exchange of their services. as already mentioned, you can also buy or invest some valuable projects and sell it when you think you have incurred your profits.

[Bitcoinpoly]

I overheard my coworkers discussing the idea that new investors in crypto cannot make profits without possessing trading skills. I would like to initiate a discussion on whether this claim is true or false. In my view, this belief is a false notion that is spread by individuals who want to discourage those who are curious about investing in crypto. What is your perspective on this topic?

Knowledge in trading will not be the reason to be able to make money but will cut down some common mistakes that can force you to lose money. Rest of the money making is your own luck, predictions and patience. Newbies in speculative trading will be assumed (and proven) to be lacking this mindset and thus the above notion.

Every trader was once a newbie. So I dont think this statement should discourage new investors, because that is a personal choice of rubbing someone's statements on their own skin.

If a newbie start dummy trading and is keen to learn, they can profit in a few months, but they should have patience and be able to endure long bear markets.

Quite true. But I believe that there are ways newbies can benefit from crypto without having the skill to trade and make technical analysis. Matter of fact, some exchanges have recently made it easy for newbies in the space to earn without knowing how to trade. I don't know if you've ever come across the Bitget flexible savings where users can actually earn daily interest on their assets. This is one of those ways. Learning to trade is essential but believe me, it is no walk in the park and it makes new users shy away from joining the crypto space.

Flexible savings? Not sure have ever heard of that in crypto and how does that benefit new users who doesn’t even have the knowledge of the volatile market.

[Sim_card]

Guys, I mean what other ways can newbies benefit from crypto investment without having to be a day trader or a professional trader. Because I believe there are other ways to earn aside from trading. 

The best way a newbie can benefit from bitcoin investment is if the person invest in a long term investment. This is the easiest way any newbie can benefit from bitcoin. All you need to do is to use the money that you can afford to lose to invest and forget about your bitcoin just put the duration of time that you want to hodli you bitcoin investment and for sure when the time comes that you are ready to sell at you price target you will be smiling at the profit that you will make. For you to be able to invest on long term,you must understand the market and follow up with the market trend so that you wouldn't be discouraged when bitcoin price falls. It is just like putting your money in a fixed deposit and after some year,your funds will generate interest but bitcoin investment is far better than that of banks. Hodling your bitcoin for long will generate profit far better than trading for a newbie who lack the knowledge to trade. I see trading as stress and I prefer to just hodli my coins.

[Zee27]

I overheard my coworkers discussing the idea that new investors in crypto cannot make profits without possessing trading skills. I would like to initiate a discussion on whether this claim is true or false. In my view, this belief is a false notion that is spread by individuals who want to discourage those who are curious about investing in crypto. What is your perspective on this topic?

Guys, I mean what other ways can newbies benefit from crypto investment without having to be a day trader or a professional trader. Because I believe there are other ways to earn aside from trading. 

While trading can be profitable, it's not the only way to earn profits from cryptocurrency investments. New investors can also make potential profits by buying and holding cryptocurrencies. This strategy involves purchasing a cryptocurrency and holding onto it for a period of time in the hopes that its value will increase. This is a simple and popular technique that can be effective if you invest in the right project. Therefore, I believe the idea that new crypto investors can only earn from trading is a myth.

there are other activities where a person can earn from this market, and yes, it is not only from trading. for those freelancers, they can always accept crypto in their payment method, and so they are earning from this market just by getting crypto in exchange of their services. as already mentioned, you can also buy or invest some valuable projects and sell it when you think you have incurred your profits.

Absolutely! This is what I'm trying to point out. For years I couldn't understand the concept of trading even though I joined some classes and took some courses. I literally would've given up if my friend hadn't introduced me to staking and other non trading methods of earning and today, there are tons of other ways to earn as a newbie. We need to propagate these methods instead of making newbies believe that only professional and guru traders can profit from crypto. Thanks for your input buddy.

[Fesatmas]

This is true in everything not only in trading. You will never be successful on your trading without the skills of doing it since you don’t have any strategy that will make your profitability consistent. Consistency is the key to have a stable profit.

This is a general statement in which indeed everyone is required to have an ability or potential in that field so that they can easily carry out it according to a predetermined plan. Consistency is the key to everyone's success in the field they are working on. It cannot be denied that there are also those who blame fate and think that success is always difficult for them to get. I think this incident is only for people who are not serious about pursuing a field.

Newbie usually just guess and place trade randomly which can be considered as gambling since they are relying on their luck to have a profit instead of their skills to increase their chance of profit. Skills is your main weapon to have an advantage against other traders since we are all competing to each other on when to buy and sell.

For starters, maybe it is possible and permissible if indeed beginners choose options with their guesses regarding trading in one of the markets, even though this method is the same as gambling. But I think to get an experience it can be done because it takes sacrifice to be able to get a knowledge, but it must be remembered that they cannot fully do the same thing. Beginners are expected to be able to take advantage of opportunities to learn from mistakes and correct these mistakes so that one day they will not be repeated.

[Zee27]

Guys, I mean what other ways can newbies benefit from crypto investment without having to be a day trader or a professional trader. Because I believe there are other ways to earn aside from trading. 

The best way a newbie can benefit from bitcoin investment is if the person invest in a long term investment. This is the easiest way any newbie can benefit from bitcoin. All you need to do is to use the money that you can afford to lose to invest and forget about your bitcoin just put the duration of time that you want to hodli you bitcoin investment and for sure when the time comes that you are ready to sell at you price target you will be smiling at the profit that you will make. For you to be able to invest on long term,you must understand the market and follow up with the market trend so that you wouldn't be discouraged when bitcoin price falls. It is just like putting your money in a fixed deposit and after some year, your funds will generate interest but bitcoin investment is far better than that of banks. Hodling your bitcoin for long will generate profit far better than trading for a newbie who lack the knowledge to trade. I see trading as stress and I prefer to just hodli my coins.

Right on point. lol wait, I can't imagine depositing my funds in the bank when they offer little to no interest on your funds. Not especially when I can subscribe to the bitget's earning product ''flexible savings'' to get some good APR on my savings. I believe that if new investors actually know about these methods, they'd happily get onboard. HODLING, FLEXIBLE SAVINGS, STAKING etc are all safe and friendly ways newbies can earn from crypto.

[tvplus006]

...Guys, I mean what other ways can newbies benefit from crypto investment without having to be a day trader or a professional trader.

The cryptocurrency market is a high-risk object for investment. This means that you can very easily lose your savings, regardless of whether you are a beginner or an experienced trader. It's just that a beginner has a much higher chance of losing his money than an experienced trader.

[Asiska02]

I overheard my coworkers discussing the idea that new investors in crypto cannot make profits without possessing trading skills. I would like to initiate a discussion on whether this claim is true or false. In my view, this belief is a false notion that is spread by individuals who want to discourage those who are curious about investing in crypto. What is your perspective on this topic?

This is a false statement and should not be regarded as being true. Some people believe in luck while others believe in hardwork. Going with the first one which is luck, a newbie can begin trading in a day and make a lot of profit a more successful trader can’t make in a day. On the other hand, hard work is really the game changer here, and with much knowledge, you’ll no doubt earn a lot from trading bitcoin.

Guys, I mean what other ways can newbies benefit from crypto investment without having to be a day trader or a professional trader. Because I believe there are other ways to earn aside from trading. 

Another way for newbies to earn aside from trading is just simply to hold their bitcoin. Hodling bitcoin for a long time will definitely earn you a lot of profit in the future. You don’t need to worry about market volatility and changes overtime, just hold and wait for the right time when you must have earned a lot of profit from your investment. Bitcoin amongst other cryptocurrencies have the potential of increasing its value overtime.

[knowngunman]

I overheard my coworkers discussing the idea that new investors in crypto cannot make profits without possessing trading skills. I would like to initiate a discussion on whether this claim is true or false. In my view, this belief is a false notion that is spread by individuals who want to discourage those who are curious about investing in crypto. What is your perspective on this topic?

This is applicable to everything in general and not only trading. Whatever you are doing, if you lack the basic knowledge and skills you may likely fail. The statement above is exaggerated but it is not to discourage new traders but rather be encourage them to acquire some skills from pro traders before venturing into trading. Without the skills you can not even differentiate between short and long, candle stick, lots size and other terms related to trading. As a newbie, your chance to make profit without skills is 0.1%. It is therefore important for you to seek the knowledge first.

Guys, I mean what other ways can newbies benefit from crypto investment without having to be a day trader or a professional trader. Because I believe there are other ways to earn aside from trading. 

Crypto investment is quite different from Crypto trading. You are the one confusing yourself. You don't need to be trader before you earn from Crypto. Trading is one aspect of crypto that requires high skills if you want to go far and it's more riskier that investment. As a newbie and investor, you can buy and hold for prefer period of time and sell when you feel satisfied with the profit. You don't need to trade on daily basis and you may stake your coin as well to be receiving a little fraction on a fix period.