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

[Vaculin]

Everyone is free to buy bitcoin but it will be useless to say if he does not know how to trade since it’s the only way that he will get good returns from bitcoin once he decide to sell or trade it when it’s price has skyrocket. So most likely, if you dont know how to trade, you will never be in profit for crypto, not only for newbies but also even to those who have been staying long in the market. Bitcoin is all about buying and selling, investing and trading, aside from using it as a payment currency to buy certain goods and services.

[Cryptomultiplier]

For me, it is a myth. Simply put.
What a newbie needs to do is, learn the basics. Learn how to buy, learn how to hold. It shouldn't take more than seeing a few YouTube clips/videos in one night or day to do this. Make a simple, comprehensive note.

One of the laws of getting rich by investing in businesses or ideas, is to have at least an idea of what you want to put your hard earned money into. An instance was even sited as regards to this in the book titled, 'The Richest Man In Babylon,' that's if you heard of it. It talked about someone (I may have to search the names of the characters again) who saved up some cash and gave it to his friend the merchant to buy jewelry so he would sell. This person later discovered it was glass sold to him. He lost and then sort advice. He was told it was because he had no knowledge of the jewelry and sent a merchant who was tricked with fakes or caused the scenerio, that's why he lost all his money. If you get the point.

This isn't gambling where one can get over the loss easily with just one more turn which may not be much.
A newbie is like a newborn baby, she must learn to crawl before walking and then running.

[shinratensei_]

newbies could easily just speculate and would still make profits.
knowing how to trade in general only good if you are really committed and wanna build career around it otherwise it don't really needed, you just know the fundamental of a project, whether they got good partnership with some known venture capitals that gives the project it self massive funding, and you can easily invest in it. if it happens rising after presale, then you are lucky with your investment, if not then you could easily become investors.
talking about taking advantage of the circumstance. so I could pretty much say that it is myth, but certainly knowing how to trade will increase your chance of getting profits at the end of the day.

[gabbie2010]

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?

Yes it's absolute truth that newbies require the basic knowledge to earn profit from there investment in crypto one of such basic skills is to avoid buying at high i.e when the price is already peaked, learning how to buy low and sell high is one of the basic prerequisite in trading and investing in crypto failure to adhere to that simple basic rule will  lead to avoidable losses from investment.

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. 

Basically a newbie after learning the basic rule of trading
and investment in crypto is expected to research on the particularly project they intended to invest on to avoid falling onto the scam project of course there are numerous projects in the crypto market whose credibility and trustworthiness is not guaranteed, personally I prefer a newbie to invest on the major crypto e.g Bitcoin, Ethereum, BNB etc by investing when the market is bearish sentiment.

[jeraldskie11]

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? 

Investing and Trading is quite different in terms of risks. In my opinion, there are couple of new investors that are profitable the first time they invest especially if they invested in 2021. But the chances of being profitable is very low if you don't have knowledge compared to those experienced investors.

In trading, I can say that you can't be profitable if you don't have knowledge. Even traders who have knowledge in trading are having a hard time of becoming profitable. For you to know, around 90% of traders lose money.

[MFahad]

Beside trading there is another option which is known as investments but in investment you have to wait for better time to get the advantages of maximum worth of selected token. As compared to trading investments will give you more profit but for this you have to know when to purchase and when to sell the desire token.

This is not false that people without skills cannot achieve desire advantages but if someone who win for 2 or 3 times regularly without expertise and knowledge then may be that time was favorable for him but this does not occurs all the time.

The different between gambling and trading is only knowledge and skills so if a person entering the crypto market without knowledge and skills so it means that he consider trading as gambling which is totally wrong concept.

[Weawant]

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.  

It's a myth as there are many ways to benefit from the industry without having to become a trader, trading is one of the ways newbies think they can because successful but it isn't as easy as it sounds because you'll have to go through many studying to succeed at training.

Many traders end up disappointed after their first few weeks of trading and other traders quit or don't succeed at trading because they were after the profits instead of first learning how to trade like the professionals. Trading needs discipline but many people don't have it.

You can make money by investing in new projects through the difference means like launchpads, initial exchange offering or platforms that give investors an opportunity to invest in new projects that aren't exchanges . We have some popular ones which has good reviews.

[BD Crypto]

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?

I want to make a little correction in your speech and that is New investors can even make profits without trading skills but they can't hold it for long term. Without trading skills, trading is like gambling. So a trader must have at least basic trading skills to create his position in the market. Sometimes it's possible to make profits without skill but it will be very difficult to be in profit most of the time. There are many ways to improve trading skills and they aren't hard even much easier. So why we should gamble with our real assets when there is many tricks to increase our winings?

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. 

Long term Bitcoin holders will surely win if someone can hold it for a certain period. Beside this another most popular way to gain profits is staking Cryptocurrencies. Though staking rewards aren't much worthy but it's much safer way for newbies. Stable coins and some Cryptocurrencies have this staking feature. So we have to choose the best one with proper analysis.

[Cling18]

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.  

It's a myth as there are many ways to benefit from the industry without having to become a trader, trading is one of the ways newbies think they can because successful but it isn't as easy as it sounds because you'll have to go through many studying to succeed at training.

Many traders end up disappointed after their first few weeks of trading and other traders quit or don't succeed at trading because they were after the profits instead of first learning how to trade like the professionals. Trading needs discipline but many people don't have it.

You can make money by investing in new projects through the difference means like launchpads, initial exchange offering or platforms that give investors an opportunity to invest in new projects that aren't exchanges . We have some popular ones which has good reviews.

But investing also requires knowledge and basic understanding about how to trade. It also need a research so you won't fall for scam projects. You don't really need to be a professional trader to earn but rather learn the basics and have knowledge about how the blockchain techology works.
There are also lots of good resources that you could find online so you better have the eagerness and courage to learn. Trading is a long process of learning but if you would persevere, you'll adopt new knowledge about the basics which will be helpful as you grab other opportunities that crypto could offer.

[darkangel11]

It’s a truth. People will never gain profits in crypto if they won’t be expose with buy and sell.

You're so wrong about this. Don't you get that if bitcoin can be exchange to goods and services directly? You don't have to know how to trade it on exchange to turn it into those goods and services.
Someone bought bitcoin in 2020 and in 2021, when he was up 300%, he bought a house with bitcoin, because the seller or the agency agreed to such deal. According to you that person did not gain any profit.

[wxa7115]

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. 

That is not entirely accurate as newbies with no skills at all could still obtain profits if they were lucky enough to invest in the right coin at the right time, however if what you want are reliable profits you can get for the long term then I think your coworkers are right.

The markets are meritocratic to the extreme, if you know what you are doing then you can obtain profits, and the greater your skill the greater your profits, however the opposite is also true, so if your knowledge about the markets is low then you will lose money, and the greater your ignorance about the markets the greater your losses.

[lienfaye]

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

It depends on your way to earn in crypto. In trading, knowledge and skills are crucial to gain as a trader. That's an edge to profit consistently (depending on your strategy too) since you know what you're doing. On the other side, for investors it doesn't necessary to have a certain skills as long as you have basic knowledge on what you should do in order to gain. Moreover there are also plenty of ways to earn in crypto so it's not only limited to trading.

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

Investing itself is already profitable if you chose the right coin and that is Bitcoin. You can diversify your capital by investing in alts but if you want to take the safer side then choose Bitcoin. Though it might take time to profit since it's actually good to hold for long period.

[Learn 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.  

There are other ways to earn besides trading. Holding your coin for a long time will make you money. But you have to know where to invest. Choosing the right coin and wallet to store your coin would be best. Go for Bitcoin if you want to make money by holding your coin. It's the most reliable coin for long-term holding. Bitcoin will grow in price in the long term because of its mechanism. The scarcity will increase each year.

Another way to make money besides trading is staking your coin on centralized exchanges. Which is extremely dangerous, and I discourage staking your crypto on any 3rd party website or exchange. The first choice is to hold your bitcoin in your wallet.

[Gallar]

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 idea is not a mistake, it is a real fact that is happening in the crypto industry. Because if the idea is interpreted to scare a beginner who wants to join the industry or crypto market, I don't think that's how it is conveyed. This idea is clear, meaning that when someone enters the crypto field, but has no knowledge related to trading or investing in crypto, it is very likely that the novice investor will experience failure or loss. So basically the contents of the idea if clarified means like that. Even in my opinion, this idea is the concern of people who have long and experience in the crypto field, so that beginners don't get caught up in losses.

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. 

You can do staking, or you can also save crypto currency for a long time (investing). But still, all of these methods will not run smoothly, if the knowledge to carry out these methods is not explored to the fullest. So my advice, learn more before plunging into the world of crypto currency. So that you don't get confused and can in the end enjoy maximum results.

[freedomgo]

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. 

Investing and trading are actually different thing. However, some plain investors dream to become professional traders because they know it would pave way to a bigger and more huge profits that investing alone cannot guarantee. But I’m not saying that investing alone especially if it’s for long term is not profitable at all. Of course, it’s the easiest and risk free to gain profits while you are just sitting alone waiting for the price to skyrocket.

[mirakal]

Newbies are never allowed to trade in the first place, unless they have gained enough experiences that will hone their skills and strategies in trading. However, since newbies would find it hard from profiting in trading, then investing on the other hand is a safer way to help them accumulate some profits. Regardless if you have gained experiences or not, as long as you always invest for long term goal, provided that you have the good mindset and patience required, then eventually making profits would will still be possible. The only reason why people never achieve good profits is that they are greedy enough to expect quick returns and decide to sell even when the price is still not reasonable and impressive to sell.

[Peanutswar]

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. 

Actually could be possible your co-workers are talking about the long term investment with the use of the spot trading they are leaving their investment and wait for the market goes up as they want to take profit most of the newbies are doing this but the number of profit will depends on the amount of your investments, again the market is volatile so expect as you can that not all the time there's a winning trades. To make yourself more aware ideal to learn basic trading you can do spot trading too like scalpings take profit with the small price movement so you can not settle with holding your assets.

[palle11]

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?

Crypto trading is different from crypto investment. If you want to invest in a coin, what you need to do is to know how to navigate your way in an exchange where the coin is listed and you put your order and you are hodling it until when you want to sell or someone can buy for you or invest your money if you don't know how to buy through the exchange. But trading require basic trading knowledge and that is very important because you can't give what you don't have.

[xSkylarx]

It’s a truth. People will never gain profits in crypto if they won’t be expose with buy and sell.

You're so wrong about this. Don't you get that if bitcoin can be exchange to goods and services directly? You don't have to know how to trade it on exchange to turn it into those goods and services.
Someone bought bitcoin in 2020 and in 2021, when he was up 300%, he bought a house with bitcoin, because the seller or the agency agreed to such deal. According to you that person did not gain any profit.

Also, he can use it as a payment method if he has a business, which can attract more customers and also increase profits. You are right about selling your services, like here in the forum, or there are other tasks like graphic design, video editing, and other microtasks that you'll be paid for with bitcoin. There are tons of ways to earn, but trading is really the main one that all of us can do, like buying and holding it as it is still trading, but it will take more years before you sell it.

[Botnake]

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. 

Focus on DCA and in less time, you will start to profit in crypto without getting yourself involved in trading. Trading is a lot more risky that’s why some people are hesitant to start to trade, and so they just focus on investing and with their patience and their ability to manage their investments for long term, profits are definitely waiting ahead. So investing alone is already profitable, as long as you stick to its basic of buying low and selling high.