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

[tbct_mt2]

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

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 investment. Investment in Bitcoin, I want to emphasize Bitcoin investment, will help you get profit. Investment in altcoins will be more risky, uncertain and mainly will bring losses.

Investment with your money, don't borrow money and buy bitcoin, then think you are investing in Bitcoin. It is gambling when the money used is not yours.

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.

Trading is more risky and more pressure. It takes more time from you too and if you don't have enough time, trading is not for you.

So thinking about more risky, more pressure, more time must be spent for trading, I would give it up and consider alternatives. As said above, it's investment which will be helped with dollar cost averaging DCA.

https://dcabtc.com/

[Viscore]

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 alone will make you benefit in crypto because the more coins you invest particularly bitcoin, then the more profits you’ll gain once the price has increased a lot from the time you bought them. And selling them when the market turns bullish will make you very profitable and productive, even if you are not a professional trader.

[Fivestar4everMVP]

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. 

You don't have to necessarily be a day trader or a professional one to earn from crypto as a newbie, by the way, is there any newbie who becomes a professional trader overnight ? lol.
As a newbie who wants to make money in crypto, you can still achieve that by finding a very good and low risk crypto coin to invest in while they are still cheap, example of low risk coins are usually coin in the top 50 or lesser according to coin market capitalization, but then, if i must mention a name, then the coin with the lowest risk is always bitcoin, you can buy coins like bitcoin when the price is low and sell when the price rises, you can keep doing this repeatedly while learning how to trade like a pro, as soon as you become  very good in trading, you can start making profits daily depending on your consistency, knowledge and level of patience.

[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.  

You don't have to necessarily be a day trader or a professional one to earn from crypto as a newbie, by the way, is there any newbie who becomes a professional trader overnight ? lol.
As a newbie who wants to make money in crypto, you can still achieve that by finding a very good and low risk crypto coin to invest in while they are still cheap, example of low risk coins are usually coin in the top 50 or lesser according to coin market capitalization, but then, if i must mention a name, then the coin with the lowest risk is always bitcoin, you can buy coins like bitcoin when the price is low and sell when the price rises, you can keep doing this repeatedly while learning how to trade like a pro, as soon as you become  very good in trading, you can start making profits daily depending on your consistency, knowledge and level of patience.

the chance of earning your profit as a newbie will always be there. however, it depends on the coins that you want to try with. a newcomer can always try their hands on in trading but should use a small amount of money to grasp what is going on in the crypto market. you won't know the feeling if you will just read. so as a start, you can trade using spare money. and it doesn't mean, you will lose it all, if you are lucky, you can already get your first profit. so yeah, even newbie in trading can profit from this market.
but don't get scared when you lose, that's part of learning the trade. even the so-called experts have had their share of losses and still losing. but they already know how to cut losses if in case they are on this side.

[nelson4lov]

Investing alone will make you benefit in crypto because the more coins you invest particularly bitcoin, then the more profits you’ll gain once the price has increased a lot from the time you bought them. And selling them when the market turns bullish will make you very profitable and productive, even if you are not a professional trader.

Investments these days doesn't pan out much. If it were the ICO days at the peak of 2017 bull run, I'd agree. Now, not so much. There's too much regulatory scrutiny that no new project will launch a token via a sale without mandatory KYC submission via the participants. Major way now is to just buy existing tokens or just Bitcoin. While investments like that work, the price doesn't tend to do much because of the bear market we currently are in. The major people benefitting now are those who bought Bitcoin and other tokens during the FTX crash and fud in November 2022. Other than that, not so much.

These days trading > Investing as the market id often in a range.

[Fivestar4everMVP]

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.  

You don't have to necessarily be a day trader or a professional one to earn from crypto as a newbie, by the way, is there any newbie who becomes a professional trader overnight ? lol.
As a newbie who wants to make money in crypto, you can still achieve that by finding a very good and low risk crypto coin to invest in while they are still cheap, example of low risk coins are usually coin in the top 50 or lesser according to coin market capitalization, but then, if i must mention a name, then the coin with the lowest risk is always bitcoin, you can buy coins like bitcoin when the price is low and sell when the price rises, you can keep doing this repeatedly while learning how to trade like a pro, as soon as you become  very good in trading, you can start making profits daily depending on your consistency, knowledge and level of patience.

the chance of earning your profit as a newbie will always be there. however, it depends on the coins that you want to try with. a newcomer can always try their hands on in trading but should use a small amount of money to grasp what is going on in the crypto market. you won't know the feeling if you will just read. so as a start, you can trade using spare money. and it doesn't mean, you will lose it all, if you are lucky, you can already get your first profit. so yeah, even newbie in trading can profit from this market.
but don't get scared when you lose, that's part of learning the trade. even the so-called experts have had their share of losses and still losing. but they already know how to cut losses if in case they are on this side.

For newbie traders, i am not always in support of them jumping into trading real funds right away as a means of testing their legs on the waters, technology has made it very simple for those who are willing to learn to learn trading by actually trading without having to use real money, like I've mentioned in one of my previous comments on another thread, several advanced crypto exchanges and forex brokers offer users and potential users the ability to choose between trading on a demo account of live account, Demo account mean the trader doesn't have to trade with real fund, but still makes use of all the tools used in trading real funds, this is one of the best ways to learn how to trade before committing real funds to trading, this is actually for those newbies who cant risk losing too much for the purpose of learning.

[Dr.Bitcoin_Strange]

First, there is a big gap between a trader and a normal investor. A trader is basically someone who frequently buys Bitcoin or Altcoins at a low price and sells if the price is high, while an investor only buys his desired coin (Bitcoin, preferably) and holds it for a long time when they have made a huge profit. To become an investor, you don't need any trading skills or courses before you can successfully invest in Bitcoin; all you need is to know how and where to securely buy your coin and how to safely hold it on your Self-contained wallet.

[teosanru]

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 it depends on the trend of the market at that time. For example if you see it right now there is a difficult chance that they would make profit anytime soon because market is very sideways. But at the same time if bull run comes in an year the returns on the money of that person in just 2 years might get upto double or triple or even more than that in altcoins. So yes on a 5 year scale I Am quite confident that crypto will be profitable.

[Quidat]

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.  

You don't have to necessarily be a day trader or a professional one to earn from crypto as a newbie, by the way, is there any newbie who becomes a professional trader overnight ? lol.
As a newbie who wants to make money in crypto, you can still achieve that by finding a very good and low risk crypto coin to invest in while they are still cheap, example of low risk coins are usually coin in the top 50 or lesser according to coin market capitalization, but then, if i must mention a name, then the coin with the lowest risk is always bitcoin, you can buy coins like bitcoin when the price is low and sell when the price rises, you can keep doing this repeatedly while learning how to trade like a pro, as soon as you become  very good in trading, you can start making profits daily depending on your consistency, knowledge and level of patience.

the chance of earning your profit as a newbie will always be there. however, it depends on the coins that you want to try with. a newcomer can always try their hands on in trading but should use a small amount of money to grasp what is going on in the crypto market. you won't know the feeling if you will just read. so as a start, you can trade using spare money. and it doesn't mean, you will lose it all, if you are lucky, you can already get your first profit. so yeah, even newbie in trading can profit from this market.
but don't get scared when you lose, that's part of learning the trade. even the so-called experts have had their share of losses and still losing. but they already know how to cut losses if in case they are on this side.

For newbie traders, i am not always in support of them jumping into trading real funds right away as a means of testing their legs on the waters, technology has made it very simple for those who are willing to learn to learn trading by actually trading without having to use real money, like I've mentioned in one of my previous comments on another thread, several advanced crypto exchanges and forex brokers offer users and potential users the ability to choose between trading on a demo account of live account, Demo account mean the trader doesn't have to trade with real fund, but still makes use of all the tools used in trading real funds, this is one of the best ways to learn how to trade before committing real funds to trading, this is actually for those newbies who cant risk losing too much for the purpose of learning.

When you are just starting on crypto field then it would really be just that wise on making yourself that be reading up on towards different things correlated to it. Bare in mind that trading isnt the only
way on making yourself that able to make money or profit here on this space. We do have investment and other various crypto related jobs on which it could really make you earn. Trading isnt the only way but this had been the common option on where most people be dealing off with but of course its not that something that would really be easy because most of newbies do really jump in directly without even trying to look out on what are the possible risks that lies ahead until they would be able to experience it on their very own eyes. TEsting out waters is recommendable and this is why
its never been wise on making use of huge capital or money that you would be putting in specially on the time that you are just starting.

[Distinctin]

I believe it’s only a myth because the crypto market is not just for trading alone, but everything starts with investing. And those who carefully invest with caution, with high knowledge on the coins they are investing, have high probability to be successful and be profitable in the market. However, if you are skilled in both, investing and trading, then the more visible profits you will gain in the future.

[Unbunplease]

I believe it’s only a myth because the crypto market is not just for trading alone, but everything starts with investing. And those who carefully invest with caution, with high knowledge on the coins they are investing, have high probability to be successful and be profitable in the market. However, if you are skilled in both, investing and trading, then the more visible profits you will gain in the future.

When a lot of whitepapers are created by hired workers, even a good whitepaper will not give any guarantee that the project is okay. The team can disperse at any time, any member of the team can hack and embezzle the collected funds, the collected funds can be spent incorrectly, and many other reasons for the fact that careful scrutiny will yield nothing. NOTHING. It all depends on luck and intuition.

[ololajulo]

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.  

You don't have to necessarily be a day trader or a professional one to earn from crypto as a newbie, by the way, is there any newbie who becomes a professional trader overnight ? lol.
As a newbie who wants to make money in crypto, you can still achieve that by finding a very good and low risk crypto coin to invest in while they are still cheap, example of low risk coins are usually coin in the top 50 or lesser according to coin market capitalization, but then, if i must mention a name, then the coin with the lowest risk is always bitcoin, you can buy coins like bitcoin when the price is low and sell when the price rises, you can keep doing this repeatedly while learning how to trade like a pro, as soon as you become  very good in trading, you can start making profits daily depending on your consistency, knowledge and level of patience.

the chance of earning your profit as a newbie will always be there. however, it depends on the coins that you want to try with. a newcomer can always try their hands on in trading but should use a small amount of money to grasp what is going on in the crypto market. you won't know the feeling if you will just read. so as a start, you can trade using spare money. and it doesn't mean, you will lose it all, if you are lucky, you can already get your first profit. so yeah, even newbie in trading can profit from this market.
but don't get scared when you lose, that's part of learning the trade. even the so-called experts have had their share of losses and still losing. but they already know how to cut losses if in case they are on this side.

The most crucial lesson for every new trader to grasp is the art of knowing when to sell, disregarding the distractions from social media that may urge them to chase profits at the wrong time. While certain coins may present future opportunities for more substantial gains, it's essential to recognize that some altcoins may not offer another chance to sell at a favorable price.

[lalabotax]

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. 

Having knowledge is indeed very important, not only for newbies but also for anyone who carries out trading activities. Because after all, learning to have knowledge is never ending, there will be a lot of information and technology updates that require us to always upgrade this knowledge if we want to be successful.

Knowledge in trading is very necessary, it does not always guarantee 100% success for always profits. But at least by having sufficient knowledge, this will minimize the risk of big losses. So, this is really important.

[GreatArkansas]

(.....)
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. 

For me, if you put your money on things that you don't know, it is more likely gambling.
Trading is not gambling, we must sync that it. Trading needs technical skills that need to learn over time.

Take note also that even experienced trades can lose such money, that's why what can you do if you know nothing and trade?

[samcrypto]

I believe it’s only a myth because the crypto market is not just for trading alone, but everything starts with investing. And those who carefully invest with caution, with high knowledge on the coins they are investing, have high probability to be successful and be profitable in the market. However, if you are skilled in both, investing and trading, then the more visible profits you will gain in the future.

Technically yes but in trading, you should have the knowledge about how it works or else you'll just lose the money.
Trading is not easy because there's a lot of things that you need to consider, the indicators is a big help but again its not easy to learn it.
It takes time before you actually have a good strategy in  trading, and while doing this you can just try other options in cryptomarket to make money, investing is a good one.

[LogitechMouse]

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?

The keyword here is "new investors".

I can consider myself a new investor if I just invested yesterday, but I have gained lots of knowledge because before I invested, I learned for at least a year. Now to answer what your co-workers said, new investors can still make profits even they are still new thru just buy and hold. On the other hand, new investors can't make profits if they don't have any skill or experience in trading because I believe that experience play a huge role when it comes to trading. New investors can still make profit, but not in trading (at least for me).

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. 

Buy and hold.

This is so far the easiest way to gain profits in cryptocurrency. Knowing that crypto is very volatile, and quite unpredictable, there's a chance that your money today might go up double digits after few weeks just by holding, but of course this isn't always the case as it might go down double digit percentage as well. This is how newbies can benefit from crypto investment. Getting profits thru this method will take a longer time compare to if you are trading, but it's safer, and lesser stress.

[kotajikikox]

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 wrong for me , because even if we are not trader still you can make profit from crypto market buy Investing meaning HODL? or you can do some staking ? and also there are what we called Short term trading in which you need not to spend whole day watching your funds.
but being newbies? it is not advisable to just enter and invest or trade because the more you eager to earn is the more you will fall from traps and wrong decisioning.

[yudi09]

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?

Without knowledge and skills will not benefit. Acquiring knowledge and skills requires a process. A very important process is our desire to get it.
Perhaps the goal was not meant to discourage people from investing. Sometimes it takes a long time to run the process.

It is better to invest than trade in crypto space. Choose Bitcoin as an investment asset and hold it until the profit target is reached. Due to the large number of altcoins, choose one that has a strong and large community in the market to invest in if you want to invest. Most altcoins will end up in vain.
Trading is too risky to lose for beginners who do not have expertise in trading.

[GeorgeJohn]

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.

That's true, and it's very obvious that before you make profit in trading you most understand the rudiments of Trading but sometimes people I think in trading it's something that you will make just like that without having the pre understanding or knowledge of trading skills, even in bitcoin investment you have to acquire the knowledge first before venturing into it's investment, this is one of the major reasons while people do land into lost during investment or trading, at least having the scope it will help the beginner to know the preamble of what trading or neither investment is all about and failure to learn it properly, it will definitely leads into disadvantages and the disadvantages is all about loss. So in trading we have to take an adequate precautions so that we will not end up  losing our capital towards the investment.

[lixer]

First, there is a big gap between a trader and a normal investor. A trader is basically someone who frequently buys Bitcoin or Altcoins at a low price and sells if the price is high, while an investor only buys his desired coin (Bitcoin, preferably) and holds it for a long time when they have made a huge profit. To become an investor, you don't need any trading skills or courses before you can successfully invest in Bitcoin; all you need is to know how and where to securely buy your coin and how to safely hold it on your Self-contained wallet.

Very well explained. A lot of people confuse themselves between these two when they are buying Bitcoin, they think that they are getting involved in trading when in reality, they are just investing because they won't be trading those Bitcoins back and forth only to gain short-term profits but they will be holding them for a longer period and only sell them when they think they are getting enough profit as per their desire or caliber, and then they buy again when the price drops.

Newbies generally don't know what they want to do when they get into cryptocurrencies, they sometimes want to become investors because they don't know much about trading and the market in general, but they also see people making trades on a daily basis so they get confused whether they want to become traders or investors.