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

[Hamphser]

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.

Buying Bitcoin and selling on a certain point could be considered also as trading but the thing that fits out for it to be called that way is on dealing in a short time and you do really have the point that buying simply cant

really be called gambling in the first place. When we are still a newbie then it would be understandable that there would be lots of things which is lacking and would really be resulting into bad decisions
which it would really be resulting into losses but thats the normal cycle and situation because even veterans are ones noobs too but due to experience and awareness then you are really that
making yourself way more better as years passing or month is going on.

Mistakes and errors on which it would really be just that normal on having that kind of situation, the importance on this one is that you would really be able to learn up
from those errors which would really be helpful for you afterwards.

[tjtonmoy]

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. 

Yup, there definitely are other options besides trading. You can simply just buy and HODL for a long term and get profit from it. To do this, you don't need complicated trading knowledge. The only knowledge you are going to need is how you can buy it and what coin it should be. One more important thing which is necessary to learn is how to secure your wallet and which wallet you should choose. Everyone will recommend hardware wallets and that's the best as you are going to HODL for a long time.

If you are looking for a high gain and secure investment plan, choose Bitcoin. It is decentralized and this will give you much more freedom and security. HODL it in a personal wallet and wait for price pump. One thing that helps a lot when you are starting your journey is learning DCA. Do your own research on it. This will give you a chance to further maximize your profit. But all that is needed is patience and will to wait for that long.

[Sanitough]

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. 

Trading is certainly a profitable way to earn from crypto but if you come to trading without experience but basically more on greed, you will only gain life changing losses instead. That’s why some traders never last long but only focus on in investing and hodling bitcoin for long term. That is way more calm and relaxing, and even less stress but still you are earning like trading.

[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.  

Yup, there definitely are other options besides trading. You can simply just buy and HODL for a long term and get profit from it. To do this, you don't need complicated trading knowledge. The only knowledge you are going to need is how you can buy it and what coin it should be. One more important thing which is necessary to learn is how to secure your wallet and which wallet you should choose. Everyone will recommend hardware wallets and that's the best as you are going to HODL for a long time.

If you are looking for a high gain and secure investment plan, choose Bitcoin. It is decentralized and this will give you much more freedom and security. HODL it in a personal wallet and wait for price pump. One thing that helps a lot when you are starting your journey is learning DCA. Do your own research on it. This will give you a chance to further maximize your profit. But all that is needed is patience and will to wait for that long.

From the point of view of the difficulty of acquiring the necessary skills to profit from the markets, investing does in fact seems easier than trading, but this does not mean that investing is easy, holding can be one of the most difficult things you can do, and if you do not believe me ask the people that held their coins during the crypto winter if it was easy or not.

Still once you develop the necessary skills then investing almost becomes an automatic activity and its difficulty decreases considerably.

[irhact]

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.

This is the reason we have to decide what we want to be before we invest our money, if you want to be a trader you have to start learning how to trade and not wait until you have already bought a coin before you start learning how to trade. Trading is just one of the ways to profit from the crypto market so you must not learn how to trade before you profit from crypto. You can decide to do with your coins whatever you wish, you can decide to be just an investor or both.

Newbies can make profits from crypto through investment, staking, mining, trading, lending, airdrop etc. As a newbie you shouldn't depends on just one ways to make money because the market mightn't be giving profits in one of the ways which means you have to switch.

[macson]

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. 

it's not a myth but a fact, how can you make a profit in trading without basic knowledge of trading itself, don't say that trading is a scam even though you are wrong yourself, you don't have the capability to trade.  You can do it self-taught, but it takes decades for you to have good skills in training, so you should try to read the basic knowledge of trading first, try trading with a demo account before really playing with your real money, don't underestimate this easy thing because if you fail to build your trading instincts from the start, you will never make a profit from trading forever.

[AicecreaME]

I disagree.

You need knowledge on what you're going to do before you actually to do it, to have a better result, just imagine investing in Bitcoin but you didn't know what is a Bitcoin address and where to buy it, or what wallet you should use, when is the right time to buy and sell, etc.

Without those knowledge, you'll end up losing your funds because of commiting mistakes, and you don't want that. Even if it is trading or holding, you need some knowledge for you to maximize the profits you can make in the long run.

[tjtonmoy]

~Snip

Yeah, it does require some skills to invest. But learning them won't be that much difficult as trading. Emotion control is a part of both trading and investing. If you don't have control over your emotion, such a thing could happen as you mentioned. It is so important to learn emotion control for this reason. Either it is investing/HODLing or trading. If you get a grasp of this particular one, then everything that is in investing sector becomes much easy.

HODLing is not easy and I do agree with this. But the thing that causes the problem is mainly emotional decisions. Investing takes patience and will to Hodl long. After that, you can analyze the market or invest right away. In the long run, it won't make that big of a difference. So to me, investing is easier than learning to trade. Maybe this is why they say, "Trading is not for everybody".

[Maslate]

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. 

It’s certainly a myth only. Trading is said to be very profitable especially for those who are skilled and knowledgeable traders. But investing is also a means to make profits especially for those who are long term hodlers because definitely their profits will be a lot bigger. However, I would say that both can still be profitable especially if they trade or invest accordingly.

[Obari]

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.  

Well I will say that have the preliminary knowledge  of buying and selling is necessary  before think about any other way to make profit in cryptocurrency.  With that been said, there are several  ways one can make profit from cryptocurrency without having to be a day trader or a professional  trader and one of the best ways is to just buy and hold and this has been proven to be one of the safest and less risky ways to earn from bitcoin  but to me it works  on the principle  of the higher your capital,  the higher your return and hence you need to have some reasonable  sum if you want to succeed.

I've heard of people talk about staking but I haven't done it before so wouldn't make any recommendations  for that but I think you should check it out and see if you can give it a shot.

[danherbias07]

False. Just buying cryptocurrencies and keeping them as an asset will make you profit, by a lot sometimes.
It is the new gold so we don't really need to do anything to make some money out of it.
Actually, the mistake is newbies trading at their early stage will be the problem. They don't anything about the behavior of the market and yet they already going to war. Without guns, without bullets, and without anything to protect them from the manipulative fluctuation of the market.
The safest method is actually just buying it, storing it, and letting the market decide if it's worthy of more demand. We do our research for that, real investors do.

[justdimin]

I disagree.

You need knowledge on what you're going to do before you actually to do it, to have a better result, just imagine investing in Bitcoin but you didn't know what is a Bitcoin address and where to buy it, or what wallet you should use, when is the right time to buy and sell, etc.

Without those knowledge, you'll end up losing your funds because of commiting mistakes, and you don't want that. Even if it is trading or holding, you need some knowledge for you to maximize the profits you can make in the long run.

I agree with you. I think you should be capable of learning somethings and if you learn it well then you should also gain experience after that as well. I know that not many people see it that way and because there were few newbies who got rich, maybe richer than some veterans, during the bull run because they hit the jackpot and got the right token and made some money.

But they wouldn't be able to do it again, it was pure luck and sometimes that happens and that's understandable. In general though, we are not going to see those people making those type of changes, they are not going to end up with a lot of profit and we should probably see them have different approach for sure. That's why they should learn more about it.

[Rockstarguy]

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. 

If it is a longterm investment that requires one to hodl Bitcoin I don't think one needs much knowledge to hodl Bitcoin, in hodling what one needs to understand is just to have patience and not to be in panic if the market is going dip because it will definitely come up again.  Trading needs more knowledge,  it is impossible for someone who knows nothing about trading to start trading and will succeed in making good profits out from trading. Their are rules and principles in trading, their are also strategies in trading that beginners needs to know before starting trading.  Trading is not luck or gambling that anyone can be lucky to win, trading is a skill and institution that people needs knowledge to do it proper to reduce the rate of money that can be lose.

[molsewid]

If it is a longterm investment that requires one to hodl Bitcoin I don't think one needs much knowledge to hodl Bitcoin, in hodling what one needs to understand is just to have patience and not to be in panic if the market is going dip because it will definitely come up again.  Trading needs more knowledge,  it is impossible for someone who knows nothing about trading to start trading and will succeed in making good profits out from trading. Their are rules and principles in trading, their are also strategies in trading that beginners needs to know before starting trading.  Trading is not luck or gambling that anyone can be lucky to win, trading is a skill and institution that people needs knowledge to do it proper to reduce the rate of money that can be lose.

Still, for long term investment if you don't have know idea what you are doing you will experience panic everytime the market dip or everytime you will check your PNL, they should know at least the basic one. In everything knowing nothing is pure useless, we should do a little bit effort in order for us to make it successfull or in order for us not to regret things because we fully understand it.

[tygeade]

I think you should be capable of learning somethings and if you learn it well then you should also gain experience after that as well. I know that not many people see it that way and because there were few newbies who got rich, maybe richer than some veterans, during the bull run because they hit the jackpot and got the right token and made some money.

But they wouldn't be able to do it again, it was pure luck and sometimes that happens and that's understandable. In general though, we are not going to see those people making those type of changes, they are not going to end up with a lot of profit and we should probably see them have different approach for sure. That's why they should learn more about it.

The learning part is the part where people just ignore all together and not even care enough. They just think this market is a place that you could make money easily and jump in and lose money. So the whole "myth" of newbies can't make money was created, because majority of newbies come in thinking they could make a lot of profit but then we ended up not making anything work at all in the end.

This is why we should be considering this as a big issue and not really come up with anything that would change anything in the end. I know that it is not a simple thing, but if we could just make newbies realize that they can't get rich quick, and just have to learn and study to become a good trader, then maybe it could work and newbies won't lose money.

[Mauser]

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. 

Of course, it's a myth, anybody can buy crypto currencies today and profit from their rise. It doesn't matter if you have 10 years’ experience or if you heard about cryptos the first time. Just because you are a newbie doesn't mean that you are only going to lose with your trades. Luck plays a big role in trading as well, like in gambling and when the sample size is very small the variance is going to be large. The difference between an experienced trader and a beginner becomes visible over time. A good trader knows how to react to changing market conditions, whereas the beginner will probably react too late or not at all. My recommendation for any new trader is to not overtrade, the motivation is high to trade many different coins. This will mostly likely only lead to losses because we have to pay a lot of transaction fees. It's better for beginners to hold their coins longer and let the price go up over time. As long as you are invested you are going to profit of the longterm upwards trend.

[Unbunplease]

Of course, it's a myth, anybody can buy crypto currencies today and profit from their rise. It doesn't matter if you have 10 years’ experience or if you heard about cryptos the first time. Just because you are a newbie doesn't mean that you are only going to lose with your trades. Luck plays a big role in trading as well, like in gambling and when the sample size is very small the variance is going to be large. The difference between an experienced trader and a beginner becomes visible over time. A good trader knows how to react to changing market conditions, whereas the beginner will probably react too late or not at all. My recommendation for any new trader is to not overtrade, the motivation is high to trade many different coins. This will mostly likely only lead to losses because we have to pay a lot of transaction fees. It's better for beginners to hold their coins longer and let the price go up over time. As long as you are invested you are going to profit of the longterm upwards trend.

The main problem is figuring out which coins are worth keeping. You can keep a lot of coins - but they will all be either fraudulent coins (that can't be sold) or memes (caliphs for an hour). The biggest problem arises if a beginner follows youtube bloggers' advice about buying coins

[usekevin]

It’s based on different people,because the people who ready to learn trading.They will learn trading skills in the short period of time,then they can earn huge profits in short period of time.Trader with knowledge will earn,it doesn’t mean they are newbie or experienced.The application of skills on real trading is important.The analysis is based on the recent data,then the analysis can be used.If you have any old data and used that data.Their is possibilities for wrong analysis and can’t be worked fine.

[_BlackStar]

There is only one possible good way to consider that you can generate returns from crypto besides trading - that is investing. You just need to buy, withdraw to your wallet and hold it for a certain period of time, it will give you returns in the long term especially if the asset you choose is a potential asset.

The simple way to trade is to buy low and sell high - but of course it's not as simple as it sounds.
Study and keep learning - you will definitely gain experience from there. If you have doubts and are afraid of possible losses after buying - then do DCA.

[Bitcoin_people]

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. 

A trader must have experience and strategy to make a profit. Without experience it is never possible to be profitable not only in trading but in all fields people need experience. To be profitable in crypto one must first gain experience about the market and beginners need to know about it first. When a newbie goes to trading he has to know all the things and follow different aspects but he can gain experience and then he can profit. It is true that trading profitably requires experience as well as gaining knowledge and taking advice from good traders. And if a person trades by focusing on all these things then he can definitely profit.