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

[uswa56]

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.

But it is also possible for beginners to be able to take profits, I think it all depends on the knowledge he has, there are many ways that must be learned before starting to trade and if someone has mastered these things it is not impossible as a beginner to be able to take profits and also I believe in luck.
And the matter of experience is indeed very important, it is a very valuable lesson from trading experience that has been passed, maybe on the way there will be a lot of trading knowledge that can be taken.
In my opinion, whether you are a beginner or someone who has been trading for a long time, profits don't always come. Everything has its time and the experience and knowledge you have is to increase the possibility of profit.

[Strongkored]

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 is safer than trading, but even if you choose an investment you still have to know the basics of trading because investing starts when you buy the coin you choose as an investment, and sell it when you want to make a profit
What he said is not entirely true because sometimes you can get bigger and more definite profits from an investment compared to trading, which is sometimes the market is very difficult to analyze because many things can make what has been predicted not go well, bbut if he wants to deepen the knowledge of trade that's not a problem is just trading is not easy and suitable for everyone, more traders are losing trades.

[shivansps]

It's not a very simple question. And a beginner is different from a beginner. Basic knowledge is required to trade. I don’t really understand how a person who has no idea about investments or trading can make money. It's like a plumber comes to you and will try to fix something without having an understanding of what he is doing. Must have at least some knowledge.
It is also worth noting that investment and trading are not quite the same thing. In investments, a beginner has more chances than in trading. But over a long period of time, this can fail. Beginners rely more on luck. So it's more like a roulette wheel. It might work once or twice but it won't work all the time

[beerlover]

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.

But it is also possible for beginners to be able to take profits, I think it all depends on the knowledge he has, there are many ways that must be learned before starting to trade and if someone has mastered these things it is not impossible as a beginner to be able to take profits and also I believe in luck.
And the matter of experience is indeed very important, it is a very valuable lesson from trading experience that has been passed, maybe on the way there will be a lot of trading knowledge that can be taken.
In my opinion, whether you are a beginner or someone who has been trading for a long time, profits don't always come. Everything has its time and the experience and knowledge you have is to increase the possibility of profit.

I think if you work hard enough, then you can do anything in life. Unfortunately not everyone has the time to work hard enough, and many are tired and not have the needed stuff to do it. You may think a simple PC and a monitor to follow up could be easy, but waaaaay too many people do not have one as well.

This is why it is quite important to realize that you are not going to end up making a profit, it's just not going to work out in the end. I also hope that it gets to a point where we can make a profit overtime, but we need to spend a lot of time on it. So, it is not going to be a profit on the first day, it is going to take a lot of time to make a profit and that's why if we are unsure about it, then do not start if you need money quickly.

[Bushdark]

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.

Trading in the Crypto market is just like learning how to read. You must learn various things that will make you get to where you need to get to and learn the market in the right way not jumping from one market to another one just to make profits from them. Profitability is one factor that keeps us in the market for long and if we know what we are doing, we are not going to become the victim of the market. When the profitable traders have taken there profits from the market, it is important for us to make proper research before getting into the market because this is when fake out mostly take place.

[welshhana]

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 see, you cannot success anywhere without knowing the basics. If you success once or twice, it's like a Russian roulette, you will lose more. That's why it's recommended to invest only that amount of money you are ready to lose.
Knowledge is the key. Always remember that

[benalexis12]

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. 

Guys, I mean what other ways will benefit newbies from crypto investment without having to be a sunburgean in the sun or a professional businessman. Because I believe there are other ways to earn besides trading.
It is valid and it is true that when you have no knowledge of crypto you will not get a future income. It's just like that, but you'll be a driver if you don't know if to drive a car? You should train or find out first and study these steps. And then you apply a license if you know how to know, just the same in Ceypto Trading when you find out, first find out the coins you are going to sell if you really sell it This.

[Alpha Marine]

All you need is just the basic knowledge of performing a P2P, or how to sell or buy from an exchange (if you don't mind using centralized exchanges).
You need to know how to buy and sell because, one way or the other, you are going to buy your Bitcoin from somewhere or someone and you are also going to sell it (whenever you want) to someone or somewhere.
So all you need is how to buy and sell or exchange your Bitcoin and you're good to go.

On the issue of profit, if you're investing in Bitcoin then you have a higher chance of making a profit, can't say the same for altcoins. Although there are altcoins that can give you profit, the problem comes in knowing which from which. 

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.

OP wasn't asking if you can make a profit in trading without trading skills, he was asking if you can make a profit as an investor with trading skills.
I don't think you need trading skills to make a profit as an investor. Just know how to exchange your coin and that's okay.

[savetheFORUM]

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.

Whatever it is, someone who doesn't even know how to trade can never get a profit from cryptocurrency trading because the logic is simple, you can't build a house if you are not a constructor, you can't operate a patient if you are not a doctor, and there are thousands of other examples that show that you simply can't do a thing which you don't even know how it is done. So, when you get involved with cryptocurrency trading, you first need to know how things work.

If it was that easy to earn profits from cryptocurrency trading, no one in the world would lose any money in it which is not the case because you can always find people crying that they've lost so much money in trading and you will see them accusing and abusing cryptocurrencies for ruining their lives, etc.

[Jody.Drummer]

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.

Whatever it is, someone who doesn't even know how to trade can never get a profit from cryptocurrency trading because the logic is simple, you can't build a house if you are not a constructor, you can't operate a patient if you are not a doctor, and there are thousands of other examples that show that you simply can't do a thing which you don't even know how it is done. So, when you get involved with cryptocurrency trading, you first need to know how things work.

If it was that easy to earn profits from cryptocurrency trading, no one in the world would lose any money in it which is not the case because you can always find people crying that they've lost so much money in trading and you will see them accusing and abusing cryptocurrencies for ruining their lives, etc.

It is actually very simple to discuss this, as you said and you have explained this understanding in a very digestible way. There is no way someone can make a profit or income from trading if he himself still does not know what he should do to start. But this is not a bad thing for them, because as a beginner it is still natural, and they can still seek a lot of references from some trusted sources or special mentors to seek knowledge there and start everything from scratch with their own trading style until they can finally make a profit. To get something we want, whatever it is, there must be a contribution first or hard work that we do so that we can benefit from the results of our hard work.
It's true what you said, many also experience losses in trading in cryptocurrency, in my opinion this is a natural result for us as traders, because we will be between profit or loss positions there.

[Dzwaafu11]

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, there are other ways for a newbie to make money without engaging in trading. The only way, in my opinion, to make money in the cryptocurrency sector if you don't want to trade is by investing. A novice can put money into bitcoin, wait whatever long they want for it to accomplish their goal, and then they will have invested in crypto currency without becoming a trader. Remember that investing requires some fundamental knowledge, although it is not as difficult as trading.

But you can make money even from trading. The issue with many newcomers today is that they prefer bitcoin trading instead, which is also not a bad thing. However, these same guys who prefer bitcoin trading or other cryptocurrencies are still the ones who don't want to settle and learn how trading works, which is why they typically give up in the end and conclude that trading is not for them.

[tygeade]

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. 

Guys, I mean what other ways will benefit newbies from crypto investment without having to be a sunburgean in the sun or a professional businessman. Because I believe there are other ways to earn besides trading.
It is valid and it is true that when you have no knowledge of crypto you will not get a future income. It's just like that, but you'll be a driver if you don't know if to drive a car? You should train or find out first and study these steps. And then you apply a license if you know how to know, just the same in Ceypto Trading when you find out, first find out the coins you are going to sell if you really sell it This.

This is why people should learn how to trade but the question here is that if it's true or not. I feel like it's true but it's not as true as people think it is. What I mean by that is the fact that there could be rare cases when newbies could make money by getting lucky as well. Look at the most earned coin of the day, even on the worst days there are some that went high, and there could be a few newbies who got lucky by having that.

I know that the odds are low, but it's possible that something like that could have happened. I believe that's the difference here and that's why there is a big difference. I believe that we need to focus on the majority though, and most of them do not make any money at all from trading.

[rozak]

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, there are other ways for a newbie to make money without engaging in trading. The only way, in my opinion, to make money in the cryptocurrency sector if you don't want to trade is by investing. A novice can put money into bitcoin, wait whatever long they want for it to accomplish their goal, and then they will have invested in crypto currency without becoming a trader. Remember that investing requires some fundamental knowledge, although it is not as difficult as trading.

But you can make money even from trading. The issue with many newcomers today is that they prefer bitcoin trading instead, which is also not a bad thing. However, these same guys who prefer bitcoin trading or other cryptocurrencies are still the ones who don't want to settle and learn how trading works, which is why they typically give up in the end and conclude that trading is not for them.

that's what beginners do without knowledge and find trading easy to do. indeed not all beginners traders are stupid in starting trading, but more of them rashly start trading and end up losing.
investing in Bitcoin like your advice is one of the best alternatives for beginners. though that doesn't mean it's easy to do. but at least investing in Bitcoin will make it easier for beginners to understand how the market and also the actual trading is done better. everything still requires a process that takes time and also capital.

[TheUltraElite]

that's what beginners do without knowledge and find trading easy to do. indeed not all beginners traders are stupid in starting trading, but more of them rashly start trading and end up losing.

Rashly if they buy at the low price then they are going in the right direction, except if they sell early too not waiting for the price to pump upwards.

investing in Bitcoin like your advice is one of the best alternatives for beginners. though that doesn't mean it's easy to do. but at least investing in Bitcoin will make it easier for beginners to understand how the market and also the actual trading is done better. everything still requires a process that takes time and also capital.

It requires patience and newbies can build up their stash gradually depending on how they are earning a salary or collecting bitcoin from campaigns and all. Its a slow and steady race unlike some altcoins which imply a false get-rich-quick scheme and the eventual loss of newbie investment money.

We all have been newbie traders at one time or another. The important thing is the learning curve and the patience that made us separate from others.

[coinerer]

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, making money through trading is as easy as it is risky.  Because if one does not have good knowledge about trading and does not have a skill then in that case he will not be able to make good profit from trading and on the contrary he will lose in trading. In this case, Newbies are at risk because they don't have good knowledge about trading and don't know good trading strategies. In this case, they borrow from others and join various paid or free signal channels and follow them and trade

[RewFrew]

Absolutely true, i think not only newbies but also everyone can't profit from crypto without knowing how to trade. For proper training everyone need proper knowledge about it. So mainly newbies at first need gather knowledge about trading then they can start trade. It is very important for traders. Without proper knowledge Newbies could not possible. They will loss his valuable fund. And Couldn't able to profit from trading. So i am agree with you. So you told appropriate newbies  to profit from crypto need learn about it.

[Franctoshi]

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

Be it trading or investment in crypto, all involve risk and there is no guarantee that the coin you buy or project that you invested in today will be there tomorrow without going bankrupt or even going rug pool tomorrow. Looking at the Luna and FTX projects that collapsed taught us a great lesson, except when we talk about investment with minimal risk, then we can talk about Bitcoin. People can trade and make their capital today and can also lose the same capital today verse Versa, It really depends on the one that works for you, then go for it.

[rojan]

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?

It will be good for those who want to trade in new situation if they can start trading with good understanding about trading. There is some risk while trading in new situation. One should accept this risk and start trading and accept profit while trading.  And it is better to accept loss and trade. Those who start new trade sometimes lose all their money due to small mistakes. One thing should always be kept in mind while trading never be greedy be satisfied with small profit.

[MFahad]

Yes, making money through trading is as easy as it is risky.  Because if one does not have good knowledge about trading and does not have a skill then in that case he will not be able to make good profit from trading and on the contrary he will lose in trading. In this case, Newbies are at risk because they don't have good knowledge about trading and don't know good trading strategies. In this case, they borrow from others and join various paid or free signal channels and follow them and trade

Not only newbies but experienced traders also does not get profit all the time because trading is very risky and for newbies it is too hard to take profit because they are new in the field.

Once a man takes the taste of profit in trading then he does not think what will happen next but trying to put more and more money even he accept the way of borrowing money from others. So in this situation trading is not trading but trading adapted the way of gambling which is not a suitable way of earning.

It is not necessary that all knowledge you achieved before trading then you will never face defeat but actually these little mistakes occurs only to make you experienced trader, you will work to overcome these mistakes so then you can get your goals successfully.

[Lorence.xD]

when it comes to trading, at least he needs to have basic knowledge about it so he can do day trading or in the long term.
talking about profit issues, then he also needs to have knowledge about what coin he will choose to trade, and needs to do analysis. he could have done that without analysis, but it was obvious that he was relying on luck. get a profit or not, it depends again on how the movement of the coin he chooses. no one knows about it. it's just that people who are knowledgeable about trading tend to benefit more easily and can minimize risks than people who have just traded.

Exactly, Knowledge comes first, there's no such thing that you will stake your money at crypto just to rely at luck. As a newbie you know to yourself that you lack the knowledge so you must learn even the basic background about trading. Because in trading, it might give you a quick profit but it also gives quick loss. Imagine you're trading on some alt coin you don't even have any idea about it's past market value and analysis it's like playing some games. Remember that losing some funds or assets it's part of your journey in the crypto, but once it you keep losing and losing continuosly for sure there's something wrong on how you trade. I think mental and emotional state of the person also has an impact in here, if they can't remain calm and they panic it could just worsen the risk.