Trading vs HODL - Personal Experience for Newbies

[Obim34]

...Bitcoin Halving is approaching, I would suggest all of you focus on buying more, avoiding selling, as these prices will never come in the future.

How can you be so sure that there will no longer be such a price for Bitcoin? Or do you have a crystal ball? This is a cryptocurrency market and, accordingly, anything can happen here. Therefore, it should not be surprising that after a certain time, a dump of Bitcoin and the entire market may follow.

There is every possibility of Bitcoin hitting the below price once more even again and again, that's it nature. There is no below stop at which the price can be predicted, let it not come to a shock that Bitcoin might dip to $18k on the next few days, may be it remains just unpredictable

[tvplus006]

...I understand the meaning of trading is trading and in it there is a way of holding. If you mean trading is short-term trading and hold is long-term then you should do both. Because I did that.

Even after a long study of the basics of trading, not everyone is able to further trade profitably. This is because not everyone can become a good trader, just as after training, not everyone becomes a good doctor. And if you don't have a special gift to become a good trader, you need to focus on holding.

[Litzki1990]

Investment always seems safe to me as investment is planned for long term. In the beginning a person should focus on investments first. If the new member concentrates on investing in the beginning then he can get a rough understanding of trading as well as investment so that he can invest and trade with a long term plan. As investing is done in long term plan, if the value of a coin drops a bit then an investor is not too worried about that price but in trading it is different. Since the main objective of trading is to gain some amount of money in a short period of time trading at the wrong time can lead to loss of money and that's why a new member can get too excited seeing their losses so it is good for a newbie to know about investing in the beginning.

[Suzume]

Without getting experience and without knowing candlestick psychology you can't do trading you will faces losses. A long time meditation and proper dedication helps you to be a good trader. But before studying trading you have to take a medium type of capital which you can effort to lose. Then you have to start trading.
But if you don't want to risk your money then you must go for hodl. Because if you are a bitcoin investor if you hold it for long time there is not that much risk in your money after a time you will get profit. That is not risky as trading.
If you don't want to reach your money and want profit then I will say go for hodl not for training.

[cryptoWODL]

Trading is not right without experience and even market judgment analysis.But if you want to do trading, you have to keep in mind that there will be both profit and loss in trading.Emotion and patience are the most important in trading.No one can succeed in trading without emotion and patience.Different people do trading in different ways like future trading, spot trading. Not everyone can be a good trader so if you can't be a good trader then hold any coin for a long time.
I would say if you want a risk free holding then hold Bitcoin.Bitcoin is the best coin to hold for the long term.

[LogitechMouse]

Alright, Newbie, I will start without wasting your time. Bitcoin Trading will never be profitable in the long term as compared to HODL.
You will never win or become a millionaire if you decide to take leverage, use Future Trading, or even Spot Trading. You can never catch every move perfectly.

Direct to the point.
I'm just thinking that this advice are just for newbies out there because in general, you can get profit in trading still, but that would take time, experience, and money first before becoming an expert trader. All of the traders who are making money out of trading are all expert ones. Newbies will never win in the long run that's for sure.

If you are new and making a profit, that's called beginner's luck. That doesn't mean shit and no, you do not LEAVE your job to become a full-time trader.
Always collect Bitcoin, Spend at least 20% of your savings on collecting sats.

When I was a newbie in trading, when I did make some profits, me quitting my day job is coming out in my mind at that time, and I'm already thinking of becoming a full-time trader at that time. Good thing I didn't quit immediately because one wrong entry made me lose almost all of my money. That's thru leverage. I guess it would be better to just collect Bitcoins, and just hold it until the bull run happens. Less risky, less stressful, but more time-consuming though.

You suggested Bitcoin, and although it's the best cryptocurrency to buy currently, I would suggest to the newbies to make a research on those top altcoins out there, and at least research on them as well.

Bitcoin Halving is approaching, I would suggest all of you focus on buying more, avoiding selling, as these prices will never come in the future.

As many people suggests this, the more the price of Bitcoins goes up as it increases the demand. More people will get hyped thus, will buy Bitcoins even more. Well, base on history, Bitcoin's price goes up a few months after the halving, and I'm not saying that it will happen in the future though, but there's a high chance that it might happen, so to sum it up, just focus on buying Bitcoin like what OP shared, and whatever happens, don't invest your money into something that you don't even know.

[Ricardo11]

We should buy more and more now, because we will never get this price back. Bitcoin price is moving towards ATH. It will only go up, once its value starts going up it will never go down. Don't ruin yourself by selling now. Because we may never get this golden opportunity again. So buy more and wait.

[Wakate]

...Bitcoin Halving is approaching, I would suggest all of you focus on buying more, avoiding selling, as these prices will never come in the future.

How can you be so sure that there will no longer be such a price for Bitcoin? Or do you have a crystal ball? This is a cryptocurrency market and, accordingly, anything can happen here. Therefore, it should not be surprising that after a certain time, a dump of Bitcoin and the entire market may follow.

There is every possibility of Bitcoin hitting the below price once more even again and again, that's it nature. There is no below stop at which the price can be predicted, let it not come to a shock that Bitcoin might dip to $18k on the next few days, may be it remains just unpredictable

we need to keep holding our Bitcoin so that we can earn more from the market. Those people who are found of buying and immediately selling their Bitcoin might miss out the bull trend that is loading. It is good when we exhibit the habit of planning for the future. There are people that have already bought Bitcoin at a lower price and waiting for the price of Bitcoin to skyrocket so that they can make reasonable profits from holding Bitcoin. We can also trade Bitcoin if we know how to go about it in a way that we could be making profits from the market even when holding.

[siniminomorocomunisakito]

Alright, Newbie, I will start without wasting your time. Bitcoin Trading will never be profitable in the long term as compared to HODL.
You will never win or become a millionaire if you decide to take leverage, use Future Trading, or even Spot Trading. You can never catch every move perfectly.

The ambition to make quick profits once you enter the world of trading cannot be avoided. but the HODL suggestion is the most correct. even if you use Future Trading, or even Spot Trading if you don't understand the methods and techniques, it's the same. If Hodl doesn't require special skills. The only skill is patience and waiting for the harvest to come, especially for me, BTC prices going up and down on the market are very normal, patience and not emotions just need to be improved.

[kentrolla]

I am not a newbie as you see from profile but I feel like this topic is literally describing what I have been through and yes I agree that hodling is the king when it comes to Bitcoin just like how leverages are enemy for Bitcoin it's vice versa for Altcoins wherein Hodling is enemy when it comes to most of the Altcoins except the top ones. I have lost a huge sum of amount in future trading and got into debt and thankfully I am out of it now but hodling Bitcoin has given me guaranteed profit and the problem with newbie is that they want to become rich overnight and this indulge into Altcoin trading or future trading and end up losing.

[Freddie Boyer]

We should buy more and more now, because we will never get this price back. Bitcoin price is moving towards ATH. It will only go up, once its value starts going up it will never go down. Don't ruin yourself by selling now. Because we may never get this golden opportunity again. So buy more and wait.

Yes Exactly Ricardo11 . Especially today. Discounts are back again, where we also have to be very clever at reading market conditions and news updates. BNB is also a good buy now. For the maximum, yes. As you said, there must be preparation and not to be left behind when the bull market comes.

But in my opinion buy more BTC in this moment.

[Luffygroove]

Thanks, it's a really great advices. My advice to newcomers is to go research Bitcoin's journey and learn about its cycles, particularly the 4-year halving ceremony. It's similar to a road map on when to buy more Bitcoin or cash out during peak times. Also, keep an eye on the Bitcoin Dominance Index, which indicates when Bitcoin is taking a break, signaling the start of the Altcoin season. IMHO, understanding these signs is the first step toward making wise decisions.

[Taskford]

Hi everyone,

Bitcoin price is going up,  are being converted into supports. I want to share my advice and personal experience with beginners and newbies on this forum and explain what is good for them in the long term. If you are an experienced member/trader, take it lightly.

Alright, Newbie, I will start without wasting your time. Bitcoin Trading will never be profitable in the long term as compared to HODL.
You will never win or become a millionaire if you decide to take leverage, use Future Trading, or even Spot Trading. You can never catch every move perfectly.

If you are new and making a profit, that's called beginner's luck. That doesn't mean shit and no, you do not LEAVE your job to become a full-time trader.
Always collect Bitcoin, Spend at least 20% of your savings on collecting sats.

And once again, Leverage is your biggest enemy. Even 2x leverage is dangerous.
Bitcoin Halving is approaching, I would suggest all of you focus on buying more, avoiding selling, as these prices will never come in the future.


All the best! <3

Thank you for stressing the need to buy and hold Bitcoin now. I just commented about this in our local board urging them to use this time to invest wisely in Bitcoin. I guess we are thinking in the same direction. The coming years hold so much promises for those who embraced this amazing technology and actually make effort to hold. It will be somehow divastating for anyone not to have some Bitcoin when the price finally explodes to a high they never thought could be possible.

I love the conservative number of 20% you suggested to be invested in Bitcoin. We should be able to leave our normal lives after committing 20% of our capital into Bitcoin.

To many good events happened on bitcoin so for sure we can see more from it that's why its really better to accumulate from time to time so that we will not left behind on more possible price pump that possibly came in future. 20% is really  a good figure to use if this is extra money you can spend for investment since for sure once there are same like bullrun will happen to the market for sure we are lucky since we are saving while the price is cheap, unlike if we just wait and always missed out these good events on bitcoin history.

For now we can't really see the effect of hodling since bitcoin moves in unexpected manner but once we have patience also huge belief for more better future for sure that we can see more greater result for hodling than chosing to do day trading where we can only earn a chunk from it.

[2Pizza410000BTC]

Thanks sir, you have very nicely advised the newbies. I think every newbie should avoid trading. Trading is one thing where once you enter you cannot get out. Especially if I talk about future trading platform then I can compare this future trading platform with gambling platform. Just like gambling platforms lose your funds and never get them back, you never get your funds back if you lose trading on futures trading platforms. So I would say to every new trader if you want to start trading it is a wrong decision for you invest in bitcoin you will be very successful and your fund will grow. I joined the trading platform as a newbie and still have losses in my trading.

[siniminomorocomunisakito]

Thanks sir, you have very nicely advised the newbies. I think every newbie should avoid trading. Trading is one thing where once you enter you cannot get out. Especially if I talk about future trading platform then I can compare this future trading platform with gambling platform. Just like gambling platforms lose your funds and never get them back, you never get your funds back if you lose trading on futures trading platforms. So I would say to every new trader if you want to start trading it is a wrong decision for you invest in bitcoin you will be very successful and your fund will grow. I joined the trading platform as a newbie and still have losses in my trading.

Seems like personal experience. but that's good because this will be a consideration for those who are new, even though there are also those who are still weird about choosing coins that have just been campaigned for on the BTT forum.

The BTC challenge recently has really attracted attention, but the problem is that currently the problem is that the fees are already expensive for the same as ETH and in my heart I ask when will this fee war end on the BTC network?  just curious.

[great12345]

The cryptocurrency market is very wide enough to make cool cash if you know the right way of making money in the cryptocurrency industries, which what I have been reading from people experience is better to buy Bitcoin and hold, while the session come sell it and make profits. Therefore going to trading as a newbie have to be ready to loose money, before you can make money in crypto trading.

[HONDACD125]

The cryptocurrency market is very wide enough to make cool cash if you know the right way of making money in the cryptocurrency industries, which what I have been reading from people experience is better to buy Bitcoin and hold, while the session come sell it and make profits. Therefore going to trading as a newbie have to be ready to loose money, before you can make money in crypto trading.

Whatever field you are new to, if you jump into it without experience, you are at a higher risk of loss. It is very important for new people to have experience before going into trading, but experience can only improve if they start participating in trading. Bitcoin is good coin to invest and get good profit in future but apart from that there are good and top coins in the market in which you can earn good money by investing.

Along with investing in Bitcoin, one should invest in other altcoins as well, as they have a much higher rate of return. Altcoins have higher risks than Bitcoin, but you can risk small amounts to earn good returns. However, a well-timed entry and good selection can minimize our risk.

[TakeItEasy]

The cryptocurrency market is very wide enough to make cool cash if you know the right way of making money in the cryptocurrency industries, which what I have been reading from people experience is better to buy Bitcoin and hold, while the session come sell it and make profits. Therefore going to trading as a newbie have to be ready to loose money, before you can make money in crypto trading.

I have noticed one thing in crypto that the greater portfolio a person have the easily he can hold, but if some person have a low portfolio the holding is very difficult for him. And in this way the day trading would be a better choice for the person. If not he could also start trading and buying for a long term and hold it but in a way that the should start with some small amount to hold. Because even if he have low money how could he hold that even he needs that money in the daily needs and also he would need that money at his home for his needs.
But also we should listen to the better traders that who are good at trading if they are giving us an opinion to not hold then we can go with it as it is not necessary but that can give us benefit may be in the long run.

[Chilwell]

The cryptocurrency market is very wide enough to make cool cash if you know the right way of making money in the cryptocurrency industries, which what I have been reading from people experience is better to buy Bitcoin and hold, while the session come sell it and make profits. Therefore going to trading as a newbie have to be ready to loose money, before you can make money in crypto trading.

Indeed the cryptocurrency is very wide but no matter how wide it is anyone involved in cryptocurrency really know the best coin they will deal with and earn, altcoin keep on deceiving newbies in times of quantity they received when the purchase the coin and give themself hope of coin that have total supply of over 100 billions to get to one dollar per coin, that is how they wasted their time HODLing rubbish, given reason that bitcoin is too costly that they can not afford it, it is not necessary to start with one bitcoin but we can buy it with any amount we have at that moment, since we are not trading it, then buying should be continues process so that we can have more of if to HODL, this process is actually easy for us because we will not engaged our personal savings into it, just some percentage from our earned that can not affect our expenses. To win in cryptocurrency especially newbies HODLing is the way.

[GbitG]

Alright, Newbie, I will start without wasting your time. Bitcoin Trading will never be profitable in the long term as compared to HODL.
You will never win or become a millionaire if you decide to take leverage, use Future Trading, or even Spot Trading. You can never catch every move perfectly.

Yeah, obviously, boss, beyond any doubt, I totally agree with you that trading is far away from the goodness of hodling. I always say that the hodling strategy is much better and easier than trading. In trading strategy, buddy needs to do technical analysis as well as keep an eye on the fundamentals and do some more stuff that requires more effort, and you will always keep his eyes on the market, charts, volume, etc. It is a very difficult task to monitor all the activities simultaneously and stay active all the time. When there is no need for more work in Hodle, Just simply put your funds in a wallet, no neither need technical nor fundamental analysis, and sell out in the bull run when it is time to book profit.

Moreover, the hodle strategy is an easy strategy compared to trading, which is very effective, especially for newbies, from which they can easily earn profits even if they do not have much knowledge.