Newbies should invest in bitcoin first before thinking of trading.

[Stable090]

I have observe something in this forum, a lot of people that are not trading or have traded before and had great losses which made them run away from trading are still saying trading is a good means of making profit from bitcoin when they know that the chance of making profit from trading is very slim

Why do you think forum members encouraging newbies to trade ran away from trading because of losses? I will say trading is kind of risky, and traders do lose money, but that doesn’t mean they don’t make profit, and I disagree with you that the chances of making money from trading are slim. I am a trader, but I will tell you that I make money from trading, actually I also lose, but when I calculate the amount that I make and the amount that I lose, my profits are always greater than my losses.
 
I don’t encourage newbies to jump into trading, but I do tell them to first learn about trading, they should have knowledge about the basic things that they are supposed to have, and they should start trading with a small amount of money to practice with, and with time, they can increase the amount they are trading with.

[Y3shot]

Newbies should never dare to invest or trade either without acquiring sufficient amount of knowledge in the first place. Where there is knowledge, the high probability on making you profitable in your chosen career will most likely going to happen. Regardless if it's trading or investing alone, it's a lot crucial to stay knowledgeable and well experienced at first most especially if you aim to trade later on, where the risk to lose is higher than pure investing and hodling alone.

Knowledge is just everything that no one can't do without in either trading or investing. Knowledge is the first thing every trader or investor must acquire to make profit. Trading and investing deals with money and it is not a good idea for people to think of going into trading and investing without no good knowledge.  The reason why people lose money in trading and have a failed investment is because they get into it without having good knowledge about it thinking they will be able to cope with just trying to make assumptions to get it right. Profit can only be made only through knowledge and no two ways about it.

[Alone055]

only few people can devote their time and resources to learn trading and be successful at it.

That's not true, it's not only about a few people but anyone who can devote time, effort, and resources can become a successful trader. The very first and most important thing in trading is knowledge. When you gain knowledge, you tend to understand the market very well, and that wouldn't allow you to make wrong trades and invest your money in useless projects having no potential at all.

Why do they direct newbies to the wrong path when they know it is a very risky way of increasing your bitcoin portfolio. Newbies should not jump into trading in the beginning because it will slow your chance of investing into bitcoin and increasing your bitcoin stash overtime.

Is the money newbies use to make investments or start trading given by the person suggesting things? No, right? So if it's their own money, they don't want to lose it, then they need to do their research before investing it in any coin or project so that they can get some profit instead of losing their money.

[Issa56]

Why do they direct newbies to the wrong path when they know it is a very risky way of increasing your bitcoin portfolio.

Trading is not a wrong path in cryptocurrency, and people are still making money from trading. Just that if you don’t know much about trading and you decide to start trading, maybe because of the things you hear from people about how easy trading is and other things like that, and you decide to start trading, then you will be losing money and will never make money, but if you follow the right path and learn gradually without rushing, then you will be making money from trading.
 
Why I don’t discourage newbies from trading is that even professional traders started as newbies, so if you are a newbie, if you keep on learning and practicing, then you will also be a professional trader in a day. But I completely disagree with you saying trading is bad.

[Renampun]

I actually believe that 99% of people are losing in trading.

I think the number you give here is very big, it means that in this world there is not a single person who makes a profit from trading, that's a joke!! there are still many who profit from trading and they have had quite a difficult journey to be able to be in their current position so don't exaggerate.

A much better option is to focus on top projects and invest in them. You will earn your money sooner than later.

For beginners, it is recommended to learn first about crypto assets that are in the top 10 positions, to avoid scam projects or those that have the potential to rugpull.

[Odohu]

I have observe something in this forum, a lot of people that are not trading or have traded before and had great losses which made them run away from trading are still saying trading is a good means of making profit from bitcoin when they know that the chance of making profit from trading is very slim

I don’t encourage newbies to jump into trading, but I do tell them to first learn about trading, they should have knowledge about the basic things that they are supposed to have, and they should start trading with a small amount of money to practice with, and with time, they can increase the amount they are trading with.

Trading will do more harm than good to newbies who want to go far in Bitcoin because it is a bit complex and require serious technical knowledge and experience to succeed. A newbie does not possible have this knowledge and emotional maturity to handle trading. The best for newbies is to simply buy and HODL Bitcoin, this being an easy thing anybody can do. If in the future he consider venturing into trading, let it be that he has enough capital to pursue it because when a trader knows he has backup capital, it helps with balancing the psychological needs and remove the FOMO and other fears. So, rather than trading, newbies should focus more on building their Bitcoin portfolio first before anything else.

[Crypto Library]

Trading will do more harm than good to newbies who want to go far in Bitcoin because it is a bit complex and require serious technical knowledge and experience to succeed. A newbie does not possible have this knowledge and emotional maturity to handle trading. The best for newbies is to simply buy and HODL Bitcoin, this being an easy thing anybody can do. If in the future he consider venturing into trading, let it be that he has enough capital to pursue it because when a trader knows he has backup capital, it helps with balancing the psychological needs and remove the FOMO and other fears. So, rather than trading, newbies should focus more on building their Bitcoin portfolio first before anything else.

Actually, you are right but in most of the cases you will that the most new traders are starting their trading with the altcoin and short-term trading. If I say my trading history it is also with the altcoin and also I have faced loss in my first trading. The things you have mentioned it is seems that you are describing my newbie time on this sector.
However, if one more year had not passed for me to fully understand the market of bitcoin and to understand the long-term investment benefit of bitcoin, maybe I could have adopted some bitcoins at a more dip down.

[Mr.right85]

I wouldn’t advice anyone to trade without first of all trying to learn some theoretical approach to it, practice a strategy with the demo before having to think about going live.

You might have a point when you make the assertion that certain uses just blab with words and don’t have any real world relations or connect with persons paving ways for themselves through trading. It still doesn’t dispute the fact that there are a couple of persons doing just fine. They don’t get to get the big bag but, they do just okay to pay there bills and live a comfortable life. I know a few, although, they aren’t full time on the job.

The chances might be slim and the field is one that comes with high risk but, your having to navigate through these risks, employing different principles, testing strategies and coming out successful is how you build in trading.  Given the chances you’ve got, it’s important you have plan B as you can’t really have all your hopes in a high risk environment like trading.

[serjent05]

I actually believe that 99% of people are losing in trading.

I think the number you give here is very big, it means that in this world there is not a single person who makes a profit from trading, that's a joke!! there are still many who profit from trading and they have had quite a difficult journey to be able to be in their current position so don't exaggerate.

True, trading is like equilibrium, when one loses, another profits.  Like a trade can't be done alone, and money does not go out of the system unless withdrawn.  I believe in trading an amount lost by an individual is equivalent to the amount gained by another individual so yeah it is an exaggeration when one states that 99% of people are losing in trading.  Possibly 99% had experienced losses but not 99% are losing in trading.

A much better option is to focus on top projects and invest in them. You will earn your money sooner than later.

For beginners, it is recommended to learn first about crypto assets that are in the top 10 positions, to avoid scam projects or those that have the potential to rugpull.

It does not harm to be vigilant.  Even some of the top 10 coins in the market cap may turn scams one day.  So it s best to get updated and knowledgeable about the flows and news of the market.