Should I wait to have a huge capital before I start trading?

[Josefjix]

Have you ever tried demo trading before op, if you Master yourself using demo account to learn trading within six months or higher, it would be better for you to know if you'll start trading with large amounts or not. To me, even after demo practice, I'll still expect you to deposit little amount of real money to begin trading, buy doing that you'll be ought to be more careful than demo.

you need to remember that on all exchanges it takes at least $3-5 to open an order, depending on the trading pair.

I don't think so many, the minimum amount to use trade is from $10 upwards in all exchange if I'm not mistaken. You can only use the amount lower when you want to convert your assets to another within some few minutes on most of the centralized exchange, yeah

[Wind_FURY]

But looking at it now , is it really advisable to start trading with a lot f money? Or just start with whatever you can afford?

You can start trading with a small deposit, which you will eventually lose. And you should understand that most beginners lose their deposit several times before they learn how to trade. So it's better to lose a little bit than a lot of money. But in any case, you need to remember that on all exchanges it takes at least $3-5 to open an order, depending on the trading pair.

👍

What should we actually tell newbies in BitcoinTalk? "Trade" and lose money like many of the people who give that advice, but doubtfully think that they made actual money from "trading" with a large sample size, OR do we make it easier for them and let them do what we are doing? - Buy the DIP, and HODL.

No one actually will lose "money" by HODLing Bitcoin because Bitcoin itself IS money.

[kawetsriyanto]

If you are just starting in your crypto trading journey, then it is better to start with small and gain experience, rather than starting huge and losing more due to lack of experience and knowledge.

Agree. For a new trader, the focus is gaining knowledge and experience. They don't need to hurry to gain profits as much as possible. So, there is no reason to trade immediately with big amount of money. It even makes a higher risk to lose bigger money. Why don't start trading with small money, right? The risk will be also smaller because we probably lose a small amount of money only.

There will be the proper time to use bigger amount of money. It is when someone already ensure that he/she has enough knowledge and understand well the crypto market. It just doesn't make sense if a newbie trader expects to gain huge money with big capital in the early of their trading journey.

[Wind_FURY]

If you are just starting in your crypto trading journey, then it is better to start with small and gain experience, rather than starting huge and losing more due to lack of experience and knowledge.

Agree. For a new trader, the focus is gaining knowledge and experience. They don't need to hurry to gain profits as much as possible. So, there is no reason to trade immediately with big amount of money. It even makes a higher risk to lose bigger money. Why don't start trading with small money, right? The risk will be also smaller because we probably lose a small amount of money only.

There will be the proper time to use bigger amount of money. It is when someone already ensure that he/she has enough knowledge and understand well the crypto market. It just doesn't make sense if a newbie trader expects to gain huge money with big capital in the early of their trading journey.

If that "new trader" is a pleb, like most of us, and that he'll be losing his/her money from his/her savings, then would you truly recommend that he/she "learn trading"? Or tell him/her to simply buy Bitcoin, and HODL?

I believe it would be more responsible to tell them to start their journey by merely HODLing Bitcoin, no? You could also suggest the buy the DIP method during bear markets, of DCA. But if you ask me, I'm biased towards buying the DIPs during bear markets.

[BitcoinAI.Pro]

Not at all, but you MUST have a profitable trading system/model and this is very hard to achieve.

[Wakate]

But looking at it now , is it really advisable to start trading with a lot f money? Or just start with whatever you can afford?

You can start trading with a small deposit, which you will eventually lose. And you should understand that most beginners lose their deposit several times before they learn how to trade. So it's better to lose a little bit than a lot of money. But in any case, you need to remember that on all exchanges it takes at least $3-5 to open an order, depending on the trading pair.

👍

What should we actually tell newbies in BitcoinTalk? "Trade" and lose money like many of the people who give that advice, but doubtfully think that they made actual money from "trading" with a large sample size, OR do we make it easier for them and let them do what we are doing? - Buy the DIP, and HODL.

No one actually will lose "money" by HODLing Bitcoin because Bitcoin itself IS money.

Apart from holding, you can likewise make some good profits from trading but many people especially those that are not traders do think that may not be possible. Once you have good knowledge about trading and have a mentor that is experienced and profitable at the same time, making profits from trading will be possible but it's not that easy for everyone.

There are traders that have a good background that have been helping them to make good decisions in the market. Every traders most be ready to learn because the market pattern changes always which is one of the reasons why many traders are not so profitable in a long time in trading. Trading is not for the weak and always require backup strategy and a good risk management in place to problem unnecessary decision that have the tendency to influence losses.

[Wind_FURY]

But looking at it now , is it really advisable to start trading with a lot f money? Or just start with whatever you can afford?

You can start trading with a small deposit, which you will eventually lose. And you should understand that most beginners lose their deposit several times before they learn how to trade. So it's better to lose a little bit than a lot of money. But in any case, you need to remember that on all exchanges it takes at least $3-5 to open an order, depending on the trading pair.

👍

What should we actually tell newbies in BitcoinTalk? "Trade" and lose money like many of the people who give that advice, but doubtfully think that they made actual money from "trading" with a large sample size, OR do we make it easier for them and let them do what we are doing? - Buy the DIP, and HODL.

No one actually will lose "money" by HODLing Bitcoin because Bitcoin itself IS money.

Apart from holding, you can likewise make some good profits from trading but many people especially those that are not traders do think that may not be possible. Once you have good knowledge about trading and have a mentor that is experienced and profitable at the same time, making profits from trading will be possible but it's not that easy for everyone.

There are traders that have a good background that have been helping them to make good decisions in the market. Every traders most be ready to learn because the market pattern changes always which is one of the reasons why many traders are not so profitable in a long time in trading. Trading is not for the weak and always require backup strategy and a good risk management in place to problem unnecessary decision that have the tendency to influence losses.

Ser, I'm very confident that the same advice given by the people in this forum could NOT outperform Bitcoin over a long term period. Why give such advice and post advice, if you yourself isn't actually a profitable trader? We're plebs, and we definitely should accept that fact and accept each other for being mere plebs at the bottom of the Bitcoin community.

BUT we're plebs that are front-running/have front-ran the billionaires and the nation-states. If they want to buy our precious Bitcoins from us , they should offer us seven figures and MAYBE we "might" consider it.

[K_vin]

Hello Bitcoin talk community!
The above question is what many people who are new to trading hear, I've also been advised to start with a large sum of money which I couldn't afford then .
But looking at it now , is it really advisable to start trading with a lot f money? Or just start with whatever you can afford?

Although the market indeed is a capital based market meaning that it requires a lot of capital to make substantial amount of money in a short period of time, it may not be very advisable to start trading with a large capital owing to the fact that trading is not gambling and not an overnight success game, (even though its possible to make alot of money overnight)success in trading is a process of compounding, this means making consistent profits and adding them up. this being the case a newbie first needs to understand how the market works ;leverages ,emotions,  psychology etc,.in doing this it will only be advisable to start with an amount that will allow you learn and won't make you lose sleep,

[Rabata]

But looking at it now , is it really advisable to start trading with a lot f money? Or just start with whatever you can afford?

You can start trading with a small deposit, which you will eventually lose. And you should understand that most beginners lose their deposit several times before they learn how to trade. So it's better to lose a little bit than a lot of money. But in any case, you need to remember that on all exchanges it takes at least $3-5 to open an order, depending on the trading pair.

👍

What should we actually tell newbies in BitcoinTalk? "Trade" and lose money like many of the people who give that advice, but doubtfully think that they made actual money from "trading" with a large sample size, OR do we make it easier for them and let them do what we are doing? - Buy the DIP, and HODL.

No one actually will lose "money" by HODLing Bitcoin because Bitcoin itself IS money.

Apart from holding, you can likewise make some good profits from trading but many people especially those that are not traders do think that may not be possible. Once you have good knowledge about trading and have a mentor that is experienced and profitable at the same time, making profits from trading will be possible but it's not that easy for everyone.

Your statement is correct ‍but in my perspective I just want to say that it is often a common picture where a new trader, when he make profits from a trade, provides more money for trading. Profiting from trading seems very easy for him, but the reality is definitely not like that. For those who do not know about trading, trading can be one of the reasons for losing. It is easy to make money from trading, and it does not take long to lose from it. However, whether a trader is new or old, if he increases his focus on holding, he can definitely profit in the long run. In this case, he does not need to know much, but he must hold the appropriate asset. Bitcoin is the best in this case. Although many have made a lot of money by trading, not everyone can do well from it. The investor has to take a decision by considering the risk.

[fikrett]

You don't need to wait for a huge capital before you start trading,  you can trade with small amount of money by using a fast-paced method called scalping. Consider trading a major cryptocurrency like Bitcoin, or a cryptocurrency with high volatility. Start small using 10-15 present of your capital, don't invest all at once. With scalping method you can make profit from many trades and it will save you from huge losses.

"Trading Bitcoin"
Say no more.
 

[Fara Chan]

You don't need to wait for a huge capital before you start trading,  you can trade with small amount of money by using a fast-paced method called scalping. Consider trading a major cryptocurrency like Bitcoin, or a cryptocurrency with high volatility. Start small using 10-15 present of your capital, don't invest all at once. With scalping method you can make profit from many trades and it will save you from huge losses.

Apart from the fast method that you explained, there are actually other strategies that are also suitable for small capital, although the level of risk itself must also be truly understandable. And that method is through trading in the future section with a crossline that doesn't have to be too big but must be able to choose the best coin to start it. Because for me Bitcoin doesn't have to be traded at all times like altcoins because sometimes Bitcoin is better to be stored after being bought at a low price by waiting for a better price increase moment like what happened today. So it's true that small capital is not a barrier to starting trading as long as we can know some methods that are suitable for that amount of capital.

[pusaka]

If that "new trader" is a pleb, like most of us, and that he'll be losing his/her money from his/her savings, then would you truly recommend that he/she "learn trading"? Or tell him/her to simply buy Bitcoin, and HODL?

I believe it would be more responsible to tell them to start their journey by merely HODLing Bitcoin, no? You could also suggest the buy the DIP method during bear markets, of DCA. But if you ask me, I'm biased towards buying the DIPs during bear markets.

I would advise them to hold bitcoin rather than trading if they are beginners, because comparing the risks, trading has a very big risk and also requires very broad knowledge to start trading. Holding bitcoin is actually the same, because mentality is needed when the market is sluggish, but we can continue to accumulate it and also holding bitcoin will not make us lose money as long as we are strong enough to hold it, unlike trading which can lose our money in a short time. While holding bitcoin, the time available can be used to learn to trade, so the time we use will be more effective, because we do two activities at once, the first is holding bitcoin and the second is learning to trade.

[Wind_FURY]

If that "new trader" is a pleb, like most of us, and that he'll be losing his/her money from his/her savings, then would you truly recommend that he/she "learn trading"? Or tell him/her to simply buy Bitcoin, and HODL?

I believe it would be more responsible to tell them to start their journey by merely HODLing Bitcoin, no? You could also suggest the buy the DIP method during bear markets, of DCA. But if you ask me, I'm biased towards buying the DIPs during bear markets.

I would advise them to hold bitcoin rather than trading if they are beginners, because comparing the risks, trading has a very big risk and also requires very broad knowledge to start trading. Holding bitcoin is actually the same, because mentality is needed when the market is sluggish, but we can continue to accumulate it and also holding bitcoin will not make us lose money as long as we are strong enough to hold it, unlike trading which can lose our money in a short time. While holding bitcoin, the time available can be used to learn to trade, so the time we use will be more effective, because we do two activities at once, the first is holding bitcoin and the second is learning to trade.

That doesn't matter if they're beginners or not. It's always the smartest move to HODL some of your wealth in Bitcoin as a hedge to the devaluation of money that has been happening for a VERY long time, perhaps since the invention and formation of Central Banking.

You can read more about this FACT in this article, https://whatismoney.info/dollar-devaluation-history/

[Cryptmuster]

I would advise them to hold bitcoin rather than trading if they are beginners, because comparing the risks, trading has a very big risk and also requires very broad knowledge to start trading. Holding bitcoin is actually the same, because mentality is needed when the market is sluggish, but we can continue to accumulate it and also holding bitcoin will not make us lose money as long as we are strong enough to hold it, unlike trading which can lose our money in a short time. While holding bitcoin, the time available can be used to learn to trade, so the time we use will be more effective, because we do two activities at once, the first is holding bitcoin and the second is learning to trade.

If you mention hold, then I would like to recall the opposition of trading and hold, I have heard this many times before and my personal experience says the same, that hold always wins trading in terms of effectiveness. For anyone who doubts this, just check, you do not need to have a huge capital for this, and after you are convinced that hold bitcoin is more profitable, perhaps you will no longer have a question about what capital you need to start trading, maybe after this you will direct the main capital to hold bitcoin.

[Mahanton]

I would advise them to hold bitcoin rather than trading if they are beginners, because comparing the risks, trading has a very big risk and also requires very broad knowledge to start trading. Holding bitcoin is actually the same, because mentality is needed when the market is sluggish, but we can continue to accumulate it and also holding bitcoin will not make us lose money as long as we are strong enough to hold it, unlike trading which can lose our money in a short time. While holding bitcoin, the time available can be used to learn to trade, so the time we use will be more effective, because we do two activities at once, the first is holding bitcoin and the second is learning to trade.

If you mention hold, then I would like to recall the opposition of trading and hold, I have heard this many times before and my personal experience says the same, that hold always wins trading in terms of effectiveness. For anyone who doubts this, just check, you do not need to have a huge capital for this, and after you are convinced that hold bitcoin is more profitable, perhaps you will no longer have a question about what capital you need to start trading, maybe after this you will direct the main capital to hold bitcoin.

But not all will really be having that kind of patience on which they would really be holding their Bitcoin. This is why they would really be that deciding that they will really be trying out to make up some short trades or even scalping on which we know that when it comes to risks factor then this is far more riskier on which it will be that depending on someones preference whether you will be diving into this kind set up whether you do hold or you would really be making up short trading on which it will really be that up to you whether you do make up such decision basing up into your risks appetite because not all will really be having this kind of preference on how they will be having that investment. When it comes to capital then it will be that not really that not important that you will be starting up with bigger capital, it will be best that you should really know at least about on making your small capital to get bigger. You do really need up to make that adjustments and good risks management and this is where you would be able to make that small amount to bigger capital. On the moment that you would really be ending up on having that bigger capital from small ones then this do signifies that you are already that a good trader or profitable ones. Somehow, this skill isnt something that you will be able to learn in a short period of time.

[pusaka]

I would advise them to hold bitcoin rather than trading if they are beginners, because comparing the risks, trading has a very big risk and also requires very broad knowledge to start trading. Holding bitcoin is actually the same, because mentality is needed when the market is sluggish, but we can continue to accumulate it and also holding bitcoin will not make us lose money as long as we are strong enough to hold it, unlike trading which can lose our money in a short time. While holding bitcoin, the time available can be used to learn to trade, so the time we use will be more effective, because we do two activities at once, the first is holding bitcoin and the second is learning to trade.

If you mention hold, then I would like to recall the opposition of trading and hold, I have heard this many times before and my personal experience says the same, that hold always wins trading in terms of effectiveness. For anyone who doubts this, just check, you do not need to have a huge capital for this, and after you are convinced that hold bitcoin is more profitable, perhaps you will no longer have a question about what capital you need to start trading, maybe after this you will direct the main capital to hold bitcoin.

Some people prefer to hold, but some others want to do both, they hold and they trade, it is a good thing if our knowledge is sufficient to do both.
If the situation requires me to choose one, then I will also choose to hold rather than trade. However, here we can do both without certain limitations, so it will come back to ourselves whether we will do both or not. The same is true for investing in bitcoin and altcoin for example, we cannot clash them, because if we can do both then do it and take advantage of the opportunities that exist.
This is a situational thing and we ourselves will determine.

[Wind_FURY]

I would advise them to hold bitcoin rather than trading if they are beginners, because comparing the risks, trading has a very big risk and also requires very broad knowledge to start trading. Holding bitcoin is actually the same, because mentality is needed when the market is sluggish, but we can continue to accumulate it and also holding bitcoin will not make us lose money as long as we are strong enough to hold it, unlike trading which can lose our money in a short time. While holding bitcoin, the time available can be used to learn to trade, so the time we use will be more effective, because we do two activities at once, the first is holding bitcoin and the second is learning to trade.

If you mention hold, then I would like to recall the opposition of trading and hold, I have heard this many times before and my personal experience says the same, that hold always wins trading in terms of effectiveness. For anyone who doubts this, just check, you do not need to have a huge capital for this, and after you are convinced that hold bitcoin is more profitable, perhaps you will no longer have a question about what capital you need to start trading, maybe after this you will direct the main capital to hold bitcoin.

Hold, or HODL, merely applies for plebs like us who can't trade and profit against those REAL traders who have the capital, the skills, and their army of trading bots. There's probably those situations that the whole market is surging and easy to "trade". But in the most common situations, it's very hard especially for plebs.

HODL and save your mental sanity.

[stomachgrowls]

I would advise them to hold bitcoin rather than trading if they are beginners, because comparing the risks, trading has a very big risk and also requires very broad knowledge to start trading. Holding bitcoin is actually the same, because mentality is needed when the market is sluggish, but we can continue to accumulate it and also holding bitcoin will not make us lose money as long as we are strong enough to hold it, unlike trading which can lose our money in a short time. While holding bitcoin, the time available can be used to learn to trade, so the time we use will be more effective, because we do two activities at once, the first is holding bitcoin and the second is learning to trade.

If you mention hold, then I would like to recall the opposition of trading and hold, I have heard this many times before and my personal experience says the same, that hold always wins trading in terms of effectiveness. For anyone who doubts this, just check, you do not need to have a huge capital for this, and after you are convinced that hold bitcoin is more profitable, perhaps you will no longer have a question about what capital you need to start trading, maybe after this you will direct the main capital to hold bitcoin.

Hold, or HODL, merely applies for plebs like us who can't trade and profit against those REAL traders who have the capital, the skills, and their army of trading bots. There's probably those situations that the whole market is surging and easy to "trade". But in the most common situations, it's very hard especially for plebs.

HODL and save your mental sanity.

Actually you can make trading even with small amounts or when you do consider yourself a pleb or a shrimp, as long you do really know on what you are doing then i dont really see on why you cant do trades? Of course there would be a minimum amount on which we know that it isnt really that too big or simply just go into the platforms minimum amount to trade. It all matters on how good you are on doing trades because the key on here is on how you do able to sustain yourself towards this unpredictable space. Just like on what others been saying that trading capital is useless if you dont know on how to trade, you will really be that easily get liquidated if you dont have idea on what you are indeed doing.

You can build up yourself on having that bigger capital at the time that your trading skill is really that becoming good. You can trade up with small amounts if you are really that serious on trying out to deal up with this career. It is really just that not all will be having the courage because there are ones who dont really like on losing money and this is why they would really be option up on holding their coins instead of doing making up trade on which this is far more riskier.

[lixer]

Actually you can make trading even with small amounts or when you do consider yourself a pleb or a shrimp, as long you do really know on what you are doing then i dont really see on why you cant do trades? Of course there would be a minimum amount on which we know that it isnt really that too big or simply just go into the platforms minimum amount to trade. It all matters on how good you are on doing trades because the key on here is on how you do able to sustain yourself towards this unpredictable space.

Yeah, trading fees vary from one platform to the other but maybe those who have the smallest minimum might still be high for some poor peasant traders? And then what they can't make out of that if in case they continue? Their money will only get eaten by the fees again if they trade or withdraw it. So I think it is not worth it overall. If they really want to trade maybe they need to find a well-sufficient capital first, only for their time and effort to not get wasted.

Just like on what others been saying that trading capital is useless if you dont know on how to trade, you will really be that easily get liquidated if you dont have idea on what you are indeed doing.

But at least those who have a lot of money can still bounce back immediately.

It is really just that not all will be having the courage because there are ones who dont really like on losing money and this is why they would really be option up on holding their coins instead of doing making up trade on which this is far more riskier.

If they don't like losing money then they shouldn't do even hodling and the risk for it can also go high as trading if one chooses the wrong coins.

[Findingnemo]

Whether the capital is huge or small, it's always should be an amount that you can afford to lose.

Not everyone have the previlage to start with huge, so if you can't accumulate big capital start with whatever the amount you have right now and try to utilise the compounding effect. The profits not only depends on the capital in Play but also the skills of playing hands, be wise and start accumulating profits so over the time it may turn into a big one.