How long should a beginner hold Bitcoin before trading

[Jamestown70]

If you want to invest in Bitcoin, then long term investment of 6 years and above should be your target depending on how disciplined you’re with your DCA. As a newbie it’s common that  price movement will want to cloud your judgement as a newbie and you will want to sell, but with if you’ve acquired basic knowledge of Bitcoin investment and also you have someone that is more advanced to put you through, it’ll go along way to help in your Bitcoin accumulation journey.

[Versatile_choice]

Bitcoin investment is supposed to be from the range of 4-10 years depending on your choice/ or how you plan it. But if you are investing for Long term you must at least Invest for 4 years because by then you must have accumulate enough stash of bitcoin in your portfolio, then you can start looking into trading your bitcoin. But it is never right for an investor to start looking into selling his bitcoin when he have not accumulate for like 4 years or more, because selling when you haven't get to that range makes you a short term Investor and not long term Investor.

[osasshem]

Trading is attractive and tempting, of which both are together. As a newbie, it is better to take time to learn trading first before you jump in with your own funds. Also, trading can be started with little capital, as to mitigate losses, but will be having little returns on every positive market outcome. Holding is relaxing with nothing much to fear, except there is a stormy rage in the market, where some uncertainty fills the air, which is normal. When it comes to holding, you should have in mind to hold for about 4 years or above, that's when significant changes happens.

[Odohu]

I will not recommend trading Bitcoin for a beginner due to the inherent risk involve in trading. Investing and holding is the best thing for a beginner because it gives the advantage of building wealth with time and eliminates the risk of loss of money that can be so discouraging. Even if the beginner will later trade Bitcoin, the trading budget must be separated from the investment budget to avoid making the mistake of wasting all the money in trading. But it is not compulsory that a beginner must trade because trading is not for everyone.

[9ja Amaka]

For Newbies like me who are still trying hard to gain experience, what's a better and smart approach? Should we just focus truly in long-term holding until we really gain full understanding of the market, or is there value in starting small with trades to learn by doing?

I will tell you for free, the best advice is the one you give yourself. Don't listen to what people say, when you haven't done your own research about it. People may panic sell, if you follow them, you will also lose with them.

Decision on whether to sell or not is a self made thing. If your knowledge on Bitcoin investment or trading is limited, take your time to learn instead of asking opinions from the community. You will find the answer yourself.

[Smartvirus]

Yet, it's really not easy and very tempting when you see price swings every day. People will say just HODL for years, while others say that short-term trading teaches you faster.

Trading does teaches you alright but, you can learn hard lessons that would defeat your interest in trading.
Holding is a strategy in Bitcoin investment that has got no relationship with trading. They both are independent of themselves and one can engage in the other without ever needing the other.

To be a trader, it’s more about experience, the experience which you would build through trading in itself. The idea is, you don’t really need to go live trading in other to gather this experience. All you’ve got to do is trade on demo and when you gather needed experience, you can go live.

[Joy- maker]

As a newbie to bitcoin I will advice you focus on the ongoing DCA accumulation of bitcoin until you accumulate a good portion of bitcoin and then hold for long term. I know it's not easy to hold Bitcoin through cycles, but if you truly want to invest in bitcoin for long term then  am pretty sure that you be able to overcome all the temptations that will come your way along the line.
But trading Bitcoin is no no, not because trading is very risky, because it doesn't make sense whereby you are trading a coin that is full of potentials and a big edge against inflation. Bitcoin is a coin you should never think of trading, instead buy and hold for long term and you end up in good and reasonable profits.

[Freeveto]

As beginner in Bitcoin and for someone like me who's trying as much as I can to know more about Bitcoin, I always hear people advice: "Don't trade too early"

Yet, it's really not easy and very tempting when you see price swings every day. People will say just HODL for years, while others say that short-term trading teaches you faster.

For Newbies like me who are still trying hard to gain experience, what's a better and smart approach? Should we just focus truly in long-term holding until we really gain full understanding of the market, or is there value in starting small with trades to learn by doing?

Firstly, I guess you have to understand your goals while you're here in the crypto industry, are you looking forward to trade or do you want to invest, however from experience, as a newbie it's better for you to start with long term investment, that's you hold rather trading or investment for a short period of time.

While you have stacked your bag with some stats, then you go in for learning and for proper understanding of Bitcoin.

[Uhwuchukwu53]

It depends on the strategy used by the beginner to accumulate if you can gather a very good number of Bitcoin within Bitcoin cycle of four years, you can test how the market look by taking small profit because it's not easy for a beginner to keep investing without eating from what he invested except the investor is target is Life time saving either for Old age or it's children benefits, as beginner anything from four years above is a good number of accumulation.

[Judith87403]

For starters, the best step is to take priority in long term holding while they are learning, and just trade when it is intentional and limited.

HODLing assists you to understand Bitcoin without pressure emotionally. It takes away everyday noise and guides your from mistakes caused by fear or greed. Many starters lose funds not as a result of lack of knowledge, but as a result of trading too early.

Haven said that, little, controlled trades may teach worthy when treated as tuition, instead of income. Separation is the key. Keep a core position you will not have to lay hands on, and when you trade, make use of amount you can bear to lose. Learning is essential, yet to survive in the market is what matters more.

[sotelorene]

As beginner in Bitcoin and for someone like me who's trying as much as I can to know more about Bitcoin, I always hear people advice: "Don't trade too early"

Yet, it's really not easy and very tempting when you see price swings every day. People will say just HODL for years, while others say that short-term trading teaches you faster.

For Newbies like me who are still trying hard to gain experience, what's a better and smart approach? Should we just focus truly in long-term holding until we really gain full understanding of the market, or is there value in starting small with trades to learn by doing?

I don't really know what you have intended to do before now I mean initial plans about Bitcoin but I guess the best way to go about Bitcoin is to invest and hold for long term and I believe everyone who knows Bitcoin so well will advise you to buy and hold but I doubt if traders will advise you to invest because they will also want to have a community but this should not be about community rather it should be about what is right and what is reasonable though long term holding really need a lot of patient but you won't loss anything unless your seed phrase is compromise but in trading you can even get a high blood pressure because of wrong move.

[Cgrexp]

I will not recommend trading Bitcoin for a beginner due to the inherent risk involve in trading. Investing and holding is the best thing for a beginner because it gives the advantage of building wealth with time and eliminates the risk of loss of money that can be so discouraging. Even if the beginner will later trade Bitcoin, the trading budget must be separated from the investment budget to avoid making the mistake of wasting all the money in trading. But it is not compulsory that a beginner must trade because trading is not for everyone.

And I think most of those who want to trade in a new situation have the aim of making money in a short time. And they start trading thinking about making money in a short time if they do not have experience or knowledge. But another reason may be lack of patience because if they do not have patience they will feel bored with long-term investment and such people prefer to trade more. But without understanding, they face losses due to lack of knowledge, analysis and experience.

[fredericktaylor]

As beginner in Bitcoin and for someone like me who's trying as much as I can to know more about Bitcoin, I always hear people advice: "Don't trade too early"

Yet, it's really not easy and very tempting when you see price swings every day. People will say just HODL for years, while others say that short-term trading teaches you faster.

For Newbies like me who are still trying hard to gain experience, what's a better and smart approach? Should we just focus truly in long-term holding until we really gain full understanding of the market, or is there value in starting small with trades to learn by doing?

Trading can be done, but it is relatively better to decide to hold Bitcoin in the long term rather than trading in a new situation, because to achieve success in trading, you need to have the right knowledge as well as the right idea about the market. Which is never possible for a new trader. A new trader will not be able to enter the market at the right time, will not be able to apply any strategy and will not be able to be patient, which increases the possibility of losing money many times over. Therefore, it is very wise to buy Bitcoin in a new situation and hold it for the long term, gradually your confidence and correct knowledge about Bitcoin, as well as reducing the possibility of losing money. Success can be achieved by consistently purchasing Bitcoin with a long-term plan rather than trading in the beginning.

[icebar]

Yet, it's really not easy and very tempting when you see price swings every day. People will say just HODL for years, while others say that short-term trading teaches you faster.

Trading is a quick learning experience, but if a new trader starts trading with Bitcoin, his chances of losing will increase. When a new trader starts trading and faces a loss, he may have a negative perception of it. He may get diverted while learning. That is why he should definitely be interested in holding instead of trading at the beginning. This way, he will be able to hold Bitcoin for the long term and if the price of Bitcoin decreases in any situation, it will not be a cause of stress for him because even if Bitcoin falls, it will move towards rising again after a cycle.