Seeking a smart way to trade as a newbie

[aoluain]

Looking at the Bitcoin volatility this days, do you think is favourable for young traders especially the newbies to trade or should they hold their Bitcoins pending when the price will appreciate, then they sell out their Bitcoins.

Or is it better to indulge in a calculative trading hoping one might be making little earnings since investment takes some considerable period of time to cash out the profit.

My opinion -

How will you know when to buy and how will you know when to sell?

Even though there is no real bad time to buy Bitcoin if you intend to HODL for the long term
of indefinitely but for trading you could very well buy and sell later at the most inopportune time.

You are right that the market volatility offers good opportunities to trade but that comes with risks
for the newbies . . . and there is no easy trades, you will have to put the time and study in.

[m2017]

How will you know when to buy and how will you know when to sell?

Whoever knows the answer to this question will become the most successful trader.

Even though there is no real bad time to buy Bitcoin if you intend to HODL for the long term
of indefinitely but for trading you could very well buy and sell later at the most inopportune time.

If so, can a trader gradually transform into a long-term holder?

You are right that the market volatility offers good opportunities to trade but that comes with risks
for the newbies . . . and there is no easy trades, you will have to put the time and study in.

Trading is fraught with risk, not only for beginners but also for experienced traders. Risks are always present.

No matter how much time and research you spend, there's always the possibility that the president of some oil-rich country will be kidnapped by another country, causing a sharp spike in demand for bitcoin. What trader could have predicted this event, given that a week or two ago, the market was falling and forecasts were pessimistic due to the (presumably) completion of the bull run?

Of course, such price surges offer great trading opportunities, but if you "make the wrong bet", failure is inevitable. Would a newbie want to continue trading after such a scenario? Unlikely.

[UmerIdrees]

My opinion -

How will you know when to buy and how will you know when to sell?

Even though there is no real bad time to buy Bitcoin if you intend to HODL for the long term
of indefinitely but for trading you could very well buy and sell later at the most inopportune time.

You are right that the market volatility offers good opportunities to trade but that comes with risks
for the newbies . . . and there is no easy trades, you will have to put the time and study in.

Trading isn't easy these days, and even the most experienced traders face losses these days. The reason is that the market behaviour is strange nowadays and the very basic genuine trading pattern fails to execute. The reason is that there is a lot of manipulation in the crypto market, and due to which it's hard to get a profit, and mostly the stop losses hit first before the trade moves in the desired direction. 

I think sometimes investing is easier and secure than trading. In investing, you can buy the coin in parts and hold it for the long term. That strategy still gives better profits.

[Alpen]

Looking at the Bitcoin volatility this days, do you think is favourable for young traders especially the newbies to trade or should they hold their Bitcoins pending when the price will appreciate, then they sell out their Bitcoins.

Or is it better to indulge in a calculative trading hoping one might be making little earnings since investment takes some considerable period of time to cash out the profit.

From what I gather, you are tempted to speculate on Bitcoin because of its volatility. Newbies often see these massive daily swings and mistake them for a guaranteed daily paycheck.

It might look more attractive than waiting years for an investment to pay off, but in reality, you'll likely get caught in a market crash. You’ll become an 'accidental investor,' waiting months or even years just for the price to get back to break-even.

My advice? Learn the mechanics of professional trading. You'll eventually realize that trading lower-volatility instruments can actually yield higher and more consistent returns than chasing crypto pumps

[Timotech]

Yes newbie needs see various strategies tailored to different trading styles and market conditions. It’s important to thoroughly research and understand each strategy before applying them.not because the market volatility offers good opportunities to traders and it still comes with riskk for the newbies,like "Me"